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| 22.08.25 06:10:51 |
Wie steht es denn mit dem Aktienkurs von Knorr-Bremse – hat das die Finanzergebnisse damit zu tun? |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
Here’s a 400-word summary of the text, focusing on Knorr-Bremse’s recent stock performance and key financial metrics:
Knorr-Bremse’s (KBX) stock price has risen by 4.5% over the past month, prompting an investigation into whether the company’s financial performance contributed to this movement. The core focus is on Return on Equity (ROE), a key indicator of profitability and investment efficiency.
**Understanding ROE:** ROE measures how effectively a company uses shareholder investments to generate profit. Calculated as Net Profit (from continuing operations) divided by Shareholders' Equity, Knorr-Bremse’s ROE currently stands at 15% based on trailing twelve months data up to June 2025. This means that for every €1 invested by shareholders, the company generates €0.15 in profit.
**Impressive ROE, But…** Knorr-Bremse’s ROE is significantly higher than the industry average of 10%, suggesting a strong ability to generate returns. However, the company has experienced flat earnings growth over the past five years despite this healthy ROE. This discrepancy raises questions about other potential factors influencing the company’s growth.
**Payout Ratio and Investment Efficiency:** The company maintains a payout ratio of 48% (meaning it retains 52% of its profits), which is typical. However, combined with the flat earnings growth, this suggests the company isn’t effectively reinvesting its profits for accelerated growth. This highlights a key area for further analysis – is the company allocating capital efficiently?
**Industry Comparison:** The average industry earnings growth rate over the same five-year period was 17%, further emphasizing Knorr-Bremse’s underperformance. This suggests external market conditions or company-specific challenges are playing a role.
**Share Price Valuation:** Analysts are now considering whether the expected earnings growth (or lack thereof) is already factored into the current share price. Determining the intrinsic value of KBX is critical to assess if the stock is undervalued or overvalued. A free infographic is available to visualize the company’s current valuation.
**Future Outlook:** Forecasts predict Knorr-Bremse’s future ROE will increase to 21% despite a stable payout ratio. This suggests that while the company might continue to pay out dividends, the business will be expected to generate significantly higher returns.
In essence, the investigation suggests that while Knorr-Bremse boasts a strong ROE, it’s not translating into substantial earnings growth, hinting that other elements – such as capital allocation strategies – need deeper examination. |
| 08.08.25 04:27:36 |
There May Be Some Bright Spots In Knorr-Bremse's (ETR:KBX) Earnings |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
The market for Knorr-Bremse AG's (ETR:KBX) shares didn't move much after it posted weak earnings recently. Our analysis suggests that while the profits are soft, the foundations of the business are strong.
Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit.XTRA:KBX Earnings and Revenue History August 8th 2025
Examining Cashflow Against Knorr-Bremse's Earnings
Many investors haven't heard of the accrual ratio from cashflow, but it is actually a useful measure of how well a company's profit is backed up by free cash flow (FCF) during a given period. The accrual ratio subtracts the FCF from the profit for a given period, and divides the result by the average operating assets of the company over that time. You could think of the accrual ratio from cashflow as the 'non-FCF profit ratio'.
Therefore, it's actually considered a good thing when a company has a negative accrual ratio, but a bad thing if its accrual ratio is positive. While having an accrual ratio above zero is of little concern, we do think it's worth noting when a company has a relatively high accrual ratio. To quote a 2014 paper by Lewellen and Resutek, "firms with higher accruals tend to be less profitable in the future".
Over the twelve months to June 2025, Knorr-Bremse recorded an accrual ratio of -0.11. That implies it has good cash conversion, and implies that its free cash flow solidly exceeded its profit last year. In fact, it had free cash flow of €821m in the last year, which was a lot more than its statutory profit of €422.0m. Knorr-Bremse's free cash flow improved over the last year, which is generally good to see.
That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates.
Our Take On Knorr-Bremse's Profit Performance
As we discussed above, Knorr-Bremse has perfectly satisfactory free cash flow relative to profit. Based on this observation, we consider it likely that Knorr-Bremse's statutory profit actually understates its earnings potential! Unfortunately, though, its earnings per share actually fell back over the last year. Of course, we've only just scratched the surface when it comes to analysing its earnings; one could also consider margins, forecast growth, and return on investment, among other factors. So while earnings quality is important, it's equally important to consider the risks facing Knorr-Bremse at this point in time. While conducting our analysis, we found that Knorr-Bremse has 1 warning sign and it would be unwise to ignore this.
Story Continues
Today we've zoomed in on a single data point to better understand the nature of Knorr-Bremse's profit. But there is always more to discover if you are capable of focussing your mind on minutiae. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. While it might take a little research on your behalf, you may find this free collection of companies boasting high return on equity, or this list of stocks with significant insider holdings to be useful.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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| 04.08.25 04:03:05 |
Analysten Schätzungen: Hier ist, was Broker denken an Knorr-Bremse AG (ETR:KBX) Nach seinem Zweit-Quarter-Bericht |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
Die Knorr-Bremse AG (ETR:KBX) kam letzte Woche mit ihren Ergebnissen aus dem zweiten Quartal heraus, und wir wollten sehen, wie das Geschäft läuft und welche Branchenprognosen das Unternehmen nach diesem Bericht denken. Es sieht so aus, als wären die Ergebnisse insgesamt etwas negativ. Während die Umsatzerlöse in Höhe von 2,0 Mrd. € mit Analystenvorhersagen entsprachen, lagen die gesetzlichen Erträge unter den erwarteten, fehlenden Schätzungen um 2,5%, um 0,87 EUR je Aktie zu erreichen. Nach dem Ergebnis haben die Analysten ihr Ergebnismodell aktualisiert, und es wäre gut zu wissen, ob sie denken, dass es eine starke Veränderung der Aussichten des Unternehmens gibt, oder wenn es wie üblich ist. Leser werden gerne wissen, dass wir die neuesten gesetzlichen Prognosen zusammengefasst haben, um zu sehen, ob die Analysten nach den neuesten Ergebnissen ihre Meinung auf Knorr-Bremse geändert haben.
Wir haben 21 US-Bestände gefunden, die prognostiziert werden, eine Dividendenrendite von über 6% im nächsten Jahr zu zahlen. Sehen Sie die vollständige Liste kostenlos. XTRA:KBX Ergebnis- und Umsatzwachstum 4. August 2025
Nach dem Ergebnisbericht der letzten Woche werden die 13 Analysten von Knorr-Bremse 2025 Umsatzerlöse in Höhe von 7,8 Mrd. € prognostizieren, was etwa den letzten 12 Monaten entspricht. Das Ergebnis pro Aktie wird voraussichtlich 46% auf 3,82 € steigen. Im Vorfeld dieses Berichts hatten die Analysten im Jahr 2025 einen Umsatz von 8,02 Mrd. € und ein Ergebnis je Aktie (EPS) von 3,90 € modelliert. Es sieht so aus, als gäbe es nach den jüngsten Ergebnissen einen geringen Rückgang der Gesamtsentimente - es gab keine wesentlichen Änderungen an Umsatzschätzungen, aber die Analysten machten einen geringfügigen Rückgang auf ihr Ergebnis je Aktieprognose.
Schauen Sie sich unsere neueste Analyse für Knorr-Bremse an
Das Konsequenzpreisziel lag konstant bei 86,93 €, wobei die Analysten scheinbar abstimmen, dass ihr niedrigeres Prognoseergebnis in absehbarer Zeit nicht zu einem niedrigeren Aktienpreis führen wird. Das Konsens-Preisziel ist nur ein Durchschnitt der einzelnen Analyseziele, so - es könnte praktisch sein, zu sehen, wie weit das Spektrum der zugrunde liegenden Schätzungen ist. Auf Knorr-Bremse gibt es verschiedene Wahrnehmungen, mit dem bullischen Analysten, der es bei €104 und am meisten bärisch bei €65.00 pro Aktie bewertet. Es gibt auf jeden Fall einige verschiedene Ansichten auf dem Lager, aber das Spektrum der Schätzungen ist nicht breit genug, um zu bedeuten, dass die Situation in unserer Sicht unvorstellbar ist.
Betrachtet man nun das größere Bild, so können wir diese Prognosen ausnutzen, ist zu sehen, wie sie sich sowohl gegen die Leistungsbilanz als auch gegen die Wachstumsschätzungen der Industrie messen. Wir weisen darauf hin, dass das Umsatzwachstum von Knorr-Bremse voraussichtlich verlangsamt wird, wobei die prognostizierte Wachstumsrate von 0,7 % bis Ende 2025 deutlich unter dem historischen Wachstum von 6,0 % in den letzten fünf Jahren liegt. Im Vergleich dazu werden die anderen Unternehmen dieser Branche mit der Analytabdeckung ihren Umsatz um 5,9 % pro Jahr steigern. Bei der Prognoseverlangsamung des Wachstums scheint es offensichtlich, dass Knorr-Bremse auch langsamer wächst als andere Branchenteilnehmer.
Geschichte geht weiter
Die Bottom Line
Am wichtigsten ist, dass die Analysten ihr Ergebnis je Aktie-Schätzungen herabgestuft haben und zeigen, dass nach diesen Ergebnissen ein deutlicher Rückgang der Einschätzung stattgefunden hat. Auf der Plus-Seite gab es keine wesentlichen Änderungen der Umsatzschätzungen; obwohl Prognosen bedeuten, dass sie schlechter als die breitere Industrie sein werden. Es gab keine wirkliche Änderung des Konsens-Preisziels, was darauf hindeutete, dass der Eigenwert des Unternehmens mit den neuesten Schätzungen keine wesentlichen Veränderungen erfahren hat.
In diesem Sinne würden wir nicht zu schnell zu einem Abschluss auf Knorr-Bremse kommen. Die langfristige Ertragskraft ist wesentlich wichtiger als die Gewinne des nächsten Jahres. Wir haben Prognosen für Knorr-Bremse bis 2027, und Sie können sie kostenlos auf unserer Plattform hier sehen.
Bevor Sie den nächsten Schritt nehmen, sollten Sie über das 1 Warnzeichen für Knorr-Bremse wissen, dass wir entdeckt haben.
Haben Sie Feedback zu diesem Artikel? Über den Inhalt? Kontaktieren Sie uns direkt. Alternativ, E-Mail Editorial-team (at) einfachwallst.com.
Dieser Artikel von Simply Wall St ist allgemein in der Natur. Wir liefern Kommentare basierend auf historischen Daten und Analystenprognosen nur unter Verwendung einer unvoreingenommenen Methodik und unsere Artikel sind nicht als Finanzberatung gedacht. Es stellt keine Empfehlung dar, Aktien zu kaufen oder zu verkaufen, und berücksichtigt nicht Ihre Ziele oder Ihre finanzielle Situation. Wir wollen Ihnen langfristig fokussierte Analyse durch grundlegende Daten bringen. Beachten Sie, dass unsere Analyse möglicherweise nicht in den neuesten preisempfindlichen Unternehmensankündigungen oder qualitativen Material ausschlaggebend ist. Einfach Wand St hat keine Position in den genannten Beständen.
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| 02.08.25 07:35:31 |
Knorr-Bremse Zweites Quartal 2025 Ergebnis: EPS misst Erwartungen |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
Knorr-Bremse (ETR:KBX) Ergebnisse des zweiten Quartals 2025
Wichtigste Finanzergebnisse
Umsatz: 2,02 € (auf 2Q 2024) Nettoeinkommen: 140,1 Mio. € (ab 2.9% ab 2Q 2024). Gewinnspanne: 6,9 % (ab 7,1 % im 2Q 2024). EPS: €0,84 (ab €0,90 in 2Q 2024).
Wir haben 21 US-Bestände gefunden, die prognostiziert werden, eine Dividendenrendite von über 6% im nächsten Jahr zu zahlen. Sehen Sie die vollständige Liste kostenlos. XTRA:KBX Ergebnis- und Umsatzwachstum 2. August 2025
Alle in der obigen Abbildung dargestellten Zahlen sind für die Dauer von 12 Monaten (TTM)
Knorr-Bremse EPS misst Erwartungen
Der Umsatz entsprach den Schätzungen der Analytiker. Das Ergebnis je Aktie (EPS) verfehlte die Analyseschätzungen um 2,5 %.
Die Umsatzerlöse werden in den nächsten 3 Jahren durchschnittlich um 4,6% wachsen, verglichen mit einer 6,0%-Wachstumsprognose für die Maschinenindustrie in Deutschland.
Leistung der deutschen Maschinenindustrie.
Die Aktien des Unternehmens liegen vor einer Woche um 2,1% zurück.
Risikoanalyse
Bevor wir einpacken, haben wir ein Warnzeichen für Knorr-Bremse entdeckt, das Sie wissen sollten.
Haben Sie Feedback zu diesem Artikel? Über den Inhalt? Kontaktieren Sie uns direkt. Alternativ, E-Mail Editorial-team (at) einfachwallst.com.
Dieser Artikel von Simply Wall St ist allgemein in der Natur. Wir liefern Kommentare basierend auf historischen Daten und Analystenprognosen nur unter Verwendung einer unvoreingenommenen Methodik und unsere Artikel sind nicht als Finanzberatung gedacht. Es stellt keine Empfehlung dar, Aktien zu kaufen oder zu verkaufen, und berücksichtigt nicht Ihre Ziele oder Ihre finanzielle Situation. Wir wollen Ihnen langfristig fokussierte Analyse durch grundlegende Daten bringen. Beachten Sie, dass unsere Analyse möglicherweise nicht in den neuesten preisempfindlichen Unternehmensankündigungen oder qualitativen Material ausschlaggebend ist. Einfach Wand St hat keine Position in den genannten Beständen.
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| 15.04.25 10:37:56 |
European Stocks Estimated To Be Trading Below Their Intrinsic Value In April 2025 |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
Amid escalating global trade tensions, European markets have experienced volatility, with major indices like the STOXX Europe 600 Index seeing declines as central banks heighten their vigilance. In such an environment, identifying stocks that are potentially trading below their intrinsic value can offer opportunities for investors seeking to capitalize on market inefficiencies.
Top 10 Undervalued Stocks Based On Cash Flows In Europe
Name Current Price Fair Value (Est) Discount (Est) Cenergy Holdings (ENXTBR:CENER) €8.19 €16.34 49.9% Mips (OM:MIPS) SEK351.00 SEK686.53 48.9% LPP (WSE:LPP) PLN15785.00 PLN30693.52 48.6% Lindab International (OM:LIAB) SEK185.90 SEK370.29 49.8% Net Insight (OM:NETI B) SEK4.61 SEK9.05 49.1% TF Bank (OM:TFBANK) SEK344.50 SEK668.98 48.5% Schaeffler (XTRA:SHA0) €3.558 €7.06 49.6% Digital Workforce Services Oyj (HLSE:DWF) €3.59 €7.00 48.7% Komplett (OB:KOMPL) NOK11.50 NOK22.68 49.3% 3U Holding (XTRA:UUU) €1.435 €2.77 48.2%
Click here to see the full list of 182 stocks from our Undervalued European Stocks Based On Cash Flows screener.
Let's uncover some gems from our specialized screener.
RENK Group
Overview: RENK Group AG specializes in designing, engineering, producing, testing, and servicing customized drive systems globally and has a market cap of €4.78 billion.
Operations: The company's revenue is derived from three main segments: Slide Bearings (€124.82 million), Marine & Industry (€329.82 million), and Vehicle Mobility Solutions (€699.00 million).
Estimated Discount To Fair Value: 44.4%
RENK Group is trading at €47.81, significantly below its estimated fair value of €85.9, indicating potential undervaluation based on cash flows. The company reported strong earnings growth with net income rising to €53.32 million from €32.31 million year-over-year and is expected to see significant annual profit growth over the next three years, outpacing the German market average. However, it carries a high level of debt and has experienced share price volatility recently.
According our earnings growth report, there's an indication that RENK Group might be ready to expand. Dive into the specifics of RENK Group here with our thorough financial health report.DB:R3NK Discounted Cash Flow as at Apr 2025
NIBE Industrier
Overview: NIBE Industrier AB (publ) is a company that develops, manufactures, markets, and sells energy-efficient solutions for indoor climate comfort and intelligent heating and control components across the Nordic countries, Europe, North America, and internationally with a market capitalization of approximately SEK71.53 billion.
Operations: NIBE Industrier's revenue segments include Climate Solutions at SEK26.04 billion, Element at SEK11.09 billion, and Stoves at SEK3.86 billion.
Story Continues
Estimated Discount To Fair Value: 10.6%
NIBE Industrier, trading at SEK 35.48, is slightly undervalued compared to its fair value estimate of SEK 39.7. Despite a drop in net income to SEK 1.17 billion from SEK 4.79 billion year-over-year, earnings are projected to grow significantly at 27.38% annually over the next three years, surpassing the Swedish market average growth rate of 13.4%. However, profit margins have decreased from last year's figures and interest payments remain poorly covered by earnings.
Our earnings growth report unveils the potential for significant increases in NIBE Industrier's future results. Unlock comprehensive insights into our analysis of NIBE Industrier stock in this financial health report.OM:NIBE B Discounted Cash Flow as at Apr 2025
Knorr-Bremse
Overview: Knorr-Bremse AG, with a market cap of €12.66 billion, develops, produces, and markets braking and other systems for rail and commercial vehicles globally.
Operations: The company's revenue is primarily derived from its Rail Vehicle Systems segment, generating €4.13 billion, and its Commercial Vehicle Systems segment, contributing €3.91 billion.
Estimated Discount To Fair Value: 36.4%
Knorr-Bremse, trading at €78.55, is significantly undervalued with a fair value estimate of €123.48. Earnings are forecast to grow at 20.5% annually, outpacing the German market's growth rate of 15.8%. Despite stable revenue projections of €8.1 billion to €8.4 billion for 2025 and an EBIT margin between 12.5% and 13.5%, net income has declined from the previous year, and its dividend track record remains unstable despite recent increases.
Our expertly prepared growth report on Knorr-Bremse implies its future financial outlook may be stronger than recent results. Click here and access our complete balance sheet health report to understand the dynamics of Knorr-Bremse.XTRA:KBX Discounted Cash Flow as at Apr 2025
Summing It All Up
Reveal the 182 hidden gems among our Undervalued European Stocks Based On Cash Flows screener with a single click here. Already own these companies? Bring clarity to your investment decisions by linking up your portfolio with Simply Wall St, where you can monitor all the vital signs of your stocks effortlessly. Simply Wall St is your key to unlocking global market trends, a free user-friendly app for forward-thinking investors.
Want To Explore Some Alternatives?
Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include DB:R3NK OM:NIBE B and XTRA:KBX.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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| 09.04.25 04:24:14 |
Is Now The Time To Look At Buying Knorr-Bremse AG (ETR:KBX)? |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
Let's talk about the popular Knorr-Bremse AG (ETR:KBX). The company's shares saw a double-digit share price rise of over 10% in the past couple of months on the XTRA. Shareholders may appreciate the recent price jump, but the company still has a way to go before reaching its yearly highs again. With many analysts covering the large-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price. But what if there is still an opportunity to buy? Today we will analyse the most recent data on Knorr-Bremse’s outlook and valuation to see if the opportunity still exists.
We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.
What Is Knorr-Bremse Worth?
Great news for investors – Knorr-Bremse is still trading at a fairly cheap price. Our valuation model shows that the intrinsic value for the stock is €123.80, which is above what the market is valuing the company at the moment. This indicates a potential opportunity to buy low. What’s more interesting is that, Knorr-Bremse’s share price is quite volatile, which gives us more chances to buy since the share price could sink lower (or rise higher) in the future. This is based on its high beta, which is a good indicator for how much the stock moves relative to the rest of the market.
View our latest analysis for Knorr-Bremse
What does the future of Knorr-Bremse look like?XTRA:KBX Earnings and Revenue Growth April 9th 2025
Future outlook is an important aspect when you’re looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations. With profit expected to grow by 94% over the next couple of years, the future seems bright for Knorr-Bremse. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation.
What This Means For You
Are you a shareholder? Since KBX is currently undervalued, it may be a great time to increase your holdings in the stock. With a positive outlook on the horizon, it seems like this growth has not yet been fully factored into the share price. However, there are also other factors such as financial health to consider, which could explain the current undervaluation.
Are you a potential investor? If you’ve been keeping an eye on KBX for a while, now might be the time to make a leap. Its prosperous future outlook isn’t fully reflected in the current share price yet, which means it’s not too late to buy KBX. But before you make any investment decisions, consider other factors such as the strength of its balance sheet, in order to make a well-informed buy.
Story Continues
So while earnings quality is important, it's equally important to consider the risks facing Knorr-Bremse at this point in time. You'd be interested to know, that we found 1 warning sign for Knorr-Bremse and you'll want to know about this.
If you are no longer interested in Knorr-Bremse, you can use our free platform to see our list of over 50 other stocks with a high growth potential.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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| 24.03.25 06:55:12 |
Knorr-Bremse (ETR:KBX) Is Increasing Its Dividend To €1.75 |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
Knorr-Bremse AG (ETR:KBX) has announced that it will be increasing its periodic dividend on the 6th of May to €1.75, which will be 6.7% higher than last year's comparable payment amount of €1.64. Although the dividend is now higher, the yield is only 1.9%, which is below the industry average.
Knorr-Bremse's Future Dividend Projections Appear Well Covered By Earnings
If it is predictable over a long period, even low dividend yields can be attractive. The last dividend was quite easily covered by Knorr-Bremse's earnings. This indicates that quite a large proportion of earnings is being invested back into the business.
Over the next year, EPS is forecast to expand by 96.1%. If the dividend continues on this path, the payout ratio could be 31% by next year, which we think can be pretty sustainable going forward.XTRA:KBX Historic Dividend March 24th 2025
Check out our latest analysis for Knorr-Bremse
Knorr-Bremse's Dividend Has Lacked Consistency
Even in its relatively short history, the company has reduced the dividend at least once. Due to this, we are a little bit cautious about the dividend consistency over a full economic cycle. The dividend has gone from an annual total of €1.75 in 2019 to the most recent total annual payment of €1.64. Doing the maths, this is a decline of about 1.1% per year. Generally, we don't like to see a dividend that has been declining over time as this can degrade shareholders' returns and indicate that the company may be running into problems.
Dividend Growth May Be Hard To Come By
With a relatively unstable dividend, it's even more important to see if earnings per share is growing. It's not great to see that Knorr-Bremse's earnings per share has fallen at approximately 5.4% per year over the past five years. A modest decline in earnings isn't great, and it makes it quite unlikely that the dividend will grow in the future unless that trend can be reversed. Earnings are forecast to grow over the next 12 months and if that happens we could still be a little bit cautious until it becomes a pattern.
In Summary
Overall, we always like to see the dividend being raised, but we don't think Knorr-Bremse will make a great income stock. The payments haven't been particularly stable and we don't see huge growth potential, but with the dividend well covered by cash flows it could prove to be reliable over the short term. We don't think Knorr-Bremse is a great stock to add to your portfolio if income is your focus.
Investors generally tend to favour companies with a consistent, stable dividend policy as opposed to those operating an irregular one. Meanwhile, despite the importance of dividend payments, they are not the only factors our readers should know when assessing a company. For instance, we've picked out 1 warning sign for Knorr-Bremse that investors should take into consideration. Is Knorr-Bremse not quite the opportunity you were looking for? Why not check out our selection of top dividend stocks.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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| 23.03.25 06:51:38 |
Knorr-Bremse AG Just Missed Earnings - But Analysts Have Updated Their Models |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
Last week, you might have seen that Knorr-Bremse AG (ETR:KBX) released its full-year result to the market. The early response was not positive, with shares down 4.1% to €88.45 in the past week. It was not a great result overall. While revenues of €8.0b were in line with analyst predictions, earnings were less than expected, missing statutory estimates by 12% to hit €2.77 per share. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Knorr-Bremse after the latest results.
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Taking into account the latest results, the consensus forecast from Knorr-Bremse's 13 analysts is for revenues of €8.24b in 2025. This reflects a satisfactory 3.1% improvement in revenue compared to the last 12 months. Per-share earnings are expected to soar 53% to €4.21. Yet prior to the latest earnings, the analysts had been anticipated revenues of €8.28b and earnings per share (EPS) of €4.20 in 2025. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.
View our latest analysis for Knorr-Bremse
The analysts reconfirmed their price target of €84.47, showing that the business is executing well and in line with expectations. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. The most optimistic Knorr-Bremse analyst has a price target of €107 per share, while the most pessimistic values it at €60.00. There are definitely some different views on the stock, but the range of estimates is not wide enough as to imply that the situation is unforecastable, in our view.
Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. It's pretty clear that there is an expectation that Knorr-Bremse's revenue growth will slow down substantially, with revenues to the end of 2025 expected to display 3.1% growth on an annualised basis. This is compared to a historical growth rate of 5.4% over the past five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 4.8% per year. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than Knorr-Bremse.
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The Bottom Line
The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.
Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At Simply Wall St, we have a full range of analyst estimates for Knorr-Bremse going out to 2027, and you can see them free on our platform here..
You still need to take note of risks, for example - Knorr-Bremse has 1 warning sign we think you should be aware of.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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| 14.03.25 08:09:16 |
Knorr-Bremse AG's (ETR:KBX) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum? |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
Most readers would already be aware that Knorr-Bremse's (ETR:KBX) stock increased significantly by 27% over the past three months. As most would know, fundamentals are what usually guide market price movements over the long-term, so we decided to look at the company's key financial indicators today to determine if they have any role to play in the recent price movement. In this article, we decided to focus on Knorr-Bremse's ROE.
Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.
See our latest analysis for Knorr-Bremse
How Do You Calculate Return On Equity?
Return on equity can be calculated by using the formula:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
So, based on the above formula, the ROE for Knorr-Bremse is:
15% = €477m ÷ €3.1b (Based on the trailing twelve months to December 2024).
The 'return' is the income the business earned over the last year. One way to conceptualize this is that for each €1 of shareholders' capital it has, the company made €0.15 in profit.
What Has ROE Got To Do With Earnings Growth?
So far, we've learned that ROE is a measure of a company's profitability. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features.
Knorr-Bremse's Earnings Growth And 15% ROE
To begin with, Knorr-Bremse seems to have a respectable ROE. Further, the company's ROE compares quite favorably to the industry average of 10%. However, we are curious as to how the high returns still resulted in flat growth for Knorr-Bremse in the past five years. We reckon that there could be some other factors at play here that's limiting the company's growth. These include low earnings retention or poor allocation of capital.
As a next step, we compared Knorr-Bremse's net income growth with the industry and discovered that the industry saw an average growth of 17% in the same period.XTRA:KBX Past Earnings Growth March 14th 2025
The basis for attaching value to a company is, to a great extent, tied to its earnings growth. It’s important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). This then helps them determine if the stock is placed for a bright or bleak future. Has the market priced in the future outlook for KBX? You can find out in our latest intrinsic value infographic research report.
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Is Knorr-Bremse Making Efficient Use Of Its Profits?
Despite having a normal three-year median payout ratio of 48% (implying that the company keeps 52% of its income) over the last three years, Knorr-Bremse has seen a negligible amount of growth in earnings as we saw above. So there might be other factors at play here which could potentially be hampering growth. For example, the business has faced some headwinds.
In addition, Knorr-Bremse has been paying dividends over a period of six years suggesting that keeping up dividend payments is way more important to the management even if it comes at the cost of business growth. Our latest analyst data shows that the future payout ratio of the company over the next three years is expected to be approximately 48%. Still, forecasts suggest that Knorr-Bremse's future ROE will rise to 20% even though the the company's payout ratio is not expected to change by much.
Conclusion
On the whole, we do feel that Knorr-Bremse has some positive attributes. Yet, the low earnings growth is a bit concerning, especially given that the company has a high rate of return and is reinvesting ma huge portion of its profits. By the looks of it, there could be some other factors, not necessarily in control of the business, that's preventing growth. With that said, we studied the latest analyst forecasts and found that while the company has shrunk its earnings in the past, analysts expect its earnings to grow in the future. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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| 28.02.25 04:40:21 |
There May Be Some Bright Spots In Knorr-Bremse's (ETR:KBX) Earnings |
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**Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!**
Shareholders appeared unconcerned with Knorr-Bremse AG's (ETR:KBX) lackluster earnings report last week. We think that the softer headline numbers might be getting counterbalanced by some positive underlying factors.
See our latest analysis for Knorr-Bremse XTRA:KBX Earnings and Revenue History February 28th 2025
Zooming In On Knorr-Bremse's Earnings
Many investors haven't heard of the accrual ratio from cashflow, but it is actually a useful measure of how well a company's profit is backed up by free cash flow (FCF) during a given period. The accrual ratio subtracts the FCF from the profit for a given period, and divides the result by the average operating assets of the company over that time. This ratio tells us how much of a company's profit is not backed by free cashflow.
That means a negative accrual ratio is a good thing, because it shows that the company is bringing in more free cash flow than its profit would suggest. While it's not a problem to have a positive accrual ratio, indicating a certain level of non-cash profits, a high accrual ratio is arguably a bad thing, because it indicates paper profits are not matched by cash flow. That's because some academic studies have suggested that high accruals ratios tend to lead to lower profit or less profit growth.
Knorr-Bremse has an accrual ratio of -0.30 for the year to December 2024. That implies it has very good cash conversion, and that its earnings in the last year actually significantly understate its free cash flow. To wit, it produced free cash flow of €1.0b during the period, dwarfing its reported profit of €445.5m. Knorr-Bremse shareholders are no doubt pleased that free cash flow improved over the last twelve months.
That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates.
Our Take On Knorr-Bremse's Profit Performance
Happily for shareholders, Knorr-Bremse produced plenty of free cash flow to back up its statutory profit numbers. Because of this, we think Knorr-Bremse's underlying earnings potential is as good as, or possibly even better, than the statutory profit makes it seem! On the other hand, its EPS actually shrunk in the last twelve months. The goal of this article has been to assess how well we can rely on the statutory earnings to reflect the company's potential, but there is plenty more to consider. So while earnings quality is important, it's equally important to consider the risks facing Knorr-Bremse at this point in time. You'd be interested to know, that we found 1 warning sign for Knorr-Bremse and you'll want to know about this.
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This note has only looked at a single factor that sheds light on the nature of Knorr-Bremse's profit. But there are plenty of other ways to inform your opinion of a company. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. While it might take a little research on your behalf, you may find this free collection of companies boasting high return on equity, or this list of stocks with significant insider holdings to be useful.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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