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Kernel Holding Valuation Multiples
Discover revenue and EBITDA valuation multiples for Kernel Holding and similar public comparables like J&J Snack Foods, Daiwabo Holdings, Cloetta, Osotspa and more.
Kernel Holding Overview
About Kernel Holding
Kernel Holding SA is an investment holding company. The company's segment includes Oilseed Processing; Infrastructure and Trading and Farming. It generates maximum revenue from the Infrastructure and Trading segment. The Infrastructure and Trading segment includes sourcing and merchandising of wholesale edible oils, grain, provision of silo services, grain handling and transshipment services.
Founded
2005
HQ

Employees
10.7K
Website
Financials (LTM)
EV
$2B
Kernel Holding Financials
Kernel Holding reported last 12-month revenue of $4B and EBITDA of $419M.
In the same LTM period, Kernel Holding generated $419M in EBITDA and $247M in net income.
Revenue (LTM)
Kernel Holding P&L
In the most recent fiscal year, Kernel Holding reported revenue of $4B and EBITDA of $468M.
Kernel Holding expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $4B | XXX | $4B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $568M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 14% | XXX | XXX | XXX |
| EBITDA | $419M | XXX | $468M | XXX | XXX | XXX |
| EBITDA Margin | 10% | XXX | 11% | XXX | XXX | XXX |
| EBIT Margin | — | XXX | 9% | XXX | XXX | XXX |
| Net Profit | $247M | XXX | $238M | XXX | XXX | XXX |
| Net Margin | 6% | XXX | 6% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Kernel Holding Stock Performance
Kernel Holding has current market cap of $2B, and enterprise value of $2B.
Market Cap Evolution
Kernel Holding's stock price is $5.57.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2B | $2B | 0.0% | XXX | XXX | XXX | $0.81 |
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Start Free TrialKernel Holding Valuation Multiples
Kernel Holding trades at 0.4x EV/Revenue multiple, and 3.9x EV/EBITDA.
EV / Revenue (LTM)
Kernel Holding Financial Valuation Multiples
As of March 17, 2026, Kernel Holding has market cap of $2B and EV of $2B.
Equity research analysts estimate Kernel Holding's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Kernel Holding has a P/E ratio of 6.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV/Revenue | 0.4x | XXX | 0.4x | XXX | XXX | XXX |
| EV/EBITDA | 3.9x | XXX | 3.5x | XXX | XXX | XXX |
| EV/EBIT | — | XXX | 4.4x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 2.9x | XXX | XXX | XXX |
| P/E | 6.6x | XXX | 6.9x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 10.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Kernel Holding Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Kernel Holding Margins & Growth Rates
Kernel Holding's revenue in the last 12 month grew by 1%.
Kernel Holding's revenue per employee in the last FY averaged $0.4M.
Kernel Holding's rule of 40 is 11% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Kernel Holding's rule of X is 13% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Kernel Holding Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 1% | XXX | 5% | XXX | XXX | XXX |
| EBITDA Margin | 10% | XXX | 11% | XXX | XXX | XXX |
| EBITDA Growth | (5%) | XXX | (15%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 11% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 13% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 5% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Kernel Holding Public Comps
See public comps and valuation multiples for other Wholesale Distribution and Food & Beverages comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| J&J Snack Foods | XXX | XXX | XXX | XXX | XXX | XXX |
| Daiwabo Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Cloetta | XXX | XXX | XXX | XXX | XXX | XXX |
| Osotspa | XXX | XXX | XXX | XXX | XXX | XXX |
| Bell Food Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Kernel Holding M&A Activity
Kernel Holding acquired XXX companies to date.
Last acquisition by Kernel Holding was on XXXXXXXX, XXXXX. Kernel Holding acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Kernel Holding
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialKernel Holding Investment Activity
Kernel Holding invested in XXX companies to date.
Kernel Holding made its latest investment on XXXXXXXX, XXXXX. Kernel Holding invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Kernel Holding
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Kernel Holding
| When was Kernel Holding founded? | Kernel Holding was founded in 2005. |
| Where is Kernel Holding headquartered? | Kernel Holding is headquartered in India. |
| How many employees does Kernel Holding have? | As of today, Kernel Holding has over 10K employees. |
| Who is the CEO of Kernel Holding? | Kernel Holding's CEO is Yevgen Osypov. |
| Is Kernel Holding publicly listed? | Yes, Kernel Holding is a public company listed on Warsaw Stock Exchange. |
| What is the stock symbol of Kernel Holding? | Kernel Holding trades under KER ticker. |
| When did Kernel Holding go public? | Kernel Holding went public in 2007. |
| Who are competitors of Kernel Holding? | Kernel Holding main competitors are J&J Snack Foods, Daiwabo Holdings, Cloetta, Osotspa. |
| What is the current market cap of Kernel Holding? | Kernel Holding's current market cap is $2B. |
| What is the current revenue of Kernel Holding? | Kernel Holding's last 12 months revenue is $4B. |
| What is the current revenue growth of Kernel Holding? | Kernel Holding revenue growth (NTM/LTM) is 1%. |
| What is the current EV/Revenue multiple of Kernel Holding? | Current revenue multiple of Kernel Holding is 0.4x. |
| Is Kernel Holding profitable? | Yes, Kernel Holding is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Kernel Holding? | Kernel Holding's last 12 months EBITDA is $419M. |
| What is Kernel Holding's EBITDA margin? | Kernel Holding's last 12 months EBITDA margin is 10%. |
| What is the current EV/EBITDA multiple of Kernel Holding? | Current EBITDA multiple of Kernel Holding is 3.9x. |
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