KBX Stock Analysis: Knorr-Bremse | XETRA
Auto Parts | XETRA, Germany | Market Cap: 17.007m EUR | 12M Return: 20.1% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 16.3M
EPS Trend: -22.1%
Qual. Beats: 0
Rev. Trend: -3.6%
Qual. Beats: -1
Warnings
Tailwinds
No distinct edge detected
Seasonality 7.7 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.
Knorr-Bremse AG is a Germany-based manufacturer of brake systems and other safety-critical systems for rail and commercial vehicles, headquartered in Munich and founded in 1905. The company operates through two main segments: Rail Vehicle Systems and Commercial Vehicle Systems, and is controlled by KB Holding GmbH.
The Rail Vehicle Systems segment supplies braking systems alongside entrance, HVAC, sanitary, coupling, signaling, power electrics, and digital/smart-service solutions for optimizing rail traffic, supported by an extensive aftermarket offering. The Commercial Vehicle Systems segment provides pneumatic braking systems (including ABS and electronic stability programs), steering systems, driver assistance and automated driving solutions, air treatment products, and engine and transmission control components for trucks, buses, trailers, and agricultural machinery. The company also offers ancillary leasing, logistics, and IT/media services.
Braking and safety-critical systems for rail and commercial vehicles are subject to stringent type-approval and certification regimes, which create high barriers to entry and reinforce long product lifecycles backed by recurring service and aftermarket revenue. Within the GICS classification, Knorr-Bremse sits in the Automotive Parts & Equipment sub-industry of Consumer Discretionary, reflecting its commercial-vehicle exposure, even though rail equipment historically accounts for a meaningful share of group sales.
- Rail systems revenue hinges on China OE orders and global infrastructure spending
- Commercial vehicle segment tracks European and US truck production cycles
- Aftermarket services cushion margins amid OEM order volatility
- Capital returns supported by dividends and disciplined balance sheet management
| Net Income: 552.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA -0.52 > 1.0 |
| NWC/Revenue: 26.41% < 20% (prev 28.65%; Δ -2.24% < -1%) |
| CFO/TA 0.11 > 3% & CFO 1.06b > Net Income 552.0m |
| Net Debt (1.93b) to EBITDA (1.30b): 1.48 < 3 |
| Current Ratio: 1.72 > 1.5 & < 3 |
| Outstanding Shares: last quarter (161.2m) vs 12m ago 0.30% < -2% |
| Gross Margin: 13.76% > 18% (prev 38.26%; Δ -24.50% > 0.5%) |
| Asset Turnover: 81.38% > 50% (prev 80.79%; Δ 0.58% > 0%) |
| Interest Coverage Ratio: 8.66 > 6 (EBIT TTM 918.0m / Interest Expense TTM 106.0m) |
| A: 0.22 (Total Current Assets 4.93b - Total Current Liabilities 2.87b) / Total Assets 9.42b |
| B: 0.36 (Retained Earnings 3.40b / Total Assets 9.42b) |
| C: 0.10 (EBIT TTM 918.0m / Avg Total Assets 9.58b) |
| D: 0.54 (Book Value of Equity 3.29b / Total Liabilities 6.05b) |
| Altman-Z'' = 3.82 = AA |
| DSRI: 1.01 (Receivables 1.80b/1.79b, Revenue 7.80b/7.87b) |
| GMI: 2.78 (GM 38.26% / 13.76%) |
| AQI: 1.23 (AQ_t 0.28 / AQ_t-1 0.23) |
| SGI: 0.99 (Revenue 7.80b / 7.87b) |
| TATA: -0.05 (NI 552.0m - CFO 1.06b) / TA 9.42b) |
| Beneish M = -1.28 (Cap -4..+1) = D |
As of July 11, 2026, the stock is trading at EUR 101.70 with a total of 145,736 shares traded. Over the past week, the price has changed by -6.53%, over one month by +5.12%, over three months by -2.30% and over the past year by +20.09%.
Current recommended Stop Loss: 98.00 (which is 3.6% or 1.3 ATR below the current price).
Knorr-Bremse has no consensus analysts rating.
P/E Trailing = 30.848
P/E Forward = 20.0401
P/S = 2.156
P/B = 5.3341
Revenue TTM = 7.80b EUR
EBIT TTM = 918.0m EUR
EBITDA TTM = 1.30b EUR
Long Term Debt = 1.98b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 702.0m EUR (from shortTermDebt, last quarter)
Debt = 3.20b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.93b EUR (calculated: Debt 3.20b - CCE 1.26b)
Enterprise Value = 18.9b EUR (17.0b + Debt 3.20b - CCE 1.26b)
Interest Coverage Ratio = 8.66 (Ebit TTM 918.0m / Interest Expense TTM 106.0m)
EV/FCF = 23.76x (Enterprise Value 18.9b / FCF TTM 797.0m)
FCF Yield = 4.21% (FCF TTM 797.0m / Enterprise Value 18.9b)
FCF Margin = 10.22% (FCF TTM 797.0m / Revenue TTM 7.80b)
Net Margin = 7.08% (Net Income TTM 552.0m / Revenue TTM 7.80b)
Gross Margin = 13.76% ((Revenue TTM 7.80b - Cost of Revenue TTM 6.72b) / Revenue TTM)
Gross Margin QoQ = 23.59% (prev -45.72%)
Tobins Q-Ratio = 2.01 (Enterprise Value 18.9b / Total Assets 9.42b)
Interest Expense / Debt = 3.31% (Interest Expense 106.0m / Debt 3.20b)
Taxrate = 30.13% (254.0m / 843.0m)
NOPAT = 641.4m (EBIT 918.0m * (1 - 30.13%))
Current Ratio = 1.72 (Total Current Assets 4.93b / Total Current Liabilities 2.87b)
Debt / Equity = 0.97 (Debt 3.20b / totalStockholderEquity, last quarter 3.29b)
Debt / EBITDA = 1.48 (Net Debt 1.93b / EBITDA 1.30b)
Debt / FCF = 2.43 (Net Debt 1.93b / FCF TTM 797.0m)
Total Stockholder Equity = 3.07b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.76% (Net Income 552.0m / Total Assets 9.42b)
RoE = 17.95% (Net Income TTM 552.0m / Total Stockholder Equity 3.07b)
RoCE = 18.17% (EBIT 918.0m / Capital Employed (Equity 3.07b + L.T.Debt 1.98b))
RoIC = 9.34% (NOPAT 641.4m / Invested Capital 6.86b)
WACC = 7.30% (E(17.0b)/V(20.2b) * Re(8.24%) + D(3.20b)/V(20.2b) * Rd(3.31%) * (1-Tc(0.30)))
Discount Rate = 8.24% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 0.0 | Cagr: 0.0%
[DCF] Terminal Value 74.15% ; FCFF base≈827.9m ; Y1≈769.6m ; Y5≈698.6m
[DCF] Fair Price = 56.59 (EV 11.1b - Net Debt 1.93b = Equity 9.12b / Shares 161.2m; r=8.35% [WACC [floored]]; 5y FCF grow -8.85% → 2.50% )
EPS Correlation: -22.11 | EPS CAGR: -3.42% | SUE: -0.37 | # QB: 0
Revenue Correlation: -3.55 | Revenue CAGR: -0.05% | SUE: -1.83 | # QB: -1
EPS current Quarter (2026-06-30): EPS=1.21 | Chg30d=+1.89% | Revisions=+25% | Analysts=1
EPS next Quarter (2026-09-30): EPS=1.19 | Chg30d=+1.13% | Revisions=+25% | Analysts=1
EPS current Year (2026-12-31): EPS=4.64 | Chg30d=+0.61% | Revisions=-25% | GrowthEPS=+22.0% | GrowthRev=+5.5%
EPS next Year (2027-12-31): EPS=5.38 | Chg30d=+0.74% | Revisions=-25% | GrowthEPS=+16.0% | GrowthRev=+7.1%
[Analyst] Revisions Ratio: +0% (up=2, down=2)