XTRA:KRN

Stock Analysis Report

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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


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

KRNIndustryMarket
7 Day6.6%-1.4%0.4%
30 Day22.4%7.7%9.4%
90 Day18.3%3.7%4.0%
1 Year2.3%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

Valuation

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

NamePositionTenureCompensationOwnership
Christoph Klenk
Chairman of Executive Board & CEO4.92yrs€829.00kno data
Thomas Ricker
Chief Sales Officer & Member of Executive Board8.92yrs€562.00kno data
Markus Tischer
Member of Executive Board6.92yrs€497.00kno data
Ralf Goldbrunner
Member of Executive Board6.25yrs€511.00kno data
Klaus Gerlach
Head of Central Intrl Ops & Services and Emp. Rep. Member of Supervisory Boardno data€41.00kno data
Norbert Broger
CFO & Member of Executive Board0.92yrno datano data
Olaf Scholz
Head of Investor Relationsno datano datano data
Roland Pokorny
Head of Corporate Communicationsno datano datano data
Ulrich Noll
Head of Finance & Administration - Africa/Middle Eastno datano datano data
Ingrid Reuschl
Head of Public Relationsno datano datano 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

NamePositionTenureCompensationOwnership
Klaus Gerlach
Head of Central Intrl Ops & Services and Emp. Rep. Member of Supervisory Boardno data€41.00kno data
Hans-Jürgen Thaus
Independent Member of Supervisory Board6.5yrs€54.00kno data
Volker Kronseder
Chairman of Supervisory Board4.5yrs€109.50k37.17%
€ 721.6m
Norman Kronseder
Member of Supervisory Boardno data€57.00kno data
Robert Friedmann
Independent Member of Supervisory Board2.5yrs€39.50kno data
Petra Schadeberg-Herrmann
Member of Supervisory Board9.5yrs€41.00kno data
Josef Weitzer
Employee Representative Deputy Chairman of Supervisory Board0.92yr€57.00kno data
Jürgen Scholz
Employee Representative Member of the Supervisory Board13.5yrs€51.00kno data
Verena Di Pasquale
Employee Representative Member of Supervisory Board6.42yrs€41.00kno data
Susanne Nonnast
Independent Member of Supervisory Board4.5yrs€41.00kno data
Beate Eva Pöpperl
Employee Representative Member of Supervisory Board3.42yrs€41.00kno data
Oliver Grober
Employee Representative Member of Supervisory Board2.5yrs€41.00kno 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KRNN.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDSep 1998
KRNDB (Deutsche Boerse AG)YesOrdinary SharesDEEURSep 1998
KRNXTRA (XETRA Trading Platform)YesOrdinary SharesDEEURSep 1998
0LQ4LSE (London Stock Exchange)YesOrdinary SharesGBEURSep 1998
KRNDBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURSep 1998
KRNSWX (SIX Swiss Exchange)YesOrdinary SharesCHCHFSep 1998
KRNWBAG (Wiener Boerse AG)YesOrdinary SharesATEURSep 1998
KRNT.YOTCPK (Pink Sheets LLC)UNSP ADR EACH REP 0.5 ORD SHSUSUSDAug 2008
KRNUDB (Deutsche Boerse AG)UNSP ADR EACH REP 0.5 ORD SHSDEEURAug 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/04 20:23
End of Day Share Price2020/12/04 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.