Kornit Digital Ltd. (KRNT) vs Park-Ohio Holdings Corp. (PKOH)

Kornit Digital Ltd. and Park-Ohio Holdings Corp. are both Specialty Industrial Machinery companies. Kornit Digital Ltd. and Park-Ohio Holdings Corp. are of similar size ($688.6M and $651.8M). Kornit Digital Ltd. has negative trailing earnings, so its P/E is not meaningful; Park-Ohio Holdings Corp. trades at 25.2×. Kornit Digital Ltd. grew revenue faster over the last twelve months: 3.95% against 2.68%. Park-Ohio Holdings Corp. has the higher net margin (1.60% vs −9.42%) and the higher return on invested capital (4.45% vs −10.6%). Across the 19 metrics below, Park-Ohio Holdings Corp. leads on 12 and Kornit Digital Ltd. on 7.

Valuation

Metric KRNT PKOH Specialty Industrial Machinery median
P/E n/m 25.15 29.62
P/S 3.09 0.40 2.77
P/B 0.94 1.70 3.04
Price to free cash flow 124.20 32.57 23.81
EV/EBITDA n/m 11.26 16.05
EV/Sales 1.10 0.77 2.94
Earnings yield (3.02%) 3.98% 3.08%
Free cash flow yield 0.81% 3.07% 3.12%

Profitability

Metric KRNT PKOH Specialty Industrial Machinery median
Gross margin 44.09% 17.31% 35.90%
Operating margin (18.54%) 4.32% 11.22%
Net margin (9.42%) 1.60% 7.80%
Free cash flow margin 2.69% 1.24% 9.51%
Return on equity 0.00% 6.89% 11.10%
Return on assets (2.68%) 1.83% 4.63%
Return on invested capital (10.60%) 4.45% 5.37%

Growth

Metric KRNT PKOH Specialty Industrial Machinery median
Revenue growth (TTM) 3.95% 2.68% 6.45%
EPS growth (last fiscal year) 14.29% (29.17%) —
Revenue growth, 5-year CAGR 1.49% 6.78% 8.31%
Net income growth, 5-year CAGR 0.00% 0.00% 5.04%

Health

Metric KRNT PKOH Specialty Industrial Machinery median
Debt to equity 0.00 1.68 0.35
Current ratio 8.81 2.40 2.11
Net debt to EBITDA 20.19 5.40 1.32

Dividend

Metric KRNT PKOH Specialty Industrial Machinery median
Dividend yield — 2.56% 1.12%
Payout ratio 0.00 0.42 0.17

Size

Metric KRNT PKOH Specialty Industrial Machinery median
Market cap 651.80m 688.57m 1.97b

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