Company Overview
Konecranes is a global leader in material handling solutions, providing innovative and sustainable products and services to customers across various industries. With over 100 years of experience, the company has established itself as a trusted partner for businesses seeking to optimize their operations and reduce costs. Konecranes mission is to create value for its customers, employees, and shareholders by delivering exceptional service, quality, and innovation.
The company's core values are built around its commitment to safety, sustainability, and customer satisfaction. Konecranes prioritizes the well-being of its employees, partners, and customers, while striving to minimize its environmental footprint through sustainable practices and responsible business operations.
Key Products/Services
Konecranes offers a comprehensive range of products and services designed to meet the evolving needs of its customers. Some of its key offerings include:
- Industrial Service: Providing expert maintenance, repair, and overhaul services for cranes and lifting equipment, as well as customized solutions for material handling and logistics.
- Industrial Equipment: Manufacturing a wide range of industrial hoists, cranes, and other lifting equipment designed to optimize productivity and safety in various industries.
- Port Solutions: Offering automated container handling equipment and services tailored to the needs of ports and terminals worldwide.
- Research and Technology Development: Investing heavily in R&D initiatives focused on emerging technologies like automation, AI, and IoT to drive innovation and customer benefits.
Konecranes' products and services are designed to enhance customer productivity, reduce costs, and improve safety, while also supporting sustainable practices and minimizing environmental impact.
Valuation
| 2022 | 2023 | 2024 | 2025 | 2026 (e) | 2027 (e) | 2028 (e) | |
|---|---|---|---|---|---|---|---|
| Number of Shares (million) | 79.1 | 79.1 | 79.1 | 79.2 | 237.6 | 237.6 | 237.6 |
| Target Valuation (MEur) | 2882.2 | 3718.9 | 4338.6 | 4509.3 | 3592.4 | 1989.9 | 1989.9 |
| Targer Price | 36.42 | 47.0 | 54.83 | 56.92 | 15.12 | 8.37 | 8.37 |
| Potential, % | 26.6 | 15.2 | -11.0 | 81.9 | -46.0 | -70.1 | -70.1 |
| Recommendation | Buy | Hold | Hold | Buy | Sell | Sell | Sell |
| MCAP (MEur) | 2275.9 | 3227.1 | 4874.7 | 2479.6 | 6654.0 | 6654.0 | 6654.0 |
| Price | 28.76 | 40.78 | 61.6 | 31.3 | 28.0 | 28.0 | 28.0 |
| EV | 2964.0 | 3593.0 | 5058.0 | 2316.0 | 6436.0 | 6126.0 | 5928.0 |
| P/S | 0.68 | 0.81 | 1.15 | 0.59 | 1.68 | 1.62 | 1.63 |
| EV/S | 0.88 | 0.91 | 1.2 | 0.55 | 1.62 | 1.49 | 1.45 |
| EV/EBIT | 10.59 | 8.92 | 9.89 | 4.27 | 12.97 | 18.62 | 21.75 |
| P/E | 12.38 | 11.71 | 13.23 | 6.2 | 17.4 | 25.29 | 30.52 |
| P/B | 1.59 | 2.02 | 2.62 | 1.19 | 2.95 | 2.65 | 2.43 |
| P/OCF | 34.12 | 5.79 | 9.92 | 4.35 | 21.75 | 18.44 | 26.79 |
| EV/OCF | 44.44 | 6.45 | 10.29 | 4.07 | 21.04 | 16.98 | 23.86 |
| P/FCF | 98.52 | 6.7 | 12.81 | 4.7 | 26.27 | 21.44 | 33.61 |
| EV/FCF | 128.32 | 7.46 | 13.29 | 4.39 | 25.41 | 19.74 | 29.94 |
Income Statement
| 2022 | 2023 | 2024 | 2025 | 2026 (e) | 2027 (e) | 2028 (e) | |
|---|---|---|---|---|---|---|---|
| Revenue | 3364.7 | 3966.2 | 4227.0 | 4187.8 | 3969.2 | 4101.5 | 4076.4 |
| Rev. Growth, % | 5.6 | 17.9 | 6.6 | -0.9 | -5.2 | 3.3 | -0.6 |
| Ebit | 279.9 | 402.6 | 511.4 | 542.4 | 496.1 | 328.9 | 272.5 |
| Ebit Growth, % | 27.2 | 43.8 | 27.0 | 6.1 | -8.5 | -33.7 | -17.1 |
| Ebit, % | 8.3 | 10.2 | 12.1 | 13.0 | 12.5 | 8.0 | 6.7 |
| Profit | 183.9 | 275.6 | 368.4 | 399.8 | 382.5 | 263.2 | 218.0 |
| EPS | 2.32 | 3.48 | 4.66 | 5.05 | 1.61 | 1.11 | 0.92 |
| Profit Growth, % | 24.8 | 49.9 | 33.7 | 8.5 | -4.3 | -31.2 | -17.2 |
| Profit, % | 5.5 | 6.9 | 8.7 | 9.5 | 9.6 | 6.4 | 5.3 |
Balance Sheet
| 2022 | 2023 | 2024 | 2025 | 2026 (e) | 2027 (e) | 2028 (e) | |
|---|---|---|---|---|---|---|---|
| Inventory | 992.7 | 995.9 | 946.3 | 913.4 | 1045.1 | 1072.1 | 1095.0 |
| Acc. Receivable | 585.6 | 587.5 | 643.6 | 579.5 | 586.9 | 581.7 | 581.4 |
| Cash | 413.9 | 586.6 | 710.0 | 631.9 | 620.2 | 930.6 | 1128.6 |
| Equity | 1432.9 | 1594.8 | 1857.7 | 2087.4 | 2252.4 | 2515.6 | 2733.6 |
| ROE, % | 12.8 | 17.3 | 19.8 | 19.2 | 17.0 | 10.5 | 8.0 |
| ROCE, % | 11.0 | 15.8 | 18.6 | 21.2 | 18.7 | 11.3 | 8.7 |
| Net Debt | 688.3 | 365.8 | 183.5 | -163.5 | -218.0 | -528.4 | -726.4 |
| Gearing, % | 48.0 | 22.9 | 9.9 | -7.8 | -9.7 | -21.0 | -26.6 |
| Equity ratio, % | 33.0 | 35.0 | 38.8 | 45.9 | 48.9 | 52.5 | 55.3 |
| Acc. Payable | 306.2 | 313.4 | 344.2 | 326.8 | 372.8 | 290.7 | 236.0 |
| Total Assets | 4340.6 | 4552.4 | 4788.3 | 4550.8 | 4609.4 | 4793.3 | 4947.6 |
| ROA, % | 4.2 | 6.1 | 7.7 | 8.8 | 8.3 | 5.5 | 4.4 |
Cash Flow
| 2022 | 2023 | 2024 | 2025 | 2026 (e) | 2027 (e) | 2028 (e) | |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 66.7 | 557.3 | 491.6 | 569.5 | 305.9 | 360.8 | 248.4 |
| Investment Cash Flow | -43.6 | -75.4 | -111.0 | -42.0 | -52.6 | -50.4 | -50.4 |
| Free Cash Flow | 23.1 | 481.9 | 380.6 | 527.5 | 253.3 | 310.4 | 198.0 |
| OCF/CAPEX | 1.53 | 7.39 | 4.43 | 13.56 | 5.82 | 7.16 | 4.93 |
| Financial Cash Flow | 69.1 | -303.6 | -256.8 | -591.2 | -268.2 | 0.0 | 0.0 |
Disclaimer
Risk Disclosure: Trading in financial instruments involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
The data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
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