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Kendrion NV
(KENDR)
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Rating:69Neutral
Price Target:
€21.00
▲(46.04% Upside)
Action:Reiterated
Date:05/14/26
The score is driven primarily by very attractive valuation (low P/E and high dividend yield) alongside improving financial health (better profitability, positive cash flow, and lower leverage). These positives are tempered by contracting revenue and historically volatile results, and technically the stock looks extended (overbought signals), increasing near-term downside risk.
Positive Factors
Margin recovery
Kendrion returned to positive operating and net margins in 2025, reflecting improved cost coverage and pricing on engineered products. Sustained mid-single-digit margins boost internal funding capacity for R&D and capex, supporting product qualification and long-term competitiveness.
Negative Factors
Revenue contraction
A nearly 20% revenue decline in 2025 erodes scale and puts pressure on fixed-cost absorption and long-term margin sustainability. Continued top-line weakness would limit the company's ability to convert engineering wins into serial production volumes and stable recurring revenue.
Read all positive and negative factors
Positive Factors
Negative Factors
Margin recovery
Kendrion returned to positive operating and net margins in 2025, reflecting improved cost coverage and pricing on engineered products. Sustained mid-single-digit margins boost internal funding capacity for R&D and capex, supporting product qualification and long-term competitiveness.
Read all positive factors
Kendrion NV (KENDR) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€292.83M
Dividend Yield3.06%
Average Volume (3M)38.01K
Price to Earnings (P/E)14.4
Beta (1Y)0.74
Revenue Growth-12.41%
EPS GrowthN/A
CountryNL
Employees1,258
SectorGeneral
Sector StrengthN/A
IndustryAuto - Parts
Share Statistics
EPS (TTM)1.32
Shares Outstanding15,156,748
10 Day Avg. Volume53,475
30 Day Avg. Volume38,010
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)1.07
Price to Sales (P/S)0.67
P/FCF Ratio6.77
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)1.19
Revenue Forecast (FY)€255.44M
Kendrion NV Business Overview & Revenue Model
Company Description
Established in Amsterdam, the Netherlands, in 1859, Kendrion N.V. is a specialist in the creation, production, and distribution of electromagnetic systems and their constituent components. The company caters to a wide range of industrial and autom...
How the Company Makes Money
Kendrion primarily makes money by selling engineered electromagnetic and mechatronic components and subsystems to original equipment manufacturers (OEMs) and industrial customers. Revenue is generated through (1) series production supply of standa...
Kendrion NV Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
66
Positive
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 266.70M | 245.50M | 301.50M | 309.00M | 519.30M | 464.00M |
| Gross Profit | 71.50M | 35.90M | 151.90M | 45.00M | 248.80M | 225.60M |
| EBITDA | 41.10M | 36.30M | 35.90M | 47.70M | -6.80M | 50.40M |
| Net Income | 15.80M | 14.50M | -4.50M | 9.90M | -46.30M | 14.40M |
Balance Sheet | ||||||
| Total Assets | 271.40M | 272.20M | 364.80M | 462.30M | 476.60M | 490.80M |
| Cash, Cash Equivalents and Short-Term Investments | 20.60M | 29.40M | 8.30M | 20.60M | 37.80M | 18.60M |
| Total Debt | 61.50M | 59.70M | 111.90M | 165.60M | 178.10M | 149.20M |
| Total Liabilities | 120.50M | 118.80M | 206.30M | 290.30M | 301.60M | 267.80M |
| Stockholders Equity | 150.90M | 153.40M | 158.50M | 172.00M | 175.00M | 223.00M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 24.20M | -5.10M | 6.10M | 200.00K | -2.20M |
| Operating Cash Flow | 0.00 | 30.40M | 18.50M | 36.40M | 37.90M | 27.80M |
| Investing Cash Flow | 0.00 | 53.50M | 25.80M | -29.60M | -37.90M | -48.80M |
| Financing Cash Flow | 0.00 | -61.00M | -51.20M | -27.80M | 22.10M | 23.90M |
Kendrion NV Technical Analysis
Neutral
14.38
Price Trends
20.13
Negative
18.28
Positive
15.90
Positive
Market Momentum
-0.11
Positive
43.81
Neutral
16.33
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:KENDR, the sentiment is Neutral. The current price of 14.38 is below the 20-day moving average (MA) of 19.67, below the 50-day MA of 20.13, and below the 200-day MA of 15.90, indicating a neutral trend. The MACD of -0.11 indicates Positive momentum. The RSI at 43.81 is Neutral, neither overbought nor oversold. The STOCH value of 16.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for NL:KENDR.
Kendrion NV Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | €294.09M | 12.08 | ― | 3.43% | -2.62% | 32.15% | |
69 Neutral | €292.83M | 14.41 | 6.36% | 3.06% | -12.41% | ― | |
68 Neutral | €3.14B | 13.76 | 11.89% | 2.69% | 9.06% | 160.53% | |
62 Neutral | €4.41B | 49.78 | 6.13% | 4.08% | -1.84% | -15.89% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | €1.08B | -53.20 | -1.54% | 8.99% | -18.78% | -107.52% |
* General Sector Average
NL:KENDR
Kendrion NV
19.02
8.87
87.37%
NL:AALB
Aalberts Industries N.V.
40.32
9.64
31.40%
NL:BAMNB
Koninklijke Bam Groep NV
11.28
4.03
55.54%
NL:FUR
Fugro NV
9.81
-2.52
-20.45%
NL:HYDRA
Hydratec Industries NV
224.00
65.00
40.88%
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.