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KRNT

Kornit Digital NasdaqGS:KRNT Stock Report

Last Price

US$27.25

Market Cap

US$1.4b

7D

3.2%

1Y

-81.2%

Updated

29 Sep, 2022

Data

Company Financials +
KRNT fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance0/6
Financial Health6/6
Dividends0/6

KRNT Stock Overview

Kornit Digital Ltd. develops, designs, and markets digital printing solutions for the fashion, apparel, and home decor segments of printed textile industry in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally.

Kornit Digital Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Kornit Digital
Historical stock prices
Current Share PriceUS$27.25
52 Week HighUS$181.38
52 Week LowUS$20.40
Beta1.73
1 Month Change-10.89%
3 Month Change-12.80%
1 Year Change-81.17%
3 Year Change-10.42%
5 Year Change76.38%
Change since IPO94.64%

Recent News & Updates

Shareholder Returns

KRNTUS MachineryUS Market
7D3.2%-2.1%-3.1%
1Y-81.2%-16.4%-21.5%

Return vs Industry: KRNT underperformed the US Machinery industry which returned -17.4% over the past year.

Return vs Market: KRNT underperformed the US Market which returned -20.3% over the past year.

Price Volatility

Is KRNT's price volatile compared to industry and market?
KRNT volatility
KRNT Average Weekly Movement12.9%
Machinery Industry Average Movement5.3%
Market Average Movement6.9%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.8%

Stable Share Price: KRNT is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: KRNT's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
2002882Ronen Samuelhttps://www.kornit.com

Kornit Digital Ltd. develops, designs, and markets digital printing solutions for the fashion, apparel, and home decor segments of printed textile industry in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company’s solutions include digital printing systems, ink and other consumables, associated software, and value-added services. Its products and services include direct-to-garment printing platform for smaller industrial operators to mass producers; NeoPigment ink and other consumables; QuickP designer software; and maintenance and support, consulting, and professional services.

Kornit Digital Fundamentals Summary

How do Kornit Digital's earnings and revenue compare to its market cap?
KRNT fundamental statistics
Market CapUS$1.36b
Earnings (TTM)-US$19.85m
Revenue (TTM)US$315.65m

4.3x

P/S Ratio

-68.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
KRNT income statement (TTM)
RevenueUS$315.65m
Cost of RevenueUS$178.79m
Gross ProfitUS$136.85m
Other ExpensesUS$156.70m
Earnings-US$19.85m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.40
Gross Margin43.36%
Net Profit Margin-6.29%
Debt/Equity Ratio0%

How did KRNT perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

KRNT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.2x
Enterprise Value/EBITDA-38.8x
PEG Ration/a

Price to Sales Ratio vs Peers

How does KRNT's PS Ratio compare to its peers?

KRNT PS Ratio vs Peers
The above table shows the PS ratio for KRNT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average4x
HLIO Helios Technologies
1.8x1.1%US$1.7b
ERII Energy Recovery
11.7x24.9%US$1.2b
MWA Mueller Water Products
1.4x4.2%US$1.6b
HLMN Hillman Solutions
1x5.6%US$1.5b
KRNT Kornit Digital
4.3x12.6%US$1.4b

Price-To-Sales vs Peers: KRNT is expensive based on its Price-To-Sales Ratio (4.3x) compared to the peer average (4x).


Price to Earnings Ratio vs Industry

How does KRNT's PE Ratio compare vs other companies in the US Machinery Industry?

Price-To-Sales vs Industry: KRNT is expensive based on its Price-To-Sales Ratio (4.3x) compared to the US Machinery industry average (1.3x)


Price to Sales Ratio vs Fair Ratio

What is KRNT'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.

KRNT PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio4.3x
Fair PS Ratio2.8x

Price-To-Sales vs Fair Ratio: KRNT is expensive based on its Price-To-Sales Ratio (4.3x) compared to the estimated Fair Price-To-Sales Ratio (2.8x).


Share Price vs Fair Value

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

Below Fair Value: KRNT ($27.25) is trading below our estimate of fair value ($107.44)

Significantly Below Fair Value: KRNT is trading below fair value by more than 20%.


Analyst Price Targets

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

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Future Growth

How is Kornit Digital forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


99.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KRNT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

Earnings vs Market: KRNT is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: KRNT is expected to become profitable in the next 3 years.

Revenue vs Market: KRNT's revenue (12.6% per year) is forecast to grow faster than the US market (7.7% per year).

High Growth Revenue: KRNT's revenue (12.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: KRNT's Return on Equity is forecast to be low in 3 years time (4.5%).


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Past Performance

How has Kornit Digital performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


9.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: KRNT is currently unprofitable.

Growing Profit Margin: KRNT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: KRNT is unprofitable, but has reduced losses over the past 5 years at a rate of 9% per year.

Accelerating Growth: Unable to compare KRNT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: KRNT is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (9.4%).


Return on Equity

High ROE: KRNT has a negative Return on Equity (-2.19%), as it is currently unprofitable.


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Financial Health

How is Kornit Digital's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: KRNT's short term assets ($641.9M) exceed its short term liabilities ($75.3M).

Long Term Liabilities: KRNT's short term assets ($641.9M) exceed its long term liabilities ($25.7M).


Debt to Equity History and Analysis

Debt Level: KRNT is debt free.

Reducing Debt: KRNT has not had any debt for past 5 years.

Debt Coverage: KRNT has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: KRNT has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Kornit Digital current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Kornit Digital Dividend Yield vs Market
How does Kornit Digital dividend yield compare to the market?
SegmentDividend Yield
Company (Kornit Digital)n/a
Market Bottom 25% (US)1.7%
Market Top 25% (US)4.7%
Industry Average (Machinery)2.0%
Analyst forecast in 3 Years (Kornit Digital)0%

Notable Dividend: Unable to evaluate KRNT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate KRNT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if KRNT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if KRNT's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as KRNT has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

4.1yrs

Average management tenure


CEO

Ronen Samuel (52 yo)

3.08yrs

Tenure

US$2,290,000

Compensation

Mr. Ronen Samuel has been Chief Executive Officer of Kornit Digital Ltd. since August 1, 2018 and has been its Director since August 22, 2019. He is an industry veteran at HP Indigo.Mr. Samuel has spent t...


CEO Compensation Analysis

Ronen Samuel's Compensation vs Kornit Digital Earnings
How has Ronen Samuel's remuneration changed compared to Kornit Digital's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

-US$20m

Mar 31 2022n/an/a

US$5m

Dec 31 2021US$2mUS$412k

US$16m

Sep 30 2021n/an/a

US$20m

Jun 30 2021n/an/a

US$21m

Mar 31 2021n/an/a

US$10m

Dec 31 2020US$2mUS$384k

-US$5m

Sep 30 2020n/an/a

-US$1m

Jun 30 2020n/an/a

-US$5m

Mar 31 2020n/an/a

US$1m

Dec 31 2019US$1mUS$564k

US$10m

Sep 30 2019n/an/a

US$8m

Jun 30 2019n/an/a

US$11m

Mar 31 2019n/an/a

US$10m

Dec 31 2018US$745kUS$243k

US$12m

Compensation vs Market: Ronen's total compensation ($USD2.29M) is below average for companies of similar size in the US market ($USD5.56M).

Compensation vs Earnings: Ronen's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: KRNT's management team is considered experienced (4.1 years average tenure).


Board Members

Experienced Board: KRNT's board of directors are considered experienced (7.5 years average tenure).


Ownership

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.


Ownership Breakdown

What is the ownership structure of KRNT?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders103,3920.2%
Hedge Funds2,836,5875.6%
Institutions47,420,10194.2%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.6%.


Top Shareholders

Top 25 shareholders own 74.85% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
10.1%
Wasatch Advisors Inc
5,028,195$137.0m47.53%0.64%
6.51%
Artisan Partners Limited Partnership
3,241,469$88.3m36.2%0.09%
6.04%
Columbia Management Investment Advisers, LLC
3,007,367$82.0m17.36%0.02%
5.93%
Granahan Investment Management, LLC
2,954,447$80.5m28.1%2.49%
5.7%
Senvest Management, LLC
2,836,587$77.3m49.38%2.37%
4.26%
BlackRock, Inc.
2,119,073$57.7m16.18%no data
4.11%
American Capital Management, Inc.
2,045,187$55.7m0.52%2.04%
3.14%
William Blair Investment Management, LLC
1,564,854$42.6m-29.53%0.07%
2.68%
Riverbridge Partners, LLC
1,336,419$36.4m-11.6%0.54%
2.49%
abrdn plc
1,242,022$33.8m6.27%0.03%
2.33%
Polar Capital Holdings plc
1,161,567$31.7m58.38%0.16%
2.19%
Meitav Investment House Ltd
1,090,214$29.7m54.8%0.26%
2.17%
Harel Insurance Investments and Finances Services Ltd, Asset Management Arm
1,081,091$29.5m9.03%0.52%
2.01%
Gilder Gagnon Howe & Co. LLC
999,075$27.2m-32.04%0.43%
1.79%
Stephens Investment Management Group, LLC
890,221$24.3m0.71%0.43%
1.7%
Migdal Mutual Funds Ltd.
847,561$23.1m15.76%0.16%
1.51%
State Street Global Advisors, Inc.
752,199$20.5m7.4%no data
1.51%
Two Sigma Investments, LP
749,999$20.4m255.61%0.07%
1.48%
American Century Investment Management Inc
738,779$20.1m0%0.01%
1.32%
Jackson National Asset Management, LLC
657,820$17.9m40.32%0.33%
1.27%
Invesco Ltd.
634,519$17.3m-70.52%0.01%
1.19%
AXA Investment Managers S.A.
593,130$16.2m0.87%0.03%
1.17%
Chicago Capital, LLC
583,036$15.9m-0.87%0.85%
1.14%
D. E. Shaw & Co., L.P.
567,996$15.5m453.14%0.03%
1.09%
Two Sigma Advisers, LP
540,800$14.7m1650.16%0.04%

Company Information

Kornit Digital Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Kornit Digital Ltd.
  • Ticker: KRNT
  • Exchange: NasdaqGS
  • Founded: 2002
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Implied Market Cap: US$1.357b
  • Shares outstanding: 49.78m
  • Website: https://www.kornit.com

Number of Employees


Location

  • Kornit Digital Ltd.
  • 12 Ha`Amal Street
  • Afek Park
  • Rosh Haayin
  • 4809246
  • Israel


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KRNTNasdaqGS (Nasdaq Global Select)YesOrdinary SharesUSUSDApr 2015
0KDDB (Deutsche Boerse AG)YesOrdinary SharesDEEURApr 2015

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/29 00:00
End of Day Share Price2022/09/29 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.