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Luxembourg
In shortKernel Holding S.a. is profitable, generates cash and holds more cash than debt, with revenue growing (+3.7% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 7.7% | 42/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 4.7% | 39/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 9.3% | 47/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 10.1% | 67/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.58× | 65/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.17× | 100/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 2.32× | 8/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 5.55 | 100/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 9.2% | 57/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 1.96× | 100/100 |
| Years with positive free cash flow (last 5) | 3 of 4 | 69/100 |
Weight in the score: 20%
| Profitable years (last 5) | 3 of 4 | 75/100 |
|---|---|---|
| Years of revenue decline (last 5) | 2 of 3 | 0/100 |
| Revenue growth volatility | 20.4% | 35/100 |
| Operating margin volatility | 5.1% | 62/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | -13.8% | 0/100 |
|---|---|---|
| EPS growth, 3-year average | -52.6% | 0/100 |
Weight in the score: 10%
Fiscal year 2024 · change vs prior year
European data comes from annual reports in ESEF format (since 2020). Industry and ticker are not provided by this source.
Annual figures as reported. Hover a bar or point for the exact value.
The last 4 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 |
|---|---|---|---|---|
| Revenue | 5,595 | 5,332 | 3,455 | 3,581 |
| Cost of revenue | 4,822 | 4,692 | 2,704 | 2,889 |
| Gross profit | 906 | 652 | 636 | 682 |
| Selling, general & admin | 318 | 230 | 205 | 213 |
| Operating income | 689 | 91 | 439 | 276 |
| Interest expense | 148 | 131 | 153 | 119 |
| Pre-tax income | 538 | (43) | 368 | 211 |
| Income tax | 32 | (2.8) | 69 | 43 |
| Net income | 513 | (41) | 299 | 168 |
| Diluted EPS | $6.10 | −$0.51 | $3.86 | $0.65 |
| Diluted shares (millions) | 84 | 80 | 77 | 257 |
5.55 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
7/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: filings.xbrl.org (ESEF). Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2024 · Data updated Jun 30, 2024