View ValuationKION GROUP 将来の成長Future 基準チェック /36KION GROUP利益と収益がそれぞれ年間21.4%と5.4%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に9.3% 21.6%なると予測されています。主要情報21.4%収益成長率21.56%EPS成長率Machinery 収益成長23.7%収益成長率5.4%将来の株主資本利益率9.32%アナリストカバレッジGood最終更新日04 May 2026今後の成長に関する最新情報お知らせ • May 02KION GROUP AG Provides Earnings Guidance for the Year 2025KION GROUP AG provided earnings guidance for the year 2025. For the year, the company expects Revenue to be €10,900 million - €11,700 million.すべての更新を表示Recent updatesUpcoming Dividend • May 22Upcoming dividend of €0.62 per shareEligible shareholders must have bought the stock before 29 May 2026. Payment date: 02 June 2026. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Italian dividend payers (4.5%). Higher than average of industry peers (1.0%).New Risk • May 05New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 16% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (7.8% average weekly change).Reported Earnings • May 05First quarter 2026 earnings released: EPS: €0.69 (vs €0.36 loss in 1Q 2025)First quarter 2026 results: EPS: €0.69 (up from €0.36 loss in 1Q 2025). Revenue: €2.77b (flat on 1Q 2025). Net income: €89.9m (up €137.7m from 1Q 2025). Profit margin: 3.2% (up from net loss in 1Q 2025). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Machinery industry in Italy. Over the last 3 years on average, earnings per share has increased by 8% per year and the company’s share price has also increased by 8% per year.Declared Dividend • Apr 19Dividend reduced to €0.62Dividend of €0.62 is 24% lower than last year. Ex-date: 29th May 2026 Payment date: 2nd June 2026 Dividend yield will be 1.3%, which is higher than the industry average of 1.1%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has increased by an average of 1.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 119% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Apr 17+ 1 more updateKION GROUP AG, Annual General Meeting, May 28, 2026KION GROUP AG, Annual General Meeting, May 28, 2026, at 10:00 W. Europe Standard Time.Valuation Update With 7 Day Price Move • Mar 09Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €48.76, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 17x in the Machinery industry in Italy. Total returns to shareholders of 63% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €87.31 per share.New Risk • Feb 28New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 72% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (72% net debt to equity). Profit margins are more than 30% lower than last year (2.0% net profit margin).Reported Earnings • Feb 27Full year 2025 earnings released: EPS: €1.76 (vs €2.75 in FY 2024)Full year 2025 results: EPS: €1.76 (down from €2.75 in FY 2024). Revenue: €11.3b (down 1.8% from FY 2024). Net income: €230.1m (down 36% from FY 2024). Profit margin: 2.0% (down from 3.1% in FY 2024). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Machinery industry in Italy. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 17% per year.Buy Or Sell Opportunity • Feb 11Now 21% undervaluedThe stock has been flat over the last 90 days, currently trading at €63.40. The fair value is estimated to be €79.75, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 5.2% per annum. Earnings are also forecast to grow by 37% per annum over the same time period.お知らせ • Dec 12+ 2 more updatesKION GROUP AG to Report Q2, 2026 Results on Jul 30, 2026KION GROUP AG announced that they will report Q2, 2026 results on Jul 30, 2026New Risk • Nov 02New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 17% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company.お知らせ • Oct 14KION GROUP AG to Report Fiscal Year 2025 Results on Feb 26, 2026KION GROUP AG announced that they will report fiscal year 2025 results on Feb 26, 2026Reported Earnings • Aug 01Second quarter 2025 earnings released: EPS: €0.72 (vs €0.52 in 2Q 2024)Second quarter 2025 results: EPS: €0.72 (up from €0.52 in 2Q 2024). Revenue: €2.71b (down 5.9% from 2Q 2024). Net income: €94.5m (up 39% from 2Q 2024). Profit margin: 3.5% (up from 2.4% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Italy. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.New Risk • Jul 04New major risk - Revenue and earnings growthEarnings have declined by 5.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Earnings have declined by 5.6% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (1.8% net profit margin).New Risk • Jun 25New major risk - Revenue and earnings growthEarnings have declined by 5.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Earnings have declined by 5.6% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (1.8% net profit margin).お知らせ • May 29+ 1 more updateKION GROUP AG Approves DividendKION GROUP AG announced that the majority of shareholders approved all of the proposals put forward by the Supervisory Board and Executive Board, including the dividend distribution of €0.82 per share (previous year: €0.70 per share), which corresponds to a payout ratio of around 30%.Upcoming Dividend • May 21Upcoming dividend of €0.82 per shareEligible shareholders must have bought the stock before 28 May 2025. Payment date: 30 May 2025. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Italian dividend payers (5.3%). Higher than average of industry peers (1.6%).New Risk • May 04New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 17% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (9.4% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (1.8% net profit margin).お知らせ • May 02KION GROUP AG Provides Earnings Guidance for the Year 2025KION GROUP AG provided earnings guidance for the year 2025. For the year, the company expects Revenue to be €10,900 million - €11,700 million.Reported Earnings • May 02First quarter 2025 earnings released: €0.36 loss per share (vs €0.83 profit in 1Q 2024)First quarter 2025 results: €0.36 loss per share (down from €0.83 profit in 1Q 2024). Revenue: €2.79b (down 2.5% from 1Q 2024). Net loss: €47.8m (down 144% from profit in 1Q 2024). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Italy. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.お知らせ • Apr 09KION GROUP AG Announces Board ChangesKION GROUP AG announced the current Chairman of the Supervisory Board, Hans Peter Ring, will not be available for re-election at the Annual General Meeting when his term of office expires on May 27, 2025. The candidate to succeed him is Dr. Mohsen Sohi. Dr. Sohi, born in 1959, is currently CEO of Freudenberg SE and Spokesman of the Board of Management of Freudenberg & Co. Kommanditgesellschaft and has extensive experience in the management of internationally oriented companies. Previously, Dr. Sohi was President and CEO of Freudenberg-NOK General Partnership in Plymouth, Michigan (USA) and held executive positions at NCR Corporation and Honeywell. He holds an MBA from the Wharton School of Management, University of Pennsylvania, Philadelphia (USA) and a Doctor of Science in Mechanical Engineering from Washington University, St. Louis, Missouri (USA). The terms of office of Supervisory Board members Jiang Kui, Dr. Christina Reuter and Xu Ping will also end on 27 May 2025. Jiang Kui is available for a further term. In addition, Dr. Nicolas Peter will resign from his office as a member of the Supervisory Board with effect from the end of the Annual General Meeting on 27 May 2025. Additionally, the election of Dr. Sun Shaojun, who was appointed to the Supervisory Board in October 2024 is on the agenda. Elections of six shareholder representatives to the Supervisory Board are therefore required at the Annual General Meeting.お知らせ • Apr 08KION GROUP AG, Annual General Meeting, May 27, 2025KION GROUP AG, Annual General Meeting, May 27, 2025, at 10:00 W. Europe Standard Time.Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to €31.55, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 12x in the Machinery industry in Italy. Total loss to shareholders of 40% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €61.48 per share.業績と収益の成長予測BIT:1KGX - アナリストの将来予測と過去の財務データ ( )EUR Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/202813,0246478231,2481112/31/202712,4495617091,1341412/31/202611,7444156921,062143/31/202611,2813687511,124N/A12/31/202511,2972307361,132N/A9/30/202511,2682727141,152N/A6/30/202511,2632306941,147N/A3/31/202511,4322046961,157N/A12/31/202411,5033607081,171N/A9/30/202411,5223327901,240N/A6/30/202411,5533406641,127N/A3/31/202411,5123436551,110N/A12/31/202311,4343067011,144N/A9/30/202311,240258570981N/A6/30/202311,21627391471N/A3/31/202311,18291-195182N/A12/31/202211,13698-729-346N/A9/30/202211,004205-574-187N/A6/30/202210,863246-36511N/A3/31/202210,654511-162195N/A12/31/202110,294568548882N/A9/30/20219,875503405698N/A6/30/20219,382452690967N/A3/31/20218,689283659920N/A12/31/20208,342215243527N/A9/30/20208,283255489778N/A6/30/20208,370289469774N/A3/31/20208,751431341654N/A12/31/20198,807455N/A846N/A9/30/20198,750493N/A744N/A6/30/20198,485471N/A731N/A3/31/20198,236424N/A835N/A12/31/20187,996400N/A766N/A9/30/20187,734444N/A640N/A6/30/20187,670425N/A578N/A3/31/20187,640450N/A650N/A12/31/20177,598421N/A712N/A9/30/20177,374306N/A562N/A6/30/20176,825294N/A576N/A3/31/20176,168253N/A506N/A12/31/20165,587246N/A414N/A9/30/20165,288236N/A297N/A6/30/20165,242220N/A360N/A3/31/20165,154209N/A431N/A12/31/20155,098217N/A455N/A9/30/20154,963202N/A652N/A6/30/20154,865210N/A624N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 1KGXの予測収益成長率 (年間21.4% ) は 貯蓄率 ( 3.3% ) を上回っています。収益対市場: 1KGXの収益 ( 21.4% ) はItalian市場 ( 11.1% ) よりも速いペースで成長すると予測されています。高成長収益: 1KGXの収益は今後 3 年間で 大幅に 増加すると予想されています。収益対市場: 1KGXの収益 ( 5.4% ) Italian市場 ( 5.8% ) よりも低い成長が予測されています。高い収益成長: 1KGXの収益 ( 5.4% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 1KGXの 自己資本利益率 は、3年後には低くなると予測されています ( 9.3 %)。成長企業の発掘7D1Y7D1Y7D1YCapital-goods 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/24 14:29終値2026/05/22 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋KION GROUP AG 14 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。29 アナリスト機関Timothy LeeBarclaysLasse StuebenBerenbergPhilippe LorrainBernstein26 その他のアナリストを表示
お知らせ • May 02KION GROUP AG Provides Earnings Guidance for the Year 2025KION GROUP AG provided earnings guidance for the year 2025. For the year, the company expects Revenue to be €10,900 million - €11,700 million.
Upcoming Dividend • May 22Upcoming dividend of €0.62 per shareEligible shareholders must have bought the stock before 29 May 2026. Payment date: 02 June 2026. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Italian dividend payers (4.5%). Higher than average of industry peers (1.0%).
New Risk • May 05New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 16% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (7.8% average weekly change).
Reported Earnings • May 05First quarter 2026 earnings released: EPS: €0.69 (vs €0.36 loss in 1Q 2025)First quarter 2026 results: EPS: €0.69 (up from €0.36 loss in 1Q 2025). Revenue: €2.77b (flat on 1Q 2025). Net income: €89.9m (up €137.7m from 1Q 2025). Profit margin: 3.2% (up from net loss in 1Q 2025). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Machinery industry in Italy. Over the last 3 years on average, earnings per share has increased by 8% per year and the company’s share price has also increased by 8% per year.
Declared Dividend • Apr 19Dividend reduced to €0.62Dividend of €0.62 is 24% lower than last year. Ex-date: 29th May 2026 Payment date: 2nd June 2026 Dividend yield will be 1.3%, which is higher than the industry average of 1.1%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has increased by an average of 1.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 119% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Apr 17+ 1 more updateKION GROUP AG, Annual General Meeting, May 28, 2026KION GROUP AG, Annual General Meeting, May 28, 2026, at 10:00 W. Europe Standard Time.
Valuation Update With 7 Day Price Move • Mar 09Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to €48.76, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 17x in the Machinery industry in Italy. Total returns to shareholders of 63% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €87.31 per share.
New Risk • Feb 28New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 72% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (72% net debt to equity). Profit margins are more than 30% lower than last year (2.0% net profit margin).
Reported Earnings • Feb 27Full year 2025 earnings released: EPS: €1.76 (vs €2.75 in FY 2024)Full year 2025 results: EPS: €1.76 (down from €2.75 in FY 2024). Revenue: €11.3b (down 1.8% from FY 2024). Net income: €230.1m (down 36% from FY 2024). Profit margin: 2.0% (down from 3.1% in FY 2024). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Machinery industry in Italy. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 17% per year.
Buy Or Sell Opportunity • Feb 11Now 21% undervaluedThe stock has been flat over the last 90 days, currently trading at €63.40. The fair value is estimated to be €79.75, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 5.2% per annum. Earnings are also forecast to grow by 37% per annum over the same time period.
お知らせ • Dec 12+ 2 more updatesKION GROUP AG to Report Q2, 2026 Results on Jul 30, 2026KION GROUP AG announced that they will report Q2, 2026 results on Jul 30, 2026
New Risk • Nov 02New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 17% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company.
お知らせ • Oct 14KION GROUP AG to Report Fiscal Year 2025 Results on Feb 26, 2026KION GROUP AG announced that they will report fiscal year 2025 results on Feb 26, 2026
Reported Earnings • Aug 01Second quarter 2025 earnings released: EPS: €0.72 (vs €0.52 in 2Q 2024)Second quarter 2025 results: EPS: €0.72 (up from €0.52 in 2Q 2024). Revenue: €2.71b (down 5.9% from 2Q 2024). Net income: €94.5m (up 39% from 2Q 2024). Profit margin: 3.5% (up from 2.4% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Italy. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
New Risk • Jul 04New major risk - Revenue and earnings growthEarnings have declined by 5.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Earnings have declined by 5.6% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (1.8% net profit margin).
New Risk • Jun 25New major risk - Revenue and earnings growthEarnings have declined by 5.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Earnings have declined by 5.6% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (1.8% net profit margin).
お知らせ • May 29+ 1 more updateKION GROUP AG Approves DividendKION GROUP AG announced that the majority of shareholders approved all of the proposals put forward by the Supervisory Board and Executive Board, including the dividend distribution of €0.82 per share (previous year: €0.70 per share), which corresponds to a payout ratio of around 30%.
Upcoming Dividend • May 21Upcoming dividend of €0.82 per shareEligible shareholders must have bought the stock before 28 May 2025. Payment date: 30 May 2025. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Italian dividend payers (5.3%). Higher than average of industry peers (1.6%).
New Risk • May 04New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 17% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (9.4% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (1.8% net profit margin).
お知らせ • May 02KION GROUP AG Provides Earnings Guidance for the Year 2025KION GROUP AG provided earnings guidance for the year 2025. For the year, the company expects Revenue to be €10,900 million - €11,700 million.
Reported Earnings • May 02First quarter 2025 earnings released: €0.36 loss per share (vs €0.83 profit in 1Q 2024)First quarter 2025 results: €0.36 loss per share (down from €0.83 profit in 1Q 2024). Revenue: €2.79b (down 2.5% from 1Q 2024). Net loss: €47.8m (down 144% from profit in 1Q 2024). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Italy. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
お知らせ • Apr 09KION GROUP AG Announces Board ChangesKION GROUP AG announced the current Chairman of the Supervisory Board, Hans Peter Ring, will not be available for re-election at the Annual General Meeting when his term of office expires on May 27, 2025. The candidate to succeed him is Dr. Mohsen Sohi. Dr. Sohi, born in 1959, is currently CEO of Freudenberg SE and Spokesman of the Board of Management of Freudenberg & Co. Kommanditgesellschaft and has extensive experience in the management of internationally oriented companies. Previously, Dr. Sohi was President and CEO of Freudenberg-NOK General Partnership in Plymouth, Michigan (USA) and held executive positions at NCR Corporation and Honeywell. He holds an MBA from the Wharton School of Management, University of Pennsylvania, Philadelphia (USA) and a Doctor of Science in Mechanical Engineering from Washington University, St. Louis, Missouri (USA). The terms of office of Supervisory Board members Jiang Kui, Dr. Christina Reuter and Xu Ping will also end on 27 May 2025. Jiang Kui is available for a further term. In addition, Dr. Nicolas Peter will resign from his office as a member of the Supervisory Board with effect from the end of the Annual General Meeting on 27 May 2025. Additionally, the election of Dr. Sun Shaojun, who was appointed to the Supervisory Board in October 2024 is on the agenda. Elections of six shareholder representatives to the Supervisory Board are therefore required at the Annual General Meeting.
お知らせ • Apr 08KION GROUP AG, Annual General Meeting, May 27, 2025KION GROUP AG, Annual General Meeting, May 27, 2025, at 10:00 W. Europe Standard Time.
Valuation Update With 7 Day Price Move • Apr 04Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to €31.55, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 12x in the Machinery industry in Italy. Total loss to shareholders of 40% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €61.48 per share.