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⚠️ Not investment advice. Past performance does not guarantee future results.
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Krones KRN.DE

Germany Industrials
6.4/10
AI Analyst score
108.20 EUR
Last price at analysis date · analyst target 147.90 (+36.7%)
🛒 Where to buy KRN.DEPartner brokers · Germany (Xetra) · sample 200.00 € orderGermany (Xetra)
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🟡 HOLD — Hold: reasonable valuation and solid balance sheet, but no short-term growth catalysts; wait for signs of acceleration in orders or momentum improvement.

Krones AG is a German manufacturer of machinery and packaging lines for the beverage and food industry, with a business model based on the sale of equipment and maintenance services. Krones trades at an attractive valuation (P/E 11.71, EV/EBITDA 5.59) with a clean balance sheet and net cash (Net Debt/EBITDA -0.67), but growth is weak (revenue +1.10%) and negative momentum (7th percentile in 52-week range) reflects the lack of clear catalysts.

Financial health
7.4
Quality / Moat
5.7
Valuation
8.1
Growth
4.5
Dividend
6.6
Momentum
3.1
Risk & Context
6.8

Detailed metrics

Market and fundamental data as of the analysis date.

💵 Valuation
P/E11.71
Fwd P/E9.79
EV/EBITDA5.59
P/B1.56
P/S0.60
PEG0.66
Market cap3.42 B EUR
Enterprise value2.99 B EUR
🏰 Quality and moat
ROIC (approx.)12.0%
Gross margin52.81%
FCF conversion29%
Operating margin4.70%
📈 Profitability and margins
ROE14.05%
ROA5.28%
Net margin5.12%
FCF156.5 M EUR
FCF yield4.58%
🏦 Solvency and liquidity
Total debt47.4 M EUR
Net debt-358.0 M EUR
Cash405.4 M EUR
EBITDA535.2 M EUR
Net debt / EBITDA-0.67
D/E2.16
Current ratio1.42
Quick ratio1.01
🚀 Growth
Revenue growth1.10%
Earnings growth0.90%
EPS (TTM)9.24 EUR
EPS (Fwd)11.05 EUR
💰 Dividend and risk
Dividend yield2.59%
Payout30.3%
Beta0.93
Analyst consensusBuy (10)
Target price147.90 EUR
52-week range105.60 EUR – 144.20 EUR
⚠️ Main risk: Stagnant growth: with revenue growing only 1.10% and earnings 0.90%, the company depends on a recovery in beverage and food packaging equipment demand, which may remain weak if investment does not pick up.
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Full AI report

Generated automatically from the metrics, the macro context and the company's news.

Krones AG is a German manufacturer of machinery and packaging lines for the beverage and food industry, with a business model based on the sale of equipment and maintenance services. Krones trades at an attractive valuation (P/E 11.71, EV/EBITDA 5.59) with a clean balance sheet and net cash (Net Debt/EBITDA -0.67), but growth is weak (revenue +1.10%) and negative momentum (7th percentile in 52-week range) reflects the lack of clear catalysts.

Score by category

CategoryScore
Financial health7.4
Quality / Moat5.7
Valuation8.1
Growth4.5
Dividend6.6
Momentum3.1
Risk & Context6.8

OVERALL SCORE: 6.4/10

Context and risks

No material exposure to relevant macro factors: it is not an energy producer, has net cash (0.67x EBITDA), and its packaging machinery business does not depend significantly on shipping routes or tariffs. The rise in European rates has limited effect given its net cash balance.

News considered in the analysis

  • Krones Targets €7 Billion Revenue by 2028 as Beverage Demand Fuels Growth — Guía de crecimiento a medio plazo que apunta a una expansión de ingresos de ~4% anual compuesto desde los niveles actuales; plausible pero no transformadora.
  • Krones Q2 Earnings Call Highlights — Resumen de resultados ya publicados y ampliamente cubiertos; sin información nueva material.
  • Is It Too Late To Consider Buying Krones AG (ETR:KRN)? — Artículo de análisis genérico sin información nueva.
  • Krones Q4 Earnings Call Highlights — Resumen de resultados ya publicados; sin información nueva material.
  • Are Robust Financials Driving The Recent Rally In Krones AG's (ETR:KRN) Stock? — Artículo de análisis genérico sin información nueva.

Verdict: Hold: reasonable valuation and solid balance sheet, but no short-term growth catalysts; wait for signs of acceleration in orders or momentum improvement.

Main risk: Stagnant growth: with revenue growing only 1.10% and earnings 0.90%, the company depends on a recovery in beverage and food packaging equipment demand, which may remain weak if investment does not pick up.

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Automatically generated analysis from fundamental, market and news data. Not personalised financial advice — a research tool, not an individual recommendation. Past performance does not guarantee future results. Last update of this analysis: 2026-09-28. Legal notice, privacy & cookies.