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US$9.21

28.1% undervalued

Jolt_Communications Fair Value

Revenue growth

64.98% p.a.

Profit Margin

15%

Future PE

35x

Share price in 2030

US$14.83

Kardex Holding AG Competitors

Price History & Performance

Summary of share price highs, lows and changes for Kardex Holding
Historical stock prices
Current Share Price	CHF 281.50
52 Week High	CHF 307.50
52 Week Low	CHF 281.50
Beta	1.43
1 Month Change	n/a
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	1,115.98%

Recent News & Updates

No updates

Recent updates

No updates

Shareholder Returns

	KAX2	DE Machinery	DE Market
7D	-4.7%	-2.1%	-3.1%
1Y	n/a	8.9%	9.4%

Return vs Industry: Insufficient data to determine how KAX2 performed against the German Machinery industry.

Return vs Market: Insufficient data to determine how KAX2 performed against the German Market.

Price Volatility

Is KAX2's price volatile compared to industry and market?
KAX2 volatility
KAX2 Average Weekly Movement	n/a
Machinery Industry Average Movement	4.3%
Market Average Movement	4.9%
10% most volatile stocks in DE Market	11.6%
10% least volatile stocks in DE Market	2.5%

Stable Share Price: KAX2's share price has been volatile over the past 3 months compared to the German market.

Volatility Over Time: Insufficient data to determine KAX2's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1922	2,850	Jens Hardenacke	www.kardex.com

Kardex Holding AG provides intralogistics solutions, automated storage solutions, and materials handling systems worldwide. It operates through two segments, Automated Products and Standardized Systems. The company develops, produces, and maintains dynamic storage and retrieval systems; offers integrated material handling systems and automated high bay warehouses; and storage and picking solutions for small parts, as well as provides support, consulting, and digital services.

Kardex Holding AG Fundamentals Summary

How do Kardex Holding's earnings and revenue compare to its market cap?
KAX2 fundamental statistics
Market cap	€2.19b
Earnings (TTM)	€78.70m
Revenue (TTM)	€837.20m

27.9x

P/E Ratio

2.6x

P/S Ratio

Is KAX2 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
KAX2 income statement (TTM)
Revenue	€837.20m
Cost of Revenue	€545.80m
Gross Profit	€291.40m
Other Expenses	€212.70m
Earnings	€78.70m

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

Mar 12, 2026

Earnings per share (EPS)	10.20
Gross Margin	34.81%
Net Profit Margin	9.40%
Debt/Equity Ratio	0%

How did KAX2 perform over the long term?

See historical performance and comparison

Dividends

2.2%

Current Dividend Yield

63%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/11/22 19:18
End of Day Share Price	2025/11/21 00:00
Earnings	2025/06/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Kardex Holding AG is covered by 11 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Lasse Stueben	Berenberg
Martin Comtesse	Jefferies LLC
Constantin Hesse	Jefferies LLC

Kardex Holding (KAX2) Stock Overview

Rewards

Risk Analysis

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