Krones AG (DE:KRN)
XETRA:KRN
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Krones AG
(XETRA:KRN)
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Rating:67Neutral
Price Target:
€127.00
▼(-3.93% Downside)
Action:Downgraded
Date:05/16/26
Overall score reflects strong financial structure but near-term fundamental momentum concerns (TTM revenue, margins, and free cash flow weakening). Technicals are notably bearish, partially offset by a reasonable valuation (moderate P/E and dividend yield).
Positive Factors
Balance-sheet strength
The company's very low leverage and rising equity provide lasting financial flexibility. Debt-to-equity near 0.07–0.08 and equity growth to ~€2.20B supports funding for R&D, capex, and cyclical downturns without reliance on external debt, enhancing resilience.
Negative Factors
Sharp TTM revenue decline
A TTM revenue drop of ~54.6% signals a material booking and demand slowdown. This reduces visibility into future orders, risks underutilized manufacturing capacity, and pressures margins and cash generation if book-to-bill recovery is slow over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet strength
The company's very low leverage and rising equity provide lasting financial flexibility. Debt-to-equity near 0.07–0.08 and equity growth to ~€2.20B supports funding for R&D, capex, and cyclical downturns without reliance on external debt, enhancing resilience.
Read all positive factors
Krones AG (KRN) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€3.69B
Dividend Yield1.95%
Average Volume (3M)29.29K
Price to Earnings (P/E)13.3
Beta (1Y)1.28
Revenue Growth3.23%
EPS Growth1.66%
CountryDE
Employees20,583
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)9.23
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
€172.50Price Target Upside30.48% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)10.38
Revenue Forecast (FY)€5.84B
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
70
Positive
Balance Sheet
86
Very Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.63B | 5.66B | 5.29B | 4.72B | 4.25B | 3.69B |
| Gross Profit | 665.56M | 1.13B | 2.72B | 845.77M | 2.14B | 1.86B |
| EBITDA | 530.24M | 530.64M | 564.79M | 469.53M | 384.54M | 320.41M |
| Net Income | 291.70M | 299.20M | 276.92M | 224.51M | 187.03M | 141.37M |
Balance Sheet | ||||||
| Total Assets | 5.08B | 5.04B | 4.75B | 4.48B | 4.17B | 3.49B |
| Cash, Cash Equivalents and Short-Term Investments | 524.10M | 549.49M | 442.48M | 448.36M | 674.50M | 383.37M |
| Total Debt | 178.40M | 148.84M | 136.62M | 139.74M | 110.93M | 102.52M |
| Total Liabilities | 2.88B | 2.91B | 2.83B | 2.76B | 2.57B | 2.10B |
| Stockholders Equity | 2.20B | 2.13B | 1.92B | 1.72B | 1.60B | 1.39B |
Cash Flow | ||||||
| Free Cash Flow | 116.80M | 328.90M | 271.03M | -25.04M | 360.54M | 200.84M |
| Operating Cash Flow | 289.34M | 459.14M | 452.17M | 137.62M | 478.70M | 305.73M |
| Investing Cash Flow | -229.61M | -211.41M | -338.99M | -238.91M | -107.75M | -102.48M |
| Financing Cash Flow | -129.61M | -128.11M | -115.00M | -94.10M | -79.79M | -60.89M |
Krones AG Technical Analysis
Negative
132.20
Price Trends
121.50
Negative
128.90
Negative
128.69
Negative
Market Momentum
-1.87
Positive
39.95
Neutral
20.46
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:KRN, the sentiment is Negative. The current price of 132.2 is above the 20-day moving average (MA) of 121.96, above the 50-day MA of 121.50, and above the 200-day MA of 128.69, indicating a bearish trend. The MACD of -1.87 indicates Positive momentum. The RSI at 39.95 is Neutral, neither overbought nor oversold. The STOCH value of 20.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
67 Neutral | €3.69B | 13.27 | 14.01% | 1.95% | 3.23% | 1.66% | |
66 Neutral | €8.81B | 25.08 | 17.42% | 2.01% | 1.30% | 10.05% | |
66 Neutral | €1.46B | 5.08 | 0.33% | 2.76% | 2.34% | 19.31% | |
57 Neutral | €1.46B | 16.04 | -3.44% | 3.12% | -2.35% | 89.53% | |
56 Neutral | €2.49B | -25.51 | 10.18% | 2.29% | 2.04% | -64.15% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | €146.57M | -1.21 | -4.16% | ― | 2.91% | 76.47% |
* General Sector Average
DE:KRN
Krones AG
117.80
-21.60
-15.49%
DE:DUE
Durr AG
21.55
-0.25
-1.15%
DE:G1A
GEA Group AG
54.25
-2.82
-4.94%
DE:JUN3
Jungheinrich
24.66
-10.19
-29.23%
DE:SKB
Koenig & Bauer
9.19
-3.31
-26.48%
DE:KSB
KSB AG
882.00
71.21
8.78%
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.