Kelfred Holdings Limited (1134) AI Stock Analysis

• Market Cap: HK$88.00M
• Dividend Yield: N/A
• Average Volume (3M): 513.20K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.13
• Revenue Growth: 15.33%
• EPS Growth: -1646.43%
• Country: HK
• Employees: 1,025
• Sector: Healthcare
• Sector Strength: 48
• Industry: Medical - Instruments & Supplies
• EPS (TTM): -0.02
• Shares Outstanding: 500,000,000
• 10 Day Avg. Volume: 1,112,000
• 30 Day Avg. Volume: 513,200
• PEG Ratio: -0.07
• Price to Book (P/B): 1.85
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 23.65
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 41 Neutral
• Price Target: ―

Kelfred Holdings Limited is experiencing severe financial difficulties characterized by declining revenue and negative profitability, which are critical issues. The technical analysis suggests a bearish trend, with the stock trading below key moving averages. Valuation metrics are unfavorable due to the negative P/E ratio and lack of dividend yield, highlighting significant risks for potential investors.

Kelfred Holdings Limited Business Overview & Revenue Model

Company Description

Kelfred Holdings Limited (1134) is a Hong Kong-based company primarily engaged in the manufacturing and distribution of eyewear products. The company focuses on offering a wide range of optical frames and sunglasses, catering to various market segments. Kelfred Holdings Limited serves an international client base, distributing its products to retailers and wholesalers worldwide.

How the Company Makes Money

Kelfred Holdings Limited generates revenue through the design, manufacturing, and sale of eyewear products, including optical frames and sunglasses. The company's key revenue streams include sales to wholesalers and retailers, which distribute its products globally. Kelfred leverages its manufacturing facilities to produce high-quality eyewear, which is then sold under various brands. The company may also engage in partnerships or collaborations with fashion brands for co-branded eyewear collections, contributing to its revenue. Factors such as the company's ability to maintain competitive pricing, innovate in design, and ensure timely delivery significantly impact its earnings.

Kelfred Holdings Limited Financial Statement Overview

Summary

Kelfred Holdings Limited is facing significant financial challenges, with declining revenue and negative profitability impacting overall financial health. The balance sheet indicates low leverage, but the negative return on equity suggests inefficiencies in generating profits. The cash flow situation is concerning, with zero operating and free cash flows, indicating potential liquidity risks.

Income Statement

Kelfred Holdings Limited shows declining revenue and profitability. The revenue decreased by 2.54% in 2024 compared to 2023. Gross profit margin fell to 9.84% in 2024 from 14.5% in 2023. Net profit margin turned negative at -4.77% in 2024, significantly down from 0.35% in 2023. The company also reported negative EBIT (-4.29%) and EBITDA (-3.77%) margins in 2024, indicating operational struggles.

Balance Sheet

The balance sheet reflects moderate stability with a debt-to-equity ratio of 0.08 in 2024, indicating low leverage. However, the return on equity is negative at -13.83%, highlighting unprofitability. The equity ratio is 55.28%, showing a strong equity position but a decrease from 2023's 69.38%, indicating increased liabilities relative to assets.

Cash Flow

Kelfred Holdings Limited exhibits weak cash flow performance with a negative free cash flow in 2024. Free cash flow was zero, compared to -20323000 in 2023. Operating cash flow to net income and free cash flow to net income ratios are indeterminate due to zero operating and free cash flows, signaling cash flow management concerns.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
453.58M	393.28M	465.43M	434.73M	354.18M
	Gross Profit
44.66M	56.98M	76.02M	68.44M	60.14M
	EBIT
-19.46M	3.83M	11.40M	-1.12M	-9.63M
	EBITDA
-17.07M	14.24M	21.11M	13.11M	1.85M
	Net Income Common Stockholders
-21.63M	1.39M	9.18M	-2.14M	-13.52M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
27.81M	20.33M	46.40M	36.93M	76.38M
	Total Assets
282.93M	264.00M	251.90M	268.13M	287.17M
	Total Debt
12.56M	15.22M	2.01M	4.00M	13.49M
	Net Debt
-15.25M	-5.12M	-44.40M	-32.93M	-62.89M
	Total Liabilities
126.49M	80.81M	65.32M	81.80M	101.95M
	Stockholders Equity
156.43M	183.19M	186.57M	186.33M	185.22M
Cash Flow		Free Cash Flow
0.00	-20.32M	14.59M	-27.01M	16.68M
	Operating Cash Flow
0.00	-4.63M	19.28M	-21.87M	22.01M
	Investing Cash Flow
0.00	-16.61M	-5.21M	-5.73M	-5.19M
	Financing Cash Flow
0.00	-4.25M	-3.65M	-11.74M	-23.90M

Kelfred Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.19
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1134, the sentiment is Negative. The current price of 0.19 is above the 20-day moving average (MA) of 0.18, above the 50-day MA of 0.19, and below the 200-day MA of 0.24, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 42.51 is Neutral, neither overbought nor oversold. The STOCH value of 11.37 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1134.

Kelfred Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3306	76 Outperform	$8.39B	9.08	37.41%	5.34%	5.01%	3.59%
1801	61 Neutral	$127.34B	―	-0.72%	―	49.33%	90.96%
Sector *	54 Neutral	$5.25B	3.27	-44.35%	6.27%	16.79%	-0.10%
0617	47 Neutral	HK$362.24M	―	-18.37%	―	-2.69%	-53.59%
1911	46 Neutral	$2.35B	―	-2.94%	―	12.09%	60.49%
1134	41 Neutral	HK$88.00M	―	-12.74%	―	15.33%	-1646.43%
1966	38 Underperform	$451.86M	―	-136.31%	―	88.91%	1.89%

Kelfred Holdings Limited Corporate Events

Kelfred Holdings Limited Announces AGM and Key Resolutions

Kelfred Holdings Limited has announced its upcoming Annual General Meeting (AGM) scheduled for May 29, 2025, in Hong Kong. The meeting will address several key resolutions including the adoption of the company’s audited financial statements for the year ending December 31, 2024, the reappointment of ZHONGHUI ANDA CPA Limited as auditors, and the re-election of directors. Additionally, the company seeks approval for a general mandate to issue new shares, which could potentially impact its capital structure and shareholder value.

Kelfred Holdings Reports 2024 Financial Results with Increased Revenue but Net Loss

Kelfred Holdings Limited announced its audited financial results for the year ended 31 December 2024, revealing a challenging year with a revenue increase to HK$453.6 million from HK$393.3 million in 2023. Despite the revenue growth, the company reported a net loss of HK$21.6 million, a significant decline from a profit of HK$1.4 million in the previous year, primarily due to increased costs and reduced other incomes.

Kelfred Holdings Issues Profit Warning Amid Competitive Market Challenges

Kelfred Holdings Limited has issued a profit warning, indicating an expected net loss of approximately HK$21.6 million for the year ended 31 December 2024, compared to a net profit of HK$1.4 million in the previous year. The loss is attributed to a reduction in gross profit margin due to competitive market conditions, lack of demolition compensation in the PRC, and decreased exchange gains. The company is finalizing its annual results, with a board meeting scheduled for 27 March 2025 to approve the results and consider a final dividend.