Kingboard Holdings (0148) AI Stock Analysis

• Market Cap: $29.46B
• Dividend Yield: 5.23%
• Average Volume (3M): 3.03M
• Price to Earnings (P/E): 10.9
• Beta (1Y): 1.21
• Revenue Growth: 6.95%
• EPS Growth: 24.07%
• Country: HK
• Employees: 33,000
• Sector: Industrials
• Sector Strength: 72
• Industry: Conglomerates
• EPS (TTM): 2.33
• Shares Outstanding: 1,108,311,800
• 10 Day Avg. Volume: 4,146,075
• 30 Day Avg. Volume: 3,025,134
• PEG Ratio: -0.61
• Price to Book (P/B): 0.35
• Price to Sales (P/S): 0.48
• P/FCF Ratio: 13.46
• Enterprise Value/Market Cap: 1.50
• Enterprise Value/Revenue: 1.00
• Enterprise Value/Gross Profit: 5.43
• Enterprise Value/Ebitda: 6.57
• 1Y Price Target: $35.53
• Price Target Upside: 32.69% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: HK$30.00 ▲(12.02% Upside)

Kingboard Holdings scores a 69, reflecting a stable but challenging financial situation. The strong balance sheet and reasonable valuation are offset by profitability pressures and cash flow uncertainties. Technical indicators suggest a neutral market sentiment, with no significant momentum. The lack of earnings call and corporate events data limits further insights.

Kingboard Holdings Business Overview & Revenue Model

Company Description

Kingboard Holdings Limited (0148) is a Hong Kong-based investment holding company primarily engaged in the manufacture and sale of laminates, printed circuit boards (PCBs), chemicals, and property development. The company operates through several segments, including Laminates, Printed Circuit Boards, Chemicals, and Property, serving a diverse range of industries such as electronics, automotive, and real estate.

How the Company Makes Money

Kingboard Holdings generates revenue through a diversified business model primarily centered around its four core segments. The Laminates segment is the largest contributor, producing and selling copper-clad laminates and glass fabric used in PCBs, essential components for electronics manufacturing. The Printed Circuit Boards segment involves the design, manufacturing, and sale of PCBs, catering to various high-tech applications. The Chemicals segment produces chemical products, including phenol, acetone, and epoxy resin, used in industrial processes. Additionally, the Property segment generates income through the development, sale, and leasing of residential and commercial properties. The company's earnings are bolstered by strategic partnerships and joint ventures that enhance its production capabilities and market reach, as well as its extensive distribution network across Asia, Europe, and North America.

Kingboard Holdings Financial Statement Overview

Summary

Kingboard Holdings shows a mixed financial performance. The income statement reveals pressure on profitability with a declining net profit margin. The balance sheet is relatively strong with low leverage, but decreasing equity and increasing liabilities pose risks. Cash flow concerns are evident with fluctuating free cash flow and missing data on cash conversion efficiency.

Income Statement

Kingboard Holdings shows a mixed performance in its income statement. The gross profit margin for the latest year is approximately 19.7%, indicating a decent level of profitability. However, net profit margin has decreased to about 3.8%, reflecting pressure on bottom-line profitability. The revenue growth rate has been inconsistent, with a decline in recent years. EBIT margin at 11.7% and EBITDA margin at 16.2% suggest some operational efficiency, but declining trends in margins suggest challenges in maintaining cost efficiency.

Balance Sheet

The balance sheet of Kingboard Holdings is relatively strong with a debt-to-equity ratio of approximately 0.36, indicating a conservative leverage position. The return on equity (ROE) has decreased to about 2.7%, showing a decline in profitability relative to shareholders' equity. The equity ratio stands at 61.2%, reflecting a solid capital structure with significant equity financing. However, there's a trend of decreasing equity and increasing liabilities, which may pose a risk if not addressed.

Cash Flow

Kingboard Holdings' cash flow statement indicates some concerns. The operating cash flow to net income ratio is unavailable for the latest year due to missing data, making it difficult to assess cash conversion efficiency. The free cash flow has fluctuated significantly over the years, showing a substantial decline recently, which could impact future investments and financial flexibility. The absence of free cash flow growth highlights potential challenges in generating cash from operations.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	44.29B	43.09B	39.71B	49.38B	56.76B	43.51B
Gross Profit	8.13B	8.49B	7.59B	12.37B	18.82B	12.23B
EBITDA	6.72B	6.99B	5.90B	8.91B	17.54B	10.01B
Net Income	2.71B	1.63B	2.06B	3.66B	10.78B	4.70B
Balance Sheet
Total Assets	103.67B	97.78B	98.97B	97.29B	103.82B	93.25B
Cash, Cash Equivalents and Short-Term Investments	13.42B	10.84B	12.99B	11.40B	10.07B	9.36B
Total Debt	24.93B	21.71B	22.93B	19.76B	18.42B	17.24B
Total Liabilities	36.27B	33.05B	34.53B	32.60B	35.13B	32.45B
Stockholders Equity	62.56B	59.82B	59.74B	60.06B	63.02B	55.86B
Cash Flow
Free Cash Flow	2.61B	1.54B	1.18B	5.29B	5.58B	7.83B
Operating Cash Flow	6.69B	5.76B	5.31B	10.58B	9.50B	9.50B
Investing Cash Flow	-4.20B	-1.51B	-8.24B	-5.33B	-6.01B	2.76B
Financing Cash Flow	-2.54B	-3.56B	622.28M	-3.77B	-4.67B	-12.28B

Kingboard Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 26.78
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0148, the sentiment is Negative. The current price of 26.78 is below the 20-day moving average (MA) of 27.25, below the 50-day MA of 27.27, and above the 200-day MA of 24.03, indicating a neutral trend. The MACD of -0.11 indicates Positive momentum. The RSI at 46.37 is Neutral, neither overbought nor oversold. The STOCH value of 41.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0148.

Kingboard Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0053	80 Outperform	$25.20B	6.30	6.18%	4.23%	7.45%	11.56%
0148	69 Neutral	$29.46B	10.89	4.43%	5.23%	6.95%	24.07%
0363	67 Neutral	$14.93B	5.64	5.58%	6.70%	-7.44%	-18.48%
0392	66 Neutral	$43.25B	7.46	6.26%	4.61%	―	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
0118	54 Neutral	HK$205.14M	22.04	0.53%	―	-9.32%	―
0656	42 Neutral	$39.10B	-8.15	-3.65%	0.41%	-8.93%	-698.78%

Kingboard Holdings Corporate Events

Kingboard Holdings Announces Executive Director Resignation

Kingboard Holdings Limited, a company incorporated in the Cayman Islands, announced the resignation of Mr. Chen Maosheng from his position as an executive director, effective October 17, 2025. The resignation is due to Mr. Chen’s desire to focus on other commitments. The company expressed gratitude for Mr. Chen’s contributions and confirmed there are no disagreements or issues that need to be addressed regarding his departure.

The most recent analyst rating on (HK:0148) stock is a Hold with a HK$31.00 price target. To see the full list of analyst forecasts on Kingboard Holdings stock, see the HK:0148 Stock Forecast page.

Kingboard Holdings Announces Board Composition and Committee Roles

Kingboard Holdings Limited has announced the composition of its board of directors, which includes both executive and independent non-executive directors. The announcement also details the membership of the board committees, highlighting the roles of each director within the audit, remuneration, and nomination committees. This update reflects the company’s governance structure and may impact its strategic decision-making and stakeholder relations.

The most recent analyst rating on (HK:0148) stock is a Hold with a HK$31.00 price target. To see the full list of analyst forecasts on Kingboard Holdings stock, see the HK:0148 Stock Forecast page.

Kingboard Holdings Declares Interim Dividend for 2025

Kingboard Holdings Limited announced an interim cash dividend of HKD 0.69 per share for the six months ending June 30, 2025, with a payment date set for January 7, 2026. This dividend declaration reflects the company’s ongoing commitment to providing shareholder value and may enhance its attractiveness to investors, potentially impacting its market positioning positively.

The most recent analyst rating on (HK:0148) stock is a Buy with a HK$31.00 price target. To see the full list of analyst forecasts on Kingboard Holdings stock, see the HK:0148 Stock Forecast page.

Kingboard Holdings Reports Strong Interim Financial Results for 2025

Kingboard Holdings Limited has announced its interim financial results for the six months ending June 30, 2025, reporting a 6% increase in revenue to HK$21,608.3 million compared to the same period in 2024. The company also saw significant growth in profitability, with EBITDA rising by 28% and net profit attributable to owners increasing by 71%, reflecting strong operational performance and strategic market positioning. The interim dividend per share increased by 73%, indicating a positive outlook for stakeholders.

The most recent analyst rating on (HK:0148) stock is a Buy with a HK$31.00 price target. To see the full list of analyst forecasts on Kingboard Holdings stock, see the HK:0148 Stock Forecast page.

Kingboard Holdings Schedules Board Meeting for Interim Results and Dividend Decision

Kingboard Holdings Limited has announced a board meeting scheduled for August 25, 2025, to approve the interim results for the period ending June 30, 2025, and to consider the payment of an interim dividend. This announcement indicates the company’s ongoing commitment to transparency and shareholder value, potentially impacting its market positioning and stakeholder interests positively.