Kone
50.12
EUR
+0.85 %
KNEBV
NASDAQ Helsinki
Industrial Goods & Services
Industrials
16,108 following
+0.85%
-0.6%
+1.07%
+5.89%
+10.98%
+22.21%
-16.77%
-10.18%
+784.93%
www.kone.com/en/investors
Kone is a manufacturer of elevators, escalators and automatic doors. Examples of other associated products and systems that the company provides include barriers, docking systems and traffic gates. Today, the company's products are resold in all global regions via authorized resellers. Kone was originally founded in 1910 and is headquartered in Espoo.
P/E (adj.) (24e)
26.06
EV/EBIT (adj.) (24e)
19.41
P/B (24e)
9.23
Dividend yield-% (24e)
3.59 %
Target price
55.00 EUR
Recommendation
Accumulate
Updated
27.10.2024
NASDAQ Helsinki
KNEBV
Daily low / high price
49.74 / 50.36
EUR
Market cap
26.53B EUR
Turnover
23.35M EUR
Volume
466K
Business risk
Valuation risk
Current
Previous
Latest research
Analyst
Erkki Vesola
Analyst
Latest videos
Financial calendar
Annual report
30.01.2025
General meeting
05.03.2025
Interim report
30.04.2025
Interim report
18.07.2025
Interim report
23.10.2025
Income statement
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 9,938.6 | 10,514.2 | 10,906.6 | 10,952.3 | 11,085.5 | 11,636.4 | 12,355.0 | 13,048.7 |
| growth-% | -0.4 % | 5.8 % | 3.7 % | 0.4 % | 1.2 % | 5.0 % | 6.2 % | 5.6 % |
| EBITDA | 1,451.9 | 1,539.3 | 1,290.5 | 1,469.5 | 1,575.8 | 1,795.9 | 1,948.6 | 2,065.1 |
| EBIT (adj.) | 1,250.5 | 1,309.8 | 1,076.6 | 1,248.4 | 1,286.9 | 1,505.1 | 1,645.4 | 1,750.0 |
| EBIT | 1,212.9 | 1,295.3 | 1,031.2 | 1,200.1 | 1,286.9 | 1,505.1 | 1,645.4 | 1,750.0 |
| Profit before taxes | 1,224.3 | 1,320.8 | 1,028.5 | 1,206.2 | 1,297.6 | 1,518.9 | 1,664.1 | 1,775.8 |
| Net income | 939.3 | 1,014.2 | 774.5 | 925.8 | 994.7 | 1,163.2 | 1,274.5 | 1,360.1 |
| EPS (adj.) | 1.87 | 1.98 | 1.59 | 1.88 | 1.92 | 2.25 | 2.46 | 2.63 |
| growth-% | 0.2 % | 6.2 % | -20.0 % | 18.8 % | 2.1 % | 16.9 % | 9.6 % | 6.7 % |
| Dividend | 2.25 | 2.10 | 1.75 | 1.75 | 1.80 | 1.90 | 2.10 | 2.63 |
| Dividend ratio | 124.1 % | 107.1 % | 116.7 % | 97.7 % | 93.5 % | 84.4 % | 85.2 % | 100.0 % |
Profitability and return on capital
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| EBITDA-% | 14.6 % | 14.6 % | 11.8 % | 13.4 % | 14.2 % | 15.4 % | 15.8 % | 15.8 % |
| EBIT-% (adj.) | 12.6 % | 12.5 % | 9.9 % | 11.4 % | 11.6 % | 12.9 % | 13.3 % | 13.4 % |
| EBIT-% | 12.2 % | 12.3 % | 9.5 % | 11.0 % | 11.6 % | 12.9 % | 13.3 % | 13.4 % |
| ROE | 29.6 % | 31.9 % | 25.8 % | 33.1 % | 35.8 % | 39.7 % | 40.0 % | 39.2 % |
| ROI | 32.3 % | 34.6 % | 28.4 % | 35.4 % | 37.2 % | 41.8 % | 44.4 % | 45.8 % |
Valuation
| 2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
|---|---|---|---|---|---|---|---|---|
| Share price (EUR) | 66.46 | 63.04 | 48.30 | 45.16 | 50.12 | 50.12 | 50.12 | 50.12 |
| Shares | 518.4 | 518.0 | 517.1 | 517.2 | 517.2 | 517.2 | 517.2 | 517.2 |
| Market cap | 34,452.2 | 32,652.4 | 24,975.4 | 23,358.4 | 25,923.9 | 25,923.9 | 25,923.9 | 25,923.9 |
| Enterprise value | 32,476.7 | 30,466.6 | 23,644.7 | 22,323.3 | 24,984.3 | 24,747.9 | 24,453.0 | 24,183.2 |
| EV/S | 3.3 | 2.9 | 2.2 | 2.0 | 2.3 | 2.1 | 2.0 | 1.9 |
| EV/EBITDA | 22.4 | 19.8 | 18.3 | 15.2 | 15.9 | 13.8 | 12.5 | 11.7 |
| EV/EBIT (adj.) | 26.0 | 23.3 | 22.0 | 17.9 | 19.4 | 16.4 | 14.9 | 13.8 |
| EV/EBIT | 26.8 | 23.5 | 22.9 | 18.6 | 19.4 | 16.4 | 14.9 | 13.8 |
| P/E (adj.) | 35.6 | 31.8 | 30.5 | 24.0 | 26.1 | 22.3 | 20.3 | 19.1 |
| P/E | 36.7 | 32.2 | 32.2 | 25.2 | 26.1 | 22.3 | 20.3 | 19.1 |
| P/B | 10.9 | 10.3 | 8.8 | 8.5 | 9.2 | 8.5 | 7.8 | 7.2 |
| P/S | 3.5 | 3.1 | 2.3 | 2.1 | 2.3 | 2.2 | 2.1 | 2.0 |
| Dividend yield | 3.4 % | 3.3 % | 3.6 % | 3.9 % | 3.6 % | 3.8 % | 4.2 % | 5.3 % |
| Equity ratio | 45.5 % | 41.2 % | 40.3 % | 40.9 % | 41.5 % | 43.8 % | 46.3 % | 48.6 % |
| Gearing ratio | -61.1 % | -67.6 % | -45.7 % | -36.4 % | -32.2 % | -37.3 % | -42.7 % | -46.8 % |
Quarter data
| Q4/23 | 2023 | Q1/24 | Q2/24 | Q3/24 | Q4/24e | 2024e | Q1/25e | Q2/25e | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,809.9 | 10,952.3 | 2,568.2 | 2,801.1 | 2,753.5 | 2,962.8 | 11,085.5 | 2,640.6 | 2,928.1 |
| EBITDA | 434.5 | 1,469.5 | 333.9 | 405.2 | 392.9 | 443.8 | 1,575.8 | 347.8 | 465.4 |
| EBIT | 362.2 | 1,200.1 | 262.4 | 334.6 | 319.5 | 370.4 | 1,286.9 | 275.1 | 392.7 |
| Profit before taxes | 360.7 | 1,206.2 | 265.7 | 336.8 | 322.1 | 373.0 | 1,297.6 | 278.5 | 396.1 |
| Net income | 273.4 | 925.8 | 203.0 | 258.6 | 246.9 | 286.2 | 994.7 | 214.4 | 305.0 |
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KONE Oyj: KONE Corporation: Notice pursuant to the Finnish Securities Market Act, Chapter 9, Section 10
KONE Oyj: KONE Corporation: Notice pursuant to the Finnish Securities Market Act, Chapter 9, Section 10
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KONE Oyj: KONE Corporation: Notice pursuant to the Finnish Securities Market Act, Chapter 9, Section 10
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