Increasing growth momentum
After being stuck in stagnation for some time, the company's growth has accelerated considerably in recent years. Several factors have contributed to this.
These include a strategic realignment and a stronger focus on non-European markets, which recorded strong growth. These markets have benefited from increasing demand for pumps and valves in sectors such as mining, energy and water management.
In addition, the efficiency program of recent years has borne astonishing fruit.
At the same time, the growth momentum in the SupremeServ division, which comprises the service and spare parts business, has increased significantly. In the last financial year, this area generated around one third of sales, but accounted for over 80 % of EBIT.
As the service business is characterized by recurring income and is now highly profitable, this has sustainably improved the quality of the company.
Focus on the preference share
In the first quarter of the current financial year, sales, incoming orders and adjusted EBIT were slightly up on the previous year.
Momentum is expected to increase further over the course of the year. Consensus estimates currently predict a 30% jump in earnings to EUR 88 per share.
Nevertheless, the share is largely flying under the radar as the company is not included in any of the major indices.
This is due to the fact that the majority of KSB shares are not freely tradable. The Johann Weiss Foundation holds over 90% of the ordinary shares.
For investors, the voting rights of ordinary shares are therefore effectively worthless. The preference share is therefore the better option, as it is cheaper and offers a higher yield of 3.2 %. Dividendenrendite of 3.2 %.
The KSB preference share currently has a P/E ratio of 10.9, compared with a long-term P/E ratio of 12.9.
The company has set itself ambitious long-term targets. As part of the "Mission TEN30" corporate strategy, the company is aiming for an annual order intake and turnover of more than EUR 4 billion and an EBIT margin of over 10% by 2030.
In relation to 2024, this would correspond to a 64% increase in EBIT
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KSB SE share: chart from 28.07.2025, price: EUR 962 - symbol: KSB3 | Source: TWS
Major setbacks could turn out to be an opportunity. Anti-cyclical buy points are the Unterstützungenat EUR 826 and EUR 750
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