Knorr-Bremse AG
Knorr-Bremse AG, together with its subsidiaries, develops, produces, and markets brake systems for rail and commercial vehicles and other safety-critical systems worldwide. It operates in two segments, Rail Vehicle Systems and Commercial Vehicle Systems. The Rail Vehicle Systems segment offers braking systems, entrance and HVAC systems, sanitary systems, coupling systems, digital solutions, smart… Read more
Knorr-Bremse AG (KBX) - Net Assets
Latest net assets as of June 2025: €2.97 Billion EUR
Based on the latest financial reports, Knorr-Bremse AG (KBX) has net assets worth €2.97 Billion EUR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€8.59 Billion) and total liabilities (€5.62 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €2.97 Billion |
| % of Total Assets | 34.54% |
| Annual Growth Rate | 8.04% |
| 5-Year Change | 62.72% |
| 10-Year Change | 80.15% |
| Growth Volatility | 12.1 |
Knorr-Bremse AG - Net Assets Trend (2014–2024)
This chart illustrates how Knorr-Bremse AG's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Knorr-Bremse AG (2014–2024)
The table below shows the annual net assets of Knorr-Bremse AG from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €3.13 Billion | +7.70% |
| 2023-12-31 | €2.90 Billion | +7.88% |
| 2022-12-31 | €2.69 Billion | +10.96% |
| 2021-12-31 | €2.43 Billion | +26.22% |
| 2020-12-31 | €1.92 Billion | +1.06% |
| 2019-12-31 | €1.90 Billion | +18.32% |
| 2018-12-31 | €1.61 Billion | -19.47% |
| 2017-12-31 | €2.00 Billion | +1.52% |
| 2016-12-31 | €1.97 Billion | +13.26% |
| 2015-12-31 | €1.74 Billion | +20.27% |
| 2014-12-31 | €1.44 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Knorr-Bremse AG's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 157.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €3.01 Billion | 98.98% |
| Other Components | €31.00 Million | 1.02% |
| Total Equity | €3.04 Billion | 100.00% |
Knorr-Bremse AG Competitors by Market Cap
The table below lists competitors of Knorr-Bremse AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wipro Limited
F:WIOA
|
$6.19 Billion |
|
WH Group Limited
PINK:WHGRF
|
$6.19 Billion |
|
Lear Corporation
NYSE:LEA
|
$6.20 Billion |
|
Ibiden Co.Ltd
PINK:IBIDF
|
$6.20 Billion |
|
SSAB AB (publ)
PINK:SSAAF
|
$6.18 Billion |
|
Darling Ingredients Inc
NYSE:DAR
|
$6.18 Billion |
|
BERKSHIRE HATH-A - Dusseldorf Stock Exchang
DU:BRH
|
$6.17 Billion |
|
JACKSON FNCL CL.A DL-10
F:8WF
|
$6.17 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Knorr-Bremse AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,835,890,000 to 3,045,000,000, a change of 209,110,000 (7.4%).
- Net income of 445,000,000 contributed positively to equity growth.
- Dividend payments of 59,000,000 reduced retained earnings.
- Other factors decreased equity by 176,890,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €445.00 Million | +14.61% |
| Dividends Paid | €59.00 Million | -1.94% |
| Other Changes | €-176.89 Million | -5.81% |
| Total Change | €- | 7.37% |
Book Value vs Market Value Analysis
This analysis compares Knorr-Bremse AG's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 5.21x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 8.58x to 5.21x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €11.46 | €98.35 | x |
| 2018-12-31 | €9.32 | €98.35 | x |
| 2019-12-31 | €11.07 | €98.35 | x |
| 2020-12-31 | €11.36 | €98.35 | x |
| 2021-12-31 | €14.44 | €98.35 | x |
| 2022-12-31 | €15.89 | €98.35 | x |
| 2023-12-31 | €17.59 | €98.35 | x |
| 2024-12-31 | €18.89 | €98.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Knorr-Bremse AG utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.61%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.65%
- • Asset Turnover: 0.82x
- • Equity Multiplier: 3.16x
- Recent ROE (14.61%) is below the historical average (28.53%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 39.09% | 9.29% | 1.47x | 2.86x | €360.13 Million |
| 2015 | 37.36% | 9.74% | 1.46x | 2.63x | €416.13 Million |
| 2016 | 29.02% | 9.62% | 1.01x | 3.00x | €344.99 Million |
| 2017 | 28.98% | 8.70% | 1.07x | 3.10x | €350.72 Million |
| 2018 | 39.47% | 8.96% | 1.06x | 4.17x | €442.60 Million |
| 2019 | 32.98% | 8.48% | 1.01x | 3.84x | €409.98 Million |
| 2020 | 27.07% | 8.05% | 0.83x | 4.04x | €312.43 Million |
| 2021 | 26.68% | 9.27% | 0.93x | 3.09x | €388.48 Million |
| 2022 | 19.04% | 6.82% | 0.89x | 3.13x | €231.50 Million |
| 2023 | 19.50% | 6.98% | 0.96x | 2.91x | €269.41 Million |
| 2024 | 14.61% | 5.65% | 0.82x | 3.16x | €140.50 Million |
Industry Comparison
This section compares Knorr-Bremse AG's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $48,419,438,900
- Average return on equity (ROE) among peers: 2.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Knorr-Bremse AG (KBX) | €2.97 Billion | 39.09% | 1.90x | $6.19 Billion |
| Sumitomo Rubber Industries Ltd (108) | $472.81 Billion | 7.86% | 1.12x | $2.11 Billion |
| Indel B S.p.A (2I6) | $90.74 Million | 17.35% | 0.79x | $24.57 Million |
| Pirelli & C SPA (2PI) | $4.55 Billion | 0.65% | 2.02x | $2.13 Billion |
| 9FS1 (9FS1) | $-26.41 Million | 0.00% | 0.00x | $10.52 Million |
| Acma Ltd (AAX1) | $28.89 Million | -12.23% | 1.60x | $1.11 Million |
| AUMOVIO N (AMV0) | $4.35 Billion | -23.28% | 4.67x | $374.77K |
| Bertrandt Aktiengesellschaft (BDT) | $431.85 Million | 4.89% | 1.21x | $64.43 Million |
| CIR S.p.A. - Compagnie Industriali Riunite (BN7) | $1.03 Billion | 3.17% | 2.12x | $318.19 Million |
| Cooper-Standard Holdings Inc (C31) | $875.98 Million | 7.71% | 2.01x | $426.10 Million |
| Delticom AG (DEX) | $47.63 Million | 16.85% | 3.02x | $17.82 Million |