Kone: Marching on in the thicket
By Erkki Vesola
KONE's Q3 figures were pretty close to consensus but slightly below our expectations. KONE reiterated its 2023 guidance and the market outlook comments were also unchanged. KONE’s share is fairly fully priced with all the indicators we use.
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Kone
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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 Figures26.10.2023
2022 | 23e | 24e | |
---|---|---|---|
Revenue | 10,906.7 | 11,371.7 | 11,819.4 |
growth-% | 3.73 % | 4.26 % | 3.94 % |
EBIT (adj.) | 1,076.6 | 1,285.5 | 1,426.9 |
EBIT-% (adj.) | 9.87 % | 11.30 % | 12.07 % |
EPS (adj.) | 1.59 | 1.94 | 2.12 |
Dividend | 1.75 | 1.75 | 1.80 |
Dividend % | 3.62 % | 3.56 % | 3.66 % |
P/E (adj.) | 30.46 | 25.23 | 23.18 |
EV/EBITDA | 18.22 | 16.08 | 14.05 |
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