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.

Snowflake

Fundamentals

Flawless balance sheet with high 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


Market Performance


7 Day Return

5.7%

KRNT

5.1%

US Machinery

2.3%

US Market


1 Year Return

78.6%

KRNT

2.8%

US Machinery

5.6%

US Market

Return vs Industry: KRNT exceeded the US Machinery industry which returned 2.8% over the past year.

Return vs Market: KRNT exceeded the US Market which returned 5.6% over the past year.


Shareholder returns

KRNTIndustryMarket
7 Day5.7%5.1%2.3%
30 Day4.9%-2.1%-1.0%
90 Day12.9%-1.3%-0.7%
1 Year78.6%78.6%5.0%2.8%7.9%5.6%
3 Year226.2%226.2%46.5%37.0%45.6%36.3%
5 Yearn/a59.6%40.4%65.8%47.6%

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?

130.49x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: KRNT ($33.27) is trading above our estimate of fair value ($12)

Significantly Undervalued: KRNT is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: KRNT is poor value based on its PE Ratio (130.5x) compared to the Machinery industry average (19.9x).

PE vs Market: KRNT is poor value based on its PE Ratio (130.5x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

Low PEG Ratio: KRNT is poor value based on its PEG Ratio (1.5x)


Price to Book Ratio

PB vs Industry: KRNT is overvalued based on its PB Ratio (3.8x) compared to the US Machinery industry average (2.2x).


Next Steps

Future Growth

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

88.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KRNT's forecast earnings growth (88.9% per year) is above the savings rate (2.7%).

Earnings vs Market: KRNT's earnings (88.9% per year) are forecast to grow faster than the US market (14.5% per year).

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

Revenue vs Market: KRNT's revenue (23.6% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: KRNT's revenue (23.6% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High 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?

17.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: KRNT's earnings have grown by 17.7% per year over the past 5 years.

Accelerating Growth: KRNT's earnings growth over the past year (385.4%) exceeds its 5-year average (17.7% per year).

Earnings vs Industry: KRNT earnings growth over the past year (385.4%) exceeded the Machinery industry 18.7%.


Return on Equity

High ROE: KRNT's Return on Equity (2.8%) is considered low.


Return on Assets

ROA vs Industry: KRNT's Return on Assets is below or equal to the Machinery industry average last year.


Return on Capital Employed

ROCE Improving: KRNT's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Kornit Digital's financial position?


Financial Position Analysis

Short Term Liabilities: KRNT's short term assets ($285.2M) exceeds its short term liabilities ($39.4M)

Long Term Liabilities: KRNT's short term assets (285.2M) exceeds its long term liabilities (13.9M)


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

Inventory Level: KRNT has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if KRNT's debt is covered by short term assets.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage2.1%forecastin3Years0%

Current dividend yield vs market & industry


Stability and Growth of Payments

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.

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

What is the CEO of Kornit Digital's salary, the management and board of directors tenure and is there insider trading?

2.1yrs

Average management tenure


CEO

Ronen Samuel (50yo)

1.2yrs

Tenure

US$745,000

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 has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.

Compensation vs Earnings: Insufficient data to compare Ronen's compensation with company performance.


Management Age and Tenure

2.1yrs

Average Tenure

52yo

Average Age

Experienced Management: KRNT's management team is considered experienced (2.1 years average tenure).


Board Age and Tenure

4.6yrs

Average Tenure

55.5yo

Average Age

Experienced Board: KRNT's board of directors are considered experienced (4.6 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Guy Avidan (57yo)

    Chief Financial Officer

    • Tenure: 5.1yrs
    • Compensation: US$837.00k
  • Ofer Ben-Zur (54yo)

    Co-Founder & Director

    • Tenure: 17.8yrs
    • Compensation: US$475.00k
  • Gilad Yron (46yo)

    Executive Vice President of Sales

    • Tenure: 0yrs
    • Compensation: US$831.00k
  • Ayelet Godard

    Vice President of Human Resources

    • Tenure: 5.8yrs
  • Ilan Givon

    Vice President of Operations

    • Tenure: 2.1yrs
  • Amir Shaked-Mandel

    Vice President of Corporate Development

    • Tenure: 2yrs
  • Ronen Samuel (50yo)

    CEO & Director

    • Tenure: 1.2yrs
    • Compensation: US$745.00k
  • Andy Yarrow

    President of Kornit Digital Asia Pacific

    • Tenure: 0.7yrs

Board Members

  • Yuval Cohen (57yo)

    Chairman

    • Tenure: 8.2yrs
  • Shuki Nir (49yo)

    External Director

    • Tenure: 1.3yrs
  • Lauri Hanover (59yo)

    Independent Director

    • Tenure: 4.6yrs
  • Alon Lumbroso (62yo)

    Independent Director

    • Tenure: 4.6yrs
  • Dov Ofer (65yo)

    Independent Director

    • Tenure: 4.6yrs
  • Gabi Seligsohn (53yo)

    Director

    • Tenure: 4.6yrs
    • Compensation: US$1.28m
  • Ofer Ben-Zur (54yo)

    Co-Founder & Director

    • Tenure: 17.8yrs
    • Compensation: US$475.00k
  • Steve Nigro

    Director

    • Tenure: 0.2yrs
  • Ronen Samuel (50yo)

    CEO & Director

    • Tenure: 1.2yrs
    • Compensation: US$745.00k

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$1.343b
  • Shares outstanding: 40.38m
  • Website: https://www.kornit.com

Number of Employees


Location

  • Kornit Digital Ltd.
  • 12 Ha`Amal Street
  • Afek Park
  • Rosh-Ha`Ayin
  • 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. The company’s solutions include digital printing ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/18 00:15
End of Day Share Price2019/10/17 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.