KONE KNEBV.HE
KONE is a Finnish company and a global leader in the manufacturing and maintenance of elevators, escalators, and automatic doors, with a business model based on recurring revenue from services and equipment modernization. KONE maintains exceptional quality (ROE 41.43%, ROIC 41.78%) and a healthy balance sheet with net cash, but earnings growth is negative (-13.2%) and the valuation (P/E 28.41) is demanding for 3.1% revenue growth. The TK Elevator integration is key to reversing the trend.
Detailed metrics
Market and fundamental data as of the analysis date.
Full AI report
Generated automatically from the metrics, the macro context and the company's news.
KONE is a Finnish company and a global leader in the manufacturing and maintenance of elevators, escalators, and automatic doors, with a business model based on recurring revenue from services and equipment modernization. KONE maintains exceptional quality (ROE 41.43%, ROIC 41.78%) and a healthy balance sheet with net cash, but earnings growth is negative (-13.2%) and the valuation (P/E 28.41) is demanding for 3.1% revenue growth. The TK Elevator integration is key to reversing the trend.
Score by category
| Category | Score |
|---|---|
| Financial health | 6.9 |
| Quality / Moat | 9.3 |
| Valuation | 4.6 |
| Growth | 3.3 |
| Dividend | 4.3 |
| Momentum | 2.6 |
| Risk & Context | 6.9 |
OVERALL SCORE: 6.0/10
Context and risks
The TK Elevator integration adds execution risk and costs, while weakness in new equipment in China pressures margins. The high-rate environment in Europe (ECB hiking) makes refinancing acquired debt more expensive, although KONE's balance sheet is solid.
News considered in the analysis
- Kone Oyj Unsponsored ADR (KNYJY) Q2 Earnings Lag Estimates — Resultados del Q2 que no alcanzan las estimaciones, reflejando la debilidad del negocio nuevo en China y márgenes bajo presión.
- KONE Oyj (KNYJF) Q2 2026 Earnings Call Highlights: Strong Modernization Growth and Strategic ... — El crecimiento en modernización es un punto positivo estructural, pero no compensa la debilidad general del trimestre.
- Kone Confirms Guidance Despite Costs of TK Elevator Acquisition — Reafirmar la guía pese a los costes de integración de TK Elevator da visibilidad, aunque la integración sigue siendo un riesgo de ejecución.
- Germany's $125 Billion Deal Boom Puts M&A Back in Focus — Ruido de mercado sobre M&A en Alemania, sin impacto directo en KONE.
- Update: Montage Gold Shares Up 9.5% as It Grows Kone Higher-Grade Satellite Resources — Noticia sobre una empresa minera no relacionada con KONE Corporation.
Verdict: Hold; wait for the TK Elevator integration to show results and earnings growth to stabilize before increasing the position.
Main risk: The TK Elevator integration and weakness in new equipment in China are the main short-term risks, with a 98.9% payout ratio leaving little room for error.
Other Industrials companies
Neighbours in the sector ranking, to compare without going back to the index.
See all 1,000+ companies in the index →