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Koenig & Bauer
(XETRA:SKB)
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Rating:47Neutral
Price Target:
€9.00
▼(-33.23% Downside)
Action:Reiterated
Date:07/01/26
The score is driven primarily by financial performance: despite a strong revenue rebound and improved operating margins, continued net losses, uneven cash conversion (negative TTM free cash flow), and moderate-to-elevated leverage keep the outlook constrained. Valuation is also penalized by the negative P/E, while technical positioning cannot be assessed due to missing indicator data.
Positive Factors
Revenue rebound and margin recovery
A strong revenue rebound and recovered gross/EBITDA margins indicate the core machinery and project business is regaining pricing and utilization power. Sustained top-line and margin improvements strengthen ability to absorb fixed costs, support reinvestment in equipment R&D, and make profitability more attainable over multiple cycles.
Negative Factors
Persistent net losses
Continued net losses mean the company has yet to convert operational recovery into sustainable profitability. This limits retained earnings accumulation, constrains capacity to self-fund growth or cyclical cushions, and increases reliance on external financing or margin improvement to secure long-term viability.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound and margin recovery
A strong revenue rebound and recovered gross/EBITDA margins indicate the core machinery and project business is regaining pricing and utilization power. Sustained top-line and margin improvements strengthen ability to absorb fixed costs, support reinvestment in equipment R&D, and make profitability more attainable over multiple cycles.
Read all positive factors
Koenig & Bauer (SKB) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€149.55M
Dividend YieldN/A
Average Volume (3M)20.15K
Price to Earnings (P/E)―
Beta (1Y)0.83
Revenue Growth2.91%
EPS Growth76.47%
CountryDE
Employees5,612
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)-1.10
Shares Outstanding16,524,782
10 Day Avg. Volume11,573
30 Day Avg. Volume20,153
Financial Highlights & Ratios
PEG Ratio0.16
Price to Book (P/B)0.52
Price to Sales (P/S)0.14
P/FCF Ratio15.79
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)0.6
Revenue Forecast (FY)€1.31B
Koenig & Bauer Business Overview & Revenue Model
Company Description
Established in 1817 and headquartered in Würzburg, Germany, Koenig & Bauer AG is a global leader in the development and production of printing and post-press systems. Its operations are structured into three distinct segments: Sheetfed, Digital & ...
How the Company Makes Money
Koenig & Bauer primarily makes money by selling capital equipment (printing presses and production systems) and by providing recurring aftermarket services tied to its installed base. Key revenue streams typically include: (1) New equipment sales:...
Koenig & Bauer Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
50
Neutral
Cash Flow
46
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.31B | 1.30B | 1.27B | 1.33B | 1.19B | 1.12B |
| Gross Profit | 344.40M | 340.60M | 295.00M | 347.50M | 317.40M | 298.10M |
| EBITDA | 60.70M | 78.20M | 16.50M | 77.90M | 61.40M | 66.40M |
| Net Income | -18.00M | -13.50M | -70.10M | 2.60M | 10.40M | 13.70M |
Balance Sheet | ||||||
| Total Assets | 1.40B | 1.43B | 1.42B | 1.43B | 1.45B | 1.29B |
| Cash, Cash Equivalents and Short-Term Investments | 94.10M | 137.50M | 133.70M | 96.40M | 132.20M | 129.50M |
| Total Debt | 260.90M | 313.90M | 296.00M | 277.90M | 225.30M | 158.00M |
| Total Liabilities | 1.08B | 1.09B | 1.09B | 1.02B | 1.03B | 919.30M |
| Stockholders Equity | 310.00M | 342.50M | 330.40M | 408.50M | 421.10M | 368.10M |
Cash Flow | ||||||
| Free Cash Flow | 2.80M | 11.20M | 30.30M | -84.00M | -38.60M | 62.60M |
| Operating Cash Flow | 34.40M | 42.80M | 73.40M | -31.80M | 5.40M | 95.00M |
| Investing Cash Flow | -37.60M | -36.60M | -41.80M | -61.60M | -65.10M | -38.70M |
| Financing Cash Flow | -1.90M | -2.60M | 1.30M | 61.20M | 59.40M | -68.40M |
Koenig & Bauer Technical Analysis
Positive
13.48
Price Trends
9.07
Negative
9.00
Positive
10.24
Negative
Market Momentum
-0.13
Negative
55.04
Neutral
32.76
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:SKB, the sentiment is Positive. The current price of 13.48 is above the 20-day moving average (MA) of 8.73, above the 50-day MA of 9.07, and above the 200-day MA of 10.24, indicating a neutral trend. The MACD of -0.13 indicates Negative momentum. The RSI at 55.04 is Neutral, neither overbought nor oversold. The STOCH value of 32.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:SKB.
Koenig & Bauer Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | €222.77M | 19.43 | 11.18% | 1.56% | -1.40% | 15.21% | |
67 Neutral | €3.54B | 12.16 | 14.01% | 1.95% | 3.23% | 1.66% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | €534.02M | -30.89 | -21.53% | ― | -12.83% | -372.97% | |
54 Neutral | €420.59M | 25.55 | 2.75% | ― | 0.55% | 172.38% | |
47 Neutral | €149.55M | -8.23 | -5.53% | ― | 2.91% | 76.47% |
* Industrials Sector Average
DE:SKB
Koenig & Bauer
9.05
-4.13
-31.34%
DE:HDD
Heidelberger Druckmaschinen
1.38
-0.08
-5.60%
DE:KRN
Krones AG
112.20
-23.36
-17.23%
DE:LPK
LPKF Laser & Electronics
21.80
12.76
141.15%
DE:TTR1
Technotrans
32.25
11.80
57.66%
DE:DAR
Datron AG
7.50
0.05
0.66%
Koenig & Bauer Corporate Events
Financial DisclosuresRegulatory Filings and Compliance
Koenig & Bauer Sets Date for Half-Year 2026 Financial Report
Neutral
Jun 24, 2026
Koenig Bauer AG has announced the scheduled publication of its half-year 2026 financial report, covering the period from 1 January to 30 June 2026. The report will be made available online to investors and other stakeholders on 6 August 2026 via ...
Regulatory Filings and Compliance
Morgan Stanley Slightly Reduces Voting Stake in Koenig & Bauer
Neutral
Apr 21, 2026
Koenig Bauer AG has disclosed a change in significant shareholding after Morgan Stanley reported an adjustment in its voting rights position. The U.S. financial institution now holds 2.95% of Koenig Bauer’s voting rights via shares and 0.1...
Business Operations and StrategyRegulatory Filings and Compliance
Morgan Stanley Discloses 3.17% Voting Stake in Koenig & Bauer
Neutral
Apr 17, 2026
Morgan Stanley has notified Koenig Bauer AG that it has crossed the 3% threshold of voting rights in the company as of 14 April 2026, triggering a disclosure under Germany’s WpHG rules. The U.S. financial group now holds 3.00% of Koenig Ba...
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.