(KRNT) Kornit Digital - Overview
Sector: Industrials | Industry: Specialty Industrial Machinery | Exchange: NASDAQ (USA) | Market Cap: 742m USD | Total Return: -11.4% in 12m
Industry Rotation: +10.9
Avg Turnover: 3.88M USD
Peers RS (IBD): 27.6
EPS Trend: 74.8%
Qual. Beats: 0
Rev. Trend: -52.3%
Qual. Beats: 0
Warnings
Choppy
Tailwinds
No distinct edge detected
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: error (cannot be calculated; needs correct EBITDA TTM and Interest Expense TTM) |
| 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 +5.31%, over one month by +10.12%, over three months by +5.03% and over the past year by -11.38%.
- StrongBuy: 3
- Buy: 3
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 21.7 | 36.6% |
P/S = 3.5657
P/B = 0.9605
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 = -439.2m USD (recalculated: Debt 18.6m - CCE 457.8m)
Enterprise Value = 303.1m USD (742.4m + Debt 18.6m - CCE 457.8m)
Interest Coverage Ratio = unknown (Ebit TTM -33.9m / Interest Expense TTM 0.0)
EV/FCF = 94.52x (Enterprise Value 303.1m / FCF TTM 3.21m)
FCF Yield = 1.06% (FCF TTM 3.21m / Enterprise Value 303.1m)
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 = 0.39 (Enterprise Value 303.1m / Total Assets 770.5m)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / 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 = 19.93 (negative EBITDA) (Net Debt -439.2m / EBITDA -22.0m)
Debt / FCF = -137.0 (out of range, set to none) (Net Debt -439.2m / 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 = 10.15% (E(742.4m)/V(761.0m) * Re(10.40%) + D(18.6m)/V(761.0m) * Rd(0.0%) * (1-Tc(0.15)))
Discount Rate = 10.40% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -0.82%
[DCF] Terminal Value 61.60% ; FCFF base≈15.3m ; Y1≈10.1m ; Y5≈4.61m
[DCF] Fair Price = 10.91 (EV 66.5m - Net Debt -439.2m = Equity 505.7m / Shares 46.3m; r=10.15% [WACC]; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 74.76 | EPS CAGR: 145.9% | SUE: 0.28 | # QB: 0
Revenue Correlation: -52.32 | Revenue CAGR: -8.85% | SUE: 0.57 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.04 | Chg7d=+0.006 | Chg30d=+0.006 | Revisions Net=+0 | Analysts=4
EPS current Year (2026-12-31): EPS=0.30 | Chg7d=-0.001 | Chg30d=-0.001 | Revisions Net=+0 | Growth EPS=-4.6% | Growth Revenue=+2.5%
EPS next Year (2027-12-31): EPS=0.36 | Chg7d=-0.005 | Chg30d=-0.005 | Revisions Net=-1 | Growth EPS=+22.5% | Growth Revenue=+7.0%
[Analyst] Revisions Ratio: +0.00 (1 Up / 1 Down within 30d for Next Quarter)