KELLANOVA (KEL.DE) Stock Fundamental Analysis
Europe - FRA:KEL - US4878361082 - Common Stock
66.24 EUR
+0.84 (+1.28%)
Overall KEL gets a fundamental rating of 5 out of 10. We evaluated KEL against 58 industry peers in the Food Products industry. While KEL belongs to the best of the industry regarding profitability, there are concerns on its financial health. KEL is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year KEL was profitable.
KEL had a positive operating cash flow in the past year.
In the past 5 years KEL has always been profitable.
Each year in the past 5 years KEL had a positive operating cash flow.
1.2 Ratios
KEL has a better Return On Assets (8.41%) than 82.76% of its industry peers.
KEL has a better Return On Equity (32.49%) than 91.38% of its industry peers.
Looking at the Return On Invested Capital, with a value of 13.24%, KEL belongs to the top of the industry, outperforming 87.93% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for KEL is above the industry average of 7.46%.
The 3 year average ROIC (11.99%) for KEL is below the current ROIC(13.24%), indicating increased profibility in the last year.
| 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
With a decent Profit Margin value of 10.56%, KEL is doing good in the industry, outperforming 77.59% of the companies in the same industry.
In the last couple of years the Profit Margin of KEL has grown nicely.
The Operating Margin of KEL (15.05%) is better than 84.48% of its industry peers.
KEL's Operating Margin has improved in the last couple of years.
With a Gross Margin value of 35.99%, KEL perfoms like the industry average, outperforming 44.83% of the companies in the same industry.
In the last couple of years the Gross Margin of KEL has grown nicely.
| 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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so KEL is still creating some value.
Compared to 1 year ago, KEL has more shares outstanding
The number of shares outstanding for KEL has been increased compared to 5 years ago.
The debt/assets ratio for KEL has been reduced compared to a year ago.
2.2 Solvency
KEL has an Altman-Z score of 3.29. This indicates that KEL is financially healthy and has little risk of bankruptcy at the moment.
KEL has a better Altman-Z score (3.29) than 79.31% of its industry peers.
KEL has a debt to FCF ratio of 9.04. This is a negative value and a sign of low solvency as KEL would need 9.04 years to pay back of all of its debts.
KEL has a Debt to FCF ratio (9.04) which is in line with its industry peers.
KEL has a Debt/Equity ratio of 1.25. This is a high value indicating a heavy dependency on external financing.
KEL has a worse Debt to Equity ratio (1.25) than 79.31% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.25 | ||
| Debt/FCF | 9.04 | ||
| Altman-Z | 3.29 |
ROIC/WACC1.69
WACC7.83%
2.3 Liquidity
KEL has a Current 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.
The Current ratio of KEL (0.68) is worse than 87.93% of its industry peers.
A Quick Ratio of 0.45 indicates that KEL may have some problems paying its short term obligations.
The Quick ratio of KEL (0.45) is worse than 77.59% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.68 | ||
| Quick Ratio | 0.45 |
3. Growth
3.1 Past
KEL shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -4.18%.
KEL shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -0.46% yearly.
KEL shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.71%.
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
The Earnings Per Share is expected to grow by 4.29% on average over the next years.
KEL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.11% yearly.
EPS Next Y-3.98%
EPS Next 2Y0.05%
EPS Next 3Y1.34%
EPS Next 5Y4.29%
Revenue Next Year0.08%
Revenue Next 2Y1.19%
Revenue Next 3Y1.64%
Revenue Next 5Y2.11%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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
With a Price/Earnings ratio of 21.16, KEL is valued on the expensive side.
Based on the Price/Earnings ratio, KEL is valued a bit more expensive than the industry average as 62.07% of the companies are valued more cheaply.
KEL's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.51.
The Price/Forward Earnings ratio is 20.17, which indicates a rather expensive current valuation of KEL.
63.79% of the companies in the same industry are cheaper than KEL, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 22.53. KEL is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.16 | ||
| Fwd PE | 20.17 |
4.2 Price Multiples
68.97% of the companies in the same industry are cheaper than KEL, based on the Enterprise Value to EBITDA ratio.
KEL's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 41.61 | ||
| EV/EBITDA | 13.99 |
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 2Y0.05%
EPS Next 3Y1.34%
5. Dividend
5.1 Amount
KEL has a Yearly Dividend Yield of 2.81%.
Compared to an average industry Dividend Yield of 3.52, KEL pays a bit more dividend than its industry peers.
KEL's Dividend Yield is comparable with the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.81% |
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 2Y0.05%
EPS Next 3Y1.34%
FRA:KEL (9/25/2025, 7:00:00 PM)
66.24
+0.84 (+1.28%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)
Earnings (Next)
Inst Owners84.18%
Inst Owner ChangeN/A
Ins Owners0.44%
Ins Owner ChangeN/A
Market Cap23.05B
Revenue(TTM)12.64B
Net Income(TTM)1.33B
Analysts54.29
Price Target72.25 (9.07%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.81% |
Yearly Dividend1.93
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)-1.35%
PT rev (3m)-2.6%
EPS NQ rev (1m)0.01%
EPS NQ rev (3m)-4.41%
EPS NY rev (1m)0.27%
EPS NY rev (3m)-4.14%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.69%
Revenue NY rev (1m)-0.03%
Revenue NY rev (3m)-0.51%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.16 | ||
| Fwd PE | 20.17 | ||
| P/S | 2.14 | ||
| P/FCF | 41.61 | ||
| P/OCF | 20.73 | ||
| P/B | 6.58 | ||
| P/tB | N/A | ||
| EV/EBITDA | 13.99 |
EPS(TTM)3.13
EY4.73%
EPS(NY)3.28
Fwd EY4.96%
FCF(TTM)1.59
FCFY2.4%
OCF(TTM)3.2
OCFY4.82%
SpS30.96
BVpS10.06
TBVpS-6.77
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/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%
ROICexgc growth 3Y9.44%
ROICexgc 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 | 3.29 |
F-Score6
WACC7.83%
ROIC/WACC1.69
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-3.98%
EPS Next 2Y0.05%
EPS Next 3Y1.34%
EPS Next 5Y4.29%
Revenue 1Y (TTM)10.71%
Revenue growth 3Y-3.49%
Revenue growth 5Y-1.25%
Sales Q2Q%0.34%
Revenue Next Year0.08%
Revenue Next 2Y1.19%
Revenue Next 3Y1.64%
Revenue Next 5Y2.11%
EBIT growth 1Y20.29%
EBIT growth 3Y1.56%
EBIT growth 5Y5.55%
EBIT Next Year17.18%
EBIT Next 3Y7.63%
EBIT Next 5Y6.96%
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%
KELLANOVA / KEL.DE FAQ
Can you provide the ChartMill fundamental rating for KELLANOVA?
ChartMill assigns a fundamental rating of 5 / 10 to KEL.DE.
Can you provide the valuation status for KELLANOVA?
ChartMill assigns a valuation rating of 2 / 10 to KELLANOVA (KEL.DE). This can be considered as Overvalued.
What is the profitability of KEL stock?
KELLANOVA (KEL.DE) has a profitability rating of 9 / 10.
What are the PE and PB ratios of KELLANOVA (KEL.DE) stock?
The Price/Earnings (PE) ratio for KELLANOVA (KEL.DE) is 21.16 and the Price/Book (PB) ratio is 6.58.
Can you provide the dividend sustainability for KEL stock?
The dividend rating of KELLANOVA (KEL.DE) is 5 / 10 and the dividend payout ratio is 59.03%.