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SKB

Koenig & Bauer XTRA:SKB Stock Report

Last Price

€14.36

Market Cap

€237.3m

7D

1.0%

1Y

-49.6%

Updated

25 Jun, 2022

Data

Company Financials +
SKB fundamental analysis
Snowflake Score
Valuation5/6
Future Growth3/6
Past Performance2/6
Financial Health5/6
Dividends0/6

SKB Stock Overview

Koenig & Bauer AG develops and manufactures printing and postprint systems worldwide.

Rewards

Trading at 82.3% below our estimate of its fair value

Earnings are forecast to grow 57.65% per year

Became profitable this year

Risk Analysis

No risks detected for SKB from our risk checks.

Koenig & Bauer Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Koenig & Bauer
Historical stock prices
Current Share Price€14.36
52 Week High€32.65
52 Week Low€13.66
Beta1.58
1 Month Change-10.59%
3 Month Change-33.36%
1 Year Change-49.61%
3 Year Change-60.40%
5 Year Change-75.75%
Change since IPO-13.22%

Recent News & Updates

Jun 14
Koenig & Bauer (ETR:SKB) May Have Issues Allocating Its Capital

Koenig & Bauer (ETR:SKB) May Have Issues Allocating Its Capital

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...

Shareholder Returns

SKBDE MachineryDE Market
7D1.0%-2.8%-0.1%
1Y-49.6%-34.1%-22.0%

Return vs Industry: SKB underperformed the German Machinery industry which returned -34.1% over the past year.

Return vs Market: SKB underperformed the German Market which returned -22% over the past year.

Price Volatility

Is SKB's price volatile compared to industry and market?
SKB volatility
SKB Average Weekly Movement5.9%
Machinery Industry Average Movement5.3%
Market Average Movement5.6%
10% most volatile stocks in DE Market10.0%
10% least volatile stocks in DE Market2.8%

Stable Share Price: SKB is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: SKB's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
18175,359Andreas Plebkehttps://www.koenig-bauer.com

Koenig & Bauer AG develops and manufactures printing and postprint systems worldwide. It operates through three segments: Sheetfed, Digital & Webfed, and Special. The Sheetfed segment offers offset presses for packaging and commercial printing, as well as workflow and logistics solutions; and peripheral equipment for finishing and processing printed products, such as rotary/flatbed die cutters and folding-box gluing lines.

Koenig & Bauer Fundamentals Summary

How do Koenig & Bauer's earnings and revenue compare to its market cap?
SKB fundamental statistics
Market Cap€237.30m
Earnings (TTM)€14.90m
Revenue (TTM)€1.11b

15.9x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SKB income statement (TTM)
Revenue€1.11b
Cost of Revenue€806.50m
Gross Profit€304.20m
Other Expenses€289.30m
Earnings€14.90m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 29, 2022

Earnings per share (EPS)0.90
Gross Margin27.39%
Net Profit Margin1.34%
Debt/Equity Ratio33.4%

How did SKB perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is SKB 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

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

SKB 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/Revenue0.3x
Enterprise Value/EBITDA5x
PEG Ratio0.3x

Price to Earnings Ratio vs Peers

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

SKB PE Ratio vs Peers
The above table shows the PE ratio for SKB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average138.3x

Price-To-Earnings vs Peers: SKB is good value based on its Price-To-Earnings Ratio (15.9x) compared to the peer average (138.3x).


Price to Earnings Ratio vs Industry

How does SKB's PE Ratio compare vs other companies in the German Machinery Industry?

Price-To-Earnings vs Industry: SKB is expensive based on its Price-To-Earnings Ratio (15.9x) compared to the German Machinery industry average (15.9x)


Price to Earnings Ratio vs Fair Ratio

What is SKB'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.

SKB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.9x
Fair PE Ratio45.6x

Price-To-Earnings vs Fair Ratio: SKB is good value based on its Price-To-Earnings Ratio (15.9x) compared to the estimated Fair Price-To-Earnings Ratio (45.6x).


Share Price vs Fair Value

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

Below Fair Value: SKB (€14.36) is trading below our estimate of fair value (€81.31)

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


Price to Earnings Growth Ratio

PEG Ratio: SKB is good value based on its PEG Ratio (0.3x)


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Future Growth

How is Koenig & Bauer forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


57.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SKB's forecast earnings growth (57.7% per year) is above the savings rate (-0.05%).

Earnings vs Market: SKB's earnings (57.7% per year) are forecast to grow faster than the German market (8.3% per year).

High Growth Earnings: SKB's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SKB's revenue (3% per year) is forecast to grow slower than the German market (4.8% per year).

High Growth Revenue: SKB's revenue (3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SKB's Return on Equity is forecast to be low in 3 years time (11.3%).


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Past Performance

How has Koenig & Bauer performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-49.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SKB has high quality earnings.

Growing Profit Margin: SKB became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: SKB's earnings have declined by 49.4% per year over the past 5 years.

Accelerating Growth: SKB has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: SKB has become profitable in the last year, making it difficult to compare its past year earnings growth to the Machinery industry (82.5%).


Return on Equity

High ROE: SKB's Return on Equity (4.3%) is considered low.


Discover strong past performing companies

Financial Health

How is Koenig & Bauer's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SKB's short term assets (€805.5M) exceed its short term liabilities (€573.3M).

Long Term Liabilities: SKB's short term assets (€805.5M) exceed its long term liabilities (€368.7M).


Debt to Equity History and Analysis

Debt Level: SKB's net debt to equity ratio (6.6%) is considered satisfactory.

Reducing Debt: SKB's debt to equity ratio has increased from 7.9% to 33.4% over the past 5 years.

Debt Coverage: SKB's debt is well covered by operating cash flow (39.3%).

Interest Coverage: SKB's interest payments on its debt are well covered by EBIT (3.7x coverage).


Balance Sheet


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Dividend

What is Koenig & Bauer current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.96%

Forecast Dividend Yield

Dividend Yield vs Market

Notable Dividend: Unable to evaluate SKB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SKB's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SKB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SKB's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: SKB is not paying a notable dividend for the German market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as SKB has not reported any payouts.


Discover strong dividend paying companies

Management

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

3.5yrs

Average management tenure


CEO

Andreas Plebke (60 yo)

3.5yrs

Tenure

€1,890,000

Compensation

Dr. Andreas Plebke serves as Spokesman of Management Board at Koenig & Bauer AG and serves as its Chief Executive Officer since January 1, 2021. Dr. Plebke serves as Member of Management Board of Koenig &...


CEO Compensation Analysis

Compensation vs Market: Andreas's total compensation ($USD1.99M) is above average for companies of similar size in the German market ($USD683.54K).

Compensation vs Earnings: Andreas's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: SKB's management team is considered experienced (3.5 years average tenure).


Board Members

Experienced Board: SKB's board of directors are considered experienced (6.1 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

Koenig & Bauer AG's employee growth, exchange listings and data sources


Key Information

  • Name: Koenig & Bauer AG
  • Ticker: SKB
  • Exchange: XTRA
  • Founded: 1817
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Implied Market Cap: €237.296m
  • Shares outstanding: 16.52m
  • Website: https://www.koenig-bauer.com

Number of Employees


Location

  • Koenig & Bauer AG
  • Friedrich-Koenig-Strasse 4
  • Würzburg
  • Bavaria
  • 97080
  • Germany

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/25 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.