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Kingmaker Footwear Holdings (1170) Fair Value & Analysis

Consumer Cyclical · HK · Market cap HK$278M

KF Kingmaker Footwear Holdings 1170 · HK
PriceHK$0.4050
Fair ValueHK$0.4300
Upside+6.2%
Quality43/100
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Weak Growth
Loss-making · -4.3% net margin
Low debt · negative free cash flow
Mixed vs. peers (6/11)
Narrow moat 1/100
Evidence: Low Range HK$0.2800 – HK$0.5400 Share as image

Fair value as of: Aug 13, 2026

From 1 valuation models · updated 2 days ago

Share price −3.6% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (HK$0.2800 to HK$0.5400) leaves room in how you read the outcome.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (5 years)

HK$1.48 HK$0.4000 Fair Value HK$0.4300 Aug 2018 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range HK$0.4000 – HK$1.48 · fair‑value band HK$0.2800 – HK$0.5400 · the HK$0.4050 price screens below the HK$0.4300 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Kingmaker Footwear Holdings (1170) currently trades at HK$0.4050, while our model-based Fair Value estimate is HK$0.4300, implying the stock looks roughly 6.2% fairly valued today. The Quality Score stands at 43/100 (below-average quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.

Over the trailing twelve months, Kingmaker Footwear Holdings generated revenue of HK$647M at a net margin of -4.3%. Revenue grew 6.5% year over year. It earns a return on equity of -2.8%. The balance sheet holds a net cash position of HK$348M. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$0.2800 (bear case) to HK$0.5400 (bull case); at HK$0.4050, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 32% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 10% fair-value upside, at 6%, 1170 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
NCAV (Graham) HK$0.8000 HK$1.08 HK$1.61 50
All 1 models by family
Asset-Based
NCAV (Graham) HK$0.8000 HK$1.08 HK$1.61 50

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Key figures & financial health

Revenue (TTM) HK$647M
Revenue growth (YoY) +6.5%
Net margin -4.3%
Return on equity -2.8%
Free cash flow −HK$8.5M FY2025
Operating margin -9.7%
More key figures
EPS (TTM) HK$-0.0300
EPS growth (YoY) -24.4%
Net cash HK$348M FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 43/100

Of which business quality 44 · Market factors (momentum, volatility) 31

Profitability 9
Margins and returns on capital today
Quality Growth 12
Are margins and returns improving?
Cashflow 9
Earnings quality: real cash, not paper profit
Fin. Strength 80
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 81
Calm price path (market factor)
Momentum 17
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 85
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Kingmaker Footwear Holdings Limited, an investment holding company, manufactures and sells footwear products in the United States, Europe, Asia, and internationally. It operates through Manufactures and Sale of Footwear Products; and Property Investment segments.

Full company description

Kingmaker Footwear Holdings Limited, an investment holding company, manufactures and sells footwear products in the United States, Europe, Asia, and internationally. It operates through Manufactures and Sale of Footwear Products; and Property Investment segments. The company's products include athletic footwear; lifestyle shoes, such as casual and sports shoes; rugged footwear, including mountain climbing, waterproof, steel-toed, and hand-stitched shoes, as well as boots; and children's shoes, such as boy's and girl's, and infant shoes. It also engages in the business of property holding; and trading of footwear products. The company was founded in 1980 and is headquartered in Tsim Sha Tsui, Hong Kong.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Kingmaker Footwear Holdings reported revenue of HK$626M in FY2025 versus HK$805M in FY2021, a compound −6.1%/yr. Reported net income was −HK$33.9M in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
HK$626M
Latest YoY
−9.2%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−9.4%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−9.8%
Avg. growth/yr (25Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−1.8%
Revenue −6.1%/yr
FY21 HK$805M
FY22 HK$843M
FY23 HK$1.1B
FY24 HK$689M
FY25 HK$626M
Net income
FY21 HK$88.1M
FY22 −HK$18.0M
FY23 HK$53.4M
FY24 HK$20.2M
FY25 −HK$33.9M

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Cite: Fair Value Calculator (2026). "Kingmaker Footwear Holdings Fair Value". https://www.fairvalue-calculator.com/stock/1170

Peer Group

Footwear & Accessories · 93 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 44 · Bottom 25%
Fair Value upside +6% · Above median
Return on assets -4% · Bottom 25%
Net margin (TTM) -4% · Bottom 25%
Operating margin (TTM) -10% · Bottom 25%
Revenue growth 7% · Above median
Dividend yield (TTM) 21.8% · Top 25%
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Footwear & Accessories median · lower = cheaper

P/S (TTM) 0.06× · Cheaper than 75% of peers
PEG 1.01× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 42 · sector 11
FUTURE 33 · sector 0
PAST 0 · sector 23
HEALTH 100 · sector 97
DIVIDEND 100 · sector 52

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Footwear & Accessories stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
NIKE, Inc NKE $40.51 $35.63 -12%
adidas AG 1ADS €158.15 €65.71 -58%
Deckers Outdoor Corporation DECK $93.84 $125.16 +33%
On Holding ONON $30.91 $17.53 -43%
Zhejiang China Commodities City Group 600415 ¥11.81 ¥13.03 +10%
Birkenstock Holding BIRK $36.74 $44.59 +21%
Crocs, Inc CROX $130.61 $203.65 +56%
Huali Industrial Group 300979 ¥36.73 ¥51.36 +40%
PUMA SE PUM €26.69 €10.57 -60%
Yue Yuen Industrial (Holdings) Limited 0551 HK$13.64 HK$4.04 -70%

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Frequently asked questions

Is Kingmaker Footwear Holdings (1170) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$0.4300 versus a price of HK$0.4050, about +6% (fairly valued).
What is the fair value of 1170?
Our model-based fair value for Kingmaker Footwear Holdings is HK$0.4300 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$0.4050.
What is the quality score of 1170?
Kingmaker Footwear Holdings has a Quality Score of 43/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Kingmaker Footwear Holdings (1170)?
Kingmaker Footwear Holdings reported trailing-twelve-month revenue of about HK$647M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 1170?
The net profit margin of Kingmaker Footwear Holdings is about -4.3%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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