Krones
Market Cap
€2.3b
Last Updated
2021/05/13 18:22 UTC
Data Sources
Company Financials +
Executive Summary
Krones AG, together with its subsidiaries, plans, develops, and manufactures machines and lines for the fields of process, filling, and packaging technology, and intralogistics in Germany and internationally. More Details
Rewards
Risk Analysis
No risks detected for KRN from our risk checks.
Snowflake Analysis
Reasonable growth potential with adequate balance sheet.
Similar Companies
Share Price & News
How has Krones's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: KRN is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: KRN's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
-0.1%
KRN
3.5%
DE Machinery
-1.2%
DE Market
1 Year Return
39.9%
KRN
63.4%
DE Machinery
38.9%
DE Market
Return vs Industry: KRN underperformed the German Machinery industry which returned 60.1% over the past year.
Return vs Market: KRN exceeded the German Market which returned 36.5% over the past year.
Shareholder returns
| KRN | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.1% | 3.5% | -1.2% |
| 30 Day | 3.8% | 6.4% | -2.5% |
| 90 Day | -2.1% | 7.4% | 3.9% |
| 1 Year | 41.8%39.9% | 67.2%63.4% | 44.1%38.9% |
| 3 Year | -29.9%-33.5% | -5.0%-10.1% | 18.2%7.9% |
| 5 Year | -20.4%-26.7% | 18.9%6.7% | 54.5%33.0% |
Long-Term Price Volatility Vs. Market
How volatile is Krones's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 months ago | Simply Wall St
What Does Krones AG's (ETR:KRN) Share Price Indicate?6 months ago | Simply Wall St
Krones AG (ETR:KRN) Investors Should Think About This Before Buying It For Its Dividend8 months ago | Simply Wall St
The Trends At Krones (ETR:KRN) That You Should Know AboutValuation
Is Krones undervalued compared to its fair value and its price relative to the market?
1.86x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: KRN (€73.1) is trading above our estimate of fair value (€72.26)
Significantly Below Fair Value: KRN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: KRN is unprofitable, so we can't compare its PE Ratio to the German Machinery industry average.
PE vs Market: KRN is unprofitable, so we can't compare its PE Ratio to the German market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate KRN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: KRN's PB Ratio (1.9x) is in line with the DE Machinery industry average.
Future Growth
How is Krones forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
48.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: KRN is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.01%).
Earnings vs Market: KRN is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: KRN's is expected to become profitable in the next 3 years.
Revenue vs Market: KRN's revenue (5.8% per year) is forecast to grow faster than the German market (5.4% per year).
High Growth Revenue: KRN's revenue (5.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: KRN's Return on Equity is forecast to be low in 3 years time (11.4%).
Past Performance
How has Krones performed over the past 5 years?
-40.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KRN is currently unprofitable.
Growing Profit Margin: KRN is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: KRN is unprofitable, and losses have increased over the past 5 years at a rate of 40.7% per year.
Accelerating Growth: Unable to compare KRN's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: KRN is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (-30.9%).
Return on Equity
High ROE: KRN has a negative Return on Equity (-6.95%), as it is currently unprofitable.
Financial Health
How is Krones's financial position?
Financial Position Analysis
Short Term Liabilities: KRN's short term assets (€2.1B) exceed its short term liabilities (€1.5B).
Long Term Liabilities: KRN's short term assets (€2.1B) exceed its long term liabilities (€475.8M).
Debt to Equity History and Analysis
Debt Level: KRN's debt to equity ratio (6.5%) is considered satisfactory.
Reducing Debt: KRN's debt to equity ratio has increased from 0.03% to 6.5% over the past 5 years.
Debt Coverage: KRN's debt is well covered by operating cash flow (436.4%).
Interest Coverage: KRN is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Dividend
What is Krones's current dividend yield, its reliability and sustainability?
0.082%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: KRN's dividend (0.082%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.08%).
High Dividend: KRN's dividend (0.082%) is low compared to the top 25% of dividend payers in the German market (3.23%).
Stability and Growth of Payments
Stable Dividend: KRN is not paying a notable dividend for the German market, therefore no need to check if payments are stable.
Growing Dividend: KRN is not paying a notable dividend for the German market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: KRN is not paying a notable dividend for the German market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of KRN's dividend in 3 years as they are not forecast to pay a notable one for the German market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.7yrs
Average management tenure
CEO
Christoph Klenk (57 yo)
5.33yrs
Tenure
€784,000
Compensation
Mr. Christoph Klenk has been Chief Executive Officer and Chairman of the Executive Board at Krones Ag since January 1, 2016. Mr. Klenk served as an Interim Chief Financial Officer of Krones AG since July 2...
CEO Compensation Analysis
Compensation vs Market: Christoph's total compensation ($USD946.52K) is below average for companies of similar size in the German market ($USD2.16M).
Compensation vs Earnings: Christoph's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: KRN's management team is seasoned and experienced (6.7 years average tenure).
Board Members
Experienced Board: KRN's board of directors are considered experienced (5.9 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
Krones AG's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Krones AG
- Ticker: KRN
- Exchange: XTRA
- Founded: 1951
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: €2.322b
- Shares outstanding: 31.59m
- Website: https://www.krones.com
Number of Employees
Location
- Krones AG
- Böhmerwaldstrasse 5
- Neutraubling
- Bavaria
- 93073
- Germany
Listings
Biography
Krones AG, together with its subsidiaries, plans, develops, and manufactures machines and lines for the fields of process, filling, and packaging technology, and intralogistics in Germany and international...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/05/13 18:22 |
| End of Day Share Price | 2021/05/13 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2020/12/31 |
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.