Jungheinrich (JUN3) AI Stock Analysis

• Market Cap: €3.74B
• Dividend Yield: 2.29%
• Average Volume (3M): 88.56K
• Price to Earnings (P/E): 13.1
• Beta (1Y): 1.33
• Revenue Growth: -1.50%
• EPS Growth: 2.01%
• Country: DE
• Employees: 21,024
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Machinery
• EPS (TTM): -0.63
• Shares Outstanding: 48,000,000
• 10 Day Avg. Volume: 89,172
• 30 Day Avg. Volume: 88,561
• PEG Ratio: -2.65
• Price to Book (P/B): 1.07
• Price to Sales (P/S): 0.49
• P/FCF Ratio: 5.95
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €45.20
• Price Target Upside: 23.16% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 6
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: €41.00 ▲(11.72% Upside)

Jungheinrich's overall stock score is supported by strong financial performance and reasonable valuation. The company's solid revenue growth and profitability metrics are key strengths. Technical analysis indicates a neutral to slightly bearish trend, which slightly tempers the overall score.

Positive Factors

Diversified, recurring revenue mix

Jungheinrich’s business generates revenue from product sales, leasing and long‑term service contracts, creating multiple cash streams. That mix reduces dependence on single large transactions, supports aftermarket margins, and produces recurring revenue that stabilizes cash flow over cycles.

Improving leverage and solid capital base

Reducing debt-to-equity while maintaining an equity ratio above 30% materially strengthens financial flexibility. Improved leverage lowers interest burden, increases borrowing room for capex or R&D, and enhances resilience to downturns, making the capital structure more durable and supportive of growth.

Strong cash generation and margin base

A meaningful positive free cash flow inflection and consistently high gross margins indicate effective conversion of sales into cash. This supports reinvestment in automation, R&D and aftermarket capabilities, funds debt reduction or returns to shareholders, and underpins long‑term competitive investment.

Negative Factors

Free cash flow volatility

Historic swings in free cash flow, despite a strong 2023 result, suggest inconsistent cash conversion across cycles. That volatility can constrain multi‑year investment planning, make funding of strategic automation projects less predictable, and require larger liquidity buffers to manage downturns.

Exposure to cyclical end markets

Serving manufacturing, retail and logistics ties revenue to capital expenditure and inventory cycles. Demand for forklifts and warehouse systems is cyclical and capex‑sensitive; prolonged industrial slowdowns or retrenchment in customer capex could materially compress equipment sales and delay leasing uptake.

Modest net margins and rising liabilities to monitor

While profitability has improved, mid‑single‑digit net margins limit the firm’s cushion against input cost inflation or pricing pressure. Concurrent increases in total liabilities, even with lower leverage ratios, mean the company must sustain margins and cash generation to avoid funding stress and preserve financing optionality.

Jungheinrich Business Overview & Revenue Model

Company Description

Jungheinrich Aktiengesellschaft, through its subsidiaries, manufactures and supplies products and solutions in the fields of warehousing and material handling equipment, automated systems, digital solutions, and matching services worldwide. It operates through Intralogistics and Financial Services segments. The Intralogistics segment develops, produces, sells, and rents new material handling equipment and warehousing equipment products; sale and short-term leasing of used trucks; and provides spare parts, as well as maintenance and repair services. The Financial Services segment engages in the sales financing and usage transfer of material handling and warehousing equipment products. The company's products portfolio includes pedestrian trucks, horizontal and vertical level order pickers, narrow aisle trucks, automated guided vehicles, stacker cranes, load handling equipment, reach trucks, stackers, tow tractors, low lift and double decker trucks, and electric drive trains, as well as pallet trucks; counterbalanced trucks; small-series and customized trucks; powertrain solutions; and electronic control units, lithium-ion batteries, and chargers. It also develops and distributes warehouse and fleet management systems, steering softwares for conveyor systems, and other digital solutions, as well as automation systems; and develops software solutions. The company distributes its products through its direct sales and service network, as well as through dealers. Jungheinrich Aktiengesellschaft was founded in 1953 and is headquartered in Hamburg, Germany.

How the Company Makes Money

Jungheinrich generates revenue primarily through the sale of its material handling equipment, including electric and diesel forklifts, pallet trucks, and order pickers. The company also earns income from its automated warehouse solutions and logistics services, which include consulting and software solutions for warehouse management. Key revenue streams include direct sales to customers, leasing arrangements, and service contracts for maintenance and repairs. Additionally, Jungheinrich benefits from strategic partnerships with suppliers and technology providers that enhance its product offerings and market reach. The company's commitment to R&D allows it to innovate continuously, further driving sales and creating new revenue opportunities.

Jungheinrich Financial Statement Overview

Summary

Jungheinrich exhibits solid financial health with strong profitability, effective cost management, and a stable balance sheet. Revenue growth and improved ROE highlight a robust financial position, though attention to liability management is necessary.

Income Statement

Jungheinrich has demonstrated solid profitability with a consistent gross profit margin above 30% over the years. The net profit margin has improved to around 5.4% in 2023 from 4.0% in 2020, reflecting effective cost management and operational efficiency. Revenue has shown a positive growth trend, increasing from €3.8 billion in 2020 to €5.5 billion in 2023, indicating strong market demand. EBIT and EBITDA margins have remained stable, supporting robust operational performance.

Balance Sheet

The company maintains a healthy balance sheet with a debt-to-equity ratio reducing from 0.52 in 2020 to 0.42 in 2023, indicating improved leverage management. The equity ratio has consistently been above 30%, reflecting a solid capital base. Return on equity (ROE) has improved from 9.8% in 2020 to 13.4% in 2023, showcasing enhanced shareholder returns. However, the increase in total liabilities requires monitoring to ensure continued financial stability.

Cash Flow

Jungheinrich's cash flow performance is strong, with free cash flow showing significant growth from negative values in 2022 to €337 million in 2023. The operating cash flow to net income ratio is robust, demonstrating effective cash generation relative to net earnings. Although free cash flow fluctuated in previous years, the recent positive trajectory is encouraging. Continued focus on cash flow stability and growth will be crucial for future investments.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	5.43B	5.39B	5.55B	4.76B	4.24B	3.81B
Gross Profit	4.84B	1.73B	1.72B	1.47B	1.32B	1.15B
EBITDA	2.11B	908.55M	883.84M	755.57M	732.36M	581.62M
Net Income	355.89M	288.99M	299.27M	269.17M	266.25M	151.28M
Balance Sheet
Total Assets	7.20B	7.13B	6.91B	6.16B	5.77B	5.41B
Cash, Cash Equivalents and Short-Term Investments	636.30M	694.47M	651.62M	496.45M	710.84M	939.35M
Total Debt	678.30M	696.13M	923.74M	609.90M	532.94M	787.35M
Total Liabilities	4.72B	4.69B	4.69B	4.11B	3.97B	3.86B
Stockholders Equity	2.47B	2.44B	2.22B	2.05B	1.80B	1.55B
Cash Flow
Free Cash Flow	331.23M	439.53M	337.75M	-239.46M	161.32M	467.59M
Operating Cash Flow	482.36M	577.96M	472.33M	-136.09M	250.78M	550.81M
Investing Cash Flow	-197.44M	-140.54M	-430.47M	79.17M	-113.81M	-225.85M
Financing Cash Flow	-178.89M	-386.49M	117.11M	36.74M	-321.96M	-56.70M

Jungheinrich Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 36.70
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:JUN3, the sentiment is Positive. The current price of 36.7 is below the 20-day moving average (MA) of 36.79, above the 50-day MA of 35.27, and above the 200-day MA of 33.73, indicating a neutral trend. The MACD of 0.50 indicates Positive momentum. The RSI at 54.09 is Neutral, neither overbought nor oversold. The STOCH value of 57.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:JUN3.

Jungheinrich Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KRN	75 Outperform	€4.49B	15.49	14.99%	1.95%	8.15%	16.17%
JUN3	73 Outperform	€3.74B	13.14	11.92%	2.29%	-1.50%	2.01%
JST	70 Outperform	€931.25M	32.19	8.47%	2.81%	21.74%	-20.68%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
DEZ	62 Neutral	€1.64B	39.93	4.34%	2.03%	9.79%	-31.93%
G1A	61 Neutral	€9.77B	24.36	17.71%	2.01%	2.26%	6.49%
DUE	54 Neutral	€1.59B	-49.67	-7.86%	3.12%	-18.21%	-137.62%