KRONES AG (KRN.DE) Stock Fundamental Analysis
FRA:KRN - Deutsche Boerse Ag - DE0006335003 - Common Stock - Currency: EUR
Overall KRN gets a fundamental rating of 7 out of 10. We evaluated KRN against 103 industry peers in the Machinery industry. KRN has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. KRN is not valued too expensively and it also shows a decent growth rate. These ratings could make KRN a good candidate for quality investing.
1. Profitability
1.1 Basic Checks
KRN had positive earnings in the past year.
KRN had a positive operating cash flow in the past year.
Of the past 5 years KRN 4 years were profitable.
KRN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
KRN's Return On Assets of 5.83% is fine compared to the rest of the industry. KRN outperforms 76.70% of its industry peers.
KRN's Return On Equity of 14.40% is amongst the best of the industry. KRN outperforms 81.55% of its industry peers.
KRN has a better Return On Invested Capital (11.34%) than 85.44% of its industry peers.
KRN had an Average Return On Invested Capital over the past 3 years of 10.37%. This is in line with the industry average of 8.41%.
The 3 year average ROIC (10.37%) for KRN is below the current ROIC(11.34%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.83% | ||
| ROE | 14.4% | ||
| ROIC | 11.34% |
ROA(3y)5.11%
ROA(5y)3.35%
ROE(3y)13.07%
ROE(5y)8.54%
ROIC(3y)10.37%
ROIC(5y)N/A
1.3 Margins
KRN has a better Profit Margin (5.23%) than 62.14% of its industry peers.
In the last couple of years the Profit Margin of KRN has grown nicely.
Looking at the Operating Margin, with a value of 6.96%, KRN is in line with its industry, outperforming 57.28% of the companies in the same industry.
KRN's Operating Margin has improved in the last couple of years.
KRN has a better Gross Margin (52.38%) than 69.90% of its industry peers.
In the last couple of years the Gross Margin of KRN has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.96% | ||
| PM (TTM) | 5.23% | ||
| GM | 52.38% |
OM growth 3Y13.3%
OM growth 5Y31.4%
PM growth 3Y10.38%
PM growth 5Y85.26%
GM growth 3Y0.06%
GM growth 5Y0.84%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), KRN is creating some value.
The number of shares outstanding for KRN remains at a similar level compared to 1 year ago.
Compared to 5 years ago, KRN has about the same amount of shares outstanding.
KRN has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 3.04 indicates that KRN is not in any danger for bankruptcy at the moment.
KRN has a Altman-Z score of 3.04. This is in the better half of the industry: KRN outperforms 75.73% of its industry peers.
KRN has a debt to FCF ratio of 0.01. This is a very positive value and a sign of high solvency as it would only need 0.01 years to pay back of all of its debts.
KRN's Debt to FCF ratio of 0.01 is amongst the best of the industry. KRN outperforms 99.03% of its industry peers.
KRN has a Debt/Equity ratio of 0.00. This is a healthy value indicating a solid balance between debt and equity.
KRN has a better Debt to Equity ratio (0.00) than 97.09% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.01 | ||
| Altman-Z | 3.04 |
ROIC/WACC1.56
WACC7.26%
2.3 Liquidity
A Current Ratio of 1.34 indicates that KRN should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.34, KRN is doing worse than 63.11% of the companies in the same industry.
A Quick Ratio of 1.06 indicates that KRN should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.06, KRN perfoms like the industry average, outperforming 52.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.34 | ||
| Quick Ratio | 1.06 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 23.35% over the past year.
Measured over the past years, KRN shows a very strong growth in Earnings Per Share. The EPS has been growing by 96.42% on average per year.
The Revenue has grown by 12.14% in the past year. This is quite good.
Measured over the past years, KRN shows a small growth in Revenue. The Revenue has been growing by 5.98% on average per year.
EPS 1Y (TTM)23.35%
EPS 3Y25.19%
EPS 5Y96.42%
EPS Q2Q%56.13%
Revenue 1Y (TTM)12.14%
Revenue growth 3Y13.35%
Revenue growth 5Y5.98%
Sales Q2Q%14.87%
3.2 Future
The Earnings Per Share is expected to grow by 13.00% on average over the next years. This is quite good.
The Revenue is expected to grow by 5.20% on average over the next years.
EPS Next Y18.02%
EPS Next 2Y16.09%
EPS Next 3Y14.61%
EPS Next 5Y13%
Revenue Next Year8.1%
Revenue Next 2Y7.36%
Revenue Next 3Y7.13%
Revenue Next 5Y5.2%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 15.07 indicates a correct valuation of KRN.
Compared to the rest of the industry, the Price/Earnings ratio of KRN indicates a somewhat cheap valuation: KRN is cheaper than 63.11% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of KRN to the average of the S&P500 Index (28.18), we can say KRN is valued slightly cheaper.
Based on the Price/Forward Earnings ratio of 12.77, the valuation of KRN can be described as correct.
Based on the Price/Forward Earnings ratio, KRN is valued a bit cheaper than the industry average as 61.16% of the companies are valued more expensively.
KRN's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 20.81.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.07 | ||
| Fwd PE | 12.77 |
4.2 Price Multiples
61.16% of the companies in the same industry are more expensive than KRN, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of KRN indicates a somewhat cheap valuation: KRN is cheaper than 63.11% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.41 | ||
| EV/EBITDA | 6.93 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of KRN may justify a higher PE ratio.
A more expensive valuation may be justified as KRN's earnings are expected to grow with 14.61% in the coming years.
PEG (NY)0.84
PEG (5Y)0.16
EPS Next 2Y16.09%
EPS Next 3Y14.61%
5. Dividend
5.1 Amount
KRN has a Yearly Dividend Yield of 2.02%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 2.96, KRN pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.45, KRN has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.02% |
5.2 History
The dividend of KRN has a limited annual growth rate of 5.29%.
Dividend Growth(5Y)5.29%
Div Incr Years2
Div Non Decr Years3
5.3 Sustainability
25.11% of the earnings are spent on dividend by KRN. This is a low number and sustainable payout ratio.
KRN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP25.11%
EPS Next 2Y16.09%
EPS Next 3Y14.61%
FRA:KRN (5/5/2025, 10:38:03 AM)
132.2
+0.4 (+0.3%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners22.66%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap4.18B
Analysts80
Price Target151.69 (14.74%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.02% |
Yearly Dividend2.2
Dividend Growth(5Y)5.29%
DP25.11%
Div Incr Years2
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-13.08%
Min EPS beat(2)-18.73%
Max EPS beat(2)-7.42%
EPS beat(4)2
Avg EPS beat(4)6.98%
Min EPS beat(4)-18.73%
Max EPS beat(4)53.89%
EPS beat(8)4
Avg EPS beat(8)4.26%
EPS beat(12)8
Avg EPS beat(12)10.45%
EPS beat(16)12
Avg EPS beat(16)13.42%
Revenue beat(2)1
Avg Revenue beat(2)0.37%
Min Revenue beat(2)-0.92%
Max Revenue beat(2)1.67%
Revenue beat(4)2
Avg Revenue beat(4)-0.19%
Min Revenue beat(4)-1.57%
Max Revenue beat(4)1.67%
Revenue beat(8)3
Avg Revenue beat(8)-0.34%
Revenue beat(12)7
Avg Revenue beat(12)0.77%
Revenue beat(16)8
Avg Revenue beat(16)0.51%
PT rev (1m)0.92%
PT rev (3m)1.31%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)1.59%
EPS NY rev (3m)-0.62%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.09%
Revenue NY rev (3m)-0.12%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.07 | ||
| Fwd PE | 12.77 | ||
| P/S | 0.79 | ||
| P/FCF | 15.41 | ||
| P/OCF | 9.24 | ||
| P/B | 2.17 | ||
| P/tB | 3.13 | ||
| EV/EBITDA | 6.93 |
EPS(TTM)8.77
EY6.63%
EPS(NY)10.35
Fwd EY7.83%
FCF(TTM)8.58
FCFY6.49%
OCF(TTM)14.31
OCFY10.83%
SpS167.57
BVpS60.83
TBVpS42.25
PEG (NY)0.84
PEG (5Y)0.16
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.83% | ||
| ROE | 14.4% | ||
| ROCE | 15.64% | ||
| ROIC | 11.34% | ||
| ROICexc | 13.96% | ||
| ROICexgc | 20.13% | ||
| OM | 6.96% | ||
| PM (TTM) | 5.23% | ||
| GM | 52.38% | ||
| FCFM | 5.12% |
ROA(3y)5.11%
ROA(5y)3.35%
ROE(3y)13.07%
ROE(5y)8.54%
ROIC(3y)10.37%
ROIC(5y)N/A
ROICexc(3y)13.79%
ROICexc(5y)N/A
ROICexgc(3y)19.27%
ROICexgc(5y)N/A
ROCE(3y)14.31%
ROCE(5y)N/A
ROICexcg growth 3Y22.07%
ROICexcg growth 5Y40.08%
ROICexc growth 3Y16.88%
ROICexc growth 5Y36.18%
OM growth 3Y13.3%
OM growth 5Y31.4%
PM growth 3Y10.38%
PM growth 5Y85.26%
GM growth 3Y0.06%
GM growth 5Y0.84%
F-Score7
Asset Turnover1.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.01 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 107.55% | ||
| Cap/Sales | 3.42% | ||
| Interest Coverage | 56.44 | ||
| Cash Conversion | 84.2% | ||
| Profit Quality | 97.91% | ||
| Current Ratio | 1.34 | ||
| Quick Ratio | 1.06 | ||
| Altman-Z | 3.04 |
F-Score7
WACC7.26%
ROIC/WACC1.56
Cap/Depr(3y)96.01%
Cap/Depr(5y)83.18%
Cap/Sales(3y)3.22%
Cap/Sales(5y)3.08%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)23.35%
EPS 3Y25.19%
EPS 5Y96.42%
EPS Q2Q%56.13%
EPS Next Y18.02%
EPS Next 2Y16.09%
EPS Next 3Y14.61%
EPS Next 5Y13%
Revenue 1Y (TTM)12.14%
Revenue growth 3Y13.35%
Revenue growth 5Y5.98%
Sales Q2Q%14.87%
Revenue Next Year8.1%
Revenue Next 2Y7.36%
Revenue Next 3Y7.13%
Revenue Next 5Y5.2%
EBIT growth 1Y26.68%
EBIT growth 3Y28.43%
EBIT growth 5Y39.26%
EBIT Next Year65.02%
EBIT Next 3Y25.95%
EBIT Next 5Y15.11%
FCF growth 1Y1182.31%
FCF growth 3Y3.15%
FCF growth 5YN/A
OCF growth 1Y228.56%
OCF growth 3Y8.72%
OCF growth 5Y35.97%