XTRA:KSB

Stock Analysis Report

Executive Summary

KSB SE & Co. KGaA manufactures and sells pumps, valves, and related systems worldwide.


Snowflake Analysis

Very undervalued with flawless balance sheet.


Similar Companies

Share Price & News

How has KSB SE KGaA's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: KSB's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

6.3%

KSB

4.1%

DE Machinery

4.3%

DE Market


1 Year Return

-21.9%

KSB

-28.3%

DE Machinery

-14.2%

DE Market

Return vs Industry: KSB exceeded the German Machinery industry which returned -32.5% over the past year.

Return vs Market: KSB underperformed the German Market which returned -20.9% over the past year.


Shareholder returns

KSBIndustryMarket
7 Day6.3%4.1%4.3%
30 Day-14.5%-9.0%-9.0%
90 Day-21.3%-25.8%-21.6%
1 Year-21.1%-21.9%-26.1%-28.3%-11.7%-14.2%
3 Year-41.4%-43.8%-38.7%-43.1%-12.3%-19.6%
5 Year-44.9%-49.0%-26.3%-34.6%-14.0%-25.6%

Price Volatility Vs. Market

How volatile is KSB SE KGaA's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is KSB SE KGaA undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: KSB (€232) is trading below our estimate of fair value (€974.24)

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


Price To Earnings Ratio

PE vs Industry: KSB is good value based on its PE Ratio (9.4x) compared to the Machinery industry average (10x).

PE vs Market: KSB is good value based on its PE Ratio (9.4x) compared to the German market (16.5x).


Price to Earnings Growth Ratio

PEG Ratio: KSB is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: KSB is good value based on its PB Ratio (0.6x) compared to the DE Machinery industry average (1.1x).


Next Steps

Future Growth

How is KSB SE KGaA forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

16.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KSB's forecast earnings growth (16.5% per year) is above the savings rate (-0.4%).

Earnings vs Market: KSB's earnings (16.5% per year) are forecast to grow faster than the German market (14.1% per year).

High Growth Earnings: KSB's earnings are forecast to grow, but not significantly.

Revenue vs Market: KSB's revenue (2.1% per year) is forecast to grow slower than the German market (4% per year).

High Growth Revenue: KSB's revenue (2.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: KSB's Return on Equity is forecast to be low in 3 years time (8.5%).


Next Steps

Past Performance

How has KSB SE KGaA performed over the past 5 years?

-10.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KSB has high quality earnings.

Growing Profit Margin: KSB's current net profit margins (1.8%) are higher than last year (0.5%).


Past Earnings Growth Analysis

Earnings Trend: KSB's earnings have declined by -10.7% per year over the past 5 years.

Accelerating Growth: KSB's earnings growth over the past year (281.3%) exceeds its 5-year average (-10.7% per year).

Earnings vs Industry: KSB earnings growth over the past year (281.3%) exceeded the Machinery industry -19.9%.


Return on Equity

High ROE: KSB's Return on Equity (6.8%) is considered low.


Next Steps

Financial Health

How is KSB SE KGaA's financial position?


Financial Position Analysis

Short Term Liabilities: KSB's short term assets (€1.5B) exceed its short term liabilities (€748.9M).

Long Term Liabilities: KSB's short term assets (€1.5B) exceed its long term liabilities (€715.6M).


Debt to Equity History and Analysis

Debt Level: KSB's debt to equity ratio (6.2%) is considered satisfactory.

Reducing Debt: KSB's debt to equity ratio has reduced from 30.5% to 6.2% over the past 5 years.

Debt Coverage: KSB's debt is well covered by operating cash flow (273%).

Interest Coverage: KSB's interest payments on its debt are well covered by EBIT (83x coverage).


Balance Sheet


Next Steps

Dividend

What is KSB SE KGaA's current dividend yield, its reliability and sustainability?

3.60%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: KSB's dividend (3.66%) is higher than the bottom 25% of dividend payers in the German market (1.69%).

High Dividend: KSB's dividend (3.66%) is low compared to the top 25% of dividend payers in the German market (4.85%).


Stability and Growth of Payments

Stable Dividend: KSB's dividend payments have been volatile in the past 10 years.

Growing Dividend: KSB's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (34.6%), KSB's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.5yrs

Average management tenure


CEO

Stephan Timmermann (58yo)

2.42s

Tenure

Dr. Stephan Jorg Timmermann has been Chairman of Management Board at KSB Aktiengesellschaft since November 13, 2017 and has been its CEO since February 2019. Dr. Timmermann has been Member of the Executive ...


Leadership Team

NamePositionTenureCompensationOwnership
Stephan Timmermann
Chairman of Management Board & CEO2.42yrsno datano data
Matthias Schmitz
CFO & Member of the Management Board1.17yrsno datano data
Stephan Bross
CTO & Member of Management Board2.58yrsno datano data
Ralf Kannefass
C.S.O. & Member of Management Board2.75yrsno datano data
Roque Zanatta
Head of Operations Region Americasno datano datano data
Christopher Lange
Head of Globeno datano datano data

2.5yrs

Average Tenure

56.5yo

Average Age

Experienced Management: KSB's management team is considered experienced (2.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Volker Seidel
Member of the Supervisory Board12.25yrsno datano data
Bernd Flohr
Chairman of Supervisory Board3.08yrsno datano data
Klaus Kühborth
Member of The Supervisory Board16.25yrsno datano data
René Klotz
Deputy Chairman of the Supervisory Board0.25yrno datano data
Birgit Mohme
Member of the Supervisory Board5.25yrsno datano data
Gabriele Sommer
Member of the Supervisory Board4.25yrsno datano data
Oswald Bubel
Chairman of the Administrative Boardno datano datano data
Monika Kühborth
Deputy Chairwoman of the Administrative Boardno datano datano data
Klaus Burchards
Member of the Supervisory Board2.17yrsno datano data
Arturo Esquinca
Member of Supervisory Board2.17yrsno datano data

3.7yrs

Average Tenure

56.5yo

Average Age

Experienced Board: KSB's board of directors are considered experienced (3.7 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

KSB SE & Co. KGaA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: KSB SE & Co. KGaA
  • Ticker: KSB
  • Exchange: XTRA
  • Founded: 1871
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: €384.690m
  • Shares outstanding: 1.75m
  • Website: https://www.ksb.com

Number of Employees


Location

  • KSB SE & Co. KGaA
  • Johann-Klein-Strasse 9
  • Frankenthal
  • Rhineland-Palatinate
  • 67227
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KSBDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
KSB3DB (Deutsche Boerse AG)Preference SharesDEEURJan 1992
KSBXTRA (XETRA Trading Platform)YesOrdinary SharesDEEURJan 1992
KSB3XTRA (XETRA Trading Platform)Preference SharesDEEURJan 1992
0BQDLSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
0BQELSE (London Stock Exchange)Preference SharesGBEURJan 1992
KSB3DBATS-CHIXE (BATS 'Chi-X Europe')Preference SharesGBEURJan 1992
KSBDBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992

Biography

KSB SE & Co. KGaA manufactures and sells pumps, valves, and related systems worldwide. It operates in three segments: Pumps, Valves, and Service. The Pumps segment offers single and multistage pumps, submersible pumps, and associated control and drive systems that have applications in industry, chemicals/petrochemicals, energy supply, water transport and waste water treatment, and construction/building services, as well as the hydraulic transport of solids in mining. The Valves segment provides butterfly, globe, gate, control, diaphragm, and ball valves, as well as associated actuators and control systems, which are used in process engineering, building services, energy conversion, and solids transport applications. The Service segment is involved in the installation, commissioning, start-up, inspection, servicing, maintenance, and repair of pumps, valves, and related systems for various applications; and modular service concepts and system analyses for complete systems. The company sells its products through its companies or agencies. The company was formerly known as KSB Aktiengesellschaft and changed its name to KSB SE & Co. KGaA in January 2018. KSB SE & Co. KGaA was founded in 1871 and is headquartered in Frankenthal, Germany. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/07 22:37
End of Day Share Price2020/04/07 00:00
Earnings2019/12/31
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.