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KBX

Knorr-BremseXTRA:KBX Stock Report

Last Price

€90.50

Market Cap

€14.6b

7D

1.8%

1Y

-20.0%

Updated

17 Jan, 2022

Data

Company Financials +
KBX fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance4/6
Financial Health5/6
Dividends3/6

KBX Stock Overview

Knorr-Bremse Aktiengesellschaft develops, produces, markets, and services braking and other systems for rail and commercial vehicles worldwide.

Knorr-Bremse Competitors

Westinghouse Air Brake Technologies

NYSE:WAB

US$17.9b

Oshkosh

NYSE:OSK

US$8.5b

Dana

NYSE:DAN

US$3.7b

Trinity Industries

NYSE:TRN

US$3.0b

Price History & Performance

Summary of all time highs, changes and price drops for Knorr-Bremse
Historical stock prices
Current Share Price€90.50
52 Week High€117.08
52 Week Low€84.96
Beta0.74
1 Month Change3.62%
3 Month Change-3.21%
1 Year Change-20.00%
3 Year Change7.70%
5 Year Changen/a
Change since IPO10.85%

Recent News & Updates

Dec 13
Returns On Capital Signal Tricky Times Ahead For Knorr-Bremse (ETR:KBX)

Returns On Capital Signal Tricky Times Ahead For Knorr-Bremse (ETR:KBX)

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Amongst other things...

Nov 08
Knorr-Bremse (ETR:KBX) Seems To Use Debt Quite Sensibly

Knorr-Bremse (ETR:KBX) Seems To Use Debt Quite Sensibly

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Sep 12
Knorr-Bremse Aktiengesellschaft (ETR:KBX) Shares Could Be 21% Above Their Intrinsic Value Estimate

Knorr-Bremse Aktiengesellschaft (ETR:KBX) Shares Could Be 21% Above Their Intrinsic Value Estimate

Today we will run through one way of estimating the intrinsic value of Knorr-Bremse Aktiengesellschaft ( ETR:KBX ) by...

Shareholder Returns

KBXDE MachineryDE Market
7D1.8%1.1%0.7%
1Y-20.0%7.3%11.6%

Return vs Industry: KBX underperformed the German Machinery industry which returned 7.7% over the past year.

Return vs Market: KBX underperformed the German Market which returned 12.1% over the past year.

Price Volatility

Is KBX's price volatile compared to industry and market?
KBX volatility
KBX Average Weekly Movement2.9%
Machinery Industry Average Movement4.2%
Market Average Movement5.0%
10% most volatile stocks in DE Market9.8%
10% least volatile stocks in DE Market2.6%

Stable Share Price: KBX is less volatile than 75% of German stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: KBX's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199830,612Jan Mrosikhttps://www.knorr-bremse.com

Knorr-Bremse Aktiengesellschaft develops, produces, markets, and services braking and other systems for rail and commercial vehicles worldwide. It offers intelligence entrance, power electrics and control technology, digital solutions for optimization of rail traffic, couplers, signal systems, stationary and mobile testing equipment, wiper and wash systems, and sanitary systems for mass transit and long distance rail vehicles. The company also provides electronic brake controls, as well as driver assistance, air supply, and powertrain systems for trucks, buses, trailers, and agricultural machinery.

Knorr-Bremse Fundamentals Summary

How do Knorr-Bremse's earnings and revenue compare to its market cap?
KBX fundamental statistics
Market Cap€14.59b
Earnings (TTM)€605.54m
Revenue (TTM)€6.65b

24.1x

P/E Ratio

2.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
KBX income statement (TTM)
Revenue€6.65b
Cost of Revenue€3.36b
Gross Profit€3.29b
Expenses€2.69b
Earnings€605.54m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Feb 24, 2022

Earnings per share (EPS)3.76
Gross Margin49.48%
Net Profit Margin9.10%
Debt/Equity Ratio98.9%

How did KBX perform over the long term?

See historical performance and comparison

Dividends

1.7%

Current Dividend Yield

40%

Payout Ratio

Valuation

Is Knorr-Bremse undervalued compared to its fair value and its price relative to the market?

24.09x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: KBX (€90.5) is trading above our estimate of fair value (€58.45)

Significantly Below Fair Value: KBX is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: KBX is poor value based on its PE Ratio (24.1x) compared to the German Machinery industry average (22x).

PE vs Market: KBX is poor value based on its PE Ratio (24.1x) compared to the German market (21.4x).


Price to Earnings Growth Ratio

PEG Ratio: KBX is poor value based on its PEG Ratio (2.8x)


Price to Book Ratio

PB vs Industry: KBX is overvalued based on its PB Ratio (6.8x) compared to the DE Machinery industry average (2.4x).


Future Growth

How is Knorr-Bremse forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

8.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KBX's forecast earnings growth (8.5% per year) is above the savings rate (-0.01%).

Earnings vs Market: KBX's earnings (8.5% per year) are forecast to grow slower than the German market (10.4% per year).

High Growth Earnings: KBX's earnings are forecast to grow, but not significantly.

Revenue vs Market: KBX's revenue (5.6% per year) is forecast to grow slower than the German market (5.6% per year).

High Growth Revenue: KBX's revenue (5.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: KBX's Return on Equity is forecast to be high in 3 years time (26%)


Past Performance

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

-0.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KBX has high quality earnings.

Growing Profit Margin: KBX's current net profit margins (9.1%) are higher than last year (8.3%).


Past Earnings Growth Analysis

Earnings Trend: KBX's earnings have declined by 0.2% per year over the past 5 years.

Accelerating Growth: KBX's earnings growth over the past year (15.6%) exceeds its 5-year average (-0.2% per year).

Earnings vs Industry: KBX earnings growth over the past year (15.6%) underperformed the Machinery industry 59.9%.


Return on Equity

High ROE: KBX's Return on Equity (28.4%) is considered high.


Financial Health

How is Knorr-Bremse's financial position?


Financial Position Analysis

Short Term Liabilities: KBX's short term assets (€4.4B) exceed its short term liabilities (€3.2B).

Long Term Liabilities: KBX's short term assets (€4.4B) exceed its long term liabilities (€2.0B).


Debt to Equity History and Analysis

Debt Level: KBX's net debt to equity ratio (23.3%) is considered satisfactory.

Reducing Debt: KBX's debt to equity ratio has increased from 29.3% to 98.9% over the past 5 years.

Debt Coverage: KBX's debt is well covered by operating cash flow (52.6%).

Interest Coverage: KBX's interest payments on its debt are well covered by EBIT (18.8x coverage).


Balance Sheet


Dividend

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

1.68%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: KBX's dividend (1.68%) is higher than the bottom 25% of dividend payers in the German market (1.02%).

High Dividend: KBX's dividend (1.68%) is low compared to the top 25% of dividend payers in the German market (3.34%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, KBX has been paying a dividend for less than 10 years.

Growing Dividend: KBX has only been paying a dividend for 3 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (40.5%), KBX's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: KBX's dividends in 3 years are forecast to be well covered by earnings (44.9% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.5yrs

Average management tenure


CEO

Jan Mrosik (56 yo)

1

Tenure

Dr. Jan Michael Mrosik serves as Chairman of the Executive Board and Chief Executive Officer at Knorr-Bremse Aktiengesellschaft since January 01, 2021 and serves its Member of Management Board since Januar...


Leadership Team

Experienced Management: KBX's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

Experienced Board: KBX's board of directors are considered experienced (4.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Knorr-Bremse Aktiengesellschaft's employee growth, exchange listings and data sources


Key Information

  • Name: Knorr-Bremse Aktiengesellschaft
  • Ticker: KBX
  • Exchange: XTRA
  • Founded: 1998
  • Industry: Construction Machinery and Heavy Trucks
  • Sector: Capital Goods
  • Implied Market Cap: €14.589b
  • Shares outstanding: 161.20m
  • Website: https://www.knorr-bremse.com

Number of Employees


Location

  • Knorr-Bremse Aktiengesellschaft
  • Moosacher Strasse 80
  • Munich
  • Bavaria
  • 80809
  • Germany

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/17 23:01
End of Day Share Price2022/01/17 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.