Koenig & Bauer (SKB) AI Stock Analysis

• Market Cap: €225.07M
• Dividend Yield: N/A
• Average Volume (3M): 26.07K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.76
• Revenue Growth: 2.41%
• EPS Growth: -42.66%
• Country: DE
• Employees: 5,612
• Sector: Industrials
• Sector Strength: 74
• Industry: Industrial - Machinery
• EPS (TTM): -0.47
• Shares Outstanding: 16,524,782
• 10 Day Avg. Volume: 23,361
• 30 Day Avg. Volume: 26,068
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €14.00
• Price Target Upside: 3.24% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 46 Neutral
• Price Target: €14.00 ▲(3.24% Upside)

Koenig & Bauer's overall stock score is primarily impacted by its financial performance challenges, particularly in profitability and revenue growth. The technical analysis indicates a bearish trend with weak momentum. Valuation metrics are unfavorable due to a negative P/E ratio and lack of dividend yield, further weighing down the score.

Positive Factors

Digital Printing

The company is poised to benefit from the move to digital printing where it is the leader.

Order Intake

Order intake increased almost 25% year-over-year and reached €346.6m in Q3, representing a book-to-bill ratio of 1.2x.

Negative Factors

Profitability Forecasts

Profitability forecasts are lowered for 2024 due to higher costs relating to the Drupa trade fair and higher personnel costs.

Profitability Issues

There is ongoing profitability issue with the D&W segment, and it is seen as a 'show me the money first' kind of story.

Q3 Results

Q3 results came in slightly below expectations, with a more material miss on the profitability side due to the low base.

Koenig & Bauer Business Overview & Revenue Model

Company Description

Koenig & Bauer AG develops and manufactures printing and postprint systems worldwide. It operates through three segments: Sheetfed, Digital & Webfed, and Special. The Sheetfed segment offers offset presses for packaging and commercial printing, as well as workflow and logistics solutions; and peripheral equipment for finishing and processing printed products, such as rotary/flatbed die cutters and folding-box gluing lines. The Digital & Web segment provides digital and offset web-fed presses for decor, flexible packaging, and newspaper and commercial printing applications. This segment also offers flexo presses for flexible packaging, as well as presses for flexo and digital printing of corrugated boards. The Special segment offers special presses for banknote and security printing applications; and systems for industrial marking and coding, as well as special systems for direct metal decorating and glass and hollow container printing. The company also provides inspection, maintenance, and calibration services; retrofits/upgrades and service contracts; and spare parts, consumables, and accessories for the presses. Koenig & Bauer AG was founded in 1817 and is headquartered in Würzburg, Germany.

How the Company Makes Money

Koenig & Bauer generates revenue primarily through the sale of its printing presses and related equipment, which constitutes a significant portion of its income. The company also earns money through after-sales services, including maintenance, spare parts, and upgrades, ensuring a steady stream of revenue over the lifespan of its machines. Additionally, Koenig & Bauer benefits from strategic partnerships with various industry players and suppliers, enhancing its market reach and product offerings. The company is further supported by innovations in digital printing technology, which attract new customers and open up additional revenue opportunities in the evolving printing landscape.

Koenig & Bauer Financial Statement Overview

Summary

Koenig & Bauer faces challenges in profitability and revenue growth, as indicated by negative income statement margins. The balance sheet is moderately leveraged but shows room for improvement in equity strength. The cash flow position has improved significantly, indicating better cash management, which could support future operations and debt obligations. The company needs to address profitability issues to enhance its financial standing.

Income Statement

The income statement reveals a decline in performance with a negative net income and a decrease in revenue from the previous year. Gross profit margin stands at 23.14%, indicating some operational efficiency. However, the net profit margin is negative due to significant losses in net income. The company faces challenges in maintaining profitability, as evidenced by negative EBIT and EBITDA margins for the most recent year.

Balance Sheet

The balance sheet shows a moderate financial structure with a debt-to-equity ratio of 0.90, indicating a manageable level of debt. However, the equity ratio is relatively low at 23.22%, which could imply less financial stability. Return on equity is negative due to net losses, pointing to challenges in generating returns for shareholders.

Cash Flow

The cash flow statement presents a positive outlook with a significant improvement in free cash flow and operating cash flow. The operating cash flow to net income ratio is favorable at -1.05, suggesting efficient cash generation relative to net losses. Despite previous negative free cash flow, there is a turnaround with a positive free cash flow of €30.3 million in the most recent year.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.27B	1.27B	1.33B	1.19B	1.12B	1.03B
Gross Profit	290.10M	295.00M	347.50M	317.40M	298.10M	200.90M
EBITDA	5.80M	16.50M	77.90M	61.40M	66.40M	-32.40M
Net Income	-76.60M	-70.10M	2.60M	10.40M	13.70M	-103.10M
Balance Sheet
Total Assets	1.39B	1.42B	1.43B	1.45B	1.29B	1.32B
Cash, Cash Equivalents and Short-Term Investments	96.70M	133.70M	96.40M	132.20M	129.50M	137.80M
Total Debt	251.50M	296.00M	277.90M	195.90M	126.60M	184.90M
Total Liabilities	1.08B	1.09B	1.02B	1.03B	919.30M	978.90M
Stockholders Equity	313.40M	330.40M	408.50M	421.10M	368.10M	340.80M
Cash Flow
Free Cash Flow	43.30M	30.30M	-84.00M	-38.60M	62.60M	-27.10M
Operating Cash Flow	47.10M	73.40M	-31.80M	5.40M	95.00M	12.20M
Investing Cash Flow	-40.70M	-41.80M	-61.60M	-65.10M	-38.70M	-36.30M
Financing Cash Flow	-33.10M	1.30M	61.20M	59.40M	-68.40M	-25.00M

Koenig & Bauer Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 13.56
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:SKB, the sentiment is Negative. The current price of 13.56 is below the 20-day moving average (MA) of 14.99, below the 50-day MA of 14.44, and below the 200-day MA of 14.68, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 37.66 is Neutral, neither overbought nor oversold. The STOCH value of 1.68 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:SKB.

Koenig & Bauer Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	64 Neutral	$10.73B	15.74	7.64%	2.01%	2.76%	-15.10%
SKB	46 Neutral	€225.07M	―	-15.05%	―	2.41%	-42.66%
0RO8	―	€162.10M	8.26	9.98%	―	―	―
0J9C	―	€1.41B	14.47	-6.59%	―	―	―
0OC2	―	€577.02M	15.95	7.19%	―	―	―
0LQ4	―	€4.00B	14.23	15.37%	―	―	―
HG1	―	€423.58M	129.86	2.50%	3.79%	―	―

Koenig & Bauer Corporate Events

Koenig & Bauer Reports Strong Q2 and Reviews Strategic Alignment

Koenig & Bauer reported strong preliminary figures for the second quarter of 2025, with a 7.0% increase in revenue to €298.2 million and a significant rise in EBIT. The company is reviewing the future alignment of its subsidiary, Koenig & Bauer Coding GmbH, to focus more on its core business areas. This strategic review is part of the ‘Spotlight’ focus program aimed at enhancing profitability and operational efficiency. The review could lead to a joint venture, partnership, or sale of the coding business, which currently contributes around 4% of the Group’s revenue.

The most recent analyst rating on (DE:SKB) stock is a Buy with a EUR18.00 price target. To see the full list of analyst forecasts on Koenig & Bauer stock, see the DE:SKB Stock Forecast page.

Koenig & Bauer AG Announces Change in Voting Rights Structure

Koenig & Bauer AG has announced a change in its voting rights structure, with Hauck & Aufhäuser Fund Services S.A. crossing a threshold on July 11, 2025. The new total of voting rights stands at 9.87%, down from a previous 10.09%, indicating a slight decrease in shareholder influence. This adjustment could impact the company’s governance and decision-making processes, potentially affecting its strategic direction and stakeholder interests.

The most recent analyst rating on (DE:SKB) stock is a Buy with a EUR18.00 price target. To see the full list of analyst forecasts on Koenig & Bauer stock, see the DE:SKB Stock Forecast page.

HAFS Acquires Significant Stake in Koenig & Bauer AG

Koenig & Bauer AG announced that Hauck & Aufhäuser Fund Services S.A. (HAFS) has acquired a significant stake in the company, surpassing the 10% voting rights threshold. HAFS, which manages investment funds, acquired 1,667,285 shares, equating to 10.09% of voting rights, with the intention of enhancing fund performance. The acquisition was financed exclusively through borrowed funds. HAFS does not plan to influence the company’s board composition or policies, nor does it intend to acquire additional voting rights in the immediate future, although it remains open to the possibility depending on market conditions.

The most recent analyst rating on (DE:SKB) stock is a Buy with a EUR18.00 price target. To see the full list of analyst forecasts on Koenig & Bauer stock, see the DE:SKB Stock Forecast page.

Koenig & Bauer AG Updates Voting Rights Announcement

Koenig & Bauer AG announced a correction to a previous release regarding voting rights, indicating a change in the percentage of voting rights attached to shares. The updated notification reveals that the total voting rights have increased from 9.96% to 10.09%, with Hauck & Aufhäuser Fund Services S.A. being the entity subject to the notification obligation. This adjustment in voting rights could impact the company’s shareholder dynamics and influence its strategic decisions.

The most recent analyst rating on (DE:SKB) stock is a Buy with a EUR18.00 price target. To see the full list of analyst forecasts on Koenig & Bauer stock, see the DE:SKB Stock Forecast page.

Koenig & Bauer AG Announces Change in Voting Rights

Koenig & Bauer AG has announced a change in voting rights, with the total percentage of voting rights attached to shares increasing to 10.09% as of June 20, 2025. This change reflects an acquisition or disposal of shares with voting rights, impacting the company’s shareholder structure and potentially influencing its strategic decisions.

The most recent analyst rating on (DE:SKB) stock is a Buy with a EUR18.00 price target. To see the full list of analyst forecasts on Koenig & Bauer stock, see the DE:SKB Stock Forecast page.

Koenig & Bauer AG Pre-announces Half-Year Financial Report for 2025

Koenig & Bauer AG has announced the pre-release of its half-year financial report for 2025, covering the period from January 1 to June 30, 2025. The report will be published on August 6, 2025, and is expected to provide insights into the company’s financial performance during the first half of the year, potentially impacting stakeholders and market perceptions.

The most recent analyst rating on (DE:SKB) stock is a Buy with a EUR20.00 price target. To see the full list of analyst forecasts on Koenig & Bauer stock, see the DE:SKB Stock Forecast page.

Koenig & Bauer AG Announces Change in Voting Rights

Koenig & Bauer AG has announced a change in voting rights, with Universal Investment GmbH reducing its voting rights from 4.88% to 2.98%. This adjustment reflects a decrease in the total number of voting rights held by Universal Investment GmbH, potentially impacting the company’s shareholder structure and influencing future decision-making processes.

The most recent analyst rating on (DE:SKB) stock is a Buy with a EUR20.00 price target. To see the full list of analyst forecasts on Koenig & Bauer stock, see the DE:SKB Stock Forecast page.

Koenig & Bauer AG Announces Change in Voting Rights

Koenig & Bauer AG announced a change in voting rights, with LOYS SICAV, a legal entity based in Luxembourg, crossing the 5% threshold of voting rights on May 8, 2025. This change, from a previous 4.97% to a new 5.09%, reflects an acquisition or disposal of shares with voting rights, impacting the company’s shareholder structure and potentially its governance dynamics.

The most recent analyst rating on (DE:SKB) stock is a Buy with a EUR20.00 price target. To see the full list of analyst forecasts on Koenig & Bauer stock, see the DE:SKB Stock Forecast page.