Koenig & Bauer (SKB) AI Stock Analysis

• Market Cap: €221.43M
• Dividend Yield: N/A
• Average Volume (3M): 36.96K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.73
• Revenue Growth: -1.97%
• EPS Growth: -799.96%
• Country: DE
• Employees: 5,612
• Sector: Industrials
• Sector Strength: 86
• Industry: Industrial - Machinery
• EPS (TTM): -1.41
• Shares Outstanding: 16,524,782
• 10 Day Avg. Volume: 27,129
• 30 Day Avg. Volume: 36,961
• PEG Ratio: -0.66
• Price to Book (P/B): 1.01
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -4.75
• 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: €18.00
• Price Target Upside: 34.13% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 51 Neutral
• Price Target: €13.00 ▼(-3.13%Downside)

The overall stock score is primarily influenced by financial performance and valuation. The company faces profitability challenges and negative valuation metrics, which weigh heavily on the score. Technical analysis provides a neutral outlook, but the lack of earnings call and corporate events information limits additional insights. The improved cash flow offers a positive note, suggesting potential for future stabilization.

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 advanced printing presses and related equipment. The company's key revenue streams include sales of sheetfed presses, which are used extensively in commercial and packaging printing; digital and webfed presses, catering to digital and high-volume printing needs; and specialty printing equipment for niche markets such as security printing and metal decorating. Additionally, Koenig & Bauer offers a range of services, including maintenance, training, and support, which provide ongoing revenue. Significant partnerships with industries requiring high-quality printing solutions, like packaging companies and security printers, also contribute to its earnings. Furthermore, the company invests in research and development to enhance its product offerings and maintain a competitive edge in the printing industry.

Koenig & Bauer Financial Statement Overview

Summary

Koenig & Bauer faces challenges in profitability and revenue growth, with negative income statement margins and a moderately leveraged balance sheet. However, there is a significant improvement in cash flow, indicating better cash management.

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

Koenig & Bauer Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 13.42
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• 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 Positive. The current price of 13.42 is above the 20-day moving average (MA) of 13.24, above the 50-day MA of 13.40, and below the 200-day MA of 13.48, indicating a neutral trend. The MACD of 0.03 indicates Negative momentum. The RSI at 51.77 is Neutral, neither overbought nor oversold. The STOCH value of 32.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:SKB.

Koenig & Bauer Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	71 Outperform	¥254.55B	13.00	8.49%	3.09%	6.31%	12.77%
SKB	51 Neutral	€221.43M	―	-21.69%	―	-1.97%	-799.96%
0RO8		€180.75M	8.29	11.37%	1.51%	―	―
0J9C		€1.58B	15.06	4.78%	3.07%	―	―
0OC2		€443.72M	78.34	1.03%	―	―	―
0LQ4		€4.44B	15.51	15.25%	1.59%	―	―
HG1		€461.23M	37.02	11.73%	3.53%	―	―

Koenig & Bauer Corporate Events

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.

Koenig & Bauer AG Announces Change in Voting Rights

Koenig & Bauer AG has announced a change in the voting rights attached to its shares, with the percentage of voting rights decreasing from 5.08% to 4.97%. This adjustment is due to the acquisition or disposal of shares with voting rights by LOYS SICAV, a legal entity based in Munsbach, Luxembourg. The announcement reflects the company’s compliance with regulatory requirements and may have implications for its shareholder structure.

Koenig & Bauer AG Announces Change in Voting Rights

Koenig & Bauer AG has announced a change in voting rights, as LOYS SICAV, a legal entity based in Luxembourg, has acquired or disposed of shares, resulting in a new total of 5.08% voting rights. This change reflects an increase from the previous 4.30%, indicating a shift in shareholder composition which could impact the company’s governance and decision-making processes.