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K2 F&B Holdings Limited
(2108)
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Rating:60Neutral
Price Target:
HK$0.36
â–²(29.29% Upside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by uneven financial performance—most notably weak cash conversion and declining 2025 revenue—despite improved reported profitability and a slightly improving leverage profile. Technical indicators suggest a largely neutral, range-bound setup. Valuation is the key positive, supported by a low P/E and a ~4.24% dividend yield.
Positive Factors
Strong reported profitability
The improved 2025 net margin indicates the company retained a meaningful share of revenue as profit despite a weaker sales trend. This provides an earnings base for reinvestment and shareholder returns, although operating profitability remains less robust than the bottom line.
Negative Factors
Revenue contraction
The reversal from multi-year expansion to a 7% revenue decline indicates weaker sales momentum and makes future earnings growth less dependable. Sustained contraction would reduce operating leverage, limit reinvestment capacity, and place greater pressure on profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong reported profitability
The improved 2025 net margin indicates the company retained a meaningful share of revenue as profit despite a weaker sales trend. This provides an earnings base for reinvestment and shareholder returns, although operating profitability remains less robust than the bottom line.
Read all positive factors
K2 F&B Holdings Limited (2108) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$276.00M
Dividend Yield5.47%
Average Volume (3M)114.80K
Price to Earnings (P/E)5.3
Beta (1Y)0.44
Revenue Growth-3.98%
EPS Growth174.79%
CountryHK
Employees354
SectorConsumer Cyclical
Sector Strength84
IndustryRestaurants
Share Statistics
EPS (TTM)0.01
Shares Outstanding800,000,000
10 Day Avg. Volume124,000
30 Day Avg. Volume114,800
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.41
Price to Sales (P/S)0.80
P/FCF Ratio8.06
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
K2 F&B Holdings Limited Business Overview & Revenue Model
Company Description
K2 F&B Holdings Limited is a Singapore-based food and beverage enterprise that oversees the management and operation of various food centers and hawker-style streets. The company's operations are divided into two main segments. Its Outlet Manageme...
How the Company Makes Money
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K2 F&B Holdings Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
45
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 50.90M | 51.51M | 57.17M | 55.74M | 47.29M | 37.39M |
| Gross Profit | 20.84M | 35.60M | 37.84M | 36.22M | 19.14M | 13.81M |
| EBITDA | 9.69M | 9.94M | 9.40M | 15.71M | 11.32M | 7.87M |
| Net Income | 8.51M | 9.56M | 2.81M | 7.31M | 5.67M | 4.57M |
Balance Sheet | ||||||
| Total Assets | 182.41M | 204.58M | 204.04M | 198.13M | 190.81M | 167.84M |
| Cash, Cash Equivalents and Short-Term Investments | 8.51M | 5.45M | 7.21M | 7.43M | 6.93M | 8.49M |
| Total Debt | 71.94M | 95.76M | 103.99M | 100.47M | 104.76M | 88.96M |
| Total Liabilities | 87.02M | 105.81M | 114.84M | 111.71M | 113.24M | 95.94M |
| Stockholders Equity | 95.40M | 98.79M | 89.23M | 86.42M | 77.57M | 71.90M |
Cash Flow | ||||||
| Free Cash Flow | 6.74M | 5.09M | 6.10M | 5.33M | 6.10M | 6.00M |
| Operating Cash Flow | 7.66M | 6.01M | 9.61M | 8.89M | 9.83M | 6.92M |
| Investing Cash Flow | 10.66M | -299.67K | -1.58M | 3.68M | -5.97M | -4.84M |
| Financing Cash Flow | -14.15M | -8.83M | -8.25M | -11.13M | -4.83M | -5.36M |
K2 F&B Holdings Limited Technical Analysis
Negative
0.28
Price Trends
0.39
Negative
0.42
Negative
0.39
Negative
Market Momentum
-0.02
Positive
26.00
Positive
13.10
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2108, the sentiment is Negative. The current price of 0.28 is below the 20-day moving average (MA) of 0.38, below the 50-day MA of 0.39, and below the 200-day MA of 0.39, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 26.00 is Positive, neither overbought nor oversold. The STOCH value of 13.10 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2108.
K2 F&B Holdings Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | HK$3.35B | 20.37 | 6.13% | 6.73% | -4.50% | -29.22% | |
63 Neutral | HK$642.58M | 15.50 | 6.33% | 6.04% | -0.04% | 16.95% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | HK$276.00M | 5.30 | 8.76% | 5.47% | -3.98% | 174.79% | |
53 Neutral | HK$284.02M | -5.86 | -4.47% | 8.22% | 3.29% | 48.16% | |
53 Neutral | HK$223.33M | 23.14 | 1.95% | 14.52% | -2.56% | -23.91% | |
41 Neutral | HK$213.15M | -0.71 | -55.81% | 3.21% | -19.88% | -20.64% |
* Consumer Cyclical Sector Average
HK:2108
K2 F&B Holdings Limited
0.35
0.10
38.55%
HK:0052
Fairwood Holdings
4.96
0.15
3.03%
HK:0573
Tao Heung Holdings Limited
0.28
-0.06
-17.65%
HK:1314
Tsui Wah Holdings Ltd.
0.16
-0.01
-8.47%
HK:0341
Cafe de Coral Holdings Ltd.
5.94
0.10
1.69%
HK:0520
Xiabuxiabu Catering Management (China) Holdings Co., Ltd.
0.20
-0.80
-80.30%
K2 F&B Holdings Limited Corporate Events
K2 F&B Swings to Interim Loss as Rising Costs Erode Margins
Aug 21, 2026
K2 FB Holdings Limited reported unaudited revenue of S$25.2 million for the six months ended 30 June 2026, down slightly from S$26.1 million a year earlier, as higher property rentals, depreciation of right-of-use assets, and finance costs weighed...
K2 F&B Details Governance Credentials of New Independent Director
Aug 20, 2026
K2 FB Holdings has issued a supplemental announcement detailing the professional background of newly appointed independent non-executive director Mr. Ong Shen Chieh. The board aims to demonstrate that his experience meets Hong Kong listing rules o...
K2 F&B warns of interim loss on one-off asset disposal
Aug 19, 2026
K2 FB Holdings Limited is a food and beverage group incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange. The Group operates in the FB sector with a focus on serving customers in its core markets, and its business remains ...
K2 F&B Sets August Board Meeting to Review Interim Results and Dividend
Aug 11, 2026
K2 FB Holdings Limited has scheduled a board meeting for 21 August 2026 to review and approve the interim results for the six months ended 30 June 2026. The board will also consider the declaration of an interim dividend, signaling potential retur...
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.