KION GROUP
Market Cap
€5.9b
Last Updated
2020/05/31 23:38 UTC
Data Sources
Company Financials +
Executive Summary
KION GROUP AG provides industrial trucks, warehouse technology, supply chain solutions, and related services worldwide.
Rewards
Risk Analysis
Snowflake Analysis
Undervalued with reasonable growth potential.
Similar Companies
Share Price & News
How has KION GROUP's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: KGX's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
11.5%
KGX
4.7%
DE Machinery
3.1%
DE Market
1 Year Return
2.8%
KGX
-13.4%
DE Machinery
0.1%
DE Market
Return vs Industry: KGX exceeded the German Machinery industry which returned -14% over the past year.
Return vs Market: KGX exceeded the German Market which returned 0.2% over the past year.
Shareholder returns
| KGX | Industry | Market | |
|---|---|---|---|
| 7 Day | 11.5% | 4.7% | 3.1% |
| 30 Day | 10.8% | 9.3% | 5.6% |
| 90 Day | 3.1% | -3.7% | -1.8% |
| 1 Year | 2.8%2.8% | -12.4%-13.4% | 1.8%0.1% |
| 3 Year | -22.8%-25.5% | -35.6%-39.4% | -7.2%-14.3% |
| 5 Year | 27.4%19.5% | -15.7%-24.3% | 4.3%-9.1% |
Price Volatility Vs. Market
How volatile is KION GROUP's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall St
How Does KION GROUP AG's (ETR:KGX) Earnings Growth Stack Up Against Industry Performance?2 months ago | Simply Wall St
How Does KION GROUP's (ETR:KGX) P/E Compare To Its Industry, After The Share Price Drop?2 months ago | Simply Wall St
KION GROUP AG's (ETR:KGX) 2.5% Dividend Yield Looks Pretty InterestingValuation
Is KION GROUP undervalued compared to its fair value and its price relative to the market?
30.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: KGX (€50.2) is trading below our estimate of fair value (€72.48)
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 (13x) compared to the Machinery industry average (16x).
PE vs Market: KGX is good value based on its PE Ratio (13x) compared to the German market (19.3x).
Price to Earnings Growth Ratio
PEG Ratio: KGX is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: KGX is overvalued based on its PB Ratio (1.7x) compared to the DE Machinery industry average (1.3x).
Next Steps
Future Growth
How is KION GROUP forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?
27.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: KGX's forecast earnings growth (27.9% per year) is above the savings rate (0.2%).
Earnings vs Market: KGX's earnings (27.9% per year) are forecast to grow faster than the German market (21.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: KGX's revenue (7% per year) is forecast to grow faster than the German market (5.8% 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 (10.7%).
Next Steps
Past Performance
How has KION GROUP performed over the past 5 years?
20.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KGX has high quality earnings.
Growing Profit Margin: KGX's current net profit margins (4.9%) are lower than last year (5.2%).
Past Earnings Growth Analysis
Earnings Trend: KGX's earnings have grown by 20% per year over the past 5 years.
Accelerating Growth: KGX's earnings growth over the past year (1.2%) is below its 5-year average (20% per year).
Earnings vs Industry: KGX earnings growth over the past year (1.2%) exceeded the Machinery industry -20.2%.
Return on Equity
High ROE: KGX's Return on Equity (11.8%) is considered low.
Next Steps
Financial Health
How is KION GROUP's financial position?
Financial Position Analysis
Short Term Liabilities: KGX's short term assets (€3.1B) do not cover its short term liabilities (€3.9B).
Long Term Liabilities: KGX's short term assets (€3.1B) do not cover its long term liabilities (€6.3B).
Debt to Equity History and Analysis
Debt Level: KGX's debt to equity ratio (51.2%) is considered high.
Reducing Debt: KGX's debt to equity ratio has reduced from 55.2% to 51.2% over the past 5 years.
Debt Coverage: KGX's debt is well covered by operating cash flow (35.9%).
Interest Coverage: KGX's interest payments on its debt are well covered by EBIT (9.4x coverage).
Balance Sheet
Next Steps
Dividend
What is KION GROUP's current dividend yield, its reliability and sustainability?
2.59%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: KGX's dividend (2.59%) is higher than the bottom 25% of dividend payers in the German market (1.28%).
High Dividend: KGX's dividend (2.59%) is low compared to the top 25% of dividend payers in the German market (3.93%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, KGX has been paying a dividend for less than 10 years.
Growing Dividend: KGX's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (33.7%), KGX's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: KGX's dividends in 3 years are forecast to be well covered by earnings (30.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.3yrs
Average management tenure
CEO
Köln Riske (62yo)
12.17yrs
Tenure
€4,454,000
Compensation
Mr. Gordon Riske, also known as Köln, 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: Köln's total compensation ($USD4.95M) is above average for companies of similar size in the German market ($USD3.47M).
Compensation vs Earnings: Köln's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Member of Executive Board | 12.17yrs | €4.45m | no data | |
| CFO, Labour Relations Director & Member of Executive Board | 1.83yrs | €2.56m | no data | |
| Chief of APAC & Americas Officer and Member of the Executive Board | 7.33yrs | €2.53m | no data | |
| CTO & Member of Executive Board | 4.75yrs | €2.21m | no data | |
| Senior VP of Corporate Strategy & Investor Relations | no data | no data | no data | |
| Head of Legal & Corporate Office | no data | no data | no data | |
| Senior Vice President of Corporate Communications | no data | no data | no data | |
| Executive Vice President of Corporate Strategy | 8.33yrs | no data | no data | |
| President & CEO of KION North America | no data | no data | no data |
7.3yrs
Average Tenure
52yo
Average Age
Experienced Management: KGX's management team is seasoned and experienced (7.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Member of Supervisory Board | 13.17yrs | €76.50k | no data | |
| Employee Representative Member of Supervisory Board | 5.58yrs | €79.50k | no data | |
| Chairman of the Supervisory Board | 1yr | €168.58k | no data | |
| Member of Supervisory Board | 1yr | €38.17k | no data | |
| Independent Member of Supervisory Board | 5.33yrs | €62.50k | no data | |
| Member of Supervisory Board | 7.42yrs | €76.50k | no data | |
| Employee Representative Deputy Chairman of Supervisory Board | 4.33yrs | €136.00k | no data | |
| Independent Member of the Supervisory Board | 6.83yrs | €127.50k | no data | |
| Employee Representative Member of Supervisory Board | 6.58yrs | €104.50k | no data | |
| Member of Supervisory Board | 5.33yrs | €62.50k | no data |
5.5yrs
Average Tenure
58.5yo
Average Age
Experienced Board: KGX's board of directors are considered experienced (5.5 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
KION GROUP AG's company bio, 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: €5.922b
- Shares outstanding: 117.96m
- Website: https://www.kiongroup.com
Number of Employees
Location
- KION GROUP AG
- Thea-Rasche-Strasse 8
- Frankfurt am Main
- Hessen
- 60549
- Germany
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| KGX | DB (Deutsche Boerse AG) | Yes | Bearer Shares | DE | EUR | Jun 2013 |
| KGX | XTRA (XETRA Trading Platform) | Yes | Bearer Shares | DE | EUR | Jun 2013 |
| 0QFU | LSE (London Stock Exchange) | Yes | Bearer Shares | GB | EUR | Jun 2013 |
| KGXD | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Bearer Shares | GB | EUR | Jun 2013 |
| KGX | WBAG (Wiener Boerse AG) | Yes | Bearer Shares | AT | EUR | Jun 2013 |
| KGX N | BMV (Bolsa Mexicana de Valores) | Yes | Bearer Shares | MX | MXN | Jun 2013 |
| KGX | SWX (SIX Swiss Exchange) | Yes | Bearer Shares | CH | CHF | Jun 2013 |
| KNNG.F | OTCPK (Pink Sheets LLC) | Yes | Bearer Shares | US | USD | Jun 2013 |
| KGX | ETLX (Eurotlx) | Yes | Bearer Shares | IT | EUR | Jun 2013 |
| KIGR.Y | OTCPK (Pink Sheets LLC) | UNSP ADR EA REPR 0.25 ORD | US | USD | Jul 2015 | |
| KGX1 | DB (Deutsche Boerse AG) | UNSP ADR EA REPR 0.25 ORD | DE | EUR | Jul 2015 |
Biography
KION GROUP AG provides industrial trucks, warehouse technology, supply chain solutions, and related services worldwide. The company operates through Industrial Trucks and Services, and Supply Chain Solutions 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, towing vehicles, and automated trucks and autonomous trucks under the Linde, Fenwick, STILL, OM STILL, Baoli, and OM Voltas brands. The company also manufactures and sells spare parts; leases industrial trucks and related items; offers maintenance and repair services; and finances long-term leases. In addition, it provides integrated technology and software solutions, including conveyors, sorters, storage and retrieval systems, picking equipment, palletisers, and robotic solutions under the Dematic brand name. The company was formerly known as KION Holding 1 GmbH. KION GROUP AG was founded in 2006 and is headquartered in Frankfurt am Main, Germany.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/05/31 23:38 |
| End of Day Share Price | 2020/05/29 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
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.