KARDEX HOLDING AG |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 241 CHF | +1.90% |
|
0.00% | +10.55% |
| Mar. 07 | Kardex Posts Higher FY23 Attributable Profit, Net Revenue | MT |
| Mar. 06 | Kardex Holding AG Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,258 | 1,492 | 2,313 | 1,172 | 1,682 | 1,860 | - | - |
| Enterprise Value (EV) 1 | 1,116 | 1,356 | 2,224 | 1,101 | 1,579 | 1,740 | 1,720 | 1,697 |
| P/E ratio | 26.7 x | 32.9 x | 51.8 x | 31.1 x | 26.3 x | 26.6 x | 24.7 x | 22.6 x |
| Yield | 2.76% | 2.07% | 1.43% | 2.3% | 2.29% | 2.45% | 2.73% | 3.01% |
| Capitalization / Revenue | 2.51 x | 3.25 x | 4.99 x | 2.07 x | 2.49 x | 2.67 x | 2.51 x | 2.35 x |
| EV / Revenue | 2.23 x | 2.95 x | 4.8 x | 1.95 x | 2.34 x | 2.5 x | 2.32 x | 2.14 x |
| EV / EBITDA | 15 x | 19.5 x | 32.3 x | 16.9 x | 16.6 x | 16.5 x | 15 x | 13.6 x |
| EV / FCF | 34.1 x | 48.3 x | 69.2 x | -72.5 x | 27.1 x | 30 x | 26.6 x | 22.4 x |
| FCF Yield | 2.93% | 2.07% | 1.45% | -1.38% | 3.69% | 3.34% | 3.77% | 4.47% |
| Price to Book | 6.73 x | 7.91 x | 11.9 x | 5.76 x | 7.33 x | 7.27 x | 6.6 x | 5.98 x |
| Nbr of stocks (in thousands) | 7,717 | 7,709 | 7,710 | 7,711 | 7,714 | 7,716 | - | - |
| Reference price 2 | 163.0 | 193.6 | 300.0 | 152.0 | 218.0 | 241.0 | 241.0 | 241.0 |
| Announcement Date | 3/5/20 | 3/4/21 | 3/3/22 | 3/2/23 | 3/7/24 | - | - | - |
1CHF in Million2CHF
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 500.9 | 459.8 | 463.2 | 564.9 | 674.5 | 696.1 | 740.6 | 791.9 |
| EBITDA 1 | 74.62 | 69.71 | 68.85 | 65.32 | 95.29 | 105.5 | 114.6 | 124.8 |
| EBIT 1 | 67.5 | 61.8 | 62.14 | 55.73 | 82.43 | 93.23 | 101.1 | 111 |
| Operating Margin | 13.48% | 13.44% | 13.41% | 9.87% | 12.22% | 13.39% | 13.65% | 14.02% |
| Earnings before Tax (EBT) 1 | 63.99 | 59.69 | 60.61 | 53.43 | 83.58 | 94.21 | 100.9 | 110.5 |
| Net income 1 | 47.19 | 45.32 | 44.65 | 37.75 | 63.91 | 70.03 | 74.91 | 82.31 |
| Net margin | 9.42% | 9.86% | 9.64% | 6.68% | 9.48% | 10.06% | 10.12% | 10.39% |
| EPS 2 | 6.112 | 5.880 | 5.787 | 4.894 | 8.281 | 9.073 | 9.746 | 10.64 |
| Free Cash Flow 1 | 32.74 | 28.06 | 32.14 | -15.18 | 58.25 | 58.07 | 64.75 | 75.88 |
| FCF margin | 6.54% | 6.1% | 6.94% | -2.69% | 8.64% | 8.34% | 8.74% | 9.58% |
| FCF Conversion (EBITDA) | 43.87% | 40.26% | 46.68% | - | 61.13% | 55.05% | 56.5% | 60.82% |
| FCF Conversion (Net income) | 69.37% | 61.92% | 71.98% | - | 91.14% | 82.92% | 86.43% | 92.18% |
| Dividend per Share 2 | 4.500 | 4.000 | 4.300 | 3.500 | 5.000 | 5.903 | 6.584 | 7.247 |
| Announcement Date | 3/5/20 | 3/4/21 | 3/3/22 | 3/2/23 | 3/7/24 | - | - | - |
1CHF in Million2CHF
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 |
|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 256.8 | 223.4 | 228.4 | 223 | 252.6 | 250.2 | 307.7 | 319.2 | 353.5 |
| EBITDA | 41.24 | 29.25 | 39.42 | 32.52 | 38.14 | 27.21 | 37.35 | 45.43 | - |
| EBIT 1 | 37.31 | 25.81 | 35.08 | 28.96 | 34.78 | 23.12 | 31.96 | 41.13 | 41.07 |
| Operating Margin | 14.53% | 11.55% | 15.36% | 12.99% | 13.77% | 9.24% | 10.39% | 12.88% | 11.62% |
| Earnings before Tax (EBT) | 34.86 | 24.3 | 34.52 | 27.89 | 34.27 | 20.89 | 31.96 | 40.94 | - |
| Net income | 25.72 | 18.28 | 26.39 | 21.21 | 24.61 | 15.55 | 21.77 | 30.73 | - |
| Net margin | 10.02% | 8.18% | 11.56% | 9.51% | 9.74% | 6.21% | 7.08% | 9.63% | - |
| EPS | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/5/20 | 7/30/20 | 3/4/21 | 7/29/21 | 3/3/22 | 7/28/22 | 3/2/23 | 7/27/23 | 3/7/24 |
1CHF in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 142 | 136 | 89.6 | 71.1 | 103 | 119 | 140 | 162 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 32.7 | 28.1 | 32.1 | -15.2 | 58.2 | 58.1 | 64.7 | 75.9 |
| ROE (net income / shareholders' equity) | 27.3% | 23.6% | 23.8% | 19% | 30.1% | 27.9% | 28.5% | 38.7% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 24.20 | 24.50 | 25.10 | 26.40 | 29.70 | 33.20 | 36.50 | 40.30 |
| Cash Flow per Share 2 | 6.170 | 7.190 | 5.090 | 1.350 | 10.00 | 10.50 | 11.40 | 12.80 |
| Capex 1 | 14.9 | 27.4 | 12.8 | 18.8 | 18.9 | 24.1 | 21.7 | 19.4 |
| Capex / Sales | 2.97% | 5.96% | 2.77% | 3.32% | 2.8% | 3.46% | 2.93% | 2.45% |
| Announcement Date | 3/5/20 | 3/4/21 | 3/3/22 | 3/2/23 | 3/7/24 | - | - | - |
1CHF in Million2CHF
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
241
CHF
Average target price
252.7
CHF
Spread / Average Target
+4.87%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +10.55% | 2.03B | |
| +3.05% | 37.28B | |
| +0.24% | 25.01B | |
| +11.17% | 7.47B | |
| +8.99% | 2.62B | |
| +6.26% | 1.88B | |
| +8.00% | 1.63B | |
| +52.24% | 1.33B | |
| -99.92% | 1.24B | |
| -9.58% | 1.05B |
- Stock Market
- Equities
- KARN Stock
- Financials Kardex Holding AG
