Kelfred Holdings Limited (1134) AI Stock Analysis

• Market Cap: HK$92.00M
• Dividend Yield: N/A
• Average Volume (3M): 451.07K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.02
• Revenue Growth: 26.06%
• EPS Growth: 13.23%
• Country: HK
• Employees: 1,025
• Sector: Healthcare
• Sector Strength: 45
• Industry: Medical - Instruments & Supplies
• EPS (TTM): >-0.01
• Shares Outstanding: 500,000,000
• 10 Day Avg. Volume: 274,000
• 30 Day Avg. Volume: 451,066
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: Hold
• Number of Analyst Covering: 1

• Rating: 44 Neutral
• Price Target: HK$0.00 ▼(-100.00% Downside)

Kelfred Holdings Limited's overall stock score is primarily impacted by its weak financial performance, characterized by declining revenue and negative profitability. The technical analysis indicates a bearish trend, with the stock trading below key moving averages and showing signs of being oversold. The valuation is unattractive due to a negative P/E ratio and lack of dividend yield. These factors collectively suggest significant challenges for the company, warranting caution 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 design, manufacture, and sales of optical products. The company offers a wide range of eyewear products including optical frames and sunglasses, serving both domestic and international markets. With a focus on quality and innovation, Kelfred Holdings Limited caters to various customer segments, providing tailored solutions to meet diverse optical needs.

How the Company Makes Money

Kelfred Holdings Limited generates revenue through the design, manufacturing, and sale of optical products such as eyeglass frames and sunglasses. The company operates primarily in the B2B sector, supplying its products to eyewear brands and distributors globally. Key revenue streams include direct sales of optical products and potentially custom design services offered to clients. The company's earnings are significantly influenced by its ability to maintain strong relationships with clients, manage production costs efficiently, and innovate in product design to meet changing consumer preferences.

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. While the balance sheet indicates low leverage, 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
EBITDA	-17.07M	14.24M	21.11M	13.11M	1.85M
Net Income	-21.63M	1.39M	9.18M	-2.14M	-13.52M
Balance Sheet
Total Assets	282.93M	264.00M	251.90M	268.13M	287.17M
Cash, Cash Equivalents and Short-Term Investments	27.81M	20.33M	46.40M	36.93M	76.38M
Total Debt	12.56M	15.22M	2.01M	4.00M	13.49M
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	12.54M	-20.32M	14.59M	-27.01M	16.68M
Operating Cash Flow	17.49M	-4.63M	19.28M	-21.87M	22.01M
Investing Cash Flow	-4.80M	-16.61M	-5.21M	-5.73M	-5.19M
Financing Cash Flow	-5.03M	-4.25M	-3.65M	-11.74M	-23.90M

Kelfred Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.18
• 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 Positive. The current price of 0.18 is below the 20-day moving average (MA) of 0.18, below the 50-day MA of 0.19, and below the 200-day MA of 0.21, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 48.31 is Neutral, neither overbought nor oversold. The STOCH value of 14.58 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1134.

Kelfred Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3600	74 Outperform	HK$4.85B	10.21	15.02%	3.83%	6.87%	18.37%
2276	67 Neutral	HK$19.52B	33.78	27.01%	0.83%	13.58%	24.59%
0876	45 Neutral	HK$277.32M	-8.87	―	―	-8.46%	45.13%
1134	44 Neutral	HK$92.00M	―	-8.72%	―	26.06%	13.23%
0907	37 Underperform	HK$36.66M	-1.81	659.22%	―	-39.73%	65.88%
Sector *	51 Neutral	$7.86B	-0.30	-43.30%	2.27%	22.53%	-2.21%

Kelfred Holdings Limited Corporate Events

Kelfred Holdings Limited AGM Resolutions Unanimously Approved

Kelfred Holdings Limited announced the successful completion of its Annual General Meeting held on May 29, 2025, where all proposed resolutions were unanimously approved by shareholders. These resolutions included the adoption of financial statements, reappointment of auditors, re-election of directors, and granting of mandates for share issuance and repurchase, reflecting strong shareholder support and potentially enhancing the company’s operational flexibility.