Company Valuation: Kone Oyj

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 32,652 24,975 23,358 24,324 31,362 29,262 - -
Change - -23.51% -6.47% 4.13% 28.93% -6.69% - -
Enterprise Value (EV) 1 30,488 23,666 22,345 23,493 30,662 28,272 27,976 27,599
Change - -22.38% -5.58% 5.14% 30.52% -7.79% -1.05% -1.35%
P/E 32.2x 32.4x 25.2x 25.5x 32x 27.6x 23.5x 21.1x
PBR 10.3x 8.8x 8.49x 8.48x 11.2x 10x 9.22x 8.28x
PEG - -1.4x 1.3x 9.13x 11.78x 3.29x 1.4x 1.9x
Capitalization / Revenue 3.11x 2.29x 2.13x 2.19x 2.79x 2.48x 2.33x 2.2x
EV / Revenue 2.9x 2.17x 2.04x 2.12x 2.73x 2.4x 2.23x 2.08x
EV / EBITDA 19.6x 17.7x 14.7x 15.2x 18.2x 15.7x 14x 12.6x
EV / EBIT 23.3x 22x 17.9x 18x 22.4x 19.2x 16.8x 15.1x
EV / FCF 23.1x 80.5x 36.3x 32.3x 37.4x 24.1x 20.3x 18.4x
FCF Yield 4.32% 1.24% 2.75% 3.09% 2.67% 4.15% 4.92% 5.43%
Dividend per Share 2 1.75 1.75 1.75 1.8 1.8 1.867 2.023 2.168
Rate of return 2.78% 3.62% 3.88% 3.83% 2.97% 3.31% 3.58% 3.84%
EPS 2 1.96 1.49 1.79 1.84 1.89 2.048 2.404 2.67
Distribution rate 89.3% 117% 97.8% 97.8% 95.2% 91.2% 84.2% 81.2%
Net sales 1 10,514 10,907 10,952 11,098 11,245 11,784 12,534 13,286
EBITDA 1 1,554 1,336 1,518 1,541 1,689 1,801 1,995 2,186
EBIT 1 1,310 1,077 1,248 1,303 1,369 1,475 1,663 1,829
Net income 1 1,014 774.5 925.8 951.3 980.1 1,068 1,260 1,394
Net Debt 1 -2,164 -1,309 -1,013 -831.2 -699.8 -989.9 -1,286 -1,663
Reference price 2 63.04 48.30 45.16 47.00 60.56 56.46 56.46 56.46
Nbr of stocks (in thousands) 517,962 517,089 517,237 517,528 517,859 518,284 - -
Announcement Date 2/2/22 1/26/23 1/26/24 1/30/25 2/6/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
27.56x2.4x15.69x3.31% 32.6B
23.2x3.96x17.95x1.37% 156B
81.88x14.24x61.41x-.--% 64.6B
28.42x2.47x15.11x2.39% 38.23B
18.49x2.31x13.71x2.31% 28.24B
94.24x2.21x23.82x-.--% 28.37B
42.54x3.57x26.59x0.69% 17.73B
38.04x3.01x26.53x0.57% 14.63B
83.28x9.02x65.83x0.59% 14.59B
79.35x8.22x58.19x0.25% 13.86B
Average 51.70x 5.14x 32.48x 1.15% 40.88B
Weighted average by Cap. 43.33x 5.36x 28.24x 1.25%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Kone Oyj

Historical PBR trend

Valuation ratios - PBR - Kone Oyj

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Kone Oyj

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Kone Oyj


Year-on-year evolution of the Yield

Valuation ratios - Yield - Kone Oyj