After turbulent years Krones has long since returned to the road to success. Now the share is plummeting again. Should we seize the opportunity?
Why is the share price suddenly plummeting?
The share has come under heavy pressure in recent days, at first glance for no apparent reason - as the half-year figures were published at the end of July and therefore some time ago.
To make a long story short: The pressure on the share price is mainly due to the capital market day and the subsequent downgrades.
The fact that investors are selling due to Ratings
Aktien kaufenor sell, I will not comment on at this point. Anyone who knows my articles knows what I think about this.
According to Hauck Aufhäuser, "uncertainty about the order trend is overshadowing the outlook for the coming year". The price target was therefore lowered from 141 to 138 euros.
Shortly afterwards, Exane BNP lowered its rating from Outperform to Neutral with a price target of EUR 136.
At Hauck & Aufhäuser, the ratings generally have a time horizon of 6-18 months. I do not have the detailed report, so I do not know how long it will take to reach the target price.
At Exane BNP, the ratings typically target 12 months.
Downgrades and price targets
This means that both Analysten Kurszieleare well above the current share price level.
If the share price rises to EUR 136 or 138 within 12 months, this would correspond to a return of 12-13 %. That would be more than one and a half times the average annual return on the share price. MSCI World.
This would make the share attractively valued again after the fall in the share price.
Much more important than the Kursziele of banks and research houses is the intrinsic value of a company - i.e. not in terms of 12 months, but in terms of a few years.
Despite the "uncertainties", the Executive Board has confirmed the short and long-term outlook, and despite all the prophecies of doom, Krones is expected to increase its earnings this year by 13% to 9.90 euros per share.
Krones would therefore have a P/E ratio of 12.3, which is low in relation to all the information available and the growth rates.
This would still apply even if the forecast were too high and profits were to rise by "only" 8%, as in the first half of the year. In this scenario, the P/E ratio would be 12.9.
Since Krones has returned to the road to success, the average P/E ratio has been 17.2. KGV average of 17.2. The long-term average is even higher
Krones share: Chart from 22/09/2025, price: EUR 121.80 - symbol: KRN | source: TWS
Krones has returned to the support zone at EUR 115-120. As long as the share does not fall below EUR 115 on a sustained basis, the share is bullish over the long term. Only below this level will the bears take over.
If the support zone can be defended, this could form the basis for the next rally. Possible price targets on the upside are EUR 130, 135 and 142-144
