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KGX

KION GROUPXTRA:KGX Stock Report

Market Cap

€11.2b

7D

6.8%

1Y

7.4%

Updated

16 Oct, 2021

Data

Company Financials +
KGX fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance5/6
Financial Health4/6
Dividends2/6

KGX Overview

KION GROUP AG provides industrial trucks, warehouse technology, supply chain solutions, and related services worldwide.

KION GROUP Competitors

Price History & Performance

Summary of all time highs, changes and price drops for KION GROUP
Historical stock prices
Current Share Price€85.54
52 Week High€63.26
52 Week Low€93.28
Beta1.31
1 Month Change4.19%
3 Month Change-2.80%
1 Year Change7.41%
3 Year Change91.84%
5 Year Change51.69%
Change since IPO260.93%

Recent News & Updates

Sep 24
An Intrinsic Calculation For KION GROUP AG (ETR:KGX) Suggests It's 46% Undervalued

An Intrinsic Calculation For KION GROUP AG (ETR:KGX) Suggests It's 46% Undervalued

In this article we are going to estimate the intrinsic value of KION GROUP AG ( ETR:KGX ) by taking the forecast future...

Sep 11
These 4 Measures Indicate That KION GROUP (ETR:KGX) Is Using Debt Reasonably Well

These 4 Measures Indicate That KION GROUP (ETR:KGX) Is Using Debt Reasonably Well

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...

Aug 01
KION GROUP's (ETR:KGX) Returns On Capital Not Reflecting Well On The Business

KION GROUP's (ETR:KGX) Returns On Capital Not Reflecting Well On The Business

What are the early trends we should look for to identify a stock that could multiply in value over the long term...

Jul 18
Why KION GROUP AG (ETR:KGX) Could Be Worth Watching

Why KION GROUP AG (ETR:KGX) Could Be Worth Watching

KION GROUP AG ( ETR:KGX ) received a lot of attention from a substantial price movement on the XTRA over the last few...

Jun 19
An Intrinsic Calculation For KION GROUP AG (ETR:KGX) Suggests It's 37% Undervalued

An Intrinsic Calculation For KION GROUP AG (ETR:KGX) Suggests It's 37% Undervalued

Today we will run through one way of estimating the intrinsic value of KION GROUP AG ( ETR:KGX ) by estimating the...

Shareholder Returns

KGXDE MachineryDE Market
7D6.8%2.6%2.4%
1Y7.4%18.6%21.8%

Return vs Industry: KGX underperformed the German Machinery industry which returned 18.6% over the past year.

Return vs Market: KGX underperformed the German Market which returned 21.8% over the past year.

Price Volatility

Is KGX's price volatile compared to industry and market?
KGX volatility
KGX Beta1.31
Industry Beta1.13
Market Beta1

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

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

About the Company

FoundedEmployeesCEOWebsite
200637,718Koln Riskehttps://www.kiongroup.com

KION GROUP AG provides industrial trucks, warehouse technology, supply chain solutions, and related services worldwide. The company operates through Industrial Trucks and Services, Supply Chain Solutions, and Corporate Services segments. It develops, manufactures, and sells forklifts and warehouse trucks, such as counterbalance trucks with electric drive and internal combustion engine, ride-on and hand-operated industrial trucks, and towing vehicles under the Linde, Fenwick, STILL, Baoli, and OM Voltas brand names.

KION GROUP Fundamentals Summary

How do KION GROUP's earnings and revenue compare to its market cap?
KGX fundamental statistics
Market Cap€11.21b
Earnings (TTM)€451.50m
Revenue (TTM)€9.38b

24.8x

P/E Ratio

1.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
KGX income statement (TTM)
Revenue€9.38b
Cost of Revenue€7.03b
Gross Profit€2.35b
Expenses€1.90b
Earnings€451.50m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 26, 2021

Earnings per share (EPS)3.44
Gross Margin25.02%
Net Profit Margin4.81%
Debt/Equity Ratio21.7%

How did KGX perform over the long term?

See historical performance and comparison

Dividends

0.5%

Current Dividend Yield

11%

Payout Ratio

Valuation

Is KION GROUP undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: KGX (€85.54) is trading below our estimate of fair value (€172.27)

Significantly Below Fair Value: KGX is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: KGX is good value based on its PE Ratio (24.8x) compared to the German Machinery industry average (24.9x).

PE vs Market: KGX is poor value based on its PE Ratio (24.8x) compared to the German market (22.6x).


Price to Earnings Growth Ratio

PEG Ratio: KGX is poor value based on its PEG Ratio (1.5x)


Price to Book Ratio

PB vs Industry: KGX is overvalued based on its PB Ratio (2.3x) compared to the DE Machinery industry average (2x).


Future Growth

How is KION GROUP forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

16.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KGX's forecast earnings growth (16.9% per year) is above the savings rate (-0.01%).

Earnings vs Market: KGX's earnings (16.9% per year) are forecast to grow faster than the German market (12.6% per year).

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

Revenue vs Market: KGX's revenue (7% per year) is forecast to grow faster than the German market (5.9% per year).

High Growth Revenue: KGX's revenue (7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: KGX's Return on Equity is forecast to be low in 3 years time (13.8%).


Past Performance

How has KION GROUP performed over the past 5 years?

5.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KGX has high quality earnings.

Growing Profit Margin: KGX's current net profit margins (4.8%) are higher than last year (3.4%).


Past Earnings Growth Analysis

Earnings Trend: KGX's earnings have grown by 5% per year over the past 5 years.

Accelerating Growth: KGX's earnings growth over the past year (56.4%) exceeds its 5-year average (5% per year).

Earnings vs Industry: KGX earnings growth over the past year (56.4%) exceeded the Machinery industry 21%.


Return on Equity

High ROE: KGX's Return on Equity (9.5%) is considered low.


Financial Health

How is KION GROUP's financial position?


Financial Position Analysis

Short Term Liabilities: KGX's short term assets (€3.9B) do not cover its short term liabilities (€4.5B).

Long Term Liabilities: KGX's short term assets (€3.9B) do not cover its long term liabilities (€5.5B).


Debt to Equity History and Analysis

Debt Level: KGX's debt to equity ratio (21.7%) is considered satisfactory.

Reducing Debt: KGX's debt to equity ratio has reduced from 47.3% to 21.7% over the past 5 years.

Debt Coverage: KGX's debt is well covered by operating cash flow (93.8%).

Interest Coverage: KGX's interest payments on its debt are well covered by EBIT (13.9x coverage).


Balance Sheet


Dividend

What is KION GROUP current dividend yield, its reliability and sustainability?

0.48%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: KGX's dividend (0.48%) isn’t notable compared to the bottom 25% of dividend payers in the German market (0.97%).

High Dividend: KGX's dividend (0.48%) is low compared to the top 25% of dividend payers in the German market (3.26%).


Stability and Growth of Payments

Stable Dividend: KGX has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: KGX's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (11.4%), KGX's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: KGX's dividends in 3 years are forecast to be well covered by earnings (26% payout ratio).


Next Steps

Management

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

2.4yrs

Average management tenure


CEO

Koln Riske (64 yo)

13.58yrs

Tenure

€4,131,000

Compensation

Mr. Gordon Riske, also known as Koln, serves as Non-Executive Director at Weichai International Hong Kong Energy Group Co., Limited. He has been Independent Director of Atlas Copco AB since April 23, 2020....


CEO Compensation Analysis

Compensation vs Market: Koln's total compensation ($USD4.79M) is about average for companies of similar size in the German market ($USD4.37M).

Compensation vs Earnings: Koln's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: KGX's management team is considered experienced (2.4 years average tenure).


Board Members

Experienced Board: KGX's board of directors are considered experienced (6.8 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 been diluted in the past year, with total shares outstanding growing by 11.1%.


Top Shareholders

Company Information

KION GROUP AG's employee growth, exchange listings and data sources


Key Information

  • Name: KION GROUP AG
  • Ticker: KGX
  • Exchange: XTRA
  • Founded: 2006
  • Industry: Construction Machinery and Heavy Trucks
  • Sector: Capital Goods
  • Market Cap: €11.213b
  • Shares outstanding: 131.09m
  • Website: https://www.kiongroup.com

Number of Employees


Location

  • KION GROUP AG
  • Thea-Rasche-Strasse 8
  • Frankfurt am Main
  • Hessen
  • 60549
  • Germany

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/16 17:54
End of Day Share Price2021/10/15 00:00
Earnings2021/06/30
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.