KNEBV Stock Analysis: KONE | HE
Specialty Industrial Machinery | HE, Finland | Market Cap: 25.966m EUR | 12M Return: -1.2% | FI0009013403 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 31.8M
EPS Trend: 86.3%
Qual. Beats: -1
Rev. Trend: 88.4%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
KONE Oyj is a global elevator and escalator company headquartered in Espoo, Finland, operating worldwide through its subsidiaries. Its business model spans new equipment sales, maintenance, and modernization services, supported by a growing portfolio of digital and connected people-flow solutions such as KONE Office Flow, KONE Access, KONE Destination, and real-time monitoring tools. The company also extends into adjacent areas including cybersecurity for elevator systems, energy-efficiency solutions, consulting, and technical training through facilities such as its center in Egypt.
As a member of the Industrials sector under the Industrial Machinery & Supplies sub-industry, KONE operates in a market characterized by high aftermarket service intensity, where recurring maintenance and modernization revenue typically forms a larger and more stable share of total income than one-time new installations. Founded in 1908, the company has built a long-tenured global installed base, which is a key competitive advantage in an industry where long-term service contracts and local technician networks drive customer retention.
- China construction weakness pressures new equipment orders and margins
- Service and maintenance revenue drives recurring high-margin growth
- Modernization demand accelerates as aging installed base requires upgrades
| Net Income: 943.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.13 > 0.02 and ΔFCF/TA 0.81 > 1.0 |
| NWC/Revenue: -0.41% < 20% (prev -0.73%; Δ 0.32% < -1%) |
| CFO/TA 0.15 > 3% & CFO 1.40b > Net Income 943.7m |
| Net Debt (9.30m) to EBITDA (1.66b): 0.01 < 3 |
| Current Ratio: 0.99 > 1.5 & < 3 |
| Outstanding Shares: last quarter (517.4m) vs 12m ago 0.19% < -2% |
| Gross Margin: 14.32% > 18% (prev 13.77%; Δ 0.55% > 0.5%) |
| Asset Turnover: 129.2% > 50% (prev 131.4%; Δ -2.19% > 0%) |
| Interest Coverage Ratio: 25.24 > 6 (EBIT TTM 1.33b / Interest Expense TTM 52.5m) |
| A: -0.01 (Total Current Assets 5.58b - Total Current Liabilities 5.63b) / Total Assets 9.03b |
| B: 0.23 (Retained Earnings 2.05b / Total Assets 9.03b) |
| C: 0.15 (EBIT TTM 1.33b / Avg Total Assets 8.80b) |
| D: 0.34 (Book Value of Equity 2.30b / Total Liabilities 6.70b) |
| Altman-Z'' = 2.08 = BBB |
| DSRI: 0.83 (Receivables 2.73b/3.24b, Revenue 11.4b/11.3b) |
| GMI: 0.96 (GM 13.77% / 14.32%) |
| AQI: 0.99 (AQ_t 0.28 / AQ_t-1 0.28) |
| SGI: 1.01 (Revenue 11.4b / 11.3b) |
| TATA: -0.05 (NI 943.7m - CFO 1.40b) / TA 9.03b) |
| Beneish M = -3.20 (Cap -4..+1) = AA |
As of August 24, 2026, the stock is trading at EUR 51.90 with a total of 948,218 shares traded. Over the past week, the price has changed by +3.59%, over one month by +9.08%, over three months by +2.25% and over the past year by -1.18%.
Current recommended Stop Loss: 50.80 (which is 2.1% or 1.4 ATR below the current price).
KONE has no consensus analysts rating.
P/E Trailing = 27.5275
P/E Forward = 22.2717
P/S = 2.284
P/B = 11.2901
P/EG = 1.8525
Revenue TTM = 11.4b EUR
EBIT TTM = 1.33b EUR
EBITDA TTM = 1.66b EUR
Long Term Debt = 200.2m EUR (from longTermDebt, last fiscal year)
Short Term Debt = 157.7m EUR (from shortTermDebt, last quarter)
Debt = 1.14b EUR (from shortLongTermDebtTotal, last quarter) + Leases 455.5m
Net Debt = 9.30m EUR (calculated: Debt 1.14b - CCE 1.13b)
Enterprise Value = 26.0b EUR (26.0b + Debt 1.14b - CCE 1.13b)
Interest Coverage Ratio = 25.24 (Ebit TTM 1.33b / Interest Expense TTM 52.5m)
EV/FCF = 22.35x (Enterprise Value 26.0b / FCF TTM 1.16b)
FCF Yield = 4.47% (FCF TTM 1.16b / Enterprise Value 26.0b)
FCF Margin = 10.22% (FCF TTM 1.16b / Revenue TTM 11.4b)
Net Margin = 8.30% (Net Income TTM 943.7m / Revenue TTM 11.4b)
Gross Margin = 14.32% ((Revenue TTM 11.4b - Cost of Revenue TTM 9.74b) / Revenue TTM)
Gross Margin QoQ = 13.80% (prev 13.57%)
Tobins Q-Ratio = 2.88 (Enterprise Value 26.0b / Total Assets 9.03b)
Interest Expense / Debt = 4.61% (Interest Expense 52.5m / Debt 1.14b)
Taxrate = 25.55% (327.5m / 1.28b)
NOPAT = 986.6m (EBIT 1.33b * (1 - 25.55%))
Current Ratio = 0.99 (Total Current Assets 5.58b / Total Current Liabilities 5.63b)
Debt / Equity = 0.50 (Debt 1.14b / totalStockholderEquity, last quarter 2.30b)
Debt / EBITDA = 0.01 (Net Debt 9.30m / EBITDA 1.66b)
Debt / FCF = 0.01 (Net Debt 9.30m / FCF TTM 1.16b)
Total Stockholder Equity = 2.43b (last 4 quarters mean from totalStockholderEquity)
RoA = 10.73% (Net Income 943.7m / Total Assets 9.03b)
RoE = 38.91% (Net Income TTM 943.7m / Total Stockholder Equity 2.43b)
RoCE = 50.46% (EBIT 1.33b / Capital Employed (Equity 2.43b + L.T.Debt 200.2m))
RoIC = 32.93% (NOPAT 986.6m / Invested Capital 3.00b)
WACC = 6.01% (E(26.0b)/V(27.1b) * Re(6.12%) + D(1.14b)/V(27.1b) * Rd(4.61%) * (1-Tc(0.26)))
Discount Rate = 6.12% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -11.28 | Cagr: -0.27%
[DCF] Terminal Value 77.59% ; FCFF base≈1.11b ; Y1≈1.25b ; Y5≈1.74b
[DCF] Fair Price = 59.51 (EV 26.3b - Net Debt 9.30m = Equity 26.3b / Shares 442.1m; r=8.35% [WACC [floored]]; 5y FCF grow 12.60% → 2.50% )
EPS Correlation: 86.30 | EPS CAGR: 2.26% | SUE: -1.27 | # QB: -1
Revenue Correlation: 88.40 | Revenue CAGR: 1.40% | SUE: -0.44 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.56 | Chg30d=-0.05% | Revisions=-17% | Analysts=4
EPS current Year (2026-12-31): EPS=2.19 | Chg30d=-1.27% | Revisions=-24% | GrowthEPS=+13.3% | GrowthRev=+4.7%
EPS next Year (2027-12-31): EPS=2.47 | Chg30d=-0.63% | Revisions=-7% | GrowthEPS=+12.4% | GrowthRev=+5.9%
[Analyst] Revisions Ratio: -19% (up=11, down=17)