Kone's third-quarter sales grew 3.8% at comparable currencies, while adjusted EBIT rose 8.3% and margin expanded 40 basis points to 12.7%. Modernization orders grew 10%, offsetting weakness in Chinese new equipment.
Kone’s leading position in China positions it to capitalize as the market transitions from new equipment to higher-margin services.
A sharper and more persistent slowdown in China’s new equipment market may be a bigger headwind than expected, offsetting profitable growth elsewhere in its portfolio.
|
Metric
|
KNEBV
|
SCHN
|
OTIS
|
|---|---|---|---|
Price/Earnings (Normalized) | 26.47 | 29.69 | 18.64 |
Price/Book Value | 12.72 | 6.50 | — |
Price/Sales | 2.58 | 2.93 | 1.94 |
Price/Cash Flow | 24.19 | 20.91 | 17.14 |
|
Metric
|
KNEBV
|
SCHN
|
OTIS
|
|---|---|---|---|
Quick Ratio | 0.55 | 1.17 | 0.68 |
Current Ratio | 1.04 | 1.38 | 0.83 |
Interest Coverage | 25.52 | 138.20 | 10.88 |
|
Metric
|
KNEBV
|
SCHN
|
OTIS
|
|---|---|---|---|
Return on Assets (Normalized) | 11.07% | 9.37% | 14.46% |
Return on Equity (Normalized) | 40.10% | 22.97% | — |
Return on Invested Capital (Normalized) | 30.10% | 20.91% | 55.06% |
|
1-Day Chart
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United States