ScoreWhy is Kernel Holding SA ?
1
The company is Net-Debt Free
- The company is Net-Debt Free
2
High Debt company with Weak Long Term Fundamental Strength
3
The company has declared positive results in Mar'2026 after 4 consecutive negative quarters
- INTEREST COVERAGE RATIO(Q) Highest at 807.22
- RAW MATERIAL COST(Y) Fallen by -43.76% (YoY)
- DEBT-EQUITY RATIO (HY) Lowest at 0.09 %
4
With ROE of 8.97%, it has a fair valuation with a 0.69 Price to Book Value
- The stock is trading at a discount compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of 12.01%, its profits have fallen by -47.8%
5
Underperformed the market in the last 1 year
- The stock has generated a return of 12.01% in the last 1 year, much lower than market (Poland WIG) returns of 29.94%
Real-Time Research ReportHow much should you hold?
- Overall Portfolio exposure to Kernel Holding SA should be less than 10%
- Overall Portfolio exposure to Other Agricultural Products should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Other Agricultural Products)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Kernel Holding SA for you?
Medium Risk, High Return
Absolute
Risk Adjusted
Volatility
Kernel Holding SA
14.82%
2.49
29.17%
Poland WIG
29.57%
1.74
17.24%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
-5.45%
EBIT Growth (5y)
-12.47%
EBIT to Interest (avg)
4.03
Debt to EBITDA (avg)
0.76
Net Debt to Equity (avg)
-0.02
Sales to Capital Employed (avg)
1.43
Tax Ratio
17.78%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0.00%
ROCE (avg)
21.49%
ROE (avg)
20.63%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
8
Industry P/E
Price to Book Value
0.69
EV to EBIT
4.02
EV to EBITDA
3.09
EV to Capital Employed
0.66
EV to Sales
0.34
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
16.42%
ROE (Latest)
8.97%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Mildly Bullish
Moving Averages
Bearish (Daily)
KST
Bearish
Mildly Bearish
Dow Theory
No Trend
No Trend
OBV
Mildly Bearish
Mildly Bearish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend8What is working for the Company
INTEREST COVERAGE RATIO(Q)
Highest at 807.22
RAW MATERIAL COST(Y)
Fallen by -43.76% (YoY
DEBT-EQUITY RATIO
(HY)
Lowest at 0.09 %
OPERATING PROFIT(Q)
Highest at PLN 606.06 MM
OPERATING PROFIT MARGIN(Q)
Highest at 14.19 %
PRE-TAX PROFIT(Q)
Highest at PLN 480.97 MM
NET PROFIT(Q)
Highest at PLN 380.87 MM
-3What is not working for the Company
OPERATING CASH FLOW(Y)
Lowest at PLN 538.93 MM
Here's what is working for Kernel Holding SA
Interest Coverage Ratio
Highest at 807.22
in the last five periodsMOJO Watch
The company's ability to manage interest payments is improving
Operating Profit to Interest
Operating Profit
Highest at PLN 606.06 MM
in the last five periodsMOJO Watch
Near term Operating Profit trend is positive
Operating Profit (PLN MM)
Operating Profit Margin
Highest at 14.19 %
in the last five periodsMOJO Watch
Company's profit margin has improved
Operating Profit to Sales
Pre-Tax Profit
Highest at PLN 480.97 MM
in the last five periodsMOJO Watch
Near term Pre-Tax Profit trend is positive
Pre-Tax Profit (PLN MM)
Net Profit
Highest at PLN 380.87 MM
in the last five periodsMOJO Watch
Near term Net Profit trend is positive
Net Profit (PLN MM)
Debt-Equity Ratio
Lowest at 0.09 %
in the last five Semi-Annual periodsMOJO Watch
The company has been reducing its borrowing as compared to equity capital
Debt-Equity Ratio
Raw Material Cost
Fallen by -43.76% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin
Raw Material Cost as a percentage of Sales
Here's what is not working for Kernel Holding SA
Operating Cash Flow
Lowest at PLN 538.93 MM and Fallen
In each year in the last three yearsMOJO Watch
The company's cash revenues from business operations are falling
Operating Cash Flows (PLN MM)
InfinHub Market Technologies FZ-LLC, Building-2, Unit 112, Dubai Internet City, Dubai, United Arab Emirates
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