We’ve recently updated our valuation analysis.

Krones Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

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/Revenue0.6x
Enterprise Value/EBITDA7.4x
PEG Ratio0.9x

Price to Earnings Ratio vs Peers

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

KRN PE Ratio vs 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.
CompanyPEEstimated GrowthMarket Cap
Peer Average33.7x
KU2 KUKA
55.6xn/a€3.3b
GIL DMG MORI
26xn/a€3.2b
DUE Dürr
16.3x22.2%€1.5b
RAA RATIONAL
36.8x14.8%€4.8b
KRN Krones
16.2x17.2%€2.7b

Price-To-Earnings vs Peers: KRN is good value based on its Price-To-Earnings Ratio (16.2x) compared to the peer average (33.7x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: KRN is expensive based on its Price-To-Earnings Ratio (16.2x) compared to the German Machinery industry average (13.5x)


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 Ratio16.2x
Fair PE Ratio25.4x

Price-To-Earnings vs Fair Ratio: KRN is good value based on its Price-To-Earnings Ratio (16.2x) compared to the estimated Fair Price-To-Earnings Ratio (25.4x).


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 (€85.75) is trading below our estimate of fair value (€144.1)

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


Analyst Price Targets

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

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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