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Kernel Holding SA
WSE:KER

Watchlist Manager
Kernel Holding SA
WSE:KER
Watchlist
Price: 20.8 PLN 1.46% Market Closed
Market Cap: zł6.1B
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Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Cash Flow Statement

Operating Cash Flow
+
3Y
-
5Y
-10%
10Y
-40%
Investing Cash Flow
+
3Y
+86%
5Y
+80%
10Y
-66%
Financing Cash Flow
+
3Y
-
5Y
-
10Y
-27%

Cash Flow Statement
Kernel Holding SA

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Cash Flow Statement
Currency: USD
Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025
Operating Cash Flow
Net Income
27
38
54
91
104
126
150
123
143
151
144
152
145
155
181
208
203
215
183
194
207
175
141
110
33
(7)
(45)
(97)
(35)
17
50
97
101
172
273
232
272
255
199
197
147
112
50
50
108
138
180
190
177
133
77
145
319
452
541
675
687
715
578
(43)
(125)
(118)
61
368
170
94
113
211
370
294
235
287
Depreciation & Amortization
10
10
10
12
16
20
22
23
22
20
20
23
26
29
32
32
38
49
58
66
71
72
74
90
96
103
104
94
89
81
76
68
64
60
59
60
58
57
56
54
61
69
76
83
80
77
76
76
82
94
99
106
106
108
110
116
126
136
138
130
122
113
107
105
99
96
101
105
113
110
108
105
Other Non-Cash Items
25
27
27
13
16
35
29
39
39
18
22
32
32
36
63
34
39
38
22
32
39
49
62
61
92
116
174
199
205
228
221
173
158
122
74
39
(16)
(32)
(21)
73
113
90
116
50
11
21
23
102
113
118
168
172
128
121
80
(5)
(23)
(2)
108
591
669
694
538
14
356
360
357
269
198
101
59
(8)
Cash Taxes Paid
1
1
3
3
4
5
3
2
2
1
1
1
1
1
1
3
3
3
4
7
15
25
37
43
53
45
45
40
29
29
19
13
7
5
3
3
4
4
5
6
7
7
6
5
4
4
4
3
4
6
7
8
13
16
20
18
16
15
17
70
66
67
80
44
63
56
38
32
47
52
54
44
Cash Interest Paid
23
26
26
28
31
37
37
35
28
18
17
23
28
34
43
36
40
41
43
67
70
79
81
76
74
72
74
72
80
76
73
68
58
60
53
58
60
55
59
35
43
39
50
64
68
76
70
76
78
79
90
140
132
160
156
133
133
135
128
131
130
128
133
148
152
153
136
111
97
83
87
78
Change in Working Capital
(139)
(269)
(252)
(242)
(234)
9
(6)
(73)
(96)
(218)
(164)
(121)
(209)
(427)
(406)
(219)
(119)
102
(144)
(315)
(454)
(693)
(283)
37
230
192
11
(113)
(94)
49
147
66
7
(16)
(123)
(197)
(180)
(263)
(214)
(247)
(140)
(95)
(205)
(101)
(195)
(178)
(38)
(170)
(255)
(443)
(426)
(153)
(198)
(27)
(187)
(326)
(321)
(806)
(796)
(983)
(1 011)
(174)
(95)
229
28
(85)
(46)
(113)
(57)
(76)
(135)
(143)
Cash from Operating Activities
(77)
N/A
(194)
-151%
(161)
+17%
(126)
+22%
(98)
+22%
190
N/A
194
+2%
112
-42%
108
-4%
(30)
N/A
23
N/A
85
+277%
(6)
N/A
(207)
-3 671%
(130)
+37%
56
N/A
160
+186%
403
+151%
118
-71%
(24)
N/A
(138)
-473%
(397)
-189%
(6)
+98%
298
N/A
450
+51%
404
-10%
244
-40%
83
-66%
164
+99%
376
+128%
494
+32%
405
-18%
329
-19%
339
+3%
284
-16%
134
-53%
134
0%
17
-87%
19
+11%
77
+316%
182
+135%
176
-3%
37
-79%
82
+122%
4
-95%
58
+1 447%
240
+313%
199
-17%
117
-41%
(98)
N/A
(81)
+18%
269
N/A
355
+32%
654
+84%
545
-17%
460
-16%
468
+2%
42
-91%
29
-31%
(305)
N/A
(345)
-13%
515
N/A
612
+19%
716
+17%
652
-9%
465
-29%
524
+13%
472
-10%
623
+32%
429
-31%
267
-38%
242
-9%
Investing Cash Flow
Capital Expenditures
(5)
(11)
(26)
(33)
(34)
(59)
(63)
(62)
(98)
(85)
(74)
(57)
(60)
(50)
(42)
(50)
(67)
(89)
(81)
(96)
(83)
(79)
(112)
(88)
(100)
(74)
(63)
(50)
(37)
(40)
(29)
(25)
(34)
(28)
(23)
(34)
(33)
(39)
(49)
(43)
(44)
(50)
(59)
(147)
(185)
(229)
(219)
(167)
(177)
(178)
(227)
(219)
(207)
(193)
(170)
(182)
(179)
(178)
(326)
(298)
(283)
(271)
(102)
(87)
(99)
(111)
(121)
(145)
(118)
(100)
(98)
(85)
Other Items
(65)
(20)
(7)
(137)
(130)
(129)
(123)
(5)
(2)
(13)
(59)
(69)
(68)
(56)
(9)
(76)
(90)
(204)
(236)
(133)
(214)
(103)
(96)
(172)
(72)
(96)
(84)
(33)
(41)
(10)
2
0
3
(7)
(43)
(27)
(22)
(48)
(15)
(180)
(241)
(195)
(227)
(9)
32
23
(95)
(74)
(54)
(124)
101
17
29
(21)
19
(24)
(92)
15
(120)
5
52
171
202
97
80
174
61
33
53
(192)
(41)
45
Cash from Investing Activities
(70)
N/A
(31)
+55%
(33)
-6%
(170)
-417%
(164)
+4%
(187)
-14%
(186)
+1%
(67)
+64%
(99)
-49%
(98)
+2%
(133)
-35%
(126)
+5%
(128)
-2%
(106)
+17%
(51)
+52%
(126)
-149%
(156)
-24%
(293)
-87%
(317)
-8%
(229)
+28%
(297)
-30%
(182)
+39%
(208)
-15%
(260)
-25%
(173)
+34%
(170)
+1%
(146)
+14%
(83)
+43%
(78)
+6%
(50)
+36%
(27)
+46%
(24)
+11%
(31)
-28%
(35)
-14%
(65)
-84%
(61)
+7%
(55)
+9%
(87)
-58%
(64)
+27%
(223)
-251%
(286)
-28%
(245)
+14%
(286)
-17%
(156)
+46%
(153)
+2%
(206)
-35%
(314)
-52%
(241)
+23%
(230)
+5%
(302)
-31%
(126)
+58%
(203)
-61%
(178)
+12%
(214)
-21%
(152)
+29%
(205)
-35%
(271)
-32%
(163)
+40%
(445)
-174%
(294)
+34%
(231)
+21%
(99)
+57%
100
N/A
10
-90%
(19)
N/A
64
N/A
(60)
N/A
(113)
-87%
(65)
+43%
(292)
-352%
(139)
+52%
(40)
+71%
Financing Cash Flow
Net Issuance of Common Stock
0
159
159
1
0
(161)
(160)
0
0
0
0
0
0
0
0
0
5
0
0
0
(5)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
14
14
14
0
0
(11)
(11)
(62)
(62)
(97)
(97)
(46)
(46)
0
0
6
6
6
6
0
0
0
0
Net Issuance of Debt
146
75
74
81
148
(22)
73
23
(71)
122
31
(77)
42
204
135
(18)
(12)
(142)
97
220
403
499
238
(45)
(339)
(239)
(96)
7
(96)
(273)
(452)
(289)
(249)
(237)
(155)
(115)
(49)
39
126
182
134
110
191
98
168
195
80
50
117
365
279
235
151
(217)
(138)
17
57
421
602
609
398
(106)
(225)
(216)
(148)
(720)
(722)
(565)
(507)
(66)
(262)
(394)
Cash Paid for Dividends
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(20)
0
0
0
(20)
0
0
0
(20)
0
0
0
(20)
(21)
(21)
0
(20)
0
0
0
(21)
0
0
(56)
(35)
0
0
(34)
(34)
0
0
0
0
0
0
0
0
0
0
0
0
Other
0
(5)
(15)
234
0
241
154
0
0
0
0
81
0
0
85
141
141
146
142
5
(3)
(2)
(2)
(2)
5
0
0
0
0
(1)
(1)
(1)
0
0
0
0
0
6
6
11
0
5
5
0
0
0
0
0
0
(2)
(2)
(2)
0
(19)
(19)
(19)
0
(2)
(2)
(2)
0
0
0
0
54
54
54
54
0
0
0
0
Cash from Financing Activities
148
N/A
229
+55%
218
-5%
315
+45%
383
+21%
58
-85%
66
+14%
23
-65%
(71)
N/A
122
N/A
31
-74%
4
-87%
123
+2 968%
285
+132%
220
-23%
124
-44%
134
+8%
4
-97%
240
+5 352%
226
-6%
396
+75%
496
+25%
235
-53%
(48)
N/A
(333)
-598%
(239)
+28%
(96)
+60%
7
N/A
(96)
N/A
(274)
-185%
(453)
-65%
(310)
+32%
(269)
+13%
(257)
+5%
(175)
+32%
(134)
+23%
(69)
+49%
25
N/A
113
+345%
173
+54%
125
-28%
95
-24%
176
+86%
77
-56%
147
+91%
175
+19%
60
-66%
30
-50%
96
+225%
356
+270%
270
-24%
226
-16%
141
-37%
(257)
N/A
(225)
+13%
(48)
+79%
(59)
-23%
321
N/A
469
+46%
476
+1%
316
-34%
(186)
N/A
(225)
-21%
(216)
+4%
(88)
+59%
(660)
-653%
(662)
0%
(505)
+24%
(507)
0%
(66)
+87%
(262)
-296%
(394)
-50%
Change in Cash
Effect of Foreign Exchange Rates
(0)
0
(0)
14
16
(15)
(15)
(29)
(36)
(4)
(4)
(3)
1
0
0
(1)
(2)
0
(1)
0
0
(1)
0
0
(0)
1
(8)
(13)
(16)
(14)
(6)
(12)
(10)
(13)
(13)
(2)
(3)
(1)
(0)
(0)
0
(3)
(2)
(1)
(2)
1
(0)
(1)
2
2
0
(2)
(4)
(2)
(2)
(0)
1
(1)
(26)
(3)
(5)
(4)
21
(3)
(1)
(6)
(19)
1
3
6
20
0
Net Change in Cash
1
N/A
4
+273%
24
+495%
34
+40%
137
+302%
45
-67%
59
+31%
39
-34%
(98)
N/A
(10)
+89%
(83)
-707%
(40)
+52%
(10)
+75%
(28)
-180%
39
N/A
52
+34%
136
+160%
114
-16%
39
-66%
(28)
N/A
(39)
-41%
(84)
-115%
20
N/A
(10)
N/A
(56)
-467%
(5)
+90%
(7)
-28%
(7)
-4%
(25)
-250%
37
N/A
8
-79%
59
+643%
19
-68%
33
+81%
30
-9%
(64)
N/A
6
N/A
(47)
N/A
67
N/A
27
-60%
22
-20%
23
+6%
(75)
N/A
3
N/A
(4)
N/A
27
N/A
(14)
N/A
(14)
+5%
(15)
-13%
(42)
-174%
64
N/A
291
+355%
315
+8%
181
-43%
167
-8%
207
+24%
139
-33%
200
+44%
27
-86%
(126)
N/A
(266)
-111%
226
N/A
508
+125%
507
0%
545
+8%
(137)
N/A
(217)
-58%
(145)
+33%
55
N/A
78
+40%
(115)
N/A
(192)
-67%
Free Cash Flow
Free Cash Flow
(82)
N/A
(205)
-150%
(186)
+9%
(159)
+15%
(132)
+17%
131
N/A
131
+0%
50
-62%
11
-79%
(115)
N/A
(51)
+55%
28
N/A
(65)
N/A
(258)
-296%
(171)
+33%
6
N/A
94
+1 514%
314
+236%
37
-88%
(120)
N/A
(220)
-84%
(476)
-116%
(119)
+75%
210
N/A
350
+67%
329
-6%
181
-45%
33
-82%
128
+292%
336
+163%
465
+38%
380
-18%
296
-22%
311
+5%
261
-16%
100
-62%
100
+0%
(22)
N/A
(30)
-36%
34
N/A
138
+306%
126
-9%
(22)
N/A
(64)
-195%
(181)
-183%
(171)
+5%
21
N/A
32
+50%
(60)
N/A
(276)
-360%
(308)
-12%
50
N/A
148
+197%
461
+211%
375
-19%
278
-26%
289
+4%
(135)
N/A
(297)
-119%
(604)
-104%
(628)
-4%
245
N/A
510
+108%
629
+23%
554
-12%
354
-36%
404
+14%
327
-19%
505
+54%
330
-35%
169
-49%
157
-7%

See Also

Summary
KER intrinsic value, competitors valuation, and company profile.
DCF Valuation
KER stock valuation using Discount Cash Flow valuation method.
Relative Valuation
KER stock valuation using valuation multiples.
Wall Street Estimates
KER price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
KER stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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