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Kathmandu Holdings

ASX:KMD
Snowflake Description

Flawless balance sheet with solid track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KMD
ASX
NZ$489M
Market Cap
  1. Home
  2. AU
  3. Retail
Company description

Kathmandu Holdings Limited, together with its subsidiaries, designs, markets, and retails clothing and equipment for travel and adventure in New Zealand, Australia, the United States, and the United Kingdom. The last earnings update was 117 days ago. More info.


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KMD Share Price and Events
7 Day Returns
0%
ASX:KMD
0.3%
AU Specialty Retail
0%
AU Market
1 Year Returns
-30.2%
ASX:KMD
2.7%
AU Specialty Retail
4.8%
AU Market
KMD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Kathmandu Holdings (KMD) 0% -2.4% -6.8% -30.2% 23.7% -35.4%
AU Specialty Retail 0.3% 2.4% 6.1% 2.7% -4.9% 22.6%
AU Market 0% 0.9% 6.8% 4.8% 20.1% 12.2%
1 Year Return vs Industry and Market
  • KMD underperformed the Specialty Retail industry which returned 2.7% over the past year.
  • KMD underperformed the Market in Australia which returned 4.8% over the past year.
Price Volatility
KMD
Industry
5yr Volatility vs Market

Value

 Is Kathmandu Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Kathmandu Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Kathmandu Holdings.

ASX:KMD Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:KMD
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Specialty Retail Unlevered Beta Simply Wall St/ S&P Global 0.83
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.83 (1 + (1- 28%) (17.17%))
0.955
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.95
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (0.955 * 5.96%)
8%

Discounted Cash Flow Calculation for ASX:KMD using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Kathmandu Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ASX:KMD DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (NZD, Millions) Source Present Value
Discounted (@ 8%)
2020 21.74 Est @ -12.59% 20.13
2021 19.98 Est @ -8.12% 17.13
2022 18.98 Est @ -4.99% 15.07
2023 18.45 Est @ -2.8% 13.56
2024 18.22 Est @ -1.27% 12.40
2025 18.18 Est @ -0.19% 11.46
2026 18.28 Est @ 0.56% 10.67
2027 18.48 Est @ 1.08% 9.98
2028 18.75 Est @ 1.45% 9.38
2029 19.07 Est @ 1.71% 8.83
Present value of next 10 years cash flows NZ$128.61
ASX:KMD DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= NZ$19.07 × (1 + 2.31%) ÷ (8% – 2.31%)
NZ$342.96
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= NZ$342.96 ÷ (1 + 8%)10
NZ$158.83
ASX:KMD Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= NZ$128.61 + NZ$158.83
NZ$287.44
Equity Value per Share
(NZD)
= Total value / Shares Outstanding
= NZ$287.44 / 226.19
NZ$1.27
ASX:KMD Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in ASX:KMD represents 0.94931x of NZSE:KMD
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.94931x
Value per Share
(Listing Adjusted, AUD)
= Value per Share (NZD) x Listing Adjustment Factor
= NZ$ 1.27 x 0.94931
A$1.21
Value per share (AUD) From above. A$1.21
Current discount Discount to share price of A$2.06
= -1 x (A$2.06 - A$1.21) / A$1.21
-70.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Kathmandu Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Kathmandu Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Kathmandu Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:KMD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-01-31) in NZD NZ$0.24
NZSE:KMD Share Price ** NZSE (2019-07-19) in NZD NZ$2.17
Australia Specialty Retail Industry PE Ratio Median Figure of 23 Publicly-Listed Specialty Retail Companies 13.23x
Australia Market PE Ratio Median Figure of 546 Publicly-Listed Companies 16.1x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Kathmandu Holdings.

ASX:KMD PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NZSE:KMD Share Price ÷ EPS (both in NZD)

= 2.17 ÷ 0.24

9.23x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kathmandu Holdings is good value based on earnings compared to the AU Specialty Retail industry average.
  • Kathmandu Holdings is good value based on earnings compared to the Australia market.
Price based on expected Growth
Does Kathmandu Holdings's expected growth come at a high price?
Raw Data
ASX:KMD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.23x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
4.4%per year
Australia Specialty Retail Industry PEG Ratio Median Figure of 19 Publicly-Listed Specialty Retail Companies 1.32x
Australia Market PEG Ratio Median Figure of 361 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

ASX:KMD PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.23x ÷ 4.4%

2.09x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kathmandu Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Kathmandu Holdings's assets?
Raw Data
ASX:KMD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-01-31) in NZD NZ$1.78
NZSE:KMD Share Price * NZSE (2019-07-19) in NZD NZ$2.17
Australia Specialty Retail Industry PB Ratio Median Figure of 27 Publicly-Listed Specialty Retail Companies 1.99x
Australia Market PB Ratio Median Figure of 1,693 Publicly-Listed Companies 1.7x
ASX:KMD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NZSE:KMD Share Price ÷ Book Value per Share (both in NZD)

= 2.17 ÷ 1.78

1.22x

* Primary Listing of Kathmandu Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kathmandu Holdings is good value based on assets compared to the AU Specialty Retail industry average.
X
Value checks
We assess Kathmandu Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Specialty Retail industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Specialty Retail industry average (and greater than 0)? (1 check)
  5. Kathmandu Holdings has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Kathmandu Holdings expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Kathmandu Holdings expected to grow at an attractive rate?
  • Kathmandu Holdings's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Kathmandu Holdings's earnings growth is positive but not above the Australia market average.
  • Kathmandu Holdings's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:KMD Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:KMD Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 4.4%
ASX:KMD Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 5.1%
Australia Specialty Retail Industry Earnings Growth Rate Market Cap Weighted Average 14.4%
Australia Specialty Retail Industry Revenue Growth Rate Market Cap Weighted Average 5.7%
Australia Market Earnings Growth Rate Market Cap Weighted Average 7.4%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:KMD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in NZD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:KMD Future Estimates Data
Date (Data in NZD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-07-31 603 57 5
2020-07-31 577 69 54 6
2019-07-31 548 50 52 6
ASX:KMD Past Financials Data
Date (Data in NZD Millions) Revenue Cash Flow Net Income *
2019-01-31 525 43 52
2018-10-31 511 59 51
2018-07-31 497 76 51
2018-04-30 476 75 45
2018-01-31 454 74 40
2017-10-31 450 71 39
2017-07-31 445 67 38
2017-04-30 436 61 36
2017-01-31 426 55 34
2016-10-31 426 62 34
2016-07-31 426 69 34
2016-04-30 426 64 33

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Kathmandu Holdings's earnings are expected to grow by 4.4% yearly, however this is not considered high growth (20% yearly).
  • Kathmandu Holdings's revenue is expected to grow by 5.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:KMD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Kathmandu Holdings Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:KMD Future Estimates Data
Date (Data in NZD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-07-31 0.25 0.26 0.25 2.00
2020-07-31 0.24 0.25 0.23 2.00
2019-07-31 0.23 0.24 0.22 2.00
ASX:KMD Past Financials Data
Date (Data in NZD Millions) EPS *
2019-01-31 0.24
2018-10-31 0.24
2018-07-31 0.24
2018-04-30 0.22
2018-01-31 0.20
2017-10-31 0.19
2017-07-31 0.19
2017-04-30 0.18
2017-01-31 0.17
2016-10-31 0.17
2016-07-31 0.17
2016-04-30 0.16

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Kathmandu Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Kathmandu Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Kathmandu Holdings has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Kathmandu Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Kathmandu Holdings's growth in the last year to its industry (Specialty Retail).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Kathmandu Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • Kathmandu Holdings's 1-year earnings growth exceeds its 5-year average (29.5% vs 7.3%)
  • Kathmandu Holdings's earnings growth has exceeded the AU Specialty Retail industry average in the past year (29.5% vs 6.3%).
Earnings and Revenue History
Kathmandu Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Kathmandu Holdings Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:KMD Past Revenue, Cash Flow and Net Income Data
Date (Data in NZD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-01-31 524.65 52.21 233.43
2018-10-31 511.04 51.37 228.58
2018-07-31 497.44 50.53 223.73
2018-04-30 475.64 45.42 217.07
2018-01-31 453.84 40.31 210.42
2017-10-31 449.60 39.17 207.89
2017-07-31 445.35 38.04 205.35
2017-04-30 435.64 36.08 202.60
2017-01-31 425.93 34.12 199.84
2016-10-31 425.76 33.82 200.70
2016-07-31 425.59 33.52 201.56
2016-04-30 425.79 32.60 204.09
2016-01-31 425.99 31.67 206.62
2015-10-31 417.68 26.05 205.73
2015-07-31 409.37 20.42 204.84
2015-04-30 407.00 24.69 194.90
2015-01-31 404.63 28.95 184.96
2014-10-31 398.78 35.55 180.00
2014-07-31 392.92 42.15 175.05
2014-04-30 389.31 43.68 177.85
2014-01-31 385.70 45.20 180.65
2013-10-31 384.84 44.69 180.07
2013-07-31 383.98 44.17 179.50
2013-04-30 375.17 41.69 175.61
2013-01-31 366.36 39.20 171.72
2012-10-31 356.73 37.03 167.17
2012-07-31 347.10 34.85 162.63

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Kathmandu Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Kathmandu Holdings used its assets more efficiently than the AU Specialty Retail industry average last year based on Return on Assets.
  • Kathmandu Holdings has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Kathmandu Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Specialty Retail industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Kathmandu Holdings has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Kathmandu Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Kathmandu Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Kathmandu Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Kathmandu Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Kathmandu Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Kathmandu Holdings Company Filings, last reported 5 months ago.

ASX:KMD Past Debt and Equity Data
Date (Data in NZD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-01-31 401.62 83.90 26.86
2018-10-31 401.62 83.90 26.86
2018-07-31 420.38 39.62 30.33
2018-04-30 420.38 39.62 30.33
2018-01-31 327.56 20.12 3.00
2017-10-31 327.56 20.12 3.00
2017-07-31 327.10 10.76 3.54
2017-04-30 327.10 10.76 3.54
2017-01-31 303.33 51.91 2.66
2016-10-31 303.33 51.91 2.66
2016-07-31 311.68 44.39 6.89
2016-04-30 311.68 44.39 6.89
2016-01-31 305.78 71.36 4.03
2015-10-31 305.78 71.36 4.03
2015-07-31 313.31 71.55 1.70
2015-04-30 313.31 71.55 1.70
2015-01-31 293.63 87.73 1.81
2014-10-31 293.63 87.73 1.81
2014-07-31 302.15 63.01 7.20
2014-04-30 302.15 63.01 7.20
2014-01-31 279.39 84.19 2.30
2013-10-31 279.39 84.19 2.30
2013-07-31 294.19 43.49 2.35
2013-04-30 294.19 43.49 2.35
2013-01-31 271.39 82.49 0.66
2012-10-31 271.39 82.49 0.66
2012-07-31 279.63 54.73 1.81
  • Kathmandu Holdings's level of debt (20.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (30% vs 20.9% today).
  • Debt is well covered by operating cash flow (50.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 46.8x coverage).
X
Financial health checks
We assess Kathmandu Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Kathmandu Holdings has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Kathmandu Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.91%
Current annual income from Kathmandu Holdings dividends. Estimated to be 7.41% next year.
If you bought A$2,000 of Kathmandu Holdings shares you are expected to receive A$138 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Kathmandu Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.53%).
  • Kathmandu Holdings's dividend is above the markets top 25% of dividend payers in Australia (5.79%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:KMD Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
Australia Specialty Retail Industry Average Dividend Yield Market Cap Weighted Average of 18 Stocks 4.6%
Australia Market Average Dividend Yield Market Cap Weighted Average of 415 Stocks 4%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.4%
Australia Bottom 25% Dividend Yield 25th Percentile 2.5%
Australia Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:KMD Future Dividends Estimate Data
Date (Data in NZ$) Dividend per Share (annual) Avg. No. Analysts
2021-07-31 0.17 2.00
2020-07-31 0.16 2.00
2019-07-31 0.16 2.00
ASX:KMD Past Annualized Dividends Data
Date (Data in NZ$) Dividend per share (annual) Avg. Yield (%)
2019-03-25 0.150 6.704
2018-09-17 0.150 5.684
2018-03-19 0.130 4.697
2017-11-13 0.130 5.501
2017-03-20 0.127 5.931
2016-09-23 0.110 5.678
2015-10-14 0.080 4.916
2015-06-08 0.120 7.746
2014-11-11 0.120 7.007
2014-06-11 0.120 3.740
2013-09-24 0.120 3.416
2013-06-10 0.100 3.677
2012-09-20 0.100 4.664
2012-03-21 0.100 6.318
2011-09-21 0.140 6.984
2011-03-17 0.060 2.693
2010-09-24 0.070 3.772
2010-09-23 0.070 3.944

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Kathmandu Holdings has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Kathmandu Holdings only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Kathmandu Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
X
Income/ dividend checks
We assess Kathmandu Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Kathmandu Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Kathmandu Holdings has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Kathmandu Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Xavier Simonet
COMPENSATION NZ$1,806,952
TENURE AS CEO 4.1 years
CEO Bio

Mr. Xavier Simonet has been the Chief Executive Officer, Managing Director and Executive Director at Kathmandu Holdings Limited since June 29, 2015. Mr. Simonet has wide experience in retailing and brand development in Australia and in many international markets. He has a proven track record building brands and developing successful retail businesses in fashion, apparel, accessories and related products. Mr. Simonet served as the Chief Executive Officer of Radley is based in London until January 2015. He served as Vice President & General Manager of International for apparel & underwear group DB Apparel. He served as the International Director of Seafolly Group based in Sydney. Mr. Simonet began his career with LVHM where he worked for 11 years in France, Scandinavia, Singapore, Australia, Hong Kong and the UK. Mr. Simonet has degrees in Law, Economics and Public administration from the Institut d Etudes Politiques de Paris, a Masters in International Management from HEC Paris and the Vienna School of Economics and Business Administration, a Masters Diploma in Business Administration from the HEC School of Management in Paris and has completed the Harvard Business School Executive Management qualification in Strategic Marketing Management.

CEO Compensation
  • Xavier's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Xavier's remuneration is higher than average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the Kathmandu Holdings management team in years:

4.1
Average Tenure
  • The tenure for the Kathmandu Holdings management team is about average.
Management Team

Xavier Simonet

TITLE
MD, CEO & Executive Director
COMPENSATION
NZ$2M
TENURE
4.1 yrs

Reuben Casey

TITLE
Chief Operating Officer
COMPENSATION
NZ$712K
TENURE
1.8 yrs

Chris Kinraid

TITLE
CFO & Company Secretary
TENURE
0.2 yrs

Jolann van Dyk

TITLE
Chief Information Officer
TENURE
4.3 yrs

Paul Stern

TITLE
General Manager of Marketing & Online
COMPENSATION
NZ$360K
TENURE
4.6 yrs

Rebecca Edwards

TITLE
General Manager of Group Human Resources
TENURE
5.2 yrs

Amy Beck

TITLE
President of Oboz/Kathmandu North America
TENURE
0.5 yrs

John Connelly

TITLE
Founder

Caleb Nicolson

TITLE
General Manager of Supply Chain
COMPENSATION
NZ$262K
Board of Directors Tenure

Average tenure and age of the Kathmandu Holdings board of directors in years:

4.8
Average Tenure
62
Average Age
  • The tenure for the Kathmandu Holdings board of directors is about average.
Board of Directors

David Kirk

TITLE
Chairman
COMPENSATION
NZ$241K
AGE
58
TENURE
5.4 yrs

Xavier Simonet

TITLE
MD, CEO & Executive Director
COMPENSATION
NZ$2M
TENURE
4.1 yrs

Sandra McPhee

TITLE
Non-Executive Director
COMPENSATION
NZ$126K
AGE
73
TENURE
7.7 yrs

Edward Harvey

TITLE
Non-Executive Director
COMPENSATION
NZ$126K
TENURE
9.8 yrs

Brent Scrimshaw

TITLE
Non-Executive Independent Director
COMPENSATION
NZ$105K
AGE
51
TENURE
1.8 yrs

Philip Bowman

TITLE
Non-Executive Independent Director
COMPENSATION
NZ$105K
AGE
66
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
X
Management checks
We assess Kathmandu Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Kathmandu Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Kathmandu Holdings Limited, together with its subsidiaries, designs, markets, and retails clothing and equipment for travel and adventure in New Zealand, Australia, the United States, and the United Kingdom. It offers a range of apparel, including waterproof jackets, down jackets, thermals, fleece jackets, shirts and pants, merino apparels, and thermals, as well as footwear and socks. The company also provides equipment comprising packs, bags, sleeping bags, tents, travel accessories, and camping accessories. As of July 31, 2018, it operated through 167 stores, as well as 4 online stores. The company was founded in 1987 and is based in Christchurch, New Zealand.

Details
Name: Kathmandu Holdings Limited
KMD
Exchange: ASX
Founded: 1987
NZ$469,414,861
226,188,531
Website: http://www.kathmanduholdings.com
Address: Kathmandu Holdings Limited
223 Tuam Street,
Christchurch Central,
Christchurch,
New Zealand
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NZSE KMD New Ordinary Shares New Zealand Stock Exchange NZ NZD 13. Nov 2009
BST KD2 New Ordinary Shares Boerse-Stuttgart DE EUR 13. Nov 2009
ASX KMD New Ordinary Shares Australian Securities Exchange AU AUD 13. Nov 2009
CHIA KMD New Ordinary Shares Chi-X Australia AU AUD 13. Nov 2009
Number of employees
Current staff
Staff numbers
1,256
Kathmandu Holdings employees.
Industry
Specialty Stores
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/20 10:38
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/19
Last earnings filing: 2019/03/25
Last earnings reported: 2019/01/31
Last annual earnings reported: 2018/07/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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 here.