View ValuationKnorr-Bremse 향후 성장Future 기준 점검 3/6Knorr-Bremse (는) 각각 연간 18.5% 및 5.5% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 19% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 22.3% 로 예상됩니다.핵심 정보18.5%이익 성장률19.02%EPS 성장률Machinery 이익 성장22.1%매출 성장률5.5%향후 자기자본이익률22.34%애널리스트 커버리지Good마지막 업데이트11 Aug 2026최근 향후 성장 업데이트공고 • Aug 01Knorr-Bremse AG Raises Earnings Guidance for 2026Knorr-Bremse AG raised earnings guidance for 2026. Based on a strong first half of 2026 and a positive outlook for the remainder of the year, Knorr-Bremse is raising its operating guidance for fiscal 2026. The assumption remains that the crisis in the Middle East will not escalate or persist, particularly with regard to supply chain disruptions. In addition to the effects of the acquisition of duagon, the guidance is based on the company’s current portfolio. The company now expects revenues of between €8,100 million and €8,300 million (previously: €8,000 million to €8,300 million), an operating EBIT margin of 14.0% to 14.5% (previously: around 14%).공고 • Feb 21Knorr-Bremse Ag Provides Earnings Guidance for the Year 2026Knorr-Bremse AG provided earnings guidance for the year 2026. For the period, the company Assuming that the geopolitical and macroeconomic environments remain stable, the company expects revenues between €8,000 million and €8,300 million, an operating EBIT margin of around 14%.Price Target Changed • Dec 30Price target increased by 7.3% to €96.18Up from €89.67, the current price target is an average from 15 analysts. New target price is approximately in line with last closing price of €94.30. Stock is up 35% over the past year. The company posted earnings per share of €2.76 last year.공고 • Oct 31Knorr-Bremse AG Confirms Earnings Guidance for 2025Knorr-Bremse AG confirmed earnings Guidance for 2025. For the year, the company expects revenues of between €7,800 million and €8,100 million, an operating EBIT margin of 12.5% to 13.5%.공고 • Feb 22Knorr-Bremse AG Provides Earnings Guidance for the Year 2025Knorr-Bremse AG provided earnings guidance for the year 2025. For the year, the company expects revenue range of EUR 8.1 billion to EUR 8.4 billion despite more than EUR 200 million of this investment last year. Operating EBIT margin between 12.5% and 13.5%.Price Target Changed • Aug 17Price target decreased to €68.57Down from €75.79, the current price target is an average from 14 analysts. New target price is 28% above last closing price of €53.70. Stock is down 46% over the past year. The company is forecast to post earnings per share of €3.12 for next year compared to €3.85 last year.모든 업데이트 보기Recent updatesBuy Or Sell Opportunity • 3hNow 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.8% to €98.05. The fair value is estimated to be €123, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 55% in the next 2 years.공고 • Aug 01Knorr-Bremse AG Raises Earnings Guidance for 2026Knorr-Bremse AG raised earnings guidance for 2026. Based on a strong first half of 2026 and a positive outlook for the remainder of the year, Knorr-Bremse is raising its operating guidance for fiscal 2026. The assumption remains that the crisis in the Middle East will not escalate or persist, particularly with regard to supply chain disruptions. In addition to the effects of the acquisition of duagon, the guidance is based on the company’s current portfolio. The company now expects revenues of between €8,100 million and €8,300 million (previously: €8,000 million to €8,300 million), an operating EBIT margin of 14.0% to 14.5% (previously: around 14%).Reported Earnings • Jul 31Second quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2026 results: EPS: €1.08 (up from €0.84 in 2Q 2025). Revenue: €2.16b (up 7.0% from 2Q 2025). Net income: €173.0m (up 24% from 2Q 2025). Profit margin: 8.0% (up from 6.9% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 3.4%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings.Buy Or Sell Opportunity • Jul 13Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.4% to €101. The fair value is estimated to be €128, 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 declined by 2.7%. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 61% in the next 2 years.Buy Or Sell Opportunity • Jun 26Now 21% undervaluedOver the last 90 days, the stock has risen 4.3% to €100. The fair value is estimated to be €127, 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 declined by 2.7%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 60% in the next 2 years.Buy Or Sell Opportunity • Jun 05Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 5.0% to €99.70. The fair value is estimated to be €125, 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 declined by 2.7%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 59% in the next 2 years.공고 • May 06Knorr-Bremse AG (XTRA:KBX) completed the acquisition of TRAVIS Road Services International B.V.Knorr-Bremse AG (XTRA:KBX) agreed to acquire TRAVIS Road Services International B.V. on October 20, 2025. The purchase price amounts to a mid-double-digit million-euro sum. The closing is expected to take place by the end of Q1 2026. Knorr-Bremse AG (XTRA:KBX) completed the acquisition of TRAVIS Road Services International B.V. on May 4, 2026.공고 • Mar 20+ 1 more updateKnorr-Bremse AG, Annual General Meeting, Apr 30, 2026Knorr-Bremse AG, Annual General Meeting, Apr 30, 2026, at 10:00 W. Europe Standard Time.공고 • Feb 21Knorr-Bremse Ag Provides Earnings Guidance for the Year 2026Knorr-Bremse AG provided earnings guidance for the year 2026. For the period, the company Assuming that the geopolitical and macroeconomic environments remain stable, the company expects revenues between €8,000 million and €8,300 million, an operating EBIT margin of around 14%.Price Target Changed • Dec 30Price target increased by 7.3% to €96.18Up from €89.67, the current price target is an average from 15 analysts. New target price is approximately in line with last closing price of €94.30. Stock is up 35% over the past year. The company posted earnings per share of €2.76 last year.공고 • Dec 18+ 4 more updatesKnorr-Bremse AG to Report Q1, 2026 Results on May 07, 2026Knorr-Bremse AG announced that they will report Q1, 2026 results on May 07, 2026공고 • Oct 31Knorr-Bremse AG Confirms Earnings Guidance for 2025Knorr-Bremse AG confirmed earnings Guidance for 2025. For the year, the company expects revenues of between €7,800 million and €8,100 million, an operating EBIT margin of 12.5% to 13.5%.공고 • Oct 22Knorr-Bremse AG (XTRA:KBX) agreed to acquire TRAVIS Road Services International B.V.Knorr-Bremse AG (XTRA:KBX) agreed to acquire TRAVIS Road Services International B.V. on October 20, 2025. The purchase price amounts to a mid-double-digit million-euro sum. The closing is expected to take place by the end of Q1 2026.공고 • Sep 26Knorr-Bremse AG (XTRA:KBX) entered into agreement to acquire Duagon AG from DBAG Fund VII managed by Deutsche Beteiligungs AG (XTRA:DBAN) and others for €500 million.Knorr-Bremse AG (XTRA:KBX) entered into agreement to acquire Duagon AG from DBAG Fund VII managed by Deutsche Beteiligungs AG (XTRA:DBAN) and others for €500 million on September 25, 2025. A cash consideration of €500 million will be paid by Knorr-Bremse AG. As part of consideration, €500 million is paid towards common equity of Duagon AG. The purchase price can increase moderately due to a potential performance bonus based on the achievement of predefined target. The consideration will initially be financed from available liquidity and existing credit lines. Knorr-Bremse expects EBIT-effective run-rate synergies of between €5 million and €10 million as of 2028 from the deal. The closing is subject to the customary regulatory approvals. Christoph Neeracher, Philippe Seiler, Therry Lehmann, Yascha Fengler, Thomas Rohde, Rahel Brüschweiler, David Mark, Susanne Schreiber, Martin Leu, Markus Wang, Christine Schweikard, Mani Reinert, Martin Werner and Christian Kunz of Bär & Karrer Ltd. acted as legal advisor to Deutsche Beteiligungs AG.공고 • May 02+ 1 more updateKnorr-Bremse’s AG Announces Supervisory Board ChangesKnorr-Bremse AG at its Annual General Meeting elected Stephan Sturm, CEO of the Heinz Hermann Thiele Family Trust, as a new member of the Supervisory Board. With Julia Thiele-Schürhoff and Mr. Sturm, two of the twelve seats on the Supervisory Board at Knorr-Bremse are now held by representatives of the Family Trust. Mr. Sturm succeeds Dr. Theodor Weimer, who resigned at his own request and in amicable agreement with the Supervisory Board and the Family Trust and has stepped down from the Supervisory Board.공고 • Mar 23Knorr-Bremse AG announces Annual dividend, payable on May 06, 2025Knorr-Bremse AG announced Annual dividend of EUR 1.7500 per share payable on May 06, 2025, ex-date on May 01, 2025 and record date on May 05, 2025.공고 • Mar 22Dr. Theodor Weimer Steps Down as Member and Deputy Chairman of the Supervisory Board of Knorr-Bremse AGKnorr-Bremse AG announced Dr. Theodor Weimer, who will step down as member and Deputy Chairman of the Supervisory Board at the Annual General Meeting.공고 • Mar 05Knorr-Bremse AG to Report Q2, 2025 Results on Jul 31, 2025Knorr-Bremse AG announced that they will report Q2, 2025 results on Jul 31, 2025공고 • Feb 22Knorr-Bremse AG Provides Earnings Guidance for the Year 2025Knorr-Bremse AG provided earnings guidance for the year 2025. For the year, the company expects revenue range of EUR 8.1 billion to EUR 8.4 billion despite more than EUR 200 million of this investment last year. Operating EBIT margin between 12.5% and 13.5%.공고 • Jan 23RCapital Partners LLP acquired G T Emissions Systems Limited from Knorr-Bremse AG (XTRA:KBX).RCapital Partners LLP agreed to acquire G T Emissions Systems Limited from Knorr-Bremse AG (XTRA:KBX) on August 5, 2024. With this sale, Knorr-Bremse is actively advancing its portfolio optimization with a clear focus on strategic fit and performance. The global Engine Air portfolio of GT Emissions Systems comprises exhaust throttle and exhaust gas recirculation valves, among other things. The company supplies leading manufacturers with emission control systems for diesel engines in on- and off-highway vehicles. GT Emissions Systems’ solutions make a key contribution for diesel engine manufacturers to meet the international emission standards that apply to them. GT Emissions Systems’ sales in the 2023 fiscal year came to approximately €70 million. The transaction is expected to close in the fourth quarter. RCapital Partners LLP completed the acquisition of G T Emissions Systems Limited from Knorr-Bremse AG (XTRA:KBX) on January 22, 2025.공고 • Dec 13+ 3 more updatesKnorr-Bremse AG to Report Q3, 2025 Results on Oct 30, 2025Knorr-Bremse AG announced that they will report Q3, 2025 results on Oct 30, 2025Reported Earnings • Nov 01Third quarter 2024 earnings: EPS misses analyst expectationsThird quarter 2024 results: EPS: €0.81 (up from €0.79 in 3Q 2023). Revenue: €1.94b (down 1.4% from 3Q 2023). Net income: €129.9m (up 2.4% from 3Q 2023). Profit margin: 6.7% (up from 6.5% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.4%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.공고 • Sep 02Knorr-Bremse AG (XTRA:KBX) completed the acquisition of North American conventional signalling business from Alstom SA (ENXTPA:ALO) for approximately €625 million.Knorr-Bremse AG (XTRA:KBX) entered into a binding agreement to acquire North American conventional signalling business from Alstom SA (ENXTPA:ALO) for approximately €630 million on April 19, 2024. Alstom will continue to serve the North American signalling market on different segments, notably with Communications Based Train Control (CBTC) and European Train Control System (ETCS) solutions. Closing of the transaction is only subject to customary conditions, including regulatory approval, and is expected to take place as soon as Summer 2024. Crédit Agricole Corporate and Investment Bank Société Anonyme act as financial advisor, White & Case LLP (Paris) act as legal advisor, Accuracy SAS act as financial du diligence provider, Cleary Gottlieb Steen & Hamilton LLP as antitrust advisor for Alstom SA (ENXTPA:ALO). J.P. Morgan & Cie S.A.S. acted as the financial advisor to Alstom SA. Knorr-Bremse AG (XTRA:KBX) completed the acquisition of North American conventional signalling business from Alstom SA (ENXTPA:ALO) for approximately €625 million on September 2, 2024.Reported Earnings • Aug 09Second quarter 2024 earnings: EPS misses analyst expectationsSecond quarter 2024 results: EPS: €0.90 (up from €0.75 in 2Q 2023). Revenue: €2.04b (flat on 2Q 2023). Net income: €144.3m (up 19% from 2Q 2023). Profit margin: 7.1% (up from 6.0% in 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.1%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings.공고 • Aug 06RCapital Partners LLP agreed to acquire G T Emissions Systems Limited from Knorr-Bremse AG (XTRA:KBX).RCapital Partners LLP agreed to acquire G T Emissions Systems Limited from Knorr-Bremse AG (XTRA:KBX) on August 5, 2024. With this sale, Knorr-Bremse is actively advancing its portfolio optimization with a clear focus on strategic fit and performance. The global Engine Air portfolio of GT Emissions Systems comprises exhaust throttle and exhaust gas recirculation valves, among other things. The company supplies leading manufacturers with emission control systems for diesel engines in on- and off-highway vehicles. GT Emissions Systems’ solutions make a key contribution for diesel engine manufacturers to meet the international emission standards that apply to them. GT Emissions Systems’ sales in the 2023 fiscal year came to approximately €70 million. The transaction is expected to close in the fourth quarter.Reported Earnings • May 09First quarter 2024 earnings released: EPS: €0.95 (vs €0.77 in 1Q 2023)First quarter 2024 results: EPS: €0.95 (up from €0.77 in 1Q 2023). Revenue: €2.01b (up 3.7% from 1Q 2023). Net income: €153.7m (up 23% from 1Q 2023). Profit margin: 7.7% (up from 6.4% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings.Upcoming Dividend • Apr 25Upcoming dividend of €1.64 per shareEligible shareholders must have bought the stock before 02 May 2024. Payment date: 06 May 2024. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.2%).Buy Or Sell Opportunity • Mar 29Now 20% undervaluedOver the last 90 days, the stock has risen 19% to €70.26. The fair value is estimated to be €88.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Earnings per share has declined by 3.8%. For the next 3 years, revenue is forecast to grow by 2.3% per annum. Earnings are also forecast to grow by 9.6% per annum over the same time period.Declared Dividend • Mar 24Dividend of €1.64 announcedShareholders will receive a dividend of €1.64. Ex-date: 2nd May 2024 Payment date: 6th May 2024 Dividend yield will be 2.4%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (48% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has decreased over the past 56 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 31% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Mar 22Full year 2023 earnings released: EPS: €3.43 (vs €3.03 in FY 2022)Full year 2023 results: EPS: €3.43 (up from €3.03 in FY 2022). Revenue: €8.04b (up 11% from FY 2022). Net income: €552.5m (up 13% from FY 2022). Profit margin: 6.9% (up from 6.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings.Buy Or Sell Opportunity • Mar 07Now 20% undervaluedOver the last 90 days, the stock has risen 15% to €66.10. The fair value is estimated to be €83.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.9% over the last 3 years. Earnings per share has declined by 4.0%. For the next 3 years, revenue is forecast to grow by 2.7% per annum. Earnings are also forecast to grow by 12% per annum over the same time period.공고 • Nov 28+ 5 more updatesKnorr-Bremse AG to Report Q3, 2024 Results on Oct 31, 2024Knorr-Bremse AG announced that they will report Q3, 2024 results on Oct 31, 2024Reported Earnings • Oct 31Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2023 results: EPS: €0.79 (down from €0.90 in 3Q 2022). Revenue: €1.96b (up 7.9% from 3Q 2022). Net income: €126.8m (down 13% from 3Q 2022). Profit margin: 6.5% (down from 8.0% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates by 16%. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings.Reported Earnings • Aug 11Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2023 results: EPS: €0.74 (up from €0.65 in 2Q 2022). Revenue: €2.04b (up 16% from 2Q 2022). Net income: €119.1m (up 13% from 2Q 2022). Profit margin: 5.9% (down from 6.0% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 7.9%. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings.Reported Earnings • May 12First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2023 results: EPS: €0.77 (in line with 1Q 2022). Revenue: €1.93b (up 14% from 1Q 2022). Net income: €124.7m (up 1.0% from 1Q 2022). Profit margin: 6.4% (down from 7.3% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) missed analyst estimates by 3.3%. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 6% per year.Upcoming Dividend • May 01Upcoming dividend of €1.45 per share at 2.3% yieldEligible shareholders must have bought the stock before 08 May 2023. Payment date: 10 May 2023. Payout ratio is a comfortable 48% but the company is paying out more than the cash it is generating. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (2.8%).Reported Earnings • Mar 25Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: EPS: €3.03 (down from €3.85 in FY 2021). Revenue: €7.25b (up 6.9% from FY 2021). Net income: €487.7m (down 22% from FY 2021). Profit margin: 6.7% (down from 9.2% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.1%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.공고 • Feb 03Knorr-Bremse AG to Report Fiscal Year 2022 Final Results on Mar 23, 2023Knorr-Bremse AG announced that they will report fiscal year 2022 final results at 9:00 AM, Central European Standard Time on Mar 23, 2023Buying Opportunity • Jan 28Now 20% undervaluedOver the last 90 days, the stock is up 33%. The fair value is estimated to be €75.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings is also forecast to grow by 12% per annum over the same time period.Buying Opportunity • Jan 11Now 22% undervaluedOver the last 90 days, the stock is up 33%. The fair value is estimated to be €74.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings is also forecast to grow by 12% per annum over the same time period.Valuation Update With 7 Day Price Move • Jan 10Investor sentiment improved over the past weekAfter last week's 18% share price gain to €60.02, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 13x in the Machinery industry in Germany. Total loss to shareholders of 33% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €74.27 per share.공고 • Dec 06+ 3 more updatesKnorr-Bremse Aktiengesellschaft to Report Q1, 2023 Results on May 11, 2023Knorr-Bremse Aktiengesellschaft announced that they will report Q1, 2023 results on May 11, 2023Reported Earnings • Nov 16Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: €0.90 (down from €0.91 in 3Q 2021). Revenue: €1.82b (up 13% from 3Q 2021). Net income: €145.0m (flat on 3Q 2021). Profit margin: 8.0% (down from 9.1% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.Reported Earnings • Nov 11Third quarter 2022 earnings releasedThird quarter 2022 results: Net income: (down €145.9m from profit in 3Q 2021). Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.Price Target Changed • Aug 17Price target decreased to €68.57Down from €75.79, the current price target is an average from 14 analysts. New target price is 28% above last closing price of €53.70. Stock is down 46% over the past year. The company is forecast to post earnings per share of €3.12 for next year compared to €3.85 last year.Reported Earnings • Aug 13Second quarter 2022 earnings: EPS misses analyst expectationsSecond quarter 2022 results: EPS: €0.65 (down from €1.02 in 2Q 2021). Revenue: €1.76b (flat on 2Q 2021). Net income: €105.9m (down 36% from 2Q 2021). Profit margin: 6.0% (down from 9.4% in 2Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 14%. Over the next year, revenue is forecast to grow 5.4%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings.Upcoming Dividend • May 18Upcoming dividend of €1.85 per shareEligible shareholders must have bought the stock before 25 May 2022. Payment date: 30 May 2022. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.3%). In line with average of industry peers (2.5%).Reported Earnings • May 13First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: €0.77 (down from €1.05 in 1Q 2021). Revenue: €1.69b (down 1.0% from 1Q 2021). Net income: €126.1m (down 25% from 1Q 2021). Profit margin: 7.4% (down from 9.9% in 1Q 2021). Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 7.3%. Over the next year, revenue is forecast to grow 5.6%, compared to a 9.1% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings.Reported Earnings • Apr 04Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: €3.85 (up from €3.07 in FY 2020). Revenue: €6.79b (up 8.9% from FY 2020). Net income: €621.3m (up 25% from FY 2020). Profit margin: 9.2% (up from 7.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.2%. Over the next year, revenue is forecast to grow 3.7%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 9% per year, which means it is performing significantly worse than earnings.Valuation Update With 7 Day Price Move • Mar 05Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to €68.00, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 12x in the Machinery industry in Germany. Total loss to shareholders of 14% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €93.70 per share.Buying Opportunity • Mar 02Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 15%. The fair value is estimated to be €95.22, 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 been flat over the last 3 years.Reported Earnings • Feb 25Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: €3.87 (up from €3.07 in FY 2020). Revenue: €6.79b (up 8.9% from FY 2020). Net income: €624.3m (up 26% from FY 2020). Profit margin: 9.2% (up from 7.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.2%. Over the next year, revenue is forecast to grow 5.0%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 4% per year.Reported Earnings • Nov 13Third quarter 2021 earnings released: EPS €0.91 (vs €0.82 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €1.61b (up 3.7% from 3Q 2020). Net income: €145.9m (up 10% from 3Q 2020). Profit margin: 9.1% (up from 8.5% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.Reported Earnings • Aug 14Second quarter 2021 earnings released: EPS €1.02 (vs €0.64 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €1.75b (up 21% from 2Q 2020). Net income: €164.1m (up 60% from 2Q 2020). Profit margin: 9.4% (up from 7.1% in 2Q 2020). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • Jul 02Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €94.24, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 21x in the Machinery industry in Germany. Total returns to shareholders of 6.8% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €84.65 per share.Reported Earnings • May 16First quarter 2021 earnings released: EPS €1.05 (vs €0.83 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €1.71b (up 3.9% from 1Q 2020). Net income: €169.1m (up 26% from 1Q 2020). Profit margin: 9.9% (up from 8.2% in 1Q 2020). The increase in margin was driven by higher revenue.Upcoming Dividend • May 14Upcoming dividend of €1.52 per shareEligible shareholders must have bought the stock before 21 May 2021. Payment date: 26 May 2021. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.0%).Reported Earnings • Apr 02Full year 2020 earnings releasedThe company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €6.23b (down 11% from FY 2019). Net income: €495.5m (down 16% from FY 2019). Profit margin: 7.9% (down from 8.4% in FY 2019). The decrease in margin was driven by lower revenue.Executive Departure • Feb 24Honorary Chairman of the Supervisory Board Heinz Hermann Thiele has left the companyOn the 23rd of February, Heinz Hermann Thiele's tenure in the role of Honorary Chairman of the Supervisory Board ended. We don't have any record of a personal shareholding under Heinz's name. A total of 6 executives have left over the last 12 months.Is New 90 Day High Low • Jan 26New 90-day high: €117The company is up 18% from its price of €98.94 on 28 October 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €87.94 per share.Is New 90 Day High Low • Jan 08New 90-day high: €117The company is up 12% from its price of €104 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €87.83 per share.Is New 90 Day High Low • Dec 23New 90-day high: €110The company is up 11% from its price of €98.71 on 24 September 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Machinery industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €85.48 per share.Analyst Estimate Surprise Post Earnings • Nov 21Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Over the next year, revenue is forecast to grow 4.9%, compared to a 3.0% growth forecast for the Machinery industry in Germany.Reported Earnings • Nov 21Third quarter 2020 earnings released: EPS €0.82The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: €1.55b (down 10% from 3Q 2019). Net income: €132.1m (up 46% from 3Q 2019). Profit margin: 8.5% (up from 5.2% in 3Q 2019). The increase in margin was driven by lower expenses.이익 및 매출 성장 예측DB:KBX - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20289,2509509361,3661012/31/20278,7748678241,2431112/31/20268,3167217251,150146/30/20268,0305858941,241N/A3/31/20267,8885527771,116N/A12/31/20257,9065347861,116N/A9/30/20257,9194358021,119N/A6/30/20257,9534228211,145N/A3/31/20257,9704268311,156N/A12/31/20247,9964457011,042N/A9/30/20248,0866007041,068N/A6/30/20248,1136007501,118N/A3/31/20248,1105786251,004N/A12/31/20238,039553540915N/A9/30/20237,914496500848N/A6/30/20237,771511311663N/A3/31/20237,495495242594N/A12/31/20227,255489189542N/A9/30/20226,99651643455N/A6/30/20226,785517190599N/A3/31/20226,772576359758N/A12/31/20216,789621581975N/A9/30/20216,6556067981,155N/A6/30/20216,5985927971,141N/A3/31/20216,2975307131,060N/A12/31/20206,2334956741,036N/A9/30/20206,290524491801N/A6/30/20206,470482467794N/A3/31/20206,886540N/A900N/A12/31/20197,010588N/A986N/A9/30/20196,995561N/A956N/A6/30/20196,954653N/A787N/A3/31/20196,811628N/A733N/A12/31/20186,664593N/A726N/A9/30/20186,634650N/A674N/A6/30/20186,537583N/A729N/A3/31/20186,313564N/A661N/A12/31/20176,185536N/A680N/A12/31/20165,495485N/A709N/A12/31/20155,831568N/A913N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: KBX 의 연간 예상 수익 증가율(18.5%)이 saving rate(2.1%)보다 높습니다.수익 vs 시장: KBX 의 연간 수익(18.5%)이 German 시장(15.5%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: KBX 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: KBX 의 수익(연간 5.5%)이 German 시장(연간 6.7%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: KBX 의 수익(연간 5.5%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: KBX의 자본 수익률은 3년 후 22.3%로 높을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YCapital-goods 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/08/18 02:52종가2026/08/18 00:00수익2026/06/30연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Knorr-Bremse AG는 21명의 분석가가 다루고 있습니다. 이 중 14명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Vladimir SergievskiiBarclaysYasmin SteilenBerenbergChristoph BlieffertBNP Paribas18명의 분석가 더 보기
공고 • Aug 01Knorr-Bremse AG Raises Earnings Guidance for 2026Knorr-Bremse AG raised earnings guidance for 2026. Based on a strong first half of 2026 and a positive outlook for the remainder of the year, Knorr-Bremse is raising its operating guidance for fiscal 2026. The assumption remains that the crisis in the Middle East will not escalate or persist, particularly with regard to supply chain disruptions. In addition to the effects of the acquisition of duagon, the guidance is based on the company’s current portfolio. The company now expects revenues of between €8,100 million and €8,300 million (previously: €8,000 million to €8,300 million), an operating EBIT margin of 14.0% to 14.5% (previously: around 14%).
공고 • Feb 21Knorr-Bremse Ag Provides Earnings Guidance for the Year 2026Knorr-Bremse AG provided earnings guidance for the year 2026. For the period, the company Assuming that the geopolitical and macroeconomic environments remain stable, the company expects revenues between €8,000 million and €8,300 million, an operating EBIT margin of around 14%.
Price Target Changed • Dec 30Price target increased by 7.3% to €96.18Up from €89.67, the current price target is an average from 15 analysts. New target price is approximately in line with last closing price of €94.30. Stock is up 35% over the past year. The company posted earnings per share of €2.76 last year.
공고 • Oct 31Knorr-Bremse AG Confirms Earnings Guidance for 2025Knorr-Bremse AG confirmed earnings Guidance for 2025. For the year, the company expects revenues of between €7,800 million and €8,100 million, an operating EBIT margin of 12.5% to 13.5%.
공고 • Feb 22Knorr-Bremse AG Provides Earnings Guidance for the Year 2025Knorr-Bremse AG provided earnings guidance for the year 2025. For the year, the company expects revenue range of EUR 8.1 billion to EUR 8.4 billion despite more than EUR 200 million of this investment last year. Operating EBIT margin between 12.5% and 13.5%.
Price Target Changed • Aug 17Price target decreased to €68.57Down from €75.79, the current price target is an average from 14 analysts. New target price is 28% above last closing price of €53.70. Stock is down 46% over the past year. The company is forecast to post earnings per share of €3.12 for next year compared to €3.85 last year.
Buy Or Sell Opportunity • 3hNow 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 3.8% to €98.05. The fair value is estimated to be €123, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 55% in the next 2 years.
공고 • Aug 01Knorr-Bremse AG Raises Earnings Guidance for 2026Knorr-Bremse AG raised earnings guidance for 2026. Based on a strong first half of 2026 and a positive outlook for the remainder of the year, Knorr-Bremse is raising its operating guidance for fiscal 2026. The assumption remains that the crisis in the Middle East will not escalate or persist, particularly with regard to supply chain disruptions. In addition to the effects of the acquisition of duagon, the guidance is based on the company’s current portfolio. The company now expects revenues of between €8,100 million and €8,300 million (previously: €8,000 million to €8,300 million), an operating EBIT margin of 14.0% to 14.5% (previously: around 14%).
Reported Earnings • Jul 31Second quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2026 results: EPS: €1.08 (up from €0.84 in 2Q 2025). Revenue: €2.16b (up 7.0% from 2Q 2025). Net income: €173.0m (up 24% from 2Q 2025). Profit margin: 8.0% (up from 6.9% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 3.4%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings.
Buy Or Sell Opportunity • Jul 13Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.4% to €101. The fair value is estimated to be €128, 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 declined by 2.7%. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 61% in the next 2 years.
Buy Or Sell Opportunity • Jun 26Now 21% undervaluedOver the last 90 days, the stock has risen 4.3% to €100. The fair value is estimated to be €127, 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 declined by 2.7%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 60% in the next 2 years.
Buy Or Sell Opportunity • Jun 05Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 5.0% to €99.70. The fair value is estimated to be €125, 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 declined by 2.7%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 59% in the next 2 years.
공고 • May 06Knorr-Bremse AG (XTRA:KBX) completed the acquisition of TRAVIS Road Services International B.V.Knorr-Bremse AG (XTRA:KBX) agreed to acquire TRAVIS Road Services International B.V. on October 20, 2025. The purchase price amounts to a mid-double-digit million-euro sum. The closing is expected to take place by the end of Q1 2026. Knorr-Bremse AG (XTRA:KBX) completed the acquisition of TRAVIS Road Services International B.V. on May 4, 2026.
공고 • Mar 20+ 1 more updateKnorr-Bremse AG, Annual General Meeting, Apr 30, 2026Knorr-Bremse AG, Annual General Meeting, Apr 30, 2026, at 10:00 W. Europe Standard Time.
공고 • Feb 21Knorr-Bremse Ag Provides Earnings Guidance for the Year 2026Knorr-Bremse AG provided earnings guidance for the year 2026. For the period, the company Assuming that the geopolitical and macroeconomic environments remain stable, the company expects revenues between €8,000 million and €8,300 million, an operating EBIT margin of around 14%.
Price Target Changed • Dec 30Price target increased by 7.3% to €96.18Up from €89.67, the current price target is an average from 15 analysts. New target price is approximately in line with last closing price of €94.30. Stock is up 35% over the past year. The company posted earnings per share of €2.76 last year.
공고 • Dec 18+ 4 more updatesKnorr-Bremse AG to Report Q1, 2026 Results on May 07, 2026Knorr-Bremse AG announced that they will report Q1, 2026 results on May 07, 2026
공고 • Oct 31Knorr-Bremse AG Confirms Earnings Guidance for 2025Knorr-Bremse AG confirmed earnings Guidance for 2025. For the year, the company expects revenues of between €7,800 million and €8,100 million, an operating EBIT margin of 12.5% to 13.5%.
공고 • Oct 22Knorr-Bremse AG (XTRA:KBX) agreed to acquire TRAVIS Road Services International B.V.Knorr-Bremse AG (XTRA:KBX) agreed to acquire TRAVIS Road Services International B.V. on October 20, 2025. The purchase price amounts to a mid-double-digit million-euro sum. The closing is expected to take place by the end of Q1 2026.
공고 • Sep 26Knorr-Bremse AG (XTRA:KBX) entered into agreement to acquire Duagon AG from DBAG Fund VII managed by Deutsche Beteiligungs AG (XTRA:DBAN) and others for €500 million.Knorr-Bremse AG (XTRA:KBX) entered into agreement to acquire Duagon AG from DBAG Fund VII managed by Deutsche Beteiligungs AG (XTRA:DBAN) and others for €500 million on September 25, 2025. A cash consideration of €500 million will be paid by Knorr-Bremse AG. As part of consideration, €500 million is paid towards common equity of Duagon AG. The purchase price can increase moderately due to a potential performance bonus based on the achievement of predefined target. The consideration will initially be financed from available liquidity and existing credit lines. Knorr-Bremse expects EBIT-effective run-rate synergies of between €5 million and €10 million as of 2028 from the deal. The closing is subject to the customary regulatory approvals. Christoph Neeracher, Philippe Seiler, Therry Lehmann, Yascha Fengler, Thomas Rohde, Rahel Brüschweiler, David Mark, Susanne Schreiber, Martin Leu, Markus Wang, Christine Schweikard, Mani Reinert, Martin Werner and Christian Kunz of Bär & Karrer Ltd. acted as legal advisor to Deutsche Beteiligungs AG.
공고 • May 02+ 1 more updateKnorr-Bremse’s AG Announces Supervisory Board ChangesKnorr-Bremse AG at its Annual General Meeting elected Stephan Sturm, CEO of the Heinz Hermann Thiele Family Trust, as a new member of the Supervisory Board. With Julia Thiele-Schürhoff and Mr. Sturm, two of the twelve seats on the Supervisory Board at Knorr-Bremse are now held by representatives of the Family Trust. Mr. Sturm succeeds Dr. Theodor Weimer, who resigned at his own request and in amicable agreement with the Supervisory Board and the Family Trust and has stepped down from the Supervisory Board.
공고 • Mar 23Knorr-Bremse AG announces Annual dividend, payable on May 06, 2025Knorr-Bremse AG announced Annual dividend of EUR 1.7500 per share payable on May 06, 2025, ex-date on May 01, 2025 and record date on May 05, 2025.
공고 • Mar 22Dr. Theodor Weimer Steps Down as Member and Deputy Chairman of the Supervisory Board of Knorr-Bremse AGKnorr-Bremse AG announced Dr. Theodor Weimer, who will step down as member and Deputy Chairman of the Supervisory Board at the Annual General Meeting.
공고 • Mar 05Knorr-Bremse AG to Report Q2, 2025 Results on Jul 31, 2025Knorr-Bremse AG announced that they will report Q2, 2025 results on Jul 31, 2025
공고 • Feb 22Knorr-Bremse AG Provides Earnings Guidance for the Year 2025Knorr-Bremse AG provided earnings guidance for the year 2025. For the year, the company expects revenue range of EUR 8.1 billion to EUR 8.4 billion despite more than EUR 200 million of this investment last year. Operating EBIT margin between 12.5% and 13.5%.
공고 • Jan 23RCapital Partners LLP acquired G T Emissions Systems Limited from Knorr-Bremse AG (XTRA:KBX).RCapital Partners LLP agreed to acquire G T Emissions Systems Limited from Knorr-Bremse AG (XTRA:KBX) on August 5, 2024. With this sale, Knorr-Bremse is actively advancing its portfolio optimization with a clear focus on strategic fit and performance. The global Engine Air portfolio of GT Emissions Systems comprises exhaust throttle and exhaust gas recirculation valves, among other things. The company supplies leading manufacturers with emission control systems for diesel engines in on- and off-highway vehicles. GT Emissions Systems’ solutions make a key contribution for diesel engine manufacturers to meet the international emission standards that apply to them. GT Emissions Systems’ sales in the 2023 fiscal year came to approximately €70 million. The transaction is expected to close in the fourth quarter. RCapital Partners LLP completed the acquisition of G T Emissions Systems Limited from Knorr-Bremse AG (XTRA:KBX) on January 22, 2025.
공고 • Dec 13+ 3 more updatesKnorr-Bremse AG to Report Q3, 2025 Results on Oct 30, 2025Knorr-Bremse AG announced that they will report Q3, 2025 results on Oct 30, 2025
Reported Earnings • Nov 01Third quarter 2024 earnings: EPS misses analyst expectationsThird quarter 2024 results: EPS: €0.81 (up from €0.79 in 3Q 2023). Revenue: €1.94b (down 1.4% from 3Q 2023). Net income: €129.9m (up 2.4% from 3Q 2023). Profit margin: 6.7% (up from 6.5% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.4%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
공고 • Sep 02Knorr-Bremse AG (XTRA:KBX) completed the acquisition of North American conventional signalling business from Alstom SA (ENXTPA:ALO) for approximately €625 million.Knorr-Bremse AG (XTRA:KBX) entered into a binding agreement to acquire North American conventional signalling business from Alstom SA (ENXTPA:ALO) for approximately €630 million on April 19, 2024. Alstom will continue to serve the North American signalling market on different segments, notably with Communications Based Train Control (CBTC) and European Train Control System (ETCS) solutions. Closing of the transaction is only subject to customary conditions, including regulatory approval, and is expected to take place as soon as Summer 2024. Crédit Agricole Corporate and Investment Bank Société Anonyme act as financial advisor, White & Case LLP (Paris) act as legal advisor, Accuracy SAS act as financial du diligence provider, Cleary Gottlieb Steen & Hamilton LLP as antitrust advisor for Alstom SA (ENXTPA:ALO). J.P. Morgan & Cie S.A.S. acted as the financial advisor to Alstom SA. Knorr-Bremse AG (XTRA:KBX) completed the acquisition of North American conventional signalling business from Alstom SA (ENXTPA:ALO) for approximately €625 million on September 2, 2024.
Reported Earnings • Aug 09Second quarter 2024 earnings: EPS misses analyst expectationsSecond quarter 2024 results: EPS: €0.90 (up from €0.75 in 2Q 2023). Revenue: €2.04b (flat on 2Q 2023). Net income: €144.3m (up 19% from 2Q 2023). Profit margin: 7.1% (up from 6.0% in 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.1%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings.
공고 • Aug 06RCapital Partners LLP agreed to acquire G T Emissions Systems Limited from Knorr-Bremse AG (XTRA:KBX).RCapital Partners LLP agreed to acquire G T Emissions Systems Limited from Knorr-Bremse AG (XTRA:KBX) on August 5, 2024. With this sale, Knorr-Bremse is actively advancing its portfolio optimization with a clear focus on strategic fit and performance. The global Engine Air portfolio of GT Emissions Systems comprises exhaust throttle and exhaust gas recirculation valves, among other things. The company supplies leading manufacturers with emission control systems for diesel engines in on- and off-highway vehicles. GT Emissions Systems’ solutions make a key contribution for diesel engine manufacturers to meet the international emission standards that apply to them. GT Emissions Systems’ sales in the 2023 fiscal year came to approximately €70 million. The transaction is expected to close in the fourth quarter.
Reported Earnings • May 09First quarter 2024 earnings released: EPS: €0.95 (vs €0.77 in 1Q 2023)First quarter 2024 results: EPS: €0.95 (up from €0.77 in 1Q 2023). Revenue: €2.01b (up 3.7% from 1Q 2023). Net income: €153.7m (up 23% from 1Q 2023). Profit margin: 7.7% (up from 6.4% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings.
Upcoming Dividend • Apr 25Upcoming dividend of €1.64 per shareEligible shareholders must have bought the stock before 02 May 2024. Payment date: 06 May 2024. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.2%).
Buy Or Sell Opportunity • Mar 29Now 20% undervaluedOver the last 90 days, the stock has risen 19% to €70.26. The fair value is estimated to be €88.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Earnings per share has declined by 3.8%. For the next 3 years, revenue is forecast to grow by 2.3% per annum. Earnings are also forecast to grow by 9.6% per annum over the same time period.
Declared Dividend • Mar 24Dividend of €1.64 announcedShareholders will receive a dividend of €1.64. Ex-date: 2nd May 2024 Payment date: 6th May 2024 Dividend yield will be 2.4%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (48% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has decreased over the past 56 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 31% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Mar 22Full year 2023 earnings released: EPS: €3.43 (vs €3.03 in FY 2022)Full year 2023 results: EPS: €3.43 (up from €3.03 in FY 2022). Revenue: €8.04b (up 11% from FY 2022). Net income: €552.5m (up 13% from FY 2022). Profit margin: 6.9% (up from 6.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings.
Buy Or Sell Opportunity • Mar 07Now 20% undervaluedOver the last 90 days, the stock has risen 15% to €66.10. The fair value is estimated to be €83.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.9% over the last 3 years. Earnings per share has declined by 4.0%. For the next 3 years, revenue is forecast to grow by 2.7% per annum. Earnings are also forecast to grow by 12% per annum over the same time period.
공고 • Nov 28+ 5 more updatesKnorr-Bremse AG to Report Q3, 2024 Results on Oct 31, 2024Knorr-Bremse AG announced that they will report Q3, 2024 results on Oct 31, 2024
Reported Earnings • Oct 31Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2023 results: EPS: €0.79 (down from €0.90 in 3Q 2022). Revenue: €1.96b (up 7.9% from 3Q 2022). Net income: €126.8m (down 13% from 3Q 2022). Profit margin: 6.5% (down from 8.0% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates by 16%. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Aug 11Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2023 results: EPS: €0.74 (up from €0.65 in 2Q 2022). Revenue: €2.04b (up 16% from 2Q 2022). Net income: €119.1m (up 13% from 2Q 2022). Profit margin: 5.9% (down from 6.0% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 7.9%. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings.
Reported Earnings • May 12First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2023 results: EPS: €0.77 (in line with 1Q 2022). Revenue: €1.93b (up 14% from 1Q 2022). Net income: €124.7m (up 1.0% from 1Q 2022). Profit margin: 6.4% (down from 7.3% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) missed analyst estimates by 3.3%. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 6% per year.
Upcoming Dividend • May 01Upcoming dividend of €1.45 per share at 2.3% yieldEligible shareholders must have bought the stock before 08 May 2023. Payment date: 10 May 2023. Payout ratio is a comfortable 48% but the company is paying out more than the cash it is generating. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (2.8%).
Reported Earnings • Mar 25Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: EPS: €3.03 (down from €3.85 in FY 2021). Revenue: €7.25b (up 6.9% from FY 2021). Net income: €487.7m (down 22% from FY 2021). Profit margin: 6.7% (down from 9.2% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.1%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
공고 • Feb 03Knorr-Bremse AG to Report Fiscal Year 2022 Final Results on Mar 23, 2023Knorr-Bremse AG announced that they will report fiscal year 2022 final results at 9:00 AM, Central European Standard Time on Mar 23, 2023
Buying Opportunity • Jan 28Now 20% undervaluedOver the last 90 days, the stock is up 33%. The fair value is estimated to be €75.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings is also forecast to grow by 12% per annum over the same time period.
Buying Opportunity • Jan 11Now 22% undervaluedOver the last 90 days, the stock is up 33%. The fair value is estimated to be €74.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings is also forecast to grow by 12% per annum over the same time period.
Valuation Update With 7 Day Price Move • Jan 10Investor sentiment improved over the past weekAfter last week's 18% share price gain to €60.02, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 13x in the Machinery industry in Germany. Total loss to shareholders of 33% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €74.27 per share.
공고 • Dec 06+ 3 more updatesKnorr-Bremse Aktiengesellschaft to Report Q1, 2023 Results on May 11, 2023Knorr-Bremse Aktiengesellschaft announced that they will report Q1, 2023 results on May 11, 2023
Reported Earnings • Nov 16Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: €0.90 (down from €0.91 in 3Q 2021). Revenue: €1.82b (up 13% from 3Q 2021). Net income: €145.0m (flat on 3Q 2021). Profit margin: 8.0% (down from 9.1% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
Reported Earnings • Nov 11Third quarter 2022 earnings releasedThird quarter 2022 results: Net income: (down €145.9m from profit in 3Q 2021). Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
Price Target Changed • Aug 17Price target decreased to €68.57Down from €75.79, the current price target is an average from 14 analysts. New target price is 28% above last closing price of €53.70. Stock is down 46% over the past year. The company is forecast to post earnings per share of €3.12 for next year compared to €3.85 last year.
Reported Earnings • Aug 13Second quarter 2022 earnings: EPS misses analyst expectationsSecond quarter 2022 results: EPS: €0.65 (down from €1.02 in 2Q 2021). Revenue: €1.76b (flat on 2Q 2021). Net income: €105.9m (down 36% from 2Q 2021). Profit margin: 6.0% (down from 9.4% in 2Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 14%. Over the next year, revenue is forecast to grow 5.4%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings.
Upcoming Dividend • May 18Upcoming dividend of €1.85 per shareEligible shareholders must have bought the stock before 25 May 2022. Payment date: 30 May 2022. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.3%). In line with average of industry peers (2.5%).
Reported Earnings • May 13First quarter 2022 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2022 results: EPS: €0.77 (down from €1.05 in 1Q 2021). Revenue: €1.69b (down 1.0% from 1Q 2021). Net income: €126.1m (down 25% from 1Q 2021). Profit margin: 7.4% (down from 9.9% in 1Q 2021). Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 7.3%. Over the next year, revenue is forecast to grow 5.6%, compared to a 9.1% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Apr 04Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: €3.85 (up from €3.07 in FY 2020). Revenue: €6.79b (up 8.9% from FY 2020). Net income: €621.3m (up 25% from FY 2020). Profit margin: 9.2% (up from 7.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.2%. Over the next year, revenue is forecast to grow 3.7%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 9% per year, which means it is performing significantly worse than earnings.
Valuation Update With 7 Day Price Move • Mar 05Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to €68.00, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 12x in the Machinery industry in Germany. Total loss to shareholders of 14% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €93.70 per share.
Buying Opportunity • Mar 02Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 15%. The fair value is estimated to be €95.22, 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 been flat over the last 3 years.
Reported Earnings • Feb 25Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: €3.87 (up from €3.07 in FY 2020). Revenue: €6.79b (up 8.9% from FY 2020). Net income: €624.3m (up 26% from FY 2020). Profit margin: 9.2% (up from 7.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.2%. Over the next year, revenue is forecast to grow 5.0%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 4% per year.
Reported Earnings • Nov 13Third quarter 2021 earnings released: EPS €0.91 (vs €0.82 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €1.61b (up 3.7% from 3Q 2020). Net income: €145.9m (up 10% from 3Q 2020). Profit margin: 9.1% (up from 8.5% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 14Second quarter 2021 earnings released: EPS €1.02 (vs €0.64 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €1.75b (up 21% from 2Q 2020). Net income: €164.1m (up 60% from 2Q 2020). Profit margin: 9.4% (up from 7.1% in 2Q 2020). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • Jul 02Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to €94.24, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 21x in the Machinery industry in Germany. Total returns to shareholders of 6.8% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €84.65 per share.
Reported Earnings • May 16First quarter 2021 earnings released: EPS €1.05 (vs €0.83 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €1.71b (up 3.9% from 1Q 2020). Net income: €169.1m (up 26% from 1Q 2020). Profit margin: 9.9% (up from 8.2% in 1Q 2020). The increase in margin was driven by higher revenue.
Upcoming Dividend • May 14Upcoming dividend of €1.52 per shareEligible shareholders must have bought the stock before 21 May 2021. Payment date: 26 May 2021. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.0%).
Reported Earnings • Apr 02Full year 2020 earnings releasedThe company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €6.23b (down 11% from FY 2019). Net income: €495.5m (down 16% from FY 2019). Profit margin: 7.9% (down from 8.4% in FY 2019). The decrease in margin was driven by lower revenue.
Executive Departure • Feb 24Honorary Chairman of the Supervisory Board Heinz Hermann Thiele has left the companyOn the 23rd of February, Heinz Hermann Thiele's tenure in the role of Honorary Chairman of the Supervisory Board ended. We don't have any record of a personal shareholding under Heinz's name. A total of 6 executives have left over the last 12 months.
Is New 90 Day High Low • Jan 26New 90-day high: €117The company is up 18% from its price of €98.94 on 28 October 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €87.94 per share.
Is New 90 Day High Low • Jan 08New 90-day high: €117The company is up 12% from its price of €104 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €87.83 per share.
Is New 90 Day High Low • Dec 23New 90-day high: €110The company is up 11% from its price of €98.71 on 24 September 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Machinery industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €85.48 per share.
Analyst Estimate Surprise Post Earnings • Nov 21Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Over the next year, revenue is forecast to grow 4.9%, compared to a 3.0% growth forecast for the Machinery industry in Germany.
Reported Earnings • Nov 21Third quarter 2020 earnings released: EPS €0.82The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: €1.55b (down 10% from 3Q 2019). Net income: €132.1m (up 46% from 3Q 2019). Profit margin: 8.5% (up from 5.2% in 3Q 2019). The increase in margin was driven by lower expenses.