(KGX) Kion - Overview
Sector: Industrials | Industry: Farm & Heavy Construction Machinery | Exchange: XETRA (Germany) | Market Cap: 5.794m EUR | Total Return: 8.2% in 12m
Avg Turnover: 15.7M
EPS Trend: 46.8%
Qual. Beats: 0
Rev. Trend: -15.3%
Qual. Beats: 0
Warnings
High Debt/EBITDA (6.8) with thin interest coverage (1.8)
Altman Z'' 1.01 < 1.0 - financial distress zone
Below Avwap Earnings
Tailwinds
No distinct edge detected
Kion Group AG is a global manufacturer of industrial trucks and supply chain solutions, headquartered in Frankfurt am Main. The company operates through two primary segments: Industrial Trucks & Services, which manages a multi-brand portfolio including Linde and STILL, and Supply Chain Solutions, which operates under the Dematic brand. Its product range spans from electric and internal combustion forklifts to fully automated warehouse systems and software.
The business model relies on a dual revenue stream of equipment sales and high-margin recurring services, such as maintenance, fleet management, and financing. This sector is increasingly driven by the expansion of e-commerce and the resulting demand for automated storage and retrieval systems (ASRS) to optimize warehouse throughput. For a deeper look into these operational metrics, consider reviewing the company profile on ValueRay.
Kion maintains a significant global footprint with operations across Europe, the Americas, and Asia. As a key player in the intralogistics industry, the company integrates hardware like automated guided vehicles (AGVs) with proprietary software to streamline global supply chain infrastructure.
- Global warehouse automation demand fluctuates with e-commerce capital expenditure cycles
- Rising labor costs accelerate industrial truck automation and software adoption
- Steel price volatility and supply chain stability impact manufacturing margins
- Interest rate environments influence customer financing and fleet leasing volumes
- Economic growth in China dictates long-term Industrial Trucks segment profitability
| Net Income: 367.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA -1.76 > 1.0 |
| NWC/Revenue: 4.76% < 20% (prev -0.59%; Δ 5.35% < -1%) |
| CFO/TA 0.06 > 3% & CFO 1.09b > Net Income 367.8m |
| Net Debt (12.0b) to EBITDA (1.77b): 6.76 < 3 |
| Current Ratio: 1.10 > 1.5 & < 3 |
| Outstanding Shares: last quarter (131.1m) vs 12m ago -0.02% < -2% |
| Gross Margin: 26.13% > 18% (prev 0.26%; Δ 2.59k% > 0.5%) |
| Asset Turnover: 59.61% > 50% (prev 60.63%; Δ -1.02% > 0%) |
| Interest Coverage Ratio: 1.84 > 6 (EBITDA TTM 1.77b / Interest Expense TTM 329.9m) |
| A: 0.03 (Total Current Assets 5.75b - Total Current Liabilities 5.21b) / Total Assets 19.0b |
| B: 0.12 (Retained Earnings 2.36b / Total Assets 19.0b) |
| C: 0.03 (EBIT TTM 606.7m / Avg Total Assets 18.9b) |
| D: 0.19 (Book Value of Equity 2.42b / Total Liabilities 12.7b) |
| Altman-Z'' = 1.01 = BB |
| DSRI: 1.37 (Receivables 2.74b/2.02b, Revenue 11.3b/11.4b) |
| GMI: 1.01 (GM 26.13% / 26.45%) |
| AQI: 0.98 (AQ_t 0.46 / AQ_t-1 0.47) |
| SGI: 0.99 (Revenue 11.3b / 11.4b) |
| TATA: -0.04 (NI 367.8m - CFO 1.09b) / TA 19.0b) |
| Beneish M = -2.77 (Cap -4..+1) = A |
As of May 27, 2026, the stock is trading at EUR 44.60 with a total of 370,467 shares traded.
Over the past week, the price has changed by +1.13%,
over one month by +3.12%,
over three months by -20.99% and
over the past year by +8.19%.
Kion has no consensus analysts rating.
P/E Trailing = 21.2452
P/E Forward = 8.2988
P/S = 0.5137
P/B = 0.9095
P/EG = 0.411
Revenue TTM = 11.3b EUR
EBIT TTM = 606.7m EUR
EBITDA TTM = 1.77b EUR
Long Term Debt = 903.8m EUR (from longTermDebt, last fiscal year)
Short Term Debt = 1.76b EUR (from shortTermDebt, last quarter)
Debt = 12.9b EUR (from shortLongTermDebtTotal, last quarter) + Leases 5.68b
Net Debt = 12.0b EUR (calculated: Debt 12.9b - CCE 967.2m)
Enterprise Value = 17.7b EUR (5.79b + Debt 12.9b - CCE 967.2m)
Interest Coverage Ratio = 1.84 (Ebit TTM 606.7m / Interest Expense TTM 329.9m)
EV/FCF = 24.75x (Enterprise Value 17.7b / FCF TTM 717.0m)
FCF Yield = 4.04% (FCF TTM 717.0m / Enterprise Value 17.7b)
FCF Margin = 6.36% (FCF TTM 717.0m / Revenue TTM 11.3b)
Net Margin = 3.26% (Net Income TTM 367.8m / Revenue TTM 11.3b)
Gross Margin = 26.13% ((Revenue TTM 11.3b - Cost of Revenue TTM 8.33b) / Revenue TTM)
Gross Margin QoQ = 25.87% (prev 24.69%)
Tobins Q-Ratio = 0.93 (Enterprise Value 17.7b / Total Assets 19.0b)
Interest Expense / Debt = 2.55% (Interest Expense 329.9m / Debt 12.9b)
Taxrate = 34.66% (48.9m / 141.1m)
NOPAT = 396.4m (EBIT 606.7m * (1 - 34.66%))
Current Ratio = 1.10 (Total Current Assets 5.75b / Total Current Liabilities 5.21b)
Debt / Equity = 2.07 (Debt 12.9b / totalStockholderEquity, last quarter 6.25b)
Debt / EBITDA = 6.76 (Net Debt 12.0b / EBITDA 1.77b)
Debt / FCF = 16.67 (Net Debt 12.0b / FCF TTM 717.0m)
Total Stockholder Equity = 6.06b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.94% (Net Income 367.8m / Total Assets 19.0b)
RoE = 6.07% (Net Income TTM 367.8m / Total Stockholder Equity 6.06b)
RoCE = 8.72% (EBIT 606.7m / Capital Employed (Equity 6.06b + L.T.Debt 903.8m))
RoIC = 2.56% (NOPAT 396.4m / Invested Capital 15.5b)
WACC = 4.24% (E(5.79b)/V(18.7b) * Re(9.96%) + D(12.9b)/V(18.7b) * Rd(2.55%) * (1-Tc(0.35)))
Discount Rate = 9.96% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -29.28 | Cagr: -0.01%
[DCF] Terminal Value 73.10% ; FCFF base≈847.7m ; Y1≈743.4m ; Y5≈600.6m
[DCF] Fair Price = N/A (negative equity: EV 9.64b - Net Debt 12.0b = -2.31b; debt exceeds intrinsic value)
EPS Correlation: 46.75 | EPS CAGR: 16.49% | SUE: -0.17 | # QB: 0
Revenue Correlation: -15.34 | Revenue CAGR: -0.19% | SUE: -0.26 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.89 | Chg30d=-6.08% | Revisions=-20% | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.89 | Chg30d=-15.08% | Revisions=-20% | Analysts=1
EPS current Year (2026-12-31): EPS=3.78 | Chg30d=-0.39% | Revisions=-54% | GrowthEPS=+16.3% | GrowthRev=+4.0%
EPS next Year (2027-12-31): EPS=4.75 | Chg30d=-1.73% | Revisions=-57% | GrowthEPS=+25.8% | GrowthRev=+6.0%
[Analyst] Revisions Ratio: -57%