(KNEBV) KONE - HE
Sector: Industrials | Industry: Specialty Industrial Machinery | Exchange: HE (Finland) | Market Cap: 25.603m EUR | Total Return: -9.2% in 12m
Avg Turnover: 40.5M
EPS Trend: 86.8%
Qual. Beats: 0
Rev. Trend: 51.0%
Qual. Beats: 1
Warnings
Below Avwap Earnings
Tailwinds
No distinct edge detected
KONE Oyj is a Finland-based industrial company specializing in the manufacturing, installation, and servicing of elevators, escalators, and automatic building doors. Its product portfolio includes integrated access control systems, destination control technology, and digital solutions designed to optimize people flow within high-traffic urban environments.
The business model relies heavily on a high-margin service and maintenance segment, which provides recurring revenue streams long after the initial equipment installation. In the global elevator industry, long-term service contracts often account for a significant portion of total profitability due to strict safety regulations and the technical complexity of modern vertical transportation.
The company also provides consulting services for large-scale infrastructure projects, energy-efficient building upgrades, and specialized technical training. Reviewing the latest financial metrics on ValueRay can help clarify how these service segments impact overall margins.
Founded in 1908, KONE operates as a major player in the global industrials sector, focusing on urban density trends and the modernization of aging infrastructure in mature markets.
- China property market downturn pressures new equipment orders and revenue
- Service and modernization growth offsets new equipment margin compression
- Urbanization trends in emerging markets drive long-term infrastructure demand
- Digital services and 24/7 connected equipment expand recurring maintenance margins
| Net Income: 979.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.13 > 0.02 and ΔFCF/TA 1.15 > 1.0 |
| NWC/Revenue: -2.39% < 20% (prev -0.54%; Δ -1.86% < -1%) |
| CFO/TA 0.15 > 3% & CFO 1.29b > Net Income 979.4m |
| Net Debt (935.9m) to EBITDA (1.69b): 0.55 < 3 |
| Current Ratio: 0.95 > 1.5 & < 3 |
| Outstanding Shares: last quarter (517.6m) vs 12m ago -0.09% < -2% |
| Gross Margin: 14.52% > 18% (prev 13.58%; Δ 0.94% > 0.5%) |
| Asset Turnover: 128.6% > 50% (prev 128.5%; Δ 0.10% > 0%) |
| Interest Coverage Ratio: 26.22 > 6 (EBIT TTM 1.37b / Interest Expense TTM 52.2m) |
| A: -0.03 (Total Current Assets 5.43b - Total Current Liabilities 5.70b) / Total Assets 8.83b |
| B: 0.20 (Retained Earnings 1.80b / Total Assets 8.83b) |
| C: 0.16 (EBIT TTM 1.37b / Avg Total Assets 8.77b) |
| D: 0.31 (Book Value of Equity 2.10b / Total Liabilities 6.69b) |
| Altman-Z'' = 1.84 = BBB |
| DSRI: 1.00 (Receivables 2.55b/2.52b, Revenue 11.3b/11.2b) |
| GMI: 0.94 (GM 13.58% / 14.52%) |
| AQI: 1.00 (AQ_t 0.28 / AQ_t-1 0.28) |
| SGI: 1.01 (Revenue 11.3b / 11.2b) |
| TATA: -0.04 (NI 979.4m - CFO 1.29b) / TA 8.83b) |
| Beneish M = -3.08 (Cap -4..+1) = AA |
As of June 19, 2026, the stock is trading at EUR 49.40 with a total of 990,051 shares traded.
Over the past week, the price has changed by -0.12%,
over one month by -3.70%,
over three months by -13.70% and
over the past year by -9.16%.
KONE has no consensus analysts rating.
P/E Trailing = 26.1376
P/E Forward = 22.779
P/S = 2.2695
P/B = 12.1646
P/EG = 2.0703
Revenue TTM = 11.3b EUR
EBIT TTM = 1.37b EUR
EBITDA TTM = 1.69b EUR
Long Term Debt = 200.2m EUR (from longTermDebt, last fiscal year)
Short Term Debt = 356.7m EUR (from shortTermDebt, last quarter)
Debt = 1.35b EUR (from shortLongTermDebtTotal, last quarter) + Leases 455.5m
Net Debt = 935.9m EUR (calculated: Debt 1.35b - CCE 410.3m)
Enterprise Value = 26.5b EUR (25.6b + Debt 1.35b - CCE 410.3m)
Interest Coverage Ratio = 26.22 (Ebit TTM 1.37b / Interest Expense TTM 52.2m)
EV/FCF = 22.84x (Enterprise Value 26.5b / FCF TTM 1.16b)
FCF Yield = 4.38% (FCF TTM 1.16b / Enterprise Value 26.5b)
FCF Margin = 10.30% (FCF TTM 1.16b / Revenue TTM 11.3b)
Net Margin = 8.68% (Net Income TTM 979.4m / Revenue TTM 11.3b)
Gross Margin = 14.52% ((Revenue TTM 11.3b - Cost of Revenue TTM 9.64b) / Revenue TTM)
Gross Margin QoQ = 13.57% (prev 15.46%)
Tobins Q-Ratio = 3.01 (Enterprise Value 26.5b / Total Assets 8.83b)
Interest Expense / Debt = 3.88% (Interest Expense 52.2m / Debt 1.35b)
Taxrate = 25.24% (334.6m / 1.33b)
NOPAT = 1.02b (EBIT 1.37b * (1 - 25.24%))
Current Ratio = 0.95 (Total Current Assets 5.43b / Total Current Liabilities 5.70b)
Debt / Equity = 0.64 (Debt 1.35b / totalStockholderEquity, last quarter 2.10b)
Debt / EBITDA = 0.55 (Net Debt 935.9m / EBITDA 1.69b)
Debt / FCF = 0.81 (Net Debt 935.9m / FCF TTM 1.16b)
Total Stockholder Equity = 2.41b (last 4 quarters mean from totalStockholderEquity)
RoA = 11.16% (Net Income 979.4m / Total Assets 8.83b)
RoE = 40.60% (Net Income TTM 979.4m / Total Stockholder Equity 2.41b)
RoCE = 52.38% (EBIT 1.37b / Capital Employed (Equity 2.41b + L.T.Debt 200.2m))
RoIC = 33.32% (NOPAT 1.02b / Invested Capital 3.07b)
WACC = 6.18% (E(25.6b)/V(26.9b) * Re(6.35%) + D(1.35b)/V(26.9b) * Rd(3.88%) * (1-Tc(0.25)))
Discount Rate = 6.35% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 2.22 | Cagr: 0.03%
[DCF] Terminal Value 76.76% ; FCFF base≈1.12b ; Y1≈1.22b ; Y5≈1.54b
[DCF] Fair Price = 51.07 (EV 23.5b - Net Debt 935.9m = Equity 22.6b / Shares 442.1m; r=8.35% [WACC [floored]]; 5y FCF grow 10.91% → 2.50% )
EPS Correlation: 86.81 | EPS CAGR: 2.30% | SUE: -0.32 | # QB: 0
Revenue Correlation: 51.05 | Revenue CAGR: 0.77% | SUE: 0.99 | # QB: 1
EPS current Quarter (2026-06-30): EPS=0.55 | Chg30d=-0.54% | Revisions=N/A | Analysts=5
EPS next Quarter (2026-09-30): EPS=0.56 | Chg30d=-0.55% | Revisions=+33% | Analysts=5
EPS current Year (2026-12-31): EPS=2.22 | Chg30d=+0.00% | Revisions=-7% | GrowthEPS=+14.8% | GrowthRev=+4.3%
EPS next Year (2027-12-31): EPS=2.48 | Chg30d=+0.00% | Revisions=+0% | GrowthEPS=+11.5% | GrowthRev=+5.8%
[Analyst] Revisions Ratio: +33%