Kone

51.14 EUR

-1.99 %

16,619 following

KNEBV

NASDAQ Helsinki

Industrial Goods & Services

Industrials

-1.99 %
-6.81 %
-14.82 %
-15.55 %
-12.61 %
-6.44 %
-3.22 %
-24.90 %
+802.94 %

Kone is a manufacturer of elevators, escalators and automatic doors. Other related products and systems provided by the company include barriers, docking systems and traffic gates. The company's products are sold in all global regions through authorized distributors. Kone was founded in 1910 and is headquartered in Espoo.

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Market cap
27.07B EUR
Turnover
45.41M EUR
P/E (adj.) (26e)
23.31
EV/EBIT (adj.) (26e)
17.23
P/B (26e)
8.89
EV/S (26e)
2.19
Dividend yield-% (26e)
3.52 %
Coverage
Recommendation
Reduce
Target price
56.00 EUR
Updated
2026-05-04
Aapeli Pursimo
Aapeli Pursimo

Analyst

Latest research

Latest analysis report

Released: 2026-05-04

Revenue and EBIT-%

Revenue B

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
22/7
2026

Interim report Q2'26

28/10
2026

Interim report Q3'26

Risk
Business risk
Valuation risk
Low
High
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Bloomberg: KONE diskuterar förvärv av TK Elevator
Analyst Comment by
Antti Viljakainen

Bloomberg: KONE diskuterar förvärv av TK Elevator

Enligt nyheter från Bloomberg och Reuters undersöker KONE möjligheterna att lägga ett bud på TK Elevator (tidigare Thyssen Elevator), vars börsnotering det också har ryktats om. Saken var aktuell även förra hösten och 2020, då KONE dock drog sig ur diskussionerna och företaget landade i att säljas till ett konsortium av kapitalförvaltare. Enligt vår uppfattning är situationen liknande som tidigare, vilket innebär att vi ser fördelarna med sammanslagningen som tydliga, men riskerna är enligt vår mening i stort sett oförändrade.

Kone
Forum discussions
JP Morgan justifies raising the target from €65 → €70, in connection with the Thyssen deal, a ‘transformative’ one. Interesting point, a target more familiar than usual for Kone: Given that Kone previously attempted to acquire TKE in 2020 and conducted extensive due diligence ahead...
5/2/2026, 3:53 AM
by Opa
11
Here is the company report on Kone from Aapeli following the Q1 results and the mega-deal We reiterate our Reduce recommendation for KONE and our target price of EUR 56. The company’s Q1 result was in line with expectations, but the main focus was on the historic merger with TK Elevator...
5/4/2026, 6:00 AM
by Sijoittaja-alokas
8
I want to think, if only a bit sentimentally, that ASEA and Westinghouse are now seeing a continuation, and that the TKE deal has been in the works for decades already. But yes, there are risks too. If Antti “scrapes together” a billion, maybe I can believe in this too
4/30/2026, 7:04 PM
by Gadua Morhua
7
@Alex_af_Heurlin1 and @Elina_Lappalainen discussed Kone’s massive deal in particular on the podcast. Thirty years ago Antti Herlin’s father was close to selling Kone to the Germans. Now Antti Herlin did the opposite: he bought his German competitor for 29.4 billion euros in the largest...
5/1/2026, 11:42 AM
by Sijoittaja-alokas
4
I agree with you that the synergy savings could be greater than projected, but Kone’s previous small successful acquisitions are not a basis for the merger with TKE going smoothly. The fact that Kone still has one major shareholder makes things a bit easier.
4/30/2026, 6:24 PM
by Uberhous
4
Yesterday, May 7th, institutional investors (instikat) started selling Kone more heavily towards the evening. For now, the support level has held at 52 euros. Let’s see if it stays there or if we still drop to the 50–51.5 levels.
5/8/2026, 7:13 AM
by Petteri
3
Most analysts have not yet updated their public recommendations. The simplest explanation is that the announcement of the merger did not, after all, include any major, obvious change that would have immediately shifted views in any specific direction. One interpretation is that if...
yesterday
by Gadua Morhua
2
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