Kernel Holding SA last = 49 PLN 1w: -0.4 (-0.8%)
% vs. spot / Price1M6M12MLT(2Y)LT(3Y)
Target Price (consensus)4.1%12.4%50.3% (74.2)--
Upside (Bull Case)4.1%12.4%50.3% (74.2)--
Downside (Bear Case)-----

Company's operations have tested bottom as crushing margins lost ~30% (current EBITDA margin ~5%). I consider that this bottom is a good entry point in order to capture recovering sector fundamentals. Additionally, the construction of a new crushing plant and transshipment port make Kernel a growth story.