Want to see FMFC full AI Analyst Report?
Top Page
Kandal M Venture Limited Class A
(NASDAQ:FMFC)
Select Model
Select Model
Rating:49Neutral
Price Target:
$0.13
▼(-44.35% Downside)
Action:Reiterated
Date:10/09/26
The score is held back primarily by weakened financial quality—especially the swing to negative operating and free cash flow in 2026—along with bearish technicals (below key moving averages and negative MACD). These are partly offset by improved 2026 balance-sheet leverage and a relatively low P/E that supports valuation.
Positive Factors
Balance-sheet repair
The sharp reduction in debt and improvement in equity materially reduce financial strain compared with prior years. A stronger capital base should improve resilience, preserve financing flexibility, and give management more capacity to support operations and investment over the next several quarters.
Negative Factors
Negative cash generation
The reversal from positive to negative operating and free cash flow is a material concern for financial durability. It may constrain internally funded growth, increase reliance on external financing, and make reported earnings less reliable as a measure of cash available to the business.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet repair
The sharp reduction in debt and improvement in equity materially reduce financial strain compared with prior years. A stronger capital base should improve resilience, preserve financing flexibility, and give management more capacity to support operations and investment over the next several quarters.
Read all positive factors
Kandal M Venture Limited Class A (FMFC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.72M
Dividend YieldN/A
Average Volume (3M)1.64M
Price to Earnings (P/E)8.8
Beta (1Y)1.50
Revenue Growth-0.34%
EPS Growth12.17%
CountryUS
Employees1,264
SectorGeneral
Sector StrengthN/A
IndustryPersonal Products & Services
Share Statistics
EPS (TTM)N/A
Shares Outstanding15,300,000
10 Day Avg. Volume183,141
30 Day Avg. Volume1,637,293
Financial Highlights & Ratios
PEG Ratio-20.47
Price to Book (P/B)0.89
Price to Sales (P/S)0.42
P/FCF Ratio-3.72
Enterprise Value/Market Cap1.43
Enterprise Value/Revenue0.18
Enterprise Value/Gross Profit0.95
Enterprise Value/Ebitda5.35
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
Kandal M Venture Limited Class A Business Overview & Revenue Model
Company Description
Kandal M Venture Ltd. is a holding company, which engages in the manufacture of leather goods through its subsidiary. The firm's products include handbags, shoulder bags, crossbody bags, tote bags, backpacks, satchels, and wallets. It operates thr...
Kandal M Venture Limited Class A Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
55
Neutral
Cash Flow
38
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 17.13M | 17.19M | 13.97M | 13.47M |
| Gross Profit | 3.24M | 3.36M | 3.37M | 2.81M |
| EBITDA | 833.87K | 1.07M | 1.97M | 1.35M |
| Net Income | 235.63K | 209.67K | 1.12M | 744.50K |
Balance Sheet | ||||
| Total Assets | 11.21M | 10.07M | 10.18M | 5.89M |
| Cash, Cash Equivalents and Short-Term Investments | 3.58M | 102.70K | 235.35K | 361.47K |
| Total Debt | 87.63K | 5.26M | 7.43M | 1.12M |
| Total Liabilities | 3.16M | 9.69M | 10.01M | 6.84M |
| Stockholders Equity | 8.05M | 378.10K | 168.43K | -950.79K |
Cash Flow | ||||
| Free Cash Flow | -1.92M | 2.12M | 3.12M | 2.16M |
| Operating Cash Flow | -1.88M | 2.13M | 3.14M | 2.17M |
| Investing Cash Flow | -2.63M | -581.84K | -253.61K | -9.98K |
| Financing Cash Flow | 8.00M | -1.69M | -3.01M | -1.92M |
Kandal M Venture Limited Class A Technical Analysis
Negative
0.23
Price Trends
0.22
Negative
0.27
Negative
0.33
Negative
Market Momentum
-0.02
Positive
17.42
Positive
10.14
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FMFC, the sentiment is Negative. The current price of 0.23 is above the 20-day moving average (MA) of 0.19, above the 50-day MA of 0.22, and below the 200-day MA of 0.33, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 17.42 is Positive, neither overbought nor oversold. The STOCH value of 10.14 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FMFC.
Kandal M Venture Limited Class A Risk Analysis
Kandal M Venture Limited Class A disclosed 57 risk factors in its most recent earnings report. Kandal M Venture Limited Class A reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Kandal M Venture Limited Class A Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $3.86B | 12.06 | 19.07% | 1.27% | 0.59% | 191.78% | |
69 Neutral | $519.55M | 17.58 | 8.19% | 4.69% | 4.83% | 136.40% | |
57 Neutral | $418.70M | -5.45 | -69.12% | ― | -9.10% | -15.30% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | $143.61M | -5.01 | -37.58% | 17.73% | 6.41% | -893.45% | |
49 Neutral | $2.72M | 8.84 | 3.35% | ― | -0.34% | 12.17% |
* General Sector Average
FMFC
Kandal M Venture Limited Class A
0.13
-8.33
-98.48%
FOSL
Fossil Group
7.00
4.55
185.71%
MOV
Movado Group
31.99
14.68
84.84%
SIG
Signet Jewelers
105.89
10.83
11.40%
BRLT
Brilliant Earth Group
1.46
-0.89
-37.87%
Kandal M Venture Limited Class A Corporate Events
Kandal M Venture Limited Enacts 1-for-40 Share Consolidation to Preserve Nasdaq Listing
Oct 2, 2026
Kandal M Venture Limited has approved a 1-for-40 consolidation of its Class A and Class B ordinary shares, reducing the number of outstanding shares while increasing their par value. The board approved the move on August 28, 2026, and shareholders...
Kandal M Venture Shareholders Approve 1-for-40 Share Consolidation at September 22 EGM
Sep 28, 2026
On September 22, 2026, Kandal M Venture Limited held an Extraordinary General Meeting of Shareholders in Hong Kong, where approximately 90.68% of exercisable votes as of the August 27 record date were represented in person or by proxy. Shareholder...
Kandal M Venture Switches From Share Purchase to $2.5 Million Convertible Bond in Dumaine
Sep 25, 2026
On September 25, 2026, Kandal M Venture Limited terminated a previous sale and purchase agreement, originally entered on June 8, 2026, for the acquisition of a 15% stake in Dumaine International Ltd. by mutual consent with related parties Mr. Miao...
Kandal M Venture Limited Calls September EGM to Approve 40-for-1 Share Consolidation
Sep 4, 2026
On September 4, 2026, Kandal M Venture Limited reported to the U.S. Securities and Exchange Commission that it will convene an extraordinary general meeting of shareholders on September 22, 2026 in Hong Kong, with hybrid in-person and electronic p...
Kandal M Venture Limited Adds $750,000 Convertible Note and Signs Related-Party Deal LOIs on September 1, 2026
Sep 1, 2026
On September 1, 2026, Kandal M Venture Limited completed a third closing under its previously announced $25 million securities purchase agreement, issuing a $750,000 senior unsecured convertible promissory note maturing in 2029 at an initial conve...
Kandal M Venture Limited Posts Steady FY2026 Results and Secures Growth Capital for Tech-Driven Expansion
Jul 30, 2026
Kandal M Venture Limited reported financial results on July 30, 2026, for its fiscal year ended March 31, 2026, showing essentially flat revenue at US$17.1 million, down 0.3% year over year, and a slight decline in gross margin to 18.9% as higher ...
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.