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Kasen International Holdings Ltd.
(0496)
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Rating:54Neutral
Price Target:
HK$0.25
â–¼(-40.95% Downside)
Action:Reiterated
Date:10/09/26
The score is held back primarily by weakening profitability and consistently negative free cash flow in the last two years, with limited valuation support due to a high P/E. Offsetting factors include a relatively solid balance sheet and positive (but overbought) technical momentum.
Positive Factors
Manageable leverage
Moderate leverage and a sizable equity base provide financial flexibility for the furniture business. Debt remains manageable relative to equity, reducing balance-sheet strain and leaving the company better positioned to withstand operating volatility or fund necessary investment over the next several quarters.
Negative Factors
Revenue contraction
The return to revenue contraction suggests demand or order flow weakened after several years of growth. A shrinking top line can reduce operating leverage, make fixed costs harder to absorb, and limit the company’s ability to improve earnings without stronger volumes or more favorable product mix.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable leverage
Moderate leverage and a sizable equity base provide financial flexibility for the furniture business. Debt remains manageable relative to equity, reducing balance-sheet strain and leaving the company better positioned to withstand operating volatility or fund necessary investment over the next several quarters.
Read all positive factors
Kasen International Holdings Ltd. (0496) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$446.28M
Dividend Yield9.23%
Average Volume (3M)1.80K
Price to Earnings (P/E)61.0
Beta (1Y)0.64
Revenue Growth5.78%
EPS Growth-91.63%
CountryHK
Employees3,066
SectorConsumer Cyclical
Sector Strength84
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)<0.01
Shares Outstanding1,836,541,400
10 Day Avg. Volume4,900
30 Day Avg. Volume1,800
Financial Highlights & Ratios
PEG Ratio-0.44
Price to Book (P/B)0.17
Price to Sales (P/S)0.62
P/FCF Ratio-2.19
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
Kasen International Holdings Ltd. Business Overview & Revenue Model
Company Description
Kasen International Holdings Limited functions as an investment holding company, primarily engaged in the worldwide manufacturing and distribution of upholstered furniture. Its operational footprint covers the United States, Europe, the People's R...
How the Company Makes Money
The company makes money primarily by selling upholstered furniture and related home-furnishing products to customers (typically on a wholesale/OEM/ODM basis where applicable), earning revenue from product shipments and fulfilling customer orders. ...
Kasen International Holdings Ltd. Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
74
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.14B | 1.11B | 1.03B | 956.76M | 863.43M | 1.51B |
| Gross Profit | 408.92M | 411.26M | 400.77M | 349.66M | 250.55M | 559.57M |
| EBITDA | 162.90M | 185.37M | 236.46M | 237.63M | 68.12M | 305.37M |
| Net Income | 6.30M | 34.77M | 63.53M | 70.43M | 68.28M | 220.04M |
Balance Sheet | ||||||
| Total Assets | 6.85B | 6.76B | 6.29B | 5.98B | 5.82B | 5.97B |
| Cash, Cash Equivalents and Short-Term Investments | 141.81M | 293.30M | 301.69M | 567.54M | 460.31M | 279.57M |
| Total Debt | 964.17M | 1.03B | 866.90M | 759.21M | 821.52M | 846.68M |
| Total Liabilities | 2.65B | 2.53B | 2.26B | 2.17B | 2.11B | 2.32B |
| Stockholders Equity | 3.93B | 3.97B | 3.80B | 3.75B | 3.68B | 3.62B |
Cash Flow | ||||||
| Free Cash Flow | -272.84M | -312.13M | -134.30M | 224.35M | 37.46M | -31.68M |
| Operating Cash Flow | 100.69M | 58.36M | 35.27M | 273.13M | 45.47M | 84.05M |
| Investing Cash Flow | -327.44M | -268.59M | -113.74M | 38.67M | 269.83M | 41.61M |
| Financing Cash Flow | 223.45M | 206.20M | -186.41M | -205.75M | -125.77M | -146.50M |
Kasen International Holdings Ltd. Technical Analysis
Positive
0.42
Price Trends
0.18
Positive
0.20
Positive
0.28
Negative
Market Momentum
0.01
Negative
89.61
Negative
97.49
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0496, the sentiment is Positive. The current price of 0.42 is above the 20-day moving average (MA) of 0.19, above the 50-day MA of 0.18, and above the 200-day MA of 0.28, indicating a neutral trend. The MACD of 0.01 indicates Negative momentum. The RSI at 89.61 is Negative, neither overbought nor oversold. The STOCH value of 97.49 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0496.
Kasen International Holdings Ltd. 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% | |
54 Neutral | HK$446.28M | 61.00 | 0.16% | 9.23% | 5.78% | -91.63% | |
46 Neutral | HK$389.47M | -0.08 | -330.41% | 17.32% | -48.10% | -106.59% | |
46 Neutral | HK$639.81M | -0.38 | -9.34% | 2.51% | -38.30% | 34.06% | |
44 Neutral | HK$456.00M | -0.47 | -32.31% | 13.53% | 11.33% | 6.38% | |
43 Neutral | HK$240.16M | -0.10 | -83.92% | 3.66% | -38.81% | -39.14% | |
42 Neutral | HK$448.89M | -0.21 | -24.20% | 3.33% | -58.34% | -39.05% |
* Consumer Cyclical Sector Average
HK:0496
Kasen International Holdings Ltd.
0.24
-0.20
-45.39%
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-60.00%
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-37.87%
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0.17
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Mingfa Group (International) Co. Ltd.
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-28.99%
Kasen International Holdings Ltd. Corporate Events
Kasen International Posts Revenue Growth but Swings to Interim Loss
Aug 31, 2026
Kasen International Holdings reported interim unaudited revenue of RMB530.6 million for the six months ended June 30, 2026, up modestly from RMB506.5 million a year earlier, as gross profit slipped slightly to RMB174.5 million. The figures highlig...
Kasen International Sets August Board Meeting to Review Interim Results and Dividend
Aug 18, 2026
Kasen International Holdings Ltd., a Cayman Islands-incorporated company listed in Hong Kong under stock code 496, oversees a portfolio of subsidiaries and is led by a mix of executive and independent non-executive directors. The group functions a...
Kasen Issues Profit Warning as FX Losses Trigger Interim Net Loss
Aug 11, 2026
Kasen International Holdings Ltd. has warned shareholders and potential investors that it expects to post a consolidated net loss of between RMB3.0 million and RMB8.0 million for the six months ended 30 June 2026, reversing from a net profit of ab...
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.