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Kingmaker Footwear Holdings (1170) AI Stock Analysis

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HK:1170

Kingmaker Footwear Holdings

(HKEX:1170)

Select Model
Rating:54Neutral
Price Target:HKD 0.42▲(4.50% Upside)
Action:reiterated
Date:10/23/26

The score is held back primarily by weakening financial performance and recent cash burn despite a very low-debt balance sheet. Technical indicators are mildly constructive but not strongly bullish given weakness versus longer-term moving averages. Valuation is supported by a very high dividend yield, though the negative P/E reflects current losses.

Positive Factors
Very Low LeverageThe exceptionally conservative capital structure reduces solvency risk and preserves financial flexibility. Minimal debt should limit interest burdens and refinancing pressure, allowing management more room to absorb operating volatility or support the business if conditions improve.
Negative Factors
Revenue ContractionDeclining revenue indicates weaker demand or order activity for the company’s manufactured footwear and reduces operating leverage across its production base. Continued contraction would make fixed operating costs harder to absorb and could prolong pressure on profitability.

Kingmaker Footwear Holdings (1170) vs. iShares MSCI Hong Kong ETF (EWH)

-20%-15%-10%-5%0%5%10%15%HK:1170-11.50%EWH+9.26%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
HKD 26.31M
Dividend Yield
12.61%
Average Volume (3M)
686.05K
Price to Earnings (P/E)
-3.7
Beta (1Y)
0.17
Revenue Growth
-2.99%
EPS Growth
-111.29%
Country
Hong Kong
Employees
5,300
Sector
Consumer Cyclical
Sector Strength
61
Industry
Apparel - Footwear & Accessories

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 inter...

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, whe...

Kingmaker Footwear Holdings Financial Statement Overview

Summary

Mixed fundamentals: the balance sheet is very strong with extremely low leverage, but profitability has deteriorated into deeper losses with declining revenue, and cash flow has turned negative with meaningful free-cash-flow burn in the latest period.

Income Statement

32Negative

Balance Sheet

78Positive

Cash Flow

38Negative
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue607.14M607.14M625.88M689.27M1.06B842.69M
Gross Profit8.33M8.31M-11.38M29.11M89.58M25.16M
EBITDA-58.63M-58.63M-21.09M15.99M48.60M-33.06M
Net Income-70.62M-70.62M-33.89M20.22M53.41M-18.04M
Balance Sheet
Total Assets1.26B1.26B1.39B1.51B1.59B1.66B
Cash, Cash Equivalents and Short-Term Investments299.31M299.31M352.69M415.58M392.65M304.43M
Total Debt8.40M8.40M4.38M2.10M2.60M18.84M
Total Liabilities278.35M278.35M322.63M323.85M373.30M437.59M
Stockholders Equity977.24M977.24M1.06B1.17B1.21B1.21B
Cash Flow
Free Cash Flow-44.41M-56.90M-8.53M33.66M124.46M-59.12M
Operating Cash Flow-25.23M-37.71M4.03M45.04M136.58M-44.27M
Investing Cash Flow53.65M66.13M67.35M2.91M-213.76M133.54M
Financing Cash Flow-29.07M-29.07M-75.14M-28.82M-45.97M-18.96M

Kingmaker Footwear Holdings Technical Analysis

Technical Analysis SentimentNegative
Last Price0.40

Price Trends

50DMA0.40Negative
100DMA0.41Negative
200DMA0.43Negative

Market Momentum

MACD0.00Positive
RSI45.71Neutral
STOCH46.43Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1170, the sentiment is Negative. The current price of 0.40 is below the 20-day moving average (MA) of 0.40, below the 50-day MA of 0.40, and below the 200-day MA of 0.43, indicating a bearish trend. The MACD of 0.00 indicates Positive momentum. The RSI at 45.71 is Neutral, neither overbought nor oversold. The STOCH value of 46.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1170.

Kingmaker Footwear Holdings Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

HK:1170 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:0210HK:021083OutperformHKD 514.33M4.7111.96%7.27%1.49%-9.08%
HK:1361HK:136181OutperformHKD 10.39B6.2112.73%6.95%13.07%17.56%
HK:1836HK:183673OutperformHKD 11.30B11.7011.35%9.90%2.33%-22.20%
HK:0551HK:055172OutperformHKD 21.53B7.316.60%9.44%-3.17%-24.14%
Sector *61Neutral$18.38B12.79-2.54%3.03%1.52%-15.83%
HK:1170HK:117054NeutralHKD 263.10M-3.75-6.97%12.61%-2.99%-111.29%
HK:0738HK:073846NeutralHKD 200.79M-3.92-11.48%―-34.67%48.99%

* Consumer Cyclical Sector Average

Performance Comparison

-25%0%25%50%HK:1170HK:0210HK:0738HK:1836HK:1361HK:0551Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
HK:1170 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:1170Kingmaker Footwear Holdings 0.40-0.06-12.47%
HK:0210Daphne International Holdings 0.28-0.12-30.03%
HK:0738Le Saunda Holdings 0.290.0730.53%
HK:1836Stella International Holdings 13.63-0.96-6.61%
HK:1361361 Degrees International 4.82-0.73-13.24%
HK:0551Yue Yuen Industrial (Holdings) 13.770.533.96%

Kingmaker Footwear Holdings Corporate Events

Kingmaker Footwear Grants 1.29 Million Shares Under Retention Focused Award Scheme

Sep 15, 2026

Kingmaker Footwear Holdings has approved a new grant of 1,292,000 existing shares under its share award scheme to 15 grantees, funded through shares acquired on the open market with internal resources. The awards, granted at nil consideration, reflec...

Kingmaker Footwear Wins Unanimous Shareholder Backing at AGM

Aug 28, 2026

Shareholders of Kingmaker Footwear Holdings Limited unanimously approved all resolutions at the 28 August 2026 annual general meeting, including the adoption of audited financial statements for the year ended 31 March 2026 and the declaration of a sp...

Kingmaker Footwear Reshapes Board and Committee Line-Up for 2026

Aug 28, 2026

Kingmaker Footwear Holdings has announced an updated composition of its board of directors, effective 28 August 2026, naming Mdm. Huang Hsiu Duan, Helen as chairman, Mr. Wong Hei Chiu as vice chairman, and Mr. Chen Yi Wu, Ares as chief executive offi...

Kingmaker Footwear Updates Bermuda Registered Office, Keeps Hong Kong Share Registrar

Jul 31, 2026

Kingmaker Footwear Holdings has announced that its registered office address in Bermuda will change to Richmond House, 12 Par-la-Ville Road, Hamilton HM 08, effective 3 August 2026. The company confirmed that Tricor Investor Services will continue as...

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.

Date of analysis: Oct 23, 2026