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Knorr-Bremse

WBAG:KBX
Snowflake Description

Adequate balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KBX
WBAG
€16B
Market Cap
  1. Home
  2. AT
  3. Capital Goods
Company description

Knorr-Bremse Aktiengesellschaft develops, produces, markets, and services braking systems for rail and commercial vehicles worldwide. The last earnings update was 20 days ago. More info.


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KBX Share Price and Events
7 Day Returns
-0.9%
WBAG:KBX
-2.7%
AT Machinery
-0.5%
AT Market
1 Year Returns
-
WBAG:KBX
-26.9%
AT Machinery
-8%
AT Market
KBX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Knorr-Bremse (KBX) -0.9% 3.4% 13.9% - - -
AT Machinery -2.7% -5.9% -17.4% -26.9% -25.2% -30.6%
AT Market -0.5% -3.7% -3.3% -8% 37.9% 17.8%
1 Year Return vs Industry and Market
  • No trading data on KBX.
  • No trading data on KBX.
Price Volatility
Industry
5yr Volatility vs Market

KBX Value

 Is Knorr-Bremse undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Knorr-Bremse to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Knorr-Bremse.

WBAG:KBX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7%
Perpetual Growth Rate 10-Year AT Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for WBAG:KBX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AT Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.06
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.061 (1 + (1- 30%) (11.01%))
1.096
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.51% + (1.096 * 5.96%)
7.04%

Discounted Cash Flow Calculation for WBAG:KBX using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Knorr-Bremse is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

WBAG:KBX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.04%)
2019 651.14 Analyst x5 608.30
2020 760.60 Analyst x5 663.82
2021 853.73 Analyst x4 696.07
2022 924.02 Est @ 8.23% 703.83
2023 978.70 Est @ 5.92% 696.43
2024 1,020.74 Est @ 4.3% 678.56
2025 1,052.99 Est @ 3.16% 653.95
2026 1,077.89 Est @ 2.36% 625.37
2027 1,097.38 Est @ 1.81% 594.79
2028 1,112.95 Est @ 1.42% 563.55
Present value of next 10 years cash flows €6,484.67
WBAG:KBX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €1,112.95 × (1 + 0.51%) ÷ (7.04% – 0.51%)
€17,125.18
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €17,125.18 ÷ (1 + 7.04%)10
€8,671.45
WBAG:KBX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €6,484.67 + €8,671.45
€15,156.12
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €15,156.12 / 161.20
€94.02
WBAG:KBX Discount to Share Price
Calculation Result
Value per share (EUR) From above. €94.40
Current discount Discount to share price of €98.75
= -1 x (€98.75 - €94.40) / €94.40
-4.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Knorr-Bremse is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Knorr-Bremse's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Knorr-Bremse's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WBAG:KBX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €3.90
XTRA:KBX Share Price ** XTRA (2019-06-18) in EUR €98.35
Europe Machinery Industry PE Ratio Median Figure of 190 Publicly-Listed Machinery Companies 15.65x
Austria Market PE Ratio Median Figure of 54 Publicly-Listed Companies 15.12x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Knorr-Bremse.

WBAG:KBX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XTRA:KBX Share Price ÷ EPS (both in EUR)

= 98.35 ÷ 3.90

25.23x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Knorr-Bremse is overvalued based on earnings compared to the Europe Machinery industry average.
  • Knorr-Bremse is overvalued based on earnings compared to the Austria market.
Price based on expected Growth
Does Knorr-Bremse's expected growth come at a high price?
Raw Data
WBAG:KBX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 25.23x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
6.2%per year
Europe Machinery Industry PEG Ratio Median Figure of 128 Publicly-Listed Machinery Companies 1.63x
Austria Market PEG Ratio Median Figure of 32 Publicly-Listed Companies 1.27x

*Line of best fit is calculated by linear regression .

WBAG:KBX PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 25.23x ÷ 6.2%

4.1x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Knorr-Bremse is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Knorr-Bremse's assets?
Raw Data
WBAG:KBX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €10.56
XTRA:KBX Share Price * XTRA (2019-06-18) in EUR €98.35
Austria Machinery Industry PB Ratio Median Figure of 6 Publicly-Listed Machinery Companies 1.61x
Austria Market PB Ratio Median Figure of 62 Publicly-Listed Companies 1.22x
WBAG:KBX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:KBX Share Price ÷ Book Value per Share (both in EUR)

= 98.35 ÷ 10.56

9.31x

* Primary Listing of Knorr-Bremse.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Knorr-Bremse is overvalued based on assets compared to the AT Machinery industry average.
X
Value checks
We assess Knorr-Bremse's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. Knorr-Bremse has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

KBX Future Performance

 How is Knorr-Bremse expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Knorr-Bremse expected to grow at an attractive rate?
  • Knorr-Bremse's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Knorr-Bremse's earnings growth is positive but not above the Austria market average.
  • Knorr-Bremse's revenue growth is expected to exceed the Austria market average.
Annual Growth Rates Comparison
Raw Data
WBAG:KBX Future Growth Rates Data Sources
Data Point Source Value (per year)
WBAG:KBX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 6.2%
WBAG:KBX Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 3.5%
Austria Machinery Industry Earnings Growth Rate Market Cap Weighted Average 18.8%
Europe Machinery Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
Austria Market Earnings Growth Rate Market Cap Weighted Average 8.8%
Austria Market Revenue Growth Rate Market Cap Weighted Average 3.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
WBAG:KBX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WBAG:KBX Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 8,113 1
2022-12-31 7,802 835 2
2021-12-31 7,472 1,161 778 6
2020-12-31 7,195 1,066 733 7
2019-12-31 7,026 996 705 7
WBAG:KBX Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 6,811 733 628
2018-12-31 6,664 726 593
2018-09-30 6,685 629 615
2018-06-30 6,588 684 548
2018-03-31 6,313 661 564
2017-12-31 6,185 680 536
2016-12-31 5,495 709 485

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Knorr-Bremse's earnings are expected to grow by 6.2% yearly, however this is not considered high growth (20% yearly).
  • Knorr-Bremse's revenue is expected to grow by 3.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
WBAG:KBX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Knorr-Bremse Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:KBX Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 4.83 4.97 4.60 5.00
2020-12-31 4.55 4.67 4.40 6.00
2019-12-31 4.37 4.46 4.26 6.00
WBAG:KBX Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 3.90
2018-12-31 3.68
2018-09-30 3.81
2018-06-30 3.40
2018-03-31 3.50
2017-12-31 3.32
2016-12-31 3.01

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Knorr-Bremse is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Knorr-Bremse's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Austria market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Knorr-Bremse has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

KBX Past Performance

  How has Knorr-Bremse performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Knorr-Bremse's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Knorr-Bremse's year on year earnings growth rate has been positive over the past 5 years.
  • Knorr-Bremse's 1-year earnings growth exceeds its 5-year average (11.3% vs 4.6%)
  • Knorr-Bremse's earnings growth has not exceeded the Europe Machinery industry average in the past year (11.3% vs 12.9%).
Earnings and Revenue History
Knorr-Bremse's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Knorr-Bremse Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:KBX Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 6,811.48 628.27 1,575.14
2018-12-31 6,663.85 592.79 1,550.85
2018-09-30 6,684.87 614.71 1,388.95
2018-06-30 6,587.77 547.70 1,370.61
2018-03-31 6,313.00 564.33 1,517.96
2017-12-31 6,185.31 535.50 1,523.96
2016-12-31 5,494.68 484.79 1,196.59
2015-12-31 5,831.24 568.24 1,213.22
2014-12-31 5,206.68 483.94 1,038.18
2013-12-31 4,303.13 316.08 907.40
2012-12-31 4,300.57 254.81 861.46

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Knorr-Bremse has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Knorr-Bremse used its assets more efficiently than the Europe Machinery industry average last year based on Return on Assets.
  • Knorr-Bremse's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Knorr-Bremse's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Knorr-Bremse has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

KBX Health

 How is Knorr-Bremse's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Knorr-Bremse's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Knorr-Bremse is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Knorr-Bremse's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Knorr-Bremse's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Knorr-Bremse Company Filings, last reported 2 months ago.

WBAG:KBX Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,824.52 1,746.24 1,607.46
2018-12-31 1,607.11 1,510.62 1,780.29
2018-09-30 1,464.97 1,526.26 1,537.60
2018-06-30 1,308.46 1,561.36 1,560.03
2018-03-31 1,995.75 763.93 1,612.55
2017-12-31 1,995.75 763.93 1,612.55
2016-12-31 1,818.81 648.82 1,720.11
2015-12-31 1,735.73 160.59 1,360.07
2014-12-31 1,443.21 142.58 1,086.74
2013-12-31 1,106.84 130.57 806.40
2012-12-31 995.21 132.92 683.87
  • Knorr-Bremse's level of debt (95.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (11.2% vs 95.7% today).
  • Debt is well covered by operating cash flow (42%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 27x coverage).
X
Financial health checks
We assess Knorr-Bremse's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Knorr-Bremse has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

KBX Dividends

 What is Knorr-Bremse's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.78%
Current annual income from Knorr-Bremse dividends. Estimated to be 2.15% next year.
If you bought €2,000 of Knorr-Bremse shares you are expected to receive €36 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Knorr-Bremse's pays a higher dividend yield than the bottom 25% of dividend payers in Austria (1.43%).
  • Knorr-Bremse's dividend is below the markets top 25% of dividend payers in Austria (4.44%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
WBAG:KBX Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
Europe Machinery Industry Average Dividend Yield Market Cap Weighted Average of 143 Stocks 3%
Austria Market Average Dividend Yield Market Cap Weighted Average of 51 Stocks 3.6%
Austria Minimum Threshold Dividend Yield 10th Percentile 1.1%
Austria Bottom 25% Dividend Yield 25th Percentile 1.4%
Austria Top 25% Dividend Yield 75th Percentile 4.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

WBAG:KBX Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 2.33 1.00
2021-12-31 2.25 6.00
2020-12-31 2.11 7.00
2019-12-31 1.99 7.00
WBAG:KBX Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-05-02 1.750 1.824
2018-11-28 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether Knorr-Bremse has stable dividend payments.
  • Knorr-Bremse only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Knorr-Bremse's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.2x coverage).
X
Income/ dividend checks
We assess Knorr-Bremse's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Knorr-Bremse afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Knorr-Bremse has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

KBX Management

 What is the CEO of Knorr-Bremse's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Knorr-Bremse has no CEO, or we have no data on them.
Management Team Tenure

Average tenure and age of the Knorr-Bremse management team in years:

2.4
Average Tenure
50
Average Age
  • The tenure for the Knorr-Bremse management team is about average.
Management Team

Franz-Josef Birkeneder

TITLE
First Deputy Chairman of the Supervisory Board & Plant Manager Aldersbach
TENURE
3.3 yrs

Ralph Heuwing

TITLE
CFO & Member of Executive Board
AGE
52
TENURE
1.6 yrs

Peter Laier

TITLE
Member of Executive Board
AGE
50
TENURE
3.4 yrs

Jürgen Wilder

TITLE
Member of Executive Board
AGE
47
TENURE
0.8 yrs

Andreas Spitzauer

TITLE
Head of Investor Relations

Alexandra Bufe

TITLE
Head of Corporate Communications
Board of Directors Tenure

Average tenure and age of the Knorr-Bremse board of directors in years:

4.1
Average Tenure
72.5
Average Age
  • The tenure for the Knorr-Bremse board of directors is about average.
Board of Directors

Klaus Mangold

TITLE
Chairman of Supervisory Board
AGE
75
TENURE
0.8 yrs

Franz-Josef Birkeneder

TITLE
First Deputy Chairman of the Supervisory Board & Plant Manager Aldersbach
TENURE
3.3 yrs

Kathrin Dahnke

TITLE
Second Deputy Chair of Supervisory Board
AGE
57
TENURE
0.9 yrs

Heinz Thiele

TITLE
Honorary Chairman of the Supervisory Board
AGE
77

Werner Ratzisberger

TITLE
Employee Representative Member of the Supervisory Board
TENURE
12.6 yrs

Wolfram Mörsdorf

TITLE
Member of the Supervisory Board
AGE
70

Günter Wiese

TITLE
Employee Representative Member of the Supervisory Board
TENURE
3.4 yrs

Georg Weiberg

TITLE
Member of the Supervisory Board
TENURE
5.6 yrs

Erich Starkl

TITLE
Employee Representative Member of the Supervisory Board
TENURE
5.3 yrs

Michael Jell

TITLE
Employee Representative Member of the Supervisory Board
TENURE
4.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Knorr-Bremse's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Knorr-Bremse has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

KBX News

Simply Wall St News

KBX Company Info

Description

Knorr-Bremse Aktiengesellschaft develops, produces, markets, and services braking systems for rail and commercial vehicles worldwide. The company also provides entrance systems, HVAC systems, control components and windscreen wiper systems, platform screen doors, friction material, simulators, driver assistance systems, power supply systems, and control technology products; and torsional vibration dampers and powertrain-related solutions for diesel engines. In addition, it offers air suspension products for trailers. The company is based in Munich, Germany. Knorr-Bremse Aktiengesellschaft is a subsidiary of KB Holding GmbH.

Details
Name: Knorr-Bremse Aktiengesellschaft
KBX
Exchange: WBAG
Founded:
€15,854,020,000
161,200,000
Website: http://www.knorr-bremse.com
Address: Knorr-Bremse Aktiengesellschaft
Moosacher Strasse 80,
Munich,
Bavaria, 80809,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA KBX Bearer Shares XETRA Trading Platform DE EUR 12. Oct 2018
OTCPK KNBH.F Bearer Shares Pink Sheets LLC US USD 12. Oct 2018
DB KBX Bearer Shares Deutsche Boerse AG DE EUR 12. Oct 2018
LSE 0KBI Bearer Shares London Stock Exchange GB EUR 12. Oct 2018
SWX KBX Bearer Shares SIX Swiss Exchange CH CHF 12. Oct 2018
WBAG KBX Bearer Shares Wiener Boerse AG AT EUR 12. Oct 2018
OTCPK KNRR.Y UNSPONSRED ADS Pink Sheets LLC US USD 10. Jan 2019
Number of employees
Current staff
Staff numbers
29,149
Knorr-Bremse employees.
Industry
Construction Machinery and Heavy Trucks
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/18 22:41
End of day share price update: 2019/06/18 00:00
Last estimates confirmation: 2019/06/11
Last earnings filing: 2019/05/29
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.