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Kingboard Holdings (0148) AI Stock Analysis
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Kingboard Holdings
(HKEX:0148)
Overall score is held back primarily by weakened cash generation and negative free cash flow in the latest period, despite a solid balance sheet and improving (but still compressed) profitability. Technicals are moderately supportive with improving near-term momentum, and valuation appears reasonable with a mid-range P/E and a ~3% dividend yield.
Kingboard Holdings (0148) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 7.07B
- Dividend Yield
- 3.78%
- Average Volume (3M)
- 24.42M
- Price to Earnings (P/E)
- 10.8
- Beta (1Y)
- 0.10
- Revenue Growth
- 19.45%
- EPS Growth
- 67.46%
- Country
- Hong Kong
- Employees
- 34,000
- Sector
- Industrials
- Sector Strength
- 63
- Industry
- Chemicals - Specialty
Kingboard Holdings Business Overview & Revenue Model
Company Description
Kingboard Holdings Limited, an investment holding company founded in 1988 and headquartered in Sha Tin, Hong Kong, maintains a diversified business portfolio. Its core industrial activities involve the manufacturing and sale of laminates and printed...
How the Company Makes Money
Kingboard Holdings primarily makes money by manufacturing and selling industrial materials and chemicals, with revenue largely tied to (1) electronics materials and (2) chemical products. 1) Electronics materials (PCB materials) - Core products: The...
Kingboard Holdings Financial Statement Overview
Summary
Balance sheet strength (Score 72) with moderate leverage is offset by weak cash-flow quality (Cash Flow Score 45), including a sharp drop in operating cash flow and negative free cash flow in 2025. Income statement trends are improving but still cyclical (Income Statement Score 63) with margins meaningfully below prior peaks despite the 2025 rebound.
Income Statement
63PositiveBalance Sheet
72PositiveCash Flow
45Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 52.90B | 45.38B | 43.09B | 39.71B | 49.38B | 56.76B |
| Gross Profit | 11.59B | 7.93B | 8.49B | 7.59B | 12.37B | 18.82B |
| EBITDA | 10.33B | 6.56B | 7.04B | 5.90B | 8.91B | 17.54B |
| Net Income | 4.53B | 4.40B | 1.63B | 2.06B | 3.66B | 10.78B |
Balance Sheet | ||||||
| Total Assets | 132.23B | 103.88B | 97.78B | 98.97B | 97.29B | 103.82B |
| Cash, Cash Equivalents and Short-Term Investments | 30.19B | 11.96B | 10.84B | 12.99B | 11.40B | 10.07B |
| Total Debt | 30.87B | 22.80B | 21.71B | 22.93B | 19.76B | 18.42B |
| Total Liabilities | 44.84B | 34.04B | 33.05B | 34.53B | 32.60B | 35.13B |
| Stockholders Equity | 79.96B | 64.67B | 59.82B | 59.74B | 60.06B | 63.02B |
Cash Flow | ||||||
| Free Cash Flow | 2.87B | -953.81M | 1.54B | 1.18B | 5.29B | 5.58B |
| Operating Cash Flow | 6.61B | 2.96B | 5.76B | 5.31B | 10.58B | 9.50B |
| Investing Cash Flow | -15.77B | -3.99B | -1.51B | -8.24B | -5.33B | -6.01B |
| Financing Cash Flow | 16.82B | -1.04B | -3.56B | 622.28M | -3.77B | -4.67B |
Kingboard Holdings Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0148, the sentiment is Negative. The current price of 44.02 is below the 20-day moving average (MA) of 51.21, below the 50-day MA of 52.41, and below the 200-day MA of 51.67, indicating a bearish trend. The MACD of -2.60 indicates Positive momentum. The RSI at 37.62 is Neutral, neither overbought nor oversold. The STOCH value of 41.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0148.
Kingboard Holdings Peers Comparison
Overall Rating
HK:026773Outperform
HK:002563Neutral- HK:014863Neutral
HK:036362Neutral
HK:039261Neutral
HK:065655Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| HK:0267 | 73Outperform | HKD 357.81B | 5.23 | 8.21% | 5.57% | 12.61% | 10.92% |
| Sector * | 63Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
| HK:0025 | 63Neutral | HKD 1.36B | 3.24 | 4.37% | 6.67% | -11.27% | ― |
| HK:0148 | 63Neutral | HKD 49.38B | 10.79 | 6.27% | 3.78% | 19.45% | 67.46% |
| HK:0363 | 62Neutral | HKD 14.58B | 7.17 | 4.00% | 8.35% | -28.06% | -23.13% |
| HK:0392 | 61Neutral | HKD 37.79B | 6.43 | 5.76% | 5.39% | 5.30% | 0.81% |
| HK:0656 | 55Neutral | HKD 36.16B | -1.38 | -23.63% | 0.45% | -1.33% | -409.12% |
* Industrials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:0148 | Kingboard Holdings | 44.02 | 18.02 | 69.33% | |
| HK:0392 | Beijing Enterprises Holdings | 30.04 | -2.32 | -7.17% | |
| HK:0267 | CITIC | 12.30 | 0.79 | 6.86% | |
| HK:0656 | Fosun International | 4.46 | -0.45 | -9.16% | |
| HK:0363 | Shanghai Industrial Holdings | 13.41 | 0.68 | 5.33% | |
| HK:0025 | Chevalier International Holdings Limited | 4.50 | 0.86 | 23.66% |
Kingboard Holdings Corporate Events
Kingboard Revises Caps and Renews Connected Transactions with Hallgain
Kingboard Holdings and Kingboard Laminates have entered into new framework agreements with major shareholder Hallgain to revise annual caps for existing continuing connected transactions and extend them to the end of 2028. The new arrangements, which...
Kingboard Holdings lifts interim profit and dividend on stronger revenue
Kingboard Holdings Limited reported a strong set of unaudited interim results for the six months ended 30 June 2026, with revenue climbing 35% year-on-year to HK$29.13 billion and EBITDA rising 32%. Net profit attributable to shareholders increased a...
Kingboard Holdings Declares Interim Dividend of HKD 0.73 Per Share
Kingboard Holdings Limited has announced an interim ordinary cash dividend of HKD 0.73 per share for the six months ended 30 June 2026. The dividend relates to the financial year ending 31 December 2026 and will be paid in Hong Kong dollars, undersco...
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.
Date of analysis: Sep 16, 2026