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Kandal M Venture Limited Class A
(NASDAQ:FMFC)
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Rating:47Neutral
Price Target:
$0.29
▼(-14.41% Downside)
Action:Reiterated
Date:08/05/26
The score is held back primarily by weakening profitability and a sharp deterioration to negative operating/free cash flow in 2026, despite improved capitalization from significant debt reduction. Technicals show only tentative stabilization with the price still below key longer-term averages, and valuation is not supportive due to a negative P/E and no dividend yield.
Positive Factors
Balance-sheet repair
A material reduction in total debt alongside higher equity materially improves financial flexibility and reduces default and covenant risk over a multi‑month horizon. Stronger capitalization supports capex and working capital needs, lowering refinancing pressure and enabling strategic execution.
Negative Factors
Negative cash flow reversal
A sharp switch to negative operating and free cash flow undermines the company’s internal funding capacity, forcing reliance on external capital. Persistently negative cash conversion raises liquidity and solvency risk and can necessitate dilutive or costly financing over the coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet repair
A material reduction in total debt alongside higher equity materially improves financial flexibility and reduces default and covenant risk over a multi‑month horizon. Stronger capitalization supports capex and working capital needs, lowering refinancing pressure and enabling strategic execution.
Read all positive factors
Kandal M Venture Limited Class A (FMFC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$9.59M
Dividend YieldN/A
Average Volume (3M)840.66K
Price to Earnings (P/E)―
Beta (1Y)2.54
Revenue Growth-0.34%
EPS Growth12.17%
CountryUS
Employees1,264
SectorGeneral
Sector StrengthN/A
IndustryPersonal Products & Services
Share Statistics
EPS (TTM)N/A
Shares Outstanding15,300,000
10 Day Avg. Volume550,143
30 Day Avg. Volume840,656
Financial Highlights & Ratios
PEG Ratio-20.47
Price to Book (P/B)0.89
Price to Sales (P/S)0.42
P/FCF Ratio-3.72
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Kandal M Venture Limited Class A Business Overview & Revenue Model
Company Description
Kandal M Venture Ltd. is a holding company, which engages in the manufacture of leather goods through its subsidiary. The firm's products include handbags, shoulder bags, crossbody bags, tote bags, backpacks, satchels, and wallets. It operates thr...
Kandal M Venture Limited Class A Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
55
Neutral
Cash Flow
38
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 17.13M | 17.19M | 13.97M | 13.47M |
| Gross Profit | 3.24M | 3.36M | 3.37M | 2.81M |
| EBITDA | 833.87K | 1.07M | 1.97M | 1.35M |
| Net Income | 235.63K | 209.67K | 1.12M | 744.50K |
Balance Sheet | ||||
| Total Assets | 11.21M | 10.07M | 10.18M | 5.89M |
| Cash, Cash Equivalents and Short-Term Investments | 3.58M | 102.70K | 235.35K | 361.47K |
| Total Debt | 87.63K | 5.26M | 7.43M | 1.12M |
| Total Liabilities | 3.16M | 9.69M | 10.01M | 6.84M |
| Stockholders Equity | 8.05M | 378.10K | 168.43K | -950.79K |
Cash Flow | ||||
| Free Cash Flow | -1.92M | 2.12M | 3.12M | 2.16M |
| Operating Cash Flow | -1.88M | 2.13M | 3.14M | 2.17M |
| Investing Cash Flow | -2.63M | -581.84K | -253.61K | -9.98K |
| Financing Cash Flow | 8.00M | -1.69M | -3.01M | -1.92M |
Kandal M Venture Limited Class A Risk Analysis
Kandal M Venture Limited Class A disclosed 59 risk factors in its most recent earnings report. Kandal M Venture Limited Class A reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Kandal M Venture Limited Class A Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $602.16M | 27.08 | 6.40% | 3.01% | 4.30% | 76.21% | |
67 Neutral | $3.65B | 12.87 | 16.01% | 1.47% | 1.35% | 661.25% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | $106.26M | -3.45 | -36.73% | 21.13% | 5.83% | -8491.43% | |
48 Neutral | $292.55M | -4.32 | -52.99% | ― | -11.35% | 36.29% | |
47 Neutral | $9.59M | -113.93 | 76.73% | ― | -0.34% | 12.17% | |
41 Neutral | $9.46M | -3.89 | 16.37% | ― | 16.46% | 73.42% |
* General Sector Average
FMFC
Kandal M Venture Limited Class A
0.30
-7.66
-96.21%
BGI
Birks & Mayors
0.35
-0.29
-45.92%
FOSL
Fossil Group
5.82
4.11
240.35%
MOV
Movado Group
37.77
23.22
159.55%
SIG
Signet Jewelers
93.88
19.70
26.56%
BRLT
Brilliant Earth Group
1.21
-0.48
-28.40%
Kandal M Venture Limited Class A Corporate Events
Kandal M Venture Limited Posts Steady FY2026 Results and Secures Growth Capital for Tech-Driven Expansion
Jul 30, 2026
Kandal M Venture Limited reported financial results on July 30, 2026, for its fiscal year ended March 31, 2026, showing essentially flat revenue at US$17.1 million, down 0.3% year over year, and a slight decline in gross margin to 18.9% as higher ...
Kandal M Venture Limited Postpones July 9 Extraordinary General Meeting
Jul 7, 2026
Kandal M Venture Limited has postponed its extraordinary general meeting of shareholders that was originally scheduled for July 9, 2026 in Kandal Province, Cambodia. The board determined that it was necessary to adjust the proposals contained in t...
Kandal M Venture Raises Additional $1 Million via Convertible Note in June 2026
Jun 29, 2026
Kandal M Venture Limited reported that on June 5, 2026 it entered into a securities purchase agreement with an institutional investor for up to $25 million in senior unsecured convertible promissory notes, with an initial $1 million note issued at...
Kandal M Venture Wins Nasdaq Extension to Fix Bid-Price Deficiency
Jun 24, 2026
On June 23, 2026, Kandal M Venture Limited received notice from Nasdaq that it has been granted an additional 180 days, until December 21, 2026, to regain compliance with the exchange’s minimum bid price requirement of $1 per share under Lis...
Kandal M Venture Calls July 9 EGM to Approve 16-for-1 Share Consolidation
Jun 16, 2026
Kandal M Venture Limited has called an extraordinary general meeting of shareholders for July 9, 2026, in Hong Kong, with hybrid in-person and electronic participation, to vote on a proposed 16-for-1 consolidation of both its issued and unissued C...
Kandal M Venture Doubles Stake in Luxury Handbag Maker Dumaine with New 15% Acquisition
Jun 8, 2026
On June 8, 2026, Kandal M Venture Limited announced that its subsidiary Padachi M entered into a second share purchase agreement to acquire an additional 15% of Dumaine International Ltd for US$2.5 million in cash, funded entirely from existing ca...
Kandal M Venture Taps Private Market With $25 Million Convertible Note Program
Jun 8, 2026
On June 5, 2026, Kandal M Venture Limited entered into a securities purchase agreement with an institutional investor to issue up to $25 million of senior unsecured convertible promissory notes, bearing 10% annual interest and maturing three years...
Kandal M Venture Formally Names Lam Tai Mau as Chief Financial Officer
Jun 2, 2026
On May 11, 2026, Kandal M Venture Limited appointed Mr. Lam Tai Mau as Financial Controller, assigning him the same responsibilities previously held by the Chief Financial Officer. This move effectively positioned him as the company’s top fi...
Kandal M Venture Limited Reshapes Senior Finance Leadership in May 2026
May 15, 2026
Kandal M Venture Limited, a foreign private issuer based in Kandal Province, Cambodia, reported changes in its senior finance leadership without disclosing details on its industry or operating segments. The company emphasized corporate governance,...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.