Kader Holdings Co. Ltd. (HK:0180)
:0180
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Kader Holdings Co. Ltd.
(0180)
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Rating:46Neutral
Price Target:
HK$0.18
▼(-6.84% Downside)
Action:Reiterated
Date:06/03/26
The score is held down primarily by weak financial performance, driven by sustained heavy losses and negative operating profitability, despite only modest revenue declines. Technicals are mixed with price below key moving averages but neutral momentum indicators. Valuation is constrained by a negative P/E, reflecting current loss-making fundamentals.
Positive Factors
OEM/ODM manufacturing model
Kader's core OEM/ODM business is a durable structural advantage: by providing tooling, development, quality and supply-chain execution for brand owners, the company captures sticky, contract-driven revenue streams and leverages factory scale. This model supports steady order flow and long-term customer relationships even amid cyclical demand shifts.
Negative Factors
Sustained heavy losses and negative margins
The company has recorded very large net losses and negative EBIT in 2024–2025, indicating the core manufacturing business is not covering operating costs. Persistent deep losses erode equity, limit reinvestment capacity, and increase the likelihood of restructuring or capital raises, jeopardizing long-term competitiveness if margins cannot be restored.
Read all positive and negative factors
Positive Factors
Negative Factors
OEM/ODM manufacturing model
Kader's core OEM/ODM business is a durable structural advantage: by providing tooling, development, quality and supply-chain execution for brand owners, the company captures sticky, contract-driven revenue streams and leverages factory scale. This model supports steady order flow and long-term customer relationships even amid cyclical demand shifts.
Read all positive factors
Kader Holdings Co. Ltd. (0180) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$192.02M
Dividend YieldN/A
Average Volume (3M)65.00K
Price to Earnings (P/E)―
Beta (1Y)0.09
Revenue Growth2.17%
EPS Growth-1.53%
CountryHK
Employees768
SectorConsumer Cyclical
Sector Strength84
IndustryLeisure
Share Statistics
EPS (TTM)-0.20
Shares Outstanding950,587,950
10 Day Avg. Volume94,206
30 Day Avg. Volume65,002
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)0.11
Price to Sales (P/S)0.52
P/FCF Ratio32.09
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
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
Kader Holdings Co. Ltd. Business Overview & Revenue Model
Company Description
Operating as an investment holding company, Kader Holdings Limited specializes in the creation, distribution, and global sale of a diverse array of toys, encompassing plastic, electronic, and plush items, alongside model trains, across Hong Kong, ...
How the Company Makes Money
Kader Holdings makes money primarily by manufacturing toys and hobby products for third-party customers under OEM/ODM arrangements. Revenue is generated when customers place purchase orders for finished goods (and in some cases components/assembli...
Kader Holdings Co. Ltd. Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
58
Neutral
Cash Flow
45
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 351.16M | 352.05M | 372.54M | 351.97M | 397.33M |
| Gross Profit | 52.08M | 290.38M | 307.13M | 314.16M | 330.72M |
| EBITDA | 5.07M | 27.96M | 5.90M | -23.15M | 100.33M |
| Net Income | -189.59M | -186.70M | -74.63M | -86.38M | 45.94M |
Balance Sheet | |||||
| Total Assets | 2.61B | 2.81B | 3.00B | 2.95B | 2.90B |
| Cash, Cash Equivalents and Short-Term Investments | 67.78M | 52.95M | 90.20M | 91.39M | 101.27M |
| Total Debt | 731.04M | 692.29M | 684.69M | 555.06M | 420.25M |
| Total Liabilities | 866.26M | 884.29M | 881.25M | 775.24M | 629.72M |
| Stockholders Equity | 1.74B | 1.92B | 2.11B | 2.17B | 2.26B |
Cash Flow | |||||
| Free Cash Flow | 5.69M | 13.86M | -13.96M | -55.18M | -13.57M |
| Operating Cash Flow | 36.40M | 39.08M | 13.86M | -2.31M | 55.74M |
| Investing Cash Flow | -26.75M | -35.66M | -113.42M | -124.41M | -96.47M |
| Financing Cash Flow | 4.19M | -33.97M | 94.07M | 125.45M | 40.18M |
Kader Holdings Co. Ltd. Technical Analysis
Negative
0.19
Price Trends
0.20
Positive
0.20
Negative
0.20
Negative
Market Momentum
<0.01
Positive
49.84
Neutral
78.49
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0180, the sentiment is Negative. The current price of 0.19 is below the 20-day moving average (MA) of 0.20, below the 50-day MA of 0.20, and below the 200-day MA of 0.20, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 49.84 is Neutral, neither overbought nor oversold. The STOCH value of 78.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0180.
Kader Holdings Co. Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | HK$210.71B | 14.62 | 69.31% | 0.44% | 185.41% | 308.79% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | HK$992.64M | -2.74 | -8.76% | 9.09% | -39.09% | 5.19% | |
60 Neutral | HK$545.50M | -36.54 | 1.26% | 13.73% | -45.00% | -111.66% | |
59 Neutral | HK$212.00M | -24.65 | -42.82% | ― | -6.48% | -38.10% | |
46 Neutral | HK$192.02M | -1.02 | -10.60% | ― | 2.17% | -1.53% | |
44 Neutral | HK$122.41M | -1.13 | -30.47% | ― | -0.86% | -27.55% |
* Consumer Cyclical Sector Average
HK:0180
Kader Holdings Co. Ltd.
0.20
-0.02
-11.01%
HK:0869
Playmates Toys
0.48
-0.07
-12.04%
HK:0635
Playmates Holdings
0.48
0.01
2.78%
HK:9992
Pop Mart International Group Limited
160.00
-79.95
-33.32%
HK:3830
Kiddieland International Ltd.
0.21
0.17
360.87%
HK:6918
Kidztech Holdings Ltd.
0.14
0.02
12.90%
Kader Holdings Co. Ltd. Corporate Events
Kader Holdings Sets 2026 AGM to Approve Accounts, Board Mandates and Capital Management Powers
Apr 24, 2026
Kader Holdings Company Limited has convened its annual general meeting for 26 June 2026 in Hong Kong, where shareholders will review the audited financial statements and reports for the year ended 31 December 2025, and vote on director re-election...
Kader Holdings Narrows Operating Loss but Net Result Remains Deep in Red
Mar 23, 2026
Kader Holdings reported revenue of HK$351.2 million for the year ended 31 December 2025, slightly higher than the HK$343.7 million recorded in 2024, supported by improved other revenue and net income compared with a loss in the previous year. Desp...
Kader Holdings Seeks Shareholder Approval for Overhaul of Bye-Laws
Mar 23, 2026
Kader Holdings Company Limited plans to adopt a third amended and restated set of bye-laws, replacing its current second amended and restated bye-laws, subject to shareholder approval by special resolution at the forthcoming annual general meeting...
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.
Disclaimer
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.