Kathmandu Holdings Limited, together with its subsidiaries, designs, markets, wholesales, and retails clothing, footwear, and equipment for travel and adventure in New Zealand, Australia, the United States, and the United Kingdom.
Very undervalued with flawless balance sheet.
Share Price & News
How has Kathmandu Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: KMD has not had significant price volatility in the past 3 months.
7 Day Return
AU Specialty Retail
1 Year Return
AU Specialty Retail
Return vs Industry: KMD underperformed the Australian Specialty Retail industry which returned 34.3% over the past year.
Return vs Market: KMD exceeded the Australian Market which returned 11.6% over the past year.
Price Volatility Vs. Market
How volatile is Kathmandu Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Kathmandu Holdings undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: KMD (A$3.26) is trading below our estimate of fair value (A$10.4)
Significantly Below Fair Value: KMD is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: KMD is good value based on its PE Ratio (13.6x) compared to the Specialty Retail industry average (16.3x).
PE vs Market: KMD is good value based on its PE Ratio (13.6x) compared to the Australian market (18.6x).
Price to Earnings Growth Ratio
PEG Ratio: KMD is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: KMD is good value based on its PB Ratio (1.8x) compared to the AU Specialty Retail industry average (2.3x).
How is Kathmandu Holdings forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: KMD's forecast earnings growth (15.1% per year) is above the savings rate (1.1%).
Earnings vs Market: KMD's earnings (15.1% per year) are forecast to grow faster than the Australian market (9.4% per year).
High Growth Earnings: KMD's earnings are forecast to grow, but not significantly.
Revenue vs Market: KMD's revenue (16.6% per year) is forecast to grow faster than the Australian market (4.2% per year).
High Growth Revenue: KMD's revenue (16.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: KMD's Return on Equity is forecast to be low in 3 years time (13.1%).
How has Kathmandu Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KMD has high quality earnings.
Growing Profit Margin: KMD's current net profit margins (10.6%) are higher than last year (10.2%).
Past Earnings Growth Analysis
Earnings Trend: KMD's earnings have grown by 14.1% per year over the past 5 years.
Accelerating Growth: KMD's earnings growth over the past year (13.7%) is below its 5-year average (14.1% per year).
Earnings vs Industry: KMD earnings growth over the past year (13.7%) exceeded the Specialty Retail industry -2.3%.
Return on Equity
High ROE: KMD's Return on Equity (13%) is considered low.
Return on Assets
Return on Capital Employed
How is Kathmandu Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: KMD's short term assets (NZ$148.2M) exceed its short term liabilities (NZ$81.1M).
Long Term Liabilities: KMD's short term assets (NZ$148.2M) exceed its long term liabilities (NZ$71.4M).
Debt to Equity History and Analysis
Debt Level: KMD's debt to equity ratio (5.8%) is considered satisfactory.
Reducing Debt: KMD's debt to equity ratio has reduced from 21% to 5.8% over the past 5 years.
Debt Coverage: KMD's debt is well covered by operating cash flow (240.8%).
Interest Coverage: KMD's interest payments on its debt are well covered by EBIT (45.2x coverage).
Inventory Level: KMD has a high level of physical assets or inventory.
Debt Coverage by Assets: KMD's debt is covered by short term assets (assets are 5.8x debt).
What is Kathmandu Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: KMD's dividend (4.6%) is higher than the bottom 25% of dividend payers in the Australian market (2.37%).
High Dividend: KMD's dividend (4.6%) is low compared to the top 25% of dividend payers in the Australian market (5.46%).
Stability and Growth of Payments
Stable Dividend: KMD has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: KMD's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (62.7%), KMD's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: KMD's dividends in 3 years are forecast to be covered by earnings (63.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Xavier Simonet 0
Mr. Xavier Simonet serves as Group Chief Executive Officer at Kathmandu Holdings Limited since November 2019. Mr. Simonet served as the Chief Executive Officer since June 29, 2015 until November 2019, serv ...
CEO Compensation Analysis
Compensation vs Market: Xavier's total compensation ($USD781.65K) is about average for companies of similar size in the Australian market ($USD937.77K).
Compensation vs Earnings: Xavier's compensation has been consistent with company performance over the past year.
|Group CEO||4.7yrs||NZ$1.23m||0.28% NZ$2.7m|
|Group CFO & Company Secretary||0.8yrs||NZ$271.29k||0.0072% NZ$70.5k|
|Chief Executive of Outdoor Equipment & Clothing||0yrs||NZ$540.06k||0.087% NZ$853.6k|
|Group Chief Information Officer||0yrs||no data||no data|
|Group Legal Counsel||0yrs||no data||no data|
|Group Chief Supply Chain Officer||0yrs||NZ$262.43k||no data|
|President of Oboz /Kathmandu North America||0.8yrs||no data||no data|
|Founder||0yrs||no data||no data|
|Chief Executive Officer of Rip Curl||0yrs||no data||no data|
Experienced Management: KMD's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
|Group CEO||4.7yrs||NZ$1.23m||0.28% NZ$2.7m|
|Non-Executive Independent Director||2.3yrs||NZ$133.63k||0.017% NZ$166.9k|
|Independent Non-Executive Chairman||6yrs||NZ$255.01k||0.029% NZ$287.9k|
|Non-Executive Independent Director||2.3yrs||NZ$133.63k||no data|
|Non-Executive Director||10.3yrs||NZ$133.63k||0.025% NZ$244.3k|
|Non Executive Director||0.5yrs||no data||no data|
Experienced Board: KMD's board of directors are considered experienced (3.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7%.
Kathmandu Holdings Limited's company bio, employee growth, exchange listings and data sources
- Name: Kathmandu Holdings Limited
- Ticker: KMD
- Exchange: ASX
- Founded: 1987
- Industry: Specialty Stores
- Sector: Retail
- Market Cap: NZ$1.027b
- Listing Market Cap: NZ$985.460m
- Shares outstanding: 295.07m
- Website: https://www.kathmanduholdings.com
Number of Employees
- Kathmandu Holdings Limited
- 223 Tuam Street
- Christchurch Central
- New Zealand
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|KMD||NZSE (New Zealand Stock Exchange)||Yes||New Ordinary Shares||NZ||NZD||Nov 2009|
|KMD||ASX (Australian Securities Exchange)||Yes||New Ordinary Shares||AU||AUD||Nov 2009|
|KD2||BST (Boerse-Stuttgart)||Yes||New Ordinary Shares||DE||EUR||Nov 2009|
|KMD||CHIA (Chi-X Australia)||Yes||New Ordinary Shares||AU||AUD||Nov 2009|
Kathmandu Holdings Limited, together with its subsidiaries, designs, markets, wholesales, and retails clothing, footwear, 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. It operates through 168 stores, as well as online. The company was founded in 1987 and is based in Christchurch, New Zealand.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/25 10:37|
|End of Day Share Price||2020/02/25 00:00|
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.