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Kernel Holding S.A. (KARNF)

USD5.20 +0.00 (+0.00%)
UA OTC Consumer Defensive Food Distribution
Address 3 Tarasa Shevchenka Lane 1001
Kiev, UA
CEO Yevgen Osypov
Website kernel.ua
IPO 2014-05-27
ISIN LU0327357389

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Also trades on Other OTC · KARNF (USD) Warsaw Stock Exchange · KER.WA (PLN)
Description

Kernel Holding S.A., in conjunction with its subsidiary companies, operates a diverse agricultural enterprise spanning multiple countries, including Ukraine, Singapore, India, China, Switzerland, the Netherlands, and other international markets. The company's operations are divided into three principal divisions: Oilseed Processing, Infrastructure and Trading, and Farming. Within the Oilseed Processing segment, activities encompass the sourcing, manufacturing, and distribution of both bottled and bulk sunflower oil, alongside meal products. This division also generates renewable energy through the processing of biomass. The Infrastructure and Trading segment delivers a comprehensive suite of services, such as grain handling, logistics, and transshipment. It further provides cleaning, drying, and storage solutions for grains and oilseeds, in addition to proprietary trading and silo management. This segment is also responsible for the procurement and merchandising of wholesale edible oils and grains. The Farming division is dedicated to agricultural cultivation, producing major crops like corn, wheat, soybeans, sunflower seeds, and rapeseed. Established in 1995, Kernel Holding S.A. maintains its corporate headquarters in Kyiv, Ukraine.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
USD5.20 +0.00 (+0.00%)
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Volume Profile
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Liquidity & share structure
Average Volume
81
Beta
0.77
Float Shares
14.18M
Free Float %
4.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.00% +0.00% +0.00% -13.33% -12.46% -12.46% +5.05% +48.57% -70.70% -49.89% -48.06%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
5.20
DCF (Unlevered) 11.73 +125.6%
DCF (Levered) 7.34 +41.2%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Quality scores
Altman Z-Score
3.93
Safe zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
4 / 10
Developing
Operational MOAT
✗ Below peers
  • Revenue growth Food Distribution: +7.7%
    +14.1% Q1'26: +0.5% (vs Q1'25)
  • EPS growth Food Distribution: +4.1%
    +22.7% Q1'26: +114.3% (vs Q1'25)
  • FCF margin FCF growth · Food Distribution: +15.4%
    +4.1% Q1'26: +20.2% (vs Q1'25)
  • EBIT margin Food Distribution: +3.6%
    +8.6% Q1'26: +12.0% (vs Q1'25)
  • ROIC Food Distribution: +6.5%
    +13.2% Q1'26: +19.3% (vs Q1'25)
  • Share dilution Food Distribution: +0.0%
    +14.2% Q1'26: -0.1% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Food Distribution: 0.80×
    1.65× Q1'26: 1.23× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.83) × ERP
WACC = 67% × Ke + 33% × Kd (11.2%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 11.73 Current price: 5.20
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Jun 2015
actual
Jun 2016
actual
Jun 2017
actual
Jun 2018
actual
Jun 2019
actual
Jun 2020
actual
Jun 2021
actual
Jun 2022
actual
Jun 2023
actual
Jun 2024
actual
Jun 2025
actual
Jun 2026
1 Rev. Ana.
1 EPS Ana.
Jun 2027
1 Rev. Ana.
Revenue
2.33B
est: 2.38B (-2.2%)
1.99B
est: 2.14B (-7.1%)
2.17B
est: 2.14B (+1.4%)
2.40B
est: 2.33B (+3.3%)
3.99B
est: 3.73B (+7.1%)
4.11B
est: 4.02B (+2.1%)
5.59B
est: 4.98B (+12.3%)
5.33B
est: 5.85B (-8.8%)
3.46B
est: 5.35B (-35.4%)
3.61B
est: 3.70B (-2.6%)
4.12B
est: 4.01B (+2.7%)
4.30B
4.30B – 4.30B
+7.3% YoY
4.30B
4.30B – 4.30B
+0.0% YoY
EBITDA
187.73M
est: 287.70M (-34.7%)
346.40M
est: 258.72M (+33.9%)
354.59M
est: 258.44M (+37.2%)
302.56M
est: 281.17M (+7.6%)
189.22M
est: 450.54M (-58.0%)
340.47M
est: 485.77M (-29.9%)
793.94M
est: 601.74M (+31.9%)
421.32M
est: 706.36M (-40.4%)
518.30M
est: 646.33M (-19.8%)
437.84M
est: 447.40M (-2.1%)
459.87M
est: 484.07M (-5.0%)
519.53M
519.53M – 519.53M
+7.3% YoY
519.53M
519.53M – 519.53M
+0.0% YoY
EBIT
93.42M
est: 230.28M (-59.4%)
278.12M
est: 207.08M (+34.3%)
295.92M
est: 206.86M (+43.1%)
279.98M
est: 225.06M (+24.4%)
109.66M
est: 360.63M (-69.6%)
276.37M
est: 388.82M (-28.9%)
677.45M
est: 481.64M (+40.7%)
303.35M
est: 565.39M (-46.3%)
439.53M
est: 517.34M (-15.0%)
332.41M
est: 358.11M (-7.2%)
354.59M
est: 387.46M (-8.5%)
415.84M
415.84M – 415.84M
+7.3% YoY
415.84M
415.84M – 415.84M
+0.0% YoY
Net Income
106.93M
est: 604.44M (-82.3%)
225.15M
est: 773.55M (-70.9%)
176.24M
est: 712.43M (-75.3%)
52.14M
est: 318.95M (-83.7%)
189.46M
est: 750.49M (-74.8%)
144.83M
est: 382.45M (-62.1%)
512.71M
est: 1.23B (-58.5%)
-41.10M
est: 331.40M (-112.4%)
299.19M
est: 1.66B (-82.0%)
169.11M
est: 551.36M (-69.3%)
238.16M
est: 674.54M (-64.7%)
251.09M
251.09M – 251.09M
-62.8% YoY
— – —
-100.0% YoY
SGA
208.14M
est: 62.62M (+232.4%)
174.17M
est: 56.31M (+209.3%)
168.42M
est: 56.25M (+199.4%)
165.81M
est: 61.20M (+170.9%)
21.10M
est: 98.07M (-78.5%)
27.99M
est: 105.73M (-73.5%)
22.77M
est: 130.98M (-82.6%)
24.27M
est: 153.75M (-84.2%)
24.24M
est: 140.68M (-82.8%)
211.62M
est: 97.38M (+117.3%)
235.27M
est: 105.36M (+123.3%)
113.08M
113.08M – 113.08M
+7.3% YoY
113.08M
113.08M – 113.08M
+0.0% YoY
EPS
1.34
est: 2.06 (-35.0%)
2.83
est: 2.64 (+7.3%)
2.19
est: 2.43 (-9.8%)
0.64
est: 1.09 (-41.2%)
2.31
est: 2.56 (-9.7%)
1.42
est: 1.30 (+8.9%)
6.10
est: 4.21 (+44.9%)
-0.47
est: 1.13 (-141.6%)
3.86
est: 5.67 (-31.9%)
0.66
est: 1.88 (-64.9%)
0.81
est: 2.30 (-64.8%)
0.86
0.86 – 0.86
-62.8% YoY
— – —
-100.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-04-21 A- 4/5 3/5 3/5 5/5 2/5 4/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-15.34M
OE per share TTM
-0.05
Owner's Yield
-1.01%
Maintenance CapEx ratio
148.05%
Maint CapEx / Avg PPE
27.7%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
32.8K
Shares Outstanding
293.13M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Anastasiia Usachova Executive Director female
Andrii Verevskyi Founder & Chairman of the Board male
Andriy Paladiy Head of Trading vegetable oils and proteins male
Artem Aleksandrovich Filipyev Chief Legal Officer male
Oksana Karabin Head of Grain trading Department female
Sergiy Volkov Chief Financial Officer & Director male
Yevgen Osypov Chief Executive Officer & Executive Director male
Yuriy Kovalchuk FCCA Corporate Investment Director & Director male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits