Added to YB: 2025-01-21
Pitch date: 2025-01-20
KMD.NZ [bullish]
KMD Brands Limited
-33.33%
current return
Author Info
Fundamental Goob is an analyst on UK, AU, NZ and US equities who shares insights in their newsletter. Sign up for the newsletter.
Company Info
KMD Brands Limited, together with its subsidiaries, designs, markets, wholesales, and retails apparel, footwear, and equipment for surfing and the outdoors under the Kathmandu, Rip Curl, and Oboz brands in New Zealand, Australia, North America, Europe, Southeast Asia, and Brazil.
Market Cap
NZD 245.5M
Pitch Price
NZD 0.41
Price Target
0.56 (+107%)
Dividend
N/A
EV/EBITDA
5.07
P/E
-4.02
EV/Sales
0.63
Sector
Specialty Retail
Category
turnaround
New Zealand Economic Recovery: Trade Basket - KMD Brands Limited
KMD.NZ: Kathmandu underperforming, Rip Curl now key driver. New marketing campaign could boost Kathmandu. Rip Curl valued at $326M (83% of group), provides downside protection. Kathmandu recovery to 9% margins on $400M sales = 40% upside. Risks: exec turnover, lease liabilities, tight covenants. Allan Gray 18% stake, insider buying at $0.49.
Read full article (4 min)