KION GROUP AG (DE:KGX)
XETRA:KGX
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KION GROUP AG
(XETRA:KGX)
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Rating:52Neutral
Price Target:
€38.00
▼(-21.89% Downside)
Action:Reiterated
Date:05/01/26
The score is driven primarily by mixed financial performance (revenue decline, thin net margin, and elevated leverage partly offset by solid operating cash flow) and weak technicals (below major moving averages with negative MACD). Valuation is also a headwind given the high P/E with only a modest dividend yield.
Positive Factors
Healthy operating margins
KION's operating profitability (EBITDA ~14.7%, EBIT ~4.4%) gives durable earnings power even when top-line is soft. Higher operating margins support reinvestment in automation and services, and provide a cushion for fixed costs, making core cash generation more resilient over months.
Negative Factors
Meaningful revenue decline
A ~-14.8% TTM revenue drop signals weaker end-market demand and heightens cyclicality risk. Sustained top-line pressure reduces operating leverage, limits scope for margin expansion and can force trade-offs between pricing, service levels and investment, weakening durable growth prospects.
Read all positive and negative factors
Positive Factors
Negative Factors
Healthy operating margins
KION's operating profitability (EBITDA ~14.7%, EBIT ~4.4%) gives durable earnings power even when top-line is soft. Higher operating margins support reinvestment in automation and services, and provide a cushion for fixed costs, making core cash generation more resilient over months.
Read all positive factors
KION GROUP AG (KGX) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€5.56B
Dividend Yield1.23%
Average Volume (3M)203.60K
Price to Earnings (P/E)15.1
Beta (1Y)1.81
Revenue Growth-1.33%
EPS Growth80.67%
CountryDE
Employees42,518
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)2.81
Shares Outstanding131,198,650
10 Day Avg. Volume205,319
30 Day Avg. Volume203,604
Financial Highlights & Ratios
PEG Ratio-1.08
Price to Book (P/B)1.47
Price to Sales (P/S)0.79
P/FCF Ratio12.75
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€60.00Price Target Upside23.33% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
EPS Forecast (FY)3.59
Revenue Forecast (FY)€11.73B
KION GROUP AG Business Overview & Revenue Model
Company Description
Kion Group AG operates globally, offering a diverse portfolio encompassing industrial trucks, warehouse technology, and comprehensive supply chain solutions, along with related services. Its business is divided into two primary segments: Industria...
How the Company Makes Money
KION GROUP AG primarily makes money through two main revenue streams: (1) selling equipment and solutions used to move, store, and manage goods in warehouses and distribution centers, and (2) generating recurring revenue from services over the lif...
KION GROUP AG Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
56
Neutral
Cash Flow
68
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.28B | 11.30B | 11.50B | 11.43B | 11.14B | 10.29B |
| Gross Profit | 2.95B | 2.95B | 3.09B | 2.78B | 2.12B | 2.52B |
| EBITDA | 1.77B | 1.66B | 2.02B | 1.82B | 1.30B | 1.80B |
| Net Income | 367.80M | 230.10M | 360.30M | 305.80M | 98.00M | 568.30M |
Balance Sheet | ||||||
| Total Assets | 18.99B | 19.73B | 18.81B | 17.39B | 16.53B | 15.85B |
| Cash, Cash Equivalents and Short-Term Investments | 967.20M | 524.60M | 787.00M | 354.50M | 355.90M | 517.60M |
| Total Debt | 7.24B | 7.46B | 7.66B | 6.58B | 5.98B | 5.12B |
| Total Liabilities | 12.72B | 13.61B | 12.60B | 11.62B | 10.92B | 10.68B |
| Stockholders Equity | 6.25B | 6.10B | 6.19B | 5.77B | 5.61B | 5.18B |
Cash Flow | ||||||
| Free Cash Flow | 717.00M | 701.50M | 1.17B | 651.10M | -728.60M | 547.90M |
| Operating Cash Flow | 1.09B | 1.10B | 1.17B | 1.14B | -345.90M | 881.70M |
| Investing Cash Flow | -410.20M | -435.30M | -468.60M | -428.80M | -369.70M | -337.80M |
| Financing Cash Flow | -454.80M | -964.20M | -224.70M | -721.70M | 562.80M | -386.10M |
KION GROUP AG Technical Analysis
Negative
48.65
Price Trends
43.32
Negative
48.49
Negative
54.49
Negative
Market Momentum
-0.98
Negative
52.89
Neutral
98.90
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:KGX, the sentiment is Negative. The current price of 48.65 is above the 20-day moving average (MA) of 41.22, above the 50-day MA of 43.32, and below the 200-day MA of 54.49, indicating a neutral trend. The MACD of -0.98 indicates Negative momentum. The RSI at 52.89 is Neutral, neither overbought nor oversold. The STOCH value of 98.90 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:KGX.
KION GROUP AG Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | €1.34B | 13.09 | 6.71% | 2.46% | 8.50% | 97.84% | |
67 Neutral | €3.72B | 12.77 | 14.01% | 1.95% | 3.23% | 1.66% | |
63 Neutral | €3.22B | 17.69 | 13.75% | 1.93% | 4.88% | -1.67% | |
57 Neutral | €1.36B | -32.76 | -3.44% | 3.12% | -2.35% | 89.53% | |
56 Neutral | €2.48B | 9.94 | 10.18% | 2.29% | 2.04% | -64.15% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | €5.56B | 15.11 | 6.07% | 1.23% | -1.33% | 80.67% |
* General Sector Average
DE:KGX
KION GROUP AG
42.40
2.34
5.83%
DE:GBF
Bilfinger
86.45
14.73
20.54%
DE:DUE
Durr AG
19.66
-1.38
-6.55%
DE:JUN3
Jungheinrich
24.32
-12.21
-33.42%
DE:KRN
Krones AG
117.80
-13.47
-10.26%
DE:WAC
Wacker Neuson
19.46
-2.50
-11.37%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.