Kingmaker Footwear Holdings (1170) AI Stock Analysis

• Market Cap: HK$370.93M
• Dividend Yield: 3.86%
• Average Volume (3M): 249.38K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.39
• Revenue Growth: -9.20%
• EPS Growth: -268.90%
• Country: HK
• Employees: 6,400
• Sector: Consumer Cyclical
• Sector Strength: 74
• Industry: Apparel - Footwear & Accessories
• EPS (TTM): -0.03
• Shares Outstanding: 671,607,400
• 10 Day Avg. Volume: 637,600
• 30 Day Avg. Volume: 249,375
• PEG Ratio: 0.06
• Price to Book (P/B): 0.51
• Price to Sales (P/S): 0.86
• P/FCF Ratio: -62.98
• 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: 45 Neutral
• Price Target: HK$0.50 ▼(-10.71% Downside)

Kingmaker Footwear Holdings' overall stock score is primarily impacted by its weak financial performance, characterized by declining revenues and profitability. The technical analysis indicates a bearish trend, further weighing on the score. Valuation concerns are evident with a negative P/E ratio, although the dividend yield offers some relief. The absence of earnings call insights and corporate events limits additional context.

Kingmaker Footwear Holdings Business Overview & Revenue Model

Company Description

Kingmaker Footwear Holdings (1170) is a leading player in the footwear industry, specializing in the design, manufacture, and distribution of a diverse range of footwear products. The company operates primarily in the athletic and casual footwear sectors, catering to both men and women. With a commitment to quality and innovation, Kingmaker Footwear Holdings offers an extensive portfolio that includes running shoes, lifestyle sneakers, and specialized footwear for sports enthusiasts. The company aims to capture market share through its strategic branding and marketing initiatives, targeting a global customer base.

How the Company Makes Money

Kingmaker Footwear Holdings generates revenue primarily through the sale of its footwear products across various channels, including wholesale distribution to retailers, direct-to-consumer sales through its online platform, and partnerships with major sporting goods stores. Key revenue streams include the sale of branded athletic shoes and casual footwear, which are priced based on quality and market demand. The company also benefits from licensing agreements and collaborations with well-known athletes and brands, enhancing its market presence and driving sales. Additionally, seasonal promotions and marketing campaigns play a significant role in boosting consumer interest and revenue during peak shopping periods.

Kingmaker Footwear Holdings Financial Statement Overview

Summary

Kingmaker Footwear Holdings faces significant challenges with declining revenue and weak profit margins despite a strong balance sheet and positive operating cash flow. The company needs to address operational inefficiencies to improve profitability.

Income Statement

The company's revenue has shown significant volatility, with a sharp decline from 2023 to 2024. The gross profit margin is relatively low, indicating cost pressures or inefficiencies. The net profit margin improved from a loss in prior years to a positive in 2024, but this is partly due to reduced revenue base. EBIT and EBITDA margins are weak, reflecting ongoing operational challenges.

Balance Sheet

The company maintains a strong equity position with a low debt-to-equity ratio, indicating financial stability. The equity ratio is healthy, suggesting a strong buffer against liabilities. However, the overall asset base has declined, which may impact future growth opportunities.

Cash Flow

Operating cash flow is positive, signaling improved cash generation capabilities, although free cash flow has decreased significantly from 2023. The free cash flow to net income ratio suggests cash flow is not fully aligned with earnings, highlighting potential liquidity concerns.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	632.30M	625.88M	689.27M	1.06B	842.69M	804.72M
Gross Profit	10.22M	-11.38M	29.11M	89.58M	25.16M	38.20M
EBITDA	-42.33M	-21.09M	15.99M	23.10M	-41.76M	102.44M
Net Income	-14.65M	-33.89M	20.22M	53.41M	-18.04M	88.10M
Balance Sheet
Total Assets	1.44B	1.39B	1.51B	1.59B	1.66B	1.64B
Cash, Cash Equivalents and Short-Term Investments	323.35M	352.69M	415.58M	392.65M	304.43M	377.87M
Total Debt	4.93M	4.38M	2.10M	2.60M	18.84M	930.00K
Total Liabilities	312.37M	322.63M	323.85M	373.30M	437.59M	388.15M
Stockholders Equity	1.12B	1.06B	1.17B	1.21B	1.21B	1.24B
Cash Flow
Free Cash Flow	-60.80M	-8.53M	33.66M	124.46M	-59.12M	-33.73M
Operating Cash Flow	-48.52M	4.03M	45.04M	136.58M	-44.27M	-23.45M
Investing Cash Flow	142.88M	67.35M	2.91M	-213.76M	133.54M	62.96M
Financing Cash Flow	-66.02M	-75.14M	-28.82M	-45.97M	-18.96M	-33.59M

Kingmaker Footwear Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.56
• 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:1170, the sentiment is Negative. The current price of 0.56 is below the 20-day moving average (MA) of 0.59, below the 50-day MA of 0.60, and below the 200-day MA of 0.66, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 40.31 is Neutral, neither overbought nor oversold. The STOCH value of 17.78 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1170.

Kingmaker Footwear Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1836	81 Outperform	HK$13.10B	9.41	15.89%	7.65%	3.18%	18.35%
0210	74 Outperform	HK$1.05B	9.09		3.77%	―	―
0551	74 Outperform	HK$20.12B	6.60	9.04%	10.59%	3.35%	42.58%
1731	72 Outperform	HK$918.40M	3.99	18.71%	8.43%	16.66%	99.90%
Sector *	56 Neutral	HK$24.69B	3.85	-3.23%	5.89%	0.30%	-59.75%
0676	50 Neutral	HK$752.57M	261.76	-1.37%	0.97%	-3.15%	-330.61%
1170	45 Neutral	HK$370.93M	―	-3.04%	3.86%	-9.20%	-268.90%

Kingmaker Footwear Holdings Corporate Events

Kingmaker Footwear Announces AGM and Key Resolutions

Kingmaker Footwear Holdings Limited has announced its upcoming annual general meeting scheduled for August 28, 2025, where it will address several key business matters. These include the consideration of audited financial statements, approval of a special final dividend, re-election of directors, and re-appointment of auditors. Additionally, the meeting will discuss a resolution to authorize the company to repurchase its own securities, which could impact its market operations and shareholder value.

Kingmaker Footwear Reports Significant Decline in Annual Results

Kingmaker Footwear Holdings Limited reported its annual results for the year ended March 31, 2025, showing a significant decline in financial performance. The company experienced a 9.2% decrease in revenue to HK$625.9 million and reported a gross loss of HK$11.4 million, a stark contrast to the previous year’s gross profit. The net loss attributable to equity holders was HK$33.9 million, compared to a profit of HK$20.2 million in the prior year. Earnings per share also fell to a loss of HK5.05 cents from a profit of HK3.00 cents. The total dividends per share for the year decreased by 55.6% to HK4.0 cents. These results indicate challenges in the company’s operational efficiency and market conditions, potentially impacting stakeholders’ confidence.

Kingmaker Footwear Declares Special Final Dividend for FY2025

Kingmaker Footwear Holdings Limited has announced a special final dividend of HKD 0.02 per share for the financial year ending March 31, 2025. This announcement reflects the company’s financial health and commitment to returning value to its shareholders, with the payment scheduled for September 29, 2025.

Kingmaker Footwear Enhances Governance with Revised Nomination Committee Terms

Kingmaker Footwear Holdings Limited has revised the terms of reference for its Nomination Committee, emphasizing the importance of board diversity and effective governance. The committee is tasked with formulating nomination policies, reviewing board composition, and ensuring the board’s structure aligns with the company’s corporate strategy. This move is expected to enhance the company’s governance practices and support its strategic objectives, potentially impacting its market positioning and stakeholder confidence.

Kingmaker Footwear Proposes Bye-law Amendments for Modernization

Kingmaker Footwear Holdings Limited has announced proposed amendments to its bye-laws to align with regulatory requirements, including the expanded paperless listing regime and electronic voting. These changes aim to modernize the company’s governance framework and will be subject to shareholder approval at the upcoming annual general meeting.

Kingmaker Footwear Holdings Announces Upcoming Board Meeting

Kingmaker Footwear Holdings Limited has announced a board meeting scheduled for June 30, 2025, to discuss several key matters, including the approval of the audited consolidated final results for the year ended March 31, 2025, and the consideration of a final dividend. The meeting will also address the potential closure of the register of members and the convening of the annual general meeting. These discussions are crucial for the company’s financial reporting and shareholder engagement, potentially impacting dividend decisions and future company strategies.

Kingmaker Footwear Issues Profit Warning Amid Market Challenges

Kingmaker Footwear Holdings Limited has issued a profit warning, indicating a projected loss of HK$33 million to HK$38 million for the year ending March 31, 2025, due to decreased revenue, increased labor costs, and a fair value loss on investment properties. Despite these challenges, the company plans to maintain strategic investments in manufacturing and focus on high-value products to strengthen its long-term market position, amid ongoing uncertainties such as the US tariff regime on footwear products from Vietnam and Cambodia.

Kingmaker Footwear Announces Change in Share Registrar Office

Kingmaker Footwear Holdings Limited has announced a change in its Hong Kong branch share registrar and transfer office, effective from July 1, 2025. The new registrar will be Tricor Investor Services Limited, and this change requires shareholders to lodge applications for registration of transfer of shares with the new office starting July 2, 2025. This transition is expected to streamline the company’s share registration processes and potentially improve shareholder services.