Koenig & Bauer AG (DE:SKB)
XETRA:SKB
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Koenig & Bauer
(XETRA:SKB)
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Rating:48Neutral
Price Target:
€9.00
▼(-33.23% Downside)
Action:Reiterated
Date:05/21/26
The score is held back primarily by weak financial performance (still loss-making, inconsistent free cash flow, and moderate-to-elevated leverage) and a technically weak trend with the price below major moving averages. A low P/E provides some valuation support but is not enough to offset the profitability and trend concerns.
Positive Factors
Recurring aftermarket revenue
An installed base that generates spare parts, maintenance contracts and retrofits creates steady, recurring revenue that cushions capital-equipment cyclicality. Over 2-6 months this stabilizes margins and supports predictable service cash flows independent of new press orders.
Negative Factors
Persisting net losses
Continued net losses erode equity and limit internally funded investment and R&D. Over months this constrains the firm's ability to scale high-margin services, reduces buffer against downturns, and makes sustained recovery dependent on consistent margin improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring aftermarket revenue
An installed base that generates spare parts, maintenance contracts and retrofits creates steady, recurring revenue that cushions capital-equipment cyclicality. Over 2-6 months this stabilizes margins and supports predictable service cash flows independent of new press orders.
Read all positive factors
Koenig & Bauer (SKB) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€149.71M
Dividend YieldN/A
Average Volume (3M)20.15K
Price to Earnings (P/E)―
Beta (1Y)0.84
Revenue Growth2.91%
EPS Growth76.47%
CountryDE
Employees5,612
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)-1.10
Shares Outstanding16,524,782
10 Day Avg. Volume11,573
30 Day Avg. Volume20,153
Financial Highlights & Ratios
PEG Ratio0.16
Price to Book (P/B)0.52
Price to Sales (P/S)0.14
P/FCF Ratio15.79
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.98
Revenue Forecast (FY)€1.30B
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 syst...
How the Company Makes Money
Koenig & Bauer primarily makes money by selling capital equipment (printing presses and production systems) and by providing recurring aftermarket services tied to its installed base. Key revenue streams typically include: (1) New equipment sales:...
Koenig & Bauer Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
50
Neutral
Cash Flow
46
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.31B | 1.30B | 1.27B | 1.33B | 1.19B | 1.12B |
| Gross Profit | 344.40M | 340.60M | 295.00M | 347.50M | 317.40M | 298.10M |
| EBITDA | 60.70M | 78.20M | 16.50M | 77.90M | 61.40M | 66.40M |
| Net Income | -18.00M | -13.50M | -70.10M | 2.60M | 10.40M | 13.70M |
Balance Sheet | ||||||
| Total Assets | 1.40B | 1.43B | 1.42B | 1.43B | 1.45B | 1.29B |
| Cash, Cash Equivalents and Short-Term Investments | 94.10M | 137.50M | 133.70M | 96.40M | 132.20M | 129.50M |
| Total Debt | 260.90M | 313.90M | 296.00M | 277.90M | 225.30M | 158.00M |
| Total Liabilities | 1.08B | 1.09B | 1.09B | 1.02B | 1.03B | 919.30M |
| Stockholders Equity | 310.00M | 342.50M | 330.40M | 408.50M | 421.10M | 368.10M |
Cash Flow | ||||||
| Free Cash Flow | -28.10M | 11.20M | 30.30M | -84.00M | -38.60M | 62.60M |
| Operating Cash Flow | 34.40M | 42.80M | 73.40M | -31.80M | 5.40M | 95.00M |
| Investing Cash Flow | -37.60M | -36.60M | -41.80M | -61.60M | -65.10M | -38.70M |
| Financing Cash Flow | -1.90M | -2.60M | 1.30M | 61.20M | 59.40M | -68.40M |
Koenig & Bauer Technical Analysis
Negative
13.48
Price Trends
9.08
Negative
9.22
Negative
10.77
Negative
Market Momentum
-0.06
Positive
47.99
Neutral
35.04
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 9.20, above the 50-day MA of 9.08, and above the 200-day MA of 10.77, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 47.99 is Neutral, neither overbought nor oversold. The STOCH value of 35.04 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | €214.14M | 18.23 | 11.18% | 1.56% | -1.40% | 15.21% | |
67 Neutral | €3.61B | 12.40 | 14.01% | 1.95% | 3.23% | 1.66% | |
66 Neutral | €433.37M | 31.55 | 11.86% | ― | 0.55% | 176.24% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
54 Neutral | €536.47M | -29.48 | -21.53% | ― | -12.83% | -372.97% | |
48 Neutral | €149.71M | -8.15 | -5.53% | ― | 2.91% | 76.47% |
* Industrials Sector Average
DE:SKB
Koenig & Bauer
8.88
-4.18
-32.01%
DE:HDD
Heidelberger Druckmaschinen
1.40
-0.02
-1.27%
DE:KRN
Krones AG
114.40
-28.40
-19.89%
DE:LPK
LPKF Laser & Electronics
21.00
12.64
151.20%
DE:TTR1
Technotrans
30.25
9.31
44.45%
DE:DAR
Datron AG
9.35
1.03
12.38%
Koenig & Bauer Corporate Events
Regulatory Filings and Compliance
Morgan Stanley Slightly Reduces Voting Stake in Koenig & Bauer
Neutral
Apr 21, 2026
Koenig Bauer AG has disclosed a change in significant shareholding after Morgan Stanley reported an adjustment in its voting rights position. The U.S. financial institution now holds 2.95% of Koenig Bauer’s voting rights via shares and 0.1...
Business Operations and StrategyRegulatory Filings and Compliance
Morgan Stanley Discloses 3.17% Voting Stake in Koenig & Bauer
Neutral
Apr 17, 2026
Morgan Stanley has notified Koenig Bauer AG that it has crossed the 3% threshold of voting rights in the company as of 14 April 2026, triggering a disclosure under Germany’s WpHG rules. The U.S. financial group now holds 3.00% of Koenig Ba...
Business Operations and StrategyFinancial Disclosures
Koenig & Bauer Lifts Earnings and Targets Stable 2026 in Volatile Market
Positive
Feb 26, 2026
Koenig Bauer AG reported preliminary 2025 results showing group revenue up 2.2% to €1.30bn, with both its Special New Technologies and Paper Packaging Sheetfed Systems segments contributing to growth. Operating EBIT rose to €36.6m, ...
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.