KMD Brands Limited

NZSE:KMD Stock Report

Market Cap: NZ$298.9m

KMD Brands Valuation

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

Valuation Score

6/6

Valuation Score 6/6

  • 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 KMD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: KMD (NZ$0.42) is trading below our estimate of fair value (NZ$2.34)

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

Key Valuation Metric

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

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

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

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for KMD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.7x
CMO Colonial Motor
0.2xn/aNZ$209.2m
HLG Hallenstein Glasson Holdings
1.1x3.2%NZ$495.1m
TRA Turners Automotive Group
1.1x8.7%NZ$470.5m
WHS Warehouse Group
0.1x2.0%NZ$362.6m
KMD KMD Brands
0.3x4.2%NZ$298.9m

Price-To-Sales vs Peers: KMD is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (0.7x).

Price to Sales Ratio vs Industry

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

3 CompaniesPrice / SalesEstimated GrowthMarket Cap
KMD 0.3xIndustry Avg. 0.8xNo. of Companies4PS00.40.81.21.62+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: KMD is good value based on its Price-To-Sales Ratio (0.3x) compared to the Oceanic Specialty Retail industry average (0.8x).

Price to Sales Ratio vs Fair Ratio

What is KMD'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.

KMD PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.3x
Fair PS Ratio0.7x

Price-To-Sales vs Fair Ratio: KMD is good value based on its Price-To-Sales Ratio (0.3x) compared to the estimated Fair Price-To-Sales Ratio (0.7x).

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 KMD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNZ$0.42
NZ$0.56
+33.9%
12.8%NZ$0.63NZ$0.45n/a4
Dec ’25NZ$0.41
NZ$0.56
+35.5%
12.8%NZ$0.63NZ$0.45n/a4
Nov ’25NZ$0.44
NZ$0.59
+34.7%
11.8%NZ$0.67NZ$0.50n/a4
Oct ’25NZ$0.53
NZ$0.59
+11.8%
11.8%NZ$0.67NZ$0.50n/a4
Sep ’25NZ$0.57
NZ$0.60
+5.3%
15.6%NZ$0.70NZ$0.45n/a4
Aug ’25NZ$0.43
NZ$0.55
+27.3%
19.8%NZ$0.70NZ$0.44n/a4
Jul ’25NZ$0.36
NZ$0.55
+52.8%
19.3%NZ$0.70NZ$0.45n/a4
Jun ’25NZ$0.42
NZ$0.61
+43.5%
15.2%NZ$0.75NZ$0.50n/a4
May ’25NZ$0.51
NZ$0.68
+33.3%
18.2%NZ$0.85NZ$0.56n/a3
Apr ’25NZ$0.55
NZ$0.68
+23.6%
18.2%NZ$0.85NZ$0.56n/a3
Mar ’25NZ$0.52
NZ$0.70
+34.6%
15.2%NZ$0.85NZ$0.62n/a3
Feb ’25NZ$0.68
NZ$0.97
+42.2%
12.9%NZ$1.10NZ$0.80n/a3
Jan ’25NZ$0.75
NZ$0.97
+28.9%
12.9%NZ$1.10NZ$0.80n/a3
Dec ’24NZ$0.77
NZ$1.08
+40.7%
9.5%NZ$1.20NZ$0.95NZ$0.413
Nov ’24NZ$0.84
NZ$1.08
+29.0%
9.5%NZ$1.20NZ$0.95NZ$0.443
Oct ’24NZ$0.87
NZ$1.10
+26.4%
7.4%NZ$1.20NZ$1.00NZ$0.533
Sep ’24NZ$0.84
NZ$1.18
+40.9%
4.0%NZ$1.25NZ$1.15NZ$0.573
Aug ’24NZ$0.91
NZ$1.18
+30.0%
4.0%NZ$1.25NZ$1.15NZ$0.433
Jul ’24NZ$1.00
NZ$1.38
+38.3%
9.0%NZ$1.55NZ$1.25NZ$0.363
Jun ’24NZ$1.12
NZ$1.38
+23.5%
9.0%NZ$1.55NZ$1.25NZ$0.423
May ’24NZ$1.12
NZ$1.35
+20.5%
8.0%NZ$1.50NZ$1.25NZ$0.513
Apr ’24NZ$1.10
NZ$1.35
+22.7%
8.0%NZ$1.50NZ$1.25NZ$0.553
Mar ’24NZ$1.13
NZ$1.37
+20.9%
7.5%NZ$1.50NZ$1.25NZ$0.523
Feb ’24NZ$1.07
NZ$1.38
+29.3%
7.4%NZ$1.50NZ$1.25NZ$0.683
Jan ’24NZ$1.03
NZ$1.38
+34.3%
7.4%NZ$1.50NZ$1.25NZ$0.753
Dec ’23NZ$1.09
NZ$1.38
+26.9%
7.4%NZ$1.50NZ$1.25NZ$0.773

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/21 12:07
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