Kone

51.26 EUR

+1.59 %

16,663 following

KNEBV

NASDAQ Helsinki

Industrial Goods & Services

Industrials

+1.59 %
-8.95 %
-19.93 %
-15.36 %
-12.44 %
-7.64 %
+5.82 %
-23.19 %
+805.05 %

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
27.14B EUR
Turnover
139.89M EUR
P/E (adj.) (26e)
23.36
EV/EBIT (adj.) (26e)
17.27
P/B (26e)
8.91
EV/S (26e)
2.19
Dividend yield-% (26e)
3.51 %
Coverage
Recommendation
Reduce
Target price
56.00 EUR
Updated
04.05.2026
Aapeli Pursimo
Aapeli Pursimo

Analyst

Latest research

Latest analysis report

Released: 04.05.2026

Revenue and EBIT-%

Revenue B

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
3.6
2026

Extraordinary general meeting '26

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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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 are Aapeli’s comments from the analyst call organized by KONE, which specifically focused on the TK Elevator situation. KONE organized a Q&A call for analysts on Wednesday, focusing on the TK Elevator merger. Some additional information regarding the merger was provided during...
yesterday
by Sijoittaja-alokas
8
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
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