Kandal M Venture Limited (FMFC) Fair Value & Analysis
Consumer Cyclical · US · Market cap $4.3M
Kandal M Venture Limited
FMFC · US
Fair value as of: Jul 16, 2026
From 24 valuation models · updated 25 days ago
Share price +11.3% over the past month.
A solid business, but screening 27% overvalued on our models.
What matters now
- The model range is unusually wide ($0.1700 to $0.4700). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (13 months)
White line = price, green steps = our fair value per fiscal year. As of Jul 16, 2026.
How to read this chart
13‑month range $0.2160 – $15.48 · fair‑value band $0.1700 – $0.4700 · the $0.2860 price screens above the $0.2100 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Jul 16, 2026.
Analysis
Kandal M Venture Limited (FMFC) currently trades at $0.2860, while our model-based Fair Value estimate is $0.2100, implying the stock looks roughly 26.6% overvalued today. The Quality Score stands at 61/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).
Over the trailing twelve months, Kandal M Venture Limited generated revenue of $15.6M at a net margin of -1.8%. Revenue declined 17.0% year over year. It earns a return on equity of -6.2%. Net debt stands at $5.2M. Fundamentals as of Jul 16, 2026
Our scenario range runs from $0.1700 (bear case) to $0.4700 (bull case); at $0.2860, 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. For context, the median of 10 Consumer Cyclical peers we cover trades at 0% fair-value upside, at -27%, FMFC 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.
All 24 models by family
Widest divergence: DCF Models ($1.18) versus Asset-Based ($0.0200). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 62 · Market factors (momentum, volatility) 6
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
Kandal M Venture Limited, through its subsidiaries, manufactures, trades in, and sells handbags in the United States, Europe, Canada, Japan, and internationally. It offers shoulder bags, crossbody bags, tote bag, backpacks, top-handle handbags, and satchels; and other smaller leather goods, such as wallets.
Full company description
Kandal M Venture Limited, through its subsidiaries, manufactures, trades in, and sells handbags in the United States, Europe, Canada, Japan, and internationally. It offers shoulder bags, crossbody bags, tote bag, backpacks, top-handle handbags, and satchels; and other smaller leather goods, such as wallets. The company was founded in 2017 and is based in Ta Khmau, the Kingdom of Cambodia. Kandal M Venture Limited operates as a subsidiary of DMD Ventures Limited.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2023 – FY2025 · reported fiscal years
Kandal M Venture Limited reported revenue of $17.2M in FY2025 versus $13.5M in FY2023, a compound +13.0%/yr. Reported net income was $210K in FY2025, compounding −46.9%/yr from FY2023.
FMFC screens 27% overvalued. Compare with NIKE, Inc →
Peer Group
Footwear & Accessories · 94 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.
Valuation Multiples vs Footwear & Accessories median · lower = cheaper
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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 Jul 16, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| NIKE, Inc NKE | $44.37 | $35.63 | -20% |
| adidas AG 1ADS | €165.00 | €65.71 | -60% |
| Deckers Outdoor Corporation DECK | $106.49 | $125.16 | +18% |
| On Holding ONON | $38.20 | $17.64 | -54% |
| Zhejiang China Commodities City Group 600415 | ¥12.11 | ¥13.03 | +8% |
| Birkenstock Holding BIRK | $44.36 | $44.14 | -0% |
| Crocs, Inc CROX | $138.91 | $203.65 | +47% |
| Huali Industrial Group 300979 | ¥31.10 | ¥54.71 | +76% |
| PUMA SE PUM | €29.31 | €10.57 | -64% |
| Steven Madden, Ltd SHOO | $43.26 | $11.69 | -73% |
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Frequently asked questions
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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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