NasdaqGS:KRNT

Stock Analysis Report

Executive Summary

Kornit Digital Ltd. develops, designs, and markets digital printing solutions for the fashion, apparel, and home decor segments of printed textile industry worldwide.


Snowflake Analysis

Flawless balance sheet with moderate growth potential.


Similar Companies

Share Price & News

How has Kornit Digital's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: KRNT's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

15.1%

KRNT

11.0%

US Machinery

9.4%

US Market


1 Year Return

-3.9%

KRNT

-16.6%

US Machinery

-6.8%

US Market

Return vs Industry: KRNT exceeded the US Machinery industry which returned -23.5% over the past year.

Return vs Market: KRNT underperformed the US Market which returned -13.3% over the past year.


Shareholder returns

KRNTIndustryMarket
7 Day15.1%11.0%9.4%
30 Day-23.1%-3.9%-3.9%
90 Day-31.3%-22.6%-16.5%
1 Year-3.9%-3.9%-14.1%-16.6%-4.8%-6.8%
3 Year42.3%42.3%10.4%2.4%23.4%15.2%
5 Year84.1%84.1%30.2%13.6%41.3%25.7%

Price Volatility Vs. Market

How volatile is Kornit Digital's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Kornit Digital undervalued compared to its fair value and its price relative to the market?

99.37x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate KRNT's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate KRNT's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: KRNT is poor value based on its PE Ratio (86.4x) compared to the Machinery industry average (15.2x).

PE vs Market: KRNT is poor value based on its PE Ratio (86.4x) compared to the US market (12.5x).


Price to Earnings Growth Ratio

PEG Ratio: KRNT is poor value based on its PEG Ratio (2.4x)


Price to Book Ratio

PB vs Industry: KRNT is overvalued based on its PB Ratio (2.8x) compared to the US Machinery industry average (1.6x).


Next Steps

Future Growth

How is Kornit Digital forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

34.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KRNT's forecast earnings growth (35.6% per year) is above the savings rate (1.7%).

Earnings vs Market: KRNT's earnings (35.6% per year) are forecast to grow faster than the US market (13.4% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: KRNT's revenue (4.9% per year) is forecast to grow slower than the US market (7% per year).

High Growth Revenue: KRNT's revenue (4.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if KRNT's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Kornit Digital performed over the past 5 years?

24.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KRNT has high quality earnings.

Growing Profit Margin: KRNT's current net profit margins (5.7%) are lower than last year (8.7%).


Past Earnings Growth Analysis

Earnings Trend: KRNT's earnings have grown significantly by 24.3% per year over the past 5 years.

Accelerating Growth: KRNT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: KRNT had negative earnings growth (-18.2%) over the past year, making it difficult to compare to the Machinery industry average (-1.6%).


Return on Equity

High ROE: KRNT's Return on Equity (3%) is considered low.


Next Steps

Financial Health

How is Kornit Digital's financial position?


Financial Position Analysis

Short Term Liabilities: KRNT's short term assets ($253.3M) exceed its short term liabilities ($45.6M).

Long Term Liabilities: KRNT's short term assets ($253.3M) exceed its long term liabilities ($21.6M).


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


Next Steps

Dividend

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


Dividend Yield vs Market

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of KRNT's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

2.5yrs

Average management tenure


CEO

Ronen Samuel (50yo)

1.67s

Tenure

US$1,300,000

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

Compensation vs Market: Ronen's total compensation ($USD1.30M) is below average for companies of similar size in the US market ($USD3.25M).

Compensation vs Earnings: Ronen's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Ronen Samuel
CEO & Director1.67yrsUS$1.30mno data
Guy Avidan
Chief Financial Officer5.58yrsUS$900.00kno data
Amir Shaked-Mandel
Vice President of Corporate Development2.5yrsUS$639.00kno data
Ofer Ben-Zur
Co-Founder & Director18.25yrsUS$475.00kno data
Ilan Givon
Vice President of Operations2.58yrsno datano data
Kobi Mann
Chief Technology Officer0.25yrno datano data
Omer Kulka
Chief Marketing Officer2.75yrsno datano data
Ayelet Godard
Vice President of Human Resources6.25yrsno datano data
Jecka Glasman
Chief Commercial Officer0.42yrno datano data
Andy Yarrow
President of Kornit Digital Asia Pacific1.17yrsno datano data

2.5yrs

Average Tenure

50.5yo

Average Age

Experienced Management: KRNT's management team is considered experienced (2.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ronen Samuel
CEO & Director1.67yrsUS$1.30mno data
Ofer Ben-Zur
Co-Founder & Director18.25yrsUS$475.00kno data
Yuval Cohen
Chairman8.67yrsno datano data
Yehoshua Nir
Independent Director1.75yrsno datano data
Lauri Hanover
Independent Director5.08yrsno datano data
Alon Lumbroso
Independent Director5.08yrsno datano data
Dov Ofer
Independent Director5.08yrsno datano data
Gabi Seligsohn
Director5.08yrsUS$1.28mno data
Stephen Nigro
Independent Director0.67yrno datano data

5.1yrs

Average Tenure

57yo

Average Age

Experienced Board: KRNT's board of directors are considered experienced (5.1 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

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10.3%.


Top Shareholders

Company Information

Kornit Digital Ltd.'s company bio, 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
  • Market Cap: US$1.080b
  • Shares outstanding: 40.72m
  • 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

Biography

Kornit Digital Ltd. develops, designs, and markets digital printing solutions for the fashion, apparel, and home decor segments of printed textile industry worldwide. The company’s solutions include digital printing systems, ink and other consumables, associated software, and value added services. It products and services include direct-to-garment printing systems from smaller industrial operators to mass producers; NeoPigment ink and other consumables; QuickP designer software; and maintenance and support, and professional services. The company serves decorators, online businesses, brand owners, and contract printers. Kornit Digital Ltd. was founded in 2002 and is headquartered in Rosh-Ha`Ayin, Israel. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/10 09:03
End of Day Share Price2020/04/09 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.