abrdn PLC Decreases Holdings in Kornit Digital Ltd. by 29.1% in Q1
July 26, 2023
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Kornit Digital ($NASDAQ:KRNT) Ltd is an Israel-based technological company specializing in the digital printing of textiles. They provide a wide range of solutions for the textile industry, from small format direct-to-garment printers to large scale industrial printing systems. Their products enable a faster, more cost-effective way to print garments and fabrics, making them a sought-after solution for many businesses in this sector. In its most recent filing with the Securities and Exchange Commission, ABRDN PLC revealed a decrease of 29.1% in their holdings of shares of Kornit Digital Ltd. during the first quarter. This shows a decrease in investor confidence for the stock as investors chose to reduce their exposure to the company’s stock.
It remains to be seen what effect this will have on future stock performance. Kornit Digital Ltd still has plenty to offer and continues to be an attractive option for many businesses in the textile industry thanks to its innovative solutions and competitive pricing. It will be interesting to see how the company’s stock performs going forward given the recent decrease in investor confidence.
Analysis
GoodWhale has completed detailed analysis of KORNIT DIGITAL‘s financials and found it to be a strong company. Our Star Chart results show that KORNIT DIGITAL is strong in terms of asset, growth, and medium in profitability and weak in dividend. Additionally, its Health Score of 9/10 makes it a safe bet to ride out any economic crisis without the risk of bankruptcy. We classify KORNIT DIGITAL as an ‘elephant’, a type of company that is rich in assets once liabilities have been deducted. Given the company’s strong financial capabilities, we believe that KORNIT DIGITAL may be of interest to investors looking for a secure investment with potential for long-term growth. These could include institutional investors who have the capital to bear the risks associated with investing in large, established companies, as well as value investors seeking out companies with solid balance sheets. Additionally, the company has potential for growth that may attract growth investors with a higher risk appetite. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Kornit Digital. More…
| Total Revenues | Net Income | Net Margin |
| 236 | -92.8 | -39.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Kornit Digital. More…
| Operations | Investing | Financing |
| -66.27 | 348.9 | -6.97 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Kornit Digital. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 947.06 | 94.03 | 17.39 |
Key Ratios Snapshot
Some of the financial key ratios for Kornit Digital are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.1% | 29.2% | -36.9% |
| FCF Margin | ROE | ROA |
| -34.1% | -6.3% | -5.7% |
Peers
Its main competitors are Hangzhou Honghua Digital Technology Stock Co Ltd, Heidelberger Druckmaschinen AG, and Koenig & Bauer AG.
– Hangzhou Honghua Digital Technology Stock Co Ltd ($SHSE:688789)
Honghua Digital Technology is a Chinese company that designs and manufactures electronic products. Its products include digital cameras, camcorders, digital photo frames, and other digital imaging products. The company also provides OEM and ODM services to other companies.
– Heidelberger Druckmaschinen AG ($OTCPK:HBGRY)
Heidelberger Druckmaschinen AG is a German printing press manufacturer. It is the world’s largest printing press manufacturer with a market share of 22.4% in 2016. The company is headquartered in Heidelberg, Germany, and employs around 5,700 people.
Heidelberger Druckmaschinen AG has a market cap of 419.02M as of 2022. Its ROE for the same year is 19.23%. The company is the world’s largest printing press manufacturer with a market share of 22.4% in 2016.
– Koenig & Bauer AG ($LTS:0G15)
Koenig & Bauer AG is a German printing press manufacturer. It is the oldest printing press manufacturer in the world and is headquartered in Würzburg, Germany. The company was founded in 1792 by Friedrich Koenig and Andreas Bauer. The company produces a wide range of printing presses, including offset, digital, flexographic, and gravure presses.
Koenig & Bauer AG has a market cap of 219.78M as of 2022. The company’s return on equity is 2.08%. Koenig & Bauer AG is the oldest printing press manufacturer in the world and is headquartered in Würzburg, Germany. The company produces a wide range of printing presses, including offset, digital, flexographic, and gravure presses.
Summary
This drop in holdings amounted to 29.1%. Investors should take this into account when analyzing the company, since it reflects a shift in sentiment towards the firm. A further analysis of Kornit Digital Ltd.’s stock should include studying its past performance, potential for growth, and industry trends.
Other important factors to consider include the company’s financial health, investor sentiment, competitive landscape, and risk profile. Taking all of these factors into account can help investors make an informed decision about whether or not to invest in Kornit Digital Ltd.
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