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Kardex

OTCPK:KRDX.F
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KRDX.F
OTCPK
CHF1B
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

Kardex AG develops, produces, maintains, and sells automated storage solutions and materials handling systems worldwide. The last earnings update was 77 days ago. More info.


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KRDX.F Share Price and Events
7 Day Returns
0%
OTCPK:KRDX.F
-2.3%
US Machinery
-0.7%
US Market
1 Year Returns
-
OTCPK:KRDX.F
-2.1%
US Machinery
3%
US Market
KRDX.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Kardex (KRDX.F) 0% - - - - -
US Machinery -2.3% -5.8% -0.3% -2.1% 48.1% 26.2%
US Market -0.7% -2% 2.4% 3% 39.2% 42%
1 Year Return vs Industry and Market
  • No trading data on KRDX.F.
  • No trading data on KRDX.F.
Price Volatility
KRDX.F
Industry
5yr Volatility vs Market

Value

 Is Kardex 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 Kardex 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 Kardex.

OTCPK:KRDX.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.9%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 OTCPK:KRDX.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.052 (1 + (1- 18%) (0%))
1.035
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.035 * 5.96%)
8.9%

Discounted Cash Flow Calculation for OTCPK:KRDX.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Kardex 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.

OTCPK:KRDX.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 8.9%)
2019 30.60 Analyst x1 28.10
2020 37.10 Analyst x1 31.28
2021 49.20 Analyst x1 38.10
2022 52.89 Est @ 7.5% 37.61
2023 56.10 Est @ 6.07% 36.63
2024 58.94 Est @ 5.07% 35.34
2025 61.52 Est @ 4.37% 33.87
2026 63.90 Est @ 3.88% 32.31
2027 66.16 Est @ 3.53% 30.72
2028 68.34 Est @ 3.29% 29.14
Present value of next 10 years cash flows €333.11
OTCPK:KRDX.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €68.34 × (1 + 2.73%) ÷ (8.9% – 2.73%)
€1,138.17
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €1,138.17 ÷ (1 + 8.9%)10
€485.29
OTCPK:KRDX.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €333.11 + €485.29
€818.41
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €818.41 / 7.72
€113.47
OTCPK:KRDX.F Discount to Share Price
Calculation Result
Exchange Rate EUR/CHF
(Reporting currency to currency of SWX:KARN)
1.129
Value per Share
(CHF)
= Value per Share in EUR x Exchange Rate (EUR/CHF)
= €106.06 x 1.129
CHF119.7
Non-primary Listing Adjustment Factor 1 share in OTCPK:KRDX.F represents 0.93465x of SWX:KARN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.93465x
Value per Share
(Listing Adjusted, USD)
= Value per Share (CHF) x Listing Adjustment Factor
= CHF 119.70 x 0.93465
$111.88
Value per share (USD) From above. $111.88
Current discount Discount to share price of $151.60
= -1 x ($151.60 - $111.88) / $111.88
-35.5%

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

  • The current share price of Kardex is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Kardex's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Kardex's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:KRDX.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in EUR €4.96
SWX:KARN Share Price ** SWX (2019-05-07) in CHF CHF162.2
SWX:KARN Share Price converted to EUR reporting currency Exchange rate (CHF/ EUR) 0.886 €143.71
United States of America Machinery Industry PE Ratio Median Figure of 102 Publicly-Listed Machinery Companies 20.87x
United States of America Market PE Ratio Median Figure of 3,088 Publicly-Listed Companies 17.89x

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

** Primary Listing of Kardex.

OTCPK:KRDX.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SWX:KARN Share Price ÷ EPS (both in EUR)

= 143.71 ÷ 4.96

28.95x

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

  • Kardex is overvalued based on earnings compared to the US Machinery industry average.
  • Kardex is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Kardex's expected growth come at a high price?
Raw Data
OTCPK:KRDX.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 28.95x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
9.9%per year
United States of America Machinery Industry PEG Ratio Median Figure of 82 Publicly-Listed Machinery Companies 1.48x
United States of America Market PEG Ratio Median Figure of 2,117 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

OTCPK:KRDX.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 28.95x ÷ 9.9%

2.93x

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

  • Kardex is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Kardex's assets?
Raw Data
OTCPK:KRDX.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in EUR €19.87
SWX:KARN Share Price * SWX (2019-05-07) in CHF CHF162.2
SWX:KARN Share Price converted to EUR reporting currency Exchange rate (CHF/ EUR) 0.886 €143.71
United States of America Machinery Industry PB Ratio Median Figure of 128 Publicly-Listed Machinery Companies 2.3x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
OTCPK:KRDX.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SWX:KARN Share Price ÷ Book Value per Share (both in EUR)

= 143.71 ÷ 19.87

7.23x

* Primary Listing of Kardex.

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

  • Kardex is overvalued based on assets compared to the US Machinery industry average.
X
Value checks
We assess Kardex'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. Kardex has a total score of 0/6, 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 Kardex expected to perform in the next 1 to 3 years based on estimates from 4 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
9.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Kardex expected to grow at an attractive rate?
  • Kardex's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Kardex's earnings growth is positive but not above the United States of America market average.
  • Kardex's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:KRDX.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:KRDX.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 9.9%
OTCPK:KRDX.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 8.7%
United States of America Machinery Industry Earnings Growth Rate Market Cap Weighted Average 10.2%
United States of America Machinery Industry Revenue Growth Rate Market Cap Weighted Average 3.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
OTCPK:KRDX.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:KRDX.F Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 679 1
2022-12-31 629 1
2021-12-31 544 62 52 4
2020-12-31 509 54 48 4
2019-12-31 469 48 43 4
OTCPK:KRDX.F Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-12-31 423 48 38
2018-09-30 408 45 37
2018-06-30 393 42 35
2018-03-31 384 44 33
2017-12-31 376 46 32
2017-09-30 371 40 32
2017-06-30 367 34 32
2017-03-31 363 29 31
2016-12-31 359 24 31
2016-09-30 351 30
2016-06-30 344 39 29
2016-03-31 341 43 29

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Kardex's earnings are expected to grow by 9.9% yearly, however this is not considered high growth (20% yearly).
  • Kardex's revenue is expected to grow by 8.7% 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
OTCPK:KRDX.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Kardex Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:KRDX.F Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 6.59 7.42 6.13 3.00
2020-12-31 6.06 6.46 5.80 3.00
2019-12-31 5.55 5.74 5.30 3.00
OTCPK:KRDX.F Past Financials Data
Date (Data in EUR Millions) EPS *
2018-12-31 4.96
2018-09-30 4.74
2018-06-30 4.51
2018-03-31 4.32
2017-12-31 4.12
2017-09-30 4.12
2017-06-30 4.12
2017-03-31 4.05
2016-12-31 3.99
2016-09-30 3.88
2016-06-30 3.78
2016-03-31 3.73

*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.
  • Kardex is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Kardex'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Kardex has a total score of 3/6, 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 Kardex 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 Kardex'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.
  • Kardex's year on year earnings growth rate has been positive over the past 5 years.
  • Kardex's 1-year earnings growth exceeds its 5-year average (20.4% vs 5.4%)
  • Kardex's earnings growth has not exceeded the US Machinery industry average in the past year (20.4% vs 29.8%).
Earnings and Revenue History
Kardex'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 Kardex Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:KRDX.F Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 423.40 38.30 87.20 11.40
2018-09-30 408.00 36.55 84.10 10.85
2018-06-30 392.60 34.80 81.00 10.30
2018-03-31 384.35 33.30 80.20 10.30
2017-12-31 376.10 31.80 79.40 10.30
2017-09-30 371.35 31.80 79.20 10.20
2017-06-30 366.60 31.80 79.00 10.10
2017-03-31 362.55 31.30 77.95 10.00
2016-12-31 358.50 30.80 76.90 9.90
2016-09-30 351.00 30.00 76.05 10.10
2016-06-30 343.50 29.20 75.20 10.30
2016-03-31 340.70 28.85 74.70 9.80
2015-12-31 337.90 28.50 74.20 9.30
2015-09-30 331.80 27.55 72.00 8.35
2015-06-30 325.70 26.60 69.80 7.40
2015-03-31 316.85 25.20 68.10 7.20
2014-12-31 308.00 23.80 66.40 7.00
2014-09-30 313.60 27.00 67.55 6.80
2014-06-30 319.20 30.20 68.70 6.60
2014-03-31 359.25 30.85 74.05 6.25
2013-12-31 399.30 31.50 79.40 5.90
2013-09-30 435.60 27.30 82.30 5.40
2013-06-30 471.90 23.10 85.20 4.90
2013-03-31 478.15 22.25 85.80 4.80
2012-12-31 484.40 21.40 86.40 4.70
2012-09-30 480.95 17.35 85.80 4.85
2012-06-30 477.50 13.30 85.20 5.00

*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.
  • Kardex has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Kardex used its assets more efficiently than the US Machinery industry average last year based on Return on Assets.
  • Kardex has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Kardex'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.
Kardex has a total score of 5/6, 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 Kardex'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 Kardex's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Kardex is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Kardex's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Kardex'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.
  • Low level of unsold assets.
  • Kardex has no debt, it does not need to be covered by short term assets.
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 Kardex Company Filings, last reported 4 months ago.

OTCPK:KRDX.F Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 153.30 0.00 129.20
2018-09-30 153.30 0.00 129.20
2018-06-30 155.70 0.00 130.70
2018-03-31 155.70 0.00 130.70
2017-12-31 139.00 0.00 114.90
2017-09-30 139.00 0.00 114.90
2017-06-30 147.40 0.00 123.50
2017-03-31 147.40 0.00 123.50
2016-12-31 138.20 0.00 105.70
2016-09-30 138.20 0.00 105.70
2016-06-30 141.70 0.00 122.40
2016-03-31 141.70 0.00 122.40
2015-12-31 129.40 0.00 112.50
2015-09-30 129.40 0.00 112.50
2015-06-30 117.80 0.00 97.10
2015-03-31 117.80 0.00 97.10
2014-12-31 115.80 0.00 85.10
2014-09-30 115.80 0.00 85.10
2014-06-30 99.60 0.00 69.90
2014-03-31 99.60 0.00 69.90
2013-12-31 106.90 2.10 79.10
2013-09-30 106.90 2.10 79.10
2013-06-30 89.20 20.60 37.80
2013-03-31 89.20 20.60 37.80
2012-12-31 85.40 21.70 34.10
2012-09-30 85.40 21.70 34.10
2012-06-30 74.70 35.60 31.80
  • Kardex has no debt.
  • Kardex has no debt compared to 5 years ago when it was 1.9%.
  • Kardex has no debt, it does not need to be covered by operating cash flow.
  • Kardex has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Kardex'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. Kardex has a total score of 6/6, 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 Kardex'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
2.43%
Current annual income from Kardex dividends. Estimated to be 2.93% next year.
If you bought $2,000 of Kardex shares you are expected to receive $49 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?
  • Kardex's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Kardex's dividend is below the markets top 25% of dividend payers in United States of America (3.69%).
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
OTCPK:KRDX.F 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 4 Analyst Estimates (S&P Global) See Below
United States of America Machinery Industry Average Dividend Yield Market Cap Weighted Average of 77 Stocks 2.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2000 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

OTCPK:KRDX.F Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 4.59 4.00
2020-12-31 4.21 4.00
2019-12-31 3.82 4.00
OTCPK:KRDX.F Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-04-11 3.492 2.560
2018-03-01 3.001 2.587
2017-04-20 2.793 2.935
2016-03-09 2.699 3.373
2015-03-12 2.064 3.587
2014-04-24 1.022 2.830
2013-03-14 0.952 3.155

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

  • Whilst dividend payments have been stable, Kardex has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Kardex only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of Kardex's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
X
Income/ dividend checks
We assess Kardex's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Kardex afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Kardex has a total score of 3/6, 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 Kardex'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
Jens Fankhänel
COMPENSATION €1,485,200
AGE 53
TENURE AS CEO 3 years
CEO Bio

Mr. Jens Fankhänel has been the Chief Executive Officer and Member of Management Board at Kardex AG since May 1, 2016. Mr. Fankhänel served as Head of Kardex Remstar Division at Kardex AG since January 2011 until January 1, 2019. Mr. Fankhänel served as Managing Director of WDS Region Europe 1 Swisslog AG Buchs from 2008 to 2010. Mr. Fankhänel served as Vice President and Chief Executive Officer of Hub Central Europe Dematic GmbH & Co. KG Offenbach from 2005 to 2008. He served as Managing Director of Swisslog Australia from 2002 to 2005. He served as Senior Consultant/Director of I+O GmbH Heidelberg from 1994 to 2002. Mr. Fankhänel is Graduated in Electrical Engineering/Automation Engineering from University of Chemnitz.

CEO Compensation
  • Jens's compensation has been consistent with company performance over the past year.
  • Jens's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

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

3
Average Tenure
56
Average Age
  • The tenure for the Kardex management team is about average.
Management Team

Philipp Buhofer

TITLE
Chairman
COMPENSATION
€216K
AGE
59

Jens Fankhänel

TITLE
Group CEO & Member of Management Board
COMPENSATION
€1M
AGE
53
TENURE
3 yrs

Thomas Reist

TITLE
CFO & Member of Management Board
AGE
47
TENURE
3 yrs

Hans-Jürgen Heitzer

TITLE
Head of Kardex Mlog Division & Member of Management Board
AGE
56

Urs Siegenthaler

TITLE
Division Head of Kardex Remstar & Member of Management Board
AGE
59
TENURE
0.3 yrs

Edwin Van der Geest

TITLE
Head of Investor Relations
Board of Directors Tenure

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

7.1
Average Tenure
61
Average Age
  • The tenure for the Kardex board of directors is about average.
Board of Directors

Philipp Buhofer

TITLE
Chairman
COMPENSATION
€216K
AGE
59
TENURE
8.1 yrs

Felix Thöni

TITLE
Vice Chairman
COMPENSATION
€407K
AGE
59
TENURE
3.1 yrs

Jakob Bleiker

TITLE
Non-Executive Director
COMPENSATION
€106K
AGE
61
TENURE
7.1 yrs

Ulrich Looser

TITLE
Non-Executive Director
COMPENSATION
€117K
AGE
61
TENURE
7.1 yrs

Walter Vogel

TITLE
Director
COMPENSATION
€98K
AGE
61
TENURE
13.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Kardex'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. Kardex 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

Company Info

Description

Kardex AG develops, produces, maintains, and sells automated storage solutions and materials handling systems worldwide. The company operates through Kardex Remstar and Kardex Mlog divisions. It offers a range of storing solutions, including dynamic storage systems, and turnkey systems and high-bay warehouses; material flow management solutions; handling and automation solutions, such as automated storage and retrieval machines, conveyor systems, vertical and horizontal systems, and warehouse management solutions; and a range of office technology solutions and products that assist companies in managing various quantities of documents. Kardex AG is headquartered in Zurich, Switzerland.

Details
Name: Kardex AG
KRDX.F
Exchange: OTCPK
Founded:
CHF1,237,667,749
7,716,805
Website: http://www.kardex.com
Address: Kardex AG
Airgate,
Thurgauerstrasse 40,
Zurich,
Zurich, 8050,
Switzerland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SWX KARN Ordinary Shares SIX Swiss Exchange CH CHF 01. Jan 1990
OTCPK KRDX.F Ordinary Shares Pink Sheets LLC US USD 01. Jan 1990
DB KAX2 Ordinary Shares Deutsche Boerse AG DE EUR 01. Jan 1990
LSE 0QOL Ordinary Shares London Stock Exchange GB CHF 01. Jan 1990
BATS-CHIXE KARNZ Ordinary Shares BATS 'Chi-X Europe' GB CHF 01. Jan 1990
Number of employees
Current staff
Staff numbers
1,807
Kardex employees.
Industry
Industrial Machinery
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/20 02:48
End of day share price update: 2019/05/07 00:00
Last estimates confirmation: 2019/03/08
Last earnings filing: 2019/03/04
Last earnings reported: 2018/12/31
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.