KION Group KGX.DE
GermanyIndustrials · Farm & Heavy Construction MachineryXetra · EUR
55.53 EUR (+63.5%)
15 analysts
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KION Group AG is a leading German manufacturer of forklift trucks, automated warehousing, and supply chain solutions, selling its products and services to industrial and logistics customers worldwide.
Listed on Xetra · Symbol KGX.DE · ETR: KGX · Currency EUR
Key points
from its scores- ✓Attractive valuation8.3
- ✕Poor share-price trend0.7
- ✕Unfavourable risk and backdrop1.6
- ✕Fragile balance sheet3.4
AI analysis
bottom line, main risk, context and newsThe valuation is extremely cheap, but high leverage and a weak industrial cycle in Europe suggest waiting for an improvement in demand or a reduction in debt before taking a position.
KION trades at a very attractive valuation (P/E 11.59, FCF yield 24.24%), but its high leverage (Net Debt/EBITDA of 4.25) and cyclical nature make it vulnerable to the ECB's monetary tightening and a weak industrial cycle, justifying a risk discount.
The main risk is its high financial leverage (Net Debt/EBITDA of 4.25) in a rising interest rate environment in Europe, which could compress its margin and limit its investment capacity if the industrial cycle does not recover.
Context and risks
KION Group, a German manufacturer of forklift trucks and warehouse technology, operates in a cyclical industrial sector and is energy and steel intensive. The rise in interest rates in Europe, where the ECB has raised rates and further hikes are expected, makes refinancing its high debt (Net Debt/EBITDA of 4.25) more expensive and pressures its long-duration valuation. Furthermore, its exposure to the weak European industrial cycle and energy costs, aggravated by the TTF gas context, adds pressure on its margins.
Is KION Group stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 54% below the Industrials median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 11.6 | 25.4 | −54% |
| EV / EBITDA | 6.8 | 14.5 | −53% |
| Price / book | 0.7 | 4.1 | −83% |
| Price / sales | 0.4 | 2.1 | −81% |
Sector: median of the 388 Industrials companies analysed. In bold, the multiples used for the comparison.
Valuation score: 8.3 out of 10 (median for Industrials: 5.0).
Average analyst target: 55.53 EUR, +63.5% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 3.4 (sector 6.4), Growth 6.2 (sector 6.6).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Industrials medianValuation
- P/E
- 11.6
- Forward P/E
- 7.5
- EV / EBITDA
- 6.8
- Price / book
- 0.7
- Price / sales
- 0.4
- PEG
- 0.35
- Market cap
- 4.5B EUR
- Enterprise value
- 11.8B EUR
Profitability
- ROE
- 6.5%
- ROA
- 2.5%
- ROIC (approx.)
- 5.5%
- Gross margin
- 26.3%
- Operating margin
- 6.7%
- Net margin
- 3.4%
- Free cash flow
- 1.1B EUR
- FCF yield
- 24.2%
- Cash conversion
- 63%
Solvency
- Total debt
- 7.7B EUR
- Net debt
- 7.3B EUR
- Cash
- 391.0M EUR
- EBITDA
- 1.7B EUR
- Net debt / EBITDA
- 4.25
- Debt / equity
- 121.11
- Current ratio
- 1.00
- Quick ratio
- 0.62
Growth
- Revenue growth
- +7.7%
- Earnings growth
- +18.9%
- EPS (TTM)
- 2.93 EUR
- EPS (forward)
- 4.54 EUR
Dividend
- Dividend yield
- 1.8%
- Payout
- 21.2%
Risk and market
- Beta
- 2.04
- Analyst consensus
- Buy (15)
- Target price
- 55.53 EUR
- 52-week range
- 33.96 – 70.45
Recent news
All KGX.DE news →Compare it with its sector
All 388 in Industrials →Frequently asked questions about KION Group
Is KION Group stock cheap or expensive?
On P/E and EV / EBITDA, it trades 54% below the Industrials median on average. Valuation score: 8.3 out of 10 (median for Industrials: 5.0). Average analyst target: 55.53 EUR, +63.5% versus the price. This is not investment advice.
What score does KION Group get on MeridIAn Screener?
It scores 4.6 out of 10, rank 1,843 of 2,130 (better than 13% of the companies analysed). Its strongest category is Valuation (8.3) and its weakest, Momentum (0.7). Analysis of 08/10/2026.
What is KION Group's P/E ratio?
Its P/E is 11.6: the share price equals 11.6 times earnings per share over the last 12 months. The Industrials median is 25.4. Based on the earnings analysts expect, the forward P/E is 7.5.
How much is KION Group worth on the stock market?
Its market capitalisation is 4.5B EUR and its enterprise value, debt included, is 11.8B EUR.
How much debt does KION Group have?
Its net debt (debt minus cash) is 7.3B EUR. That is 4.25 times its EBITDA; the Industrials median is 1.58.
Does KION Group pay a dividend?
Yes: its dividend yield is 1.83% and it pays out 21% of its earnings.
How has KION Group stock performed over the last year?
It has fallen 37.2% over the last year, excluding dividends. Over the last 52 weeks it has traded between 33.96 and 70.45 EUR. Past performance does not guarantee future results.
What do analysts think of KION Group?
15 analysts cover it; their average recommendation is “Buy” and their average target is 55.53 EUR (+63.5% versus the price). It is an estimate, not market data.