KONE Corporation: Company Profile and SWOT Analysis by ICDResearch

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									KONE Corporation

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KONE Corporation                                                        Financial Snapshot

                                                                        Operating Performance
Fast Facts
                                                                        The company reported revenues of US$6,648.80
Headquarters Address                   PO Box 7, Espoo, 02150,Finland
                                                                        million during 2010, with a CAGR of 10.24% during
                                                                        2006–2010. Its revenue grew at an annual rate of
Telephone                              + 358 204 751
                                                                        0.92% over the previous fiscal year. In 2010, the
                                                                        company recorded an operating margin of 13.97%, as
Fax                                    + 358 204 754496                 against 11.95% in 2009.

Website                                www.kone.com
                                                                        Revenue and Margins
Ticker Symbol, Stock Exchange          KNEBV, Helsinki Stock Exchange

Number of Employees                    33,755

Fiscal Year End                        December

Revenue (in US$ million)               6,648.80

Revenue (in EUR million)               4,986.60




SWOT Analysis                                                           Return on Equity

Strengths                              Weaknesses                       The company recorded a return on equity (ROE) of
                                                                        33.47% for 2010, as compared to its peers, Fujitec
Diversified Geographical Presence      Limited Liquidity Position       Co., Ltd. (Ticker: 6406), Schindler Holding Ltd (Ticker:
                                                                        SCHN) and ThyssenKrupp AG (Ticker: TKA), which
                                                                        recorded ROEs of 100.00%, 24.94% and 9.69%
Improving Operational Performance                                       respectively. The company reported an operating
                                                                        margin of 13.97% in 2010.
Strong Solvency Position
                                                                        Return on Equity
Opportunities                          Threats
                                       Negative Outlook of the US
Growing European Construction Sector
                                       Construction Industry

Growing Residential Market in India    Skilled Labor Availability

Growth in Canada Construction
                                       Volatile Input Prices
Industry




                                                                        Liquidity Position

                                                                        The company reported a current ratio of 1.36 in 2010,
                                                                        as compared to its peers, Fujitec Co., Ltd., Schindler
                                                                        Holding Ltd and ThyssenKrupp AG, which recorded
                                                                        current ratios of 1.00, 1.47 and 1.16 respectively. As
                                                                        of December 2010, the company recorded cash and
                                                                        short-term investments of worth US$1,079.20 million,
                                                                        against US$11.47 million current debt. The company
                                                                        reported a debt to equity ratio of 0.04 in 2010 as
                                                                        compared to its peers, Fujitec Co., Ltd., Schindler
                                                                        Holding Ltd and ThyssenKrupp AG, which recorded
                                                                        debt to equity ratios of 1.00, 0.10 and 1.07
                                                                        respectively.




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KONE Corporation - SWOT Profile                                                                                  Page 1
KONE Corporation

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TABLE OF CONTENTS

1     Business Analysis ................................................................................................................................... 5
    1.1       Company Overview ................................................................................................................................................5
    1.2       Business Description ..............................................................................................................................................5
    1.3       Major Products and Services .................................................................................................................................6
2     Analysis of Key Performance Indicators ............................................................................................... 7
    2.1       Five Year Snapshot: Overview of Financial and Operational Performance Indicators ..........................................7
    2.2       Key Financial Performance Indicators .................................................................................................................10
      2.2.1       Revenue and Operating Profit .........................................................................................................................10
      2.2.2       Asset, Liabilities and Capex .............................................................................................................................11
      2.2.3       Operational Efficiency ......................................................................................................................................12
      2.2.4       Solvency ..........................................................................................................................................................13
      2.2.5       Valuation ..........................................................................................................................................................14
    2.3       Competitive Benchmarking ..................................................................................................................................15
      2.3.1       Market Capitalization .......................................................................................................................................15
      2.3.2       Efficiency ..........................................................................................................................................................16
      2.3.3       Valuation ..........................................................................................................................................................17
      2.3.4       Turnover – Inventory and Asset .......................................................................................................................18
      2.3.5       Liquidity ............................................................................................................................................................19
3     Recent Developments ........................................................................................................................... 20
4     SWOT Analysis ...............................................................................................................
								
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