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German manufacturer of forklifts and warehouse automation systems, including the Dematic supply-chain automation unit.
German manufacturer of forklifts and warehouse automation systems, including the Dematic supply-chain automation unit.
Sells new trucks and automation systems, then keeps earning from servicing, spare parts, rental and financing on the fleet in use. Dematic installs warehouse systems on project contracts, which makes results lumpier than trucks. Weichai Power, a Chinese engine maker, is the largest shareholder.
Moat: narrow (installed base, brand, switching costs). Large installed forklift fleet plus Dematic automation integration create recurring service revenue.
Headquarters: Frankfurt, Germany · Founded: 2006 · Employees: 42,175
Size Kion (KGX.DE) is a Germany Industrials company (Industrial Machinery) with a market value of $5.05B, the 71st largest of 205 Germany companies the cockpit tracks. Shares closed at €34.32 on 6 Nov 2026.
Performance Over six months the shares fell 25.2%, against -11.7% for the median peer and +2.6% for the Germany market (cap-weighted) — 6th lowest of 20 in its peer set.
Growth Revenue grew 3.1% over the last twelve months (peer median +12.2%); the operating margin is 6.4% (peer median 15.7%).
Valuation It trades at 10.4× forward earnings against a peer median of 20.7× (cheapest of 20).
Capital Return on invested capital runs 3.5 points below its cost of capital (7.5% WACC).
Credit Kion has 2 bonds outstanding ($1.11B), rated BB+ by the agencies and trading like BBB- at a weighted spread of 124 bp.
Next results Next results expected around 4 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €11.6B | €11.3B | €11.5B | €11.4B | €11.1B |
| Revenue growth | — | -2% | +1% | +3% | — |
| Gross profit | €2.91B | €2.95B | €3.09B | €2.78B | €2.12B |
| EBITDA | €1.92B | €1.66B | €1.91B | €1.68B | €1.17B |
| Net income | €370M | €230M | €360M | €306M | €98.0M |
| Free cash flow | -€600,000 | €702M | €662M | €651M | -€746M |
| Capital expenditure | €381M | €396M | €463M | €443M | €383M |
| Total debt | €6.96B | €7.46B | €7.69B | €6.63B | €6.33B |
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 |
|---|---|---|---|---|---|---|
| Kion KGX.DE | $5.05B | -25% | +3% | 6% | 10.4× | n/a |
| Jungheinrich AG Pref JUN3.DE | $2.58B | -12% | +2% | 5% | 10.3× | -0.4% |
| Daifuku 6383.T | $10.9B | -33% | +21% | 15% | 18.9× | 14.7% |
| Hyster-Yale HY | $509M | -24% | -11% | -1% | n/a | 32.0% |
| Anhui Heli 600761.SS | $2.06B | -14% | +13% | 7% | 10.9× | -6.7% |
| Hangcha 603298.SS | $4.71B | -12% | +7% | 12% | 13.3× | 2.9% |
| SYM SYM | $22.3B | -30% | +20% | 1% | 101.9× | n/a |
| AutoStore AUTO.OL | $5.20B | +8% | +17% | 33% | 27.4× | 18.5% |
| 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 | KGX.DE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.5% | -14.7% | 7th highest of 21 |
| 6-month return | -25.2% | -11.7% | 6th lowest of 20 |
| Distance from 52-week high | -51.3% | -36.8% | 8th lowest of 21 |
| Revenue growth (TTM) | +3.1% | +12.2% | 6th lowest of 21 |
| Operating margin | 6.4% | 15.7% | 5th lowest of 21 |
| Forward P/E | 10.4× | 20.7× | cheapest of 20 |
| ROIC minus cost of capital | -3.5 pp | +1.6 pp | 6th lowest of 21 |
| EV / EBITDA | 5.8× | 16.9× | cheapest of 12 |
| Net debt / EBITDA | 3.4× | 0.3× | 4th most indebted of 13 |
| Bond spread | 124 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Kion KGX.DE | Germany | $5.05B | -25% | +3% | 6% | 10.4× | n/a | n/a |
| ESAB ESAB | United States | $5.15B | -18% | +11% | 13% | 14.0× | 12.7% | +7.8% |
| HOSHIZAKI 6465.T | Japan | $4.93B | +5% | +12% | 10% | 17.8× | -4.5% | +15.3% |
| Horiba 6856.T | Japan | $4.79B | -17% | +12% | 17% | 14.4× | 11.2% | +12.2% |
| LandMark Optoelectronics 3081.TWO | Taiwan | $5.38B | -32% | +105% | 38% | 54.3× | n/a | n/a |
| UBTECH ROBOTICS 9880.HK | Hong Kong | $4.73B | -41% | +90% | -21% | n/a | n/a | n/a |
| Rotork ROR.L | United Kingdom | $5.40B | +65% | +2% | 24% | 27.9× | 27.6% | +5.2% |
| AAON AAON | United States | $4.72B | -59% | +54% | 11% | 20.7× | n/a | n/a |
| Hangcha 603298.SS | China | $4.71B | -12% | +7% | 12% | 13.3× | 2.9% | +9.1% |
| Wuhan DR Laser Technology 300776.SZ | China | $4.69B | -24% | -23% | 19% | 37.9× | 51.8% | +13.6% |
| Circuit Fabology Microelectronics Equipment 9630.HK | Hong Kong | $4.68B | n/a | +103% | 27% | 36.1× | 8.5% | +34.4% |
| Zhejiang Shuanghuan Driveline 002472.SZ | China | $5.46B | +9% | +15% | 15% | 26.9× | 11.0% | +20.0% |
| Neway Valve (Suzhou) 603699.SS | China | $4.66B | -36% | +11% | 26% | 17.9× | 10.0% | +16.5% |
| Enpro NPO | United States | $5.47B | -16% | +16% | 16% | 23.2× | 26.1% | +1.3% |
| Renishaw RSW.L | United Kingdom | $4.61B | -7% | +14% | 16% | 18.5× | 24.8% | +7.5% |
| Rainbow Robotics 277810.KS | South Korea | $4.59B | -52% | +92% | -16% | 653.8× | n/a | n/a |
| Mycronic MYCR.ST | Sweden | $5.57B | -4% | +17% | 29% | 24.9× | 10.1% | +15.6% |
| Interpump IP.MI | Italy | $4.57B | +3% | +1% | 14% | 16.8× | 12.6% | +9.9% |
| Georg Fischer GF.SW | Switzerland | $5.65B | +32% | -20% | 3% | 19.9× | 29.2% | -1.2% |
| Alliance Laundry ALH | United States | $4.49B | -11% | +10% | 19% | 16.4× | 15.2% | +7.5% |
| Jusung Engineering 036930.KS | South Korea | $4.39B | +5% | -33% | 0% | 145.3× | n/a | n/a |
Kion has 2 bonds outstanding with $1.11B face value. The agencies rate it BB+; its bonds trade like BBB-. Weighted yield 4.22%, a spread of 124 bp over government bonds.