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Kontron AG (KTN) Fair Value & Analysis

Technology · AT · Market cap €1.4B

KA Kontron AG KTN · VI
Price€20.76
Fair Value€38.23
Upside+84.2%
Quality56/100
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Mixed Growth
Thin margins · 8.3% net margin
Low debt · generates free cash flow
Trails peers (4/14)
Moderate moat 46/100
Evidence: High Range €23.82 – €67.10 Share as image

Fair value as of: Jul 15, 2026

From 24 valuation models · updated 26 days ago

Fair value updated Jul 15, 2026, revised from €35.45 to €38.23 (+7.8%) since Jun 24, 2026. Share price −10.6% over the past month.

A solid business, screening 84% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (€23.82). The market is more pessimistic than our downside scenario.
  • The model range is unusually wide (€23.82 to €67.10). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

€28.64 €10.09 Fair Value €38.23 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range €10.09 – €28.64 · fair‑value band €23.82 – €67.10 · the €20.76 price screens below the €38.23 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

Kontron AG (KTN) currently trades at €20.76, while our model-based Fair Value estimate is €38.23, implying the stock looks roughly 84.2% undervalued today. The Quality Score stands at 56/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Kontron AG generated revenue of €1.6B at a net margin of 8.3%. Revenue declined 5.7% year over year. It earns a return on equity of 18.6%. Net debt stands at €155M. Fundamentals as of Jul 15, 2026

Our scenario range runs from €23.82 (bear case) to €67.10 (bull case); at €20.76, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 28% below its 52-week high and 26% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -25% fair-value upside, at 84%, KTN screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF €15.86 €28.13 €45.16 80
Residual Income €12.79 €16.95 €51.09 76
Rev-Margin DCF €12.91 €22.18 €35.12 74
All 24 models by family
DCF Models
FCF DCF €16.40 €27.43 €52.62 38
Owner Earnings €25.29 €46.72 €83.13 31
5Y Revenue Exit €12.91 €22.47 €35.83 39
5Y EBITDA Exit €25.26 €49.88 €82.80 41
5Y P/E Exit €34.95 €71.39 €116.26 38
10Y Revenue Exit €13.66 €23.04 €38.33 36
10Y EBITDA Exit €21.72 €42.20 €76.98 37
10Y P/E Exit €27.78 €57.24 €104.51 35
Earnings-Based
Graham-Dodd €15.29 €89.89 €125.15 54
Lynch FV €25.48 €36.41 €47.33 50
PEG = 1.0 €25.48 €36.41 €47.33 46
EPV €8.86 €9.98 €10.91 59
Multiples
P/E Multiple €47.22 €62.96 €78.71 63
P/S Multiple €28.67 €38.23 €47.79 58
P/B Multiple €28.67 €38.23 €47.79 55
EV/EBIT €21.13 €27.95 €34.77 53
EV/EBITDA €32.02 €42.46 €52.91 54
EV/Revenue €11.02 €15.45 €19.88 43
Asset-Based
NCAV (Graham) €5.91 €7.92 €11.82 50
Growth DCF
Growth DCF €15.86 €28.13 €45.16 80
Rev-Margin DCF €12.91 €22.18 €35.12 74
Economic Profit
Residual Income €12.79 €16.95 €51.09 76
ROIC Compounder €8.86 €9.98 €10.91 72
Growth Earnings
Growth-Adj P/E €43.22 €61.74 €80.26 68

Widest divergence: Growth Earnings (€61.74) versus Asset-Based (€7.92). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) €1.6B
Revenue growth (YoY) -5.7%
Net margin 8.3%
Return on equity 18.6%
Free cash flow €84.5M FY2025
P/E ratio 11.2
More key figures
Operating margin 3.2%
EPS (TTM) €2.09
EPS growth (YoY) -31.3%
Net debt €155M FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100

Of which business quality 55 · Market factors (momentum, volatility) 37

Profitability 54
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 38
Earnings quality: real cash, not paper profit
Fin. Strength 54
Balance sheet, leverage, solvency risk
Investment 73
Disciplined investing over empire-building
Low Volatility 66
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 21
Distance to the 52-week high (market factor)
Net Issuance 76
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Kontron AG, together with its subsidiaries, engages in the provision of Internet of Things software and solutions in Europe and internationally.

Full company description

Kontron AG, together with its subsidiaries, engages in the provision of Internet of Things software and solutions in Europe and internationally. The company offers boards and standard form factors products, including single board computers, motherboards, VME, VPX, SOM, CompactPCI, PMC/XMC, 5G modules, CONM express, COM-HPC, SMARC, and Qseven; system products, such as embedded box PCs, industrial monitors, panel PCs, workstations, rack mount systems, network switching, control Units and I/O modules, and aircraft, defense, and transportation computers, as well as cloud systems, multi-edge servers, rugged platforms for harsh environments, power supply, and 5G MPN solutions; and software and solutions comprising IoT solutions, industrial software, transportation solutions, AI and Security, safety and control, and windows IoT licensing. It also provides SUSiEtec, an IoT software for data analysis, processing, acquisition, and provisioning, as well as enabling the integration of IT and OT; and standard software for IoT applications. In addition, the company offers IoT systems, which include edge and fog computing, industrial servers, and HMI; IoT boards and modules; and ethernet and TSN switching. It serves automation, avionics, communications and connectivity, defense, energy, infotainment, medical, and transportation industries. The company was formerly known as S&T AG and changed its name to Kontron AG in June 2022. Kontron AG was founded in 1990 and is headquartered in Linz, Austria.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Kontron AG reported revenue of €1.6B in FY2025 versus €1.3B in FY2021, a compound +4.6%/yr. Reported net income was €141M in FY2025, compounding +30.8%/yr from FY2021.

Growth Quality 63/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€1.6B
Latest YoY
−4.6%
Avg. growth/yr (3Y)
+13.6%
Avg. growth/yr (5Y)
+5.1%
Avg. growth/yr (20Y)
+11.1%
Revenue +4.6%/yr
FY21 €1.3B
FY22 €1.1B
FY23 €1.2B
FY24 €1.7B
FY25 €1.6B
Net income +30.8%/yr
FY21 €48.3M
FY22 −€12.8M
FY23 €77.7M
FY24 €90.7M
FY25 €141M

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Cite: Fair Value Calculator (2026). "Kontron AG Fair Value". https://www.fairvalue-calculator.com/stock/KTN

Peer Group

Information Technology Services · 480 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 56 · Below median
Fair Value upside +84% · Top 25%
Return on equity (TTM) 19% · Top 25%
Return on assets 2% · Below median
Net margin (TTM) 8% · Above median
Operating margin (TTM) 3% · Below median
Revenue growth -6% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.29× · Higher than median

Valuation Multiples vs Information Technology Services median · lower = cheaper

P/E (TTM) 11.0× · Cheaper than 75% of peers
P/B 2.25× · Pricier than median
P/S (TTM) 1.02× · Pricier than median
P/FCF 19.7× · Pricier than 75% of peers
EV/EBITDA 19.5× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 20
FUTURE 0 · sector 29
PAST 75 · sector 36
HEALTH 85 · sector 97
DIVIDEND 0 · sector 37

Insider activity: 45/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $235.92 $143.90 -39%
Accenture plc ACNN 2,460 MXN 250.95 MXN -90%
Infosys Limited INFY ₹1,156 ₹1,457 +26%
HCL Technologies Limited HCLTECH ₹1,204 ₹1,230 +2%
Wipro Limited WIPRO ₹178.43 ₹226.81 +27%
Tech Mahindra Limited TECHM ₹1,455 ₹1,086 -25%
Samsung SDS Co 018260 199,300 KRW 196,390 KRW -1%
Persistent Systems Limited PERSISTENT ₹5,059 ₹2,364 -53%
Hyundai Autoever Corporation 307950 393,000 KRW 133,088 KRW -66%
Coforge Limited COFORGE ₹1,541 ₹702.84 -54%

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Frequently asked questions

Is Kontron AG (KTN) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of €38.23 versus a price of €20.76, about +84% (undervalued).
What is the fair value of KTN?
Our model-based fair value for Kontron AG is €38.23 (as of Jul 15, 2026), built from audited fundamentals. The current price is €20.76.
What is the quality score of KTN?
Kontron AG has a Quality Score of 56/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Kontron AG (KTN)?
Kontron AG reported trailing-twelve-month revenue of about €1.6B (latest available figure, as of Jul 15, 2026).
What is the net profit margin of KTN?
The net profit margin of Kontron AG is about 8.3%, meaning it keeps roughly 8.3% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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