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KION GROUP AG
(XETRA:KGX)
Select Model
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Rating:56Neutral
Price Target:
€37.00
▼(-12.38% Downside)
Action:Reiterated
Date:10/03/26
The score is held back primarily by weakening cash generation (sharp drop in operating and free cash flow) and elevated leverage, alongside a bearish technical trend with negative momentum. These risks are partially offset by improving profitability versus 2025 and a relatively reasonable valuation (P/E ~12.1) with a modest dividend yield.
Positive Factors
Revenue rebound
The renewed top-line growth indicates that KION is maintaining demand across its industrial trucks, warehouse equipment, and automation activities. A broader revenue base can support service attachment, operating leverage, and continued investment in systems and customer relationships over coming quarters.
Negative Factors
Weak cash conversion
The sharp deterioration in operating and free cash flow means recent accounting earnings are translating less effectively into available funds. Persistently weaker conversion could reduce flexibility to invest, service obligations, or support growth without relying more heavily on external financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound
The renewed top-line growth indicates that KION is maintaining demand across its industrial trucks, warehouse equipment, and automation activities. A broader revenue base can support service attachment, operating leverage, and continued investment in systems and customer relationships over coming quarters.
Read all positive factors
KION GROUP AG (KGX) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€4.45B
Dividend Yield1.83%
Average Volume (3M)396.45K
Price to Earnings (P/E)11.5
Beta (1Y)1.85
Revenue Growth1.99%
EPS Growth67.69%
CountryDE
Employees42,403
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)2.95
Shares Outstanding131,198,650
10 Day Avg. Volume387,227
30 Day Avg. Volume396,447
Financial Highlights & Ratios
PEG Ratio-1.08
Price to Book (P/B)1.47
Price to Sales (P/S)0.79
P/FCF Ratio12.75
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€51.56Price Target Upside22.08% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
EPS Forecast (FY)3.25
Revenue Forecast (FY)€11.67B
KION GROUP AG Business Overview & Revenue Model
Company Description
Kion Group AG operates globally, offering a diverse portfolio encompassing industrial trucks, warehouse technology, and comprehensive supply chain solutions, along with related services. Its business is divided into two primary segments: Industria...
How the Company Makes Money
KION primarily makes money through a mix of (1) selling new equipment and systems and (2) recurring, higher-frequency service and lifecycle revenue.
1) Industrial Trucks & Services (ITS):
- New truck and warehouse equipment sales: Revenue is gene...
KION GROUP AG Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
56
Neutral
Cash Flow
43
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.49B | 11.30B | 11.50B | 11.43B | 11.14B | 10.29B |
| Gross Profit | 2.93B | 2.95B | 3.09B | 2.78B | 2.12B | 2.52B |
| EBITDA | 1.84B | 1.90B | 2.05B | 1.82B | 1.32B | 1.81B |
| Net Income | 385.50M | 230.10M | 360.30M | 305.80M | 98.00M | 568.30M |
Balance Sheet | ||||||
| Total Assets | 18.98B | 19.73B | 18.81B | 17.39B | 16.53B | 15.85B |
| Cash, Cash Equivalents and Short-Term Investments | 391.00M | 524.60M | 787.00M | 354.50M | 355.90M | 517.60M |
| Total Debt | 6.95B | 7.46B | 7.66B | 6.58B | 5.98B | 5.12B |
| Total Liabilities | 12.60B | 13.61B | 12.60B | 11.62B | 10.92B | 10.68B |
| Stockholders Equity | 6.35B | 6.10B | 6.19B | 5.77B | 5.61B | 5.18B |
Cash Flow | ||||||
| Free Cash Flow | 94.50M | 701.50M | 1.17B | 651.10M | -728.60M | 547.90M |
| Operating Cash Flow | 470.50M | 1.10B | 1.17B | 1.14B | -345.90M | 881.70M |
| Investing Cash Flow | -442.70M | -435.30M | -468.60M | -428.80M | -369.70M | -337.80M |
| Financing Cash Flow | -264.40M | -964.20M | -224.70M | -721.70M | 562.80M | -386.10M |
KION GROUP AG Technical Analysis
Negative
42.23
Price Trends
39.41
Negative
39.99
Negative
45.19
Negative
Market Momentum
-1.72
Negative
34.29
Neutral
33.17
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:KGX, the sentiment is Negative. The current price of 42.23 is above the 20-day moving average (MA) of 35.08, above the 50-day MA of 39.41, and below the 200-day MA of 45.19, indicating a bearish trend. The MACD of -1.72 indicates Negative momentum. The RSI at 34.29 is Neutral, neither overbought nor oversold. The STOCH value of 33.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:KGX.
KION GROUP AG Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | €3.56B | 12.19 | 13.67% | 2.48% | 3.44% | 1.73% | |
68 Neutral | €1.56B | 13.15 | 7.73% | 3.08% | 14.03% | 166.14% | |
67 Neutral | €2.10B | 11.19 | 14.00% | 4.97% | 5.76% | 2.14% | |
61 Neutral | €2.21B | -2,166.00 | -0.04% | 1.34% | 1.63% | -86.73% | |
58 Neutral | €1.12B | 5.20 | -2.06% | 4.96% | 1.58% | ― | |
56 Neutral | €4.45B | 11.49 | 6.24% | 1.83% | 1.99% | 67.69% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
DE:KGX
KION GROUP AG
33.91
-22.38
-39.76%
DE:GBF
Bilfinger
56.30
-38.61
-40.68%
DE:DUE
Durr AG
16.12
-3.47
-17.73%
DE:JUN3
Jungheinrich
21.66
-8.72
-28.70%
DE:KRN
Krones AG
112.80
-11.64
-9.36%
DE:WAC
Wacker Neuson
22.75
4.43
24.20%
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.