DB:KSB

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Flawless balance sheet and undervalued.


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


Market Performance


7 Day Return

-0.7%

KSB

-0.05%

DE Machinery

1.4%

DE Market


1 Year Return

-10.9%

KSB

-16.3%

DE Machinery

3.7%

DE Market

Return vs Industry: KSB exceeded the German Machinery industry which returned -16.3% over the past year.

Return vs Market: KSB underperformed the German Market which returned 3.7% over the past year.


Shareholder returns

KSBIndustryMarket
7 Day-0.7%-0.05%1.4%
30 Day-5.6%-5.5%1.8%
90 Day-10.6%-5.3%3.4%
1 Year-10.0%-10.9%-13.6%-16.3%7.0%3.7%
3 Year-24.6%-27.6%-17.2%-23.1%18.5%8.3%
5 Year-30.7%-35.9%18.4%4.5%42.2%22.9%

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

Undervalued: KSB (€270) is trading below our estimate of fair value (€891.35)

Significantly Undervalued: KSB is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: KSB is poor value based on its PE Ratio (17x) compared to the Machinery industry average (14.3x).

PE vs Market: KSB is good value based on its PE Ratio (17x) compared to the German market (19.3x).


Price to Earnings Growth Ratio

Low 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 (0.7x) compared to the DE Machinery industry average (1.3x).


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?

27.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KSB's forecast earnings growth (27.7% per year) is above the savings rate (0.2%).

Earnings vs Market: KSB's earnings (27.7% per year) are forecast to grow faster than the German market (12.6% per year).

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

Revenue vs Market: KSB's revenue (2.8% per year) is forecast to grow slower than the German market (5% per year).

High Growth Revenue: KSB's revenue (2.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: KSB's Return on Equity is forecast to be low in 3 years time (7%).


Next Steps

Past Performance

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

-17.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: KSB's earnings have declined by -17.2% per year over the past 5 years.

Accelerating Growth: KSB's earnings growth over the past year (272.5%) exceeds its 5-year average (-17.2% per year).

Earnings vs Industry: KSB earnings growth over the past year (272.5%) exceeded the Machinery industry -9.7%.


Return on Equity

High ROE: KSB's Return on Equity (4.8%) is considered low.


Return on Assets

ROA vs Industry: KSB's Return on Assets is below or equal to the Machinery industry average last year.


Return on Capital Employed

ROCE Improving: KSB's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is KSB SE KGaA's financial position?


Financial Position Analysis

Short Term Liabilities: KSB's short term assets (€1.6B) exceeds its short term liabilities (€814.6M)

Long Term Liabilities: KSB's short term assets (1.6B) exceeds its long term liabilities (660.2M)


Debt to Equity History and Analysis

Debt Level: KSB's debt to equity ratio (9.2%) is considered satisfactory

Reducing Debt: KSB's debt to equity ratio has reduced from 31% to 9.2% over the past 5 years.

Debt Coverage: KSB's debt is well covered by operating cash flow (95.5%).

Interest Coverage: KSB's interest payments on its debt are well covered by EBIT (743.1x coverage).


Balance Sheet

Inventory Level: KSB has a high level of physical assets or inventory.

Debt Coverage by Assets: KSB's debt is covered by short term assets (assets are 20.104090x debt).


Next Steps

Dividend

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

1.09%

Current Dividend Yield


Dividend Yield vs Market

company1.1%marketbottom25%1.5%markettop25%3.8%industryaverage2.4%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: KSB's dividend (1.09%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.46%).

High Dividend: KSB's dividend (1.09%) is low compared to the top 25% of dividend payers in the German market (3.8%).

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 low payout ratio (18.5%), 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

What is the CEO of KSB SE KGaA's salary, the management and board of directors tenure and is there insider trading?

2.0yrs

Average management tenure


CEO

Stephan Timmermann (58yo)

1.9yrs

Tenure

0

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 ...


Management Age and Tenure

2.0yrs

Average Tenure

56.5yo

Average Age

Experienced Management: KSB's management team is considered experienced (2 years average tenure).


Board Age and Tenure

5.6yrs

Average Tenure

59yo

Average Age

Experienced Board: KSB's board of directors are considered experienced (5.6 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Stephan Timmermann (58yo)

    Chairman of Management Board & CEO

    • Tenure: 1.9yrs
  • Matthias Schmitz (56yo)

    CFO & Member of the Management Board

    • Tenure: 0.7yrs
  • Stephan Bross (57yo)

    CTO & Member of Management Board

    • Tenure: 2.1yrs
  • Ralf Kannefass (51yo)

    C.S.O. & Member of Management Board

    • Tenure: 2.3yrs
  • Roque Zanatta

    Head of Operations Region Americas

    • Tenure: 0yrs
  • Christopher Lange

    Head of Globe

    • Tenure: 0yrs

Board Members

  • Volker Seidel (54yo)

    Member of the Supervisory Board

    • Tenure: 11.8yrs
  • Bernd Flohr (68yo)

    Chairman of Supervisory Board

    • Tenure: 2.6yrs
  • Alois Lautner (60yo)

    Deputy Chairman of the Supervisory Board

    • Tenure: 6.4yrs
  • Klaus Kühborth (63yo)

    Member of The Supervisory Board

    • Tenure: 15.8yrs
  • René Klotz (50yo)

    Member of the Supervisory Board

    • Tenure: 6.4yrs
  • Birgit Mohme (50yo)

    Member of the Supervisory Board

    • Tenure: 4.8yrs
  • Gabriele Sommer (55yo)

    Member of the Supervisory Board

    • Tenure: 3.8yrs
  • Oswald Bubel (69yo)

    Chairman of the Administrative Board

    • Tenure: 0yrs
  • Monika Kühborth (58yo)

    Deputy Chairwoman of the Administrative Board

    • Tenure: 0yrs
  • Klaus Burchards (69yo)

    Member of the Supervisory Board

    • Tenure: 1.7yrs

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: DB
  • Founded: 1871
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: €466.937m
  • 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. It operates through three segments: Pumps, Valves, and Service. The Pumps segment offers single and multistage pumps, submersibl ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/18 20:39
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.