New Risk • May 05
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 16% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (7.7% average weekly change). Reported Earnings • May 05
First quarter 2026 earnings released: EPS: €0.69 (vs €0.36 loss in 1Q 2025) First quarter 2026 results: EPS: €0.69 (up from €0.36 loss in 1Q 2025). Revenue: €2.77b (flat on 1Q 2025). Net income: €89.9m (up €137.7m from 1Q 2025). Profit margin: 3.2% (up from net loss in 1Q 2025). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Machinery industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year and the company’s share price has also increased by 8% per year. Declared Dividend • Apr 19
Dividend reduced to €0.62 Dividend of €0.62 is 24% lower than last year. Ex-date: 29th May 2026 Payment date: 2nd June 2026 Dividend yield will be 1.3%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has increased by an average of 1.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 119% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Apr 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Austrian stocks, typically moving 7.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.2% average weekly change). Minor Risks High level of debt (72% net debt to equity). Profit margins are more than 30% lower than last year (2.0% net profit margin). Reported Earnings • Feb 27
Full year 2025 earnings released: EPS: €1.76 (vs €2.75 in FY 2024) Full year 2025 results: EPS: €1.76 (down from €2.75 in FY 2024). Revenue: €11.3b (down 1.8% from FY 2024). Net income: €230.1m (down 36% from FY 2024). Profit margin: 2.0% (down from 3.1% in FY 2024). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Machinery industry in Europe. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 17% per year. Reported Earnings • Nov 02
Third quarter 2025 earnings released: EPS: €0.87 (vs €0.55 in 3Q 2024) Third quarter 2025 results: EPS: €0.87 (up from €0.55 in 3Q 2024). Revenue: €2.70b (flat on 3Q 2024). Net income: €114.3m (up 58% from 3Q 2024). Profit margin: 4.2% (up from 2.7% in 3Q 2024). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Machinery industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 14
KION GROUP AG to Report Fiscal Year 2025 Results on Feb 26, 2026 KION GROUP AG announced that they will report fiscal year 2025 results on Feb 26, 2026 Reported Earnings • Aug 01
Second quarter 2025 earnings released: EPS: €0.72 (vs €0.52 in 2Q 2024) Second quarter 2025 results: EPS: €0.72 (up from €0.52 in 2Q 2024). Revenue: €2.71b (down 5.9% from 2Q 2024). Net income: €94.5m (up 39% from 2Q 2024). Profit margin: 3.5% (up from 2.4% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Machinery industry in Europe. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. New Risk • Jul 04
New major risk - Revenue and earnings growth Earnings have declined by 5.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Earnings have declined by 5.6% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (1.8% net profit margin). New Risk • Jun 24
New major risk - Revenue and earnings growth Earnings have declined by 5.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Earnings have declined by 5.6% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.5% average weekly change). Profit margins are more than 30% lower than last year (1.8% net profit margin). New Risk • Jun 18
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.0% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.6% average weekly change). Profit margins are more than 30% lower than last year (1.8% net profit margin). Upcoming Dividend • May 21
Upcoming dividend of €0.82 per share Eligible shareholders must have bought the stock before 28 May 2025. Payment date: 30 May 2025. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Austrian dividend payers (4.8%). Lower than average of industry peers (4.0%). New Risk • May 04
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 17% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (9.4% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (1.8% net profit margin). Announcement • May 02
KION GROUP AG Provides Earnings Guidance for the Year 2025 KION GROUP AG provided earnings guidance for the year 2025. For the year, the company expects Revenue to be €10,900 million - €11,700 million. New Risk • May 02
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.8% Last year net profit margin: 3.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.3% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (1.8% net profit margin). Reported Earnings • May 02
First quarter 2025 earnings released: €0.36 loss per share (vs €0.83 profit in 1Q 2024) First quarter 2025 results: €0.36 loss per share (down from €0.83 profit in 1Q 2024). Revenue: €2.79b (down 2.5% from 1Q 2024). Net loss: €47.8m (down 144% from profit in 1Q 2024). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Apr 09
KION GROUP AG Announces Board Changes KION GROUP AG announced the current Chairman of the Supervisory Board, Hans Peter Ring, will not be available for re-election at the Annual General Meeting when his term of office expires on May 27, 2025. The candidate to succeed him is Dr. Mohsen Sohi. Dr. Sohi, born in 1959, is currently CEO of Freudenberg SE and Spokesman of the Board of Management of Freudenberg & Co. Kommanditgesellschaft and has extensive experience in the management of internationally oriented companies. Previously, Dr. Sohi was President and CEO of Freudenberg-NOK General Partnership in Plymouth, Michigan (USA) and held executive positions at NCR Corporation and Honeywell. He holds an MBA from the Wharton School of Management, University of Pennsylvania, Philadelphia (USA) and a Doctor of Science in Mechanical Engineering from Washington University, St. Louis, Missouri (USA). The terms of office of Supervisory Board members Jiang Kui, Dr. Christina Reuter and Xu Ping will also end on 27 May 2025. Jiang Kui is available for a further term. In addition, Dr. Nicolas Peter will resign from his office as a member of the Supervisory Board with effect from the end of the Annual General Meeting on 27 May 2025. Additionally, the election of Dr. Sun Shaojun, who was appointed to the Supervisory Board in October 2024 is on the agenda. Elections of six shareholder representatives to the Supervisory Board are therefore required at the Annual General Meeting. Announcement • Apr 08
KION GROUP AG, Annual General Meeting, May 27, 2025 KION GROUP AG, Annual General Meeting, May 27, 2025, at 10:00 W. Europe Standard Time. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to €31.48, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 14x in the Machinery industry in Europe. Total loss to shareholders of 39% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €60.14 per share. Announcement • Mar 13
Kion Group Ag Presents Physical Ai Solution At Logimat in Stuttgart The KION Group, as part of a large-scale collaboration with NVIDIA and Accenture to reinvent industrial automation, introduces its first physical AI-powered Omniverse solution at LogiMAT 2025 in Stuttgart, Germany, from March 11- March 13. This milestone demonstrates how AI-driven industrial trucks and digital twins can transform supply chain operations by enhancing efficiency, adaptability, and cost-effectiveness. At LogiMAT, KION subsidiary Linde Material Handling presents a fully integrated goods-in solution, featuring an autonomous mobile robot and a manual truck, both AI-powered. The solution is digitally represented in NVIDIA’s Omniverse, displaying the real-time localizations of the industrial trucks. The on-board and stationary cameras run on NVIDIA hardware, capturing and processing live operational data. The whole solution works in an ever-evolving simulation environment, preparing to optimize vehicle coordination and route planning at scale. Additionally, the trucks include app capabilities that enable continuous software upgrades for functionalities such as enhanced person recognition and obstacle avoidance. As announced in January, the three companies cooperate to leverage physical AI with intelligent stationary cameras, autonomous forklifts, and the latest automation and robotics solutions to create highly realistic, real-time digital twins in NVIDIA’s Omniverse fed by live sensor and camera data. This enables customers to digitally map every asset in their warehouse in real time – from manual forklifts, autonomous robots and the exact locations of goods. Combined with the ability to run an infinite amount of scenarios, this will help customers define ideal layouts for new warehouses and improve warehouse management by predicting peak loads, ensuring worker safety, and more effectively planning the use of resources. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €44.76, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 15x in the Machinery industry in Europe. Total loss to shareholders of 34% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €84.57 per share. New Risk • Mar 04
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 49% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (49% net debt to equity). Share price has been volatile over the past 3 months (6.1% average weekly change). Declared Dividend • Mar 02
Dividend increased to €0.82 Dividend of €0.82 is 17% higher than last year. Ex-date: 28th May 2025 Payment date: 30th May 2025 Dividend yield will be 2.1%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has increased by an average of 8.9% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 70% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 28
KION GROUP AG announces Annual dividend, payable on May 30, 2025 KION GROUP AG announced Annual dividend of EUR 0.8200 per share payable on May 30, 2025, ex-date on May 28, 2025 and record date on May 29, 2025. Reported Earnings • Feb 27
Full year 2024 earnings released: EPS: €2.75 (vs €2.33 in FY 2023) Full year 2024 results: EPS: €2.75 (up from €2.33 in FY 2023). Revenue: €11.5b (flat on FY 2023). Net income: €360.3m (up 18% from FY 2023). Profit margin: 3.1% (up from 2.7% in FY 2023). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Machinery industry in Europe. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. New Risk • Feb 15
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Austrian stocks, typically moving 5.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (5.7% average weekly change). Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: €0.55 (vs €0.61 in 3Q 2023) Third quarter 2024 results: EPS: €0.55 (down from €0.61 in 3Q 2023). Revenue: €2.70b (down 1.1% from 3Q 2023). Net income: €72.4m (down 9.4% from 3Q 2023). Profit margin: 2.7% (down from 2.9% in 3Q 2023). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in Europe. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings. Announcement • Oct 02
KION GROUP AG to Report Fiscal Year 2024 Results on Feb 27, 2025 KION GROUP AG announced that they will report fiscal year 2024 results on Feb 27, 2025 Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €32.25, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Machinery industry in Europe. Total loss to shareholders of 62% over the past three years. Reported Earnings • Aug 01
Second quarter 2024 earnings released: EPS: €0.52 (vs €0.54 in 2Q 2023) Second quarter 2024 results: EPS: €0.52 (down from €0.54 in 2Q 2023). Revenue: €2.88b (up 1.4% from 2Q 2023). Net income: €68.2m (down 4.2% from 2Q 2023). Profit margin: 2.4% (down from 2.5% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Machinery industry in Europe. Over the last 3 years on average, earnings per share has fallen by 24% per year whereas the company’s share price has fallen by 26% per year. Upcoming Dividend • May 23
Upcoming dividend of €0.70 per share Eligible shareholders must have bought the stock before 30 May 2024. Payment date: 03 June 2024. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Austrian dividend payers (5.7%). Lower than average of industry peers (2.7%). Reported Earnings • Apr 25
First quarter 2024 earnings released: EPS: €0.83 (vs €0.55 in 1Q 2023) First quarter 2024 results: EPS: €0.83 (up from €0.55 in 1Q 2023). Revenue: €2.86b (up 2.8% from 1Q 2023). Net income: €108.8m (up 51% from 1Q 2023). Profit margin: 3.8% (up from 2.6% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Europe. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. New Risk • Mar 04
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 62% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (5.2% average weekly change). Minor Risk High level of debt (62% net debt to equity). Reported Earnings • Mar 01
Full year 2023 earnings released: EPS: €2.33 (vs €0.75 in FY 2022) Full year 2023 results: EPS: €2.33 (up from €0.75 in FY 2022). Revenue: €11.4b (up 2.7% from FY 2022). Net income: €305.8m (up 212% from FY 2022). Profit margin: 2.7% (up from 0.9% in FY 2022). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Machinery industry in Europe. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Feb 16
Now 22% undervalued Over the last 90 days, the stock has risen 22% to €40.96. The fair value is estimated to be €52.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 28%. For the next 3 years, revenue is forecast to grow by 3.7% per annum. Earnings are also forecast to grow by 20% per annum over the same time period. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: €0.61 (vs €0.73 in 3Q 2022) Third quarter 2023 results: EPS: €0.61 (down from €0.73 in 3Q 2022). Revenue: €2.73b (flat on 3Q 2022). Net income: €79.9m (down 16% from 3Q 2022). Profit margin: 2.9% (down from 3.5% in 3Q 2022). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Machinery industry in Europe. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Announcement • Oct 17
KION GROUP AG to Report Q4, 2023 Results on Feb 29, 2024 KION GROUP AG announced that they will report Q4, 2023 results on Feb 29, 2024 Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: €0.54 (vs €0.60 in 2Q 2022) Second quarter 2023 results: EPS: €0.54 (down from €0.60 in 2Q 2022). Revenue: €2.84b (up 1.2% from 2Q 2022). Net income: €71.2m (down 9.8% from 2Q 2022). Profit margin: 2.5% (down from 2.8% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in Europe. Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 17% per year. Buying Opportunity • Jul 24
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 4.6%. The fair value is estimated to be €43.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 21%. For the next 3 years, revenue is forecast to grow by 3.4% per annum. Earnings is also forecast to grow by 30% per annum over the same time period. Buying Opportunity • Jul 05
Now 21% undervalued Over the last 90 days, the stock is up 8.9%. The fair value is estimated to be €45.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 21%. For the next 3 years, revenue is forecast to grow by 3.4% per annum. Earnings is also forecast to grow by 30% per annum over the same time period. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €36.91, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Machinery industry in Europe. Total loss to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €44.79 per share. Upcoming Dividend • May 11
Upcoming dividend of €0.19 per share at 0.5% yield Eligible shareholders must have bought the stock before 18 May 2023. Payment date: 22 May 2023. Payout ratio is a comfortable 27% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Austrian dividend payers (5.4%). Lower than average of industry peers (2.7%). Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: €0.55 (vs €0.61 in 1Q 2022) First quarter 2023 results: EPS: €0.55 (down from €0.61 in 1Q 2022). Revenue: €2.78b (up 1.7% from 1Q 2022). Net income: €72.1m (down 9.3% from 1Q 2022). Profit margin: 2.6% (down from 2.9% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Europe. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €29.49, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Machinery industry in Europe. Total loss to shareholders of 18% over the past three years. Reported Earnings • Mar 06
Full year 2022 earnings released: EPS: €0.75 (vs €4.34 in FY 2021) Full year 2022 results: EPS: €0.75 (down from €4.34 in FY 2021). Revenue: €11.1b (up 8.2% from FY 2021). Net income: €98.0m (down 83% from FY 2021). Profit margin: 0.9% (down from 5.5% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Europe. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 16% share price gain to €31.70, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Machinery industry in Europe. Total loss to shareholders of 46% over the past three years. Announcement • Dec 22
KION GROUP AG, Annual General Meeting, May 17, 2023 KION GROUP AG, Annual General Meeting, May 17, 2023. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improved over the past week After last week's 16% share price gain to €27.92, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Machinery industry in Europe. Total loss to shareholders of 52% over the past three years. Reported Earnings • Oct 30
Third quarter 2022 earnings released: EPS: €0.73 (vs €1.04 in 3Q 2021) Third quarter 2022 results: EPS: €0.73 (down from €1.04 in 3Q 2021). Revenue: €2.71b (up 5.5% from 3Q 2021). Net income: €95.2m (down 30% from 3Q 2021). Profit margin: 3.5% (down from 5.3% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Europe. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment deteriorated over the past week After last week's 36% share price decline to €23.90, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 13x in the Machinery industry in Europe. Total loss to shareholders of 48% over the past three years. Announcement • Sep 14
KION GROUP AG Provides Earnings Guidance for the Third Quarter and Full Year of 2022 KION GROUP AG provided earnings guidance for the third quarter and full year of 2022. For the quarter, the company expects a low triple digit million EUR loss for the third quarter of 2022 on KION Group level and in its Supply Chain Solutions (SCS) segment due to intensifying supply chain shortages as well as significantly higher cost increases for materials, energy and logistics.For the year, the company expects revenue to be in the range of €10,450 million and €11,250 million. Reported Earnings • Jul 28
Second quarter 2022 earnings released: EPS: €0.60 (vs €1.17 in 2Q 2021) Second quarter 2022 results: EPS: €0.60 (down from €1.17 in 2Q 2021). Revenue: €2.80b (up 8.1% from 2Q 2021). Net income: €78.9m (down 49% from 2Q 2021). Profit margin: 2.8% (down from 5.9% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 5.1%, compared to a 14% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 3% per year. Announcement • Apr 06
KION GROUP AG Withdraws Outlook for Fiscal Year 2022 KION GROUP AG withdrawn outlook for fiscal year 2022 Due to the bottlenecks in the procurement markets, which are anticipated to last much longer than expected, the continued sharp increase in material and logistics costs, and recent Corona-lockdowns which particularly affect the Asian market. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment deteriorated over the past week After last week's 20% share price decline to €62.12, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 15x in the Machinery industry in Europe. Total returns to shareholders of 40% over the past three years. Announcement • Mar 06
Kion Group Ag Provides Earnings Outlook for the Year 2022 KION GROUP AG provided earnings outlook for the year 2022. For the period, The company expects to finish revenue this year between EUR 11 billion and EUR 12 billion. Reported Earnings • Mar 04
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: €4.34 (up from €1.81 in FY 2020). Revenue: €10.3b (up 23% from FY 2020). Net income: €568.3m (up 164% from FY 2020). Profit margin: 5.5% (up from 2.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 8.2%, compared to a 16% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS €1.04 (vs €0.72 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €2.57b (up 24% from 3Q 2020). Net income: €136.7m (up 60% from 3Q 2020). Profit margin: 5.3% (up from 4.1% 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 10% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Reported Earnings • Jul 30
Second quarter 2021 earnings released: EPS €1.17 (vs €0.13 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €2.59b (up 37% from 2Q 2020). Net income: €153.5m (up €168.3m from 2Q 2020). Profit margin: 5.9% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Upcoming Dividend • May 05
Upcoming dividend of €0.41 per share Eligible shareholders must have bought the stock before 12 May 2021. Payment date: 17 May 2021. Trailing yield: 0.5%. Lower than top quartile of Austrian dividend payers (3.3%). Lower than average of industry peers (1.8%). Reported Earnings • May 01
First quarter 2021 earnings released: EPS €1.04 (vs €0.58 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €2.38b (up 17% from 1Q 2020). Net income: €136.7m (up 99% from 1Q 2020). Profit margin: 5.8% (up from 3.4% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Mar 10
New 90-day high: €78.48 The company is up 13% from its price of €69.38 on 09 December 2020. The Austrian market is up 15% over the last 90 days, indicating the company underperformed over that time. However, it outperformed 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 €161 per share. Reported Earnings • Mar 04
Full year 2020 earnings released: EPS €1.81 (vs €3.86 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €8.34b (down 5.3% from FY 2019). Net income: €215.3m (down 53% from FY 2019). Profit margin: 2.6% (down from 5.2% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Mar 04
Revenue beats expectations Revenue exceeded analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 11%, compared to a 9.3% growth forecast for the Machinery industry in Austria. Announcement • Jan 12
KION GROUP AG Announces Executive Changes Hasan Dandashly and Andreas Krinninger appointed to the Executive Board of KION GROUP AG. Henry Puhl appointed as future CTO and successor to Eike Böhm from July 1, 2021. The Group's Supervisory Board has appointed Hasan Dandashly (61) and Andreas Krinninger (53) as additional members of the Group's Executive Board effective January 2021. Hasan Dandashly will have Executive Board responsibility for the Supply Chain Solutions (SCS) segment, which comprises the global business of Dematic. He has been President & CEO of KION subsidiary Dematic since 2018. Andreas Krinninger will assume responsibility within the Executive Board for the EMEA business of the Industrial Trucks and Services (ITS) segment, which includes the operational business of KION brand companies Linde Material Handling, STILL, and Baoli in the EMEA region. Andreas Krinninger has been President & CEO of Linde Material Handling EMEA since 2016 and before that held various roles including Chief Financial Officer and Chief Operating Officer at Linde Material Handling. Ching Pong Quek will retain responsibility within the KION Group's Executive Board for the Industrial Trucks and Services (ITS) segment in the APAC and Americas regions. Anke Groth will continue as CFO and Labor Relations Director. CEO is Gordon Riske. The Supervisory Board of the KION Group has also made another decision that will ensure long-term continuity within the CTO role: Henry Puhl (50), President & CEO of STILL EMEA since 2016, has been appointed as a member of the Executive Board from July 1, 2021. He will succeed Professor Eike Böhm, who will be retiring on June 30, 2021. Eike Böhm has successfully built up the CTO organization during his six years with the Group and has made an important contribution to the strong technological position of the Group. Is New 90 Day High Low • Nov 30
New 90-day low: €65.02 The company is down 7.0% from its price of €70.04 on 01 September 2020. The Austrian market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €59.79 per share. Announcement • Nov 11
KION GROUP AG, Annual General Meeting, May 11, 2021 KION GROUP AG, Annual General Meeting, May 11, 2021. Analyst Estimate Surprise Post Earnings • Oct 30
Third-quarter earnings released: Revenue beats expectations Third-quarter revenue exceeded analyst estimates by 0.9% at €2.07b. Revenue is forecast to grow 8.0% over the next year, compared to a 2.1% growth forecast for the Machinery industry in Austria. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of €254.6m, down 48% from the prior year. Total revenue was €8.28b over the last 12 months, down 5.3% from the prior year. Announcement • Oct 29
KION GROUP AG to Report Fiscal Year 2020 Results on Mar 02, 2021 KION GROUP AG announced that they will report fiscal year 2020 results on Mar 02, 2021 Is New 90 Day High Low • Oct 02
New 90-day high: €76.94 The company is up 43% from its price of €53.72 on 26 June 2020. The Austrian market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €67.93 per share.