KELLANOVA (KEL.DE) Stock Fundamental Analysis
FRA:KEL - US4878361082 - Common Stock
67.52 EUR
-0.22 (-0.32%)
Overall KEL gets a fundamental rating of 5 out of 10. We evaluated KEL against 57 industry peers in the Food Products industry. KEL scores excellent on profitability, but there are concerns on its financial health. KEL has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
KEL had positive earnings in the past year.
In the past year KEL had a positive cash flow from operations.
In the past 5 years KEL has always been profitable.
In the past 5 years KEL always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 8.41%, KEL belongs to the top of the industry, outperforming 87.72% of the companies in the same industry.
KEL has a Return On Equity of 32.49%. This is amongst the best in the industry. KEL outperforms 92.98% of its industry peers.
With an excellent Return On Invested Capital value of 13.24%, KEL belongs to the best of the industry, outperforming 92.98% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for KEL is above the industry average of 7.09%.
The last Return On Invested Capital (13.24%) for KEL is above the 3 year average (11.99%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.41% | ||
| ROE | 32.49% | ||
| ROIC | 13.24% |
ROA(3y)6.62%
ROA(5y)7%
ROE(3y)29.96%
ROE(5y)34.02%
ROIC(3y)11.99%
ROIC(5y)11.58%
1.3 Margins
KEL's Profit Margin of 10.56% is fine compared to the rest of the industry. KEL outperforms 78.95% of its industry peers.
KEL's Profit Margin has improved in the last couple of years.
KEL has a Operating Margin of 15.05%. This is amongst the best in the industry. KEL outperforms 84.21% of its industry peers.
KEL's Operating Margin has improved in the last couple of years.
The Gross Margin of KEL (35.99%) is comparable to the rest of the industry.
KEL's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15.05% | ||
| PM (TTM) | 10.56% | ||
| GM | 35.99% |
OM growth 3Y5.23%
OM growth 5Y6.89%
PM growth 3Y0.13%
PM growth 5Y8.3%
GM growth 3Y3.3%
GM growth 5Y2.28%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), KEL is creating some value.
Compared to 1 year ago, KEL has more shares outstanding
KEL has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, KEL has an improved debt to assets ratio.
2.2 Solvency
KEL has an Altman-Z score of 3.30. This indicates that KEL is financially healthy and has little risk of bankruptcy at the moment.
KEL has a better Altman-Z score (3.30) than 80.70% of its industry peers.
The Debt to FCF ratio of KEL is 9.04, which is on the high side as it means it would take KEL, 9.04 years of fcf income to pay off all of its debts.
KEL has a Debt to FCF ratio of 9.04. This is comparable to the rest of the industry: KEL outperforms 40.35% of its industry peers.
A Debt/Equity ratio of 1.25 is on the high side and indicates that KEL has dependencies on debt financing.
KEL has a worse Debt to Equity ratio (1.25) than 78.95% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.25 | ||
| Debt/FCF | 9.04 | ||
| Altman-Z | 3.3 |
ROIC/WACC1.68
WACC7.88%
2.3 Liquidity
A Current Ratio of 0.68 indicates that KEL may have some problems paying its short term obligations.
With a Current ratio value of 0.68, KEL is not doing good in the industry: 87.72% of the companies in the same industry are doing better.
KEL has a Quick Ratio of 0.68. This is a bad value and indicates that KEL is not financially healthy enough and could expect problems in meeting its short term obligations.
KEL has a Quick ratio of 0.45. This is in the lower half of the industry: KEL underperforms 75.44% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.68 | ||
| Quick Ratio | 0.45 |
3. Growth
3.1 Past
The earnings per share for KEL have decreased by -4.18% in the last year.
KEL shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -0.46% yearly.
The Revenue has grown by 10.71% in the past year. This is quite good.
KEL shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -1.25% yearly.
EPS 1Y (TTM)-4.18%
EPS 3Y-2.63%
EPS 5Y-0.46%
EPS Q2Q%-6.93%
Revenue 1Y (TTM)10.71%
Revenue growth 3Y-3.49%
Revenue growth 5Y-1.25%
Sales Q2Q%0.34%
3.2 Future
KEL is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.34% yearly.
Based on estimates for the next years, KEL will show a small growth in Revenue. The Revenue will grow by 2.11% on average per year.
EPS Next Y-4.24%
EPS Next 2Y-0.07%
EPS Next 3Y1.34%
EPS Next 5Y4.34%
Revenue Next Year0.11%
Revenue Next 2Y1.26%
Revenue Next 3Y1.64%
Revenue Next 5Y2.11%
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
The Price/Earnings ratio is 21.43, which indicates a rather expensive current valuation of KEL.
The rest of the industry has a similar Price/Earnings ratio as KEL.
KEL is valuated rather cheaply when we compare the Price/Earnings ratio to 27.06, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 20.46, which indicates a rather expensive current valuation of KEL.
Based on the Price/Forward Earnings ratio, KEL is valued a bit more expensive than 63.16% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of KEL to the average of the S&P500 Index (22.69), we can say KEL is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.43 | ||
| Fwd PE | 20.46 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, KEL is valued a bit more expensive than the industry average as 70.18% of the companies are valued more cheaply.
66.67% of the companies in the same industry are cheaper than KEL, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 42.1 | ||
| EV/EBITDA | 14.13 |
4.3 Compensation for Growth
The excellent profitability rating of KEL may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-0.07%
EPS Next 3Y1.34%
5. Dividend
5.1 Amount
KEL has a Yearly Dividend Yield of 2.92%.
Compared to an average industry Dividend Yield of 3.27, KEL pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.32, KEL pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.92% |
5.2 History
The dividend of KEL has a limited annual growth rate of 1.51%.
Dividend Growth(5Y)1.51%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
59.03% of the earnings are spent on dividend by KEL. This is a bit on the high side, but may be sustainable.
The dividend of KEL is growing, but earnings are growing more, so the dividend growth is sustainable.
DP59.03%
EPS Next 2Y-0.07%
EPS Next 3Y1.34%
FRA:KEL (9/3/2025, 7:00:00 PM)
67.52
-0.22 (-0.32%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)
Earnings (Next)
Inst Owners82.33%
Inst Owner ChangeN/A
Ins Owners0.44%
Ins Owner ChangeN/A
Market Cap23.50B
Analysts54.55
Price Target73.24 (8.47%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.92% |
Yearly Dividend1.94
Dividend Growth(5Y)1.51%
DP59.03%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-9.7%
Min EPS beat(2)-12.53%
Max EPS beat(2)-6.87%
EPS beat(4)2
Avg EPS beat(4)-1.39%
Min EPS beat(4)-12.53%
Max EPS beat(4)8.62%
EPS beat(8)6
Avg EPS beat(8)5.6%
EPS beat(12)10
Avg EPS beat(12)6.19%
EPS beat(16)14
Avg EPS beat(16)7.38%
Revenue beat(2)0
Avg Revenue beat(2)-3.24%
Min Revenue beat(2)-4.93%
Max Revenue beat(2)-1.54%
Revenue beat(4)1
Avg Revenue beat(4)-1.84%
Min Revenue beat(4)-4.93%
Max Revenue beat(4)0.37%
Revenue beat(8)3
Avg Revenue beat(8)-0.13%
Revenue beat(12)6
Avg Revenue beat(12)0.14%
Revenue beat(16)9
Avg Revenue beat(16)0.33%
PT rev (1m)0.8%
PT rev (3m)-1.51%
EPS NQ rev (1m)-3.52%
EPS NQ rev (3m)-7%
EPS NY rev (1m)-4.15%
EPS NY rev (3m)-4.06%
Revenue NQ rev (1m)-0.72%
Revenue NQ rev (3m)-0.54%
Revenue NY rev (1m)-0.37%
Revenue NY rev (3m)-0.34%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.43 | ||
| Fwd PE | 20.46 | ||
| P/S | 2.16 | ||
| P/FCF | 42.1 | ||
| P/OCF | 20.97 | ||
| P/B | 6.66 | ||
| P/tB | N/A | ||
| EV/EBITDA | 14.13 |
EPS(TTM)3.15
EY4.67%
EPS(NY)3.3
Fwd EY4.89%
FCF(TTM)1.6
FCFY2.38%
OCF(TTM)3.22
OCFY4.77%
SpS31.19
BVpS10.14
TBVpS-6.82
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.41% | ||
| ROE | 32.49% | ||
| ROCE | 18.15% | ||
| ROIC | 13.24% | ||
| ROICexc | 13.67% | ||
| ROICexgc | 36.94% | ||
| OM | 15.05% | ||
| PM (TTM) | 10.56% | ||
| GM | 35.99% | ||
| FCFM | 5.14% |
ROA(3y)6.62%
ROA(5y)7%
ROE(3y)29.96%
ROE(5y)34.02%
ROIC(3y)11.99%
ROIC(5y)11.58%
ROICexc(3y)12.48%
ROICexc(5y)11.99%
ROICexgc(3y)36.74%
ROICexgc(5y)35.13%
ROCE(3y)15.6%
ROCE(5y)14.99%
ROICexcg growth 3Y9.44%
ROICexcg growth 5Y7.97%
ROICexc growth 3Y8.64%
ROICexc growth 5Y9.53%
OM growth 3Y5.23%
OM growth 5Y6.89%
PM growth 3Y0.13%
PM growth 5Y8.3%
GM growth 3Y3.3%
GM growth 5Y2.28%
F-Score6
Asset Turnover0.8
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.25 | ||
| Debt/FCF | 9.04 | ||
| Debt/EBITDA | 2.25 | ||
| Cap/Depr | 177.51% | ||
| Cap/Sales | 5.18% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 57.44% | ||
| Profit Quality | 48.69% | ||
| Current Ratio | 0.68 | ||
| Quick Ratio | 0.45 | ||
| Altman-Z | 3.3 |
F-Score6
WACC7.88%
ROIC/WACC1.68
Cap/Depr(3y)144.93%
Cap/Depr(5y)131.73%
Cap/Sales(3y)4.42%
Cap/Sales(5y)4.17%
Profit Quality(3y)102.41%
Profit Quality(5y)100.55%
High Growth Momentum
Growth
EPS 1Y (TTM)-4.18%
EPS 3Y-2.63%
EPS 5Y-0.46%
EPS Q2Q%-6.93%
EPS Next Y-4.24%
EPS Next 2Y-0.07%
EPS Next 3Y1.34%
EPS Next 5Y4.34%
Revenue 1Y (TTM)10.71%
Revenue growth 3Y-3.49%
Revenue growth 5Y-1.25%
Sales Q2Q%0.34%
Revenue Next Year0.11%
Revenue Next 2Y1.26%
Revenue Next 3Y1.64%
Revenue Next 5Y2.11%
EBIT growth 1Y20.29%
EBIT growth 3Y1.56%
EBIT growth 5Y5.55%
EBIT Next Year19.43%
EBIT Next 3Y8.89%
EBIT Next 5Y6.99%
FCF growth 1Y-30.11%
FCF growth 3Y-0.47%
FCF growth 5Y13.92%
OCF growth 1Y-12.42%
OCF growth 3Y1.14%
OCF growth 5Y8.4%