K2 Asset Management Holdings Ltd (KAM) fair value: what the stock is really worth
As of Oct 29, 2026: fair value (intrinsic value) of K2 Asset Management Holdings Ltd stock A$0.05, price A$0.05, that is 9.0% below the price, quality 66 out of 100. Rating: fairly valued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.
How to read this chart
60‑month range A$0.0282 – A$0.0950 · fair‑value band A$0.0404 – A$0.0506 · the A$0.0500 price screens above the A$0.0455 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 10, 2026.
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K2 Asset Management Holdings Ltd. is a publicly owned investment manager. The firm provides its services to retail, wholesale and institutional investors. It manages equity mutual funds for its clients. The firm invests in the public equity markets across the globe.
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K2 employs a top-down approach along with bottom-up stock picking approach. It conducts in-house research to make its investments. K2 Asset Management Holdings was founded in July 1999 and is based in Melbourne, Australia with additional office in Cottesloe, Australia, Sydney, Australia.
Stock analysis
K2 Asset Management Holdings Ltd (KAM) currently trades at A$0.0500, while our estimate is A$0.0455, so the stock looks roughly fairly valued today (gap 9.9%).
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Valuation
None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.
Scenario range: A$0.0404 (bear) to A$0.0506 (bull), the price of A$0.0500 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 66/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
K2 Asset Management Holdings Ltd reported revenue of A$6.1M in FY2026 versus A$2.1M in FY2022, a compound +30.5%/yr. Reported net income was −A$482K in FY2026.
Key figures
Market cap A$12.1M (≈ $8.3M) Micro · P/S ratio 1.96 · Dividend yield 10.0% · Net margin −7.8% · Return on equity −6.3% · Return on assets (EBIT) −7.8% (5-year average) · Operating margin −2.5% · Revenue (TTM) A$6.1M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 16 out of 100 (low confidence).
What moves the price
The share trades about 42% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −19% fair-value upside, at −9%, KAM screens cheaper than that median.
Fair Value
BearA$0.0404Fair Value A$0.0455BullA$0.0506
Price A$0.0500 · Downside -9.0%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.
Quality Score breakdown
Overall quality66/100
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Profitability29
How much profit the company makes from its sales and capital
Quality Growth60
Are margins and returns getting better?
Cashflow47
Do the profits arrive as real cash?
Financial strength100
Debt, balance sheet and risk of trouble
Investment100
Does it invest with discipline instead of growing at any price?
Low Volatility60
How calm the share price moves, does not count
Price momentum20
Price momentum of the last 3 to 12 months, does not count
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.37/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+45.9%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+6.6%
Start year 2021 (pandemic). Over 10 years: −8.0% a year
Revenue growth 22 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−1.6%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
8.3% (2021) → −6.6% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+24.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Australia: IMF forecast 3.0% a year to 2030, 2.9% from 2016 to 2025) that is about +20.9% a year for the price.
Compare K2 Asset Management Holdings Ltd with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Asset Management · 658 stocks
Beats the industry median on 3/10 measures
Overall it trails its industry peers.
Valuation
Quality Score66 · Above median
Fair Value upside−9.0% · Below median
Profitability
Return on assets−5.1% · Bottom 25%
Net margin (12 months)−7.9% · Bottom 25%
Operating margin (12 months)−2.5% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−7.9% · Below median
Dividend yield (12 months)10.0% · Top 25%
Valuation Multiplesvs Asset Management median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is K2 Asset Management Holdings Ltd (KAM) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is A$0.0455 versus the last price from Oct 29, 2026 of A$0.0500, about 9% lower (fairly valued).
What is the fair value of KAM?
Our estimate for K2 Asset Management Holdings Ltd is A$0.0455 (as of Nov 10, 2026), built from audited fundamentals. Last price (from Oct 29, 2026): A$0.0500.
What is the quality score of KAM?
K2 Asset Management Holdings Ltd has a Quality Score of 66/100. 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 price target for K2 Asset Management Holdings Ltd (KAM)?
Our calculated price target is the estimate of A$0.0455 (as of Nov 10, 2026). Cautious scenario A$0.0404, optimistic scenario A$0.0506. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the K2 Asset Management Holdings Ltd stock forecast for 2026?
Our estimate puts fair value at A$0.0455, about 9% lower versus the last price from Oct 29, 2026 of A$0.0500 (fairly valued). Cautious scenario A$0.0404, optimistic scenario A$0.0506. The calculation is refreshed regularly with new filings.
What is the revenue of K2 Asset Management Holdings Ltd (KAM)?
K2 Asset Management Holdings Ltd reported trailing-twelve-month revenue of about A$6.1M (latest available figure, as of Nov 10, 2026).
Does K2 Asset Management Holdings Ltd pay a dividend?
K2 Asset Management Holdings Ltd currently shows a dividend yield of 10.00% relative to its recent price (as of Nov 10, 2026).
How much is the dividend of K2 Asset Management Holdings Ltd (KAM) and when is the ex-dividend date?
K2 Asset Management Holdings Ltd pays a dividend of A$0.005 per share a year, a dividend yield of 10.0%. The last ex-dividend date was Sep 3, 2025. Free cash flow covers the dividend 0.07 times. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What growth is priced into K2 Asset Management Holdings Ltd (KAM)?
For today's price to be fair in a discounted-cash-flow model, K2 Asset Management Holdings Ltd would have to grow free cash flow by +24.5 % per year for five years (discount rate 8.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.6 % per year. As of Nov 10, 2026.
What discount rate (WACC) does the fair value of KAM use?
Our models discount K2 Asset Management Holdings Ltd at 8.3 %: a base by market capitalisation (nano), damped by beta 0.24, country premium for Australia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For K2 Asset Management Holdings Ltd that is +24.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (8.3 %) and the same formula as our fair value.
How much growth has K2 Asset Management Holdings Ltd (KAM) delivered so far?
Over the past 5 years revenue at K2 Asset Management Holdings Ltd grew +6.6 % a year. The price currently implies free-cash-flow growth of +24.5 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of K2 Asset Management Holdings Ltd (KAM) growing?
The median revenue growth in the sector is +8.8 % a year. That is the yardstick for the growth priced into K2 Asset Management Holdings Ltd (+24.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of K2 Asset Management Holdings Ltd (KAM)?
The free-cash-flow yield on the price is 0.70 %: that much free cash flow K2 Asset Management Holdings Ltd produces per unit of market value. When it exceeds the discount rate of our models (8.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of K2 Asset Management Holdings Ltd (KAM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For K2 Asset Management Holdings Ltd it is A$0.0455 per share (as of Nov 10, 2026), against a price of A$0.0500.
Is K2 Asset Management Holdings Ltd stock overvalued or undervalued in 2026?
As of Nov 10, 2026, KAM trades above its calculated fair value: price A$0.0500, fair value A$0.0455, a gap of about −9% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of KAM?
No. The price is what the market pays today (A$0.0500); the fair value is what the company's own numbers justify (A$0.0455). For K2 Asset Management Holdings Ltd the two are A$0.0045 per share apart. That gap is exactly why we show both numbers side by side.
How much is K2 Asset Management Holdings Ltd worth?
The market values K2 Asset Management Holdings Ltd at about A$12.1M (market capitalisation, as of Nov 10, 2026). Per share that is A$0.0500; our models calculate a fair value of A$0.0455 per share.
What do the bullish and bearish scenarios say about KAM?
Our models span a range for K2 Asset Management Holdings Ltd: cautious scenario A$0.0404, base A$0.0455, optimistic A$0.0506 per share (as of Nov 10, 2026, price A$0.0500). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of K2 Asset Management Holdings Ltd (KAM)?
Balance-sheet figures for K2 Asset Management Holdings Ltd (as of Nov 10, 2026): return on equity −6.3%. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is KAM from its 52-week high?
K2 Asset Management Holdings Ltd trades at A$0.0500, about 42% below its 52-week high of A$0.0860 and 9% above the low of A$0.0460 (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.0455 is for.
Which stocks are comparable to K2 Asset Management Holdings Ltd?
From the same area (Financial Services) we also value Blackstone Inc, KKR & Co, Brookfield Asset Management Ltd, Apollo Global Management, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is K2 Asset Management Holdings Ltd stock attractive at the current price?
The data as of Nov 10, 2026: price A$0.0500, calculated fair value A$0.0455 (−9%), Quality Score 66/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. K2 Asset Management Holdings Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of K2 Asset Management Holdings Ltd (KAM)?
The latest price we hold is from Oct 29, 2026 and stands at A$0.0500. Our estimate is A$0.0455, about 9% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with K2 Asset Management Holdings Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of K2 Asset Management Holdings Ltd
How large is the market capitalisation of K2 Asset Management Holdings Ltd (KAM)?
The market capitalisation of K2 Asset Management Holdings Ltd is A$12.1M (≈ $8.3M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of K2 Asset Management Holdings Ltd (KAM)?
The price-to-sales ratio of K2 Asset Management Holdings Ltd is 1.96 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of K2 Asset Management Holdings Ltd (KAM)?
The dividend yield of K2 Asset Management Holdings Ltd is 10.0%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of K2 Asset Management Holdings Ltd (KAM)?
The net margin of K2 Asset Management Holdings Ltd is −7.8% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of K2 Asset Management Holdings Ltd (KAM)?
The return on equity (ROE) of K2 Asset Management Holdings Ltd is −6.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of K2 Asset Management Holdings Ltd (KAM)?
On an EBIT basis the return on assets of K2 Asset Management Holdings Ltd is −7.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of K2 Asset Management Holdings Ltd (KAM)?
The operating margin of K2 Asset Management Holdings Ltd is −2.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at K2 Asset Management Holdings Ltd (KAM)?
Revenue at K2 Asset Management Holdings Ltd is growing −7.9% versus a year earlier (3y avg +45.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net cash does K2 Asset Management Holdings Ltd (KAM) hold?
K2 Asset Management Holdings Ltd holds more cash than debt, A$6.6M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Nov 10, 2026