KNORR-BREMSE AG (KBX.DE) Stock Fundamental Analysis
FRA:KBX - Deutsche Boerse Ag - DE000KBX1006 - Common Stock - Currency: EUR
Taking everything into account, KBX scores 5 out of 10 in our fundamental rating. KBX was compared to 107 industry peers in the Machinery industry. KBX scores excellent on profitability, but there are some minor concerns on its financial health. 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.
In the past 5 years KBX has always been profitable.
Each year in the past 5 years KBX had a positive operating cash flow.
1.2 Ratios
KBX has a Return On Assets of 6.43%. This is in the better half of the industry: KBX outperforms 78.22% of its industry peers.
KBX has a Return On Equity of 20.58%. This is amongst the best in the industry. KBX outperforms 90.10% of its industry peers.
The Return On Invested Capital of KBX (11.23%) is better than 84.16% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for KBX is above the industry average of 8.38%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.43% | ||
| ROE | 20.58% | ||
| ROIC | 11.23% |
ROA(3y)7.14%
ROA(5y)7.34%
ROE(3y)21.73%
ROE(5y)25.05%
ROIC(3y)12.41%
ROIC(5y)14.37%
1.3 Margins
KBX's Profit Margin of 7.66% is amongst the best of the industry. KBX outperforms 83.17% of its industry peers.
KBX's Profit Margin has declined in the last couple of years.
KBX has a better Operating Margin (11.83%) than 84.16% of its industry peers.
In the last couple of years the Operating Margin of KBX has declined.
KBX has a better Gross Margin (53.04%) than 74.26% of its industry peers.
KBX's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.83% | ||
| PM (TTM) | 7.66% | ||
| GM | 53.04% |
OM growth 3Y-6.38%
OM growth 5Y-5.3%
PM growth 3Y-4.67%
PM growth 5Y-4.9%
GM growth 3Y-1.46%
GM growth 5Y-0.16%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so KBX is creating value.
KBX has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, KBX has about the same amount of shares outstanding.
Compared to 1 year ago, KBX has an improved debt to assets ratio.
2.2 Solvency
KBX has an Altman-Z score of 3.00. This indicates that KBX is financially healthy and has little risk of bankruptcy at the moment.
With a decent Altman-Z score value of 3.00, KBX is doing good in the industry, outperforming 78.22% of the companies in the same industry.
The Debt to FCF ratio of KBX is 5.58, which is a neutral value as it means it would take KBX, 5.58 years of fcf income to pay off all of its debts.
KBX's Debt to FCF ratio of 5.58 is in line compared to the rest of the industry. KBX outperforms 59.41% of its industry peers.
A Debt/Equity ratio of 0.86 indicates that KBX is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.86, KBX is doing worse than 71.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.86 | ||
| Debt/FCF | 5.58 | ||
| Altman-Z | 3 |
ROIC/WACC1.88
WACC5.97%
2.3 Liquidity
KBX has a Current Ratio of 1.64. This is a normal value and indicates that KBX is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.64, KBX perfoms like the industry average, outperforming 51.49% of the companies in the same industry.
KBX has a Quick Ratio of 1.23. This is a normal value and indicates that KBX is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of KBX (1.23) is better than 67.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.64 | ||
| Quick Ratio | 1.23 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 27.67% over the past year.
Measured over the past years, KBX shows a decrease in Earnings Per Share. The EPS has been decreasing by -1.38% on average per year.
The Revenue has been growing slightly by 2.03% in the past year.
The Revenue has been growing slightly by 3.68% on average over the past years.
EPS 1Y (TTM)27.67%
EPS 3Y4.17%
EPS 5Y-1.38%
EPS Q2Q%2.53%
Revenue 1Y (TTM)2.03%
Revenue growth 3Y8.78%
Revenue growth 5Y3.68%
Sales Q2Q%-1.5%
3.2 Future
KBX is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.19% yearly.
KBX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.48% yearly.
EPS Next Y0.05%
EPS Next 2Y10.95%
EPS Next 3Y11.67%
EPS Next 5Y7.19%
Revenue Next Year1.73%
Revenue Next 2Y3.4%
Revenue Next 3Y3.98%
Revenue Next 5Y3.48%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 19.84, the valuation of KBX can be described as rather expensive.
KBX's Price/Earnings is on the same level as the industry average.
KBX is valuated rather cheaply when we compare the Price/Earnings ratio to 28.47, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 17.79, the valuation of KBX can be described as rather expensive.
Based on the Price/Forward Earnings ratio, KBX is valued a bit more expensive than 61.39% of the companies in the same industry.
KBX's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 92.74.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.84 | ||
| Fwd PE | 17.79 |
4.2 Price Multiples
KBX's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. KBX is more expensive than 62.38% of the companies in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as KBX.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.5 | ||
| EV/EBITDA | 10.66 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of KBX may justify a higher PE ratio.
PEG (NY)432.46
PEG (5Y)N/A
EPS Next 2Y10.95%
EPS Next 3Y11.67%
5. Dividend
5.1 Amount
KBX has a Yearly Dividend Yield of 2.17%. Purely for dividend investing, there may be better candidates out there.
KBX's Dividend Yield is a higher than the industry average which is at 3.14.
KBX's Dividend Yield is comparable with the S&P500 average which is at 2.28.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.17% |
5.2 History
The dividend of KBX decreases each year by -28.23%.
Dividend Growth(5Y)-28.23%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
43.35% of the earnings are spent on dividend by KBX. This is a bit on the high side, but may be sustainable.
DP43.35%
EPS Next 2Y10.95%
EPS Next 3Y11.67%
KNORR-BREMSE AG
FRA:KBX (2/5/2025, 5:36:15 PM)
76
+0.2 (+0.26%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners28.01%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap12.25B
Analysts70
Price Target78.46 (3.24%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.17% |
Yearly Dividend1.45
Dividend Growth(5Y)-28.23%
DP43.35%
Div Incr Years0
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-6.24%
Min EPS beat(2)-10.65%
Max EPS beat(2)-1.83%
EPS beat(4)2
Avg EPS beat(4)-0.11%
Min EPS beat(4)-10.65%
Max EPS beat(4)8.24%
EPS beat(8)2
Avg EPS beat(8)-6.33%
EPS beat(12)5
Avg EPS beat(12)-2.81%
EPS beat(16)8
Avg EPS beat(16)-1.09%
Revenue beat(2)0
Avg Revenue beat(2)-0.56%
Min Revenue beat(2)-1.11%
Max Revenue beat(2)0%
Revenue beat(4)1
Avg Revenue beat(4)-0.01%
Min Revenue beat(4)-2.05%
Max Revenue beat(4)3.11%
Revenue beat(8)5
Avg Revenue beat(8)1.38%
Revenue beat(12)7
Avg Revenue beat(12)0.93%
Revenue beat(16)9
Avg Revenue beat(16)0.53%
PT rev (1m)-0.19%
PT rev (3m)-2.12%
EPS NQ rev (1m)-49.69%
EPS NQ rev (3m)-42.01%
EPS NY rev (1m)-10.22%
EPS NY rev (3m)-10.22%
Revenue NQ rev (1m)0.2%
Revenue NQ rev (3m)1.28%
Revenue NY rev (1m)-0.4%
Revenue NY rev (3m)-0.4%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.84 | ||
| Fwd PE | 17.79 | ||
| P/S | 1.54 | ||
| P/FCF | 17.5 | ||
| P/OCF | 11.46 | ||
| P/B | 4.13 | ||
| P/tB | 10.73 | ||
| EV/EBITDA | 10.66 |
EPS(TTM)3.83
EY5.04%
EPS(NY)4.27
Fwd EY5.62%
FCF(TTM)4.34
FCFY5.72%
OCF(TTM)6.63
OCFY8.72%
SpS49.42
BVpS18.38
TBVpS7.08
PEG (NY)432.46
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.43% | ||
| ROE | 20.58% | ||
| ROCE | 15.17% | ||
| ROIC | 11.23% | ||
| ROICexc | 16.22% | ||
| ROICexgc | 28.16% | ||
| OM | 11.83% | ||
| PM (TTM) | 7.66% | ||
| GM | 53.04% | ||
| FCFM | 8.79% |
ROA(3y)7.14%
ROA(5y)7.34%
ROE(3y)21.73%
ROE(5y)25.05%
ROIC(3y)12.41%
ROIC(5y)14.37%
ROICexc(3y)17.4%
ROICexc(5y)25.13%
ROICexgc(3y)26.33%
ROICexgc(5y)44.39%
ROCE(3y)16.76%
ROCE(5y)19.41%
ROICexcg growth 3Y-35.65%
ROICexcg growth 5Y-13.39%
ROICexc growth 3Y-26.56%
ROICexc growth 5Y-14.5%
OM growth 3Y-6.38%
OM growth 5Y-5.3%
PM growth 3Y-4.67%
PM growth 5Y-4.9%
GM growth 3Y-1.46%
GM growth 5Y-0.16%
F-Score5
Asset Turnover0.84
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.86 | ||
| Debt/FCF | 5.58 | ||
| Debt/EBITDA | 1.92 | ||
| Cap/Depr | 97.76% | ||
| Cap/Sales | 4.63% | ||
| Interest Coverage | 15.62 | ||
| Cash Conversion | 81.03% | ||
| Profit Quality | 114.82% | ||
| Current Ratio | 1.64 | ||
| Quick Ratio | 1.23 | ||
| Altman-Z | 3 |
F-Score5
WACC5.97%
ROIC/WACC1.88
Cap/Depr(3y)117.19%
Cap/Depr(5y)118.95%
Cap/Sales(3y)5.19%
Cap/Sales(5y)5.2%
Profit Quality(3y)76.67%
Profit Quality(5y)95.89%
High Growth Momentum
Growth
EPS 1Y (TTM)27.67%
EPS 3Y4.17%
EPS 5Y-1.38%
EPS Q2Q%2.53%
EPS Next Y0.05%
EPS Next 2Y10.95%
EPS Next 3Y11.67%
EPS Next 5Y7.19%
Revenue 1Y (TTM)2.03%
Revenue growth 3Y8.78%
Revenue growth 5Y3.68%
Sales Q2Q%-1.5%
Revenue Next Year1.73%
Revenue Next 2Y3.4%
Revenue Next 3Y3.98%
Revenue Next 5Y3.48%
EBIT growth 1Y17.74%
EBIT growth 3Y1.85%
EBIT growth 5Y-1.82%
EBIT Next Year59.58%
EBIT Next 3Y24.14%
EBIT Next 5Y13.22%
FCF growth 1Y1542.47%
FCF growth 3Y-7.11%
FCF growth 5Y6.04%
OCF growth 1Y134.68%
OCF growth 3Y-4.03%
OCF growth 5Y4.73%