Kalmar
Research Kalmar (KALMAR) on Bullrun: valuation model: 21.8% undervalued, market cap EUR 2.50B, P/E 14.6, dividend yield 2.8%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerKALMAR
- ExchangeHE
- CountryFinland
- SectorIndustrials
- IndustryFarm & Heavy Construction Machinery
- CurrencyEUR
- Valuation signal21.8% undervalued
- Market capEUR 2.50B
- P/E14.6
- Dividend yield2.8%
- Financial periodQ2 2026
- RevenueEUR 479.60M
- Net incomeEUR 44.10M
- Free cash flowEUR 46.80M
- Gross margin25.2%
Valuation Snapshot
Bullrun's latest valuation model marks Kalmar as 21.8% undervalued; latest market cap is EUR 2.50B; P/E is 14.6; dividend yield is 2.8%.
Peer valuation comparison
Latest P/E is 14.57x versus a Industrials sector median of 20.76x (29.8% below).
Latest dividend yield is 2.76% versus a Industrials sector median of 2.39% (15.5% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | EUR 1.74B | EUR 163.40M | n/a | 26.2% | n/a | EUR 278.40M | EUR 286.50M | EUR 717.80M |
| FY2024 | EUR 1.72B | EUR 127.80M | n/a | 26.3% | n/a | EUR 260.60M | EUR 340.80M | EUR 638.20M |
| FY2023 | EUR 2.05B | EUR 193.70M | n/a | 24.8% | n/a | EUR 82.60M | n/a | n/a |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | EUR 2.50B | 14.6 | 2.8% | 1.1 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 1.1 EUR, yield 2.8%.
About Kalmar
Kalmar Oyj provides heavy material handling equipment and services for ports, terminals, distribution centres, manufacturing, and heavy logistics industries in the Americas, Europe, Asia, the Middle East, and Africa. It operates in two segments, Equipment and Services. The company offers reach stackers, forklift trucks, empty container handlers, terminal tractors, straddle carriers, and spreaders. It also provides spare parts; on-call and contract maintenance services; and data, analytics, and AI services.
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Frequently asked questions
Is Kalmar overvalued or undervalued?
Bullrun's valuation model currently marks Kalmar as 21.8% undervalued.
What is Kalmar's market cap?
Kalmar's market capitalization is EUR 2.50B.
What is Kalmar's P/E ratio?
Kalmar's price-to-earnings (P/E) ratio is 14.6.
Does Kalmar pay a dividend?
Kalmar has a dividend yield of 2.8%.
What does Kalmar do?
Kalmar Oyj provides heavy material handling equipment and services for ports, terminals, distribution centres, manufacturing, and heavy logistics industries in the Americas, Europe, Asia, the Middle East, and Africa. It operates in two segments, Equipment and Services. The company offers reach stackers, forklift trucks, empty container handlers, terminal tractors, straddle carriers, and spreaders. It also provides spare parts; on-call and contract maintenance services; and data, analytics, and AI services.