(KRNT) Kornit Digital - Overview
Sector: Industrials | Industry: Specialty Industrial Machinery | Exchange: NASDAQ (USA) | Market Cap: 674m USD | Total Return: -12.1% in 12m
Avg Trading Vol: 4.23M USD
Peers RS (IBD): 35.1
EPS Trend: 74.8%
Qual. Beats: 0
Rev. Trend: -52.3%
Qual. Beats: 0
Kornit Digital Ltd. (NASDAQ: KRNT) designs, manufactures and sells end-to-end digital textile printing systems-including direct-to-garment, direct-to-fabric, inks, software and services-for fashion, apparel and home-decor brands worldwide, serving decorators, e-commerce merchants, brand owners and contract printers from its headquarters in Rosh Haayin, Israel.
In its latest fiscal quarter (Q4 2023), Kornit reported revenue of $84.3 million, a 12 % year-over-year increase, with an improved gross margin of 46 % and cash on hand of $210 million, positioning the company to fund product roll-outs and R&D without immediate equity dilution.
The digital textile printing market is projected to grow at a CAGR of ~14 % through 2028, driven by rising demand for sustainable, on-demand apparel production and tighter environmental regulations on traditional dyeing processes; Kornit’s Atlas MAX Plus platform, capable of printing up to 150 garments per hour, directly addresses these macro trends. For a deeper dive into valuation metrics, you might find ValueRay’s analysis worth a look.
- Digital printing system sales drive revenue growth
- Ink and consumable sales provide recurring revenue
- Fashion and apparel industry trends impact demand
- Global supply chain disruptions increase production costs
- Competition from traditional textile printing methods persists
| Net Income: -13.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.00 > 0.02 and ΔFCF/TA -3.84 > 1.0 |
| NWC/Revenue: 265.9% < 20% (prev 280.2%; Δ -14.31% < -1%) |
| CFO/TA 0.03 > 3% & CFO 25.1m > Net Income -13.5m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 14.18 > 1.5 & < 3 |
| Outstanding Shares: last quarter (47.4m) vs 12m ago -1.62% < -2% |
| Gross Margin: 44.29% > 18% (prev 0.45%; Δ 4.38k% > 0.5%) |
| Asset Turnover: 26.73% > 50% (prev 25.88%; Δ 0.84% > 0%) |
| Interest Coverage Ratio: -1.59 > 6 (EBITDA TTM -22.0m / Interest Expense TTM -21.3m) |
| A: 0.72 (Total Current Assets 595.5m - Total Current Liabilities 42.0m) / Total Assets 770.5m |
| B: -0.17 (Retained Earnings -130.3m / Total Assets 770.5m) |
| C: -0.04 (EBIT TTM -33.9m / Avg Total Assets 779.0m) |
| D: 10.05 (Book Value of Equity 582.3m / Total Liabilities 57.9m) |
| Altman-Z'' Score: 14.42 = AAA |
| DSRI: 0.91 (Receivables 60.8m/65.5m, Revenue 208.2m/203.8m) |
| GMI: 1.02 (GM 44.29% / 45.02%) |
| AQI: 0.96 (AQ_t 0.11 / AQ_t-1 0.12) |
| SGI: 1.02 (Revenue 208.2m / 203.8m) |
| TATA: -0.05 (NI -13.5m - CFO 25.1m) / TA 770.5m) |
| Beneish M-Score: -3.14 (Cap -4..+1) = AA |
Over the past week, the price has changed by +1.58%, over one month by -5.08%, over three months by +0.54% and over the past year by -12.08%.
- StrongBuy: 3
- Buy: 3
- Hold: 1
- Sell: 0
- StrongSell: 0
| Wallstreet Target Price | 21.4 | 46.1% |
| Analysts Target Price | 21.4 | 46.1% |
P/B = 0.9466
P/EG = 0.89
Revenue TTM = 208.2m USD
EBIT TTM = -33.9m USD
EBITDA TTM = -22.0m USD
Long Term Debt = 18.6m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 3.89m USD (from shortTermDebt, last quarter)
Debt = 18.6m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -16.9m USD (from netDebt column, last quarter)
Enterprise Value = 234.6m USD (673.8m + Debt 18.6m - CCE 457.8m)
Interest Coverage Ratio = -1.59 (Ebit TTM -33.9m / Interest Expense TTM -21.3m)
EV/FCF = 73.13x (Enterprise Value 234.6m / FCF TTM 3.21m)
FCF Yield = 1.37% (FCF TTM 3.21m / Enterprise Value 234.6m)
FCF Margin = 1.54% (FCF TTM 3.21m / Revenue TTM 208.2m)
Net Margin = -6.49% (Net Income TTM -13.5m / Revenue TTM 208.2m)
Gross Margin = 44.29% ((Revenue TTM 208.2m - Cost of Revenue TTM 116.0m) / Revenue TTM)
Gross Margin QoQ = 48.65% (prev 43.37%)
Tobins Q-Ratio = 0.30 (Enterprise Value 234.6m / Total Assets 770.5m)
Interest Expense / Debt = 0.90% (Interest Expense 168k / Debt 18.6m)
Taxrate = 15.25% (297k / 1.95m)
NOPAT = -28.8m (EBIT -33.9m * (1 - 15.25%)) [loss with tax shield]
Current Ratio = 14.18 (Total Current Assets 595.5m / Total Current Liabilities 42.0m)
Debt / Equity = 0.03 (Debt 18.6m / totalStockholderEquity, last quarter 712.6m)
Debt / EBITDA = 0.77 (negative EBITDA) (Net Debt -16.9m / EBITDA -22.0m)
Debt / FCF = -5.26 (Net Debt -16.9m / FCF TTM 3.21m)
Total Stockholder Equity = 711.4m (last 4 quarters mean from totalStockholderEquity)
RoA = -1.74% (Net Income -13.5m / Total Assets 770.5m)
RoE = -1.90% (Net Income TTM -13.5m / Total Stockholder Equity 711.4m)
RoCE = -4.65% (EBIT -33.9m / Capital Employed (Equity 711.4m + L.T.Debt 18.6m))
RoIC = -4.04% (negative operating profit) (NOPAT -28.8m / Invested Capital 712.6m)
WACC = 10.19% (E(673.8m)/V(692.4m) * Re(10.45%) + D(18.6m)/V(692.4m) * Rd(0.90%) * (1-Tc(0.15)))
Discount Rate = 10.45% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -0.82%
[DCF] Terminal Value 61.43% ; FCFF base≈15.3m ; Y1≈10.1m ; Y5≈4.61m
[DCF] Fair Price = 1.79 (EV 66.1m - Net Debt -16.9m = Equity 83.0m / Shares 46.3m; r=10.19% [WACC]; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 74.76 | EPS CAGR: 145.9% | SUE: 0.57 | # QB: 0
Revenue Correlation: -52.32 | Revenue CAGR: -8.85% | SUE: 0.57 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.03 | Chg7d=-0.019 | Chg30d=-0.019 | Revisions Net=+0 | Analysts=5
EPS current Year (2026-12-31): EPS=0.30 | Chg7d=+0.011 | Chg30d=+0.011 | Revisions Net=+0 | Growth EPS=-4.3% | Growth Revenue=+2.6%
EPS next Year (2027-12-31): EPS=0.37 | Chg7d=+0.073 | Chg30d=+0.073 | Revisions Net=-1 | Growth EPS=+24.0% | Growth Revenue=+7.0%
[Analyst] Revisions Ratio: +0.00 (1 Up / 1 Down within 30d for Next Quarter)