KELLANOVA (1K.MI) Stock Fundamental Analysis
BIT:1K - US4878361082 - Common Stock
68.56 EUR
-8.8 (-11.38%)
Taking everything into account, 1K scores 4 out of 10 in our fundamental rating. 1K was compared to 59 industry peers in the Food Products industry. 1K scores excellent on profitability, but there are concerns on its financial health. 1K is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
1K had positive earnings in the past year.
1K had a positive operating cash flow in the past year.
1K had positive earnings in each of the past 5 years.
In the past 5 years 1K always reported a positive cash flow from operatings.
1.2 Ratios
1K has a Return On Assets of 6.38%. This is in the better half of the industry: 1K outperforms 69.49% of its industry peers.
Looking at the Return On Equity, with a value of 27.53%, 1K belongs to the top of the industry, outperforming 89.83% of the companies in the same industry.
The Return On Invested Capital of 1K (11.12%) is better than 88.14% of its industry peers.
1K had an Average Return On Invested Capital over the past 3 years of 11.02%. This is above the industry average of 7.03%.
The last Return On Invested Capital (11.12%) for 1K is above the 3 year average (11.02%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.38% | ||
| ROE | 27.53% | ||
| ROIC | 11.12% |
ROA(3y)6.49%
ROA(5y)6.38%
ROE(3y)31.44%
ROE(5y)33.89%
ROIC(3y)11.02%
ROIC(5y)10.52%
1.3 Margins
The Profit Margin of 1K (9.38%) is better than 76.27% of its industry peers.
In the last couple of years the Profit Margin of 1K has declined.
1K's Operating Margin of 14.64% is amongst the best of the industry. 1K outperforms 81.36% of its industry peers.
1K's Operating Margin has been stable in the last couple of years.
1K has a Gross Margin of 36.28%. This is comparable to the rest of the industry: 1K outperforms 49.15% of its industry peers.
In the last couple of years the Gross Margin of 1K has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.64% | ||
| PM (TTM) | 9.38% | ||
| GM | 36.28% |
OM growth 3Y-3.39%
OM growth 5Y-1.09%
PM growth 3Y-7.26%
PM growth 5Y-5.97%
GM growth 3Y-1.67%
GM growth 5Y-0.9%
2. Health
2.1 Basic Checks
1K has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for 1K has been reduced compared to 1 year ago.
The number of shares outstanding for 1K has been reduced compared to 5 years ago.
The debt/assets ratio for 1K is higher compared to a year ago.
2.2 Solvency
1K has an Altman-Z score of 3.11. This indicates that 1K is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.11, 1K is in the better half of the industry, outperforming 79.66% of the companies in the same industry.
1K has a debt to FCF ratio of 6.31. This is a slightly negative value and a sign of low solvency as 1K would need 6.31 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 6.31, 1K is in line with its industry, outperforming 52.54% of the companies in the same industry.
A Debt/Equity ratio of 1.42 is on the high side and indicates that 1K has dependencies on debt financing.
1K has a worse Debt to Equity ratio (1.42) than 84.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.42 | ||
| Debt/FCF | 6.31 | ||
| Altman-Z | 3.11 |
ROIC/WACC1.45
WACC7.66%
2.3 Liquidity
A Current Ratio of 0.77 indicates that 1K may have some problems paying its short term obligations.
With a Current ratio value of 0.77, 1K is not doing good in the industry: 83.05% of the companies in the same industry are doing better.
1K has a Quick Ratio of 0.77. This is a bad value and indicates that 1K is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.53, 1K is not doing good in the industry: 72.88% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.77 | ||
| Quick Ratio | 0.53 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 21.38% over the past year.
Measured over the past years, 1K shows a decrease in Earnings Per Share. The EPS has been decreasing by -6.41% on average per year.
The Revenue for 1K has decreased by -32.47% in the past year. This is quite bad
Measured over the past years, 1K shows a decrease in Revenue. The Revenue has been decreasing by -0.64% on average per year.
EPS 1Y (TTM)21.38%
EPS 3Y-8.76%
EPS 5Y-6.41%
EPS Q2Q%35.59%
Revenue 1Y (TTM)-32.47%
Revenue growth 3Y-1.59%
Revenue growth 5Y-0.64%
Sales Q2Q%-17.92%
3.2 Future
1K is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 3.77% yearly.
1K is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -0.49% yearly.
EPS Next Y-4.86%
EPS Next 2Y-0.47%
EPS Next 3Y1.24%
EPS Next 5Y3.77%
Revenue Next Year-13.13%
Revenue Next 2Y-5.61%
Revenue Next 3Y-3%
Revenue Next 5Y-0.49%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 21.70 indicates a rather expensive valuation of 1K.
1K's Price/Earnings is on the same level as the industry average.
1K's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.03.
With a Price/Forward Earnings ratio of 20.12, 1K is valued on the expensive side.
Based on the Price/Forward Earnings ratio, 1K is valued a bit more expensive than 61.02% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of 1K to the average of the S&P500 Index (22.54), we can say 1K is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.7 | ||
| Fwd PE | 20.12 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of 1K indicates a slightly more expensive valuation: 1K is more expensive than 76.27% of the companies listed in the same industry.
1K's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. 1K is more expensive than 64.41% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 29.94 | ||
| EV/EBITDA | 17.12 |
4.3 Compensation for Growth
The decent profitability rating of 1K may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-0.47%
EPS Next 3Y1.24%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.82%, 1K has a reasonable but not impressive dividend return.
1K's Dividend Yield is a higher than the industry average which is at 3.25.
1K's Dividend Yield is comparable with the S&P500 average which is at 2.45.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.82% |
5.2 History
The dividend of 1K has a limited annual growth rate of 3.40%.
Dividend Growth(5Y)3.4%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
1K pays out 76.62% of its income as dividend. This is not a sustainable payout ratio.
1K's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP76.62%
EPS Next 2Y-0.47%
EPS Next 3Y1.24%
BIT:1K (9/4/2025, 7:00:00 PM)
68.56
-8.8 (-11.38%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)
Earnings (Next)
Inst OwnersN/A
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap23.63B
Analysts66.67
Price Target78.03 (13.81%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.82% |
Yearly Dividend2.34
Dividend Growth(5Y)3.4%
DP76.62%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.55%
Min EPS beat(2)5.21%
Max EPS beat(2)9.89%
EPS beat(4)4
Avg EPS beat(4)8.66%
Min EPS beat(4)3.35%
Max EPS beat(4)16.18%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-0.14%
Min Revenue beat(2)-0.65%
Max Revenue beat(2)0.37%
Revenue beat(4)1
Avg Revenue beat(4)-16.6%
Min Revenue beat(4)-65.3%
Max Revenue beat(4)0.37%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.7 | ||
| Fwd PE | 20.12 | ||
| P/S | 2.59 | ||
| P/FCF | 29.94 | ||
| P/OCF | 18.05 | ||
| P/B | 7.6 | ||
| P/tB | N/A | ||
| EV/EBITDA | 17.12 |
EPS(TTM)3.16
EY4.61%
EPS(NY)3.41
Fwd EY4.97%
FCF(TTM)2.29
FCFY3.34%
OCF(TTM)3.8
OCFY5.54%
SpS26.47
BVpS9.02
TBVpS-7.89
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.38% | ||
| ROE | 27.53% | ||
| ROCE | 14.53% | ||
| ROIC | 11.12% | ||
| ROICexc | 11.73% | ||
| ROICexgc | 34.69% | ||
| OM | 14.64% | ||
| PM (TTM) | 9.38% | ||
| GM | 36.28% | ||
| FCFM | 8.65% |
ROA(3y)6.49%
ROA(5y)6.38%
ROE(3y)31.44%
ROE(5y)33.89%
ROIC(3y)11.02%
ROIC(5y)10.52%
ROICexc(3y)11.29%
ROICexc(5y)10.81%
ROICexgc(3y)33.08%
ROICexgc(5y)32.11%
ROCE(3y)14.53%
ROCE(5y)13.8%
ROICexcg growth 3Y2.31%
ROICexcg growth 5Y0.42%
ROICexc growth 3Y0.85%
ROICexc growth 5Y2.92%
OM growth 3Y-3.39%
OM growth 5Y-1.09%
PM growth 3Y-7.26%
PM growth 5Y-5.97%
GM growth 3Y-1.67%
GM growth 5Y-0.9%
F-Score6
Asset Turnover0.68
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.42 | ||
| Debt/FCF | 6.31 | ||
| Debt/EBITDA | 2.69 | ||
| Cap/Depr | 172.6% | ||
| Cap/Sales | 5.7% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 80.02% | ||
| Profit Quality | 92.24% | ||
| Current Ratio | 0.77 | ||
| Quick Ratio | 0.53 | ||
| Altman-Z | 3.11 |
F-Score6
WACC7.66%
ROIC/WACC1.45
Cap/Depr(3y)127.36%
Cap/Depr(5y)121.72%
Cap/Sales(3y)4.08%
Cap/Sales(5y)4.05%
Profit Quality(3y)100.03%
Profit Quality(5y)95.99%
High Growth Momentum
Growth
EPS 1Y (TTM)21.38%
EPS 3Y-8.76%
EPS 5Y-6.41%
EPS Q2Q%35.59%
EPS Next Y-4.86%
EPS Next 2Y-0.47%
EPS Next 3Y1.24%
EPS Next 5Y3.77%
Revenue 1Y (TTM)-32.47%
Revenue growth 3Y-1.59%
Revenue growth 5Y-0.64%
Sales Q2Q%-17.92%
Revenue Next Year-13.13%
Revenue Next 2Y-5.61%
Revenue Next 3Y-3%
Revenue Next 5Y-0.49%
EBIT growth 1Y-11.21%
EBIT growth 3Y-4.93%
EBIT growth 5Y-1.71%
EBIT Next Year15.86%
EBIT Next 3Y8.13%
EBIT Next 5Y6.53%
FCF growth 1Y-25.3%
FCF growth 3Y-13.22%
FCF growth 5Y0.21%
OCF growth 1Y-11.41%
OCF growth 3Y-6.09%
OCF growth 5Y1.38%