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    Konecranes (HLSE:KCR) Looks Undervalued On Paper, Is It Really A Bargain?

    Simply Wall St·09/19/2026 15:24:25
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    Konecranes (HLSE:KCR) shares closed at €28.90 on 16 September 2026, with recent returns mixed. The stock declined over the past day and week, while showing gains over the month and the past three months.

    Short-term momentum for Konecranes looks softer, with the share price down over the past day and week. However, the 1-month and 3-month share price returns remain positive, while the 1-year and multi-year total shareholder returns are very strong.

    Compare Konecranes' recent swings with other industrial and infrastructure plays by scanning our hand picked 38 power grid technology and infrastructure stocks for ideas in the same broader theme.

    Konecranes looks like a solid industrial platform with broad exposure across services, equipment and ports, yet the recent share pullback raises a sharper question. Is this strong business still attractively priced at €28.90?

    Most Popular Narrative: 16% Undervalued

    The most followed valuation narrative puts Konecranes' fair value at €34.25, which sits meaningfully above the recent €28.90 close. That gap reflects a view that the current price does not fully capture the longer term earnings profile and cash generation implied in the forecasts.

    The intensifying shift toward automation and smart manufacturing is driving strong demand for advanced port and industrial solutions (like electrified, automation-ready cranes), as reflected in Port Solutions' record order intake and margins. This is likely to accelerate top-line revenue growth as global investment in Industry 4.0 and port modernization continues.

    See why 20 investors see Konecranes as 16% undervalued.

    Analysts backing this narrative use a 7.5% discount rate and project revenue growth of around 5% a year, with net margins near 10.6%. Their numbers translate into forecast earnings of €508.0m by 2029 and a P/E of roughly 19.9x on those earnings, which they see as compatible with a fair value of €34.25 per share.

    The takeaway for readers is straightforward. The narrative implies that at €28.90, Konecranes trades at a material discount to that €34.25 estimate, while still acknowledging execution risks around cyclicality, foreign exchange, service demand and supply chains.

    Result: Fair Value of €34.25 (UNDERVALUED)

    Still, the bullish Konecranes story can crack if cyclical port and industrial demand weakens further, or if currency swings and supply chain issues keep eroding profitability.

    Find out about the key risks to this Konecranes narrative.

    Next Steps

    If the Konecranes story feels split between confidence and concern, treat that as your cue to move fast and review the full picture yourself with our breakdown of 4 key rewards and 1 important warning sign.

    Looking for more Konecranes investment ideas?

    If you are weighing what to do next after Konecranes, do not stop here. Fresh ideas often come from comparing quality, value and resilience side by side.

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.