K2 F&B Holdings Limited (HK:2108)
:2108
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K2 F&B Holdings Limited
(2108)
Select Model
Select Model
Rating:58Neutral
Price Target:
HK$0.29
▲(3.93% Upside)
Action:ReiteratedDate:01/07/26
The score is primarily held back by financial risks—2024 net margin compression and operating/free cash flow dropping to zero—despite solid revenue growth and improved gross/EBIT margins. Technical indicators also lean weak (below key moving averages with negative MACD), while valuation is moderately supportive with a P/E around 12.
Positive Factors
Diversified revenue model and brands
A broad portfolio of dining concepts plus direct sales, catering and franchising reduces single-segment dependency and supports steady revenue streams. This structural diversification improves resilience to demand shifts and enables scalable, asset-light expansion over the medium term.
Negative Factors
Operating and free cash flow deterioration
Zero operating and free cash flow undermine liquidity and constrain the firm's ability to fund operations, capex, or franchise roll-outs from internal cash. Reliance on external financing becomes more likely, raising long-term funding and execution risk if cash generation doesn't recover.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified revenue model and brands
A broad portfolio of dining concepts plus direct sales, catering and franchising reduces single-segment dependency and supports steady revenue streams. This structural diversification improves resilience to demand shifts and enables scalable, asset-light expansion over the medium term.
Read all positive factors
K2 F&B Holdings Limited (2108) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$332.00M
Dividend YieldN/A
Average Volume (3M)647.73K
Price to Earnings (P/E)4.3
Beta (1Y)0.13
Revenue Growth-4.47%
EPS Growth-58.44%
CountryHK
Employees321
SectorConsumer Cyclical
Sector Strength84
IndustryRestaurants
Share Statistics
EPS (TTM)0.07
Shares Outstanding800,000,000
10 Day Avg. Volume976,000
30 Day Avg. Volume647,733
Financial Highlights & Ratios
PEG Ratio-0.18
Price to Book (P/B)0.35
Price to Sales (P/S)0.54
P/FCF Ratio5.07
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 company that owns and operates food centers and food street. The Company operates through two segments: Outlet management, and Food and beverage stalls. Its Outlet management operation...
How the Company Makes Money
K2 F&B Holdings generates revenue primarily through the operation of its restaurant chains, which contribute significantly to its overall earnings. The company adopts a multi-faceted revenue model that includes direct sales from food and beverage ...
K2 F&B Holdings Limited Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
65
Positive
Cash Flow
50
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 54.62M | 57.17M | 55.74M | 47.29M | 37.39M | 34.90M |
| Gross Profit | 36.99M | 37.84M | 36.22M | 19.14M | 13.81M | 13.12M |
| EBITDA | 6.47M | 6.11M | 15.71M | 11.32M | 7.87M | 5.63M |
| Net Income | 3.18M | 2.81M | 7.31M | 5.67M | 4.57M | 2.19M |
Balance Sheet | ||||||
| Total Assets | 198.29M | 204.04M | 198.13M | 190.81M | 167.84M | 147.76M |
| Cash, Cash Equivalents and Short-Term Investments | 3.85M | 7.21M | 7.43M | 6.93M | 8.49M | 10.89M |
| Total Debt | 98.67M | 103.99M | 100.47M | 104.76M | 88.96M | 74.64M |
| Total Liabilities | 108.82M | 114.84M | 111.71M | 113.24M | 95.94M | 80.42M |
| Stockholders Equity | 89.49M | 89.23M | 86.42M | 77.57M | 71.90M | 67.33M |
Cash Flow | ||||||
| Free Cash Flow | 5.98M | 6.10M | 5.33M | 6.10M | 6.00M | 7.34M |
| Operating Cash Flow | 9.49M | 9.61M | 8.89M | 9.83M | 6.92M | 7.72M |
| Investing Cash Flow | 3.54M | -1.58M | 3.68M | -5.97M | -4.84M | -6.82M |
| Financing Cash Flow | -15.72M | -8.25M | -11.13M | -4.83M | -5.36M | -2.39M |
K2 F&B Holdings Limited Technical Analysis
Positive
0.28
Price Trends
0.34
Positive
0.32
Positive
0.28
Positive
Market Momentum
0.03
Negative
64.32
Neutral
66.67
Neutral
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 0.35, below the 50-day MA of 0.34, and below the 200-day MA of 0.28, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 64.32 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | HK$332.00M | 4.35 | 10.14% | ― | -4.47% | -58.44% | |
52 Neutral | HK$174.32M | -3.52 | -37.19% | 5.15% | -9.92% | -1260.00% | |
47 Neutral | HK$149.49M | -4.49 | 44.88% | ― | -18.92% | -2250.00% | |
45 Neutral | HK$185.42M | -2.05 | -1.85% | ― | -6.71% | 74.72% | |
45 Neutral | HK$138.21M | -4.43 | ― | ― | -58.36% | 6.25% | |
40 Underperform | HK$89.87M | -57.98 | ― | ― | -24.92% | ― |
* Consumer Cyclical Sector Average
HK:2108
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K2 F&B Holdings Limited Corporate Events
K2 F&B Holdings Announces Key Leadership Change
Nov 28, 2025
K2 FB Holdings Limited has announced a change in its company secretary and authorized representative roles. Mr. Man Yun Wah will be replaced by Ms. Lam Wing Chi, who has over 12 years of experience in corporate secretarial and compliance work, eff...
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.