Krones AG (DE:KRN)
XETRA:KRN
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Krones AG
(XETRA:KRN)
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Rating:70Outperform
Price Target:
€142.00
▲(7.41% Upside)
Action:ReiteratedDate:03/23/26
The score is driven primarily by solid financial performance (growth, improved profitability, low leverage, and positive free cash flow), partially tempered by data-quality gaps in the latest period and past cash-flow volatility. Technicals are a significant drag due to a clear downtrend and negative momentum, while valuation is supportive with a moderate P/E and reasonable yield.
Positive Factors
Recurring services & consumables revenue
Krones' business mixes capital equipment with lifecycle services, consumables and software subscriptions, creating recurring, higher-margin revenue tied to an installed base. This durable stream smooths cyclicality from project sales and supports long‑term cash generation and customer stickiness.
Negative Factors
Cash‑flow volatility (2023 FCF dip)
A negative free cash flow year in 2023 despite positive earnings highlights working‑capital and investment swings typical for capital‑equipment firms. While FCF recovered in 2024–25, such volatility can strain liquidity, constrain discretionary spending, and amplify downside in weaker demand periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring services & consumables revenue
Krones' business mixes capital equipment with lifecycle services, consumables and software subscriptions, creating recurring, higher-margin revenue tied to an installed base. This durable stream smooths cyclicality from project sales and supports long‑term cash generation and customer stickiness.
Read all positive factors
Krones AG (KRN) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€3.90B
Dividend Yield1.95%
Average Volume (3M)29.29K
Price to Earnings (P/E)14.4
Beta (1Y)1.29
Revenue Growth6.99%
EPS Growth7.90%
CountryDE
Employees20,583
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)2.69
Shares Outstanding31,593,073
10 Day Avg. Volume23,974
30 Day Avg. Volume29,287
Financial Highlights & Ratios
PEG Ratio1.85
Price to Book (P/B)2.02
Price to Sales (P/S)0.76
P/FCF Ratio13.07
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€166.60Price Target Upside26.02% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)10.46
Revenue Forecast (FY)€5.86B
Krones AG Business Overview & Revenue Model
Company Description
Krones AG, together with its subsidiaries, plans, develops, and manufactures machines and lines for the production, filling, and packaging technology in Germany and internationally. It operates in two segments, Machines and Lines for Product Filli...
How the Company Makes Money
Krones primarily makes money by selling capital equipment and integrated line solutions to beverage and liquid-food producers. A major revenue stream comes from engineering and delivering turnkey or modular systems (e.g., filling/closing, labeling...
Krones AG Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
88
Very Positive
Cash Flow
79
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.66B | 5.29B | 4.72B | 4.25B | 3.69B |
| Gross Profit | 1.13B | 2.72B | 845.77M | 2.14B | 1.86B |
| EBITDA | 530.64M | 564.79M | 469.53M | 384.54M | 320.41M |
| Net Income | 299.20M | 276.92M | 224.51M | 187.03M | 141.37M |
Balance Sheet | |||||
| Total Assets | 5.04B | 4.75B | 4.48B | 4.17B | 3.49B |
| Cash, Cash Equivalents and Short-Term Investments | 549.49M | 442.48M | 448.36M | 674.50M | 383.37M |
| Total Debt | 148.84M | 136.62M | 139.74M | 110.93M | 102.52M |
| Total Liabilities | 2.91B | 2.83B | 2.76B | 2.57B | 2.10B |
| Stockholders Equity | 2.13B | 1.92B | 1.72B | 1.60B | 1.39B |
Cash Flow | |||||
| Free Cash Flow | 328.90M | 271.03M | -25.04M | 360.54M | 200.84M |
| Operating Cash Flow | 459.14M | 452.17M | 137.62M | 478.70M | 305.73M |
| Investing Cash Flow | -211.41M | -338.99M | -238.91M | -107.75M | -102.48M |
| Financing Cash Flow | -128.11M | -115.00M | -94.10M | -79.79M | -60.89M |
Krones AG Technical Analysis
Positive
132.20
Price Trends
126.39
Positive
131.06
Positive
130.29
Positive
Market Momentum
0.71
Negative
66.42
Neutral
95.37
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:KRN, the sentiment is Positive. The current price of 132.2 is above the 20-day moving average (MA) of 119.51, above the 50-day MA of 126.39, and above the 200-day MA of 130.29, indicating a bullish trend. The MACD of 0.71 indicates Negative momentum. The RSI at 66.42 is Neutral, neither overbought nor oversold. The STOCH value of 95.37 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:KRN.
Krones AG Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | €9.43B | 22.78 | 17.54% | 2.01% | 1.35% | 10.41% | |
70 Outperform | €3.90B | 14.37 | 14.74% | 1.95% | 6.99% | 7.90% | |
66 Neutral | €1.69B | 11.99 | 0.33% | 2.76% | 2.34% | 19.31% | |
56 Neutral | €1.46B | 7.78 | -3.19% | 3.12% | -2.86% | 101.14% | |
56 Neutral | €2.62B | 34.87 | 10.18% | 2.29% | 2.04% | -64.15% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | €154.01M | -13.10 | -4.16% | ― | 2.20% | 80.74% |
* General Sector Average
DE:KRN
Krones AG
123.40
-5.99
-4.63%
DE:DUE
Durr AG
21.10
0.21
0.99%
DE:G1A
GEA Group AG
58.35
2.36
4.21%
DE:JUN3
Jungheinrich
25.64
-6.05
-19.10%
DE:SKB
Koenig & Bauer
9.32
-6.56
-41.31%
DE:KSB
KSB AG
980.00
161.04
19.66%
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.