KRONES AG (KRN.DE) Stock Fundamental Analysis
FRA:KRN - Deutsche Boerse Ag - DE0006335003 - Common Stock - Currency: EUR
We assign a fundamental rating of 6 out of 10 to KRN. KRN was compared to 107 industry peers in the Machinery industry. KRN scores excellent on profitability, but there are some minor concerns on its financial health. KRN is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
KRN had positive earnings in the past year.
In the past year KRN had a positive cash flow from operations.
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
Looking at the Return On Assets, with a value of 5.83%, KRN is in the better half of the industry, outperforming 75.70% of the companies in the same industry.
The Return On Equity of KRN (14.45%) is better than 80.37% of its industry peers.
KRN has a Return On Invested Capital of 11.58%. This is amongst the best in the industry. KRN outperforms 84.11% 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 8.98%.
The 3 year average ROIC (10.37%) for KRN is below the current ROIC(11.58%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.83% | ||
| ROE | 14.45% | ||
| ROIC | 11.58% |
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
The Profit Margin of KRN (5.25%) is better than 61.68% of its industry peers.
KRN's Profit Margin has improved in the last couple of years.
With a Operating Margin value of 7.09%, KRN perfoms like the industry average, outperforming 56.07% of the companies in the same industry.
In the last couple of years the Operating Margin of KRN has grown nicely.
KRN has a Gross Margin of 52.57%. This is in the better half of the industry: KRN outperforms 70.09% of its industry peers.
KRN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 7.09% | ||
| PM (TTM) | 5.25% | ||
| GM | 52.57% |
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so KRN is still creating some value.
KRN has about the same amout of shares outstanding than it did 1 year ago.
KRN has about the same amout of shares outstanding than it did 5 years ago.
The debt/assets ratio for KRN has been reduced compared to a year ago.
2.2 Solvency
The Debt to FCF ratio of KRN is 0.01, which is an excellent value as it means it would take KRN, only 0.01 years of fcf income to pay off all of its debts.
KRN has a Debt to FCF ratio of 0.01. This is amongst the best in the industry. KRN outperforms 100.00% 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.
The Debt to Equity ratio of KRN (0.00) is better than 97.20% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.01 | ||
| Altman-Z | N/A |
ROIC/WACC1.64
WACC7.04%
2.3 Liquidity
A Current Ratio of 1.36 indicates that KRN should not have too much problems paying its short term obligations.
KRN has a Current ratio of 1.36. This is in the lower half of the industry: KRN underperforms 60.75% of its industry peers.
KRN has a Quick Ratio of 1.10. This is a normal value and indicates that KRN is financially healthy and should not expect problems in meeting its short term obligations.
KRN has a Quick ratio (1.10) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.36 | ||
| Quick Ratio | 1.1 |
3. Growth
3.1 Past
KRN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 26.60%, which is quite impressive.
KRN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 96.42% yearly.
The Revenue has grown by 14.42% 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)26.6%
EPS 3Y25.19%
EPS 5Y96.42%
EPS Q2Q%15.38%
Revenue 1Y (TTM)14.42%
Revenue growth 3Y13.35%
Revenue growth 5Y5.98%
Sales Q2Q%13.06%
3.2 Future
Based on estimates for the next years, KRN will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.18% on average per year.
The Revenue is expected to grow by 6.04% on average over the next years.
EPS Next Y18.02%
EPS Next 2Y16.09%
EPS Next 3Y14.61%
EPS Next 5Y12.18%
Revenue Next Year8.08%
Revenue Next 2Y7.33%
Revenue Next 3Y7.1%
Revenue Next 5Y6.04%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 15.29, the valuation of KRN can be described as correct.
Based on the Price/Earnings ratio, KRN is valued a bit cheaper than the industry average as 70.09% of the companies are valued more expensively.
KRN's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.04.
A Price/Forward Earnings ratio of 11.76 indicates a reasonable valuation of KRN.
KRN's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. KRN is cheaper than 63.55% of the companies in the same industry.
KRN is valuated cheaply when we compare the Price/Forward Earnings ratio to 37.64, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.29 | ||
| Fwd PE | 11.76 |
4.2 Price Multiples
KRN's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. KRN is cheaper than 68.22% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, KRN is valued a bit cheaper than the industry average as 62.62% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.05 | ||
| EV/EBITDA | 6.83 |
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.
KRN has a very decent profitability rating, which may justify a higher PE ratio.
KRN's earnings are expected to grow with 14.61% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.85
PEG (5Y)0.16
EPS Next 2Y16.09%
EPS Next 3Y14.61%
5. Dividend
5.1 Amount
KRN has a Yearly Dividend Yield of 1.87%.
KRN's Dividend Yield is comparable with the industry average which is at 2.84.
Compared to the average S&P500 Dividend Yield of 2.35, KRN is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.87% |
5.2 History
The dividend of KRN has a limited annual growth rate of 5.29%.
Dividend Growth(5Y)5.29%
Div Incr Years1
Div Non Decr Years4
5.3 Sustainability
KRN pays out 24.24% of its income as dividend. This is a sustainable payout ratio.
KRN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP24.24%
EPS Next 2Y16.09%
EPS Next 3Y14.61%
FRA:KRN (7/25/2025, 7:00:00 PM)
139
-1 (-0.71%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners20.81%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap4.39B
Analysts81.18
Price Target159.67 (14.87%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.87% |
Yearly Dividend2.2
Dividend Growth(5Y)5.29%
DP24.24%
Div Incr Years1
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-4.43%
Min EPS beat(2)-7.42%
Max EPS beat(2)-1.44%
EPS beat(4)1
Avg EPS beat(4)6.57%
Min EPS beat(4)-18.73%
Max EPS beat(4)53.89%
EPS beat(8)3
Avg EPS beat(8)2.47%
EPS beat(12)7
Avg EPS beat(12)9.22%
EPS beat(16)11
Avg EPS beat(16)12.7%
Revenue beat(2)1
Avg Revenue beat(2)-0.14%
Min Revenue beat(2)-0.92%
Max Revenue beat(2)0.64%
Revenue beat(4)3
Avg Revenue beat(4)0.37%
Min Revenue beat(4)-0.92%
Max Revenue beat(4)1.67%
Revenue beat(8)3
Avg Revenue beat(8)-0.6%
Revenue beat(12)7
Avg Revenue beat(12)0.62%
Revenue beat(16)9
Avg Revenue beat(16)0.64%
PT rev (1m)0.2%
PT rev (3m)5.46%
EPS NQ rev (1m)-1.1%
EPS NQ rev (3m)-1.1%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)-1.98%
Revenue NQ rev (3m)-2.67%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.07%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.29 | ||
| Fwd PE | 11.76 | ||
| P/S | 0.8 | ||
| P/FCF | 17.05 | ||
| P/OCF | 9.89 | ||
| P/B | 2.21 | ||
| P/tB | 3.12 | ||
| EV/EBITDA | 6.83 |
EPS(TTM)9.09
EY6.54%
EPS(NY)11.82
Fwd EY8.5%
FCF(TTM)8.15
FCFY5.86%
OCF(TTM)14.06
OCFY10.12%
SpS172.73
BVpS62.82
TBVpS44.56
PEG (NY)0.85
PEG (5Y)0.16
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.83% | ||
| ROE | 14.45% | ||
| ROCE | 15.97% | ||
| ROIC | 11.58% | ||
| ROICexc | 15.32% | ||
| ROICexgc | 22.37% | ||
| OM | 7.09% | ||
| PM (TTM) | 5.25% | ||
| GM | 52.57% | ||
| FCFM | 4.72% |
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-Score8
Asset Turnover1.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.01 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 107.25% | ||
| Cap/Sales | 3.42% | ||
| Interest Coverage | 58.35 | ||
| Cash Conversion | 79.18% | ||
| Profit Quality | 89.82% | ||
| Current Ratio | 1.36 | ||
| Quick Ratio | 1.1 | ||
| Altman-Z | N/A |
F-Score8
WACC7.04%
ROIC/WACC1.64
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)26.6%
EPS 3Y25.19%
EPS 5Y96.42%
EPS Q2Q%15.38%
EPS Next Y18.02%
EPS Next 2Y16.09%
EPS Next 3Y14.61%
EPS Next 5Y12.18%
Revenue 1Y (TTM)14.42%
Revenue growth 3Y13.35%
Revenue growth 5Y5.98%
Sales Q2Q%13.06%
Revenue Next Year8.08%
Revenue Next 2Y7.33%
Revenue Next 3Y7.1%
Revenue Next 5Y6.04%
EBIT growth 1Y29.71%
EBIT growth 3Y28.43%
EBIT growth 5Y39.26%
EBIT Next Year64.77%
EBIT Next 3Y25.33%
EBIT Next 5Y14.07%
FCF growth 1Y0.15%
FCF growth 3Y3.15%
FCF growth 5YN/A
OCF growth 1Y15.52%
OCF growth 3Y8.72%
OCF growth 5Y35.97%