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KSB AG
(XETRA:KSB)
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Rating:63Neutral
Price Target:
€995.00
▲(4.96% Upside)
Action:Reiterated
Date:08/04/26
The score is primarily supported by strong financial fundamentals—especially the conservative balance sheet and solid profitability—partly offset by weak and volatile cash-flow conversion in the latest year. Technicals are mixed and mostly neutral, while valuation is a key headwind due to the high P/E despite a moderate dividend yield.
Positive Factors
Conservative balance sheet
Very low leverage gives KSB substantial financial flexibility through industrial cycles and reduces dependence on refinancing. The expanded equity base and healthy roughly 12% ROE also support resilience, investment capacity, and the ability to sustain operations during weaker demand.
Negative Factors
Weak and volatile cash conversion
Low cash conversion means reported earnings are not consistently translating into internally generated funds. The sharp 2025 free-cash-flow decline and prior negative free cash flow in 2022 indicate volatility that could constrain reinvestment, distributions, or flexibility if sustained.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage gives KSB substantial financial flexibility through industrial cycles and reduces dependence on refinancing. The expanded equity base and healthy roughly 12% ROE also support resilience, investment capacity, and the ability to sustain operations during weaker demand.
Read all positive factors
KSB AG (KSB) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€1.49B
Dividend Yield3%
Average Volume (3M)71.00
Price to Earnings (P/E)―
Beta (1Y)0.89
Revenue Growth1.66%
EPS Growth11.38%
CountryDE
Employees17,153
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)74.86
Shares Outstanding886,615
10 Day Avg. Volume82
30 Day Avg. Volume71
Financial Highlights & Ratios
PEG Ratio0.62
Price to Book (P/B)1.46
Price to Sales (P/S)0.56
P/FCF Ratio42.46
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)79.4
Revenue Forecast (FY)€3.08B
KSB AG Business Overview & Revenue Model
Company Description
KSB SE & Co. KGaA, alongside its various subsidiaries, operates on a global scale, specializing in the production and distribution of pumps, valves, and associated system solutions. The company's operations are strategically divided into three dis...
How the Company Makes Money
KSB makes money primarily by selling pump and valve products and by providing related services across the equipment lifecycle. Key revenue streams typically include: (1) New equipment sales: revenue from engineered-to-order and standard pumps, val...
KSB AG Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
86
Very Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.04B | 3.03B | 2.97B | 2.82B | 2.57B | 2.34B |
| Gross Profit | 626.20M | 644.90M | 655.70M | 611.09M | 498.98M | 1.38B |
| EBITDA | 304.30M | 323.80M | 349.10M | 319.70M | 264.07M | 227.61M |
| Net Income | 131.10M | 140.90M | 118.10M | 152.29M | 103.65M | 93.65M |
Balance Sheet | ||||||
| Total Assets | 2.96B | 2.94B | 2.87B | 2.67B | 2.48B | 2.31B |
| Cash, Cash Equivalents and Short-Term Investments | 232.20M | 338.60M | 369.30M | 340.42M | 228.57M | 386.68M |
| Total Debt | 64.40M | 61.10M | 58.30M | 54.60M | 50.46M | 78.67M |
| Total Liabilities | 1.53B | 1.55B | 1.53B | 1.45B | 1.35B | 1.45B |
| Stockholders Equity | 1.18B | 1.16B | 1.09B | 1.00B | 915.92M | 674.75M |
Cash Flow | ||||||
| Free Cash Flow | 17.80M | 39.80M | 133.60M | 173.80M | -100.28M | 89.94M |
| Operating Cash Flow | 175.30M | 193.60M | 268.60M | 280.30M | 2.11M | 163.92M |
| Investing Cash Flow | -167.10M | -137.90M | -153.70M | -103.54M | -89.04M | -76.39M |
| Financing Cash Flow | -73.20M | -72.40M | -88.80M | -63.49M | -75.84M | -43.42M |
KSB AG Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | €10.79B | 24.92 | 17.54% | 1.96% | 3.92% | 10.56% | |
71 Outperform | €3.41B | 11.52 | 13.67% | 2.63% | 3.44% | 1.73% | |
70 Outperform | €124.23B | 45.27 | 25.04% | 0.49% | 9.00% | 175.47% | |
63 Neutral | €1.49B | -2.04 | -427.53% | 3.00% | 1.66% | 11.38% | |
59 Neutral | €1.65B | 24.33 | 12.29% | 4.37% | 0.35% | 116.73% | |
58 Neutral | €1.19B | 5.47 | -2.06% | 4.72% | 1.58% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
DE:KSB
KSB AG
884.00
0.38
0.04%
DE:DUE
Durr AG
16.96
-2.39
-12.37%
DE:G1A
GEA Group AG
66.30
4.73
7.69%
DE:KRN
Krones AG
106.60
-15.50
-12.70%
DE:PFV
Pfeiffer Vacuum Technology
167.40
18.09
12.11%
DE:ENR
Siemens Energy
142.60
38.89
37.50%
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.