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 3,406 - -
Change - 9.49% 6.48% 7.33% 13.17% -20.62% - -
Enterprise Value (EV) 1 2,652 2,795 3,285 3,528 3,929 2,877 2,740 2,594
Change - 5.43% 17.51% 7.41% 11.37% -26.78% -4.75% -5.31%
P/E 21.5x 17.7x 15.7x 13.7x 14.4x 10.7x 9.76x 8.86x
PBR 2.18x 2.08x 2.06x 1.97x 2.02x 1.44x 1.31x 1.18x
PEG - 0.5x 0.8x 0.6x 1.86x 1.56x 1.04x 0.9x
Capitalization / Revenue 0.83x 0.79x 0.75x 0.72x 0.76x 0.59x 0.56x 0.53x
EV / Revenue 0.73x 0.66x 0.7x 0.67x 0.69x 0.5x 0.45x 0.4x
EV / EBITDA 8.48x 7.49x 7.18x 6.57x 6.52x 4.57x 4.05x 3.55x
EV / EBIT 15.5x 12.1x 11.3x 9.57x 9.42x 6.6x 5.77x 4.97x
EV / FCF 13.2x 7.75x -131x 13x 15x 14.1x 11.1x 9.84x
FCF Yield 7.57% 12.9% -0.76% 7.68% 6.65% 7.1% 9.03% 10.2%
Dividend per Share 2 1.4 1.75 2.2 2.6 2.8 3.083 3.323 3.629
Rate of return 1.46% 1.67% 1.97% 2.17% 2.06% 2.86% 3.08% 3.37%
EPS 2 4.47 5.92 7.11 8.77 9.45 10.1 11.05 12.16
Distribution rate 31.3% 29.6% 30.9% 29.6% 29.6% 30.5% 30.1% 29.8%
Net sales 1 3,634 4,209 4,721 5,294 5,664 5,775 6,061 6,410
EBITDA 1 312.6 373.3 457.3 537.1 602.3 630.1 676.2 729.9
EBIT 1 170.9 230.4 291 368.6 417.1 435.9 474.6 521.7
Net income 1 141.4 187 224.5 276.9 298.7 319.9 350 386.5
Net Debt 1 -378.3 -521.9 -247.2 -263 -361.1 -529 -665.7 -811.3
Reference price 2 95.90 105.00 111.80 120.00 135.80 107.80 107.80 107.80
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.68x0.5x4.57x2.86% 3.86B
31.02x5.4x19.55x0.83% 122B
34.67x5.45x20.65x1.55% 96.9B
42.25x8.56x25.06x-.--% 61.4B
26.92x3.08x17.81x0.77% 58.81B
39.58x6.16x27.17x1.96% 57.33B
26.77x4.92x17.21x2.25% 34.98B
30.18x4.03x15.22x0.11% 29.67B
20.39x1.74x12.55x2.3% 29.67B
20.22x3.48x11.13x1.51% 28.14B
Average 28.27x 4.33x 17.09x 1.41% 52.31B
Weighted average by Cap. 31.83x 5.15x 19.68x 1.17%

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