Krones
Market Cap
€1.9b
Last Updated
2020/12/04 20:23 UTC
Data Sources
Company Financials +
Executive Summary
Krones AG, together with its subsidiaries, engages in planning, developing, and manufacturing machinery and systems for the fields of process technology, filling and packaging technology, and intralogistics in Germany and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet with moderate growth potential.
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 +/- 5% a week.
Volatility Over Time: KRN's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
6.6%
KRN
-1.4%
DE Machinery
0.4%
DE Market
1 Year Return
0.9%
KRN
6.3%
DE Machinery
2.3%
DE Market
Return vs Industry: KRN underperformed the German Machinery industry which returned 6.3% over the past year.
Return vs Market: KRN underperformed the German Market which returned 2.3% over the past year.
Shareholder returns
| KRN | Industry | Market | |
|---|---|---|---|
| 7 Day | 6.6% | -1.4% | 0.4% |
| 30 Day | 22.4% | 7.7% | 9.4% |
| 90 Day | 18.3% | 3.7% | 4.0% |
| 1 Year | 2.3%0.9% | 8.8%6.3% | 5.6%2.3% |
| 3 Year | -37.6%-40.8% | -29.5%-34.0% | 4.4%-4.7% |
| 5 Year | -35.7%-40.8% | -6.4%-16.2% | 26.8%9.0% |
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
2 weeks ago | Simply Wall St
What Does Krones AG's (ETR:KRN) Share Price Indicate?1 month ago | Simply Wall St
Krones AG (ETR:KRN) Investors Should Think About This Before Buying It For Its Dividend3 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?
14.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: KRN (€63.75) is trading below our estimate of fair value (€74.6)
Significantly Below Fair Value: KRN is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: KRN is unprofitable, so we can't compare its PE Ratio to the DE 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 (1.5x) is in line with the DE Machinery industry average.
Next Steps
Future Growth
How is Krones forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
98.3%
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 (0.2%).
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 (4.7% per year) is forecast to grow slower than the German market (5.9% per year).
High Growth Revenue: KRN's revenue (4.7% 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 (8.6%).
Next Steps
Past Performance
How has Krones performed over the past 5 years?
-24.8%
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 24.8% 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 (-48%).
Return on Equity
High ROE: KRN has a negative Return on Equity (-1.04%), as it is currently unprofitable.
Next Steps
Financial Health
How is Krones's financial position?
Financial Position Analysis
Short Term Liabilities: KRN's short term assets (€2.0B) exceed its short term liabilities (€1.4B).
Long Term Liabilities: KRN's short term assets (€2.0B) exceed its long term liabilities (€428.3M).
Debt to Equity History and Analysis
Debt Level: KRN's debt to equity ratio (19.4%) is considered satisfactory.
Reducing Debt: KRN had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: KRN's debt is well covered by operating cash flow (88.3%).
Interest Coverage: KRN is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Next Steps
Dividend
What is Krones's current dividend yield, its reliability and sustainability?
1.18%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: KRN's dividend (1.18%) is higher than the bottom 25% of dividend payers in the German market (1.14%).
High Dividend: KRN's dividend (1.18%) is low compared to the top 25% of dividend payers in the German market (3.71%).
Stability and Growth of Payments
Stable Dividend: KRN's dividend payments have been volatile in the past 10 years.
Growing Dividend: KRN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: KRN is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: KRN's dividends in 3 years are forecast to be well covered by earnings (31.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.3yrs
Average management tenure
CEO
Christoph Klenk (57 yo)
4.92yrs
Tenure
€829,000
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 ($USD1.01M) is below average for companies of similar size in the German market ($USD1.59M).
Compensation vs Earnings: Christoph's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of Executive Board & CEO | 4.92yrs | €829.00k | no data | |
| Chief Sales Officer & Member of Executive Board | 8.92yrs | €562.00k | no data | |
| Member of Executive Board | 6.92yrs | €497.00k | no data | |
| Member of Executive Board | 6.25yrs | €511.00k | no data | |
| Head of Central Intrl Ops & Services and Emp. Rep. Member of Supervisory Board | no data | €41.00k | no data | |
| CFO & Member of Executive Board | 0.92yr | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Head of Corporate Communications | no data | no data | no data | |
| Head of Finance & Administration - Africa/Middle East | no data | no data | no data | |
| Head of Public Relations | no data | no data | no data |
6.3yrs
Average Tenure
52yo
Average Age
Experienced Management: KRN's management team is seasoned and experienced (6.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Head of Central Intrl Ops & Services and Emp. Rep. Member of Supervisory Board | no data | €41.00k | no data | |
| Independent Member of Supervisory Board | 6.5yrs | €54.00k | no data | |
| Chairman of Supervisory Board | 4.5yrs | €109.50k | 37.17% € 721.6m | |
| Member of Supervisory Board | no data | €57.00k | no data | |
| Independent Member of Supervisory Board | 2.5yrs | €39.50k | no data | |
| Member of Supervisory Board | 9.5yrs | €41.00k | no data | |
| Employee Representative Deputy Chairman of Supervisory Board | 0.92yr | €57.00k | no data | |
| Employee Representative Member of the Supervisory Board | 13.5yrs | €51.00k | no data | |
| Employee Representative Member of Supervisory Board | 6.42yrs | €41.00k | no data | |
| Independent Member of Supervisory Board | 4.5yrs | €41.00k | no data | |
| Employee Representative Member of Supervisory Board | 3.42yrs | €41.00k | no data | |
| Employee Representative Member of Supervisory Board | 2.5yrs | €41.00k | no data |
4.5yrs
Average Tenure
58yo
Average Age
Experienced Board: KRN's board of directors are considered experienced (4.5 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
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: €1.941b
- Shares outstanding: 31.59m
- Website: https://www.krones.com
Number of Employees
Location
- Krones AG
- Böhmerwaldstrasse 5
- Neutraubling
- Bavaria
- 93073
- Germany
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| KRNN.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Sep 1998 |
| KRN | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Sep 1998 |
| KRN | XTRA (XETRA Trading Platform) | Yes | Ordinary Shares | DE | EUR | Sep 1998 |
| 0LQ4 | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Sep 1998 |
| KRND | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Sep 1998 |
| KRN | SWX (SIX Swiss Exchange) | Yes | Ordinary Shares | CH | CHF | Sep 1998 |
| KRN | WBAG (Wiener Boerse AG) | Yes | Ordinary Shares | AT | EUR | Sep 1998 |
| KRNT.Y | OTCPK (Pink Sheets LLC) | UNSP ADR EACH REP 0.5 ORD SHS | US | USD | Aug 2008 | |
| KRNU | DB (Deutsche Boerse AG) | UNSP ADR EACH REP 0.5 ORD SHS | DE | EUR | Aug 2008 |
Biography
Krones AG, together with its subsidiaries, engages in planning, developing, and manufacturing machinery and systems for the fields of process technology, filling and packaging technology, and intralogistic...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/12/04 20:23 |
| End of Day Share Price | 2020/12/04 00:00 |
| Earnings | 2020/09/30 |
| 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.