KNORR-BREMSE AG (KBX.DE) Stock Fundamental Analysis
FRA:KBX - Deutsche Boerse Ag - DE000KBX1006 - Common Stock - Currency: EUR
KBX gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 103 industry peers in the Machinery industry. KBX has an excellent profitability rating, but there are some minor concerns on its financial health. KBX has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year KBX was profitable.
KBX had a positive operating cash flow in the past year.
KBX had positive earnings in each of the past 5 years.
KBX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
KBX's Return On Assets of 4.63% is fine compared to the rest of the industry. KBX outperforms 70.59% of its industry peers.
Looking at the Return On Equity, with a value of 14.61%, KBX belongs to the top of the industry, outperforming 82.35% of the companies in the same industry.
With an excellent Return On Invested Capital value of 10.74%, KBX belongs to the best of the industry, outperforming 85.29% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for KBX is above the industry average of 8.60%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.63% | ||
| ROE | 14.61% | ||
| ROIC | 10.74% |
ROA(3y)5.8%
ROA(5y)6.55%
ROE(3y)17.71%
ROE(5y)21.38%
ROIC(3y)11%
ROIC(5y)12.85%
1.3 Margins
The Profit Margin of KBX (5.65%) is better than 69.61% of its industry peers.
KBX's Profit Margin has declined in the last couple of years.
KBX's Operating Margin of 11.56% is amongst the best of the industry. KBX outperforms 83.33% of its industry peers.
KBX's Operating Margin has declined in the last couple of years.
KBX has a Gross Margin of 53.75%. This is in the better half of the industry: KBX outperforms 75.49% of its industry peers.
KBX's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.56% | ||
| PM (TTM) | 5.65% | ||
| GM | 53.75% |
OM growth 3Y-5.47%
OM growth 5Y-5.98%
PM growth 3Y-15.23%
PM growth 5Y-7.82%
GM growth 3Y1.46%
GM growth 5Y0.78%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), KBX is creating some value.
Compared to 1 year ago, KBX has about the same amount of shares outstanding.
The number of shares outstanding for KBX remains at a similar level compared to 5 years ago.
Compared to 1 year ago, KBX has a worse debt to assets ratio.
2.2 Solvency
KBX has an Altman-Z score of 3.06. This indicates that KBX is financially healthy and has little risk of bankruptcy at the moment.
KBX has a Altman-Z score of 3.06. This is in the better half of the industry: KBX outperforms 79.41% of its industry peers.
KBX has a debt to FCF ratio of 5.67. This is a neutral value as KBX would need 5.67 years to pay back of all of its debts.
KBX's Debt to FCF ratio of 5.67 is in line compared to the rest of the industry. KBX outperforms 55.88% of its industry peers.
KBX has a Debt/Equity ratio of 0.84. This is a neutral value indicating KBX is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.84, KBX is not doing good in the industry: 67.65% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.84 | ||
| Debt/FCF | 5.67 | ||
| Altman-Z | 3.06 |
ROIC/WACC1.65
WACC6.52%
2.3 Liquidity
A Current Ratio of 1.63 indicates that KBX should not have too much problems paying its short term obligations.
The Current ratio of KBX (1.63) is comparable to the rest of the industry.
A Quick Ratio of 1.27 indicates that KBX should not have too much problems paying its short term obligations.
KBX has a Quick ratio of 1.27. This is in the better half of the industry: KBX outperforms 72.55% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.63 | ||
| Quick Ratio | 1.27 |
3. Growth
3.1 Past
KBX shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -20.17%.
KBX shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -5.37% yearly.
Looking at the last year, KBX shows a decrease in Revenue. The Revenue has decreased by -0.54% in the last year.
The Revenue has been growing slightly by 2.59% on average over the past years.
EPS 1Y (TTM)-20.17%
EPS 3Y-10.55%
EPS 5Y-5.37%
EPS Q2Q%-90.6%
Revenue 1Y (TTM)-0.54%
Revenue growth 3Y5.54%
Revenue growth 5Y2.59%
Sales Q2Q%-4.01%
3.2 Future
KBX is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 24.70% yearly.
Based on estimates for the next years, KBX will show a small growth in Revenue. The Revenue will grow by 3.86% on average per year.
EPS Next Y53.02%
EPS Next 2Y32.4%
EPS Next 3Y24.7%
EPS Next 5YN/A
Revenue Next Year4.46%
Revenue Next 2Y4.78%
Revenue Next 3Y4.36%
Revenue Next 5Y3.86%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 30.52 indicates a quite expensive valuation of KBX.
The rest of the industry has a similar Price/Earnings ratio as KBX.
When comparing the Price/Earnings ratio of KBX to the average of the S&P500 Index (28.79), we can say KBX is valued inline with the index average.
KBX is valuated rather expensively with a Price/Forward Earnings ratio of 19.95.
KBX's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of KBX to the average of the S&P500 Index (21.38), we can say KBX is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.52 | ||
| Fwd PE | 19.95 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, KBX is valued a bit more expensive than 63.73% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of KBX is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.58 | ||
| EV/EBITDA | 11.41 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of KBX may justify a higher PE ratio.
KBX's earnings are expected to grow with 24.70% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.58
PEG (5Y)N/A
EPS Next 2Y32.4%
EPS Next 3Y24.7%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.11%, KBX has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 2.65, KBX pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.47, KBX has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.11% |
5.2 History
The dividend of KBX decreases each year by -1.32%.
Dividend Growth(5Y)-1.32%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
59.33% of the earnings are spent on dividend by KBX. This is a bit on the high side, but may be sustainable.
DP59.33%
EPS Next 2Y32.4%
EPS Next 3Y24.7%
FRA:KBX (4/25/2025, 7:00:00 PM)
84.55
+1.65 (+1.99%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners29.1%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap13.63B
Analysts71.43
Price Target87.18 (3.11%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.11% |
Yearly Dividend1.64
Dividend Growth(5Y)-1.32%
DP59.33%
Div Incr Years0
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-45.87%
Min EPS beat(2)-81.09%
Max EPS beat(2)-10.65%
EPS beat(4)1
Avg EPS beat(4)-21.33%
Min EPS beat(4)-81.09%
Max EPS beat(4)8.24%
EPS beat(8)2
Avg EPS beat(8)-13.78%
EPS beat(12)4
Avg EPS beat(12)-10.94%
EPS beat(16)7
Avg EPS beat(16)-6.4%
Revenue beat(2)0
Avg Revenue beat(2)-2.13%
Min Revenue beat(2)-3.14%
Max Revenue beat(2)-1.11%
Revenue beat(4)0
Avg Revenue beat(4)-1.58%
Min Revenue beat(4)-3.14%
Max Revenue beat(4)0%
Revenue beat(8)4
Avg Revenue beat(8)0.58%
Revenue beat(12)7
Avg Revenue beat(12)0.69%
Revenue beat(16)9
Avg Revenue beat(16)0.38%
PT rev (1m)4.43%
PT rev (3m)9.65%
EPS NQ rev (1m)-4.09%
EPS NQ rev (3m)2.97%
EPS NY rev (1m)-0.85%
EPS NY rev (3m)-3.2%
Revenue NQ rev (1m)-2.49%
Revenue NQ rev (3m)-2.01%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.77%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.52 | ||
| Fwd PE | 19.95 | ||
| P/S | 1.73 | ||
| P/FCF | 19.58 | ||
| P/OCF | 13.08 | ||
| P/B | 4.48 | ||
| P/tB | 11.09 | ||
| EV/EBITDA | 11.41 |
EPS(TTM)2.77
EY3.28%
EPS(NY)4.24
Fwd EY5.01%
FCF(TTM)4.32
FCFY5.11%
OCF(TTM)6.46
OCFY7.65%
SpS48.9
BVpS18.89
TBVpS7.62
PEG (NY)0.58
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.63% | ||
| ROE | 14.61% | ||
| ROCE | 14.46% | ||
| ROIC | 10.74% | ||
| ROICexc | 17.13% | ||
| ROICexgc | 31.71% | ||
| OM | 11.56% | ||
| PM (TTM) | 5.65% | ||
| GM | 53.75% | ||
| FCFM | 8.83% |
ROA(3y)5.8%
ROA(5y)6.55%
ROE(3y)17.71%
ROE(5y)21.38%
ROIC(3y)11%
ROIC(5y)12.85%
ROICexc(3y)15.77%
ROICexc(5y)21.91%
ROICexgc(3y)25.92%
ROICexgc(5y)40.47%
ROCE(3y)14.82%
ROCE(5y)17.3%
ROICexcg growth 3Y-1.52%
ROICexcg growth 5Y-9.53%
ROICexc growth 3Y-8.39%
ROICexc growth 5Y-12.76%
OM growth 3Y-5.47%
OM growth 5Y-5.98%
PM growth 3Y-15.23%
PM growth 5Y-7.82%
GM growth 3Y1.46%
GM growth 5Y0.78%
F-Score4
Asset Turnover0.82
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.84 | ||
| Debt/FCF | 5.67 | ||
| Debt/EBITDA | 1.96 | ||
| Cap/Depr | 88.27% | ||
| Cap/Sales | 4.39% | ||
| Interest Coverage | 15.44 | ||
| Cash Conversion | 79.97% | ||
| Profit Quality | 156.4% | ||
| Current Ratio | 1.63 | ||
| Quick Ratio | 1.27 | ||
| Altman-Z | 3.06 |
F-Score4
WACC6.52%
ROIC/WACC1.65
Cap/Depr(3y)101.22%
Cap/Depr(5y)112.66%
Cap/Sales(3y)4.68%
Cap/Sales(5y)5.16%
Profit Quality(3y)97.69%
Profit Quality(5y)104.5%
High Growth Momentum
Growth
EPS 1Y (TTM)-20.17%
EPS 3Y-10.55%
EPS 5Y-5.37%
EPS Q2Q%-90.6%
EPS Next Y53.02%
EPS Next 2Y32.4%
EPS Next 3Y24.7%
EPS Next 5YN/A
Revenue 1Y (TTM)-0.54%
Revenue growth 3Y5.54%
Revenue growth 5Y2.59%
Sales Q2Q%-4.01%
Revenue Next Year4.46%
Revenue Next 2Y4.78%
Revenue Next 3Y4.36%
Revenue Next 5Y3.86%
EBIT growth 1Y4.73%
EBIT growth 3Y-0.24%
EBIT growth 5Y-3.55%
EBIT Next Year54.04%
EBIT Next 3Y22.78%
EBIT Next 5Y12.31%
FCF growth 1Y28.78%
FCF growth 3Y6.27%
FCF growth 5Y0.85%
OCF growth 1Y13.8%
OCF growth 3Y2.22%
OCF growth 5Y1.13%