KION GROUP AG (DE:KGX)
XETRA:KGX
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KION GROUP AG
(XETRA:KGX)
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Rating:52Neutral
Price Target:
€45.00
▲(0.72% Upside)
Action:ReiteratedDate:03/05/26
The score is held back mainly by volatile profitability and elevated leverage, which increase sensitivity if margins stay compressed. Technicals are also weak with the stock trading below major moving averages and negative MACD, despite oversold signals. Valuation further constrains the rating due to a high P/E and only a modest dividend yield.
Positive Factors
Diversified business model & recurring aftersales
KION earns from equipment sales, large automation projects and ongoing aftermarket services and financing. This mix creates recurring revenue, higher customer lifetime value and cross-sell opportunities, reducing reliance on one-time sales and supporting steadier cash flows over time.
Negative Factors
Elevated leverage
Leverage consistently above equity constrains financial flexibility and raises refinancing and interest-rate sensitivity. If margins remain compressed, servicing debt becomes more burdensome, limiting the firm's ability to fund capex, automation rollouts or pursue M&A without raising further capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified business model & recurring aftersales
KION earns from equipment sales, large automation projects and ongoing aftermarket services and financing. This mix creates recurring revenue, higher customer lifetime value and cross-sell opportunities, reducing reliance on one-time sales and supporting steadier cash flows over time.
Read all positive factors
KION GROUP AG (KGX) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€5.86B
Dividend Yield1.23%
Average Volume (3M)203.60K
Price to Earnings (P/E)38.9
Beta (1Y)1.77
Revenue Growth-2.20%
EPS Growth-18.16%
CountryDE
Employees42,518
SectorIndustrials
Sector Strength72
IndustryAgricultural - Machinery
Share Statistics
EPS (TTM)0.53
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
€68.75Price Target Upside53.87% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
EPS Forecast (FY)3.88
Revenue Forecast (FY)€11.89B
KION GROUP AG Business Overview & Revenue Model
Company Description
Kion Group AG provides industrial trucks, warehouse technology, supply chain solutions, and related services worldwide. The company operates through Industrial Trucks & Services, and Supply Chain Solutions segments. It develops, manufactures, and ...
How the Company Makes Money
KION primarily makes money through (1) the sale of industrial trucks and warehouse equipment and (2) the design, delivery, and integration of supply chain automation projects, complemented by recurring aftersales and financing-related income. In t...
KION GROUP AG Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
56
Neutral
Cash Flow
61
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 11.30B | 11.50B | 11.43B | 11.14B | 10.29B |
| Gross Profit | 2.95B | 3.09B | 2.78B | 2.12B | 2.52B |
| EBITDA | 1.66B | 2.02B | 1.82B | 1.30B | 1.80B |
| Net Income | 230.10M | 360.30M | 305.80M | 98.00M | 568.30M |
Balance Sheet | |||||
| Total Assets | 19.73B | 18.81B | 17.39B | 16.53B | 15.85B |
| Cash, Cash Equivalents and Short-Term Investments | 474.90M | 787.00M | 354.50M | 355.90M | 517.60M |
| Total Debt | 7.46B | 7.66B | 6.58B | 5.98B | 5.12B |
| Total Liabilities | 13.61B | 12.60B | 11.62B | 10.92B | 10.68B |
| Stockholders Equity | 6.10B | 6.19B | 5.77B | 5.61B | 5.18B |
Cash Flow | |||||
| Free Cash Flow | 701.50M | 1.17B | 651.10M | -728.60M | 547.90M |
| Operating Cash Flow | 1.10B | 1.17B | 1.14B | -345.90M | 881.70M |
| Investing Cash Flow | -435.30M | -468.60M | -428.80M | -369.70M | -337.80M |
| Financing Cash Flow | -964.20M | -224.70M | -721.70M | 562.80M | -386.10M |
KION GROUP AG Technical Analysis
Negative
44.68
Price Trends
56.86
Negative
60.77
Negative
57.75
Negative
Market Momentum
-3.88
Negative
32.94
Neutral
52.19
Neutral
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 44.68 is below the 20-day moving average (MA) of 48.06, below the 50-day MA of 56.86, and below the 200-day MA of 57.75, indicating a bearish trend. The MACD of -3.88 indicates Negative momentum. The RSI at 32.94 is Neutral, neither overbought nor oversold. The STOCH value of 52.19 is Neutral, 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 (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | €31.26B | 14.57 | 10.04% | 5.13% | -10.34% | -31.23% | |
58 Neutral | €2.72B | 14.54 | 14.75% | 2.29% | -1.50% | 2.01% | |
52 Neutral | €5.86B | 38.89 | 3.82% | 1.23% | -2.20% | -18.16% | |
52 Neutral | €15.20B | 9.86 | 8.55% | 5.67% | -7.11% | -30.83% | |
47 Neutral | €4.70B | -4.09 | 1.72% | 1.23% | -6.29% | ― | |
45 Neutral | €6.67B | -18.63 | -34.39% | 3.15% | 45.16% | -790.24% |
* Industrials Sector Average
DE:KGX
KION GROUP AG
44.68
7.12
18.97%
DE:JUN3
Jungheinrich
26.70
-4.66
-14.86%
DE:SHA0
Schaeffler
7.06
3.49
97.76%
DE:TKA
thyssenkrupp
7.55
0.54
7.70%
DE:8TRA
TRATON SE
30.40
0.96
3.25%
DE:DTG
Daimler Truck Holding AG
40.83
5.49
15.53%
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.