KMD Brands Limited (KD2) Stock Price & Analysis
KD2 Stock Chart & Stats
- Day’s Range
- EUR 0.01 - EUR 0.01
- 52-Week Range
- EUR 0.01 - EUR 2.80
- Previous Close
- EUR 0.01
- Volume
- N/A
- Average Volume (3M)
- 0
- Market Cap
- EUR 67.65M
- Enterprise Value
- EUR 460.32M
- Total Cash (Recent Filing)
- EUR 41.00M
- Total Debt (Recent Filing)
- EUR 364.29M
- Price to Earnings (P/E)
- ―
- Beta
- -33.42
- Next Earnings
- Mar 22, 2027 (Est.)
- EPS Estimate
- -0.02
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Turnaround Execution And Cost Discipline
The sharp EBITDA recovery and savings delivered above target indicate that the Next Level turnaround is improving operating leverage, not merely relying on sales growth. Lower costs and better expense control can support more resilient profitability as management continues its multi-year efficiency program.
Brand And Digital Channel Momentum
Growth across Kathmandu and the digital channel demonstrates improving brand engagement and broader customer reach through owned platforms. Higher online penetration, better technology and stronger product execution can expand direct-to-consumer economics and provide a durable foundation for future sales productivity.
Refinanced Balance Sheet And Covenant Compliance
The equity raise and extended debt facility materially improve near-term funding capacity and reduce refinancing pressure. Covenant compliance and additional facility headroom give KMD more flexibility to execute its turnaround, invest selectively, and manage uneven trading across its brand portfolio.
Bears Say
Severe Statutory Loss And Impairment
The very large statutory loss and impairment reveal that the carrying value of KMD’s brands and goodwill has been materially reset after prolonged weak performance. Although non-cash, the charge reflects reduced confidence in historical earnings power and leaves profitability recovery still unproven.
Weak Cash Conversion And Increased Financial Strain
Zero free cash flow limits the funds available for debt reduction, reinvestment and shareholder returns, making the turnaround more dependent on improved trading. Combined with equity erosion and higher leverage, weaker cash conversion reduces financial resilience if consumer demand or margins deteriorate.
Uneven Brand Demand And Persistent Cost Pressures
Weakness at Rip Curl and especially Ozmosis shows that the portfolio is not recovering evenly, increasing the need for remediation and store rationalisation. Tariffs and inflation add further pressure to product economics, potentially limiting the durability of projected margin expansion and sales growth.
KMD Brands Limited News
KD2 FAQ
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Company Description
KMD Brands Limited
KMD Brands Ltd. engages in the design, marketing, retail, and wholesale of apparel, footwear, and equipment for surfing and the outdoors. It operates through the following segments: Rip Curl, Kathmandu, Oboz, and Corporate. The Rip Curl segment includes surfing equipment and apparel. The Oboz segment refers to outdoor footwear. The Corporate segment represents groups other business activities. The company was founded in 1987 and is headquartered in Christchurch, New Zealand.
- Sector
- Consumercyclical
- Industry
- Apparel - Manufacturers
- CEO
- Brent Scrimshaw
- Employees
- 4,752
- Website
- www.kmdbrands.com
- Address
- 223 Tuam Street, Christchurch, CA, 8011, NZ
KMD Brands Limited (KD2) Earnings & Revenues
KD2 Earnings Call
Earnings Call SentimentPositive
The call was predominantly positive, with management highlighting the first year of the Next Level turnaround, strong sales growth across all three brands, substantial underlying EBITDA improvement, cost savings above target, improved inventory productivity, technology completion and stronger FY 2027 EBITDA guidance. However, the statutory loss, large impairment, limited constant-currency sales growth, challenging consumer environment, Rip Curl constant-currency decline, Ozmosis weakness, elevated working capital and ongoing tariff and inflation pressures remain material challenges.
View all DE:KD2 earnings summariesTechnical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 6 | 1 | 10 |
| Technical Analysis | 4 | 1 | 2 |
| Moving Averages | 2 | 0 | 8 |
