Kornit Digital Ltd.

DB:0KD Stock Report

Market Cap: €1.4b

Kornit Digital Valuation

Is 0KD undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0KD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0KD (€29.4) is trading above our estimate of fair value (€21)

Significantly Below Fair Value: 0KD is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0KD?

Key metric: As 0KD is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 0KD. This is calculated by dividing 0KD's market cap by their current revenue.
What is 0KD's PS Ratio?
PS Ratio7.5x
SalesUS$199.71m
Market CapUS$1.49b

Price to Sales Ratio vs Peers

How does 0KD's PS Ratio compare to its peers?

The above table shows the PS ratio for 0KD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.7x
PFV Pfeiffer Vacuum Technology
1.7xn/a€1.5b
DUE Dürr
0.3x4.1%€1.5b
KSB KSB SE KGaA
0.4x4.4%€1.1b
STM Stabilus
0.6x5.7%€815.1m
0KD Kornit Digital
7.5x10.4%€1.5b

Price-To-Sales vs Peers: 0KD is expensive based on its Price-To-Sales Ratio (7.5x) compared to the peer average (0.7x).

Price to Sales Ratio vs Industry

How does 0KD's PS Ratio compare vs other companies in the DE Machinery Industry?

5 CompaniesPrice / SalesEstimated GrowthMarket Cap
HDD Heidelberger Druckmaschinen
0.1x4.3%US$290.30m
SKB Koenig & Bauer
0.1x4.8%US$192.04m
SF3 STS Group
0.08x4.2%US$24.18m
GRF Greiffenberger
0.07xn/aUS$4.30m
0KD 7.5xIndustry Avg. 0.5xNo. of Companies12PS00.61.21.82.43+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 0KD is expensive based on its Price-To-Sales Ratio (7.5x) compared to the German Machinery industry average (0.5x).

Price to Sales Ratio vs Fair Ratio

What is 0KD's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0KD PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio7.5x
Fair PS Ratio1x

Price-To-Sales vs Fair Ratio: 0KD is expensive based on its Price-To-Sales Ratio (7.5x) compared to the estimated Fair Price-To-Sales Ratio (1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 0KD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€29.40
€27.42
-6.7%
11.6%€30.56€23.16n/a5
Nov ’25€21.00
€23.67
+12.7%
2.9%€24.39€22.59n/a5
Oct ’25€23.00
€23.67
+2.9%
2.9%€24.39€22.59n/a5
Sep ’25€16.70
€21.24
+27.2%
11.0%€24.72€18.31n/a5
Aug ’25€14.30
€21.78
+52.3%
10.0%€25.13€19.54n/a5
Jul ’25€13.40
€21.78
+62.5%
10.0%€25.13€19.54n/a5
Jun ’25€12.80
€21.78
+70.1%
10.0%€25.13€19.54n/a5
May ’25€14.50
€22.46
+54.9%
8.4%€25.06€19.49n/a5
Apr ’25€15.80
€22.46
+42.2%
8.4%€25.06€19.49n/a5
Mar ’25€16.41
€22.46
+36.9%
8.4%€25.06€19.49n/a5
Feb ’25€15.58
€22.02
+41.3%
8.3%€24.77€19.26n/a5
Jan ’25€17.27
€22.02
+27.5%
8.3%€24.77€19.26n/a5
Dec ’24€16.72
€24.54
+46.8%
19.8%€34.70€19.69n/a6
Nov ’24€12.80
€27.02
+111.2%
14.0%€33.70€20.95€21.006
Oct ’24€17.06
€27.02
+58.4%
14.0%€33.70€20.95€23.006
Sep ’24€20.25
€27.02
+33.4%
14.0%€33.70€20.95€16.706
Aug ’24€28.53
€27.08
-5.1%
16.5%€33.77€19.17€14.306
Jul ’24€26.66
€27.08
+1.6%
16.5%€33.77€19.17€13.406
Jun ’24€20.73
€26.41
+27.4%
15.9%€32.06€19.23€12.806
May ’24€15.99
€27.94
+74.8%
14.4%€32.59€21.42€14.506
Apr ’24€17.60
€27.94
+58.7%
14.4%€32.59€21.42€15.806
Mar ’24€19.10
€28.30
+48.1%
13.3%€33.01€21.69€16.417
Feb ’24€23.00
€32.83
+42.7%
18.7%€39.85€23.17€15.587
Jan ’24€20.40
€35.56
+74.3%
16.5%€41.51€24.14€17.276
Dec ’23€24.40
€35.56
+45.7%
16.5%€41.51€24.14€16.726
Nov ’23€27.00
€52.99
+96.3%
31.9%€88.32€33.25€12.806

Analyst Forecast: Target price is lower than the current share price.

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