KMD BRANDS LIMITED (KMD)
Share Price Analysis and Chart

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KMD - KMD BRANDS LIMITED

FNArena Sector : Sports & Recreation
Year End: July
GICS Industry Group : Retailing
Debt/EBITDA: 2.64
Index: ALL-ORDS

KMD Brands, formerly Kathmandu, is a retailer of outdoor and travel clothing and equipment in Australia and New Zealand. Apart from Kathmandu, the retailer also owns the Oboz footware and Rip Curl surfware brands. Founded in 1987 it listed on the ASX and NZX in 2009.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.37

20 Dec
2024

-0.005

OPEN

$0.37

-1.33%

HIGH

$0.38

373,197

LOW

$0.36

TARGET
$0.475 28.4% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
SUL .
FNARENA'S MARKET CONSENSUS FORECASTS
KMD: 1
Title FY25
Forecast		 FY26
Forecast
EPS (cps) 1.6 xxx
DPS (cps) 0.8 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 23.0 xxx
Dividend Yield 2.2% xxx
Div Pay Ratio(%) 51.4% xxx
This company reports in NZD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 14/06 - ex-div 2.3679c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-6.5
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx904.2 M
Book Value Per Share xxxxxxxxxxxxxxx99.7
Net Operating Cash Flow xxxxxxxxxxxxxxx133.6 M
Net Profit Margin xxxxxxxxxxxxxxx-5.08 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-6.20 %
Return on Invested Capital xxxxxxxxxxxxxxx-4.47 %
Return on Assets xxxxxxxxxxxxxxx-3.37 %
Return on Equity xxxxxxxxxxxxxxx-6.20 %
Return on Total Capital xxxxxxxxxxxxxxx1.39 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx90.3 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx77 M
Long Term Debt xxxxxxxxxxxxxxx276 M
Total Debt xxxxxxxxxxxxxxx353 M
Goodwill - Gross xxxxxxxxxxxxxxx268 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx31 M
Price To Book Value xxxxxxxxxxxxxxx0.41

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx30.0 M
Capex % of Sales xxxxxxxxxxxxxxx3.32 %
Cost of Goods Sold xxxxxxxxxxxxxxx490 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx398 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.0

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Macquarie

26/09/2024

3

Neutral

$0.45

21.62%

FY24 underlying earnings (EBITDA) for KMD Brands were in line with Macquarie's expectations and at mid-point of guidance with opex savings partly offsetting a decline in sales.

Pre-reported group sales declined by -11.2% year-on-year reflecting weakness in consumer sentiment, a challenging sales environment, and Rip Curl and Oboz cycling record sales, explains the analyst.

Because of a tougher macro environment and ongoing wholesale channel constraints, Macquarie expects ongoing headwinds across all brands.

The target eases to 45c from 47c. Neutral.

FORECAST
Macquarie forecasts a full year FY25 dividend of 0.83 cents and EPS of 1.38 cents.
Macquarie forecasts a full year FY26 dividend of 2.38 cents and EPS of 4.77 cents.
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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Jarden

21/11/2024

2

Overweight

-

-

KMD Brands' 1Q25 group sales declined by -5.8% year-on-year, an improvement from the -8% decline recorded in 2H24, with direct-to-consumer sales recovering, particularly for the Kathmandu brand in Australia, notes Jarden.

Wholesale channels remained weak, with Rip Curl sales down -15% and Oboz sales down -8% year-on-year, though 2H25 forward orders suggest improving trends.

Group gross margins improved year-on-year, notes the broker, supported by clearance sales activity in August 2023, though inflationary pressures continue to pose challenges.

Jarden trims earnings forecasts for Rip Curl and Oboz, maintaining an Overweight rating for KMD and lowering the target price to NZ$0.63 from NZ$0.67, citing potential for positive momentum by 3Q25.

FORECAST
Jarden forecasts a full year FY25 dividend of 0.00 cents and EPS of 1.19 cents.
Jarden forecasts a full year FY26 dividend of 2.75 cents and EPS of 3.76 cents.
Access Extra Coverage Research History >

KMD STOCK CHART

FNArena News on KMD

1
In Brief: Pro Medicus, Superloop, Clarity & More

Dec 13 2024 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Nov 21, 2024

Nov 21 2024 - Daily Market Reports
3
FNArena Corporate Results Monitor – 01-10-2024

Oct 01 2024 - Australia
4
Australian Broker Call *Extra* Edition – Sep 30, 2024

Sep 30 2024 - Daily Market Reports
5
In Case You Missed It – BC Extra Upgrades & Downgrades – 27-09-24

Sep 27 2024 - Weekly Reports

Latest Sports & Recreation News

1
Tough Times For KMD Brands

Sep 21 2023 - Australia
2
Key Brands Providing Upside For Kathmandu

Sep 23 2021 - Australia
3
Riding The Kathmandu Wave

Sep 06 2021 - Australia
4
Winter Lockdowns Impact Kathmandu Sales

Jul 01 2021 - Australia
5
Kathmandu Looks Internationally For Growth

Sep 20 2018 - Small Caps
6
Oboz Footwear Fits Kathmandu

Mar 21 2018 - Australia
7
Next Week At A Glance

Sep 16 2016 - Weekly Reports
8
Next Week At A Glance

Sep 02 2016 - Weekly Reports
9
Treasure Chest: Potential In Kathmandu Turnaround

Jun 09 2016 - Treasure Chest
10
Next Week At A Glance

Mar 18 2016 - Weekly Reports