Knorr-Bremse AG

OTCPK:KNBH.F Stock Report

Market Cap: US$11.8b

Knorr-Bremse Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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 KNBH.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: KNBH.F ($71.39) is trading below our estimate of fair value ($112.65)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for KNBH.F?

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

The above table shows the Price to Earnings ratio for KNBH.F. This is calculated by dividing KNBH.F's market cap by their current earnings.
What is KNBH.F's PE Ratio?
PE Ratio18.9x
Earnings€599.93m
Market Cap€11.34b

Price to Earnings Ratio vs Peers

How does KNBH.F's PE Ratio compare to its peers?

The above table shows the PE ratio for KNBH.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average20x
ALSN Allison Transmission Holdings
12.9x4.7%US$9.4b
OSK Oshkosh
9x6.6%US$6.1b
FSS Federal Signal
26.5x8.2%US$5.7b
WAB Westinghouse Air Brake Technologies
31.6x16.6%US$33.6b
KNBH.F Knorr-Bremse
18.9x11.1%US$11.3b

Price-To-Earnings vs Peers: KNBH.F is good value based on its Price-To-Earnings Ratio (18.9x) compared to the peer average (20x).

Price to Earnings Ratio vs Industry

How does KNBH.F's PE Ratio compare vs other companies in the US Machinery Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AIRJ AirJoule Technologies
2.1xn/aUS$554.52m
CVGI Commercial Vehicle Group
2.8x-46.6%US$75.70m
FATH Fathom Digital Manufacturing
2.6xn/aUS$35.24m
ZEVY Lightning eMotors
n/an/aUS$65.00
No more companies available in this PE range
KNBH.F 18.9xIndustry Avg. 22.6xNo. of Companies10PE01224364860+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: KNBH.F is good value based on its Price-To-Earnings Ratio (18.9x) compared to the US Machinery industry average (22.6x).

Price to Earnings Ratio vs Fair Ratio

What is KNBH.F'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.

KNBH.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate KNBH.F's Price-To-Earnings Fair Ratio for valuation analysis.

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 KNBH.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$71.39
US$80.80
+13.2%
13.4%US$95.74US$62.44n/a15
Dec ’25US$75.90
US$81.52
+7.4%
13.9%US$95.24US$58.20n/a15
Nov ’25US$85.64
US$83.73
-2.2%
14.1%US$99.15US$59.60n/a15
Oct ’25US$85.19
US$84.59
-0.7%
14.3%US$100.21US$55.67n/a15
Sep ’25n/a
US$81.83
0%
14.1%US$96.05US$54.57n/a16
Aug ’25US$76.01
US$80.84
+6.4%
13.8%US$94.05US$54.05n/a16
Jul ’25US$75.41
US$80.11
+6.2%
13.6%US$94.38US$54.24n/a16
Jun ’25US$77.00
US$80.11
+4.0%
13.6%US$94.38US$54.24n/a16
May ’25US$75.24
US$75.95
+0.9%
13.2%US$92.00US$51.35n/a16
Apr ’25US$74.84
US$73.04
-2.4%
12.4%US$84.85US$49.41n/a16
Mar ’25US$69.84
US$73.78
+5.6%
12.4%US$85.72US$49.91n/a16
Feb ’25n/a
US$71.54
0%
13.5%US$85.63US$48.78n/a16
Jan ’25US$62.75
US$69.90
+11.4%
14.7%US$84.55US$48.16n/a16
Dec ’24n/a
US$69.90
0%
14.7%US$84.55US$48.16US$75.9016
Nov ’24US$53.87
US$69.55
+29.1%
14.6%US$83.48US$47.55US$85.6416
Oct ’24US$59.04
US$71.86
+21.7%
13.4%US$84.41US$48.08US$85.1916
Sep ’24n/a
US$74.55
0%
10.2%US$85.90US$59.80n/a16
Aug ’24US$69.94
US$76.58
+9.5%
9.8%US$87.37US$61.60US$76.0116
Jul ’24n/a
US$74.89
0%
7.9%US$85.51US$65.78US$75.4116
Jun ’24US$70.81
US$72.74
+2.7%
7.4%US$80.15US$64.12US$77.0016
May ’24US$65.04
US$72.88
+12.1%
7.5%US$82.49US$65.99US$75.2415
Apr ’24n/a
US$74.55
0%
15.8%US$113.33US$64.76US$74.8415
Mar ’24n/a
US$72.88
0%
17.8%US$111.95US$56.51US$69.8414
Feb ’24US$66.89
US$69.49
+3.9%
19.5%US$112.72US$54.75n/a15
Jan ’24US$53.04
US$67.27
+26.8%
19.6%US$110.36US$53.61US$62.7515
Dec ’23US$55.53
US$67.04
+20.7%
19.8%US$109.31US$53.09n/a15

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 01:06
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Knorr-Bremse AG is covered by 33 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Vlad SergievskiiBarclays
Philippe LorrainBerenberg
Yasmin SteilenBerenberg