Company Valuation: Krones AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 3,030 3,317 3,532 3,791 4,290 3,671 - -
Change - 9.49% 6.48% 7.33% 13.17% -14.43% - -
Enterprise Value (EV) 1 2,652 2,795 3,285 3,528 3,929 3,130 2,982 2,827
Change - 5.43% 17.51% 7.41% 11.37% -20.33% -4.72% -5.22%
P/E 21.5x 17.7x 15.7x 13.7x 14.4x 11.4x 10.4x 9.43x
PBR 2.18x 2.08x 2.06x 1.97x 2.02x 1.56x 1.41x 1.27x
PEG - 0.5x 0.8x 0.6x 1.86x 1.51x 1.05x 0.9x
Capitalization / Revenue 0.83x 0.79x 0.75x 0.72x 0.76x 0.63x 0.6x 0.57x
EV / Revenue 0.73x 0.66x 0.7x 0.67x 0.69x 0.54x 0.49x 0.44x
EV / EBITDA 8.48x 7.49x 7.18x 6.57x 6.52x 4.96x 4.39x 3.85x
EV / EBIT 15.5x 12.1x 11.3x 9.57x 9.42x 7.16x 6.24x 5.37x
EV / FCF 13.2x 7.75x -131x 13x 15x 15.5x 11.8x 10.5x
FCF Yield 7.57% 12.9% -0.76% 7.68% 6.65% 6.46% 8.5% 9.48%
Dividend per Share 2 1.4 1.75 2.2 2.6 2.8 3.115 3.365 3.689
Rate of return 1.46% 1.67% 1.97% 2.17% 2.06% 2.68% 2.9% 3.17%
EPS 2 4.47 5.92 7.11 8.77 9.45 10.16 11.17 12.33
Distribution rate 31.3% 29.6% 30.9% 29.6% 29.6% 30.6% 30.1% 29.9%
Net sales 1 3,634 4,209 4,721 5,294 5,664 5,786 6,090 6,440
EBITDA 1 312.6 373.3 457.3 537.1 602.3 631.4 679.4 733.9
EBIT 1 170.9 230.4 291 368.6 417.1 437.5 478.3 526.8
Net income 1 141.4 187 224.5 276.9 298.7 322.4 354.7 392.6
Net Debt 1 -378.3 -521.9 -247.2 -263 -361.1 -540.8 -688.6 -844.2
Reference price 2 95.90 105.00 111.80 120.00 135.80 116.20 116.20 116.20
Nbr of stocks (in thousands) 31,593 31,593 31,593 31,593 31,593 31,593 - -
Announcement Date 3/21/22 3/24/23 3/23/24 3/19/25 3/20/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
16.99x1.8x10.56x0.83% 19.38B
30.43x6.32x19.69x1.09% 17.25B
22.61x2.89x17.56x1.44% 8.33B
54.64x5.74x22.71x - 7.03B
46.49x5.28x31.25x0.38% 6.43B
15.2x1.17x8.82x4.79% 5.72B
19.56x2.86x10.69x2.16% 4.54B
7.88x1.26x5.19x4.57% 4.14B
33.28x3.56x16.33x - 3.95B
Average 27.45x 3.43x 15.87x 2.18% 8.53B
Weighted average by Cap. 26.90x 3.66x 16.10x 1.6%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield