Kingboard Laminates Holdings (HK:1888)
:1888
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Kingboard Laminates Holdings
(1888)
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Rating:74Outperform
Price Target:
HK$16.00
Action:UpgradedDate:01/22/26
The score is driven primarily by solid financial performance—especially strong free cash flow generation and improving operating metrics—alongside bullish technical trend signals. Valuation tempers the outlook due to a relatively high P/E, partially offset by a strong dividend yield.
Positive Factors
Strong free cash flow generation
Sustained, large FCF growth and a 0.71 FCF-to-net-income ratio indicate durable cash generation. This supports capex funding, dividends and debt repayment without relying on external financing, improving long-term financial flexibility and strategic optionality.
Negative Factors
Relatively low net profit margin
A modest net margin and middling ROE constrain the company's ability to generate high returns on incremental sales. This limits internal funding for growth and makes profitability vulnerable to input-cost pressure, reducing long-term earnings leverage for shareholders.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow generation
Sustained, large FCF growth and a 0.71 FCF-to-net-income ratio indicate durable cash generation. This supports capex funding, dividends and debt repayment without relying on external financing, improving long-term financial flexibility and strategic optionality.
Read all positive factors
Kingboard Laminates Holdings (1888) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$61.99B
Dividend Yield5.22%
Average Volume (3M)12.91M
Price to Earnings (P/E)16.9
Beta (1Y)1.06
Revenue Growth12.80%
EPS Growth26.26%
CountryHK
Employees9,900
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)0.48
Shares Outstanding3,135,325,000
10 Day Avg. Volume9,089,293
30 Day Avg. Volume12,905,985
Financial Highlights & Ratios
PEG Ratio0.35
Price to Book (P/B)1.47
Price to Sales (P/S)1.21
P/FCF Ratio11.63
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$30.00Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)1.29
Revenue Forecast (FY)HK$27.95B
Kingboard Laminates Holdings Business Overview & Revenue Model
Company Description
Kingboard Laminates Holdings Limited (1888) is a leading manufacturer of laminates and printed circuit boards (PCBs) based in Hong Kong. The company operates primarily in the electronics and construction sectors, producing a variety of high-qualit...
How the Company Makes Money
Kingboard Laminates generates revenue primarily through the sale of its laminate products and PCBs to various industries, including electronics, construction, and furniture manufacturing. The company's revenue model is supported by a diverse range...
Kingboard Laminates Holdings Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
70
Positive
Cash Flow
80
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 19.49B | 18.54B | 16.75B | 22.36B | 28.80B | 17.30B |
| Gross Profit | 3.34B | 3.28B | 2.68B | 5.09B | 9.80B | 4.71B |
| EBITDA | 2.99B | 2.94B | 2.37B | 4.29B | 9.20B | 4.33B |
| Net Income | 1.53B | 1.33B | 907.40M | 1.91B | 6.78B | 2.80B |
Balance Sheet | ||||||
| Total Assets | 24.93B | 23.11B | 23.56B | 24.30B | 29.82B | 26.38B |
| Cash, Cash Equivalents and Short-Term Investments | 3.22B | 3.46B | 3.71B | 3.87B | 3.32B | 5.84B |
| Total Debt | 4.47B | 3.28B | 4.45B | 4.40B | 2.72B | 1.16B |
| Total Liabilities | 9.96B | 7.74B | 8.59B | 9.23B | 10.76B | 11.99B |
| Stockholders Equity | 14.94B | 15.34B | 14.95B | 15.05B | 19.04B | 14.33B |
Cash Flow | ||||||
| Free Cash Flow | 1.30B | 1.93B | 197.12M | 3.37B | 3.94B | 2.18B |
| Operating Cash Flow | 2.08B | 2.71B | 823.72M | 5.53B | 6.03B | 2.91B |
| Investing Cash Flow | -1.57B | -809.93M | -739.33M | -2.33B | -2.32B | 3.30B |
| Financing Cash Flow | -1.76B | -1.93B | -1.32B | -3.14B | -6.34B | -3.71B |
Kingboard Laminates Holdings Technical Analysis
―
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1888, the sentiment is undefined. The current price of undefined is equal to the 20-day moving average (MA) of ―, equal to the 50-day MA of ―, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of ― indicates undefined momentum. The RSI at ― is undefined, neither overbought nor oversold. The STOCH value of ― is undefined, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a undefined sentiment for HK:1888.
Kingboard Laminates Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | HK$3.24B | 11.70 | 8.69% | 3.25% | 19.25% | -10.14% | |
74 Outperform | HK$61.99B | 16.86 | 15.61% | 5.22% | 12.80% | 26.26% | |
67 Neutral | HK$2.76B | 1.00 | 93.70% | 46.02% | 12.26% | 2497.49% | |
66 Neutral | HK$2.54B | 20.59 | 6.63% | 1.01% | 46.98% | 130.04% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | HK$2.88B | 12.09 | 2.88% | 9.26% | 2.59% | 0.23% | |
59 Neutral | HK$9.24B | 6.18 | 9.13% | 3.00% | 17.21% | 166.36% |
* Technology Sector Average
HK:1888
Kingboard Laminates Holdings
19.77
12.93
189.12%
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-10.05%
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49.67%
Kingboard Laminates Holdings Corporate Events
Kingboard Laminates Reshapes Board With New Independent Director Appointment
Dec 30, 2025
Kingboard Laminates Holdings has announced a change in its independent non-executive director lineup, with long-serving INED Mr. Ip Shu Kwan, Stephen resigning from the board and from his roles on the remuneration, audit and nomination committees,...
Kingboard Laminates Confirms 2025 Board Line-Up and Committee Roles
Dec 30, 2025
Kingboard Laminates Holdings Limited has announced the composition of its board of directors effective 31 December 2025, confirming a leadership team led by Chairman Cheung Kwok Wa and Managing Director Cheung Kwok Keung alongside a slate of execu...
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.