K2 F&B Holdings Limited (HK:2108)
:2108
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K2 F&B Holdings Limited
(2108)
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Rating:68Neutral
Price Target:
HK$0.57
▲(102.50% Upside)
Action:Reiterated
Date:05/02/26
The score is supported by strong valuation (very low P/E) and constructive technical trend (price above major moving averages with positive MACD). These positives are tempered by uneven financial quality—declining revenue and weak operating cash conversion in 2025, alongside a still debt-heavy balance sheet.
Positive Factors
Improved profitability and ROE
Net margin strengthened to about 18.6% in 2025 and return on equity rose to ~9.5% from ~3.2% in 2024. Sustained earnings improvement and higher ROE indicate better operational efficiency and capital use, supporting capacity to reinvest or bolster shareholder returns over time.
Negative Factors
Revenue contraction
A ~7% revenue decline marks a reversal from prior expansion and signals weakening demand or competitive pressure. For a restaurant operator, lower top-line scale erodes operating leverage and can pressure margins and unit economics, making long-term margin sustainability and growth harder without strategic corrective action.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved profitability and ROE
Net margin strengthened to about 18.6% in 2025 and return on equity rose to ~9.5% from ~3.2% in 2024. Sustained earnings improvement and higher ROE indicate better operational efficiency and capital use, supporting capacity to reinvest or bolster shareholder returns over time.
Read all positive factors
K2 F&B Holdings Limited (2108) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$368.00M
Dividend YieldN/A
Average Volume (3M)647.73K
Price to Earnings (P/E)6.3
Beta (1Y)0.21
Revenue Growth-7.95%
EPS Growth248.79%
CountryHK
Employees321
SectorConsumer Cyclical
Sector Strength84
IndustryRestaurants
Share Statistics
EPS (TTM)0.01
Shares Outstanding800,000,000
10 Day Avg. Volume976,000
30 Day Avg. Volume647,733
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.41
Price to Sales (P/S)0.80
P/FCF Ratio8.06
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
K2 F&B Holdings Limited Business Overview & Revenue Model
Company Description
K2 F&B Holdings Limited is a Singapore-based food and beverage enterprise that oversees the management and operation of various food centers and hawker-style streets. The company's operations are divided into two main segments. Its Outlet Manageme...
How the Company Makes Money
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K2 F&B Holdings Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
45
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 51.51M | 57.17M | 55.74M | 47.29M | 37.39M |
| Gross Profit | 35.60M | 37.84M | 36.22M | 19.14M | 13.81M |
| EBITDA | 6.44M | 6.11M | 15.71M | 11.32M | 7.87M |
| Net Income | 9.56M | 2.81M | 7.31M | 5.67M | 4.57M |
Balance Sheet | |||||
| Total Assets | 204.58M | 204.04M | 198.13M | 190.81M | 167.84M |
| Cash, Cash Equivalents and Short-Term Investments | 5.45M | 7.21M | 7.43M | 6.93M | 8.49M |
| Total Debt | 95.76M | 103.99M | 100.47M | 104.76M | 88.96M |
| Total Liabilities | 105.81M | 114.84M | 111.71M | 113.24M | 95.94M |
| Stockholders Equity | 98.79M | 89.23M | 86.42M | 77.57M | 71.90M |
Cash Flow | |||||
| Free Cash Flow | 5.09M | 6.10M | 5.33M | 6.10M | 6.00M |
| Operating Cash Flow | 6.01M | 9.61M | 8.89M | 9.83M | 6.92M |
| Investing Cash Flow | -299.67K | -1.58M | 3.68M | -5.97M | -4.84M |
| Financing Cash Flow | -8.83M | -8.25M | -11.13M | -4.83M | -5.36M |
K2 F&B Holdings Limited Technical Analysis
Positive
0.28
Price Trends
0.47
Negative
0.41
Positive
0.35
Positive
Market Momentum
<0.01
Positive
45.42
Neutral
9.26
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2108, the sentiment is Positive. The current price of 0.28 is below the 20-day moving average (MA) of 0.48, below the 50-day MA of 0.47, and below the 200-day MA of 0.35, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 45.42 is Neutral, neither overbought nor oversold. The STOCH value of 9.26 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2108.
K2 F&B Holdings Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | HK$368.00M | 6.33 | 10.16% | ― | -7.95% | 248.79% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
55 Neutral | HK$3.01B | 18.42 | 6.13% | 6.90% | -4.50% | -29.15% | |
55 Neutral | HK$577.81M | 17.80 | 5.13% | 4.58% | -2.18% | 11.28% | |
52 Neutral | HK$273.87M | -4.41 | -8.37% | 17.91% | -4.39% | -13.65% | |
50 Neutral | HK$184.73M | 16.54 | 2.32% | 21.88% | 1.02% | -71.48% | |
43 Neutral | HK$302.96M | -0.90 | -51.41% | ― | -20.32% | 25.91% |
* Consumer Cyclical Sector Average
HK:2108
K2 F&B Holdings Limited
0.46
0.25
116.67%
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K2 F&B Holdings Limited Corporate Events
K2 F&B Completes Property Disposal and Activates Leaseback Arrangement
May 6, 2026
K2 FB Holdings Limited has completed a major transaction involving the disposal of a property, with all conditions under the disposal agreement satisfied and ownership of the asset transferring from the vendor on 6 May 2026. Following completion, ...
K2 F&B Sets 2026 AGM to Approve Results, Dividend and Capital Mandates
Apr 28, 2026
K2 FB Holdings Limited has convened its 2026 annual general meeting in Singapore to consider routine corporate matters, including the adoption of audited financial statements for the year ended 31 December 2025 and the approval of a final dividend...
K2 F&B Tightens Governance With New Three-Line Internal Control Framework
Apr 21, 2026
K2 FB Holdings Limited has completed a comprehensive review of its internal control framework, leading to the adoption of a revised internal control manual effective 26 January 2026. The overhaul centres on strengthening how the Group identifies, ...
K2 F&B Sets Final 2025 Dividend in Singapore Dollars
Mar 25, 2026
K2 FB Holdings Limited has declared a final ordinary dividend of SGD 0.003125 per share for the financial year ended 31 December 2025, with the currency of the dividend updated to Singapore dollars. The dividend, subject to shareholder approval on...
K2 F&B Holdings Swings to Stronger Profit in 2025 Despite Revenue Decline
Mar 24, 2026
K2 FB Holdings Limited, a Hong Kong-listed food and beverage group incorporated in the Cayman Islands, reported its audited consolidated results for the year ended 31 December 2025. The company earns revenue mainly from its FB activities, supporte...
K2 F&B Declares Final Dividend for 2025 With July 2026 Payout
Mar 24, 2026
K2 FB Holdings Limited has declared a final ordinary cash dividend of SDG 0.003125 per share for the financial year ended 31 December 2025, with the Hong Kong dollar equivalent and exchange rate to be announced. The dividend is subject to sharehol...
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.