Kps AG

KSC.DE

Information Technology Services · Technology

Price

€0.34

+0.07 (+23.90%)

Market Cap

€13.9M

Exchange

Deutsche Börse

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Aug 23, 2026 · filings through Mar 31, 2026

How the score breaks down

Quality

Weak

Growth

Weak

Cash Flow

Weak

Stability

Weak

Valuation

Data not available

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Share count rising — dilution

+10.0% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 37.4M (2021) → 41.2M (2025)

Winston Score History

The full picture

KPS AG is a German consulting and technology services firm that helps large companies transform how they operate, especially in retail, consumer goods, and manufacturing. It specializes in implementing SAP software systems and redesigning business processes so clients can run more efficiently. The company is known for its "Rapid Transformation" methodology, which aims to deliver large IT projects faster than traditional approaches.

KPS earns revenue by charging clients fees for consulting projects, system implementations, and related services — there are no recurring subscription revenues, so income depends on winning new contracts. The company operates primarily in Europe, with Germany as its home base, and serves mid-sized to large enterprises. Its gross margin of around 12% and negative operating margin signal that costs are currently outpacing revenue, which is a meaningful financial risk. The key challenge ahead is returning to profitability while competing against much larger IT consultancies like Accenture and Capgemini for SAP transformation work.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-15.5% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-100.0% YoY

YoY Growth Rate

Earnings declining

R&D Spend

€0/ year

0.0% of revenue

Below sector average (15%)

Research and development spending

Insider Activity

3.1%ownership

Relatively low insider ownership

Cash Runway

~4 months

€3M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

Kps AG has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

11.6%

Thin — 11.6% gross margin

Profit after running costs

Operating Margin

2.0%

Thin — 2.0% operating margin

Return on the money invested

ROCE

-20.9%

Weak — -20.9% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

-16.8%

Shrinking sales (-16.8% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

2/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

4.2%

Thin free cash flow (4.2%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns

Debt / Equity

1.04

Elevated debt (1.04)

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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