Krones Valuation

Is KRNT.Y 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 KRNT.Y when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: KRNT.Y ($62.3) is trading below our estimate of fair value ($270.88)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for KRNT.Y?

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

The above table shows the Price to Earnings ratio for KRNT.Y. This is calculated by dividing KRNT.Y's market cap by their current earnings.
What is KRNT.Y's PE Ratio?
PE Ratio	14.7x
Earnings	€249.41m
Market Cap	€3.68b

KRNT.Y 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	0.7x
Enterprise Value/EBITDA	6.6x
PEG Ratio	0.9x

Price to Earnings Ratio vs Peers

How does KRNT.Y's PE Ratio compare to its peers?

The above table shows the PE ratio for KRNT.Y 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	46.5x
ESE ESCO Technologies	37.6x	16.5%	US$3.8b
NPO Enpro	71.5x	36.0%	US$3.9b
MWA Mueller Water Products	33.9x	24.6%	US$3.9b
KAI Kadant	42.8x	6.9%	US$4.9b
KRNT.Y Krones	14.7x	16.2%	US$3.7b

Price-To-Earnings vs Peers: KRNT.Y is good value based on its Price-To-Earnings Ratio (14.7x) compared to the peer average (46.5x).

Price to Earnings Ratio vs Industry

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

4 Companies	Price / Earnings	Estimated Growth	Market Cap
AIRJ AirJoule Technologies	1.9x	n/a	US$421.66m
CVGI Commercial Vehicle Group	2.8x	-46.6%	US$78.29m
FATH Fathom Digital Manufacturing	2.6x	n/a	US$35.24m
ZEVY Lightning eMotors	n/a	n/a	US$6.00

No more companies available in this PE range

4 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: KRNT.Y is good value based on its Price-To-Earnings Ratio (14.7x) compared to the US Machinery industry average (25x).

Price to Earnings Ratio vs Fair Ratio

What is KRNT.Y'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.

KRNT.Y PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	14.7x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate KRNT.Y'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?

Analyst Forecast: Insufficient data to show price forecast.

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