Krones Valuation

Is KRN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of KRN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: KRN (€123) is trading below our estimate of fair value (€269.31)

Significantly Below Fair Value: KRN is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for KRN?

Other financial metrics that can be useful for relative valuation.

KRN key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.8x
Enterprise Value/EBITDA7.7x
PEG Ratio1.2x

Price to Earnings Ratio vs Peers

How does KRN's PE Ratio compare to its peers?

The above table shows the PE ratio for KRN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17x
GIL DMG MORI
22.5xn/a€3.5b
G1A GEA Group
17.3x4.9%€7.0b
STM Stabilus
15.1x13.8%€1.5b
DUE Dürr
13.3x19.6%€1.5b
KRN Krones
17.3x14.6%€3.9b

Price-To-Earnings vs Peers: KRN is expensive based on its Price-To-Earnings Ratio (17.3x) compared to the peer average (17x).


Price to Earnings Ratio vs Industry

How does KRN's PE Ratio compare vs other companies in the DE Machinery Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a7.4%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a7.4%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: KRN is expensive based on its Price-To-Earnings Ratio (17.3x) compared to the German Machinery industry average (15.5x).


Price to Earnings Ratio vs Fair Ratio

What is KRN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

KRN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.3x
Fair PE Ratio17.4x

Price-To-Earnings vs Fair Ratio: KRN is good value based on its Price-To-Earnings Ratio (17.3x) compared to the estimated Fair Price-To-Earnings Ratio (17.4x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst KRN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€123.00
€137.10
+11.5%
8.2%€158.00€112.00n/a10
Mar ’25€115.00
€136.60
+18.8%
8.2%€158.00€112.00n/a10
Feb ’25€115.80
€133.80
+15.5%
8.2%€156.00€112.00n/a10
Jan ’25€111.80
€131.70
+17.8%
8.1%€156.00€112.00n/a10
Dec ’24€105.10
€131.70
+25.3%
8.1%€156.00€112.00n/a10
Nov ’24€90.70
€132.30
+45.9%
9.1%€164.00€115.00n/a10
Oct ’24€97.55
€132.30
+35.6%
9.1%€164.00€115.00n/a10
Sep ’24€99.15
€130.90
+32.0%
10.4%€164.00€110.00n/a10
Aug ’24€101.50
€131.00
+29.1%
10.4%€164.00€110.00n/a10
Jul ’24€111.10
€130.40
+17.4%
9.2%€156.00€110.00n/a10
Jun ’24€104.20
€129.30
+24.1%
9.9%€156.00€110.00n/a10
May ’24€118.80
€130.44
+9.8%
9.6%€156.00€110.00n/a9
Apr ’24€108.70
€125.70
+15.6%
9.3%€148.00€110.00n/a10
Mar ’24€114.80
€124.70
+8.6%
9.3%€148.00€110.00€115.0010
Feb ’24€107.20
€117.00
+9.1%
9.4%€138.00€97.00€115.8010
Jan ’24€105.00
€117.00
+11.4%
9.4%€138.00€97.00€111.8010
Dec ’23€109.40
€116.82
+6.8%
9.0%€138.00€97.00€105.1011
Nov ’23€92.85
€113.64
+22.4%
9.9%€129.00€90.00€90.7011
Oct ’23€90.65
€112.73
+24.4%
10.2%€129.00€90.00€97.5511
Sep ’23€78.85
€111.20
+41.0%
8.5%€126.00€96.00€99.1510
Aug ’23€86.20
€108.80
+26.2%
9.0%€121.00€92.00€101.5010
Jul ’23€74.65
€110.30
+47.8%
10.3%€130.00€92.00€111.1010
Jun ’23€83.70
€110.30
+31.8%
10.3%€130.00€92.00€104.2010
May ’23€74.15
€111.22
+50.0%
12.2%€125.00€87.00€118.809
Apr ’23€74.95
€111.78
+49.1%
12.4%€125.00€87.00€108.709
Mar ’23€79.30
€113.33
+42.9%
10.4%€125.00€89.00€114.809

Analyst Forecast: Target price is less than 20% higher than the current share price.


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