KMD Brands Limited

BST:KD2 Stock Report

Market Cap: €162.1m

KMD Brands Valuation

Is KD2 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of KD2 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: KD2 (€0.21) is trading below our estimate of fair value (€1.28)

Significantly Below Fair Value: KD2 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for KD2?

Key metric: As KD2 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for KD2. This is calculated by dividing KD2's market cap by their current revenue.
What is KD2's PS Ratio?
PS Ratio0.3x
SalesNZ$979.42m
Market CapNZ$298.90m

Price to Sales Ratio vs Peers

How does KD2's PS Ratio compare to its peers?

The above table shows the PS ratio for KD2 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.5x
MRX Mister Spex
0.2x2.6%€56.1m
BIKE Bike24 Holding
0.2x6.5%€48.6m
ART Artnet
1.6xn/a€37.1m
WFA Weng Fine Art
3.9xn/a€23.7m
KD2 KMD Brands
0.3x4.2%€298.9m

Price-To-Sales vs Peers: KD2 is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (1.5x).

Price to Sales Ratio vs Industry

How does KD2's PS Ratio compare vs other companies in the DE Specialty Retail Industry?

4 CompaniesPrice / SalesEstimated GrowthMarket Cap
CEC Ceconomy
0.06x1.3%US$1.32b
GFG Global Fashion Group
0.06x1.2%US$51.29m
DEX Delticom
0.06x2.7%US$32.74m
49S Superdry
0.004x-1.4%US$3.12m
No more companies available in this PS range
KD2 0.3xIndustry Avg. 0.4xNo. of Companies4PS00.40.81.21.62+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: KD2 is good value based on its Price-To-Sales Ratio (0.3x) compared to the European Specialty Retail industry average (0.4x).

Price to Sales Ratio vs Fair Ratio

What is KD2's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

KD2 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.3x
Fair PS Ratio0.3x

Price-To-Sales vs Fair Ratio: KD2 is expensive based on its Price-To-Sales Ratio (0.3x) compared to the estimated Fair Price-To-Sales Ratio (0.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst KD2 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.21
€0.31
+46.5%
12.8%€0.35€0.25n/a4
Dec ’25€0.23
€0.31
+38.7%
12.8%€0.35€0.25n/a4
Nov ’25€0.23
€0.34
+45.1%
11.8%€0.38€0.28n/a4
Oct ’25€0.28
€0.34
+19.4%
11.8%€0.38€0.28n/a4
Sep ’25€0.31
€0.33
+5.6%
15.6%€0.39€0.25n/a4
Aug ’25€0.23
€0.30
+34.4%
19.8%€0.39€0.24n/a4
Jul ’25€0.20
€0.31
+55.4%
19.3%€0.40€0.26n/a4
Jun ’25€0.24
€0.35
+46.4%
15.2%€0.42€0.28n/a4
May ’25€0.29
€0.38
+31.6%
18.2%€0.47€0.31n/a3
Apr ’25€0.31
€0.38
+23.0%
18.2%€0.47€0.31n/a3
Mar ’25€0.30
€0.40
+33.5%
15.2%€0.49€0.35n/a3
Feb ’25€0.40
€0.55
+38.2%
12.9%€0.63€0.46n/a3
Jan ’25€0.42
€0.55
+31.0%
12.9%€0.63€0.46n/a3
Dec ’24€0.42
€0.62
+47.0%
9.5%€0.68€0.54€0.233
Nov ’24€0.46
€0.62
+35.4%
9.5%€0.68€0.54€0.233
Oct ’24€0.48
€0.61
+27.4%
7.4%€0.67€0.56€0.283
Sep ’24€0.45
€0.67
+50.0%
4.0%€0.71€0.65€0.313
Aug ’24€0.50
€0.67
+33.8%
4.0%€0.71€0.65€0.233
Jul ’24€0.55
€0.80
+45.3%
9.0%€0.90€0.72€0.203
Jun ’24€0.60
€0.80
+32.1%
9.0%€0.90€0.72€0.243
May ’24€0.60
€0.77
+27.9%
8.0%€0.86€0.72€0.293
Apr ’24€0.58
€0.77
+32.3%
8.0%€0.86€0.72€0.313
Mar ’24€0.64
€0.81
+26.1%
7.5%€0.89€0.74€0.303
Feb ’24€0.61
€0.82
+35.1%
7.4%€0.89€0.74€0.403
Jan ’24€0.59
€0.84
+40.9%
7.4%€0.91€0.76€0.423
Dec ’23€0.65
€0.84
+29.8%
7.4%€0.91€0.76€0.423

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 23:46
End of Day Share Price 2024/12/20 00:00
Earnings2024/07/31
Annual Earnings2024/07/31

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 here.

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 .

Analyst Sources

KMD Brands Limited is covered by 24 analysts. 8 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