KNEBV Stock Analysis: KONE | HE
Specialty Industrial Machinery | HE, Finland | Market Cap: 26.184m EUR | 12M Return: -6.8% | FI0009013403 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 26.3M
EPS Trend: 86.3%
Qual. Beats: -1
Rev. Trend: 88.4%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 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 Finnish industrial company founded in 1908 and headquartered in Espoo, Finland, specializing in the global elevator and escalator business. The company manufactures elevators, escalators, and automatic building doors, and offers a growing portfolio of integrated access control, people flow, and digital building solutions such as KONE Office Flow, KONE Access, KONE Destination, and KONE infotainment. In addition to new equipment, KONE generates ongoing revenue through maintenance, modernization, and service contracts for its installed base, supported by people flow consulting, cybersecurity, energy efficiency solutions, and technician training (including a dedicated training center in Egypt).
The elevator and escalator industry is structurally tied to global urbanization and commercial real estate cycles, with equipment typically having decades-long service lives. This long product lifecycle means that service, maintenance, and modernization activities usually form a large and more stable share of revenue than new equipment sales, making the installed base a key competitive asset for major players like KONE. The company is classified within the GICS Industrials sector, under the Industrial Machinery & Supplies & Components sub-industry, and is listed on the Helsinki Stock Exchange under the ticker KNEBV.
- China property downturn pressures new equipment orders
- Maintenance and service revenue expands operating margins
- Modernization backlog grows as installed elevator fleet ages
| 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 October 09, 2026, the stock is trading at EUR 51.92 with a total of 821,501 shares traded. Over the past week, the price has changed by +2.77%, over one month by +2.53%, over three months by +3.90% and over the past year by -6.82%.
Current recommended Stop Loss: 50.60 (which is 2.5% or 1.3 ATR below the current price).
KONE has no consensus analysts rating.
P/E Trailing = 27.7582
P/E Forward = 20.4918
P/S = 2.3031
P/B = 11.6191
P/EG = 1.7734
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 = 26.2b EUR (26.2b + Debt 1.14b - CCE 1.13b)
Interest Coverage Ratio = 25.24 (Ebit TTM 1.33b / Interest Expense TTM 52.5m)
EV/FCF = 22.54x (Enterprise Value 26.2b / FCF TTM 1.16b)
FCF Yield = 4.44% (FCF TTM 1.16b / Enterprise Value 26.2b)
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 = 2.90 (Enterprise Value 26.2b / 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 = 6.17% (E(26.2b)/V(27.3b) * Re(6.29%) + D(1.14b)/V(27.3b) * Rd(4.61%) * (1-Tc(0.26)))
Discount Rate = 6.29% (= 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=+0.73% | Revisions=-17% | Analysts=5
EPS current Year (2026-12-31): EPS=2.19 | Chg30d=-0.07% | Revisions=-45% | GrowthEPS=+13.2% | GrowthRev=+4.7%
EPS next Year (2027-12-31): EPS=2.46 | Chg30d=-0.11% | Revisions=-19% | GrowthEPS=+12.4% | GrowthRev=+6.1%
[Analyst] Revisions Ratio: -36% (up=10, down=23)