KONE: Better development required for share price rise
By Erkki Vesola
KONE's Q4 figures were good. Order intake was a positive surprise and the adjusted EBIT margin and dividend were in line with expectations. The guidance given for 2024 was fairly broad and our projections are almost unchanged.
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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 Figures28.01.
2023 | 24e | 25e | |
---|---|---|---|
Revenue | 10,952.3 | 11,162.4 | 11,682.7 |
growth-% | 0.42 % | 1.92 % | 4.66 % |
EBIT (adj.) | 1,248.4 | 1,313.3 | 1,384.8 |
EBIT-% (adj.) | 11.40 % | 11.77 % | 11.85 % |
EPS (adj.) | 1.88 | 1.96 | 2.07 |
Dividend | 1.75 | 1.80 | 1.80 |
Dividend % | 3.87 % | 3.67 % | 3.67 % |
P/E (adj.) | 23.98 | 25.03 | 23.70 |
EV/EBITDA | 15.19 | 15.18 | 14.38 |
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