KNORR-BREMSE AG (KBX.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:KBX - DE000KBX1006 - Common Stock
98.65 EUR
-0.9 (-0.9%)
KBX gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 115 industry peers in the Machinery industry. Both the profitability and the financial health of KBX get a neutral evaluation. Nothing too spectacular is happening here. KBX is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
- In the past year KBX was profitable.
- In the past year KBX had a positive cash flow from operations.
- In the past 5 years KBX has always been profitable.
- KBX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- The Return On Assets of KBX (4.95%) is better than 65.22% of its industry peers.
- The Return On Equity of KBX (14.36%) is better than 77.39% of its industry peers.
- With an excellent Return On Invested Capital value of 10.46%, KBX belongs to the best of the industry, outperforming 82.61% 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 8.97%.
| 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 63.48% of its industry peers.
- KBX's Profit Margin has declined in the last couple of years.
- The Operating Margin of KBX (11.08%) is better than 73.04% of its industry peers.
- In the last couple of years the Operating Margin of KBX has declined.
- The Gross Margin of KBX (54.67%) is better than 73.04% of its industry peers.
- In the last couple of years the Gross Margin of KBX has remained more or less at the same level.
| 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
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), KBX is creating some value.
- The number of shares outstanding for KBX remains at a similar level compared to 1 year ago.
- 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
- An Altman-Z score of 3.69 indicates that KBX is not in any danger for bankruptcy at the moment.
- KBX's Altman-Z score of 3.69 is fine compared to the rest of the industry. KBX outperforms 78.26% of its industry peers.
- 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.
- With a decent Debt to FCF ratio value of 3.91, KBX is doing good in the industry, outperforming 63.48% of the companies in the same industry.
- KBX has a Debt/Equity ratio of 0.82. This is a neutral value indicating KBX is somewhat dependend on debt financing.
- KBX has a Debt to Equity ratio of 0.82. This is in the lower half of the industry: KBX underperforms 70.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.82 | ||
| Debt/FCF | 3.91 | ||
| Altman-Z | 3.69 |
ROIC/WACC1.52
WACC6.86%
2.3 Liquidity
- KBX has a Current Ratio of 1.84. 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 better Current ratio (1.84) than 64.35% 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.
- Looking at the Quick ratio, with a value of 1.36, KBX is in the better half of the industry, outperforming 74.78% of the companies in the same industry.
| 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.
- Measured over the past years, KBX shows a decrease in Earnings Per Share. The EPS has been decreasing by -5.37% on average per year.
- Looking at the last year, KBX shows a decrease in Revenue. The Revenue has decreased by -1.77% in the last year.
- KBX shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.59% yearly.
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 Y34.39%
EPS Next 2Y28.4%
EPS Next 3Y23.17%
EPS Next 5Y16.97%
Revenue Next Year-1.4%
Revenue Next 2Y1.88%
Revenue Next 3Y3.23%
Revenue Next 5Y4.11%
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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 36.54, the valuation of KBX can be described as expensive.
- KBX's Price/Earnings is on the same level as the industry average.
- Compared to an average S&P500 Price/Earnings ratio of 27.30, KBX is valued a bit more expensive.
- KBX is valuated rather expensively with a Price/Forward Earnings ratio of 21.60.
- KBX's Price/Forward Earnings ratio is in line with the industry average.
- The average S&P500 Price/Forward Earnings ratio is at 24.32. KBX is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.54 | ||
| Fwd PE | 21.6 |
4.2 Price Multiples
- KBX's Enterprise Value to EBITDA ratio is in line with the industry average.
- KBX's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.85 | ||
| EV/EBITDA | 13.85 |
4.3 Compensation for Growth
- KBX's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
- The decent profitability rating of KBX may justify a higher PE ratio.
- A more expensive valuation may be justified as KBX's earnings are expected to grow with 23.17% in the coming years.
PEG (NY)1.06
PEG (5Y)N/A
EPS Next 2Y28.4%
EPS Next 3Y23.17%
5. Dividend
5.1 Amount
- KBX has a Yearly Dividend Yield of 1.74%. 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 1.50.
- 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 | 1.74% |
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 2Y28.4%
EPS Next 3Y23.17%
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 34.39% 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%.