Kandal M Venture Limited Class A (FMFC) AI Stock Analysis

• Market Cap: $8.90M
• Dividend Yield: N/A
• Average Volume (3M): 840.66K
• Price to Earnings (P/E): ―
• Beta (1Y): 3.85
• Revenue Growth: 23.01%
• EPS Growth: -81.21%
• Country: US
• Employees: 1,255
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Luxury Goods
• EPS (TTM): N/A
• Shares Outstanding: 15,300,000
• 10 Day Avg. Volume: 550,143
• 30 Day Avg. Volume: 840,656
• PEG Ratio: -4.25
• Price to Book (P/B): 186.20
• Price to Sales (P/S): 4.10
• P/FCF Ratio: 33.24
• Enterprise Value/Market Cap: 1.58
• Enterprise Value/Revenue: 0.82
• Enterprise Value/Gross Profit: 4.19
• Enterprise Value/Ebitda: 24.72
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 43 Neutral
• Price Target: $0.38 ▲(11.76% Upside)
• Action: Reiterated Date: 02/28/26
• Date: Action: Reiterated 02/28/26

The score is primarily held down by weakening financial quality—steep profitability decline and very high leverage—along with falling free cash flow growth. Technicals provide only mild support with mixed momentum, and valuation appears expensive (high P/E) without dividend yield support.

Positive Factors

Sustained Revenue Growth

A recurring high revenue growth rate supports durable demand for the firm’s contract manufacturing services, improving capacity utilization and bargaining power with global brands. Over 2-6 months this underpins reinvestment into operations, product development and scaling of low-cost production.

Negative Factors

High Financial Leverage

Very high leverage materially increases interest burden and reduces financial flexibility, making the company more vulnerable to margin pressure, tariff shocks or demand softness. Over months this constraint limits ability to invest, deleverage, or absorb cost inflation without refinancing risk.

Kandal M Venture Limited Class A Business Overview & Revenue Model

Company Description

Through FMF, its operating subsidiary, Kandal M Venture is a contract manufacturer of affordable luxury leather goods with its manufacturing operations in Cambodia. We primarily manufacture handbags, such as shoulder bag, crossbody bag, tote bag, ...

Read more

Through FMF, its operating subsidiary, Kandal M Venture is a contract manufacturer of affordable luxury leather goods with its manufacturing operations in Cambodia. We primarily manufacture handbags, such as shoulder bag, crossbody bag, tote bag, ...

Kandal M Venture Limited Class A Financial Statement Overview

Breakdown	Mar 2025	Mar 2024	Mar 2023
Income Statement
Total Revenue	17.19M	13.97M	13.47M
Gross Profit	3.36M	3.37M	2.81M
EBITDA	1.07M	1.97M	1.35M
Net Income	209.67K	1.12M	744.50K
Balance Sheet
Total Assets	10.07M	10.18M	5.89M
Cash, Cash Equivalents and Short-Term Investments	102.70K	235.35K	361.47K
Total Debt	5.26M	7.43M	1.12M
Total Liabilities	9.69M	10.01M	6.84M
Stockholders Equity	378.10K	168.43K	-950.79K
Cash Flow
Free Cash Flow	2.12M	3.12M	2.16M
Operating Cash Flow	2.13M	3.14M	2.17M
Investing Cash Flow	-581.84K	-253.61K	-9.98K
Financing Cash Flow	-1.69M	-3.01M	-1.92M

Kandal M Venture Limited Class A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MOV	70 Outperform	$416.18M	19.42	5.33%	6.79%	0.63%	-7.37%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
FOSL	54 Neutral	$309.28M	-2.64	-61.86%	―	-12.89%	45.32%
SIG	51 Neutral	$3.73B	12.94	16.38%	1.46%	-0.40%	-68.99%
BRLT	44 Neutral	$131.44M	-7.10	-15.32%	14.29%	1.32%	-175.81%
FMFC	43 Neutral	$8.90M	-32.62	76.73%	―	23.01%	-81.21%
BGI	41 Neutral	$15.05M	-2.90	63.94%	―	4.49%	-87.94%

Kandal M Venture Limited Class A Corporate Events