Kernel Holding SA (KER) — Cash Flow Reinvestment Rate

Latest as of September 2025: 4.72x

Kernel Holding SA (KER) has a Cash Flow Reinvestment Rate of 4.72x as of September 2025, reinvesting zł65.75 Million (capex zł22.15 Million plus investments zł43.59 Million) from operating cash flow of zł13.92 Million. Check KER cash flow quality index to evaluate the quality of earnings relative to operating cash generation.

Reinvestment Rate

4.72x
(Capex + Investments) / Operating CF

Total Reinvested

zł65.75 Million
Capex + Investments

Operating Cash Flow

zł13.92 Million
PLN

Capital Expenditures

zł22.15 Million
PLN

Kernel Holding SA Cash Flow Reinvestment Rate (2007–2024)

Historical reinvestment intensity for Kernel Holding SA across 15 annual periods. Explore cash flow to debt ratio of Kernel Holding SA to assess how comfortably operating cash covers total debt obligations.

Annual Cash Flow Reinvestment Rate for Kernel Holding SA (2007–2024)

Year-by-year capital reinvestment analysis for Kernel Holding SA. For live market cap and broader valuation context, see KER market cap overview.

Year Reinvestment Rate Total Reinvested (PLN) Operating CF Capex YoY Change
2024 0.55x zł259.04 Million zł472.14 Million zł146.49 Million ▲ +298.0%
2023 0.14x zł98.72 Million zł716.13 Million zł89.14 Million ▼ -65.6%
2021 0.40x zł184.03 Million zł459.84 Million zł183.76 Million ▼ -62.7%
2020 1.07x zł289.16 Million zł269.36 Million zł223.85 Million ▲ +6.6%
2019 1.01x zł199.99 Million zł198.65 Million zł192.36 Million ▼ -55.2%
2018 2.25x zł185.53 Million zł82.48 Million zł162.24 Million ▲ +294.5%
2017 0.57x zł44.13 Million zł77.41 Million zł44.13 Million ▲ +121.7%
2016 0.26x zł34.39 Million zł133.72 Million zł34.39 Million ▲ +261.0%
2015 0.07x zł28.83 Million zł404.72 Million zł28.83 Million ▼ -88.3%
2014 0.61x zł50.42 Million zł82.47 Million zł50.42 Million ▲ +65.0%
2013 0.37x zł110.33 Million zł297.67 Million zł110.33 Million ▼ -82.2%
2011 2.08x zł116.76 Million zł56.15 Million zł116.76 Million ▲ +211.9%
2010 0.67x zł56.53 Million zł84.80 Million zł56.53 Million ▼ -7.1%
2009 0.72x zł92.75 Million zł129.29 Million zł92.75 Million ▲ +420.5%
2007 0.14x zł1.60 Million zł11.59 Million zł1.60 Million —
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow