Kernel Holding S.A. operates as a diversified agricultural company in Ukraine, Europe, and North America. More Details
+ 1 more risk
Good value with mediocre balance sheet.
Share Price & News
How has Kernel Holding's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: KER has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: KER underperformed the Polish Food industry which returned -1.2% over the past year.
Return vs Market: KER exceeded the Polish Market which returned -16.3% over the past year.
Price Volatility Vs. Market
How volatile is Kernel Holding's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StDoes Kernel Holding (WSE:KER) Have A Healthy Balance Sheet?
3 weeks ago | Simply Wall StZooming in on WSE:KER's 2.5% Dividend Yield
1 month ago | Simply Wall StIs It Too Late To Consider Buying Kernel Holding S.A. (WSE:KER)?
Is Kernel Holding undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: KER (PLN39.95) is trading above our estimate of fair value (PLN38.06)
Significantly Below Fair Value: KER is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: KER is good value based on its PE Ratio (7.3x) compared to the PL Food industry average (12.6x).
PE vs Market: KER is good value based on its PE Ratio (7.3x) compared to the Polish market (12.6x).
Price to Earnings Growth Ratio
PEG Ratio: KER is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: KER is good value based on its PB Ratio (0.6x) compared to the PL Food industry average (0.7x).
How is Kernel Holding forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: KER's forecast earnings growth (19.7% per year) is above the savings rate (2.9%).
Earnings vs Market: KER's earnings (19.7% per year) are forecast to grow faster than the Polish market (14.7% per year).
High Growth Earnings: KER's earnings are forecast to grow, but not significantly.
Revenue vs Market: KER's revenue (2.6% per year) is forecast to grow slower than the Polish market (4.8% per year).
High Growth Revenue: KER's revenue (2.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: KER's Return on Equity is forecast to be low in 3 years time (12.5%).
How has Kernel Holding performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KER has a large one-off loss of $38.5M impacting its June 30 2020 financial results.
Growing Profit Margin: KER's current net profit margins (2.9%) are lower than last year (4.8%).
Past Earnings Growth Analysis
Earnings Trend: KER's earnings have declined by 13% per year over the past 5 years.
Accelerating Growth: KER's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: KER had negative earnings growth (-37.7%) over the past year, making it difficult to compare to the Food industry average (-29.4%).
Return on Equity
High ROE: KER's Return on Equity (8.2%) is considered low.
How is Kernel Holding's financial position?
Financial Position Analysis
Short Term Liabilities: KER's short term assets ($1.5B) exceed its short term liabilities ($412.6M).
Long Term Liabilities: KER's short term assets ($1.5B) exceed its long term liabilities ($1.3B).
Debt to Equity History and Analysis
Debt Level: KER's debt to equity ratio (68.1%) is considered high.
Reducing Debt: KER's debt to equity ratio has increased from 51.2% to 68.1% over the past 5 years.
Debt Coverage: KER's debt is well covered by operating cash flow (26.5%).
Interest Coverage: KER's interest payments on its debt are not well covered by EBIT (2.6x coverage).
What is Kernel Holding current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: KER's dividend (2.42%) is higher than the bottom 25% of dividend payers in the Polish market (1.79%).
High Dividend: KER's dividend (2.42%) is low compared to the top 25% of dividend payers in the Polish market (5.85%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, KER has been paying a dividend for less than 10 years.
Growing Dividend: KER has only been paying a dividend for 7 years, and since then payments have not increased.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (17.6%), KER's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: KER's dividends in 3 years are forecast to be well covered by earnings (39.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Yevgen Osypov (44 yo)
Mr. Yevgen Osypov serves as an Executive Director at Kernel Holding S.A. since December 11, 2017. He serves as Chief Executive Officer at Kernel Holding S.A. and served as its General Manager of Farming. M ...
|Founder & Chairman of the Board||no data||no data||no data|
|CFO & Executive Director||13.08yrs||US$150.00k||no data|
|Chief Legal Officer & Executive Director||13.08yrs||US$96.00k||no data|
|CEO & Executive Director||no data||no data||no data|
|Corporate Investment Director||8.83yrs||no data||no data|
|Non-Executive Independent Director||13yrs||US$45.00k||no data|
|Non-Executive Independent Director||7.92yrs||no data||no data|
|Non-Executive Independent Director||3.83yrs||no data||no data|
Experienced Board: KER's board of directors are considered experienced (8.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.6%.
Kernel Holding S.A.'s company bio, employee growth, exchange listings and data sources
- Name: Kernel Holding S.A.
- Ticker: KER
- Exchange: WSE
- Founded: 1995
- Industry: Agricultural Products
- Sector: Food, Beverage & Tobacco
- Market Cap: zł3.340b
- Shares outstanding: 84.03m
- Website: https://www.kernel.ua
Number of Employees
- Kernel Holding S.A.
- 3 Tarasa Shevchenka Lane
- Kyyivska obl.
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|KER||WSE (Warsaw Stock Exchange)||Yes||Ordinary Bearer Shares||PL||PLN||Nov 2007|
|0Q9Y||LSE (London Stock Exchange)||Yes||Ordinary Bearer Shares||GB||PLN||Nov 2007|
|0KE||DB (Deutsche Boerse AG)||Yes||Ordinary Bearer Shares||DE||EUR||Nov 2007|
Kernel Holding S.A. operates as a diversified agricultural company in Ukraine, Europe, and North America. The company operates through three segments: Oilseed Processing, Infrastructure and Trading, and Fa ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/20 20:32|
|End of Day Share Price||2020/10/20 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.