Klöckner & Co SE

XTRA:KCO Stock Report

Market Cap: €1.2b

Klöckner & Co Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Bonn Kerkhoff

Chief executive officer

€3.1m

Total compensation

CEO salary percentage34.82%
CEO tenure5.8yrs
CEO ownershipn/a
Management average tenure6.3yrs
Board average tenure9.6yrs

Recent management updates

Recent updates

Narrative Update • Jun 10

KCO: Majority Buyout And Delisting Offer Will Likely Keep Shares Fairly Valued

Analysts have kept their price target for Klöckner & Co steady at €11.30, citing updated assumptions around discount rates, modestly adjusted revenue growth, slightly higher projected profit margins, and a lower future P/E multiple that together still support this valuation level. What's in the News Worthington Steel has completed its cash acquisition of a majority stake in Klöckner & Co SE, now holding about 60.86% to 62% of outstanding shares, with closing confirmed on June 3, 2026.
Narrative Update • May 26

KCO: Higher Required Return And Margins Will Likely Keep Shares Fairly Valued

Analysts now set a price target of €11.30 for Klöckner & Co, unchanged from the prior €11.30, and point to updated assumptions for discount rate, revenue growth, profit margin and future P/E as the key drivers behind their refreshed view. Valuation Changes Fair Value: €11.30 remains unchanged, with the refreshed model pointing to the same indicative level as before.
Narrative Update • Apr 26

KCO: Steady Assumptions And Higher Required Return Will Likely Pressure Shares

Analysts have kept their price target for Klöckner & Co steady at €11.30, attributing this to only minor adjustments in the discount rate and long-term P/E assumptions rather than any major change in their underlying expectations. Valuation Changes Fair Value: €11.30 is unchanged, indicating no adjustment to the central valuation estimate.
Narrative Update • Apr 12

KCO: Takeover Offer And Revised Assumptions Will Likely Keep Shares Fairly Valued

Analysts have lifted their price target for Klöckner & Co from €10.75 to €11.30, citing updated assumptions around discount rates, revenue growth, profit margins, and a revised future P/E multiple. What's in the News Worthington Steel, Inc.
Narrative Update • Mar 29

KCO: Takeover Offer Will Likely Leave Shares Overvalued Despite Support

Analysts have kept their €10.75 fair value estimate for Klöckner & Co steady, citing only small tweaks in the discount rate, revenue growth, profit margin and future P/E assumptions, rather than any change in the core outlook. What's in the News Worthington Steel, Inc.
Narrative Update • Mar 14

KCO: Takeover Offer Will Likely Leave Shares Looking Overvalued

Analysts have updated their price target for Klöckner & Co to €10.75, with the new view reflecting a lower assumed discount rate, more cautious expectations for revenue growth and profit margin, and a higher future P/E multiple. What's in the News Worthington Steel, Inc.
Narrative Update • Feb 28

KCO: Takeover Offer And Stable Assumptions Will Likely Keep Shares Fairly Priced

Analysts have maintained their €10.75 price target for Klöckner & Co, citing only small adjustments to inputs such as the discount rate, revenue growth, profit margin and future P/E that did not materially change their valuation view. What's in the News Worthington Steel, Inc.
Narrative Update • Feb 14

KCO: Takeover Offer And Updated Assumptions Will Likely Keep Shares Fairly Priced

Analysts have nudged their price target for Klöckner & Co up from €10.10 to €10.75, reflecting updated fair value assumptions and slightly adjusted inputs for discount rate, revenue growth, profit margin and future P/E expectations. What's in the News Worthington Steel, Inc.
Narrative Update • Jan 30

KCO: Takeover Offer And Revised Assumptions Will Likely Keep Shares Fairly Priced

Analysts have raised their price target for Klöckner & Co from €9.78 to €10.10, citing updated assumptions for the discount rate, revenue growth, profit margin and future P/E that slightly adjust their valuation framework. What's in the News Worthington Steel, Inc.
Narrative Update • Jan 16

KCO: Planned €11 Takeover Offer Will Likely Leave Shares Overpriced

Analysts have raised their price target for Klöckner & Co from €8.35 to €9.78, citing updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E as key drivers of the change. What's in the News Worthington Steel, Inc.
New Narrative • Aug 29

New North American Facilities And Digitalization Will Capture Future Demand

Key Takeaways Strategic investments in specialty steel, digitalization, and key acquisitions position Klöckner & Co for higher-margin growth driven by infrastructure, defense, and evolving customer demands. Expansion into underpenetrated regions and digital channels increases operational efficiency, market share, and resilience against shifting global steel demand and supply chain dynamics.
Analysis Article • Mar 11

Is Klöckner & Co SE (ETR:KCO) Worth €9.5 Based On Its Intrinsic Value?

Key Insights The projected fair value for Klöckner & Co is €7.29 based on 2 Stage Free Cash Flow to Equity Current...
Analysis Article • Jan 19

Returns Are Gaining Momentum At Klöckner & Co (ETR:KCO)

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Analysis Article • Dec 22

Is Klöckner & Co (ETR:KCO) Using Too Much Debt?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Nov 02

Estimating The Fair Value Of Klöckner & Co SE (ETR:KCO)

Today we will run through one way of estimating the intrinsic value of Klöckner & Co SE ( ETR:KCO ) by taking the...
Analysis Article • Aug 17

Is Now The Time To Put Klöckner & Co (ETR:KCO) On Your Watchlist?

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Analysis Article • May 06

Bullish: Analysts Just Made A Decent Upgrade To Their Klöckner & Co SE (ETR:KCO) Forecasts

Klöckner & Co SE ( ETR:KCO ) shareholders will have a reason to smile today, with the analysts making substantial...
Analysis Article • Feb 10

Returns on Capital Paint A Bright Future For Klöckner & Co (ETR:KCO)

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Ideally, a business will show two...

CEO Compensation Analysis

How has Bonn Kerkhoff's remuneration changed compared to Klöckner & Co's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

-€30m

Dec 31 2025€3m€1m

-€54m

Sep 30 2025n/an/a

-€131m

Jun 30 2025n/an/a

-€147m

Mar 31 2025n/an/a

-€167m

Dec 31 2024€3m€1m

-€147m

Sep 30 2024n/an/a

-€91m

Jun 30 2024n/an/a

-€66m

Mar 31 2024n/an/a

-€33m

Dec 31 2023€3m€983k

-€1m

Sep 30 2023n/an/a

-€54m

Jun 30 2023n/an/a

-€72m

Mar 31 2023n/an/a

€63m

Dec 31 2022€3m€930k

€207m

Sep 30 2022n/an/a

€432m

Jun 30 2022n/an/a

€639m

Mar 31 2022n/an/a

€702m

Dec 31 2021€2m€864k

€619m

Sep 30 2021n/an/a

€504m

Jun 30 2021n/an/a

€314m

Mar 31 2021n/an/a

-€10m

Dec 31 2020€1m€250k

-€116m

Compensation vs Market: Bonn's total compensation ($USD3.59M) is above average for companies of similar size in the German market ($USD1.91M).

Compensation vs Earnings: Bonn's compensation has increased whilst the company is unprofitable.

CEO

Bonn Kerkhoff (59 yo)

5.8yrs
Tenure
€3,130,000
Compensation

Mr. Guido Kerkhoff, also known as Bonn, serves as the Chief Executive Officer at Klöckner & Co SE since May 13, 2021. He has been Chairman of the Management Board at Klöckner & Co SE since May 13, 2021 and...

Leadership Team

NamePositionTenureCompensationOwnership
Guido Kerkhoff
Chairman of the Management Board & CEO5.8yrs€3.13mno data
Oliver Falk
CFO & Member of Management Board6.8yrs€1.43mno data
George Ganem
CEO of Americas6.8yrs€2.16mno data
Uwe Röehrhoff
Independent Consultant & Supervisory Board memberno data€110.00kno data
Fabian Joseph
Head of Investor Relationsno datano datano data
Christoph Wenderoth
Head of Corporate Complianceno datano datano data
Christian Pokropp
Head of External Communications & Head of HRno datano datano data
6.3yrs
Average Tenure
59yo
Average Age

Experienced Management: KCO's management team is seasoned and experienced (6.3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Uwe Röehrhoff
Independent Consultant & Supervisory Board member9.1yrs€110.00kno data
Dieter Vogel
Chairman of the Supervisory Board20.1yrs€205.00kno data
Friedhelm Loh
Member of Supervisory Board10.1yrs€70.00kno data
Dagmar Steinert
Member of Supervisory Board2.1yrs€80.00kno data
Tobias Kollmann
Independent Member of Supervisory Board10.9yrs€70.00kno data
Ralph Heck
Independent Deputy Chairman of the Supervisory Board8.1yrs€113.00kno data
9.6yrs
Average Tenure
67yo
Average Age

Experienced Board: KCO's board of directors are considered experienced (9.6 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/18 23:23
End of Day Share Price 2026/06/18 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Klöckner & Co SE is covered by 20 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Knut WollerBaader Helvea Equity Research
Christian ObstBaader Helvea Equity Research
Gunnar CohrsBerenberg