Stock Analysis on Net
Stock Analysis on Net

Kellanova (NYSE:K)

$22.49

This company has been moved to the archive! The financial data has not been updated since August 1, 2024.

Return on Equity (ROE)
since 2005

Microsoft Excel

Paying user area

Try for free

Kellanova pages available for free this week:

The data is hidden behind: . Unhide it.

Get access

This is a one-time payment. There is no automatic renewal.

We accept:

Visa Mastercard American Express Maestro Discover JCB PayPal Google Pay
Visa Secure Mastercard Identity Check American Express SafeKey

Calculation

Kellanova, ROE, long-term trends, calculation

Microsoft Excel
ROE = 100 × Net income attributable to Kellanova1 ÷ Total Kellanova equity1
Dec 30, 2023 = 100 × ÷
Dec 31, 2022 = 100 × ÷
Dec 31, 2021 = 100 × ÷
Jan 2, 2021 = 100 × ÷
Dec 28, 2019 = 100 × ÷
Dec 29, 2018 = 100 × ÷
Dec 30, 2017 = 100 × ÷
Dec 31, 2016 = 100 × ÷
Dec 31, 2015 = 100 × ÷
Dec 31, 2014 = 100 × ÷
Dec 28, 2013 = 100 × ÷
Dec 29, 2012 = 100 × ÷
Dec 31, 2011 = 100 × ÷
Dec 31, 2010 = 100 × ÷
Dec 31, 2009 = 100 × ÷
Dec 31, 2008 = 100 × ÷
Dec 29, 2007 = 100 × ÷
Dec 30, 2006 = 100 × ÷
Dec 31, 2005 = 100 × ÷

Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2021-01-02), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).

1 US$ in millions

The financial data analysis reveals several significant trends related to net income, equity, and return on equity (ROE) over the examined periods.

Net Income
Net income attributable to the company shows considerable variability throughout the years. From an initial value of 980 million USD, net income increased steadily and reached a peak of 1,807 million USD in 2013. However, a sharp decline followed, dropping to 632 million USD in 2014. After this low point, the net income gradually recovered, peaking again at 1,488 million USD in 2021, before trending downward to 951 million USD by the end of 2023. This pattern indicates periods of significant volatility with occasional strong performance interspersed with notable declines.
Total Equity
Total equity reflects a fluctuating but generally upward trend over the examined timeframe. Starting at 2,284 million USD, equity decreased in several instances, such as in 2006 and 2008, with a notable dip to 1,448 million USD in 2008. Despite these setbacks, equity rose sharply reaching a high of 3,941 million USD in 2022 before dropping back to 3,175 million USD in 2023. The fluctuating equity levels suggest the company experienced capital adjustments or changes in retained earnings, alongside possible market valuation impacts.
Return on Equity (ROE)
ROE shows an overall high level of profitability in terms of equity returns but with pronounced volatility. The trend started strongly at 42.93%, reaching an outstanding peak of 79.28% in 2008. Following this peak, a marked decline occurred, with ROE dropping to 22.66% in 2014, reflecting diminished profitability relative to equity. Subsequently, ROE improved again to around 57.37% in 2017, before declining gradually to 29.95% in 2023. These fluctuations in ROE correspond to the changes observed in net income and equity, indicating shifting efficiency in generating earnings from shareholder investment.

Overall, the data presents a pattern of cyclical financial performance with periods of strong profitability and equity growth alternating with phases of decline. The most notable features include the high peak of ROE in 2008 coincident with a low equity base and volatile net income, as well as a recovery phase in the late 2010s before a recent downward trend in profitability and equity levels toward 2023. This analysis suggests the company has faced challenges in maintaining consistent growth but has demonstrated resilience in recovering from downturns.

Comparison to Competitors

Kellanova, ROE, long-term trends, comparison to competitors

Microsoft Excel
Kellanova Coca-Cola Co. Mondelēz International Inc. PepsiCo Inc. Philip Morris International Inc.
Dec 30, 2023
Dec 31, 2022
Dec 31, 2021
Jan 2, 2021
Dec 28, 2019
Dec 29, 2018
Dec 30, 2017
Dec 31, 2016
Dec 31, 2015
Dec 31, 2014
Dec 28, 2013
Dec 29, 2012
Dec 31, 2011
Dec 31, 2010
Dec 31, 2009
Dec 31, 2008
Dec 29, 2007
Dec 30, 2006
Dec 31, 2005

Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2021-01-02), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).

Comparison to Sector (Food, Beverage & Tobacco)

Kellanova, ROE, long-term trends, comparison to sector (food, beverage & tobacco)

Microsoft Excel
Kellanova Food, Beverage & Tobacco
Dec 30, 2023
Dec 31, 2022
Dec 31, 2021
Jan 2, 2021
Dec 28, 2019
Dec 29, 2018
Dec 30, 2017
Dec 31, 2016
Dec 31, 2015
Dec 31, 2014
Dec 28, 2013
Dec 29, 2012
Dec 31, 2011
Dec 31, 2010
Dec 31, 2009
Dec 31, 2008
Dec 29, 2007
Dec 30, 2006
Dec 31, 2005

Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2021-01-02), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).

Comparison to Industry (Consumer Staples)

Kellanova, ROE, long-term trends, comparison to industry (consumer staples)

Microsoft Excel
Kellanova Consumer Staples
Dec 30, 2023
Dec 31, 2022
Dec 31, 2021
Jan 2, 2021
Dec 28, 2019
Dec 29, 2018
Dec 30, 2017
Dec 31, 2016
Dec 31, 2015
Dec 31, 2014
Dec 28, 2013
Dec 29, 2012
Dec 31, 2011
Dec 31, 2010
Dec 31, 2009
Dec 31, 2008
Dec 29, 2007
Dec 30, 2006
Dec 31, 2005

Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2021-01-02), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).