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: 2.06
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

$0.50

17 Apr
2024

-0.015

OPEN

$0.51

-2.91%

HIGH

$0.51

102,989

LOW

$0.50

TARGET
$0.53 6.0% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
BEX . SUL .
FNARENA'S MARKET CONSENSUS FORECASTS
KMD: 1
Title FY24
Forecast
FY25
Forecast
EPS (cps) 2.3 xxx
DPS (cps) 1.9 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 21.3 xxx
Dividend Yield 3.8% xxx
Div Pay Ratio(%) 80.3% 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: 4.21%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

11.04

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 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx4.5
DPS All xxxxxxxxxxxxxxx5.5
Sales/Revenue xxxxxxxxxxxxxxx1,011.1 M
Book Value Per Share xxxxxxxxxxxxxxx108.6
Net Operating Cash Flow xxxxxxxxxxxxxxx135.3 M
Net Profit Margin xxxxxxxxxxxxxxx3.19 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx4.20 %
Return on Invested Capital xxxxxxxxxxxxxxx3.04 %
Return on Assets xxxxxxxxxxxxxxx2.29 %
Return on Equity xxxxxxxxxxxxxxx4.20 %
Return on Total Capital xxxxxxxxxxxxxxx6.07 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx70.2 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx77 M
Long Term Debt xxxxxxxxxxxxxxx299 M
Total Debt xxxxxxxxxxxxxxx376 M
Goodwill - Gross xxxxxxxxxxxxxxx267 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx46 M
Price To Book Value xxxxxxxxxxxxxxx0.77

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx33.0 M
Capex % of Sales xxxxxxxxxxxxxxx3.26 %
Cost of Goods Sold xxxxxxxxxxxxxxx527 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx415 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx-

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

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

20/03/2024

3

Neutral

-

-

UBS found KMD Brands' H1 performance in line, but also notes the retailer had issued a profit warning beforehand. Negative sentiment continues to impact, notes the broker.

UBS singles out Kathmandu in particular as performing disappointingly. Management has indicated there's very limited distressed inventory left and thus the broker sees limited discounting happening in 2H24.

The result itself revealed slightly better EBITDA as management had pulled back on the opex, but finance costs proved a nasty surprise to UBS, dragging the net profit below expectations.

There's no interim dividend for shareholders. Estimates have been cut. Neutral rating retained (UBS indicates confidence needs to be rebuild). Target sinks to NZ56c from NZ62c.

FORECAST
UBS forecasts a full year FY24 dividend of 1.85 cents and EPS of 2.78 cents.
UBS forecasts a full year FY25 dividend of 2.78 cents and EPS of 5.56 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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KMD STOCK CHART