Koenig & Bauer (SKB) AI Stock Analysis

• Market Cap: €148.39M
• Dividend Yield: N/A
• Average Volume (3M): 20.15K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.81
• Revenue Growth: 4.81%
• EPS Growth: 75.36%
• Country: DE
• Employees: 5,612
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Machinery
• EPS (TTM): 0.48
• Shares Outstanding: 16,524,782
• 10 Day Avg. Volume: 11,573
• 30 Day Avg. Volume: 20,153
• PEG Ratio: <0.01
• Price to Book (P/B): 0.76
• Price to Sales (P/S): 0.20
• P/FCF Ratio: 8.27
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 1.64
• Revenue Forecast (FY): €1.36B

• Rating: 52 Neutral
• Price Target: €9.50 ▼(-29.53% Downside)
• Action: Reiterated Date: 01/04/26
• Date: Action: Reiterated 01/04/26

The score is primarily driven by improving financial performance versus 2024 but still-negative TTM earnings and uneven cash generation. Technicals add modest support via mildly positive momentum, while valuation is constrained by loss-making results and no dividend data.

Positive Factors

Operational recovery & margin improvement

A return to positive EBIT and improved margins signals a structural recovery in core press operations. Sustained margin expansion suggests better pricing, cost control and product mix, which can underpin durable profitability and fund R&D and service investments over the next 2-6 months.

Positive operating & free cash flow (TTM)

Positive TTM operating and free cash flow, even if modest, provide ongoing internal funding for maintenance, service parts and incremental capex. This cash generation supports working capital needs and preserves strategic flexibility to invest in aftermarket services that drive recurring revenue.

Established market position & product breadth

Century-long brand, broad product portfolio (sheetfed, web-fed, digital, finishing) and focus on high-tech solutions create durable competitive advantages. Deep customer relationships and service offerings support recurring revenue and defend market share in packaging and security printing over the medium term.

Negative Factors

TTM net loss & negative net margin

A persistent TTM net loss and negative net margin weaken retained earnings and limit internally generated capital for expansion or dividends. Continued losses constrain investment in new product development and make financing growth more dependent on external funding or slower self-funding.

Uneven and volatile cash generation

Historic cash-flow volatility complicates planning and increases the likelihood of periodic external financing. Irregular operating and free cash flows raise execution risk for multi-quarter investment programs and limit predictability of funding for aftermarket expansion or capital expenditures.

Elevated leverage and negative ROE

Relative elevation in leverage reduces financial flexibility and increases interest exposure during cyclicality. Combined with negative ROE, the balance sheet is not delivering shareholder returns, which constrains capacity to pursue acquisitions or larger technology investments without raising additional capital.

Koenig & Bauer Business Overview & Revenue Model

Company Description

Koenig & Bauer (SKB) is a leading global manufacturer of printing presses, primarily serving the commercial, packaging, and security printing sectors. Established in 1817, the company specializes in developing high-tech printing solutions and systems that enhance productivity and quality for its customers. With a strong emphasis on innovation, Koenig & Bauer offers a range of products including sheetfed and web-fed offset presses, digital printing systems, and finishing solutions, catering to various printing requirements across different industries.

How the Company Makes Money

Koenig & Bauer generates revenue through the sale of its printing equipment and systems, which constitute its primary revenue stream. The company also earns money through after-sales services, including maintenance, spare parts, and upgrades, which provide a steady income over the lifespan of its machines. Additionally, Koenig & Bauer engages in strategic partnerships and collaborations with other technology providers to enhance its offerings and expand its market reach. The company's focus on research and development allows it to innovate and adapt to market trends, which helps sustain its earnings and competitive edge in the printing industry.

Koenig & Bauer Financial Statement Overview

Summary

Operations are rebounding versus 2024 with improved margins and a return to positive EBIT, supported by moderate leverage. However, TTM net income remains negative and results/cash flows have been volatile across recent years, keeping the score mid-range.

Income Statement

TTM (Trailing-Twelve-Months) revenue is up (+1.77) and profitability has improved sharply versus 2024 (EBIT margin ~1.7% vs. negative last year; net margin ~-1.2% vs. ~-5.5%). Gross margin also recovered to ~25.4% from ~23.1% in 2024. However, earnings are still negative in TTM (net loss), and results have been cyclical over time (profits in 2021–2022, near break-even in 2023, loss in 2024), which keeps the score mid-range.

Balance Sheet

Leverage is moderate for the sector, with debt-to-equity around ~0.82 in TTM (improving from ~0.90 in 2024, but higher than ~0.34–0.47 seen in 2021–2022). Equity remains positive and relatively stable, supporting the capital base. The key weakness is returns: TTM return on equity is negative (driven by net losses), indicating the balance sheet is not currently producing attractive profitability.

Cash Flow

Cash generation is positive but uneven. TTM operating cash flow is positive (~41.6m) and free cash flow is slightly positive (~6.9m), but both are down from 2024 levels (operating cash flow ~73.4m; free cash flow ~30.3m). The company also showed material cash flow volatility historically (notably negative operating and free cash flow in 2023). With net income still negative in TTM and only modest free cash flow, cash flow quality looks mixed.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.32B	1.27B	1.33B	1.19B	1.12B	1.03B
Gross Profit	334.00M	295.00M	347.50M	317.40M	298.10M	200.90M
EBITDA	66.10M	16.50M	77.90M	61.40M	66.40M	-32.40M
Net Income	-15.50M	-70.10M	2.60M	10.40M	13.70M	-103.70M
Balance Sheet
Total Assets	1.44B	1.42B	1.43B	1.45B	1.29B	1.32B
Cash, Cash Equivalents and Short-Term Investments	78.90M	133.70M	96.40M	132.20M	129.50M	137.80M
Total Debt	271.20M	296.00M	277.90M	225.30M	158.00M	221.20M
Total Liabilities	1.11B	1.09B	1.02B	1.03B	919.30M	978.90M
Stockholders Equity	329.70M	330.40M	408.50M	421.10M	368.10M	340.80M
Cash Flow
Free Cash Flow	6.90M	30.30M	-84.00M	-38.60M	62.60M	-27.10M
Operating Cash Flow	41.60M	73.40M	-31.80M	5.40M	95.00M	12.20M
Investing Cash Flow	-36.10M	-41.80M	-61.60M	-65.10M	-38.70M	-36.30M
Financing Cash Flow	-29.20M	1.30M	61.20M	59.40M	-68.40M	-25.00M

Koenig & Bauer Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 13.48
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 13.48 is above the 20-day moving average (MA) of 9.37, above the 50-day MA of 9.93, and above the 200-day MA of 12.31, indicating a bearish trend. The MACD of -0.23 indicates Positive momentum. The RSI at 39.73 is Neutral, neither overbought nor oversold. The STOCH value of 31.41 is Neutral, 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
KRN	75 Outperform	€4.06B	14.07	14.99%	1.95%	8.15%	16.17%
AAG	75 Outperform	€161.22M	11.88	8.44%	1.82%	-26.69%	-1.95%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
HDD	59 Neutral	€421.81M	6.54	8.07%	―	5.97%	―
DUE	54 Neutral	€1.63B	-51.19	-7.86%	3.12%	-18.21%	-137.62%
SKB	52 Neutral	€148.39M	-9.64	-4.67%	―	4.81%	75.36%

Koenig & Bauer Corporate Events

Koenig & Bauer Schedules Publication of 2025 Annual and Group Reports for March 2026

Koenig & Bauer AG has announced that it will publish both its standalone annual report 2025 and its consolidated group annual report 2025 on 26 March 2026, covering the financial year from 1 January to 31 December 2025. The simultaneous release of the company and group financial statements will provide investors and other stakeholders with a comprehensive view of Koenig & Bauer’s performance and financial position, supporting transparency and regulatory compliance in Germany’s capital markets.

The most recent analyst rating on (DE:SKB) stock is a Hold with a EUR9.00 price target. To see the full list of analyst forecasts on Koenig & Bauer stock, see the DE:SKB Stock Forecast page.

Leibinger Consulting AG Increases Stake in Koenig & Bauer AG

Leibinger Consulting AG has increased its stake in Koenig & Bauer AG, surpassing several voting rights thresholds, with the intention of strategic long-term investment and capital growth. The firm aims to influence the Supervisory Board’s composition while maintaining the current policies regarding capital structure and financing, indicating a stable outlook for stakeholders.

The most recent analyst rating on (DE:SKB) stock is a Hold with a EUR12.00 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 Günther Leibinger, through Leibinger Consulting AG, now holding 20.04% of the voting rights, up from a previous 15.07%. This increase in voting rights could potentially influence the company’s strategic decisions and impact its governance structure, reflecting a significant stake by Leibinger Consulting AG.

The most recent analyst rating on (DE:SKB) stock is a Hold with a EUR12.00 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 its voting rights, with the percentage of voting rights attached to shares decreasing from 4.03% to 2.61%. This change was due to the acquisition or disposal of shares with voting rights by LOYS SICAV, a legal entity based in Munsbach, Luxembourg. The adjustment in voting rights could influence the company’s governance and decision-making processes, potentially impacting stakeholders and the company’s strategic direction.

The most recent analyst rating on (DE:SKB) stock is a Hold with a EUR12.00 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 Munsbach, Luxembourg, crossing a threshold on November 6, 2025. The voting rights attached to shares decreased from 5.09% to 4.03%, impacting the total number of voting rights to 16,524,783. This adjustment reflects a shift in shareholder structure, which could influence the company’s governance and strategic decisions.

The most recent analyst rating on (DE:SKB) stock is a Hold with a EUR12.00 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, as Hauck & Aufhäuser Fund Services S.A. adjusted its shareholding, resulting in a decrease of voting rights from 10.02% to 8.39%. This adjustment reflects a shift in shareholder dynamics, potentially impacting the company’s governance and strategic decision-making, as significant shareholders like LOYS SICAV hold more than 3% of voting rights.

The most recent analyst rating on (DE:SKB) stock is a Hold with a EUR12.00 price target. To see the full list of analyst forecasts on Koenig & Bauer stock, see the DE:SKB Stock Forecast page.