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Knorr-Bremse AG (KBX.DE)

EUR101.40 -1.20 (-1.17%)
DE XETRA Consumer Cyclical Auto - Parts
Address Moosacher Strasse 80 80809
Munich, DE
CEO Marc Llistosella Y Bischoff
IPO 2018-10-12
ISIN DE000KBX1006

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Also trades on Deutsche Börse · KBX.DE (EUR) London Stock Exchange · 0KBI.L (EUR) Other OTC · KNBHF (USD) Other OTC · KNRRY (USD) Swiss Exchange · KBX.SW (CHF)
Description

Knorr-Bremse Aktiengesellschaft is a global enterprise specializing in the development, manufacture, sale, and maintenance of crucial braking and other operational systems for both rail and commercial vehicles worldwide. The company structures its business into two primary segments: Rail Vehicle Systems and Commercial Vehicle Systems. Within its Rail Vehicle Systems segment, Knorr-Bremse equips mass transit and long-distance trains with a comprehensive array of systems, including braking, entrance, and HVAC solutions, alongside power electronics, control technology, digital solutions for rail traffic optimization, couplers, and signal systems. This division also supplies stationary and mobile testing equipment, as well as essential onboard systems such as wipers, wash systems, and sanitary facilities. For the Commercial Vehicle Systems segment, the company offers advanced solutions for a wide range of vehicles, including trucks, buses, trailers, and agricultural machinery. Its extensive portfolio encompasses sophisticated braking systems, encompassing control units, various brake types (disk and drum), cylinders, valves, and pedal units. Additionally, Knorr-Bremse provides steering systems, vehicle dynamics technologies, driver assistance systems, automated driving functionalities, electronic leveling control, and energy supply and distribution systems, such as compressors and air treatment products. It also supplies engine components and transmission control systems. Beyond its primary product lines, the company extends its portfolio with services like leasing, holding functions, logistics, media, and IT support. Knorr-Bremse Aktiengesellschaft was founded in 1905, is headquartered in Munich, Germany, and operates as a subsidiary of KB Holding GmbH.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
EUR101.40 -1.20 (-1.17%)
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Volume Profile
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Liquidity & share structure
Average Volume
180.9K
Beta
1.11
Float Shares
66.03M
Free Float %
41.0%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.10% -0.68% -1.55% -3.88% +19.83% +5.67% +14.43% +52.72% -1.84% +24.33% +24.33%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
101.40
DCF (Unlevered) 50.23 -50.5%
DCF (Levered) 63.50 -37.4%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 67% Bullish
Rating 2026-05 Change
Strong Buy 2 0
Buy 8 0
Hold 3 0
Sell 1 0
Strong Sell 1 0
Quality scores
Altman Z-Score
3.53
Safe zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
6 / 10
Developing
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
1 / 5
Low
P/E Score
2 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Auto - Parts: +7.8%
    -0.8% Q1'26: -1.1% (vs Q1'25)
  • EPS growth Auto - Parts: +18.0%
    +19.5% Q1'26: +13.1% (vs Q1'25)
  • FCF margin FCF growth · Auto - Parts: +53.1%
    +9.5% Q1'26: +1.5% (vs Q1'25)
  • EBIT margin Auto - Parts: +7.5%
    +11.3% Q1'26: +13.5% (vs Q1'25)
  • ROIC Auto - Parts: +6.4%
    +13.6% Q1'26: +14.5% (vs Q1'25)
  • Share dilution Auto - Parts: +0.0%
    +7.3% Q1'26: +0.3% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Auto - Parts: 0.27×
    2.45× Q1'26: 2.21× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.11) × ERP
WACC = 85% × Ke + 15% × Kd (4.0%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 50.23 Current price: 101.40
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
13 Rev. Ana.
7 EPS Ana.
Dec 2027
14 Rev. Ana.
10 EPS Ana.
Dec 2028
9 Rev. Ana.
7 EPS Ana.
Dec 2029
4 Rev. Ana.
2 EPS Ana.
Revenue
6.62B
est: 6.64B (-0.4%)
6.94B
est: 6.93B (+0.1%)
6.16B
est: 6.17B (-0.1%)
6.71B
est: 6.70B (+0.1%)
7.15B
est: 7.06B (+1.3%)
7.93B
est: 8.11B (-2.3%)
7.88B
est: 7.93B (-0.7%)
7.82B
est: 7.81B (+0.1%)
8.23B
8.13B – 8.34B
+5.5% YoY
8.75B
8.30B – 9.41B
+6.3% YoY
9.32B
9.26B – 9.37B
+6.5% YoY
9.49B
9.18B – 9.91B
+1.8% YoY
EBITDA
1.10B
est: 1.05B (+4.6%)
1.19B
est: 988.58M (+20.7%)
1.06B
est: 943.06M (+12.7%)
1.21B
est: 1.05B (+14.9%)
1.05B
est: 1.13B (-6.9%)
1.21B
est: 1.27B (-4.8%)
1.11B
est: 1.24B (-10.8%)
1.26B
est: 1.22B (+3.3%)
1.29B
1.27B – 1.30B
+5.5% YoY
1.37B
1.30B – 1.47B
+6.3% YoY
1.46B
1.45B – 1.47B
+6.5% YoY
1.48B
1.43B – 1.55B
+1.8% YoY
EBIT
929.29M
est: 766.58M (+21.2%)
944.69M
est: 1.02B (-7.0%)
794.72M
est: 854.59M (-7.0%)
929.90M
est: 955.61M (-2.7%)
735.94M
est: 1.02B (-27.9%)
874.00M
est: 910.21M (-4.0%)
748.00M
est: 1.23B (-39.0%)
882.00M
est: 875.68M (+0.7%)
923.64M
912.21M – 935.72M
+5.5% YoY
981.64M
930.70M – 1.06B
+6.3% YoY
1.05B
1.04B – 1.05B
+6.5% YoY
1.06B
1.03B – 1.11B
+1.8% YoY
Net Income
592.79M
est: 661.55M (-10.4%)
588.42M
est: 619.19M (-5.0%)
495.50M
est: 512.68M (-3.4%)
621.31M
est: 573.28M (+8.4%)
489.28M
est: 612.71M (-20.1%)
552.53M
est: 648.27M (-14.8%)
445.00M
est: 603.88M (-26.3%)
534.00M
est: 653.93M (-18.3%)
783.19M
767.25M – 799.14M
+19.8% YoY
919.58M
856.11M – 983.06M
+17.4% YoY
1.07B
953.77M – 1.18B
+15.9% YoY
1.00B
961.19M – 1.06B
-5.8% YoY
SGA
138.72M
est: 121.99M (+13.7%)
136.38M
est: 1.91B (-92.8%)
119.01M
est: 1.64B (-92.7%)
131.56M
est: 1.83B (-92.8%)
124.14M
est: 1.96B (-93.7%)
125.78M
est: 117.67M (+6.9%)
155.00M
est: 115.20M (+34.5%)
est: 113.21M (-100.0%)
119.41M
117.93M – 120.97M
+5.5% YoY
126.91M
120.32M – 136.42M
+6.3% YoY
135.15M
134.34M – 135.95M
+6.5% YoY
137.57M
133.07M – 143.76M
+1.8% YoY
EPS
3.68
est: 4.11 (-10.5%)
3.65
est: 3.89 (-6.2%)
3.07
est: 3.02 (+1.8%)
3.85
est: 3.62 (+6.3%)
3.04
est: 3.24 (-6.1%)
3.43
est: 3.73 (-8.0%)
2.77
est: 3.47 (-20.2%)
3.31
est: 3.76 (-12.0%)
4.54
4.45 – 4.63
+20.7% YoY
5.33
4.96 – 5.70
+17.4% YoY
5.90
5.53 – 6.83
+10.8% YoY
5.82
5.57 – 6.16
-1.4% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-08 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-05-07 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-05-06 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-05-05 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-05-04 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-04-30 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-04-29 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-04-28 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-04-27 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-04-24 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-04-23 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-04-22 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-04-21 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-04-20 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-04-17 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-04-16 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5
2026-04-15 B 3/5 3/5 5/5 5/5 1/5 2/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
779.88M
OE per share TTM
4.64
Owner's Yield
4.70%
Maintenance CapEx ratio
27.49%
Maint CapEx / Avg PPE
24.1%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
30.4K
Shares Outstanding
161.20M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Marc Llistosella Bischoff Chief Executive Officer & Chairman of Executive Board 3M male
Frank Markus Weber Chief Financial Officer & Executive Board Member 2M
Nicolas Lange Head of RVS & Member of the Executive Board 2M
Claudia Mayfeld Chief Human Resources Officer, General Counsel & Member of Executive Board 2M
Bernd Spies Member of Executive Board 2M male
Alexander Stechert-Mayerhofer Head of Corporate Communications
Andreas Spitzauer Head of Investor Relations male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits