DB:KBP

Stock Analysis Report

Executive Summary

KBS Fashion Group Limited, a casual menswear company, designs, markets, and sells fashion menswear products in the People's Republic of China.


Snowflake Analysis

Flawless balance sheet and overvalued.


Similar Companies

Share Price & News

How has KBS Fashion Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: KBP has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

9.5%

KBP

-0.06%

DE Luxury

-0.9%

DE Market


1 Year Return

-45.3%

KBP

35.8%

DE Luxury

12.8%

DE Market

Return vs Industry: KBP underperformed the German Luxury industry which returned 35.8% over the past year.

Return vs Market: KBP underperformed the German Market which returned 12.8% over the past year.


Shareholder returns

KBPIndustryMarket
7 Day9.5%-0.06%-0.9%
30 Day-5.1%-6.9%0.6%
90 Day6.9%6.0%2.9%
1 Year-45.3%-45.3%37.9%35.8%16.3%12.8%
3 Yearn/a88.9%79.0%15.8%5.7%
5 Yearn/a221.6%184.8%19.7%3.3%

Price Volatility Vs. Market

How volatile is KBS Fashion Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is KBS Fashion Group undervalued compared to its fair value and its price relative to the market?

0.094x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate KBP's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate KBP's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: KBP is unprofitable, so we can't compare its PE Ratio to the Luxury industry average.

PE vs Market: KBP is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate KBP's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: KBP is good value based on its PB Ratio (0.1x) compared to the DE Luxury industry average (1.8x).


Next Steps

Future Growth

How is KBS Fashion Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

11.2%

Forecasted Consumer Durables industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as KBS Fashion Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has KBS Fashion Group performed over the past 5 years?

-64.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: KBP is currently unprofitable.

Growing Profit Margin: KBP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: KBP is unprofitable, and losses have increased over the past 5 years at a rate of -64.3% per year.

Accelerating Growth: Unable to compare KBP's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: KBP is unprofitable, making it difficult to compare its past year earnings growth to the Luxury industry (-0.9%).


Return on Equity

High ROE: KBP has a negative Return on Equity (-27.11%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is KBS Fashion Group's financial position?


Financial Position Analysis

Short Term Liabilities: KBP's short term assets ($34.2M) exceed its short term liabilities ($6.7M).

Long Term Liabilities: KBP has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: KBP's debt to equity ratio (2%) is considered satisfactory.

Reducing Debt: KBP's debt to equity ratio has reduced from 3.2% to 2% over the past 5 years.


Balance Sheet

Inventory Level: KBP has a high level of physical assets or inventory.

Debt Coverage by Assets: KBP's debt is covered by short term assets (assets are 31.3x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: KBP has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: KBP has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 10.5% each year


Next Steps

Dividend

What is KBS Fashion Group's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.3%markettop25%3.6%industryaverage1.3%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate KBP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate KBP's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if KBP's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if KBP's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of KBP's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.5yrs

Average board tenure


CEO

Keyan Yan (47yo)

8.9yrs

Tenure

US$739,350

Compensation

Mr. Keyan Yan has been Chief Executive Officer and President of KBS Fashion Group Limited since January 25, 2018 and also serves as the Chairman of the Board since March 11, 2011. He served as Chief Execut ...


CEO Compensation Analysis

Compensation vs Market: Keyan's total compensation ($USD739.35K) is above average for companies of similar size in the German market ($USD413.13K).

Compensation vs Earnings: Keyan's compensation has increased whilst the company is unprofitable.


Board Members

NamePositionTenureCompensationOwnership
Keyan Yan
Chairman8.9yrsUS$739.35k37.21% $1.9m
Lixia Tu
CFO, Secretary & Director0yrsUS$296.10k2.32% $118.2k
Themistoklis Kalapotharakos
Executive Director4.7yrsUS$161.35k1.54% $78.8k
Matthew C. Los
Independent Director4.3yrsUS$161.35k1.54% $78.8k
John Sano
Independent Director5.5yrsUS$23.05k0.19% $9.9k
Zhongmin Zhang
Independent Director2.6yrsUS$23.05k0.39% $19.7k
Yuet Mei Chan
Independent Director2.6yrsUS$23.05k0.39% $19.7k

4.5yrs

Average Tenure

47yo

Average Age

Experienced Board: KBP's board of directors are considered experienced (4.5 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 12.9%.


Top Shareholders

Company Information

KBS Fashion Group Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: KBS Fashion Group Limited
  • Ticker: KBP
  • Exchange: DB
  • Founded:
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: US$5.545m
  • Listing Market Cap: US$5.105m
  • Shares outstanding: 2.59m
  • Website: https://www.kbsfashion.com

Number of Employees


Location

  • KBS Fashion Group Limited
  • Xin Fengge Building
  • Yupu Industrial Park
  • Shishi
  • Fujian Province
  • 362700
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KBSFNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDAug 2014
KBPDB (Deutsche Boerse AG)YesCommon StockDEEURAug 2014

Biography

KBS Fashion Group Limited, a casual menswear company, designs, markets, and sells fashion menswear products in the People's Republic of China. The company operates through three segments: Wholesale, Retail, and Contract Manufacturing. It offers apparel products, including cotton and down jackets, sweaters, suits, shirts, T-shirts, jeans, and trousers; accessories, such as shoes, bags, belts, socks, and caps; and footwear for urban males between the ages of 20 and 40. As of June 30, 2019, the company operated 1 corporate store and 32 franchised stores. It operates under the KBS brand name. The company is headquartered in Shishi, the People's Republic of China. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/22 23:53
End of Day Share Price2020/02/21 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.