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Kingdom Holdings Limited
(0528)
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Rating:71Outperform
Price Target:
HK$1.50
▲(45.63% Upside)
Action:Upgraded
Date:08/06/26
The score is driven primarily by the 2025 financial turnaround (profitability restored, improved leverage, and much stronger operating/free cash flow), supported by constructive technical momentum and a reasonable valuation with a solid dividend yield. The main constraint is the uneven multi-year performance and the 2025 revenue decline, which raise questions about the durability of the rebound.
Positive Factors
Cash flow recovery
A strong swing to positive operating and free cash flow in 2025 signals restored internal funding capacity. Durable cash generation supports capex, dividends and debt paydown, improving financial flexibility and reducing reliance on external financing across business cycles.
Negative Factors
Revenue decline
A revenue decline in 2025 points to uneven demand or market share pressure. Persistent top-line weakness constrains scalability of fixed costs, makes margin expansion harder, and limits sustainable earnings growth unless revenue trends reverse structurally.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash flow recovery
A strong swing to positive operating and free cash flow in 2025 signals restored internal funding capacity. Durable cash generation supports capex, dividends and debt paydown, improving financial flexibility and reducing reliance on external financing across business cycles.
Read all positive factors
Kingdom Holdings Limited (0528) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$739.74M
Dividend Yield5%
Average Volume (3M)40.87K
Price to Earnings (P/E)2.2
Beta (1Y)0.17
Revenue Growth4.20%
EPS GrowthN/A
CountryHK
Employees3,540
SectorConsumer Cyclical
Sector Strength84
IndustryManufacturing - Textiles
Share Statistics
EPS (TTM)0.47
Shares Outstanding629,678,040
10 Day Avg. Volume14,200
30 Day Avg. Volume40,866
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)0.38
Price to Sales (P/S)0.20
P/FCF Ratio0.83
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
Kingdom Holdings Limited Business Overview & Revenue Model
Company Description
Kingdom Holdings Limited operates as an investment holding company primarily focused on the global production and distribution of linen yarns, with significant markets in mainland China, the European Union, and internationally. Its extensive produ...
How the Company Makes Money
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Kingdom Holdings Limited Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
64
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.71B | 2.68B | 2.57B | 2.45B | 2.02B | 1.80B |
| Gross Profit | 569.71M | 267.82M | 153.27M | 411.49M | 386.90M | 291.58M |
| EBITDA | 521.81M | 227.97M | 109.14M | 364.65M | 332.42M | 248.31M |
| Net Income | 288.66M | 62.37M | -45.38M | 163.61M | 175.70M | 88.22M |
Balance Sheet | ||||||
| Total Assets | 3.30B | 3.11B | 3.12B | 3.28B | 2.90B | 2.79B |
| Cash, Cash Equivalents and Short-Term Investments | 430.80M | 614.60M | 230.87M | 476.02M | 480.29M | 263.12M |
| Total Debt | 830.71M | 771.90M | 1.02B | 869.53M | 752.90M | 885.79M |
| Total Liabilities | 1.73B | 1.62B | 1.64B | 1.70B | 1.42B | 1.44B |
| Stockholders Equity | 1.51B | 1.43B | 1.40B | 1.52B | 1.41B | 1.27B |
Cash Flow | ||||||
| Free Cash Flow | 74.67M | 656.06M | -272.15M | -26.31M | 400.29M | 240.28M |
| Operating Cash Flow | 119.80M | 702.43M | -220.70M | 70.04M | 450.18M | 358.84M |
| Investing Cash Flow | -47.55M | -42.90M | -47.33M | -97.35M | -24.58M | -116.55M |
| Financing Cash Flow | -234.27M | -320.79M | 61.38M | 14.40M | -204.38M | -150.24M |
Kingdom Holdings Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | HK$10.53B | 9.55 | 38.78% | 7.06% | 6.62% | 11.13% | |
71 Outperform | HK$739.74M | 2.19 | 19.64% | 5.00% | 4.20% | ― | |
71 Outperform | HK$3.51B | 6.27 | 11.18% | 10.92% | 20.57% | 16.02% | |
68 Neutral | HK$625.13M | 4.30 | 5.83% | 5.61% | -1.84% | 29.22% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | HK$330.92M | 3.68 | 6.65% | 8.23% | 0.41% | ― | |
49 Neutral | HK$855.80M | 21.20 | 2.55% | 1.80% | 5.77% | 22.13% |
* Consumer Cyclical Sector Average
HK:0528
Kingdom Holdings Limited
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Kingdom Holdings Limited Corporate Events
Kingdom Holdings Signals Strong Interim Profit on Linen Market Recovery
Jul 21, 2026
Kingdom Holdings Limited expects to report a net profit of at least RMB100 million for the six months ended 30 June 2026, marking a sharp turnaround from a net loss of about RMB121.5 million a year earlier. The profit attributable to owners of the...
Kingdom Holdings Shareholders Unanimously Approve 2025 Results, Dividend and Board Re‑election
Jun 12, 2026
Kingdom Holdings Limited, a Cayman Islands–incorporated company carrying on business in Hong Kong as Kingdom (Cayman) Limited, is listed on the Hong Kong Stock Exchange under stock code 528. Its corporate structure positions it within Hong K...
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.