Kernel Holding S.A
Kernel Holding S.A., together with its subsidiaries, engages in the diversified agricultural business in Ukraine, Switzerland, rest of Europe, India, rest of Asia, and internationally. The company operates through three segments: Oilseed Processing, Infrastructure and Trading, and Farming. It is involved in sunflower seed origination and sunflower oil production; sells bottled and bulk sunflower … Read more
Kernel Holding S.A (KARNF) - Net Assets
Latest net assets as of September 2025: $2.18 Billion USD
Based on the latest financial reports, Kernel Holding S.A (KARNF) has net assets worth $2.18 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.41 Billion) and total liabilities ($1.23 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.18 Billion |
| % of Total Assets | 63.94% |
| Annual Growth Rate | 20.69% |
| 5-Year Change | -0.18% |
| 10-Year Change | 108.51% |
| Growth Volatility | 101.97 |
Kernel Holding S.A - Net Assets Trend (2005–2025)
This chart illustrates how Kernel Holding S.A's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Kernel Holding S.A (2005–2025)
The table below shows the annual net assets of Kernel Holding S.A from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | $2.08 Billion | +11.40% |
| 2024-06-30 | $1.87 Billion | +7.01% |
| 2023-06-30 | $1.74 Billion | +3.43% |
| 2022-06-30 | $1.69 Billion | -19.04% |
| 2021-06-30 | $2.08 Billion | +39.39% |
| 2020-06-30 | $1.49 Billion | +11.00% |
| 2019-06-30 | $1.35 Billion | +14.30% |
| 2018-06-30 | $1.18 Billion | +1.73% |
| 2017-06-30 | $1.16 Billion | +16.10% |
| 2016-06-30 | $997.05 Million | +11.92% |
| 2015-06-30 | $890.84 Million | -13.57% |
| 2014-06-30 | $1.03 Billion | -23.79% |
| 2013-06-30 | $1.35 Billion | +11.70% |
| 2012-06-30 | $1.21 Billion | +21.40% |
| 2011-06-30 | $997.29 Million | +64.87% |
| 2010-06-30 | $604.89 Million | +69.22% |
| 2009-06-30 | $357.46 Million | -18.84% |
| 2008-06-30 | $440.42 Million | +466.37% |
| 2007-06-30 | $77.76 Million | +63.51% |
| 2006-06-30 | $47.56 Million | -1.73% |
| 2005-06-30 | $48.39 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kernel Holding S.A's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 252354600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $2.52 Billion | 121.45% |
| Common Stock | $7.75 Million | 0.37% |
| Other Comprehensive Income | $-951.24 Million | -45.78% |
| Other Components | $497.88 Million | 23.96% |
| Total Equity | $2.08 Billion | 100.00% |
Kernel Holding S.A Competitors by Market Cap
The table below lists competitors of Kernel Holding S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Monument Mining Limited
PINK:MMTMF
|
$76.06 Million |
|
Musti Group Oyj
HE:MUSTI
|
$76.09 Million |
|
Hecto Innovation Co. Ltd.
KQ:214180
|
$76.10 Million |
|
S. P. Apparels Limited
NSE:SPAL
|
$76.13 Million |
|
Cystech Electronics Corp
TWO:6651
|
$75.98 Million |
|
KUZEY BORU
IS:KBORU
|
$75.93 Million |
|
Cornish Metals Inc
PINK:SBWFF
|
$75.90 Million |
|
KLARABO SVERIGE AB
F:F5H
|
$75.87 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kernel Holding S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,864,643,000 to 2,077,929,000, a change of 213,286,000 (11.4%).
- Net income of 238,161,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 20,796,016.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $238.16 Million | +11.46% |
| Other Comprehensive Income | $-20.80 Million | -1.0% |
| Other Changes | $-4.08 Million | -0.2% |
| Total Change | $- | 11.44% |
Book Value vs Market Value Analysis
This analysis compares Kernel Holding S.A's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.76x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 6.58x to 0.76x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-06-30 | $0.82 | $5.36 | x |
| 2006-06-30 | $1.04 | $5.36 | x |
| 2007-06-30 | $1.61 | $5.36 | x |
| 2008-06-30 | $9.87 | $5.36 | x |
| 2009-06-30 | $5.18 | $5.36 | x |
| 2010-06-30 | $8.15 | $5.36 | x |
| 2011-06-30 | $12.86 | $5.36 | x |
| 2012-06-30 | $14.83 | $5.36 | x |
| 2013-06-30 | $16.68 | $5.36 | x |
| 2014-06-30 | $12.89 | $5.36 | x |
| 2015-06-30 | $11.15 | $5.36 | x |
| 2016-06-30 | $12.23 | $5.36 | x |
| 2017-06-30 | $13.99 | $5.36 | x |
| 2018-06-30 | $14.12 | $5.36 | x |
| 2019-06-30 | $16.31 | $5.36 | x |
| 2020-06-30 | $17.91 | $5.36 | x |
| 2021-06-30 | $23.16 | $5.36 | x |
| 2022-06-30 | $20.99 | $5.36 | x |
| 2023-06-30 | $22.50 | $5.36 | x |
| 2024-06-30 | $7.26 | $5.36 | x |
| 2025-06-30 | $7.09 | $5.36 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kernel Holding S.A utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.46%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.79%
- • Asset Turnover: 1.24x
- • Equity Multiplier: 1.60x
- Recent ROE (11.46%) is below the historical average (14.14%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 1.41% | 0.32% | 1.17x | 3.76x | $-2.81 Million |
| 2006 | 3.09% | 0.60% | 1.38x | 3.74x | $-2.88 Million |
| 2007 | 30.24% | 5.58% | 1.27x | 4.26x | $13.08 Million |
| 2008 | 20.72% | 12.40% | 0.88x | 1.90x | $42.52 Million |
| 2009 | 37.09% | 12.60% | 1.50x | 1.97x | $96.40 Million |
| 2010 | 25.21% | 14.87% | 0.91x | 1.87x | $91.51 Million |
| 2011 | 23.27% | 11.90% | 1.22x | 1.61x | $128.89 Million |
| 2012 | 17.52% | 9.58% | 1.02x | 1.80x | $88.73 Million |
| 2013 | 8.34% | 3.98% | 1.18x | 1.77x | $-22.22 Million |
| 2014 | -9.55% | -4.11% | 1.25x | 1.86x | $-201.27 Million |
| 2015 | 12.02% | 4.59% | 1.59x | 1.65x | $17.97 Million |
| 2016 | 22.62% | 11.32% | 1.32x | 1.52x | $125.62 Million |
| 2017 | 15.29% | 8.13% | 1.08x | 1.74x | $60.94 Million |
| 2018 | 4.45% | 2.17% | 1.09x | 1.89x | $-64.93 Million |
| 2019 | 14.02% | 4.75% | 1.62x | 1.82x | $54.37 Million |
| 2020 | 9.70% | 3.53% | 1.30x | 2.12x | $-4.44 Million |
| 2021 | 26.34% | 9.16% | 1.40x | 2.05x | $318.09 Million |
| 2022 | -2.44% | -0.77% | 1.27x | 2.49x | $-209.42 Million |
| 2023 | 17.18% | 8.66% | 0.89x | 2.23x | $125.01 Million |
| 2024 | 9.07% | 4.69% | 1.06x | 1.82x | $-17.35 Million |
| 2025 | 11.46% | 5.79% | 1.24x | 1.60x | $30.37 Million |
Industry Comparison
This section compares Kernel Holding S.A's net assets metrics with peer companies in the Food Distribution industry.
Industry Context
- Industry: Food Distribution
- Average net assets among peers: $2,940,586,128
- Average return on equity (ROE) among peers: 6.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kernel Holding S.A (KARNF) | $2.18 Billion | 1.41% | 0.56x | $76.01 Million |
| Asian Citrus Holdings Limited (ACITF) | $-186.47 Million | 0.00% | 0.00x | $2.98 Million |
| Amsterdam Commodities NV (ACNFF) | $407.10 Million | 9.76% | 0.84x | $397.21 Million |
| AiXin Life International Inc (AIXN) | $-74.82K | 0.00% | 0.00x | $360.40K |
| The Andersons Inc (ANDE) | $89.84 Million | 11.22% | 3.82x | $2.22 Billion |
| Mission Produce Inc (AVO) | $313.45 Million | 23.10% | 0.98x | $497.39 Million |
| Bid Corporation Limited (BPPPF) | $26.79 Billion | 13.23% | 1.31x | $7.96 Billion |
| Bunzl plc (BZLFF) | $1.31 Billion | 20.26% | 2.48x | $8.90 Billion |
| Ceres Global Ag Corp (CERGF) | $121.29 Million | -14.37% | 0.73x | $28.68 Million |
| Century Global Commodities Corp (CEUMF) | $21.67 Million | -12.45% | 0.12x | $844.53K |
| The Chefs Warehouse Inc (CHEF) | $537.65 Million | 10.32% | 2.46x | $2.21 Billion |