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KIE

Kier Group PLC

Construction and Materials First-pass screen £895m
390/1000 Overall fit
AI beneficiary 35% 25
Operating leverage 25% 48
Valuation 25% 30
Downside protection 15% 72

First-pass take

Kier is a traditional UK infrastructure/construction contractor with zero AI exposure and modest operating leverage. Strong downside protection: 94% public-sector customers, £10.1bn order book, net cash £64m, long-term frameworks secure 85% of FY24 revenue. But fundamentally misaligned with AI spending strategy.

Flags

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