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Kingmaker Footwear Holdings
(1170)
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Rating:52Neutral
Price Target:
HK$0.43
â–²(5.85% Upside)
Action:Reiterated
Date:07/22/26
Overall score is held back primarily by deteriorating profitability and a recent shift to negative operating/free cash flow, and is further weighed down by weak technical momentum (below key moving averages with a negative MACD). These risks are partially offset by a very conservatively leveraged balance sheet and a high dividend yield.
Positive Factors
Conservative balance sheet
Extremely low leverage delivers durable financial flexibility and low solvency risk, enabling the firm to absorb cyclical shocks, preserve supplier and customer relationships, and fund working capital or targeted investments without immediate external borrowing, supporting long-term resilience.
Negative Factors
Material profitability deterioration
A meaningful swing to net losses and an ~-11.6% margin reflects structural pressure on profitability, eroding equity and retained earnings. Persistent losses reduce reinvestment capacity, constrain product and process improvements, and limit strategic flexibility absent corrective actions on costs or customer mix.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Extremely low leverage delivers durable financial flexibility and low solvency risk, enabling the firm to absorb cyclical shocks, preserve supplier and customer relationships, and fund working capital or targeted investments without immediate external borrowing, supporting long-term resilience.
Read all positive factors
Kingmaker Footwear Holdings (1170) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$276.26M
Dividend Yield12.77%
Average Volume (3M)868.53K
Price to Earnings (P/E)―
Beta (1Y)0.31
Revenue Growth-2.99%
EPS Growth-111.29%
CountryHK
Employees5,300
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Footwear & Accessories
Share Statistics
EPS (TTM)-0.11
Shares Outstanding666,999,450
10 Day Avg. Volume35,400
30 Day Avg. Volume868,533
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)0.31
Price to Sales (P/S)0.50
P/FCF Ratio-5.35
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
Kingmaker Footwear Holdings Business Overview & Revenue Model
Company Description
Kingmaker Footwear Holdings Limited functions as an investment holding enterprise primarily engaged in the worldwide production and sale of a diverse range of shoes. Its products are distributed across the United States, Europe, Asia, and other in...
How the Company Makes Money
Kingmaker Footwear Holdings primarily makes money by manufacturing finished footwear for brand customers and recognizing revenue from the sale of these manufactured products. Its core revenue stream is contract manufacturing/OEM-style production, ...
Kingmaker Footwear Holdings Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
78
Positive
Cash Flow
38
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 607.14M | 625.88M | 689.27M | 1.06B | 842.69M |
| Gross Profit | 8.31M | -11.38M | 29.11M | 89.58M | 25.16M |
| EBITDA | -58.63M | -21.09M | 15.99M | 48.60M | -33.06M |
| Net Income | -70.62M | -33.89M | 20.22M | 53.41M | -18.04M |
Balance Sheet | |||||
| Total Assets | 1.26B | 1.39B | 1.51B | 1.59B | 1.66B |
| Cash, Cash Equivalents and Short-Term Investments | 299.31M | 352.69M | 415.58M | 392.65M | 304.43M |
| Total Debt | 8.40M | 4.38M | 2.10M | 2.60M | 18.84M |
| Total Liabilities | 278.35M | 322.63M | 323.85M | 373.30M | 437.59M |
| Stockholders Equity | 977.24M | 1.06B | 1.17B | 1.21B | 1.21B |
Cash Flow | |||||
| Free Cash Flow | -56.90M | -8.53M | 33.66M | 124.46M | -59.12M |
| Operating Cash Flow | -37.71M | 4.03M | 45.04M | 136.58M | -44.27M |
| Investing Cash Flow | 66.13M | 67.35M | 2.91M | -213.76M | 133.54M |
| Financing Cash Flow | -29.07M | -75.14M | -28.82M | -45.97M | -18.96M |
Kingmaker Footwear Holdings Technical Analysis
Positive
0.41
Price Trends
0.40
Positive
0.43
Negative
0.45
Negative
Market Momentum
<0.01
Negative
59.12
Neutral
68.38
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1170, the sentiment is Positive. The current price of 0.41 is above the 20-day moving average (MA) of 0.40, above the 50-day MA of 0.40, and below the 200-day MA of 0.45, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 59.12 is Neutral, neither overbought nor oversold. The STOCH value of 68.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1170.
Kingmaker Footwear Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | HK$9.49B | 5.75 | 12.73% | 7.55% | 13.07% | 17.56% | |
74 Outperform | HK$583.66M | 5.08 | 11.96% | 6.78% | 1.49% | -9.08% | |
73 Outperform | HK$9.49B | 9.81 | 11.35% | 11.80% | 2.33% | -22.20% | |
72 Outperform | HK$20.97B | 6.80 | 6.60% | 10.14% | -3.17% | -24.14% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
52 Neutral | HK$276.26M | -3.70 | -6.97% | 12.77% | -2.99% | -111.29% | |
36 Underperform | HK$250.11M | -3.77 | -13.55% | 25.32% | -38.65% | 41.22% |
* Consumer Cyclical Sector Average
HK:1170
Kingmaker Footwear Holdings
0.40
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Kingmaker Footwear Holdings Corporate Events
Kingmaker Footwear Sets August AGM to Approve Dividend, Board Changes and Share Buyback Mandate
Jul 16, 2026
Kingmaker Footwear Holdings has called its annual general meeting for 28 August 2026 in Hong Kong, where shareholders will review audited financial statements for the year ended 31 March 2026 and consider a special final dividend. The meeting will...
Kingmaker Footwear Swings to Gross Profit but Loss Widens on Property Hit
Jun 30, 2026
Kingmaker Footwear Holdings reported revenue of HK$607.1 million for the year ended 31 March 2026, a 3% decline from the prior year, but turned a gross loss into a modest gross profit with a 1.4% margin. Despite this operational improvement and st...
Kingmaker Footwear Declares Special Final Dividend for FY2026
Jun 30, 2026
Kingmaker Footwear Holdings has declared a special final dividend of HKD 0.02 per share for the financial year ended 31 March 2026, reflecting a distribution decision that may signal confidence in its financial position and cash generation. The di...
Kingmaker Footwear reshapes board with director retirement and new appointment
Jun 30, 2026
Kingmaker Footwear Holdings announced that independent non-executive director Ms. Chan Mei Bo, Mabel will retire at the conclusion of its 28 August 2026 annual general meeting, stepping down as audit committee chair and member of the remuneration ...
Kingmaker Footwear Sells Zhuhai Commercial Property for RMB50 Million
Jun 23, 2026
Kingmaker Footwear Holdings, via its indirect wholly owned subsidiary Maystar Footwear Company Limited, has agreed to sell a commercial property in Zhuhai, Guangdong Province, to Zhuhai Ruiyuan Cultural Communications Co., Ltd. The asset comprises...
Kingmaker Footwear Flags Wider Annual Loss on Weak Orders and Property Revaluation
Jun 23, 2026
Kingmaker Footwear Holdings warned that its revenue for the year ended 31 March 2026 declined about 3% amid subdued orders, cautious customer procurement and weak retail conditions, leading to a wider expected net loss of HK$70 million to HK$75 mi...
Kingmaker Footwear Sets June Board Meeting to Approve Annual Results and Dividend Plan
Jun 18, 2026
Kingmaker Footwear Holdings has scheduled a board meeting in Hong Kong on 30 June 2026 to review and approve the audited consolidated final results for the year ended 31 March 2026, and to authorize the release of its annual financial announcement...
Kingmaker Footwear Boosts Share Award Pool With Market Purchase
Apr 30, 2026
Kingmaker Footwear Holdings has disclosed that the trustee of its share award scheme purchased 600,000 shares on the market between 22 and 28 April 2026, at an average price of about HK$0.50 per share. The acquisition, representing roughly 0.089% ...
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.