Kernel Holding SA (0KE) — Cash Flow Reinvestment Rate

Latest as of September 2025: 4.72x

Kernel Holding SA (0KE) has a Cash Flow Reinvestment Rate of 4.72x as of September 2025, reinvesting €65.75 Million (capex €22.15 Million plus investments €43.59 Million) from operating cash flow of €13.92 Million. See free cash flow generation of Kernel Holding SA to measure how efficiently the company converts operating cash flow to free cash.

Reinvestment Rate

4.72x
(Capex + Investments) / Operating CF

Total Reinvested

€65.75 Million
Capex + Investments

Operating Cash Flow

€13.92 Million
EUR

Capital Expenditures

€22.15 Million
EUR

Kernel Holding SA Cash Flow Reinvestment Rate (2014–2024)

Historical reinvestment intensity for Kernel Holding SA across 10 annual periods. For the full cash flow conversion analysis, see Kernel Holding SA (0KE) cash conversion ratio.

Annual Cash Flow Reinvestment Rate for Kernel Holding SA (2014–2024)

Year-by-year capital reinvestment analysis for Kernel Holding SA. See Kernel Holding SA free cash flow to debt ratio to measure the company's free cash flow as a share of total liabilities.

Year Reinvestment Rate Total Reinvested (EUR) Operating CF Capex YoY Change
2024 0.66x €311.83 Million €472.14 Million €146.49 Million ▲ +379.1%
2023 0.14x €98.72 Million €716.13 Million €89.14 Million ▼ -64.5%
2021 0.39x €178.57 Million €459.84 Million €178.30 Million ▼ -62.8%
2020 1.04x €280.96 Million €269.36 Million €215.65 Million ▲ +18.7%
2019 0.88x €174.61 Million €198.65 Million €166.99 Million ▼ -57.3%
2018 2.06x €169.85 Million €82.48 Million €146.56 Million ▲ +104.4%
2017 1.01x €78.01 Million €77.41 Million €43.43 Million ▲ +41.7%
2016 0.71x €95.12 Million €133.72 Million €34.39 Million ▲ +385.5%
2015 0.15x €59.30 Million €404.72 Million €24.73 Million ▼ -85.7%
2014 1.02x €84.48 Million €82.47 Million €49.91 Million
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow