KION GROUP AG

XTRA:KGX Stock Report

Market Cap: €5.7b

KION GROUP Future Growth

Future criteria checks 3/6

KION GROUP is forecast to grow earnings and revenue by 21.4% and 5.4% per annum respectively. EPS is expected to grow by 21.6% per annum. Return on equity is forecast to be 9.3% in 3 years.

Key information

21.4%

Earnings growth rate

21.56%

EPS growth rate

Machinery earnings growth25.0%
Revenue growth rate5.4%
Future return on equity9.32%
Analyst coverage

Good

Last updated04 May 2026

Recent future growth updates

Analysis Article • Nov 04

KION GROUP AG Just Beat EPS By 8.7%: Here's What Analysts Think Will Happen Next

It's been a pretty great week for KION GROUP AG ( ETR:KGX ) shareholders, with its shares surging 12% to €64.00 in the...

Recent updates

Narrative Update • May 27

KGX: AI Warehouse Automation And Physical AI Partnerships Will Drive Future Repricing Potential

Analyst price targets for KION GROUP have been reaffirmed around €71, with slightly adjusted model inputs as analysts balance recent rating changes and mixed target moves across the Street. Analyst Commentary Recent Street research on KION GROUP has been mixed, but there is a clear pocket of optimism from bullish analysts who see value in the shares at current levels and are willing to raise or reiterate constructive views.
Narrative Update • May 10

KGX: AI Warehouse Automation Progress Will Drive Future Repricing Potential

Analysts have reduced the fair value estimate for KION GROUP from €79.00 to €71.00, reflecting a series of lowered price targets and slightly more cautious assumptions on discount rate, growth and margins, even as some firms have become more constructive on the stock. Analyst Commentary Street research around KION GROUP has turned more mixed, but there are several clearly optimistic threads that stand out.
Narrative Update • Apr 17

KGX: AI Warehouse Automation Will Reframe Execution Risks Under Higher Required Returns

Analysts have trimmed the KION GROUP fair value estimate from €65.15 to €61.87 as several firms cut price targets in recent research, citing a higher required return (measured as a higher discount rate), despite slightly firmer assumptions for revenue growth and profit margins. Analyst Commentary Recent research on KION GROUP shows both supportive and cautious views, with price targets and ratings moving in different directions as analysts reassess risk, required returns and execution.
Narrative Update • Apr 03

KGX: AI Warehouse Automation And Lumpy Volumes Will Shape Future Upside

Analysts have raised the fair value estimate for KION GROUP from €48.50 to €52.00, reflecting updated assumptions on discount rate, revenue growth, profit margin and future P/E after a mix of recent price target changes and rating moves from the Street. Analyst Commentary Recent Street research paints a mixed picture for KION GROUP, with price target changes and rating shifts pointing to both optimism and caution.
Narrative Update • Mar 19

KGX: Warehouse Automation Upside Will Drive Future Repricing Potential

Analysts have kept the KION GROUP fair value unchanged at €79.00, while adjusting assumptions on discount rate, revenue growth, profit margins and future P/E. This reflects a mix of recent target changes that range from Jefferies lifting its target to €56.00 and moving to Hold, BNP Paribas trimming to €59.00 with a Neutral stance, and JPMorgan nudging its target up to €75.00 and maintaining an Overweight rating.
Narrative Update • Mar 05

KGX: Mixed Volume Recovery And Margin Risks Will Likely Restrain Future Upside

The analyst fair value estimate for KION GROUP has edged down from €49.41 to €48.50, reflecting a slightly higher discount rate, a lower assumed profit margin, and mixed Street views, with some analysts raising price targets while others trim ratings and targets as they anticipate uneven volume recovery and limited downside after the recent share pullback. Analyst Commentary Recent research on KION GROUP points to a split view, with some firms turning more constructive while others step back and flag execution and growth risks.
Narrative Update • Feb 19

KGX: Higher Future P/E Assumptions Will Drive Upside Potential

Our analyst fair value estimate for KION GROUP has shifted from €67.00 to €79.00, reflecting updated assumptions on growth, margins, and a higher future P/E multiple in the context of recent Street target revisions from Citi and JPMorgan. Analyst Commentary Recent Street research around KION GROUP has been active, with price targets adjusted and ratings updated as analysts refresh their views on the company.
Analysis Article • Feb 15

Is KION GROUP (ETR:KGX) A Risky Investment?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Narrative Update • Feb 05

KGX: Fair Outlook Will Balance Execution Risks With AI Automation Opportunities

Narrative Update: KION GROUP Analyst Price Target Shift The updated analyst price target for KION GROUP reflects a modest fair value adjustment from €66.22 to about €65.15. Analysts are factoring in slightly softer revenue growth expectations, along with marginally higher profit margin and discount rate assumptions, following recent target cuts and rating changes from the Street.
Narrative Update • Jan 22

KGX: Fair Outlook Will Balance AI Automation Push With Execution Scrutiny

Narrative Update Analysts have made a modest adjustment to the KION GROUP narrative fair value, lifting it by about €0.51 to €66.22, reflecting slightly updated assumptions on discount rate, revenue growth, profit margin and future P/E after recent price target tweaks from €65 to €66 and from €74.20 to €73.80. Analyst Commentary Recent research updates around KION GROUP have focused on fine tuning price targets rather than making major changes to the overall thesis.
Analysis Article • Jan 13

Is There An Opportunity With KION GROUP AG's (ETR:KGX) 46% Undervaluation?

Key Insights KION GROUP's estimated fair value is €121 based on 2 Stage Free Cash Flow to Equity KION GROUP's €65.60...
Narrative Update • Jan 07

KGX: Fair Outlook Balances Automation And AI Adoption With Execution Risk

Analysts have slightly increased their fair value estimate for KION GROUP, raising the price target from €65 to €66 to reflect updated assumptions around discount rates, profit margins and future P/E. Analyst Commentary Recent research reflects a modestly higher conviction in KION GROUP, with the fair value estimate now at €66.
Narrative Update • Dec 19

KGX: Rising Execution Risks Will Likely Cap Future Share Price Upside

Analysts have raised their price target on KION GROUP to approximately EUR 49.41 from about EUR 43.59, citing higher expectations for revenue growth, slightly stronger margins, and recent target increases from other firms. Analyst Commentary Recent Street research on KION GROUP reflects a constructive but increasingly selective stance among market watchers, with rising price targets tempered by growing scrutiny of execution and valuation risks.
Narrative Update • Dec 05

KGX: Future Upside Will Reflect Automation Demand And AI Warehouse Adoption

Analysts have nudged their price target for KION GROUP higher to approximately EUR 64.45 from about EUR 63.37, citing slightly lower perceived risk, marginally stronger long term revenue and margin expectations, and support from recent Street research that has repeatedly lifted 12 month targets while reiterating Buy ratings. Analyst Commentary Bullish analysts have steadily lifted their 12 month price targets for KION GROUP, signaling growing conviction that the company can deliver above consensus earnings growth and sustain improving margins over the medium term.
Narrative Update • Nov 21

KGX: Future Upside Will Reflect Improving Sector Momentum and Industry Position

KION GROUP's analyst price target has increased slightly from €62.57 to €63.37. This change reflects analysts’ optimism following recent target raises and continued Buy ratings, which are driven by stable growth and improving industry sentiment.
Narrative Update • Nov 06

KGX: Future Performance Will Reflect Ongoing Momentum and Sector Expectations

KION GROUP's analyst price target has increased from €60.80 to €62.57. This reflects analysts' optimism due to improved revenue growth projections and recent upward revisions in price targets from major research firms.
Analysis Article • Nov 04

KION GROUP AG Just Beat EPS By 8.7%: Here's What Analysts Think Will Happen Next

It's been a pretty great week for KION GROUP AG ( ETR:KGX ) shareholders, with its shares surging 12% to €64.00 in the...
Narrative Update • Oct 22

Analyst Commentary Highlights Rising Optimism and Modest Valuation Upgrades for KION GROUP

KION GROUP's analyst price target has increased slightly, rising from approximately €59.73 to €60.80. Analysts cite improving revenue growth, stable profit margins, and positive sentiment reflected in recent target raises by major banks.
Analysis Article • Oct 22

KION GROUP (ETR:KGX) Has A Somewhat Strained Balance Sheet

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Narrative Update • Oct 08

Warehouse Automation And Digitalization Will Transform Global Supply Chains

KION GROUP's analyst price target has been modestly increased from €58.75 to €59.73. This reflects analysts' improved outlook, driven by signs of steady revenue growth and recent upward revisions from major banks.
Analysis Article • Oct 08

KION GROUP (ETR:KGX) Might Be Having Difficulty Using Its Capital Effectively

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...
Analysis Article • Aug 29

Is KION GROUP AG (ETR:KGX) Trading At A 39% Discount?

Key Insights The projected fair value for KION GROUP is €92.96 based on 2 Stage Free Cash Flow to Equity KION GROUP is...
Narrative Update • Aug 27

Warehouse Automation And Digitalization Will Transform Global Supply Chains

KION GROUP’s analyst price target has been modestly raised to €58.75 as stronger Q2 results, improved near-term outlook, and margin gains drive bullish sentiment—though valuation concerns persist after the recent share rally. Analyst Commentary Bullish analysts cite strong Q2 operational performance and improved near-term outlook as key drivers for increasing price targets.
Analysis Article • Jul 26

Is KION GROUP AG (ETR:KGX) Potentially Undervalued?

While KION GROUP AG ( ETR:KGX ) might not have the largest market cap around , it led the XTRA gainers with a...
Analysis Article • Jul 11

Market Participants Recognise KION GROUP AG's (ETR:KGX) Earnings Pushing Shares 26% Higher

KION GROUP AG ( ETR:KGX ) shares have continued their recent momentum with a 26% gain in the last month alone. Looking...
Analysis Article • Jul 06

KION GROUP (ETR:KGX) Takes On Some Risk With Its Use Of Debt

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article • Jun 21

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...
User avatar
New Narrative • Dec 14

Eurofork Partnership And AI Focus Will Propel Automation Innovation And Boost Margins

Strategic partnerships and investments in automation and AI may boost KION's product offerings, innovation pace, and revenue growth.

Earnings and Revenue Growth Forecasts

XTRA:KGX - Analysts future estimates and past financials data (EUR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202813,0246478231,24811
12/31/202712,4495617091,13414
12/31/202611,7444156921,06214
3/31/202611,2813687511,124N/A
12/31/202511,2972307361,132N/A
9/30/202511,2682727141,152N/A
6/30/202511,2632306941,147N/A
3/31/202511,4322046961,157N/A
12/31/202411,5033607081,171N/A
9/30/202411,5223327901,240N/A
6/30/202411,5533406641,127N/A
3/31/202411,5123436551,110N/A
12/31/202311,4343067011,144N/A
9/30/202311,240258570981N/A
6/30/202311,21627391471N/A
3/31/202311,18291-195182N/A
12/31/202211,13698-729-346N/A
9/30/202211,004205-574-187N/A
6/30/202210,863246-36511N/A
3/31/202210,654511-162195N/A
12/31/202110,294568548882N/A
9/30/20219,875503405698N/A
6/30/20219,382452690967N/A
3/31/20218,689283659920N/A
12/31/20208,342215243527N/A
9/30/20208,283255489778N/A
6/30/20208,370289469774N/A
3/31/20208,751431341654N/A
12/31/20198,807455N/A846N/A
9/30/20198,750493N/A744N/A
6/30/20198,485471N/A731N/A
3/31/20198,236424N/A835N/A
12/31/20187,996400N/A766N/A
9/30/20187,734444N/A640N/A
6/30/20187,670425N/A578N/A
3/31/20187,640450N/A650N/A
12/31/20177,598421N/A712N/A
9/30/20177,374306N/A562N/A
6/30/20176,825294N/A576N/A
3/31/20176,168253N/A506N/A
12/31/20165,587246N/A414N/A
9/30/20165,288236N/A297N/A
6/30/20165,242220N/A360N/A
3/31/20165,154209N/A431N/A
12/31/20155,098217N/A455N/A
9/30/20154,963202N/A652N/A
6/30/20154,865210N/A624N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: KGX's forecast earnings growth (21.4% per year) is above the savings rate (1.9%).

Earnings vs Market: KGX's earnings (21.4% per year) are forecast to grow faster than the German market (17.3% per year).

High Growth Earnings: KGX's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: KGX's revenue (5.4% per year) is forecast to grow slower than the German market (6.7% per year).

High Growth Revenue: KGX's revenue (5.4% 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 (9.3%).

Discover growth companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/29 23:54
End of Day Share Price 2026/05/29 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

KION GROUP AG is covered by 29 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Timothy LeeBarclays
Lasse StuebenBerenberg
Philippe LorrainBernstein