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KION GROUP

SWX:KGX
Snowflake Description

Fair value second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KGX
SWX
€7B
Market Cap
  1. Home
  2. CH
  3. Capital Goods
Company description

KION GROUP AG provides industrial trucks, warehouse technology, supply chain solutions, and related services worldwide. The last earnings update was 25 days ago. More info.


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KGX Share Price and Events
7 Day Returns
0%
SWX:KGX
-0.3%
CH Machinery
-0%
CH Market
1 Year Returns
-4.7%
SWX:KGX
14.4%
CH Machinery
13.3%
CH Market
KGX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
KION GROUP (KGX) 0% 0% 0% -4.7% -3.3% 60.7%
CH Machinery -0.3% 7.6% 15.7% 14.4% 26.5% 41.5%
CH Market -0% 3.2% 4.8% 13.3% 21.9% 13%
1 Year Return vs Industry and Market
  • KGX underperformed the Machinery industry which returned 14.4% over the past year.
  • KGX underperformed the Market in Switzerland which returned 13.3% over the past year.
Price Volatility
KGX
Industry
5yr Volatility vs Market

Value

 Is KION GROUP undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of KION GROUP to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for KION GROUP.

SWX:KGX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 17 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11%
Perpetual Growth Rate 10-Year CH Government Bond Rate 3.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SWX:KGX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CH Govt Bond Rate 3.3%
Equity Risk Premium S&P Global 6%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.078 (1 + (1- 30%) (48.16%))
1.296
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.3
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.28% + (1.296 * 5.96%)
11%

Discounted Cash Flow Calculation for SWX:KGX using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for KION GROUP is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

SWX:KGX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 11%)
2020 542.35 Analyst x10 488.61
2021 525.37 Analyst x10 426.40
2022 527.40 Analyst x1 385.63
2023 554.80 Analyst x1 365.47
2024 563.10 Est @ 1.5% 334.18
2025 574.53 Est @ 2.03% 307.17
2026 588.33 Est @ 2.4% 283.38
2027 604.01 Est @ 2.66% 262.10
2028 621.21 Est @ 2.85% 242.85
2029 639.70 Est @ 2.98% 225.30
Present value of next 10 years cash flows €3,321.00
SWX:KGX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €639.70 × (1 + 3.28%) ÷ (11% – 3.28%)
€8,552.49
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €8,552.49 ÷ (1 + 11%)10
€3,012.15
SWX:KGX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €3,321.00 + €3,012.15
€6,333.15
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €6,333.15 / 117.88
€53.73
SWX:KGX Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in SWX:KGX represents 0.93138x of XTRA:KGX
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.93138x
Value per Share
(Listing Adjusted, CHF)
= Value per Share (EUR) x Listing Adjustment Factor
= € 53.73 x 0.93138
CHF50.04
Value per share (CHF) From above. CHF50.04
Current discount Discount to share price of CHF55.92
= -1 x (CHF55.92 - CHF50.04) / CHF50.04
-11.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of KION GROUP is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for KION GROUP's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are KION GROUP's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SWX:KGX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in EUR €4.18
XTRA:KGX Share Price ** XTRA (2019-11-18) in EUR €60.04
Switzerland Machinery Industry PE Ratio Median Figure of 25 Publicly-Listed Machinery Companies 23.34x
Switzerland Market PE Ratio Median Figure of 171 Publicly-Listed Companies 19.23x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of KION GROUP.

SWX:KGX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XTRA:KGX Share Price ÷ EPS (both in EUR)

= 60.04 ÷ 4.18

14.35x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • KION GROUP is good value based on earnings compared to the CH Machinery industry average.
  • KION GROUP is good value based on earnings compared to the Switzerland market.
Price based on expected Growth
Does KION GROUP's expected growth come at a high price?
Raw Data
SWX:KGX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.35x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts
5.4%per year
Switzerland Machinery Industry PEG Ratio Median Figure of 23 Publicly-Listed Machinery Companies 1.18x
Switzerland Market PEG Ratio Median Figure of 124 Publicly-Listed Companies 2.17x

*Line of best fit is calculated by linear regression .

SWX:KGX PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.35x ÷ 5.4%

2.68x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • KION GROUP is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on KION GROUP's assets?
Raw Data
SWX:KGX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in EUR €28.81
XTRA:KGX Share Price * XTRA (2019-11-18) in EUR €60.04
Switzerland Machinery Industry PB Ratio Median Figure of 25 Publicly-Listed Machinery Companies 2.3x
Switzerland Market PB Ratio Median Figure of 214 Publicly-Listed Companies 1.66x
SWX:KGX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:KGX Share Price ÷ Book Value per Share (both in EUR)

= 60.04 ÷ 28.81

2.08x

* Primary Listing of KION GROUP.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • KION GROUP is good value based on assets compared to the CH Machinery industry average.
X
Value checks
We assess KION GROUP's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. KION GROUP has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is KION GROUP expected to perform in the next 1 to 3 years based on estimates from 17 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
5.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is KION GROUP expected to grow at an attractive rate?
  • KION GROUP's earnings growth is expected to exceed the low risk savings rate of 3.3%.
Growth vs Market Checks
  • KION GROUP's earnings growth is positive but not above the Switzerland market average.
  • KION GROUP's revenue growth is positive but not above the Switzerland market average.
Annual Growth Rates Comparison
Raw Data
SWX:KGX Future Growth Rates Data Sources
Data Point Source Value (per year)
SWX:KGX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts 5.4%
SWX:KGX Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 17 Analysts 2.9%
Switzerland Machinery Industry Earnings Growth Rate Market Cap Weighted Average 14.5%
Switzerland Machinery Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
Switzerland Market Earnings Growth Rate Market Cap Weighted Average 9.9%
Switzerland Market Revenue Growth Rate Market Cap Weighted Average 3.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SWX:KGX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SWX:KGX Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 9,741 3
2022-12-31 9,450 634 4
2021-12-31 9,008 867 497 15
2020-12-31 8,711 827 460 17
2019-12-31 8,623 729 455 17
2019-11-18
SWX:KGX Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-09-30 8,750 744 493
2019-06-30 8,485 731 471
2019-03-31 8,236 835 424
2018-12-31 7,996 766 400
2018-09-30 7,734 640 444
2018-06-30 7,670 578 425
2018-03-31 7,640 650 450
2017-12-31 7,598 712 421
2017-09-30 7,374 562 306
2017-06-30 6,825 576 294
2017-03-31 6,168 506 253
2016-12-31 5,587 414 246

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • KION GROUP's earnings are expected to grow by 5.4% yearly, however this is not considered high growth (20% yearly).
  • KION GROUP's revenue is expected to grow by 2.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SWX:KGX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below

All data from KION GROUP Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:KGX Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 4.27 4.74 3.85 13.00
2020-12-31 3.93 4.43 3.53 15.00
2019-12-31 3.87 4.12 3.64 14.00
2019-11-18
SWX:KGX Past Financials Data
Date (Data in EUR Millions) EPS *
2019-09-30 4.18
2019-06-30 4.00
2019-03-31 3.60
2018-12-31 3.39
2018-09-30 3.77
2018-06-30 3.61
2018-03-31 3.86
2017-12-31 3.68
2017-09-30 2.74
2017-06-30 2.69
2017-03-31 2.39
2016-12-31 2.38

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • KION GROUP is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess KION GROUP's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Switzerland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Switzerland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
KION GROUP has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has KION GROUP performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare KION GROUP's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • KION GROUP has delivered over 20% year on year earnings growth in the past 5 years.
  • KION GROUP's 1-year earnings growth is less than its 5-year average (11% vs 22.4%)
  • KION GROUP's earnings growth has exceeded the CH Machinery industry average in the past year (11% vs 2.7%).
Earnings and Revenue History
KION GROUP's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from KION GROUP Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:KGX Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 8,749.60 493.30 1,471.20 146.90
2019-06-30 8,485.40 471.40 1,423.00 142.90
2019-03-31 8,235.80 424.00 1,394.10 139.30
2018-12-31 7,995.70 399.90 1,372.00 137.70
2018-09-30 7,733.70 444.30 1,323.80 135.10
2018-06-30 7,670.20 425.40 1,320.40 140.40
2018-03-31 7,640.40 450.20 1,302.10 137.50
2017-12-31 7,598.10 420.90 1,294.40 137.00
2017-09-30 7,374.20 306.20 1,295.40 132.30
2017-06-30 6,825.00 294.00 1,237.70 115.10
2017-03-31 6,167.60 252.80 1,177.70 106.20
2016-12-31 5,587.20 245.50 1,091.20 96.50
2016-09-30 5,288.40 236.40 1,051.70 51.40
2016-06-30 5,241.60 220.10 1,028.30 66.30
2016-03-31 5,153.70 208.50 1,000.60 80.40
2015-12-31 5,097.90 217.10 990.10 89.70
2015-09-30 4,962.80 201.80 960.00 144.00
2015-06-30 4,865.40 209.60 947.70 138.20
2015-03-31 4,753.80 190.20 932.60 130.20
2014-12-31 4,677.90 176.70 913.40 125.70
2014-09-30 4,550.20 174.80 881.50 112.70
2014-06-30 4,493.50 129.10 859.70 113.00
2014-03-31 4,498.30 138.20 850.00 113.70
2013-12-31 4,494.60 138.80 846.90 113.60
2013-09-30 4,604.60 207.60 882.80 121.80
2013-06-30 4,650.60 203.70 900.10 121.20
2013-03-31 4,667.50 171.29 894.20 120.77
2012-12-31 4,726.70 159.30 895.50 124.50

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • KION GROUP has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • KION GROUP used its assets less efficiently than the CH Machinery industry average last year based on Return on Assets.
  • KION GROUP's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess KION GROUP's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
KION GROUP has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is KION GROUP's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up KION GROUP's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • KION GROUP's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • KION GROUP's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of KION GROUP's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from KION GROUP Company Filings, last reported 1 month ago.

SWX:KGX Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 3,396.80 2,715.30 230.60
2019-06-30 3,300.50 2,793.60 267.30
2019-03-31 3,422.20 2,494.30 243.60
2018-12-31 3,305.00 2,053.10 215.10
2018-09-30 3,152.60 2,399.30 252.90
2018-06-30 3,046.80 2,467.90 275.20
2018-03-31 3,014.80 2,339.10 337.60
2017-12-31 2,992.30 2,270.60 231.90
2017-09-30 3,019.50 2,512.30 297.80
2017-06-30 2,979.10 2,490.60 157.00
2017-03-31 2,560.00 3,193.90 424.40
2016-12-31 2,495.70 3,183.00 330.00
2016-09-30 2,154.10 427.70 230.20
2016-06-30 1,690.50 805.60 84.30
2016-03-31 1,807.70 743.40 163.80
2015-12-31 1,848.80 676.50 140.80
2015-09-30 1,766.20 970.40 276.70
2015-06-30 1,753.20 938.40 250.20
2015-03-31 1,631.50 930.10 280.10
2014-12-31 1,647.10 909.70 161.10
2014-09-30 1,616.00 1,140.30 298.20
2014-06-30 1,583.60 1,200.60 292.50
2014-03-31 1,602.10 1,158.20 259.60
2013-12-31 1,610.00 1,198.60 257.40
2013-09-30 1,574.50 1,287.20 361.00
2013-06-30 1,583.50 2,219.30 1,355.90
2013-03-31 723.10 2,358.56 660.63
2012-12-31 660.70 2,352.50 562.60
  • KION GROUP's level of debt (79.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (70.4% vs 79.9% today).
  • Debt is well covered by operating cash flow (27.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 10.8x coverage).
X
Financial health checks
We assess KION GROUP's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. KION GROUP has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is KION GROUP's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2%
Current annual income from KION GROUP dividends. Estimated to be 2.26% next year.
If you bought CHF2,000 of KION GROUP shares you are expected to receive CHF40 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • KION GROUP's pays a higher dividend yield than the bottom 25% of dividend payers in Switzerland (1.85%).
  • KION GROUP's dividend is below the markets top 25% of dividend payers in Switzerland (3.6%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SWX:KGX Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
Switzerland Machinery Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 2.2%
Switzerland Market Average Dividend Yield Market Cap Weighted Average of 163 Stocks 2.9%
Switzerland Minimum Threshold Dividend Yield 10th Percentile 1.2%
Switzerland Bottom 25% Dividend Yield 25th Percentile 1.8%
Switzerland Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SWX:KGX Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 1.90 1.00
2021-12-31 1.42 16.00
2020-12-31 1.33 18.00
2019-12-31 1.31 17.00
2019-11-18
SWX:KGX Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-05-09 1.200 2.389
2018-03-01 0.990 1.748
2017-03-02 0.800 1.159
2016-05-12 0.770 1.486
2015-05-12 0.550 1.269
2014-03-25 0.350 1.078

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, KION GROUP has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but KION GROUP only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of KION GROUP's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.2x coverage).
X
Income/ dividend checks
We assess KION GROUP's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can KION GROUP afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. KION GROUP has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of KION GROUP's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Köln Riske
COMPENSATION €4,465,000
AGE 62
TENURE AS CEO 6.8 years
CEO Bio

Mr. Gordon Riske, also known as Köln, has been the Chief Executive Officer of Kion Group GmbH at KION Baoli (Jiangsu) Forklift Co., Ltd. since April 2008. Mr. Riske has been the Chief Executive Officer of KION GROUP AG since 2013 and served as its Chairman of the Executive Board. He serves as Chief Executive Officer at Linde Material Handling GmbH since January 2015 and its Member of Management Board. He serves as the Chairman of the Executive Board at Kion Group GmbH and has been its Member of the Group Executive Board since October 01, 2007. Mr. Riske serves as the Chief Executive Officer of Still Gmbh since January 15, 2015 and also served as its Member of Management Board. He served as an Acting Chief Operating Officer of Kion Group GmbH from May 1, 2009 to November 2009. He served as the Chief Executive Officer of Linde Material Handling GmbH from October 1, 2007 to May 1, 2009. He served as the Chairman of Management Board, Chief Executive Officer and Member of the management board of Deutz AG until September 30, 2007. He served as Managing Director of the Management Board at KUKA Roboter GmbH. He has been the Chairman of Agidens International NV since August 7, 2015. He served as the Chairman of the Supervisory Board at Linde Material Handling GmbH. Mr. Riske served as the Chairman of Darmstadt Deutz Corporation, Atlanta (USA) and DEUTZ FRANCE S. A. Gennevilliers (France). He served as of the Supervisory Board at STILL GmbH and serves as its Member of the supervisory board. He has been a Non-Executive Director at Weichai Power Co. Ltd. since June 24, 2013. He serves as Member of Economic Advisory Board of Fraport AG. He serves as a Member of the Supervisory Board of Draeger Safety Inc., Dräger Medical AG&Co.KGaA, Lübeck and KHD Humboldt Wedag AG, Cologne. He served as a Member of Supervisory Board of Isra Vision AG from March 16, 2000 to July 2007. He served as a Member of Supervisory Board of Dragerwerk AG & Co. KGaA until May 2008. Mr. Riske studied Electrical Engineering at the Lawrence Institute of Technology, Southfield, Michigan and has a BBA from GSBA, Zurich.

CEO Compensation
  • Köln's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Köln's remuneration is higher than average for companies of similar size in Switzerland.
Management Team Tenure

Average tenure and age of the KION GROUP management team in years:

4.8
Average Tenure
51.5
Average Age
  • The tenure for the KION GROUP management team is about average.
Management Team

Köln Riske

TITLE
CEO & Member of Executive Board
COMPENSATION
€4M
AGE
62
TENURE
6.8 yrs

Anke Groth

TITLE
CFO, Labor Relations Director & Member of Executive Board
COMPENSATION
€2M
AGE
49
TENURE
1.4 yrs

Pong Ching

TITLE
Chief Asia Pacific Officer & Member of Executive Board
COMPENSATION
€3M
AGE
52
TENURE
6.8 yrs

Eike Böhm

TITLE
CTO & Member of Executive Board
COMPENSATION
€2M
AGE
57
TENURE
4.3 yrs

Susanna Schneeberger

TITLE
Member of Executive Board & Chief Digital Officer
COMPENSATION
€2M
AGE
46
TENURE
1.1 yrs

Karoline Jung-Senssfelder

TITLE
Senior VP of Corporate Strategy & Investor Relations

Joachim Kaffanke

TITLE
Head of Legal & Corporate Office

Michael Hauger

TITLE
Senior Vice President of Corporate Communications

Christian Harm

TITLE
Executive Vice President of Corporate Strategy
AGE
51
TENURE
7.8 yrs

Vincent Halma

TITLE
Chief Executive Officer of Kion North America
TENURE
4.8 yrs
Board of Directors Tenure

Average tenure and age of the KION GROUP board of directors in years:

4.8
Average Tenure
58.5
Average Age
  • The tenure for the KION GROUP board of directors is about average.
Board of Directors

Michael Macht

TITLE
Chairman of the Supervisory Board
COMPENSATION
€15K
AGE
59
TENURE
0.5 yrs

Özcan Pancarci

TITLE
Deputy Chairman of Supervisory Board
COMPENSATION
€136K
AGE
50
TENURE
3.8 yrs

Hans Ring

TITLE
Deputy Chairman of Supervisory Board
COMPENSATION
€128K
AGE
68
TENURE
1.5 yrs

Alex Dibelius

TITLE
Member of Supervisory Board
COMPENSATION
€77K
AGE
60
TENURE
12.7 yrs

Alexandra Schädler

TITLE
Employee Representative Member of Supervisory Board
COMPENSATION
€105K
AGE
48
TENURE
6.1 yrs

Kui Jiang

TITLE
Member of Supervisory Board
COMPENSATION
€77K
AGE
55
TENURE
6.9 yrs

Xuguang Tan

TITLE
Member of Supervisory Board
COMPENSATION
€47K
AGE
58
TENURE
0.5 yrs

Olaf Kunz

TITLE
Employee Representative Member of Supervisory Board
COMPENSATION
€80K
AGE
59
TENURE
5.2 yrs

Birgit Behrendt

TITLE
Member of Supervisory Board
COMPENSATION
€64K
AGE
60
TENURE
4.8 yrs

Ping Xu

TITLE
Member of Supervisory Board
COMPENSATION
€63K
AGE
47
TENURE
4.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CHF) Value (CHF)
X
Management checks
We assess KION GROUP's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. KION GROUP has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

KION GROUP AG provides industrial trucks, warehouse technology, supply chain solutions, and related services worldwide. The company operates through Industrial Trucks and Services, and Supply Chain Solutions segments. It develops, manufactures, and sells forklifts and warehouse trucks, such as counterbalance trucks with electric drive and internal combustion engine, ride-on and hand-operated industrial trucks, towing vehicles, and automated trucks and autonomous trucks under the Linde, Fenwick, STILL, OM STILL, Baoli, and OM Voltas brands. The company also manufactures and sells spare parts; leases industrial trucks and related items; offers maintenance and repair services; and finances long-term leases. In addition, it provides integrated technology and software solutions, including conveyors, sorters, storage and retrieval systems, picking equipment, palletisers, and robotic solutions under the Dematic brand name. The company was formerly known as KION Holding 1 GmbH. KION GROUP AG was founded in 2006 and is headquartered in Frankfurt am Main, Germany.

Details
Name: KION GROUP AG
KGX
Exchange: SWX
Founded: 2006
€7,763,052,020
117,878,116
Website: http://www.kiongroup.com
Address: KION GROUP AG
Thea-Rasche-Strasse 8,
Frankfurt am Main,
Hessen, 60549,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA KGX Bearer Shares XETRA Trading Platform DE EUR 28. Jun 2013
OTCPK KNNG.F Bearer Shares Pink Sheets LLC US USD 28. Jun 2013
DB KGX Bearer Shares Deutsche Boerse AG DE EUR 28. Jun 2013
LSE 0QFU Bearer Shares London Stock Exchange GB EUR 28. Jun 2013
SWX KGX Bearer Shares SIX Swiss Exchange CH CHF 28. Jun 2013
WBAG KGX Bearer Shares Wiener Boerse AG AT EUR 28. Jun 2013
BMV KGX N Bearer Shares Bolsa Mexicana de Valores MX MXN 28. Jun 2013
BATS-CHIXE KGXD Bearer Shares BATS 'Chi-X Europe' GB EUR 28. Jun 2013
OTCPK KIGR.Y UNSP ADR EA REPR 0.25 ORD Pink Sheets LLC US USD 21. Jul 2015
DB KGX1 UNSP ADR EA REPR 0.25 ORD Deutsche Boerse AG DE EUR 21. Jul 2015
Number of employees
Current staff
Staff numbers
34,438
KION GROUP employees.
Industry
Construction Machinery and Heavy Trucks
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/18 22:03
End of day share price update: 2019/11/18 00:00
Last estimates confirmation: 2019/11/15
Last earnings filing: 2019/10/24
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.