Want to see DE:KRN full AI Analyst Report?
Top Page
Krones AG
(XETRA:KRN)
Select Model
Select Model
Rating:71Outperform
Price Target:
€123.00
▲(8.85% Upside)
Action:Upgraded
Date:08/02/26
The score is primarily driven by strong financial quality (rapid recent revenue growth, stable profitability, and very low leverage) and supportive valuation (P/E ~12 with a ~2.5% yield). These positives are moderated by weaker technical positioning versus longer-term moving averages and by historically uneven free-cash-flow conversion.
Positive Factors
Strong Revenue Growth
Rapid recent growth indicates strong customer demand for Krones’ equipment, integrated production lines and services. Sustained expansion can improve scale, deepen customer relationships and support earnings growth over the next several quarters.
Negative Factors
Gross-Margin Volatility
The gross-margin decline suggests exposure to unfavorable product mix, project execution or cost pressure. Although net and operating margins remained healthy, continued volatility could constrain incremental profitability and reduce earnings predictability.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Rapid recent growth indicates strong customer demand for Krones’ equipment, integrated production lines and services. Sustained expansion can improve scale, deepen customer relationships and support earnings growth over the next several quarters.
Read all positive factors
Krones AG (KRN) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€3.70B
Dividend Yield2.36%
Average Volume (3M)29.29K
Price to Earnings (P/E)12.8
Beta (1Y)1.26
Revenue Growth3.44%
EPS Growth1.73%
CountryDE
Employees21,249
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)9.25
Shares Outstanding31,593,073
10 Day Avg. Volume23,974
30 Day Avg. Volume29,287
Financial Highlights & Ratios
PEG Ratio1.85
Price to Book (P/B)2.02
Price to Sales (P/S)0.76
P/FCF Ratio13.07
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€173.75Price Target Upside53.76% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)10.18
Revenue Forecast (FY)€5.78B
Krones AG Business Overview & Revenue Model
Company Description
Krones AG, headquartered in Neutraubling, Germany, and established in 1951, specializes in the design, engineering, and manufacturing of advanced machinery and integrated line solutions for production, filling, and packaging processes globally. Th...
How the Company Makes Money
Krones makes money primarily by selling capital equipment and complete production/packaging lines to beverage and liquid-food producers. A major revenue stream comes from engineering, manufacturing, and commissioning turnkey lines and standalone m...
Krones AG Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
90
Very Positive
Cash Flow
64
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.65B | 5.66B | 5.29B | 4.72B | 4.21B | 3.63B |
| Gross Profit | 698.06M | 1.13B | 2.72B | 2.34B | 2.14B | 1.86B |
| EBITDA | 607.76M | 616.68M | 564.79M | 493.29M | 388.32M | 324.52M |
| Net Income | 292.30M | 299.20M | 276.92M | 224.51M | 187.03M | 141.37M |
Balance Sheet | ||||||
| Total Assets | 5.03B | 5.04B | 4.75B | 4.48B | 4.17B | 3.49B |
| Cash, Cash Equivalents and Short-Term Investments | 405.40M | 549.49M | 442.48M | 448.36M | 674.50M | 383.37M |
| Total Debt | 174.10M | 148.84M | 136.62M | 139.74M | 110.93M | 102.52M |
| Total Liabilities | 2.83B | 2.91B | 2.83B | 2.76B | 2.57B | 2.10B |
| Stockholders Equity | 2.19B | 2.13B | 1.92B | 1.72B | 1.60B | 1.39B |
Cash Flow | ||||||
| Free Cash Flow | 227.90M | 328.90M | 271.03M | -25.04M | 360.54M | 200.84M |
| Operating Cash Flow | 410.84M | 459.14M | 452.17M | 137.62M | 478.70M | 305.73M |
| Investing Cash Flow | -248.41M | -211.41M | -338.99M | -238.91M | -107.75M | -102.48M |
| Financing Cash Flow | -138.31M | -128.11M | -115.00M | -94.10M | -79.79M | -60.89M |
Krones AG Technical Analysis
Positive
113.00
Price Trends
113.19
Positive
115.47
Positive
121.69
Negative
Market Momentum
0.99
Negative
64.48
Neutral
79.84
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:KRN, the sentiment is Positive. The current price of 113 is below the 20-day moving average (MA) of 115.15, below the 50-day MA of 113.19, and below the 200-day MA of 121.69, indicating a neutral trend. The MACD of 0.99 indicates Negative momentum. The RSI at 64.48 is Neutral, neither overbought nor oversold. The STOCH value of 79.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:KRN.
Krones AG Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | €10.89B | 25.32 | 17.42% | 2.05% | 3.92% | 10.56% | |
71 Outperform | €3.70B | 12.82 | 13.67% | 2.48% | 3.44% | 1.73% | |
63 Neutral | €1.54B | -1.86 | -427.53% | 2.80% | 1.66% | 11.38% | |
61 Neutral | €2.55B | -2,560.00 | -0.04% | 1.17% | 1.63% | -86.73% | |
58 Neutral | €1.20B | 5.72 | -2.06% | 4.40% | 1.58% | ― | |
56 Neutral | €148.39M | -14.43 | -5.53% | ― | 2.91% | 76.47% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
DE:KRN
Krones AG
118.60
-11.89
-9.11%
DE:DUE
Durr AG
17.72
-3.13
-15.00%
DE:G1A
GEA Group AG
67.35
5.73
9.31%
DE:JUN3
Jungheinrich
25.60
-4.54
-15.07%
DE:SKB
Koenig & Bauer
9.00
-7.14
-44.24%
DE:KSB
KSB AG
936.00
47.53
5.35%
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.