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Austrian-German maker of embedded computing hardware and IoT/edge devices used in industrial, transport and communications systems.
Austrian-German maker of embedded computing hardware and IoT/edge devices used in industrial, transport and communications systems.
Designs boards and modules for customers' products and then supplies the same parts for years, so a design win turns into long-running orders, while software and project services for rail, energy and industrial clients add recurring fees. It was formerly S&T AG, an IT-services group, and has reshaped itself into an IoT hardware-and-software supplier.
In one line: A German/Austrian Advantech for embedded computing.
Moat: narrow (customer qualification, installed base, process know-how). Long design-in cycles with industrial/rail OEMs create switching costs, but competes in a fragmented embedded-hardware market.
Headquarters: Augsburg, Germany · Founded: 1959 · Employees: 6,696
Size Kontron (KTN.DE) is a Germany Information Technology company (Computer Processing Hardware) with a market value of $1.31B, the 129th largest of 205 Germany companies the cockpit tracks. Shares closed at €18.73 on 6 Nov 2026.
Performance Over six months the shares fell 19.1%, against -19.0% for the median peer and +2.6% for the Germany market (cap-weighted) — 9th lowest of 18 in its peer set.
Growth Revenue fell 7.3% over the last twelve months (peer median +15.7%); the operating margin is 6.5% (peer median 7.2%).
Valuation It trades at 11.5× forward earnings against a peer median of 18.2× (cheapest of 13).
Price implies For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is -1 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.7 points above its cost of capital (6.4% WACC).
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €1.56B | €1.61B | €1.68B | €1.23B | €1.06B |
| Revenue growth | — | -5% | +37% | +15% | — |
| Gross profit | €200M | €194M | €215M | €160M | €88.1M |
| EBITDA | €176M | €144M | €175M | €113M | €52.0M |
| Net income | €87.1M | €141M | €90.7M | €77.7M | €232M |
| Free cash flow | €36.5M | €64.5M | €9.73M | €64.2M | -€3.72M |
| Capital expenditure | €84.8M | €83.2M | €71.2M | €46.3M | €40.5M |
| Total debt | €425M | €509M | €587M | €265M | €363M |
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 |
|---|---|---|---|---|---|---|
| Kontron KTN.DE | $1.31B | -19% | -7% | 7% | 11.5× | 4.2% |
| Advantech 2395.TW | $14.5B | +39% | +40% | 19% | 22.5× | 9.5% |
| Siemens SIE.DE | $225B | -4% | +4% | 13% | 23.4× | 18.3% |
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 | KTN.DE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -8.5% | -1.7% | 8th lowest of 21 |
| 6-month return | -19.1% | -19.0% | 9th lowest of 18 |
| Distance from 52-week high | -26.0% | -44.1% | 5th highest of 21 |
| Revenue growth (TTM) | -7.3% | +15.7% | 3rd lowest of 17 |
| Operating margin | 6.5% | 7.2% | 10th lowest of 20 |
| Forward P/E | 11.5× | 18.2× | cheapest of 13 |
| Growth the price implies (Req g, 7 yrs) | 4.2% | 6.7% | 5th least demanding of 13 |
| Growth delivered (Del g) | +5.1% | +11.4% | 5th lowest of 13 |
| Hurdle (Req g minus delivered) | -0.9 pp | -2.9 pp | 6th most demanding of 13 |
| ROIC minus cost of capital | +0.7 pp | +2.2 pp | 10th lowest of 20 |
| EV / EBITDA | 8.1× | 17.9× | cheapest of 6 |
| Net debt / EBITDA | 1.4× | -0.3× | 2nd most indebted of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Kontron KTN.DE | Germany | $1.31B | -19% | -7% | 7% | 11.5× | 4.2% | +5.1% |
| Sichuan Furong Technology 603327.SS | China | $1.30B | -26% | +22% | 6% | n/a | n/a | n/a |
| Raspberry PI RPI.L | United Kingdom | $1.29B | -27% | +71% | 9% | 32.2× | 14.4% | +17.2% |
| Qisda 2352.TW | Taiwan | $1.28B | +7% | 0% | 1% | 24.3× | n/a | n/a |
| SDIC Intelligence Information Technology 300188.SZ | China | $1.35B | -15% | -15% | -53% | n/a | n/a | n/a |
| IQM Quantum Computers IQMX.HE | Finland | $1.41B | n/a | n/a | -492% | n/a | n/a | n/a |
| MilDef MILDEF.ST | Sweden | $1.17B | +54% | +76% | 17% | 31.2× | 5.1% | +38.7% |
| IQM Quantum Computers Oyj Sponsored ADR IQMX | United States | $1.49B | n/a | n/a | -492% | n/a | n/a | n/a |
| XGD 300130.SZ | China | $1.49B | -20% | +21% | 12% | 17.9× | 3.8% | +3.8% |
| PCI Technology 600728.SS | China | $1.58B | -7% | +11% | 0% | 55.3× | 23.0% | +18.8% |
| Pasqal PSQL | United States | $923M | n/a | n/a | n/a | n/a | n/a | n/a |
| Zkteco 301330.SZ | China | $876M | -19% | +24% | 11% | n/a | 7.2% | +3.4% |
| Willfar Information Technology 688100.SS | China | $1.98B | -28% | -9% | 20% | 22.4× | 17.0% | +15.5% |
| Infleqtion INFQ | United States | $2.00B | -27% | n/a | -315% | n/a | n/a | n/a |
| JBCC 9889.T | Japan | $852M | +61% | +9% | 10% | 18.6× | -4.7% | +4.8% |
| Dongfang Electronics 000682.SZ | China | $2.06B | -21% | +14% | 7% | 13.7× | 8.9% | +17.4% |
| Jess-Link Products 6197.TW | Taiwan | $814M | -10% | +21% | 22% | 15.7× | 6.1% | +16.2% |
| Emdoor Information 001314.SZ | China | $791M | -26% | +74% | 3% | 17.5× | n/a | n/a |
| Toukei Computer 4746.T | Japan | $790M | +74% | +5% | 29% | n/a | 2.6% | +5.6% |
| Getac 3005.TW | Taiwan | $2.20B | +19% | +9% | 15% | 12.1× | -7.0% | +7.2% |
| Lakala Payment 300773.SZ | China | $2.32B | -25% | +17% | 4% | 17.4× | 14.2% | 0.0% |