Financials Knorr-Bremse AG

Equities

KBX

DE000KBX1006

Heavy Machinery & Vehicles

Real-time Estimate Tradegate 04:29:41 2024-04-19 am EDT 5-day change 1st Jan Change
68.02 EUR -1.27% Intraday chart for Knorr-Bremse AG -1.88% +15.22%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 14,629 18,003 14,008 8,228 9,479 11,107 - -
Enterprise Value (EV) 1 15,282 18,703 14,777 9,563 9,479 12,046 11,712 11,166
P/E ratio 24.9 x 36.4 x 22.5 x 16.8 x 17.1 x 18.3 x 16.3 x 14.7 x
Yield 1.98% 1.36% 2.13% 2.84% - 2.56% 2.88% 3.23%
Capitalization / Revenue 2.11 x 2.92 x 2.09 x 1.15 x 1.2 x 1.41 x 1.35 x 1.3 x
EV / Revenue 2.2 x 3.04 x 2.2 x 1.34 x 1.2 x 1.53 x 1.42 x 1.31 x
EV / EBITDA 11.5 x 16.9 x 12.2 x 9.15 x 7.76 x 9.29 x 8.28 x 7.27 x
EV / FCF 22.9 x 27.7 x 24.6 x 50.5 x - 20.3 x 17.2 x 13.6 x
FCF Yield 4.37% 3.61% 4.07% 1.98% - 4.92% 5.81% 7.34%
Price to Book 8.2 x 9.83 x 6.01 x 3.21 x - 3.48 x 3.06 x 2.71 x
Nbr of stocks (in thousands) 161,200 161,200 161,200 161,200 161,200 161,200 - -
Reference price 2 90.75 111.7 86.90 51.04 58.80 68.90 68.90 68.90
Announcement Date 4/23/20 3/31/21 2/24/22 3/23/23 3/21/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 6,937 6,157 6,706 7,150 7,926 7,888 8,225 8,546
EBITDA 1 1,329 1,107 1,211 1,046 1,221 1,297 1,414 1,537
EBIT 1 1,063 814 920.3 721.3 869.9 937.6 1,042 1,149
Operating Margin 15.32% 13.22% 13.72% 10.09% 10.98% 11.89% 12.67% 13.45%
Earnings before Tax (EBT) 1 907.1 750.6 885 688.8 772.8 867.2 975.6 1,035
Net income 1 588.4 495.5 624.3 487.7 552.5 602.6 678.3 756.5
Net margin 8.48% 8.05% 9.31% 6.82% 6.97% 7.64% 8.25% 8.85%
EPS 2 3.650 3.070 3.870 3.030 3.430 3.774 4.218 4.695
Free Cash Flow 1 667.6 674.3 601.4 189.4 - 592.6 680.2 819.2
FCF margin 9.63% 10.95% 8.97% 2.65% - 7.51% 8.27% 9.59%
FCF Conversion (EBITDA) 50.25% 60.92% 49.67% 18.11% - 45.7% 48.11% 53.31%
FCF Conversion (Net income) 113.46% 136.09% 96.33% 38.84% - 98.34% 100.27% 108.29%
Dividend per Share 2 1.800 1.520 1.850 1.450 - 1.766 1.982 2.227
Announcement Date 4/23/20 3/31/21 2/24/22 3/23/23 3/21/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 3,419 1,589 1,698 1,669 1,737 1,792 1,952 1,908 2,010 3,917 1,939 2,069 1,956 2,019 1,876 2,030 -
EBITDA 1 632.2 284.2 294.4 254 256.4 278.4 278.2 276.6 299.3 - 303.9 341.2 322 335.5 307.4 - -
EBIT 1 495.5 213.1 211.7 181.5 183.1 199.9 178.1 190.1 209.2 399.3 222.7 247.9 232.8 243.3 223.4 247.5 -
Operating Margin 14.49% 13.41% 12.47% 10.88% 10.54% 11.16% 9.13% 9.96% 10.41% 10.19% 11.49% 11.98% 11.9% 12.05% 11.91% 12.19% -
Earnings before Tax (EBT) - 198.5 208.8 171.8 - 191.7 161.5 187.1 189.6 - 184.1 212 - - - - -
Net income 1 - 145.9 145.1 123.4 105.8 144.9 113.4 124.7 119.1 - 126.9 181.9 154.5 162.7 144.7 - -
Net margin - 9.18% 8.55% 7.39% 6.1% 8.09% 5.81% 6.54% 5.93% - 6.55% 8.79% 7.9% 8.06% 7.71% - -
EPS 2 - 0.9100 0.9000 0.7700 0.6500 0.9000 0.7100 0.7700 0.7400 - 0.7900 1.130 0.9207 0.9365 0.8872 1.340 0.9480
Dividend per Share 2 - - - - - - - - - - - - - 1.860 - - -
Announcement Date 8/13/21 11/12/21 2/24/22 5/12/22 8/12/22 11/10/22 3/23/23 5/11/23 8/10/23 8/10/23 10/31/23 3/21/24 - - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 653 700 768 1,335 - 939 605 59.5
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 0.4915 x 0.6323 x 0.6346 x 1.277 x - 0.7245 x 0.4281 x 0.0387 x
Free Cash Flow 1 668 674 601 189 - 593 680 819
ROE (net income / shareholders' equity) 35.8% 27.4% 30% 19.9% - 20.3% 20% 20.5%
ROA (Net income/ Total Assets) 8.98% 6.96% 8.55% 6.41% - 7.05% 7.65% 8.25%
Assets 1 6,554 7,118 7,305 7,606 - 8,552 8,869 9,170
Book Value Per Share 2 11.10 11.40 14.50 15.90 - 19.80 22.50 25.40
Cash Flow per Share 2 6.110 6.430 6.060 3.360 - 6.390 5.080 6.310
Capex 1 318 362 376 352 - 421 436 452
Capex / Sales 4.59% 5.87% 5.61% 4.93% - 5.34% 5.3% 5.28%
Announcement Date 4/23/20 3/31/21 2/24/22 3/23/23 3/21/24 - - -
1EUR in Million2EUR
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
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
16
Last Close Price
68.9 EUR
Average target price
69.56 EUR
Spread / Average Target
+0.96%
Consensus
  1. Stock Market
  2. Equities
  3. KBX Stock
  4. Financials Knorr-Bremse AG