Kendrion NV (KENDR) AI Stock Analysis

Kendrion NV

(Amsterdam:KENDR)

Select Model

Rating:70Outperform

Price Target:EUR 22.00▲(15.67% Upside)

Action:reiterated

Date:08/17/26

The stock scores 70, driven primarily by a solid valuation profile with an attractive dividend yield and reasonable P/E, alongside improving financial health marked by deleveraging, stronger cash flows, and recovering margins. Technicals support the score with a clear uptrend and constructive momentum, while lingering risks from past losses, revenue contraction, and cash flow volatility prevent a higher rating.

Positive Factors

Profitability RecoveryThe return to positive net income and stronger operating margins improves internal funding capacity and supports investment in engineered products. If maintained through the cycle, the recovery can strengthen competitiveness and customer confidence.

Negative Factors

Substantial Revenue ContractionA shrinking top line can reduce factory utilization, weaken operating leverage and limit investment capacity. For a supplier tied to OEM production programs and industrial demand, sustained contraction would challenge the durability of the recent profitability recovery.

Kendrion NV (KENDR) vs. iShares MSCI Netherlands ETF (EWN)

Market Cap: EUR 287.09M
Dividend Yield: 8.94%
Average Volume (3M): 22.82K
Price to Earnings (P/E): 14.1
Beta (1Y): 0.73
Revenue Growth: -18.06%
EPS Growth: ―
Country: Netherlands
Employees: 686
Sector: General
Sector Strength: 55
Industry: Auto - Parts

Kendrion NV Business Overview & Revenue Model

Company Description

Established in Amsterdam, the Netherlands, in 1859, Kendrion N.V. is a specialist in the creation, production, and distribution of electromagnetic systems and their constituent components. The company caters to a wide range of industrial and automoti...

How the Company Makes Money

Kendrion primarily makes money by selling engineered electromagnetic and mechatronic components and subsystems to original equipment manufacturers (OEMs) and industrial customers. Revenue is generated through (1) series production supply of standard...

Kendrion NV Financial Statement Overview

Summary

Overall financials are moderately strong: profitability and margins have recently recovered, leverage has been reduced, and cash generation improved, but the low income statement score reflects past losses and a sharp revenue decline, while cash flow volatility and shrinking assets temper the balance sheet strength.

Income Statement

45Neutral

Balance Sheet

68Positive

Cash Flow

60Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	250.90M	245.50M	301.50M	309.00M	519.30M	464.00M
Gross Profit	40.80M	35.90M	151.90M	45.00M	248.80M	225.60M
EBITDA	40.40M	36.30M	35.90M	47.70M	-6.80M	51.60M
Net Income	16.20M	14.50M	-4.50M	9.90M	-46.30M	14.40M
Balance Sheet
Total Assets	262.10M	272.20M	364.80M	462.30M	476.60M	490.80M
Cash, Cash Equivalents and Short-Term Investments	11.30M	29.40M	8.30M	20.60M	37.80M	18.60M
Total Debt	59.40M	59.70M	111.90M	165.60M	178.10M	149.20M
Total Liabilities	117.10M	118.80M	206.30M	290.30M	301.60M	267.80M
Stockholders Equity	145.00M	153.40M	158.50M	172.00M	175.00M	223.00M
Cash Flow
Free Cash Flow	0	24.20M	-5.10M	6.10M	200.00K	-2.20M
Operating Cash Flow	0	30.40M	18.50M	36.40M	37.90M	27.80M
Investing Cash Flow	0	53.50M	25.80M	-29.60M	-37.90M	-48.80M
Financing Cash Flow	0	-61.00M	-51.20M	-27.80M	22.10M	23.90M

Kendrion NV Technical Analysis

Technical Analysis SentimentNegative

Last Price19.02

Price Trends

50DMA19.53Negative

100DMA19.53Negative

200DMA18.31Positive

Market Momentum

MACD-0.20Negative

RSI45.73Neutral

STOCH71.05Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:KENDR, the sentiment is Negative. The current price of 19.02 is below the 20-day moving average (MA) of 19.20, below the 50-day MA of 19.53, and above the 200-day MA of 18.31, indicating a neutral trend. The MACD of -0.20 indicates Negative momentum. The RSI at 45.73 is Neutral, neither overbought nor oversold. The STOCH value of 71.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NL:KENDR.

Kendrion NV Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

NL:KENDR against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NL:NEDAP	78Outperform	EUR 583.79M	20.98	33.48%	4.11%	13.16%	33.11%
NL:KENDR	70Outperform	EUR 286.50M	14.09	10.65%	8.94%	-18.06%	―
NL:TWEKA	66Neutral	EUR 1.98B	15.40	14.22%	2.72%	9.11%	101.67%
NL:BESI	64Neutral	EUR 12.43B	42.42	55.12%	1.03%	52.92%	94.33%
NL:AALB	61Neutral	EUR 4.45B	29.44	6.21%	2.79%	0.24%	2.12%
NL:LIGHT	58Neutral	EUR 1.84B	10.74	6.32%	10.29%	-7.81%	-43.24%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

NL:KENDR and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
NL:KENDR	Kendrion NV	19.02	6.25	48.94%
NL:AALB	Aalberts Industries N.V.	41.22	14.87	56.46%
NL:BESI	BE Semiconductor Industries NV BESI	154.00	9.11	6.29%
NL:NEDAP	Nedap N.V	90.00	-6.41	-6.65%
NL:LIGHT	Signify	15.26	-3.85	-20.15%
NL:TWEKA	TKH Group N.V.	49.58	12.73	34.56%

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.

Date of analysis: Aug 17, 2026

Kendrion NV AI Stock Analysis