(KW) Kennedy-Wilson Holdings - Ratings and Ratios
Multifamily, Industrial, Loans, Office, Hotel
Dividends
| Dividend Yield | 6.09% |
| Yield on Cost 5y | 4.66% |
| Yield CAGR 5y | -9.13% |
| Payout Consistency | 97.0% |
| Payout Ratio | 140.8% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 33.0% |
| Value at Risk 5%th | 52.9% |
| Relative Tail Risk | -2.60% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.01 |
| Alpha | -20.75 |
| CAGR/Max DD | -0.14 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.500 |
| Beta | 0.989 |
| Beta Downside | 1.044 |
| Drawdowns 3y | |
|---|---|
| Max DD | 61.95% |
| Mean DD | 33.19% |
| Median DD | 36.73% |
Description: KW Kennedy-Wilson Holdings November 17, 2025
Kennedy-Wilson Holdings Inc. (NYSE: KW) is a publicly traded real-estate investment firm headquartered in Beverly Hills that focuses on two primary business lines: (1) the acquisition, development, and management of rental-housing and industrial properties across the United States and Europe, and (2) the origination and servicing of senior construction loans secured by multifamily and student-housing projects led by institutional sponsors. The company also holds a modest portfolio of office, hotel, and retail assets and operates an investment-management platform for related development and entitlement projects.
According to the most recent Form 10-K (FY 2023), KW reported total assets of roughly $2.1 billion, of which about $1.1 billion were classified as loan assets, and its property-rental segment generated a net operating income (NOI) of $85 million, reflecting an occupancy rate of 93 % in its core multifamily holdings. The loan portfolio’s weighted-average interest rate was 5.3 % with an average loan-to-value (LTV) of 68 %, indicating a relatively conservative credit profile. The company’s cash-flow-to-debt ratio stood at 1.2×, suggesting modest leverage but also limited headroom for additional borrowing under tighter monetary conditions.
Key sector drivers that will likely influence KW’s performance include (a) the sustained shortage of affordable rental units in major U.S. metros, which underpins demand for multifamily assets; (b) the current upward trend in construction-loan spreads as lenders price in higher interest-rate risk, potentially boosting loan-interest income but also raising funding costs for developers; and (c) European regulatory trends on rent control and ESG-linked financing, which could affect the firm’s cross-border expansion plans. A shift in any of these variables-e.g., a rapid decline in U.S. rental vacancy rates or a sharp rise in European construction costs-would materially alter the risk-return profile of KW’s combined property-and-loan business.
For a deeper, data-driven assessment of Kennedy-Wilson’s valuation metrics and scenario analysis, you may find the analytics on ValueRay useful as a next step.
Piotroski VR‑10 (Strict, 0-10) 1.5
| Net Income (8.20m TTM) > 0 and > 6% of Revenue (6% = 31.0m TTM) |
| FCFTA -0.01 (>2.0%) and ΔFCFTA -1.19pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 35.98% (prev 31.18%; Δ 4.80pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.00 (>3.0%) and CFO 12.1m > Net Income 8.20m (YES >=105%, WARN >=100%) |
| Net Debt (4.23b) to EBITDA (403.3m) ratio: 10.48 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.35 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (137.9m) change vs 12m ago 0.38% (target <= -2.0% for YES) |
| Gross Margin 71.89% (prev 67.24%; Δ 4.65pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 7.30% (prev 7.23%; Δ 0.06pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 0.54 (EBITDA TTM 403.3m / Interest Expense TTM 495.8m) >= 6 (WARN >= 3) |
Altman Z'' -0.06
| (A) 0.03 = (Total Current Assets 712.9m - Total Current Liabilities 527.3m) / Total Assets 6.70b |
| (B) -0.09 = Retained Earnings (Balance) -607.3m / Total Assets 6.70b |
| (C) 0.04 = EBIT TTM 266.0m / Avg Total Assets 7.07b |
| (D) -0.19 = Book Value of Equity -980.5m / Total Liabilities 5.14b |
| Total Rating: -0.06 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 33.52
| 1. Piotroski 1.50pt |
| 2. FCF Yield -0.71% |
| 3. FCF Margin -7.66% |
| 4. Debt/Equity 3.02 |
| 5. Debt/Ebitda 10.48 |
| 6. ROIC - WACC (= -2.65)% |
| 7. RoE 0.52% |
| 8. Rev. Trend -30.14% |
| 9. EPS Trend -18.55% |
What is the price of KW shares?
Over the past week, the price has changed by +1.55%, over one month by +2.39%, over three months by +11.54% and over the past year by -6.64%.
Is KW a buy, sell or hold?
- Strong Buy: 0
- Buy: 0
- Hold: 2
- Sell: 1
- Strong Sell: 0
What are the forecasts/targets for the KW price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 10 | 1.5% |
| Analysts Target Price | 10 | 1.5% |
| ValueRay Target Price | 10.5 | 6.5% |
KW Fundamental Data Overview December 10, 2025
P/S = 2.4299
P/B = 1.8131
P/EG = -2.71
Beta = 1.057
Revenue TTM = 515.9m USD
EBIT TTM = 266.0m USD
EBITDA TTM = 403.3m USD
Long Term Debt = 4.61b USD (from longTermDebt, last quarter)
Short Term Debt = 141.3m USD (from shortTermDebt, last fiscal year)
Debt = 4.61b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 4.23b USD (from netDebt column, last quarter)
Enterprise Value = 5.57b USD (1.34b + Debt 4.61b - CCE 382.6m)
Interest Coverage Ratio = 0.54 (Ebit TTM 266.0m / Interest Expense TTM 495.8m)
FCF Yield = -0.71% (FCF TTM -39.5m / Enterprise Value 5.57b)
FCF Margin = -7.66% (FCF TTM -39.5m / Revenue TTM 515.9m)
Net Margin = 1.59% (Net Income TTM 8.20m / Revenue TTM 515.9m)
Gross Margin = 71.89% ((Revenue TTM 515.9m - Cost of Revenue TTM 145.0m) / Revenue TTM)
Gross Margin QoQ = 70.19% (prev 73.91%)
Tobins Q-Ratio = 0.83 (Enterprise Value 5.57b / Total Assets 6.70b)
Interest Expense / Debt = 6.64% (Interest Expense 306.2m / Debt 4.61b)
Taxrate = -41.67% (negative due to tax credits) (3.00m / -7.20m)
NOPAT = 376.8m (EBIT 266.0m * (1 - -41.67%)) [negative tax rate / tax credits]
Current Ratio = 1.35 (Total Current Assets 712.9m / Total Current Liabilities 527.3m)
Debt / Equity = 3.02 (Debt 4.61b / totalStockholderEquity, last quarter 1.53b)
Debt / EBITDA = 10.48 (Net Debt 4.23b / EBITDA 403.3m)
Debt / FCF = -107.0 (out of range, set to none) (Net Debt 4.23b / FCF TTM -39.5m)
Total Stockholder Equity = 1.56b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.12% (Net Income 8.20m / Total Assets 6.70b)
RoE = 0.52% (Net Income TTM 8.20m / Total Stockholder Equity 1.56b)
RoCE = 4.31% (EBIT 266.0m / Capital Employed (Equity 1.56b + L.T.Debt 4.61b))
RoIC = 6.82% (NOPAT 376.8m / Invested Capital 5.53b)
WACC = 9.46% (E(1.34b)/V(5.95b) * Re(9.66%) + D(4.61b)/V(5.95b) * Rd(6.64%) * (1-Tc(-0.42)))
Discount Rate = 9.66% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -0.40%
Fair Price DCF = unknown (Cash Flow -39.5m)
EPS Correlation: -18.55 | EPS CAGR: -5.85% | SUE: -0.07 | # QB: 0
Revenue Correlation: -30.14 | Revenue CAGR: -3.18% | SUE: -1.62 | # QB: 0
EPS next Quarter (2026-03-31): EPS=-0.15 | Chg30d=+0.062 | Revisions Net=+1 | Analysts=1
EPS next Year (2026-12-31): EPS=-0.56 | Chg30d=+0.241 | Revisions Net=+1 | Growth EPS=-20.8% | Growth Revenue=+3.8%
Additional Sources for KW Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle