Added to YB: 2026-04-28
Pitch date: 2026-04-24
KTN.DE [bullish]
Kontron AG
+0.09%
current return
Author Info
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Company Info
Kontron AG, together with its subsidiaries, engages in the provision of Internet of Things software and solutions in Europe and internationally.
Market Cap
EUR 1.3B
Pitch Price
EUR 21.30
Price Target
31.90 (+50%)
Dividend
2.82%
EV/EBITDA
13.44
P/E
9.72
EV/Sales
0.97
Sector
IT Services
Category
value
Kontron AG: Backlog Worth 2.5 Times Its Market Cap
KTN.DE: Pivoted from IT services to pure-play IoT/edge computing. 2025 FCF €167.7M (+69% YoY), order backlog €2.5B (1.26x book-to-bill), net income €141.1M (+56%). Software+Solutions €590.7M rev, €103.3M EBITDA. Transportation (5G rail) & Defense (20% margin) strong; GreenTec solar segment restructuring (-€8M EBIT). €50M buyback. DCF: €31.90/share vs €21.50 (33% discount). 2030 targets: €2.6B rev, €420M EBITDA. Risk: Q1 miss could push to €16-17.
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