KOENIG & BAUER AG |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 12.72 EUR | -4.93% |
|
-4.22% | +5.12% |
| Mar. 27 | Koenig & Bauer AG Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| Mar. 27 | Transcript : Koenig & Bauer AG, 2023 Earnings Call, Mar 27, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 461.7 | 395.3 | 517.2 | 269 | 199.9 | 210.2 | - | - |
| Enterprise Value (EV) 1 | 570 | 535.6 | 610.4 | 443.8 | 455.4 | 296.1 | 282.6 | 269.2 |
| P/E ratio | 12.1 x | -3.81 x | 37.7 x | 25.8 x | 75.6 x | 33.9 x | 7.69 x | 5.08 x |
| Yield | - | - | - | - | - | 2.36% | 3.79% | 4.72% |
| Capitalization / Revenue | 0.38 x | 0.38 x | 0.46 x | 0.23 x | 0.15 x | 0.16 x | 0.15 x | 0.15 x |
| EV / Revenue | 0.47 x | 0.52 x | 0.55 x | 0.37 x | 0.34 x | 0.22 x | 0.21 x | 0.19 x |
| EV / EBITDA | 6.36 x | -16 x | 9 x | 7.07 x | 6.02 x | 4.25 x | 3.09 x | 2.34 x |
| EV / FCF | -5.86 x | -19.8 x | 9.75 x | -11.5 x | -5.42 x | 22.6 x | 19.9 x | 19.8 x |
| FCF Yield | -17.1% | -5.06% | 10.3% | -8.7% | -18.4% | 4.42% | 5.02% | 5.05% |
| Price to Book | 1.01 x | 1.16 x | 1.41 x | 0.64 x | 0.49 x | 0.51 x | 0.46 x | 0.44 x |
| Nbr of stocks (in thousands) | 16,525 | 16,525 | 16,525 | 16,525 | 16,525 | 16,525 | - | - |
| Reference price 2 | 27.94 | 23.92 | 31.30 | 16.28 | 12.10 | 12.72 | 12.72 | 12.72 |
| Announcement Date | 3/19/20 | 3/24/21 | 3/30/22 | 3/29/23 | 3/27/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,218 | 1,029 | 1,116 | 1,186 | 1,327 | 1,317 | 1,369 | 1,425 |
| EBITDA 1 | 89.6 | -33.4 | 67.8 | 62.8 | 75.6 | 69.6 | 91.47 | 115 |
| EBIT 1 | 56 | -67.9 | 28.5 | 22 | 29.9 | 26.28 | 48.73 | 72.48 |
| Operating Margin | 4.6% | -6.6% | 2.55% | 1.86% | 2.25% | 2% | 3.56% | 5.08% |
| Earnings before Tax (EBT) 1 | 49.8 | -73.5 | 19 | 13.2 | 13 | 10.26 | 36.73 | 54.4 |
| Net income 1 | 38.1 | -103.1 | 13.7 | 10.4 | 2.6 | 6.4 | 27.62 | 39.6 |
| Net margin | 3.13% | -10.02% | 1.23% | 0.88% | 0.2% | 0.49% | 2.02% | 2.78% |
| EPS 2 | 2.310 | -6.270 | 0.8300 | 0.6300 | 0.1600 | 0.3750 | 1.653 | 2.503 |
| Free Cash Flow 1 | -97.2 | -27.1 | 62.6 | -38.6 | -84 | 13.1 | 14.18 | 13.6 |
| FCF margin | -7.98% | -2.63% | 5.61% | -3.26% | -6.33% | 0.99% | 1.04% | 0.95% |
| FCF Conversion (EBITDA) | - | - | 92.33% | - | - | 18.82% | 15.51% | 11.83% |
| FCF Conversion (Net income) | - | - | 456.93% | - | - | 204.69% | 51.36% | 34.34% |
| Dividend per Share 2 | - | - | - | - | - | 0.3000 | 0.4820 | 0.6000 |
| Announcement Date | 3/19/20 | 3/24/21 | 3/30/22 | 3/29/23 | 3/27/24 | - | - | - |
1EUR in Million2EUR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 S1 | 2023 Q3 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 253.4 | - | 313.9 | 380 | - | 315.4 | 596.4 | 294.7 | 435.7 | 258 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | -8.5 | -5.3 | -13.8 | - | - | - | -2.2 | -5.4 | 3.3 | 32 | -10.5 |
| Operating Margin | - | -2.09% | - | - | - | - | -0.7% | -0.91% | 1.12% | 7.34% | -4.07% |
| Earnings before Tax (EBT) 1 | - | - | - | - | - | - | - | - | - | 28.2 | -17 |
| Net income 1 | - | - | - | - | - | -5.6 | - | - | - | - | -16 |
| Net margin | - | - | - | - | - | - | - | - | - | - | -6.2% |
| EPS | - | - | - | 0.2800 | - | -0.3400 | -0.3100 | - | -0.1000 | 0.9100 | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 4/29/22 | 7/29/22 | 7/29/22 | 11/8/22 | 3/29/23 | 5/15/23 | 7/28/23 | 7/28/23 | 11/9/23 | 3/27/24 | - |
1EUR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 108 | 140 | 93.2 | 175 | 256 | 85.9 | 72.4 | 59 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.209 x | -4.201 x | 1.375 x | 2.783 x | 3.38 x | 1.234 x | 0.7918 x | 0.513 x |
| Free Cash Flow 1 | -97.2 | -27.1 | 62.6 | -38.6 | -84 | 13.1 | 14.2 | 13.6 |
| ROE (net income / shareholders' equity) | 8.36% | -26.7% | 3.87% | 2.64% | 0.63% | 1.8% | 6.4% | 8.8% |
| ROA (Net income/ Total Assets) | - | - | - | - | 0.18% | 0.2% | 2% | 2.9% |
| Assets 1 | - | - | - | - | 1,438 | 3,200 | 1,381 | 1,366 |
| Book Value Per Share 2 | 27.80 | 20.60 | 22.30 | 25.50 | 24.70 | 25.20 | 27.40 | 29.10 |
| Cash Flow per Share 2 | -0.4800 | - | - | 0.3300 | -1.920 | 0.8400 | -0.7800 | -0.3700 |
| Capex 1 | 89.3 | 39.3 | 32.4 | 44 | 52.2 | 46.7 | 44.9 | 49.1 |
| Capex / Sales | 7.33% | 3.82% | 2.9% | 3.71% | 3.93% | 3.55% | 3.28% | 3.45% |
| Announcement Date | 3/19/20 | 3/24/21 | 3/30/22 | 3/29/23 | 3/27/24 | - | - | - |
1EUR in Million2EUR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
12.72
EUR
Average target price
15
EUR
Spread / Average Target
+17.92%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +5.12% | 238M | |
| +2.99% | 15.48B | |
| +43.37% | 5.54B | |
| -12.03% | 4.85B | |
| -9.00% | 4.68B | |
| -8.75% | 4.44B | |
| +15.74% | 4.23B | |
| +9.36% | 3.79B | |
| +39.26% | 3.73B | |
| +0.40% | 3.3B |
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