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Kernel Holding S.A. (KER.WA)

PLN19.20 +0.00 (+0.00%)
UA WSE Consumer Defensive Food Distribution
Address 3 Tarasa Shevchenka Lane 1001
Kiev, UA
CEO Yevgen Osypov
Website kernel.ua
IPO 2007-11-23
ISIN LU0327357389

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

Kernel Holding S.A. operates as a diversified agribusiness with operations spanning Ukraine, Europe, North America, and other international regions. Its extensive activities are structured around three core segments: Oilseed Processing, Infrastructure and Trading, and Farming. The Oilseed Processing division encompasses the full production cycle of sunflower oil, including its refining, bottling, marketing, and distribution as consumer-ready products. This segment also manufactures and supplies both crude and refined sunflower oil in bulk, in addition to various meal byproducts. Through its Infrastructure and Trading segment, the company offers essential services such as grain handling, port logistics, and transshipment at Chornomorsk. This unit also specializes in cleaning, drying, and storing grains and oilseeds, conducts proprietary trading, manages silos, and is responsible for the sourcing and merchandising of wholesale sunflower oil and grains. Kernel's Farming division is dedicated to large-scale agricultural cultivation, producing staple crops including 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
PLN19.20 +0.00 (+0.00%)
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Volume Profile
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Liquidity & share structure
Average Volume
8.1K
Beta
0.77
Float Shares
14.18M
Free Float %
4.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.00% -0.10% -3.60% -7.97% -8.63% -7.75% +4.90% +20.05% -66.70% -64.66% -19.67%
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
19.20
DCF (Unlevered) 21.10 +9.9%
DCF (Levered) 13.24 -31.0%

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.

Ratings Trend (MoM)
Rating 2026-04 Change
Strong Buy 0 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
3.64
Safe zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
4 / 10
Developing
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
3 / 5
Medium
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
2 / 5
Medium
P/E Score
4 / 5
High
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Food Distribution: +7.7%
    +14.9% Q1'26: +0.5% (vs Q1'25)
  • EPS growth Food Distribution: +4.1%
    +389.2% Q1'26: +114.3% (vs Q1'25)
  • FCF margin FCF growth · Food Distribution: +15.4%
    -2.4% Q1'26: +20.2% (vs Q1'25)
  • EBIT margin Food Distribution: +3.6%
    +8.2% Q1'26: +12.0% (vs Q1'25)
  • ROIC Food Distribution: +6.5%
    +5.1% Q1'26: +19.3% (vs Q1'25)
  • Share dilution Food Distribution: +0.0%
    +14.2% Q1'26: -0.2% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Food Distribution: 0.80×
    1.82× 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 (40.2%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 21.01 Current price: 19.20
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: 2.36B (-1.5%)
1.99B
est: 2.14B (-6.9%)
2.17B
est: 2.13B (+1.8%)
2.40B
est: 2.31B (+3.8%)
3.99B
est: 3.71B (+7.6%)
4.11B
est: 4.01B (+2.5%)
5.59B
est: 4.98B (+12.4%)
5.33B
est: 5.84B (-8.7%)
3.46B
est: 5.33B (-35.2%)
3.58B
est: 3.71B (-3.4%)
4.12B
est: 4.00B (+3.0%)
4.21B
4.21B – 4.21B
+5.3% YoY
4.21B
4.21B – 4.21B
+0.0% YoY
EBITDA
346.40M
est: 275.28M (+25.8%)
341.56M
est: 248.70M (+37.3%)
313.73M
est: 248.00M (+26.5%)
224.20M
est: 269.46M (-16.8%)
338.12M
est: 432.08M (-21.7%)
383.89M
est: 466.42M (-17.7%)
793.94M
est: 579.67M (+37.0%)
212.79M
est: 680.35M (-68.7%)
623.15M
est: 620.70M (+0.4%)
426.44M
est: 431.82M (-1.2%)
415.68M
est: 465.31M (-10.7%)
490.06M
490.06M – 490.06M
+5.3% YoY
490.06M
490.06M – 490.06M
+0.0% YoY
EBIT
183.12M
est: 216.95M (-15.6%)
298.53M
est: 196.01M (+52.3%)
254.13M
est: 195.45M (+30.0%)
110.01M
est: 212.37M (-48.2%)
261.81M
est: 340.52M (-23.1%)
278.15M
est: 367.59M (-24.3%)
677.45M
est: 456.85M (+48.3%)
83.11M
est: 536.20M (-84.5%)
518.36M
est: 489.18M (+6.0%)
321.71M
est: 340.33M (-5.5%)
338.88M
est: 366.72M (-7.6%)
386.22M
386.22M – 386.22M
+5.3% YoY
386.22M
386.22M – 386.22M
+0.0% YoY
Net Income
106.93M
est: 600.05M (-82.2%)
225.15M
est: 771.52M (-70.8%)
176.24M
est: 709.30M (-75.2%)
52.14M
est: 317.13M (-83.6%)
189.46M
est: 746.74M (-74.6%)
117.87M
est: 381.00M (-69.1%)
512.71M
est: 1.23B (-58.5%)
-41.10M
est: 331.18M (-112.4%)
299.19M
est: 1.66B (-81.9%)
167.95M
est: 552.14M (-69.6%)
238.16M
est: 672.73M (-64.6%)
252.14M
252.14M – 252.14M
-62.5% YoY
— – —
-100.0% YoY
SGA
208.14M
est: 36.16M (+475.6%)
174.17M
est: 32.67M (+433.1%)
168.42M
est: 32.58M (+417.0%)
165.81M
est: 35.40M (+368.4%)
21.10M
est: 56.76M (-62.8%)
27.99M
est: 61.27M (-54.3%)
22.77M
est: 76.15M (-70.1%)
24.27M
est: 89.37M (-72.8%)
24.24M
est: 81.54M (-70.3%)
22.22M
est: 56.73M (-60.8%)
224.87M
est: 61.13M (+267.9%)
64.38M
64.38M – 64.38M
+5.3% YoY
64.38M
64.38M – 64.38M
+0.0% YoY
EPS
1.34
est: 2.05 (-34.5%)
2.83
est: 2.63 (+7.6%)
2.19
est: 2.42 (-9.4%)
0.64
est: 1.08 (-40.8%)
2.31
est: 2.55 (-9.3%)
1.42
est: 1.30 (+9.3%)
6.10
est: 4.21 (+45.0%)
-0.51
est: 1.13 (-145.2%)
3.86
est: 5.65 (-31.7%)
0.65
est: 1.88 (-65.5%)
0.81
est: 2.29 (-64.7%)
0.86
0.86 – 0.86
-62.5% YoY
— – —
-100.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 A- 4/5 3/5 3/5 4/5 2/5 4/5 4/5
2026-05-28 A- 4/5 3/5 3/5 4/5 2/5 4/5 4/5
2026-05-27 A- 4/5 3/5 3/5 4/5 2/5 4/5 4/5
2026-05-26 A- 4/5 3/5 3/5 4/5 2/5 4/5 4/5
2026-05-25 A- 4/5 3/5 3/5 4/5 2/5 4/5 4/5
2026-05-22 A- 4/5 3/5 3/5 4/5 2/5 4/5 4/5
2026-05-21 A- 4/5 3/5 3/5 4/5 2/5 4/5 4/5
2026-05-20 A- 4/5 3/5 3/5 4/5 2/5 4/5 4/5
2026-05-19 A- 4/5 3/5 3/5 4/5 2/5 4/5 4/5
2026-05-18 A- 4/5 3/5 3/5 4/5 2/5 4/5 4/5
2026-05-15 A- 4/5 3/5 3/5 4/5 2/5 4/5 4/5
2026-05-14 A- 4/5 3/5 3/5 4/5 2/5 4/5 4/5
2026-05-13 A- 4/5 3/5 3/5 4/5 2/5 4/5 4/5
2026-05-12 A- 4/5 3/5 3/5 4/5 2/5 4/5 4/5
2026-05-11 A- 4/5 3/5 3/5 4/5 2/5 4/5 4/5
2026-05-08 A- 4/5 3/5 3/5 4/5 2/5 4/5 5/5
2026-05-07 A- 4/5 3/5 3/5 4/5 2/5 4/5 5/5
2026-05-06 A- 4/5 3/5 3/5 4/5 2/5 4/5 5/5
2026-05-05 A- 4/5 3/5 3/5 4/5 2/5 4/5 5/5
2026-05-04 A- 4/5 3/5 3/5 4/5 2/5 4/5 5/5
2026-04-30 A- 4/5 3/5 3/5 4/5 2/5 4/5 5/5
2026-04-29 A- 4/5 3/5 3/5 4/5 2/5 4/5 4/5
2026-04-28 A- 4/5 3/5 3/5 4/5 2/5 4/5 4/5
2026-04-27 A- 4/5 3/5 3/5 4/5 2/5 4/5 4/5
2026-04-24 A- 4/5 3/5 3/5 4/5 2/5 4/5 4/5
2026-04-23 A- 4/5 3/5 3/5 5/5 2/5 4/5 4/5
2026-04-22 A- 4/5 3/5 3/5 5/5 2/5 4/5 4/5
2026-04-21 A- 4/5 3/5 3/5 5/5 2/5 4/5 4/5
2026-04-20 A- 4/5 3/5 3/5 5/5 2/5 4/5 4/5
2026-04-17 A- 4/5 3/5 3/5 5/5 2/5 4/5 4/5
2026-04-16 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
153.70M
OE per share TTM
0.53
Owner's Yield
2.72%
Maintenance CapEx ratio
11.68%
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
31.3K
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