KONE Oyj (KNEBV.HE) stock analysis

In our weekly check, KONE Oyj is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 19 pass, warnings: 5, red flags: 1.

About KONE Oyj

KONE Oyj is an Industrials company (Industrial - Machinery) based in Finland, listed on HEL as KNEBV.HE.

What our checks show for KNEBV.HE

Red flags

• The gross margin fell by 37.2 points, to 14.3%: costs are rising faster than prices.

Warning signs

• The net margin fell by 1.3 points over 5 years, to 8.3%: the company keeps less of each sale as profit.
• Revenue grew only 1.4% a year over the last 3 years.
• The net margin is only 8.3%: little room if costs rise.
• The dividend takes 99% of profit: little cushion if profit falls.
• The stock has fallen as much as 53% from a peak. Would you have held through that?

Strengths

• Net debt is only 0.1x a year of EBITDA: the balance sheet has room.
• Operating profit covers interest 25.7 times over.
• Operating cash flow is 1.39x net profit: the profit arrives as real cash.
• Analysts expect earnings per share to grow about 17.1% a year over the next years.
• Analysts expect the net margin to improve by 2.2 points from today's 8.3%.
• Free cash flow is 10.2% of revenue: cash for dividends, buybacks or growth.

Next earnings report: 2026-10-28

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Questions

What grade does KONE Oyj (KNEBV.HE) have?

In our weekly check, KONE Oyj is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 19 pass, warnings: 5, red flags: 1. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of KNEBV.HE stock?

This week's biggest flags for KONE Oyj: Gross margin falling, Margins falling, Weak revenue growth. In total 6 of 25 checks show a warning or a red flag.

What does KONE Oyj do?

KONE Oyj is an Industrials company (Industrial - Machinery) based in Finland, listed on HEL as KNEBV.HE.

When does KONE Oyj report earnings next?

The next earnings report is expected on 2026-10-28. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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