(KRNT) Kornit Digital - Overview
Sector: Industrials | Industry: Specialty Industrial Machinery | Exchange: NASDAQ (USA) | Market Cap: 684m USD | Total Return: -37.2% in 12m
Industry Rotation: -8.5
Avg Turnover: 2.79M
EPS Trend: 74.1%
Qual. Beats: 0
Rev. Trend: -41.6%
Qual. Beats: 1
Warnings
Fakeout Choppy
Tailwinds
No distinct edge detected
Kornit Digital Ltd. (KRNT) specializes in the development and marketing of industrial digital printing solutions for the global textile industry, including apparel and home decor. The company’s integrated ecosystem comprises high-speed hardware platforms like the Atlas MAX and Apollo, proprietary NeoPigment inks, and workflow software designed for both direct-to-garment (DTG) and direct-to-fabric (DTF) applications.
The business model relies on a razor-and-blade strategy, where the initial sale of industrial systems generates long-term recurring revenue through the consumption of specialized inks and service contracts. By enabling on-demand production, Kornit addresses the fashion industrys shift toward sustainable, low-waste manufacturing and shorter supply chains compared to traditional analog screen printing.
Investors can evaluate the company’s long-term growth trends and valuation metrics by reviewing the data available on ValueRay.
Headquartered in Israel, the company serves a diverse client base ranging from independent decorators to mass-production contract printers across the United States, Europe, and the Asia Pacific. Its technology focuses on automating the end-to-end printing process to support mass customization and rapid fulfillment for e-commerce brands.
- Mass production adoption of Apollo platform impacts hardware revenue and market share
- Consumable sales volume drives recurring revenue and gross margin expansion
- Fashion industry shift toward on-demand manufacturing reduces inventory risk for clients
- Global consumer discretionary spending levels dictate apparel printing equipment demand
- Operational efficiency improvements influence path toward sustained GAAP profitability
| Net Income: -16.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.00 > 0.02 and ΔFCF/TA -3.70 > 1.0 |
| NWC/Revenue: 250.0% < 20% (prev 265.4%; Δ -15.43% < -1%) |
| CFO/TA 0.03 > 3% & CFO 25.6m > Net Income -16.7m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 12.03 > 1.5 & < 3 |
| Outstanding Shares: last quarter (44.2m) vs 12m ago -3.42% < -2% |
| Gross Margin: 43.23% > 18% (prev 0.47%; Δ 4.28k% > 0.5%) |
| Asset Turnover: 27.53% > 50% (prev 26.25%; Δ 1.28% > 0%) |
| Interest Coverage Ratio: error (cannot be calculated; needs correct EBITDA TTM and Interest Expense TTM) |
| A: 0.71 (Total Current Assets 573.3m - Total Current Liabilities 47.6m) / Total Assets 741.2m |
| B: -0.18 (Retained Earnings -130.3m / Total Assets 741.2m) |
| C: -0.05 (EBIT TTM -35.1m / Avg Total Assets 764.0m) |
| D: 9.00 (Book Value of Equity 582.3m / Total Liabilities 64.7m) |
| Altman-Z'' Score: 13.22 = AAA |
| DSRI: 0.78 (Receivables 48.9m/61.4m, Revenue 210.3m/206.5m) |
| GMI: 1.09 (GM 43.23% / 47.18%) |
| AQI: 0.82 (AQ_t 0.11 / AQ_t-1 0.14) |
| SGI: 1.02 (Revenue 210.3m / 206.5m) |
| TATA: -0.06 (NI -16.7m - CFO 25.6m) / TA 741.2m) |
| Beneish M-Score: -3.28 (Cap -4..+1) = AA |
Over the past week, the price has changed by -10.22%, over one month by -7.54%, over three months by -7.13% and over the past year by -37.17%.
- StrongBuy: 3
- Buy: 3
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 23.1 | 58.5% |
P/S = 3.2505
P/B = 1.0542
P/EG = 0.89
Revenue TTM = 210.3m USD
EBIT TTM = -35.1m USD
EBITDA TTM = -22.8m USD
Long Term Debt = 18.6m USD (from capitalLeaseObligations, last fiscal year)
Short Term Debt = 4.00m USD (from shortTermDebt, last quarter)
Debt = 22.6m USD (corrected: LT Debt 18.6m + ST Debt 4.00m)
Net Debt = -415.9m USD (recalculated: Debt 22.6m - CCE 438.5m)
Enterprise Value = 267.6m USD (683.5m + Debt 22.6m - CCE 438.5m)
Interest Coverage Ratio = unknown (Ebit TTM -35.1m / Interest Expense TTM 0.0)
EV/FCF = 77.00x (Enterprise Value 267.6m / FCF TTM 3.48m)
FCF Yield = 1.30% (FCF TTM 3.48m / Enterprise Value 267.6m)
FCF Margin = 1.65% (FCF TTM 3.48m / Revenue TTM 210.3m)
Net Margin = -7.93% (Net Income TTM -16.7m / Revenue TTM 210.3m)
Gross Margin = 43.23% ((Revenue TTM 210.3m - Cost of Revenue TTM 119.4m) / Revenue TTM)
Gross Margin QoQ = 38.08% (prev 48.65%)
Tobins Q-Ratio = 0.36 (Enterprise Value 267.6m / Total Assets 741.2m)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 22.6m)
Taxrate = 21.0% (US default 21%)
NOPAT = -27.7m (EBIT -35.1m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 12.03 (Total Current Assets 573.3m / Total Current Liabilities 47.6m)
Debt / Equity = 0.03 (Debt 22.6m / totalStockholderEquity, last quarter 676.5m)
Debt / EBITDA = 18.21 (negative EBITDA) (Net Debt -415.9m / EBITDA -22.8m)
Debt / FCF = -119.7 (out of range, set to none) (Net Debt -415.9m / FCF TTM 3.48m)
Total Stockholder Equity = 700.4m (last 4 quarters mean from totalStockholderEquity)
RoA = -2.18% (Net Income -16.7m / Total Assets 741.2m)
RoE = -2.38% (Net Income TTM -16.7m / Total Stockholder Equity 700.4m)
RoCE = -4.88% (EBIT -35.1m / Capital Employed (Equity 700.4m + L.T.Debt 18.6m))
RoIC = -3.89% (negative operating profit) (NOPAT -27.7m / Invested Capital 712.6m)
WACC = 10.28% (E(683.5m)/V(706.1m) * Re(10.62%) + D(22.6m)/V(706.1m) * Rd(0.0%) * (1-Tc(0.21)))
Discount Rate = 10.62% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -68.89 | Cagr: -3.77%
[DCF] Terminal Value 61.08% ; FCFF base≈15.2m ; Y1≈9.98m ; Y5≈4.56m
[DCF] Fair Price = 10.37 (EV 64.8m - Net Debt -415.9m = Equity 480.7m / Shares 46.3m; r=10.28% [WACC]; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 74.13 | EPS CAGR: 143.8% | SUE: 0.28 | # QB: 0
Revenue Correlation: -41.62 | Revenue CAGR: -4.70% | SUE: 1.61 | # QB: 1
EPS current Quarter (2026-06-30): EPS=-0.00 | Chg30d=-108.57% | Revisions=+0% | Analysts=3
EPS next Quarter (2026-09-30): EPS=0.06 | Chg30d=-29.27% | Revisions=-14% | Analysts=3
EPS current Year (2026-12-31): EPS=0.21 | Chg30d=-29.01% | Revisions=+0% | GrowthEPS=-32.3% | GrowthRev=+4.2%
EPS next Year (2027-12-31): EPS=0.30 | Chg30d=-17.20% | Revisions=-20% | GrowthEPS=+42.9% | GrowthRev=+5.9%
[Analyst] Revisions Ratio: -20%