KONE is running steadily
By Erkki Vesola
Deviations in KONE’s Q1 figures from estimates were small but mainly positive. The company especially emphasized the improved margins of the order backlog. KONE fine-tuned its 2023 guidance and still relies on a recovery on the Chinese market. However, the valuation of the company's share is high, which is difficult to justify.
Kone
51.98
47.5
Reduce
Reduce
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.
Read more on company pageKey Estimate Figures27.04.2023
2022 | 23e | 24e | |
---|---|---|---|
Revenue | 10,906.7 | 11,109.6 | 11,697.5 |
growth-% | 3.73 % | 1.86 % | 5.29 % |
EBIT (adj.) | 1,076.6 | 1,244.4 | 1,488.0 |
EBIT-% (adj.) | 9.87 % | 11.20 % | 12.72 % |
EPS (adj.) | 1.59 | 1.89 | 2.21 |
Dividend | 1.75 | 1.75 | 1.80 |
Dividend % | 3.62 % | 3.71 % | 3.81 % |
P/E (adj.) | 30.46 | 24.93 | 21.36 |
EV/EBITDA | 18.22 | 16.53 | 13.21 |