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Konecranes

HLSE:KCR
Snowflake Description

Reasonable growth potential with adequate balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KCR
HLSE
€2B
Market Cap
  1. Home
  2. FI
  3. Capital Goods
Company description

Konecranes Plc manufactures, sells, and services lifting equipment worldwide. The last earnings update was 22 days ago. More info.


Add to Portfolio Compare Print
  • Konecranes has significant price volatility in the past 3 months.
KCR Share Price and Events
7 Day Returns
1%
HLSE:KCR
-2.8%
FI Machinery
-2.5%
FI Market
1 Year Returns
-20%
HLSE:KCR
-7.9%
FI Machinery
-5.9%
FI Market
KCR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Konecranes (KCR) 1% -16.9% -21.3% -20% -7.5% 7.5%
FI Machinery -2.8% -8.6% -9.2% -7.9% 1.3% 24.7%
FI Market -2.5% -4.5% -2.8% -5.9% 9.9% 21.8%
1 Year Return vs Industry and Market
  • KCR underperformed the Machinery industry which returned -7.9% over the past year.
  • KCR underperformed the Market in Finland which returned -5.9% over the past year.
Price Volatility
KCR
Industry
5yr Volatility vs Market

Value

 Is Konecranes undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Konecranes to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Konecranes.

HLSE:KCR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.8%
Perpetual Growth Rate 10-Year FI Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for HLSE:KCR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year FI Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.5%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.04 (1 + (1- 20%) (44.79%))
1.276
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.28
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.54% + (1.276 * 6.51%)
8.85%

Discounted Cash Flow Calculation for HLSE:KCR using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Konecranes is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

HLSE:KCR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 8.85%)
2020 260.29 Analyst x7 239.12
2021 272.43 Analyst x7 229.93
2022 278.00 Analyst x1 215.56
2023 259.00 Analyst x1 184.50
2024 246.58 Est @ -4.79% 161.37
2025 238.71 Est @ -3.19% 143.51
2026 233.75 Est @ -2.07% 129.11
2027 230.74 Est @ -1.29% 117.08
2028 229.03 Est @ -0.74% 106.77
2029 228.21 Est @ -0.36% 97.74
Present value of next 10 years cash flows €1,624.69
HLSE:KCR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €228.21 × (1 + 0.54%) ÷ (8.85% – 0.54%)
€2,761.11
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €2,761.11 ÷ (1 + 8.85%)10
€1,182.51
HLSE:KCR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €1,624.69 + €1,182.51
€2,807.20
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €2,807.20 / 78.84
€35.61
HLSE:KCR Discount to Share Price
Calculation Result
Value per share (EUR) From above. €35.61
Current discount Discount to share price of €26.03
= -1 x (€26.03 - €35.61) / €35.61
26.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Konecranes is available for.
Intrinsic value
27%
Share price is €26.03 vs Future cash flow value of €35.61
Current Discount Checks
For Konecranes to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Konecranes's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Konecranes's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Konecranes's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Konecranes's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
HLSE:KCR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in EUR €1.32
HLSE:KCR Share Price ** HLSE (2019-08-16) in EUR €26.03
Finland Machinery Industry PE Ratio Median Figure of 13 Publicly-Listed Machinery Companies 16.67x
Finland Market PE Ratio Median Figure of 107 Publicly-Listed Companies 18.99x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Konecranes.

HLSE:KCR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= HLSE:KCR Share Price ÷ EPS (both in EUR)

= 26.03 ÷ 1.32

19.65x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Konecranes is overvalued based on earnings compared to the FI Machinery industry average.
  • Konecranes is overvalued based on earnings compared to the Finland market.
Price based on expected Growth
Does Konecranes's expected growth come at a high price?
Raw Data
HLSE:KCR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.65x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
23.6%per year
Finland Machinery Industry PEG Ratio Median Figure of 11 Publicly-Listed Machinery Companies 1.44x
Finland Market PEG Ratio Median Figure of 92 Publicly-Listed Companies 1.45x

*Line of best fit is calculated by linear regression .

HLSE:KCR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 19.65x ÷ 23.6%

0.83x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Konecranes is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Konecranes's assets?
Raw Data
HLSE:KCR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in EUR €15.35
HLSE:KCR Share Price * HLSE (2019-08-16) in EUR €26.03
Finland Machinery Industry PB Ratio Median Figure of 16 Publicly-Listed Machinery Companies 1.94x
Finland Market PB Ratio Median Figure of 142 Publicly-Listed Companies 1.93x
HLSE:KCR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= HLSE:KCR Share Price ÷ Book Value per Share (both in EUR)

= 26.03 ÷ 15.35

1.7x

* Primary Listing of Konecranes.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Konecranes is good value based on assets compared to the FI Machinery industry average.
X
Value checks
We assess Konecranes's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. Konecranes has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Konecranes expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
23.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Konecranes expected to grow at an attractive rate?
  • Konecranes's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Konecranes's earnings growth is expected to exceed the Finland market average.
  • Konecranes's revenue growth is expected to exceed the Finland market average.
Annual Growth Rates Comparison
Raw Data
HLSE:KCR Future Growth Rates Data Sources
Data Point Source Value (per year)
HLSE:KCR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 23.6%
HLSE:KCR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 2.3%
Finland Machinery Industry Earnings Growth Rate Market Cap Weighted Average 10.2%
Finland Machinery Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
Finland Market Earnings Growth Rate Market Cap Weighted Average 14.4%
Finland Market Revenue Growth Rate Market Cap Weighted Average 2.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
HLSE:KCR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
HLSE:KCR Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 3,542 328 1
2022-12-31 3,519 344 230 2
2021-12-31 3,576 331 232 9
2020-12-31 3,463 316 204 9
2019-12-31 3,346 311 139 9
HLSE:KCR Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-06-30 3,263 161 104
2019-03-31 3,242 136 107
2018-12-31 3,156 109 102
2018-09-30 3,155 86 84
2018-06-30 3,102 55 48
2018-03-31 3,126 159 41
2017-12-31 3,137 249 226
2017-09-30 2,841 246 216
2017-06-30 2,612 281 236
2017-03-31 2,344 206 237
2016-12-31 2,118 110 38
2016-09-30 2,114 89 39

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Konecranes's earnings are expected to grow significantly at over 20% yearly.
  • Konecranes's revenue is expected to grow by 2.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
HLSE:KCR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Konecranes Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HLSE:KCR Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 2.93 2.93 2.93 1.00
2021-12-31 2.95 3.33 2.65 8.00
2020-12-31 2.59 2.95 2.35 8.00
2019-12-31 1.75 1.90 1.58 7.00
HLSE:KCR Past Financials Data
Date (Data in EUR Millions) EPS *
2019-06-30 1.32
2019-03-31 1.35
2018-12-31 1.29
2018-09-30 1.06
2018-06-30 0.60
2018-03-31 0.51
2017-12-31 2.89
2017-09-30 2.95
2017-06-30 3.45
2017-03-31 3.73
2016-12-31 0.64
2016-09-30 0.67

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Konecranes is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Konecranes's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Finland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Finland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Konecranes has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Konecranes performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Konecranes's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Konecranes's year on year earnings growth rate has been positive over the past 5 years.
  • Konecranes's 1-year earnings growth exceeds its 5-year average (119.8% vs 17.2%)
  • Konecranes's earnings growth has exceeded the FI Machinery industry average in the past year (119.8% vs 4.3%).
Earnings and Revenue History
Konecranes's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Konecranes Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

HLSE:KCR Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 3,263.40 104.40 996.80
2019-03-31 3,241.50 106.80 1,009.50
2018-12-31 3,156.10 101.80 1,006.50
2018-09-30 3,155.20 83.50 992.40
2018-06-30 3,101.70 47.50 991.00
2018-03-31 3,125.90 40.50 997.70
2017-12-31 3,137.20 226.10 1,004.20
2017-09-30 2,840.60 216.10 927.60
2017-06-30 2,611.50 235.60 844.00
2017-03-31 2,343.90 236.70 749.70
2016-12-31 2,118.40 37.60 658.30
2016-09-30 2,114.00 39.30 660.70
2016-06-30 2,103.10 24.70 658.30
2016-03-31 2,109.90 20.10 661.50
2015-12-31 2,126.20 30.80 661.50
2015-09-30 2,125.40 47.70 1,085.90
2015-06-30 2,113.00 71.20 929.10
2015-03-31 2,059.00 71.40 756.50
2014-12-31 2,011.40 74.40 593.70
2014-09-30 1,984.08 66.79 598.20
2014-06-30 1,992.68 47.39 598.20
2014-03-31 2,030.98 46.89 598.20
2013-12-31 2,099.58 49.09 598.20
2013-09-30 2,123.79 49.45 598.70
2013-06-30 2,150.79 69.05 598.70
2013-03-31 2,193.39 80.85 598.70
2012-12-31 2,171.49 84.15 598.70
2012-09-30 2,164.58 84.98 530.40

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Konecranes has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Konecranes used its assets less efficiently than the FI Machinery industry average last year based on Return on Assets.
  • Konecranes's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Konecranes's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Konecranes has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Konecranes's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Konecranes's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Konecranes is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Konecranes's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Konecranes's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Konecranes Company Filings, last reported 1 month ago.

HLSE:KCR Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 1,228.80 919.20 172.10
2019-03-31 1,205.60 853.90 204.20
2018-12-31 1,284.20 756.30 230.50
2018-09-30 1,242.30 800.40 179.40
2018-06-30 1,213.40 836.90 195.10
2018-03-31 1,198.00 722.80 198.30
2017-12-31 1,278.90 736.30 233.10
2017-09-30 1,255.80 722.70 155.60
2017-06-30 1,261.60 746.90 197.90
2017-03-31 1,250.60 976.30 423.60
2016-12-31 445.50 318.00 167.40
2016-09-30 416.20 354.00 167.40
2016-06-30 401.90 339.70 80.50
2016-03-31 392.30 325.90 118.20
2015-12-31 456.00 279.00 80.80
2015-09-30 430.30 293.80 65.40
2015-06-30 436.90 334.70 72.70
2015-03-31 425.70 347.10 147.60
2014-12-31 449.30 241.60 97.90
2014-09-30 431.60 302.90 102.20
2014-06-30 396.20 406.60 149.90
2014-03-31 388.70 363.20 141.50
2013-12-31 444.51 311.30 132.21
2013-09-30 429.10 347.60 101.10
2013-06-30 427.80 377.70 107.80
2013-03-31 424.30 372.60 217.40
2012-12-31 462.62 318.06 145.32
2012-09-30 448.30 362.60 111.80
  • Konecranes's level of debt (73.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (100.1% vs 73.2% today).
  • Debt is not well covered by operating cash flow (17.9%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8.9x coverage).
X
Financial health checks
We assess Konecranes's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Konecranes has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Konecranes's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.61%
Current annual income from Konecranes dividends. Estimated to be 5.38% next year.
If you bought €2,000 of Konecranes shares you are expected to receive €92 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Konecranes's pays a higher dividend yield than the bottom 25% of dividend payers in Finland (2.47%).
  • Konecranes's dividend is below the markets top 25% of dividend payers in Finland (5.39%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
HLSE:KCR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
Finland Machinery Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 3.7%
Finland Market Average Dividend Yield Market Cap Weighted Average of 100 Stocks 4.5%
Finland Minimum Threshold Dividend Yield 10th Percentile 1.6%
Finland Bottom 25% Dividend Yield 25th Percentile 2.5%
Finland Top 25% Dividend Yield 75th Percentile 5.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

HLSE:KCR Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1.52 9.00
2020-12-31 1.40 9.00
2019-12-31 1.28 9.00
HLSE:KCR Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-28 1.200 3.762
2018-02-08 1.200 3.709
2017-02-08 1.050 2.810
2016-02-03 1.050 4.053
2015-02-10 1.050 3.992
2014-03-27 1.050 4.479
2013-01-31 1.050 4.169
2012-07-25 1.000 4.224
2012-02-28 1.000 4.826
2012-01-16 1.000 4.711
2011-03-31 1.000 5.147
2010-02-04 0.900 3.493
2009-01-15 0.900 5.362
2009-01-02 0.900 7.395

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Konecranes's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).
X
Income/ dividend checks
We assess Konecranes's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Konecranes afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Konecranes has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Panu Routila
AGE 55
TENURE AS CEO 3.8 years
CEO Bio

Mr. Panu Routila, M.Sc. (Econ.), is a Director at Trelleborg AB since April 25, 2018. Mr. Routila has been the Chief Executive Officer and President of Konecranes Plc since November 1, 2015 and has been its Member of the Group Executive Board since 2015 and served as its Head of Business Area Equipment since May 1, 2016. Mr. Routila served as Chief Executive Officer and President of Ahlström Capital Oy from 2008 to 2015. He served as a Director of Outokumpu Copper's Drawn Products Division from 1995 to 2002. He served as a Controller of Outokumpu Group, Drawn Copper Products from 1995 to 1997. Mr. Routila served as a Chief Financial Officer of Partek Morin SA from 1992 to 1995. He served as a Controller of Partek Concrete International from 1991 to 1992. He served in various Manageral positions in Finland, France and the USA at Partek Group from 1986 to 1991. He served as a Systems Analyst of Nokia Oy from 1985 to 1986. He has held industrial management positions at Kuusakoski Group and Alteams. He served as the Managing Director of Alteams Oy (A division of Kuusakoski Group Ltd.) from 2002 to 2007 and also served as its Chief Executive Officer. He has been the Chairman of AC Cleantech Management Oy since June 18, 2010. He serves as the Director of ELBI Elektrik Uluslararasi Ticaret ve Sanayi A.S. He served as the Chairman of Enics AG until April 22, 2010 and its Director from April 23, 2009 to April 22, 2010. He served as the Chairman of Ahlstrom Oyj since January 26, 2015 until April 5, 2016. He served as the Chairman of Ahlstrom Corporation from 2014 to January 21, 2015 and its Director March 25, 2014 to January 21, 2015. He served as the Chairman of Vacon Oyj from March 27, 2010 to January 12, 2015 and its Director from March 23, 2010 to January 12, 2015. He served as Chairman of Vacon Plc from 2010 to 2015, Destia Group Oyj from July 1, 2014 to March 17, 2015 and Destia Ltd from July 1, 2014 to December 2, 2014. He served as Vice Chairman of Destia Group Oyj until March 22 2016 and had been its Director since July 1, 2014 until March 22 2016. He serves as a Vice Chairman of Destia Ltd and has been its Director since July 1, 2014. He served as Vice Chairman of Arch Packaging Group AB from June 24, 2014 to October 1, 2015 and served as its Director from 2008 to October 1, 2015. Mr. Routila has been a Director of Conficap Oy since 2016. He serves as a Member of the Board of Symbicon Ltd., A&R Carton AB and ELBI Elektrik Uluslararasi Ticaret ve Sanayi A.S. He served as Director of Nordkalk Corporation, Ripasso Energy AB and Ahlstrom Oyj. Mr. Routila has an M.Sc (Econ.) degree.

CEO Compensation
  • Insufficient data for Panu to compare compensation growth.
  • Insufficient data for Panu to establish whether their remuneration is reasonable compared to companies of similar size in Finland.
Management Team Tenure

Average tenure and age of the Konecranes management team in years:

4.2
Average Tenure
54
Average Age
  • The tenure for the Konecranes management team is about average.
Management Team

Panu Routila

TITLE
President
AGE
55
TENURE
3.8 yrs

Teo Ottola

TITLE
CFO, Deputy CEO & Member of Executive Board
AGE
51
TENURE
12 yrs

Mikko Uhari

TITLE
Executive VP of Business Area Industrial Equipment & Member of Executive Board
AGE
62
TENURE
22.6 yrs

Sirpa Poitsalo

TITLE
Senior VP
AGE
56
TENURE
3.1 yrs

Fabio Fiorino

TITLE
Executive VP of Business Area Service & Member of Executive Board
AGE
52
TENURE
7.6 yrs

Timo Leskinen

TITLE
Senior VP of Human Resources & Member of the Group Executive Board
AGE
49
TENURE
6.6 yrs

Mika Mahlberg

TITLE
Executive VP of Business Area Port Solutions & Member of Executive Board and
AGE
56
TENURE
2.6 yrs

Juha Matti Pankakoski

TITLE
Executive VP of Technologies & Member of Group Executive Board
AGE
52
TENURE
4.6 yrs

Minna Aila

TITLE
Executive VP of Marketing & Corporate Affairs and Member of Group Executive Board
AGE
53
TENURE
0.9 yrs

Ari Kiviniitty

TITLE
Chief Technology Officer
AGE
62
TENURE
3 yrs
Board of Directors Tenure

Average tenure and age of the Konecranes board of directors in years:

2.7
Average Tenure
54.5
Average Age
  • The average tenure for the Konecranes board of directors is less than 3 years, this suggests a new board.
Board of Directors

Christoph Vitzthum

TITLE
Chairman
COMPENSATION
€158K
AGE
50
TENURE
3.4 yrs

Ole Johansson

TITLE
Vice Chairman
COMPENSATION
€111K
AGE
68
TENURE
2.4 yrs

Bertel Langenskiöld

TITLE
Director
COMPENSATION
€85K
AGE
69
TENURE
7.4 yrs

Ulf Liljedahl

TITLE
Director
COMPENSATION
€93K
AGE
54
TENURE
2.9 yrs

Janina Kugel

TITLE
Director
COMPENSATION
€81K
AGE
49
TENURE
2.9 yrs

Päivi Rekonen

TITLE
Director
AGE
50
TENURE
1.4 yrs

Per Nerseth

TITLE
Director
AGE
55
TENURE
1.4 yrs

Anders Nielsen

TITLE
Director
AGE
57
TENURE
1.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Konecranes's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Konecranes has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Konecranes Plc (HEL:KCR): Commentary On Fundamentals

Reasonable growth potential with adequate balance sheet and pays a dividend One reason why investors are attracted to KCR is its earnings growth potential in the near future of 24%, supported by its outstanding capacity to churn out cash from operating activities, which is predicted to more than double over the next year. … HLSE:KCR Past and Future Earnings, August 14th 2019 KCR pays a decent dividend yield to its shareholders, exceeding the low-risk savings rate, which is what investors want in order to compensate them for the risk of holding a stock. … HLSE:KCR Historical Dividend Yield, August 14th 2019 Next Steps: For Konecranes, there are three important factors you should further research: Historical Performance: What has KCR's returns been like over the past?

Simply Wall St -

Did Changing Sentiment Drive Konecranes's (HEL:KCR) Share Price Down By 18%?

That downside risk was realized by Konecranes Plc (HEL:KCR) shareholders over the last year, as the share price declined 18%. … See our latest analysis for Konecranes To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. … We note that for Konecranes the TSR over the last year was -15%, which is better than the share price return mentioned above.

Simply Wall St -

Read This Before Buying Konecranes Plc (HEL:KCR) For Its Dividend

Dividend paying stocks like Konecranes Plc (HEL:KCR) tend to be popular with investors, and for good reason - some research suggests a significant amount of all stock market returns come from reinvested dividends. Unfortunately, it's common for investors to be enticed in by the seemingly attractive yield, and lose money when the company has to cut its dividend payments. With Konecranes yielding 4.3% and having paid a dividend for over 10 years, many investors likely find the company quite interesting. We'd guess that plenty of investors have purchased it for the income. There are a few simple ways to reduce the risks of buying Konecranes for its dividend, and we'll go through these below. Explore this interactive chart for our latest analysis on Konecranes! HLSE:KCR Historical Dividend Yield, July 26th 2019 Payout ratios Dividends are usually paid out of company earnings. If a company is paying more than it earns, then the dividend might become unsustainable - hardly an ideal situation. As a result, we should always investigate whether a company can afford its dividend, measured as a percentage of a company's net income after tax. In the last year, Konecranes paid out 89% of its profit as dividends. Paying out a majority of its earnings limits the amount that can be reinvested in the business. This may indicate a commitment to paying a dividend, or a dearth of investment opportunities. We also measure dividends paid against a company's levered free cash flow, to see if enough cash was generated to cover the dividend. Konecranes paid out 98% of its free cash flow last year, which we think is concerning if cash flows do not improve. While Konecranes's dividends were covered by the company's reported profits, free cash flow is somewhat more important, so it's not great to see that the company didn't generate enough cash to pay its dividend. Were it to repeatedly pay dividends that were not well covered by cash flow, this could be a risk to Konecranes's ability to maintain its dividend. Is Konecranes's Balance Sheet Risky? As Konecranes has a meaningful amount of debt, we need to check its balance sheet to see if the company might have debt risks. A rough way to check this is with these two simple ratios: a) net debt divided by EBITDA (earnings before interest, tax, depreciation and amortisation), and b) net interest cover. Net debt to EBITDA is a measure of a company's total debt. Net interest cover measures the ability to meet interest payments. Essentially we check that a) the company does not have too much debt, and b) that it can afford to pay the interest. … Conclusion To summarise, shareholders should always check that Konecranes's dividends are affordable, that its dividend payments are relatively stable, and that it has decent prospects for growing its earnings and dividend. … Earnings growth generally bodes well for the future value of company dividend payments.

Simply Wall St -

Calculating The Intrinsic Value Of Konecranes Plc (HEL:KCR)

Using the most recent financial data, we'll take a look at whether the stock is fairly priced by taking the expected future cash flows and discounting them to their present value. … Generally we assume that a dollar today is more valuable than a dollar in the future, and so the sum of these future cash flows is then discounted to today's value: 10-year free cash flow (FCF) estimate 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Levered FCF (€, Millions) €253.1m €266.9m €249.0m €248.0m €247.7m €247.9m €248.4m €249.2m €250.2m €251.2m Growth Rate Estimate Source Analyst x7 Analyst x7 Analyst x1 Analyst x1 Est @ -0.12% Est @ 0.08% Est @ 0.22% Est @ 0.31% Est @ 0.38% Est @ 0.43% Present Value (€, Millions) Discounted @ 8.69% €232.9 €225.9 €193.9 €177.7 €163.3 €150.4 €138.6 €128.0 €118.2 €109.2 ("Est" = FCF growth rate estimated by Simply Wall St) Present Value of 10-year Cash Flow (PVCF)= €1.6b We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = €251m × (1 + 0.5%) ÷ (8.7% – 0.5%) = €3.1b Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = €€3.1b ÷ ( 1 + 8.7%)10 = €1.35b The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is €2.99b.

Simply Wall St -

Konecranes (HEL:KCR) Has A Pretty Healthy Balance Sheet

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously said that 'Volatility is far from synonymous with risk.' It's only natural to consider a company's balance sheet when you examine how risky it is, since debt is often involved when a business collapses. … When analysing debt levels, the balance sheet is the obvious place to start. … Our View Konecranes's conversion of EBIT to free cash flow suggests it can handle its debt as easily as Cristiano Ronaldo could score a goal against an under 14's goalkeeper.

Simply Wall St -

A Closer Look At Konecranes Plc's (HEL:KCR) Uninspiring ROE

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Konecranes: 8.6% = €107m ÷ €1.2b (Based on the trailing twelve months to March 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Combining Konecranes's Debt And Its 8.6% Return On Equity While Konecranes does have some debt, with debt to equity of just 0.71, we wouldn't say debt is excessive. … Companies that can achieve high returns on equity without too much debt are generally of good quality.

Simply Wall St -

Konecranes Plc’s (HEL:KCR) Investment Returns Are Lagging Its Industry

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Konecranes: 0.086 = €198m ÷ (€3.7b - €1.4b) (Based on the trailing twelve months to March 2019.) So, Konecranes has an ROCE of 8.6%. … How Konecranes's Current Liabilities Impact Its ROCE Short term (or current) liabilities, are things like supplier invoices, overdrafts, or tax bills that need to be paid within 12 months. … With this level of current liabilities, Konecranes's ROCE is boosted somewhat.

Simply Wall St -

Should We Worry About Konecranes Plc's (HEL:KCR) P/E Ratio?

The formula for price to earnings is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Konecranes: P/E of 24.41 = €33.08 ÷ €1.35 (Based on the trailing twelve months to March 2019.) Is A High Price-to-Earnings Ratio Good? … The P/E ratio indicates whether the market has higher or lower expectations of a company. … HLSE:KCR Price Estimation Relative to Market, May 14th 2019 Its relatively high P/E ratio indicates that Konecranes shareholders think it will perform better than other companies in its industry classification.

Simply Wall St -

If You Like EPS Growth Then Check Out Konecranes (HEL:KCR) Before It's Too Late

How Quickly Is Konecranes Increasing Earnings Per Share. … If you believe that markets are even vaguely efficient, then over the long term you'd expect a company's share price to follow its earnings per share (EPS). … Careful consideration of revenue growth and earnings before interest and taxation (EBIT) margins can help inform a view on the sustainability of the recent profit growth.

Simply Wall St -

Konecranes (HEL:KCR) Shareholders Booked A 82% Gain In The Last Three Years

For example, Konecranes Plc (HEL:KCR) shareholders have seen the share price rise 82% over three years, well in excess of the market return (26%, not including dividends). … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … Konecranes was able to grow its EPS at 35% per year over three years, sending the share price higher.

Simply Wall St -

Company Info

Description

Konecranes Plc manufactures, sells, and services lifting equipment worldwide. It operates in three segments: Service, Industrial Equipment, and Port Solutions. The Service segment offers specialized maintenance services and spare parts for various types and makes of industrial cranes and hoists. The Industrial Equipment segment provides industrial cranes for general manufacturing and various process industries; and crane components and lifting equipment solutions to other crane manufacturers and distributors under the Konecranes, Demag, SWF Krantechnik, Verlinde, R&M, and Donati brands. The Port Solutions segment offers container handling equipment, shipyard equipment, mobile harbor cranes, and heavy-duty lift-trucks, as well as port solution related software. The company’s products include workstation lifting systems, overhead cranes, hazardous environment cranes and hoists, lift trucks, and bulk handling equipment, as well as cores for lifting; and services comprise maintenance, inspection and preventive maintenance, predictive maintenance, corrective maintained and retrofit, consultation, modernization, and TURNCONNECT remote services. It serves the automotive, container handling, mining, general manufacturing, nuclear, petroleum and gas, power, paper and forest, shipyard, metal production, and waste to energy and biomass industries. The company was founded in 1910 and is headquartered in Hyvinkää, Finland.

Details
Name: Konecranes Plc
KCR
Exchange: HLSE
Founded: 1910
€2,052,190,258
78,839,426
Website: http://www.konecranes.com
Address: Konecranes Plc
Koneenkatu 8,
PO Box 661,
Hyvinkää,
Uusimaa, 05801,
Finland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
HLSE KCR Class A shares OMX Nordic Exchange Helsinki FI EUR 01. Apr 1996
OTCPK KNCR.F Class A shares Pink Sheets LLC US USD 01. Apr 1996
DB K34 Class A shares Deutsche Boerse AG DE EUR 01. Apr 1996
LSE 0MET Class A shares London Stock Exchange GB EUR 01. Apr 1996
BATS-CHIXE KCRH Class A shares BATS 'Chi-X Europe' GB EUR 01. Apr 1996
OTCPK KNCR.Y UNSPONSORD ADR Pink Sheets LLC US USD 20. Oct 2008
Number of employees
Current staff
Staff numbers
16,058
Konecranes employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/16 20:52
End of day share price update: 2019/08/16 00:00
Last estimates confirmation: 2019/08/05
Last earnings filing: 2019/07/25
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.