KGX Stock Analysis: Kion | XETRA
Farm & Heavy Construction Machinery | XETRA, Germany | Market Cap: 4.393m EUR | 12M Return: -39.3% | DE000KGX8881 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 13.7M
EPS Trend: -2.9%
Qual. Beats: -1
Rev. Trend: -25.4%
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.
KION Group AG is a German-headquartered provider of industrial trucks and supply chain solutions, operating across Western and Eastern Europe, the Middle East, Africa, the Americas, China, and the rest of the Asia Pacific. The company runs two main segments: Industrial Trucks & Services, which offers forklifts, counterbalance trucks, warehouse equipment, batteries, spare parts, fleet management, maintenance, driver assistance, and financing under brands such as Linde, STILL, Baoli, Fenwick, and OM; and Supply Chain Solutions, which delivers automated guided vehicles, warehouse automation, conveyors, sorters, racking, and related software and integration services primarily under the Dematic brand.
The company also rents and leases industrial trucks and offers logistics solutions overall, making it a vertically integrated player that combines equipment manufacturing with recurring service, rental, and automation revenue. Founded in 2006 and listed on XETRA, KION is classified within the GICS Industrials sector, specifically the Construction Machinery & Heavy Transportation Equipment sub-industry, competing with both traditional materials-handling OEMs and warehouse-automation specialists.
- Dematic warehouse automation backlog drives Supply Chain Solutions segment growth
- European forklift orders weaken amid industrial production slowdown
- Electric counterbalance truck adoption lifts product mix and aftermarket service margins
| Net Income: 385.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.00 > 0.02 and ΔFCF/TA -5.25 > 1.0 |
| NWC/Revenue: 0.13% < 20% (prev -1.31%; Δ 1.44% < -1%) |
| CFO/TA 0.02 > 3% & CFO 470.5m > Net Income 385.5m |
| Net Debt (11.9b) to EBITDA (1.84b): 6.47 < 3 |
| Current Ratio: 1.00 > 1.5 & < 3 |
| Outstanding Shares: last quarter (131.1m) vs 12m ago 0.0% < -2% |
| Gross Margin: 25.49% > 18% (prev 26.76%; Δ -1.27% > 0.5%) |
| Asset Turnover: 61.41% > 50% (prev 61.11%; Δ 0.30% > 0%) |
| Interest Coverage Ratio: 1.98 > 6 (EBIT TTM 665.1m / Interest Expense TTM 335.2m) |
| A: 0.00 (Total Current Assets 5.50b - Total Current Liabilities 5.48b) / Total Assets 19.0b |
| B: 0.13 (Retained Earnings 2.40b / Total Assets 19.0b) |
| C: 0.04 (EBIT TTM 665.1m / Avg Total Assets 18.7b) |
| D: 0.50 (Book Value of Equity 6.35b / Total Liabilities 12.6b) |
| Altman-Z'' = 1.18 = BB |
| DSRI: 1.58 (Receivables 3.01b/1.87b, Revenue 11.5b/11.3b) |
| GMI: 1.05 (GM 26.76% / 25.49%) |
| AQI: 0.99 (AQ_t 0.47 / AQ_t-1 0.47) |
| SGI: 1.02 (Revenue 11.5b / 11.3b) |
| TATA: -0.00 (NI 385.5m - CFO 470.5m) / TA 19.0b) |
| Beneish M = -2.49 (Cap -4..+1) = BBB |
As of October 13, 2026, the stock is trading at EUR 33.85 with a total of 345,015 shares traded. Over the past week, the price has changed by -5.68%, over one month by -16.83%, over three months by -16.09% and over the past year by -39.34%.
Current recommended Stop Loss: 31.60 (which is 6.6% or 1.4 ATR below the current price).
Kion has no consensus analysts rating.
P/E Trailing = 11.4334
P/E Forward = 8.4602
P/S = 0.3824
P/B = 0.843
P/EG = 0.3528
Revenue TTM = 11.5b EUR
EBIT TTM = 665.1m EUR
EBITDA TTM = 1.84b EUR
Long Term Debt = 903.8m EUR (from longTermDebt, last fiscal year)
Short Term Debt = 1.81b EUR (from shortTermDebt, last quarter)
Debt = 12.3b EUR (from shortLongTermDebtTotal, last quarter) + Leases 5.31b
Net Debt = 11.9b EUR (calculated: Debt 12.3b - CCE 391.0m)
Enterprise Value = 16.3b EUR (4.39b + Debt 12.3b - CCE 391.0m)
Interest Coverage Ratio = 1.98 (Ebit TTM 665.1m / Interest Expense TTM 335.2m)
EV/FCF = 172.1x (Enterprise Value 16.3b / FCF TTM 94.5m)
FCF Yield = 0.58% (FCF TTM 94.5m / Enterprise Value 16.3b)
FCF Margin = 0.82% (FCF TTM 94.5m / Revenue TTM 11.5b)
Net Margin = 3.36% (Net Income TTM 385.5m / Revenue TTM 11.5b)
Gross Margin = 25.49% ((Revenue TTM 11.5b - Cost of Revenue TTM 8.56b) / Revenue TTM)
Gross Margin QoQ = 24.78% (prev 25.87%)
Tobins Q-Ratio = 0.86 (Enterprise Value 16.3b / Total Assets 19.0b)
Interest Expense / Debt = 2.73% (Interest Expense 335.2m / Debt 12.3b)
Taxrate = 33.19% (198.8m / 598.9m)
NOPAT = 444.3m (EBIT 665.1m * (1 - 33.19%))
Current Ratio = 1.00 (Total Current Assets 5.50b / Total Current Liabilities 5.48b)
Debt / Equity = 1.93 (Debt 12.3b / totalStockholderEquity, last quarter 6.35b)
Debt / EBITDA = 6.47 (Net Debt 11.9b / EBITDA 1.84b)
Debt / FCF = 125.6 (Net Debt 11.9b / FCF TTM 94.5m)
Total Stockholder Equity = 6.18b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.06% (Net Income 385.5m / Total Assets 19.0b)
RoE = 6.24% (Net Income TTM 385.5m / Total Stockholder Equity 6.18b)
RoCE = 9.39% (EBIT 665.1m / Capital Employed (Equity 6.18b + L.T.Debt 903.8m))
RoIC = 2.98% (NOPAT 444.3m / Invested Capital 14.9b)
WACC = 3.85% (E(4.39b)/V(16.7b) * Re(9.52%) + D(12.3b)/V(16.7b) * Rd(2.73%) * (1-Tc(0.33)))
Discount Rate = 9.52% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -17.41 | Cagr: 0.0%
[DCF] Terminal Value 73.10% ; FCFF base≈480.5m ; Y1≈421.4m ; Y5≈340.5m
[DCF] Fair Price = N/A (negative equity: EV 5.47b - Net Debt 11.9b = -6.41b; debt exceeds intrinsic value)
EPS Correlation: -2.94 | EPS CAGR: -0.35% | SUE: -0.93 | # QB: -1
Revenue Correlation: -25.37 | Revenue CAGR: -0.30% | SUE: 0.78 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.93 | Chg30d=-0.80% | Revisions=+25% | Analysts=2
EPS current Year (2026-12-31): EPS=3.67 | Chg30d=-1.26% | Revisions=+36% | GrowthEPS=+12.9% | GrowthRev=+3.6%
EPS next Year (2027-12-31): EPS=4.54 | Chg30d=-0.35% | Revisions=+25% | GrowthEPS=+23.8% | GrowthRev=+4.8%
[Analyst] Revisions Ratio: +46% (up=8, down=2)