Added to YB: 2026-10-05
Pitch date: 2026-10-01
KBX.DE [neutral]
Knorr-Bremse AG
-1.98%
current return
Author Info
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Company Info
Knorr-Bremse AG, together with its subsidiaries, develops, produces, and markets brake systems for rail and commercial vehicles and other safety-critical systems worldwide.
Market Cap
EUR 16.6B
Pitch Price
EUR 101.10
Price Target
N/A
Dividend
1.85%
EV/EBITDA
14.12
P/E
28.24
EV/Sales
2.23
Sector
Machinery
Category
growth
Knorr-Bremse (KBX Germany): Orders remain healthy
KBX.DE (update): Knorr-Bremse should enter the final quarter with a healthy order book and improving profitability despite uneven demand. Raised 2026 guidance calls for €8.1-8.3bn of revenue, a 14-14.5% operating EBIT margin and €750-850m of free cash flow. Orders should remain above revenue and book-to-bill above 1, while US and European rail-freight weakness and delayed Indian projects temper near-term growth.
Read full article (2 min)