As of 2025-05-13, the Intrinsic Value of Kernel Holding S.A. (KER.WA) is 20.66 PLN. This KER.WA valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 19.40 PLN, the upside of Kernel Holding S.A. is 6.50%.
The range of the Intrinsic Value is 14.59 - 33.14 PLN
Based on its market price of 19.40 PLN and our intrinsic valuation, Kernel Holding S.A. (KER.WA) is undervalued by 6.50%.
| Range | Selected | Upside | |
| a | |||
| DCF (Growth 5y) | 14.59 - 33.14 | 20.66 | 6.5% |
| DCF (Growth 10y) | 52.40 - 109.80 | 71.23 | 267.2% |
| DCF (EBITDA 5y) | 23.70 - 48.78 | 36.66 | 89.0% |
| DCF (EBITDA 10y) | 40.91 - 75.62 | 58.10 | 199.5% |
| Fair Value | 75.97 - 75.97 | 75.97 | 291.61% |
| P/E | 25.41 - 32.90 | 28.58 | 47.3% |
| EV/EBITDA | 21.94 - 45.48 | 33.44 | 72.4% |
| EPV | 41.51 - 51.40 | 46.46 | 139.5% |
| DDM - Stable | 23.19 - 54.79 | 38.99 | 101.0% |
| DDM - Multi | 40.60 - 74.76 | 52.64 | 171.3% |
| Market Cap (mil) | 5,820.58 |
| Beta | 1.37 |
| Outstanding shares (mil) | 300.03 |
| Enterprise Value (mil) | 7,016.96 |
| Market risk premium | 6.34% |
| Cost of Equity | 10.58% |
| Cost of Debt | 7.59% |
| WACC | 8.90% |