Kardex Holding AG
SIX:KARN

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Kardex Holding AG
SIX:KARN
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Price: 277.5 CHF 1.09% Market Closed
Market Cap: CHf2.1B

P/S

2.7
Current
1%
More Expensive
vs 3-y average of 2.7

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
2.7
=
Market Cap
CHf1.9B
/
Revenue
€850.4m

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
2.7
=
Market Cap
CHf1.9B
/
Revenue
€850.4m

Valuation Scenarios

Kardex Holding AG is trading above its 3-year average

If P/S returns to its 3-Year Average (2.7), the stock would be worth CHf274.62 (1% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-57%
Maximum Upside
+1%
Average Downside
21%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 2.7 CHf277.5
0%
3-Year Average 2.7 CHf274.62
-1%
5-Year Average 2.8 CHf281.27
+1%
Industry Average 1.2 CHf118.65
-57%
Country Average 2 CHf198.18
-29%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
CHf1.9B
/
Jan 2026
€850.4m
=
2.7
Current
CHf1.9B
/
Dec 2026
€991.5m
=
1.9
Forward
CHf1.9B
/
Dec 2027
€1.1B
=
1.7
Forward
CHf1.9B
/
Dec 2028
€1.2B
=
1.5
Forward
CHf1.9B
/
Dec 2029
€1.2B
=
1.5
Forward
CHf1.9B
/
Dec 2030
€1.3B
=
1.4
Forward
CHf1.9B
/
Dec 2031
€1.4B
=
1.3
Forward
CHf1.9B
/
Dec 2032
€1.5B
=
1.2
Forward
CHf1.9B
/
Dec 2033
€1.6B
=
1.2
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
Market Cap P/S P/E
CH
Kardex Holding AG
SIX:KARN
2.1B CHF 2.7 56
JP
Fujitec Co Ltd
TSE:6406
2 720 795.8T JPY 0 0
JP
Ishii Iron Works Co Ltd
TSE:6362
304.2T JPY 28 119.8 363 670.8
JP
Star Micronics Co Ltd
TSE:7718
48T JPY 1.4 29.8
US
Parker-Hannifin Corp
NYSE:PH
121.4B USD 5.8 33.8
JP
Freund Corp
TSE:6312
16.9T JPY 607.7 8 494.3
JP
Mitsubishi Heavy Industries Ltd
TSE:7011
16.1T JPY 3.4 57.4
SE
Atlas Copco AB
STO:ATCO A
839.4B SEK 5 31.8
US
Illinois Tool Works Inc
NYSE:ITW
77.5B USD 4.8 24.9
US
Barnes Group Inc
NYSE:B
65.6B USD 3.8 12.8
SE
Sandvik AB
STO:SAND
477B SEK 3.9 32.2

Market Distribution

In line with most companies in Switzerland
Percentile
59th
Based on 1 091 companies
59th percentile
2.7
Low
0 — 1
Typical Range
1 — 3.9
High
3.9 —
Distribution Statistics
Switzerland
Min 0
30th Percentile 1
Median 2
70th Percentile 3.9
Max 2 594.8

Kardex Holding AG
Glance View

Market Cap
2.1B CHF
Industry
Machinery

In the realm of industrial automation and intralogistics, Kardex Holding AG stands as a critical player, weaving efficiency into the very fabric of supply chain processes worldwide. Founded in the early 20th century with roots stretching back to essential record-keeping solutions, Kardex has transformed into a modern-day titan specializing in automated storage and retrieval systems. The company operates primarily through two divisions: Kardex Remstar and Kardex Mlog. Kardex Remstar is renowned for its dynamic storage solutions, particularly its vertical lift systems and shuttles, which optimize space utilization and streamline warehouse operations. Kardex Mlog, on the other hand, focuses on complex conveyor systems, moving goods with precision and speed across large facilities. Together, these divisions propel Kardex to address the intricate needs of sectors such as healthcare, automotive, electronics, and logistics, ensuring that products are stored and retrieved quickly and accurately. The financial lifeblood of Kardex Holding AG flows from its adeptness at not only selling its advanced hardware solutions but also offering a suite of complementary services that enhance the customer experience. By engaging in long-term service contracts, maintenance, and software solutions tailored to specific client needs, Kardex creates a robust aftermarket stream of revenue. This approach not only secures a consistent cash flow but also deepens client relationships, fostering loyalty and repeat business. Additionally, as industries increasingly value automation to reduce operational costs and mitigate labor challenges, Kardex positions itself at the forefront of innovation, continually refining its offerings to align with emerging technological trends. As such, Kardex maintains a competitive edge while capitalizing on the growing global demand for smart warehousing solutions.

KARN Intrinsic Value
241.59 CHF
Overvaluation 13%
Intrinsic Value
Price CHf277.5
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