Kardex Holding Valuation

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

KRDX.F ($339.6) is trading below our estimate of [[fair value]] ($376.01)

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

Valuation Score

1/6

Valuation Score 1/6

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

Below Fair Value: KRDX.F ($339.6) is trading below our estimate of fair value ($376.01)

Significantly Below Fair Value: KRDX.F is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for KRDX.F. This is calculated by dividing KRDX.F's market cap by their current preferred multiple.
What is KRDX.F's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	€2.28b

KRDX.F key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	2.9x
Enterprise Value/EBITDA	21x
PEG Ratio	4.5x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for KRDX.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	28x
AIN Albany International	21.3x	14.8%	US$2.4b
EPAC Enerpac Tool Group	29.1x	14.3%	US$2.4b
ESE ESCO Technologies	32.6x	16.7%	US$3.3b
SXI Standex International	29.1x	15.3%	US$2.2b
KRDX.F Kardex Holding	31.4x	6.9%	US$2.1b

Price-To-Earnings vs Peers: KRDX.F is expensive based on its Price-To-Earnings Ratio (31.4x) compared to the peer average (28x).

Price to Earnings Ratio vs Industry

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

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	8.2%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	8.2%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: KRDX.F is expensive based on its Price-To-Earnings Ratio (31.4x) compared to the US Machinery industry average (22x).

Price to Earnings Ratio vs Fair Ratio

What is KRDX.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.

KRDX.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	31.4x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate KRDX.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 KRDX.F forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	US$339.60	US$316.71 -6.7%	14.3%	US$396.52	US$260.87	n/a	5
Oct ’25	US$328.00	US$309.59 -5.6%	14.7%	US$398.10	US$261.91	n/a	6
Sep ’25	US$300.46	US$309.59 +3.0%	14.7%	US$398.10	US$261.91	n/a	6
Aug ’25	n/a	US$300.97 0%	14.6%	US$391.47	US$257.55	n/a	6
Jul ’25	US$242.21	US$288.10 +18.9%	11.5%	US$353.27	US$251.54	n/a	6
Jun ’25	n/a	US$276.48 0%	11.4%	US$341.32	US$240.67	n/a	7
May ’25	US$253.79	US$276.48 +8.9%	11.4%	US$341.32	US$240.67	n/a	7
Apr ’25	n/a	US$284.86 0%	11.4%	US$349.35	US$250.35	n/a	6
Mar ’25	n/a	US$277.70 0%	11.1%	US$334.62	US$239.01	n/a	6
Feb ’25	n/a	US$282.81 0%	10.4%	US$342.77	US$244.84	n/a	7
Jan ’25	n/a	US$265.97 0%	6.5%	US$289.85	US$238.70	n/a	6
Dec ’24	US$225.00	US$259.86 +15.5%	6.5%	US$282.75	US$232.85	n/a	6
Nov ’24	US$188.00	US$270.44 +43.9%	5.9%	US$290.22	US$250.39	n/a	6
Oct ’24	US$201.62	US$270.44 +34.1%	5.9%	US$290.22	US$250.39	US$328.00	6
Sep ’24	n/a	US$270.44 0%	5.9%	US$290.22	US$250.39	US$300.46	6
Aug ’24	US$247.00	US$266.94 +8.1%	5.7%	US$292.39	US$252.26	n/a	6
Jul ’24	US$221.81	US$237.93 +7.3%	6.3%	US$256.60	US$222.58	US$242.21	6
Jun ’24	US$209.06	US$237.93 +13.8%	6.3%	US$256.60	US$222.58	n/a	6
May ’24	n/a	US$237.93 0%	6.3%	US$256.60	US$222.58	US$253.79	6
Apr ’24	n/a	US$229.19 0%	6.4%	US$247.47	US$214.66	n/a	6
Mar ’24	US$199.78	US$219.39 +9.8%	7.1%	US$242.09	US$198.08	n/a	6
Feb ’24	n/a	US$219.39 0%	7.1%	US$242.09	US$198.08	n/a	6
Jan ’24	US$167.00	US$208.77 +25.0%	8.1%	US$237.32	US$188.78	n/a	6
Dec ’23	US$169.75	US$205.40 +21.0%	8.3%	US$232.48	US$184.93	US$225.00	6
Nov ’23	n/a	US$202.48 0%	8.6%	US$226.97	US$174.21	US$188.00	6
Oct ’23	n/a	US$216.85 0%	4.7%	US$232.23	US$203.71	US$201.62	5

Analyst Forecast: Target price is lower than the current share price.