Kontron AG

DB:KTN Stock Report

Market Cap: €1.1b

Kontron Valuation

Is KTN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: KTN (€17.2) is trading below our estimate of fair value (€31.14)

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

Key Valuation Metric

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

Key metric: As KTN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for KTN. This is calculated by dividing KTN's market cap by their current earnings.
What is KTN's PE Ratio?
PE Ratio12.5x
Earnings€84.54m
Market Cap€1.06b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for KTN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19.6x
NA9 Nagarro
23.6x17.1%€1.3b
COK Cancom
18.9x12.8%€765.2m
YSN secunet Security Networks
23.3x8.4%€643.7m
GFT GFT Technologies
12.8x13.3%€605.5m
KTN Kontron
12.5x19.1%€1.1b

Price-To-Earnings vs Peers: KTN is good value based on its Price-To-Earnings Ratio (12.5x) compared to the peer average (19.6x).

Price to Earnings Ratio vs Industry

How does KTN's PE Ratio compare vs other companies in the DE IT Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
KTN 12.5xIndustry Avg. 17.9xNo. of Companies3PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: KTN is good value based on its Price-To-Earnings Ratio (12.5x) compared to the European IT industry average (18.3x).

Price to Earnings Ratio vs Fair Ratio

What is KTN'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.

KTN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.5x
Fair PE Ratio24.2x

Price-To-Earnings vs Fair Ratio: KTN is good value based on its Price-To-Earnings Ratio (12.5x) compared to the estimated Fair Price-To-Earnings Ratio (24.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst KTN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€17.20
€30.64
+78.2%
12.8%€37.00€26.46n/a6
Nov ’25€15.31
€30.49
+99.2%
12.5%€36.50€26.46n/a6
Oct ’25€15.99
€30.49
+90.7%
12.5%€36.50€26.46n/a6
Sep ’25€17.04
€30.28
+77.7%
11.8%€36.50€26.46n/a7
Aug ’25€19.42
€30.42
+56.7%
11.5%€36.50€26.46n/a7
Jul ’25€19.19
€30.28
+57.8%
11.0%€36.50€26.46n/a7
Jun ’25€21.74
€30.14
+38.6%
11.4%€36.50€26.46n/a7
May ’25€18.83
€29.21
+55.1%
8.6%€34.00€26.46n/a7
Apr ’25€20.82
€29.21
+40.3%
8.6%€34.00€26.46n/a7
Mar ’25€21.30
€28.92
+35.8%
8.3%€34.00€26.46n/a7
Feb ’25€21.30
€28.92
+35.8%
8.3%€34.00€26.46n/a7
Jan ’25€21.52
€28.93
+34.4%
8.3%€34.00€26.50n/a7
Dec ’24€20.40
€28.93
+41.8%
8.3%€34.00€26.50n/a7
Nov ’24€19.38
€28.42
+46.7%
9.6%€34.00€24.96€15.317
Oct ’24€18.06
€28.43
+57.4%
9.6%€34.00€25.00€15.997
Sep ’24€19.97
€28.43
+42.4%
9.6%€34.00€25.00€17.047
Aug ’24€19.50
€27.79
+42.5%
8.4%€32.00€24.50€19.427
Jul ’24€18.12
€27.36
+51.0%
7.8%€31.00€24.50€19.197
Jun ’24€19.41
€27.36
+40.9%
7.8%€31.00€24.50€21.747
May ’24€17.50
€27.67
+58.1%
7.6%€31.00€25.00€18.836
Apr ’24€19.11
€27.00
+41.3%
10.0%€31.00€24.00€20.826
Mar ’24€19.12
€26.75
+39.9%
9.4%€31.00€24.00€21.306
Feb ’24€18.64
€26.75
+43.5%
9.4%€31.00€24.00€21.306
Jan ’24€15.38
€26.42
+71.8%
8.2%€30.00€24.00€21.526
Dec ’23€15.77
€26.42
+67.5%
8.2%€30.00€24.00€20.406
Nov ’23€14.93
€27.08
+81.4%
11.1%€32.00€24.00€19.386

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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