The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

KRN.DE

Concerning the House

Krones AG, together with its subsidiaries, plans, develops, manufactures, and sells machines and lines for the fields of process, filling, and packaging technology in Germany, the rest of Europe, the Middle East, the Asia Pacific, China, the Americas, and internationally. It operates in three segments: Filling and Packaging Technology, Process Technology, and Intralogistics. The Filling and Packaging Technology segment offers machines and systems for producing PET bottles; recycling systems for converting used plastic bottles into food-grade recycled materials. The Process Technology segment supplies machines and lines for producing and processing beer, soft drinks, fruit juices, milk, dairy drinks, and alternative proteins; and provides water treatment solutions and components under the Evoguard and Ampco Pumps brands. The Intralogistics segment is involved in the planning and design of automated warehousing, and order-picking and material flow systems with automated guided vehicle systems and matching software tools. It also provides system and software solutions. The company also offers logistics systems, and custom IT and digitalization solutions that manage and optimize all production processes. It serves beverage producers; and companies from the food, chemical, pharmaceutical, and cosmetic industries. Krones AG was founded in 1951 and is headquartered in Neutraubling, Germany.

Germany · www.krones.com

The Ledger
LineDec 2024Mar 2025Jun 2025Sep 2025
Revenue$1.42B$1.41B$1.32B$1.38B
Gross profit$693.82M$747.00M$720.60M$731.40M
Operating income$106.94M$106.00M$94.30M$96.60M
Net income$76.32M$75.70M$69.70M$67.90M
Diluted EPS2.402.212.15
Free cash flow$144.73M$160.40M-$125.50M$25.50M
CapEx-$74.94M-$41.40M-$26.50M-$45.80M
Quotation

$114.80

-0.20 (-0.2%)

52w hi$139.07
52w lo$106.60
Vol14.80K
As ofAug 13
The Verdict

Hold

Our score +0.16

Short-0.14
Medium+0.18
Long+0.73

computed 2026-08-13

By the Numbers

Krones AG

Industrials · Specialty Industrial Machinery

Market cap$3.63B
Enterprise value$3.27B
Trailing P/E12.44x
Forward P/E10.27x
EV / EBITDA6.11x
P / S (ttm)0.64x
Profit margin5.1%
Return on equity14.1%
Revenue growth+1.1%
Earnings growth+0.9%
Debt / equity2.16
Risk Metrics
Beta vs SPX0.52
Corr SPX0.32
Annual vol26.5%
Annual ret+5.3%
Sharpe0.20
Max DD-23.9%

Window: 504 trading days (489 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.52
Sector+0.07
Technical+0.00
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$115.00$116.20$114.60$114.8014.80K
Aug 12$116.00$116.80$114.80$115.0021.19K
Aug 11$115.00$117.00$115.00$115.8033.88K
Aug 10$116.00$116.80$115.20$115.8028.23K
Aug 7$117.20$117.20$115.60$116.4035.81K