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KMD Brands LimitedNZSE:KMD Stock Report

Market Cap NZ$192.2m
Share Price
NZ$0.27
My Fair Value
NZ$0.3
11.7% undervalued intrinsic discount
1Y-45.4%
7D12.8%
Portfolio Value
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KMD Brands Limited

NZSE:KMD Stock Report

Market Cap: NZ$192.2m

KMD Brands (KMD) Stock Overview

Designs, markets, wholesales, and retails apparel, footwear, and equipment for surfing and the outdoors under the Kathmandu, Rip Curl, and Oboz brands in New Zealand, Australia, North America, Europe, Southeast Asia, and Brazil. More details

KMD fundamental analysis
Snowflake Score
Valuation5/6
Future Growth3/6
Past Performance0/6
Financial Health5/6
Dividends0/6

Rewards

Trading at 86.3% below our estimate of its fair value

Earnings are forecast to grow 78.16% per year

Trading at good value compared to peers and industry

Risk Analysis

Volatile share price over the past 3 months compared to the NZ market


KMD Community Fair Values

Create Narrative

See what 25 others think this stock is worth. Follow their fair value or set your own to get alerts.

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KMD Brands

Performance Will Suffer From Competition And Rising Costs But Rebound

Key Takeaways Margin pressure from promotional activity, operational costs, and sustainability investments may constrain profit growth and limit benefits from digital and direct-to-consumer momentum. Exposure to climate risks and slow recovery in wholesale channels challenge revenue consistency and top-line growth despite international expansion and brand innovation efforts.
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NZ$0.3
FV
11.7% undervalued intrinsic discount
4.79%
Revenue growth p.a.
0users have liked this narrative
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1users have followed this narrative
26 days ago author updated this narrative
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KMD Brands

Digital Investments And Outdoor Demand Will Open New Markets

Key Takeaways Accelerating digital and DTC expansion, combined with rising global demand for outdoor brands, positions KMD favorably for increased market share and operating leverage. Strong sustainability credentials and improved wholesale momentum are set to enhance brand loyalty, support premium pricing, and boost long-term margin stability.
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NZ$0.45
FV
41.1% undervalued intrinsic discount
4.82%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
0users have followed this narrative
19 days ago author updated this narrative
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KMD Brands

Digital Platforms And New Stores Will Improve Retail Efficiency

Key Takeaways Investments in digital platforms, eCommerce and strategic marketing are expected to enhance online sales, brand recognition, and revenue growth. Store expansions and operational upgrades aim to boost direct-to-consumer sales and improve operational efficiency, supporting higher earnings and net margins.
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NZ$0.36
FV
26.4% undervalued intrinsic discount
4.16%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
14users have followed this narrative
25 days ago author updated this narrative
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KMD Brands Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for KMD Brands
Historical stock prices
Current Share PriceNZ$0.27
52 Week HighNZ$0.54
52 Week LowNZ$0.23
Beta0.24
1 Month Change10.42%
3 Month Change-1.85%
1 Year Change-45.36%
3 Year Change-74.02%
5 Year Change-79.13%
Change since IPO-88.12%

Recent News & Updates

Analysts Have Been Trimming Their KMD Brands Limited (NZSE:KMD) Price Target After Its Latest Report

Sep 26
Analysts Have Been Trimming Their KMD Brands Limited (NZSE:KMD) Price Target After Its Latest Report

KMD Brands' (NZSE:KMD) Returns On Capital Not Reflecting Well On The Business

Sep 05
KMD Brands' (NZSE:KMD) Returns On Capital Not Reflecting Well On The Business

Recent updates

Analysts Have Been Trimming Their KMD Brands Limited (NZSE:KMD) Price Target After Its Latest Report

Sep 26
Analysts Have Been Trimming Their KMD Brands Limited (NZSE:KMD) Price Target After Its Latest Report

KMD Brands' (NZSE:KMD) Returns On Capital Not Reflecting Well On The Business

Sep 05
KMD Brands' (NZSE:KMD) Returns On Capital Not Reflecting Well On The Business
User avatar

Digital Platforms And New Stores Will Improve Retail Efficiency

Investments in digital platforms, eCommerce and strategic marketing are expected to enhance online sales, brand recognition, and revenue growth.

Earnings Release: Here's Why Analysts Cut Their KMD Brands Limited (NZSE:KMD) Price Target To NZ$0.49

Mar 29
Earnings Release: Here's Why Analysts Cut Their KMD Brands Limited (NZSE:KMD) Price Target To NZ$0.49

Here's Why KMD Brands (NZSE:KMD) Has A Meaningful Debt Burden

Oct 16
Here's Why KMD Brands (NZSE:KMD) Has A Meaningful Debt Burden

Optimistic Investors Push KMD Brands Limited (NZSE:KMD) Shares Up 28% But Growth Is Lacking

Sep 05
Optimistic Investors Push KMD Brands Limited (NZSE:KMD) Shares Up 28% But Growth Is Lacking

KMD Brands Limited (NZSE:KMD) Investors Are Less Pessimistic Than Expected

Jul 18
KMD Brands Limited (NZSE:KMD) Investors Are Less Pessimistic Than Expected

Investors Could Be Concerned With KMD Brands' (NZSE:KMD) Returns On Capital

Jun 24
Investors Could Be Concerned With KMD Brands' (NZSE:KMD) Returns On Capital

A Look At The Intrinsic Value Of KMD Brands Limited (NZSE:KMD)

May 09
A Look At The Intrinsic Value Of KMD Brands Limited (NZSE:KMD)

Investors Can Find Comfort In KMD Brands' (NZSE:KMD) Earnings Quality

Mar 25
Investors Can Find Comfort In KMD Brands' (NZSE:KMD) Earnings Quality

Benign Growth For KMD Brands Limited (NZSE:KMD) Underpins Stock's 27% Plummet

Feb 23
Benign Growth For KMD Brands Limited (NZSE:KMD) Underpins Stock's 27% Plummet

KMD Brands Limited's (NZSE:KMD) Subdued P/E Might Signal An Opportunity

Dec 22
KMD Brands Limited's (NZSE:KMD) Subdued P/E Might Signal An Opportunity

Shareholders Will Probably Hold Off On Increasing KMD Brands Limited's (NZSE:KMD) CEO Compensation For The Time Being

Nov 03
Shareholders Will Probably Hold Off On Increasing KMD Brands Limited's (NZSE:KMD) CEO Compensation For The Time Being

KMD Brands (NZSE:KMD) Will Pay A Dividend Of NZ$0.03

May 11
KMD Brands (NZSE:KMD) Will Pay A Dividend Of NZ$0.03

KMD Brands (NZSE:KMD) Has Announced A Dividend Of NZ$0.03

Apr 07
KMD Brands (NZSE:KMD) Has Announced A Dividend Of NZ$0.03

KMD Brands (NZSE:KMD) Will Pay A Dividend Of NZ$0.03

Mar 24
KMD Brands (NZSE:KMD) Will Pay A Dividend Of NZ$0.03

Should You Think About Buying KMD Brands Limited (NZSE:KMD) Now?

May 11
Should You Think About Buying KMD Brands Limited (NZSE:KMD) Now?

Is Kathmandu Holdings (NZSE:KMD) A Risky Investment?

Jun 02
Is Kathmandu Holdings (NZSE:KMD) A Risky Investment?

Analyst Estimates: Here's What Brokers Think Of Kathmandu Holdings Limited (NZSE:KMD) After Its Interim Report

Mar 24
Analyst Estimates: Here's What Brokers Think Of Kathmandu Holdings Limited (NZSE:KMD) After Its Interim Report

Shareholder Returns

KMDNZ Specialty RetailNZ Market
7D12.8%2.2%-0.3%
1Y-45.4%13.7%4.8%

Return vs Industry: KMD underperformed the NZ Specialty Retail industry which returned 13.7% over the past year.

Return vs Market: KMD underperformed the NZ Market which returned 4.8% over the past year.

Price Volatility

Is KMD's price volatile compared to industry and market?
KMD volatility
KMD Average Weekly Movement7.5%
Specialty Retail Industry Average Movement3.8%
Market Average Movement4.0%
10% most volatile stocks in NZ Market9.2%
10% least volatile stocks in NZ Market2.4%

Stable Share Price: KMD's share price has been volatile over the past 3 months compared to the NZ market.

Volatility Over Time: KMD's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of NZ stocks.

About the Company

FoundedEmployeesCEOWebsite
19872,274Brent Scrimshawwww.kmdbrands.com

KMD Brands Limited, together with its subsidiaries, designs, markets, wholesales, and retails apparel, footwear, and equipment for surfing and the outdoors under the Kathmandu, Rip Curl, and Oboz brands in New Zealand, Australia, North America, Europe, Southeast Asia, and Brazil. The company was formerly known as Kathmandu Holdings Limited and changed its name to KMD Brands Limited in March 2022. KMD Brands Limited was founded in 1987 and is based in Christchurch, New Zealand.

KMD Brands Limited Fundamentals Summary

How do KMD Brands's earnings and revenue compare to its market cap?
KMD fundamental statistics
Market capNZ$192.15m
Earnings (TTM)-NZ$95.06m
Revenue (TTM)NZ$989.02m
0.2x
P/S Ratio
-2.0x
P/E Ratio

Is KMD overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
KMD income statement (TTM)
RevenueNZ$989.02m
Cost of RevenueNZ$429.76m
Gross ProfitNZ$559.26m
Other ExpensesNZ$654.32m
Earnings-NZ$95.06m

Last Reported Earnings

Jul 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)-0.13
Gross Margin56.55%
Net Profit Margin-9.61%
Debt/Equity Ratio12.6%

How did KMD perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/09/29 12:21
End of Day Share Price 2025/09/29 00:00
Earnings2025/07/31
Annual Earnings2025/07/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

KMD Brands Limited is covered by 18 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Russell WrightAPP Securities Pty Ltd.
Sam HaddadBell Potter
Allan FranklinCanaccord Genuity