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KION GROUP AG
(XETRA:KGX)
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Rating:52Neutral
Price Target:
€39.00
▼(-3.82% Downside)
Action:Reiterated
Date:08/01/26
The score is driven mainly by fundamentals: improving profitability is overshadowed by a sharp recent decline in operating/free cash flow and meaningful leverage. Technicals further pressure the rating, with the stock trading below all major moving averages. Valuation is a partial offset, with a moderate P/E and modest dividend yield.
Positive Factors
Recurring services & installed base
KION’s large installed base and service offerings create a recurring revenue stream from maintenance, spare parts, and fleet management. This durable after-sales demand smooths cyclicality in equipment sales, supports margins over time and fosters customer lock‑in across global logistics operators.
Negative Factors
Weak cash conversion
A sharp drop in operating cash and free cash flow undermines financial flexibility: earnings are not translating into cash. This reduces the company’s ability to fund working capital, capex for automation projects, dividends or debt repayment without tapping markets or slowing investment, raising medium‑term risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring services & installed base
KION’s large installed base and service offerings create a recurring revenue stream from maintenance, spare parts, and fleet management. This durable after-sales demand smooths cyclicality in equipment sales, supports margins over time and fosters customer lock‑in across global logistics operators.
Read all positive factors
KION GROUP AG (KGX) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€5.10B
Dividend Yield1.59%
Average Volume (3M)203.60K
Price to Earnings (P/E)13.2
Beta (1Y)1.89
Revenue Growth1.99%
EPS Growth67.69%
CountryDE
Employees42,403
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)2.95
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
€59.70Price Target Upside47.23% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
EPS Forecast (FY)3.51
Revenue Forecast (FY)€11.72B
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
67
Positive
Balance Sheet
56
Neutral
Cash Flow
43
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.49B | 11.30B | 11.50B | 11.43B | 11.14B | 10.29B |
| Gross Profit | 2.93B | 2.95B | 3.09B | 2.78B | 2.12B | 2.52B |
| EBITDA | 1.84B | 1.90B | 2.02B | 1.82B | 1.30B | 1.80B |
| Net Income | 385.50M | 230.10M | 360.30M | 305.80M | 98.00M | 568.30M |
Balance Sheet | ||||||
| Total Assets | 18.98B | 19.73B | 18.81B | 17.39B | 16.53B | 15.85B |
| Cash, Cash Equivalents and Short-Term Investments | 391.00M | 524.60M | 787.00M | 354.50M | 355.90M | 517.60M |
| Total Debt | 6.95B | 7.46B | 7.66B | 6.58B | 5.98B | 5.12B |
| Total Liabilities | 12.60B | 13.61B | 12.60B | 11.62B | 10.92B | 10.68B |
| Stockholders Equity | 6.35B | 6.10B | 6.19B | 5.77B | 5.61B | 5.18B |
Cash Flow | ||||||
| Free Cash Flow | 94.50M | 701.50M | 1.17B | 651.10M | -728.60M | 547.90M |
| Operating Cash Flow | 470.50M | 1.10B | 1.17B | 1.14B | -345.90M | 881.70M |
| Investing Cash Flow | -442.70M | -435.30M | -468.60M | -428.80M | -369.70M | -337.80M |
| Financing Cash Flow | -264.40M | -964.20M | -224.70M | -721.70M | 562.80M | -386.10M |
KION GROUP AG Technical Analysis
Neutral
40.55
Price Trends
40.57
Positive
42.47
Negative
51.75
Negative
Market Momentum
-0.09
Negative
49.58
Neutral
61.25
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:KGX, the sentiment is Neutral. The current price of 40.55 is below the 20-day moving average (MA) of 40.75, below the 50-day MA of 40.57, and below the 200-day MA of 51.75, indicating a neutral trend. The MACD of -0.09 indicates Negative momentum. The RSI at 49.58 is Neutral, neither overbought nor oversold. The STOCH value of 61.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
71 Outperform | €3.52B | 12.04 | 13.67% | 2.48% | 3.44% | 1.73% | |
71 Outperform | €1.49B | 14.66 | 6.71% | 3.18% | 8.50% | 97.84% | |
63 Neutral | €3.08B | 16.99 | 13.75% | 3.43% | 4.88% | -1.67% | |
61 Neutral | €2.48B | -608.50 | -0.17% | 1.17% | 2.04% | -64.15% | |
58 Neutral | €1.23B | 6.22 | -3.44% | 4.40% | -2.35% | 89.53% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | €5.10B | 13.20 | 6.24% | 1.53% | 1.99% | 67.69% |
* General Sector Average
DE:KGX
KION GROUP AG
40.75
-15.89
-28.05%
DE:GBF
Bilfinger
80.65
-11.84
-12.80%
DE:DUE
Durr AG
18.12
-3.16
-14.85%
DE:JUN3
Jungheinrich
25.58
-7.11
-21.75%
DE:KRN
Krones AG
116.40
-9.02
-7.19%
DE:WAC
Wacker Neuson
22.25
-0.24
-1.05%
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.