KNORR-BREMSE AG (KBX.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:KBX - DE000KBX1006 - Common Stock
98.45 EUR
-0.65 (-0.66%)
Overall KBX gets a fundamental rating of 5 out of 10. We evaluated KBX against 111 industry peers in the Machinery industry. KBX has an average financial health and profitability rating. KBX is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
- KBX had positive earnings in the past year.
- KBX had a positive operating cash flow in the past year.
- KBX had positive earnings in each of the past 5 years.
- In the past 5 years KBX always reported a positive cash flow from operatings.
1.2 Ratios
- With a decent Return On Assets value of 4.95%, KBX is doing good in the industry, outperforming 63.96% of the companies in the same industry.
- Looking at the Return On Equity, with a value of 14.36%, KBX is in the better half of the industry, outperforming 75.68% of the companies in the same industry.
- With a decent Return On Invested Capital value of 10.46%, KBX is doing good in the industry, outperforming 79.28% of the companies in the same industry.
- The Average Return On Invested Capital over the past 3 years for KBX is in line with the industry average of 9.21%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.95% | ||
| ROE | 14.36% | ||
| ROIC | 10.46% |
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
- KBX has a Profit Margin of 5.56%. This is in the better half of the industry: KBX outperforms 62.16% of its industry peers.
- In the last couple of years the Profit Margin of KBX has declined.
- KBX has a Operating Margin of 11.08%. This is in the better half of the industry: KBX outperforms 71.17% of its industry peers.
- In the last couple of years the Operating Margin of KBX has declined.
- KBX's Gross Margin of 54.67% is fine compared to the rest of the industry. KBX outperforms 72.07% of its industry peers.
- KBX's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.08% | ||
| PM (TTM) | 5.56% | ||
| GM | 54.67% |
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
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so KBX is still creating some value.
- KBX has about the same amout of shares outstanding than it did 1 year ago.
- The number of shares outstanding for KBX remains at a similar level compared to 5 years ago.
- The debt/assets ratio for KBX is higher compared to a year ago.
2.2 Solvency
- An Altman-Z score of 3.69 indicates that KBX is not in any danger for bankruptcy at the moment.
- Looking at the Altman-Z score, with a value of 3.69, KBX is in the better half of the industry, outperforming 77.48% of the companies in the same industry.
- KBX has a debt to FCF ratio of 3.91. This is a good value and a sign of high solvency as KBX would need 3.91 years to pay back of all of its debts.
- Looking at the Debt to FCF ratio, with a value of 3.91, KBX is in the better half of the industry, outperforming 63.06% of the companies in the same industry.
- A Debt/Equity ratio of 0.82 indicates that KBX is somewhat dependend on debt financing.
- Looking at the Debt to Equity ratio, with a value of 0.82, KBX is doing worse than 71.17% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.82 | ||
| Debt/FCF | 3.91 | ||
| Altman-Z | 3.69 |
ROIC/WACC1.55
WACC6.77%
2.3 Liquidity
- A Current Ratio of 1.84 indicates that KBX should not have too much problems paying its short term obligations.
- The Current ratio of KBX (1.84) is better than 65.77% of its industry peers.
- KBX has a Quick Ratio of 1.36. This is a normal value and indicates that KBX is financially healthy and should not expect problems in meeting its short term obligations.
- KBX has a Quick ratio of 1.36. This is in the better half of the industry: KBX outperforms 75.68% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.84 | ||
| Quick Ratio | 1.36 |
3. Growth
3.1 Past
- The earnings per share for KBX have decreased strongly by -29.50% in the last year.
- The Earnings Per Share has been decreasing by -5.37% on average over the past years.
- KBX shows a decrease in Revenue. In the last year, the revenue decreased by -1.77%.
- The Revenue has been growing slightly by 2.59% on average over the past years.
EPS 1Y (TTM)-29.5%
EPS 3Y-10.55%
EPS 5Y-5.37%
EPS Q2Q%9.88%
Revenue 1Y (TTM)-1.77%
Revenue growth 3Y5.54%
Revenue growth 5Y2.59%
Sales Q2Q%-1.45%
3.2 Future
- Based on estimates for the next years, KBX will show a quite strong growth in Earnings Per Share. The EPS will grow by 16.97% on average per year.
- The Revenue is expected to grow by 4.11% on average over the next years.
EPS Next Y35.12%
EPS Next 2Y28.69%
EPS Next 3Y23.39%
EPS Next 5Y16.97%
Revenue Next Year-1.4%
Revenue Next 2Y1.88%
Revenue Next 3Y3.23%
Revenue Next 5Y4.11%
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- 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
- With a Price/Earnings ratio of 36.46, KBX can be considered very expensive at the moment.
- Based on the Price/Earnings ratio, KBX is valued a bit more expensive than 60.36% of the companies in the same industry.
- KBX's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 28.60.
- A Price/Forward Earnings ratio of 21.46 indicates a rather expensive valuation of KBX.
- KBX's Price/Forward Earnings ratio is in line with the industry average.
- KBX is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 25.83, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.46 | ||
| Fwd PE | 21.46 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of KBX is on the same level as its industry peers.
- KBX's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.81 | ||
| EV/EBITDA | 13.79 |
4.3 Compensation for Growth
- The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
- KBX has a very decent profitability rating, which may justify a higher PE ratio.
- A more expensive valuation may be justified as KBX's earnings are expected to grow with 23.39% in the coming years.
PEG (NY)1.04
PEG (5Y)N/A
EPS Next 2Y28.69%
EPS Next 3Y23.39%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 1.76%, KBX has a reasonable but not impressive dividend return.
- KBX's Dividend Yield is a higher than the industry average which is at 1.48.
- Compared to an average S&P500 Dividend Yield of 1.82, KBX has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.76% |
5.2 History
- The dividend of KBX decreases each year by -1.32%.
Dividend Growth(5Y)-1.32%
Div Incr Years1
Div Non Decr Years2
5.3 Sustainability
- KBX pays out 64.74% of its income as dividend. This is not a sustainable payout ratio.
DP64.74%
EPS Next 2Y28.69%
EPS Next 3Y23.39%
KNORR-BREMSE AG / KBX.DE FAQ
What is the fundamental rating for KBX stock?
ChartMill assigns a fundamental rating of 5 / 10 to KBX.DE.
What is the valuation status of KNORR-BREMSE AG (KBX.DE) stock?
ChartMill assigns a valuation rating of 3 / 10 to KNORR-BREMSE AG (KBX.DE). This can be considered as Overvalued.
How profitable is KNORR-BREMSE AG (KBX.DE) stock?
KNORR-BREMSE AG (KBX.DE) has a profitability rating of 6 / 10.
Can you provide the expected EPS growth for KBX stock?
The Earnings per Share (EPS) of KNORR-BREMSE AG (KBX.DE) is expected to grow by 35.12% in the next year.
Is the dividend of KNORR-BREMSE AG sustainable?
The dividend rating of KNORR-BREMSE AG (KBX.DE) is 3 / 10 and the dividend payout ratio is 64.74%.