Kiddieland International Ltd. (3830) AI Stock Analysis

• Market Cap: HK$106.00M
• Dividend Yield: N/A
• Average Volume (3M): 47.17K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.58
• Revenue Growth: -6.48%
• EPS Growth: -38.10%
• Country: HK
• Employees: 131
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Leisure
• EPS (TTM): <0.01
• Shares Outstanding: 1,000,000,000
• 10 Day Avg. Volume: 10,000
• 30 Day Avg. Volume: 47,166
• PEG Ratio: 1.57
• Price to Book (P/B): 2.45
• Price to Sales (P/S): 0.23
• P/FCF Ratio: 41.78
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 53 Neutral
• Price Target: HK$0.16 ▲(160.00% Upside)

The score is held back primarily by weak profitability and declining revenue, and a lack of valuation support given the negative P/E. These are partly offset by very low leverage and improved cash flow generation, while technicals are positive but look overheated, adding pullback risk.

Positive Factors

Very low leverage

An extremely low debt-to-equity ratio materially lowers financial risk and interest burden, giving management durable flexibility to fund operations, pursue capex or endure demand shocks without needing near-term refinancing. That conserves cash and preserves optionality.

Sharp improvement in free cash flow

A large rise in free cash flow indicates the company is converting operations into cash despite accounting losses, improving liquidity and ability to fund working capital, product investment, or returns to shareholders over the medium term without adding leverage.

Diversified revenue channels and licensing

Multiple sales channels (retail, online, exports) and licensing revenue reduce customer concentration and seasonal dependence, supporting more stable, repeatable sales and international expansion opportunities that strengthen the business model over time.

Negative Factors

Ongoing revenue declines

A persistent top-line decline signals weakening demand or competitive pressures; declining revenue constrains scale economics, limits ability to absorb fixed costs, and reduces headroom for reinvestment, making sustainable margin recovery and growth harder to achieve.

Negative profitability metrics

Sustained negative EBIT and net margins indicate the core business is not generating returns on sales, which erodes equity and limits retained earnings for growth. Without margin rehabilitation, the company may struggle to self-fund product development or marketing.

Limited cash available for reinvestment

A low free cash flow-to-net-income ratio means reported earnings are not translating into durable investable cash. That restricts capital allocation flexibility for R&D, inventory build, or marketing, potentially slowing product pipeline investment and long-term competitive positioning.

Kiddieland International Ltd. Business Overview & Revenue Model

Company Description

Kiddieland International Ltd. (3830) is a leading toy manufacturer specializing in the design and production of high-quality, innovative toys and recreational products for children. The company operates primarily within the toy and entertainment sectors, offering a diverse range of products including educational toys, electronic games, and outdoor play equipment. With a commitment to safety and creativity, Kiddieland aims to enhance childhood experiences through play.

How the Company Makes Money

Kiddieland International Ltd. generates revenue through multiple streams, primarily by selling its toys and recreational products to wholesalers and retailers worldwide. The company's revenue model is driven by direct sales to large retail chains, online marketplaces, and exports to international markets. Key revenue streams include bulk orders from distributors, seasonal sales during holidays, and ongoing partnerships with major retailers that feature Kiddieland products in their stores. Additionally, Kiddieland capitalizes on licensing agreements for branded merchandise, which contributes to its earnings. The company's focus on innovation, quality assurance, and safety compliance further strengthens its market position, allowing it to capture a loyal customer base and drive repeat purchases.

Kiddieland International Ltd. Financial Statement Overview

Summary

Mixed fundamentals: revenue has been declining (-2.82%) and profitability remains weak with negative net profit/EBIT margins (income statement score 45). Offsetting this, leverage is very low (debt-to-equity 0.0056; balance sheet score 55) and cash flow improved sharply (free cash flow growth +2293.33%; cash flow score 60), indicating better cash generation despite accounting losses.

Income Statement

Kiddieland International Ltd. has experienced declining revenue over the past few years, with a negative revenue growth rate of -2.82% in the latest year. The company has struggled with profitability, as evidenced by negative net profit and EBIT margins. However, there has been a slight improvement in EBITDA margin, indicating some operational efficiency gains.

Balance Sheet

The balance sheet shows a low debt-to-equity ratio of 0.0056, indicating low leverage and financial risk. However, the company has a negative return on equity, reflecting ongoing losses. The equity ratio is relatively stable, suggesting a solid capital structure despite profitability challenges.

Cash Flow

Cash flow analysis reveals a significant improvement in free cash flow growth, with a remarkable increase of 2293.33%. The operating cash flow to net income ratio is healthy, suggesting good cash generation relative to reported losses. However, the free cash flow to net income ratio remains low, indicating limited cash available for reinvestment or debt reduction.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	196.86M	196.86M	215.14M	176.23M	244.25M	301.90M
Gross Profit	29.41M	29.41M	32.69M	6.77M	10.39M	53.16M
EBITDA	5.16M	5.16M	4.04M	-34.95M	-47.23M	34.91M
Net Income	-6.99M	-6.99M	-7.34M	-50.55M	-65.54M	6.60M
Balance Sheet
Total Assets	53.67M	53.67M	58.30M	78.22M	181.42M	213.49M
Cash, Cash Equivalents and Short-Term Investments	6.97M	6.97M	7.34M	3.38M	8.64M	17.56M
Total Debt	103.00K	103.00K	2.80M	4.98M	56.05M	15.81M
Total Liabilities	35.30M	35.30M	31.19M	40.06M	87.52M	59.76M
Stockholders Equity	18.36M	18.36M	25.68M	34.78M	86.62M	153.73M
Cash Flow
Free Cash Flow	9.84M	1.08M	5.38M	41.71M	-32.83M	24.39M
Operating Cash Flow	12.88M	12.88M	13.12M	44.22M	-16.40M	36.73M
Investing Cash Flow	-11.81M	-11.81M	-6.24M	-287.00K	-21.45M	5.99M
Financing Cash Flow	-1.42M	-1.42M	-2.89M	-49.25M	30.55M	-33.93M

Kiddieland International Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.06
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3830, the sentiment is Positive. The current price of 0.06 is below the 20-day moving average (MA) of 0.07, below the 50-day MA of 0.06, and below the 200-day MA of 0.06, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 94.34 is Negative, neither overbought nor oversold. The STOCH value of 82.14 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:3830.

Kiddieland International Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
3830	53 Neutral	HK$106.00M	-17.70	-32.53%	―	-6.48%	-38.10%
8545	51 Neutral	HK$44.12M	-17.62	-1.26%	―	0.47%	-195.45%
1348	49 Neutral	HK$275.68M	-14.16	-50.25%	―	-61.76%	75.15%
0209	45 Neutral	HK$314.96M	-0.55	―	―	-7.53%	-93.37%
6918	42 Neutral	HK$123.66M	-1.65	-19.89%	―	84.26%	44.41%
0765	40 Neutral	HK$137.31M	-6.65	-36.17%	―	-13.96%	64.58%

Kiddieland International Ltd. Corporate Events

Kiddieland Announces Age-Related Resignation of Executive Director Victor Lo

Kiddieland International Ltd. has announced the resignation of executive director Mr. Lo Hung (Victor Lo), effective 24 December 2025, citing age as the reason for his departure. The company emphasized that Mr. Lo has no disagreement with the board and that there are no other matters related to his resignation requiring shareholder or exchange attention, while the board expressed gratitude for his contributions, indicating an orderly leadership transition within its executive ranks.

The most recent analyst rating on (HK:3830) stock is a Hold with a HK$0.06 price target. To see the full list of analyst forecasts on Kiddieland International Ltd. stock, see the HK:3830 Stock Forecast page.

Kiddieland Updates Board and Committee Line-Up to Strengthen Governance

Kiddieland International Limited has updated the composition of its board of directors effective 24 December 2025, confirming a three-member executive team led by Chairwoman Lo Shiu Shan Suzanne and three independent non-executive directors, underscoring the company’s adherence to independent oversight in line with Hong Kong listing norms. The company has also set out the latest memberships of its Audit, Remuneration and Nomination Committees, with independent non-executive directors chairing all three committees and executive director Sin Lo Siu Wai Sylvia serving on the Remuneration and Nomination Committees, a structure that reinforces corporate governance, segregation of duties and board accountability to shareholders.

The most recent analyst rating on (HK:3830) stock is a Hold with a HK$0.06 price target. To see the full list of analyst forecasts on Kiddieland International Ltd. stock, see the HK:3830 Stock Forecast page.

Kiddieland Interim Profit Declines on Lower Revenue and Margins

Kiddieland International Limited reported unaudited interim results for the six months ended 31 October 2025, with revenue slipping to HK$128.7 million from HK$136.1 million a year earlier and gross profit declining to HK$21.8 million from HK$23.7 million, reflecting softer top-line performance. Operating profit fell to HK$4.7 million from HK$6.7 million and profit attributable to owners dropped to HK$3.9 million from HK$5.5 million, while basic and diluted earnings per share eased to HK0.4 cents from HK0.6 cents, underscoring pressure on margins and profitability despite relatively stable operating expenses; total comprehensive income also decreased, signalling a weaker interim showing that may concern shareholders monitoring the company’s earnings trajectory.

The most recent analyst rating on (HK:3830) stock is a Hold with a HK$0.06 price target. To see the full list of analyst forecasts on Kiddieland International Ltd. stock, see the HK:3830 Stock Forecast page.

Kiddieland International Schedules Board Meeting for Interim Results

Kiddieland International Ltd. has announced a board meeting scheduled for December 19, 2025, to discuss and approve the interim results for the six months ending October 31, 2025. The meeting will also consider the declaration of an interim dividend, which could impact the company’s financial strategy and shareholder returns.

The most recent analyst rating on (HK:3830) stock is a Hold with a HK$0.06 price target. To see the full list of analyst forecasts on Kiddieland International Ltd. stock, see the HK:3830 Stock Forecast page.

Kiddieland International Ltd. Renews Tenancy Agreement with Top Dragon

Kiddieland International Ltd. has entered into a Renewal Tenancy Agreement with Top Dragon for leasing office premises for one year starting November 2025. This agreement is considered a continuing connected transaction due to the ownership of Top Dragon by executive directors of Kiddieland. The rental terms are consistent with market rates and previous agreements, and the transaction is exempt from independent shareholder approval but requires announcement and reporting under the Listing Rules.