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 reasonable growth potential.
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: KD2's share price has been volatile over the past 3 months.
7 Day Return
DE Specialty Retail
1 Year Return
DE Specialty Retail
Return vs Industry: KD2 underperformed the German Specialty Retail industry which returned 0.8% over the past year.
Return vs Market: KD2 underperformed the German Market which returned 4.5% 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: KD2 (€0.65) is trading below our estimate of fair value (€1.44)
Significantly Below Fair Value: KD2 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: KD2 is good value based on its PE Ratio (5.5x) compared to the XE Specialty Retail industry average (13.3x).
PE vs Market: KD2 is good value based on its PE Ratio (5.5x) compared to the German market (21.2x).
Price to Earnings Growth Ratio
PEG Ratio: KD2 is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: KD2 is good value based on its PB Ratio (0.5x) compared to the DE Specialty Retail industry average (1x).
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: KD2's forecast earnings growth (32.2% per year) is above the savings rate (0.2%).
Earnings vs Market: KD2's earnings (32.2% per year) are forecast to grow faster than the German market (22.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: KD2's revenue (14.8% per year) is forecast to grow faster than the German market (5.9% per year).
High Growth Revenue: KD2's revenue (14.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: KD2's Return on Equity is forecast to be low in 3 years time (10%).
How has Kathmandu Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KD2 has high quality earnings.
Growing Profit Margin: KD2's current net profit margins (7.6%) are lower than last year (10%).
Past Earnings Growth Analysis
Earnings Trend: KD2's earnings have grown by 17.3% per year over the past 5 years.
Accelerating Growth: KD2's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: KD2 had negative earnings growth (-2.3%) over the past year, making it difficult to compare to the Specialty Retail industry average (-4.6%).
Return on Equity
High ROE: KD2's Return on Equity (8.9%) is considered low.
How is Kathmandu Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: KD2's short term assets (NZ$400.5M) exceed its short term liabilities (NZ$222.1M).
Long Term Liabilities: KD2's short term assets (NZ$400.5M) do not cover its long term liabilities (NZ$636.2M).
Debt to Equity History and Analysis
Debt Level: KD2's debt to equity ratio (54%) is considered high.
Reducing Debt: KD2's debt to equity ratio has increased from 29.8% to 54% over the past 5 years.
Debt Coverage: KD2's debt is well covered by operating cash flow (42.5%).
Interest Coverage: KD2's interest payments on its debt are well covered by EBIT (12.7x coverage).
What is Kathmandu Holdings's current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate KD2's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate KD2's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if KD2's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if KD2's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: KD2 is not paying a notable dividend for the German market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of KD2's dividend in 3 years as they are not forecast to pay a notable one for the German market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Xavier Simonet serves as Group Chief Executive Officer at Kathmandu Holdings Limited since November 2019. Mr. Simonet served as the Chief Executive Officer since June 29, 2015 until November 2019, serv ...
CEO Compensation Analysis
Compensation vs Market: Xavier's total compensation ($USD810.46K) is about average for companies of similar size in the German market ($USD1.03M).
Compensation vs Earnings: Xavier's compensation has been consistent with company performance over the past year.
|Group CEO||5.08yrs||NZ$1.23m||0.19% NZ$874.4k|
|Group CFO & Company Secretary||1.17yrs||NZ$271.29k||0.0051% NZ$24.0k|
|Chief Executive Officer of Kathmandu||no data||NZ$540.06k||0.036% NZ$170.2k|
|Group Chief Information Officer||0.42yr||no data||no data|
|Group Legal Counsel||0.42yr||no data||no data|
|Chief Customer Officer||0.33yr||no data||no data|
|President of Oboz /Kathmandu North America||1.25yrs||no data||no data|
|Founder||no data||no data||no data|
|Chief Executive Officer of Rip Curl||no data||no data||no data|
Experienced Management: KD2's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
|Group CEO||5.08yrs||NZ$1.23m||0.19% NZ$874.4k|
|Non-Executive Independent Director||2.75yrs||NZ$133.63k||0.021% NZ$99.9k|
|Independent Non-Executive Chairman||6.42yrs||NZ$255.01k||0.10% NZ$495.1k|
|Non-Executive Independent Director||2.75yrs||NZ$133.63k||no data|
|Independent Non-Executive Director||10.75yrs||NZ$133.63k||0.023% NZ$107.2k|
|Non Executive Director||0.92yr||no data||no data|
Experienced Board: KD2's board of directors are considered experienced (3.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: KD2 insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 213.5%.
Kathmandu Holdings Limited's company bio, employee growth, exchange listings and data sources
- Name: Kathmandu Holdings Limited
- Ticker: KD2
- Exchange: BST
- Founded: 1987
- Industry: Specialty Stores
- Sector: Retail
- Market Cap: NZ$815.352m
- Listing Market Cap: NZ$472.241m
- Shares outstanding: 709.00m
- 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||2020/07/14 21:50|
|End of Day Share Price||2020/07/14 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.