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German maker of forklift trucks, warehouse equipment and automated intralogistics systems for material handling.
German maker of forklift trucks, warehouse equipment and automated intralogistics systems for material handling.
Sells forklifts outright, but also rents and leases them with maintenance, so a substantial part comes from service and financing contracts that continue after the truck is delivered. The listed preference shares carry no vote; the founding family keeps control through the voting ordinary shares.
In one line: A German Toyota Material Handling/Hyster-Yale competitor.
Moat: narrow (installed base, distribution, switching costs). Strong European sales/service network and financing arm create switching costs, but faces global forklift-market competition.
Headquarters: Hamburg, Germany · Founded: 1953 · Employees: 21,438
Size Jungheinrich AG Pref (JUN3.DE) is a Germany Industrials company (Industrial Machinery) with a market value of $2.58B, the 95th largest of 205 Germany companies the cockpit tracks. Shares closed at €22.58 on 6 Nov 2026.
Performance Over six months the shares fell 11.7%, against -22.4% for the median peer and +2.6% for the Germany market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue grew 1.6% over the last twelve months (peer median +16.8%); the operating margin is 5.4% (peer median 8.4%).
Valuation It trades at 10.3× forward earnings against a peer median of 24.2× (cheapest of 17).
Price implies For today's price to make sense, revenue must grow about 0% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -8 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.1 points below its cost of capital (10.3% WACC).
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €5.51B | €5.50B | €5.39B | €5.55B | €4.76B |
| Revenue growth | — | +2% | -3% | +16% | — |
| Gross profit | €1.75B | €1.77B | €1.72B | €1.73B | €1.49B |
| EBITDA | €780M | €838M | €891M | €874M | €778M |
| Net income | €37.8M | €104M | €289M | €299M | €269M |
| Free cash flow | €300M | €346M | €440M | €388M | -€203M |
| Capital expenditure | €145M | €145M | €138M | €135M | €103M |
| Total debt | n/a | €676M | €681M | €924M | €610M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Jungheinrich AG Pref JUN3.DE | $2.58B | -12% | +2% | 5% | 10.3× | -0.4% |
| Kion KGX.DE | $5.05B | -25% | +3% | 6% | 10.4× | n/a |
| Hyster-Yale HY | $509M | -24% | -11% | -1% | n/a | 32.0% |
| Hangcha 603298.SS | $4.71B | -12% | +7% | 12% | 13.3× | 2.9% |
| Anhui Heli 600761.SS | $2.06B | -14% | +13% | 7% | 10.9× | -6.7% |
| Daifuku 6383.T | $10.9B | -33% | +21% | 15% | 18.9× | 14.7% |
| Manitou BF MTU.PA | $882M | -6% | +8% | 6% | 8.6× | -3.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | JUN3.DE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +7.2% | -10.1% | 2nd highest of 21 |
| 6-month return | -11.7% | -22.4% | 5th highest of 21 |
| Distance from 52-week high | -40.8% | -41.6% | 11th highest of 21 |
| Revenue growth (TTM) | +1.6% | +16.8% | 6th lowest of 21 |
| Operating margin | 5.4% | 8.4% | 6th lowest of 21 |
| Forward P/E | 10.3× | 24.2× | cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | -0.4% | 16.5% | 2nd least demanding of 13 |
| Growth delivered (Del g) | +7.6% | +12.2% | 4th lowest of 13 |
| Hurdle (Req g minus delivered) | -8.0 pp | +4.4 pp | 2nd least demanding of 13 |
| ROIC minus cost of capital | -2.1 pp | +0.1 pp | 7th lowest of 21 |
| EV / EBITDA | 2.9× | 22.4× | cheapest of 12 |
| Net debt / EBITDA | -0.0× | 0.2× | 6th least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Jungheinrich AG Pref JUN3.DE | Germany | $2.58B | -12% | +2% | 5% | 10.3× | -0.4% | +7.6% |
| Harmonic Drive Systems 6324.T | Japan | $2.60B | -18% | +12% | 7% | 62.4× | n/a | n/a |
| CECO Environmental CECO | United States | $2.56B | -47% | +38% | 6% | 16.5× | n/a | n/a |
| China Baoan 000009.SZ | China | $2.56B | -23% | +26% | 7% | n/a | n/a | n/a |
| Dmg Mori 6141.T | Japan | $2.53B | -13% | +20% | 4% | 23.5× | 12.9% | +9.4% |
| Shanghai Zhenhua Heavy Industries 600320.SS | China | $2.64B | -21% | +6% | 5% | 20.4× | -4.9% | +9.7% |
| All Ring Tech 6187.TWO | Taiwan | $2.52B | -36% | +1% | 29% | 25.0× | 26.4% | +28.9% |
| Dongguan Yiheda Automation 301029.SZ | China | $2.65B | -2% | +31% | 18% | 27.1× | 21.6% | +19.5% |
| Guangdong Dongfang Precision Science & Technology 002611.SZ | China | $2.50B | -19% | -16% | 8% | 20.2× | 17.8% | +12.4% |
| Guangzhou Haozhi Industrial 300503.SZ | China | $2.70B | -8% | +55% | 20% | n/a | n/a | n/a |
| Beijing Jingyi Automation Equipment 688652.SS | China | $2.73B | -10% | +34% | 9% | 77.6× | 49.0% | +32.4% |
| Timken India TIMKEN.NS | India | $2.43B | -12% | +19% | 16% | 46.1× | 36.2% | +19.8% |
| Japan Steel Works 5631.T | Japan | $2.41B | -46% | -1% | 10% | 17.0× | n/a | n/a |
| Nabtesco 6268.T | Japan | $2.77B | -28% | -8% | 9% | 17.6× | 7.8% | +2.0% |
| Doosan Robotics 454910.KS | South Korea | $2.41B | -54% | +97% | -91% | n/a | n/a | n/a |
| Munters MTRS.ST | Sweden | $2.40B | -34% | 0% | 9% | 26.2× | 12.4% | +16.0% |
| Wonik IPS 240810.KS | South Korea | $2.39B | -43% | +9% | 8% | 14.7× | 29.4% | -3.6% |
| Amber Enterprises India AMBER.NS | India | $2.39B | -28% | +15% | 5% | 59.6× | n/a | n/a |
| Yantai Eddie Precision Machinery 603638.SS | China | $2.38B | -22% | +35% | 16% | 28.8× | 15.1% | +7.3% |
| ROBOTIS 108490.KS | South Korea | $2.37B | -30% | +52% | -16% | n/a | n/a | n/a |
| Organo 6368.T | Japan | $2.36B | -14% | +10% | 19% | 12.1× | 12.8% | +12.0% |