Kingboard Laminates Holdings Ltd Unsponsored ADR (KGBLY)

Summary

Kingboard Laminates Holdings Limited, an investment holding company, manufactures and sells laminates in the People's Republic of China, other Asian countries, Europe, and the United States. It operates through Laminates, Properties, and Investments segments. The company offers glass epoxy laminates, paper laminates, and composite epoxy material laminates. It also provides upstream component materials, such as copper foils, glass yarns, glass fabrics, bleached kraft papers, epoxy resins, kraft papers for copper-clad laminates, polyvinyl butyral products, and specialty resins and chemicals. In addition, the company offers drilling services; invests in and rents properties; trades in copper; and provides hotel accommodation services. Its investment property portfolio comprises commercial, residential, and industrial properties. The company was founded in 1988 and is headquartered in Shatin, Hong Kong. Kingboard Laminates Holdings Limited is a subsidiary of Jamplan (BVI) Limited.

Website

www.kblaminates.com

Location

Hong Kong, NY, HK

Phone852 2690 7276

Employees10,800

CEOKwok Keung Cheung

SectorTechnology

IndustryHardware, Equipment & Parts

IPO DateDec 11, 2019

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Company overview

Business model, segments, and competition.

Peer comparison

Metrics vs closest competitors.

Guidance & outlook

Forward guidance and assumptions.

Bull vs bear case

Upside drivers and key risks.

Valuation snapshot

Multiples vs history and peers.

Competitive moat

Defensibility and market position.

Management track record

Leadership and capital allocation history.

How it makes money

A short diagram of the business model.

Latest Documents

Mentions in Filings

#Kinetic Development Group, Ltd. 2,236,000 501,044 Kingboard Holdings, Ltd. 473,500 1,918,325 Kingboard Laminates Holdings, Ltd. 761,500 1,442,128 \*KingClean Electric Co., Ltd., Class A 18,500 86,069
Dimensional ETF TrustKingboard Laminates Holdings Ltd Unsponsored ADR·NPORT-EX - NT NPORT-P - Notification of late filing (portfolio holdings)·Q1 26·13 Aug
… ,280.00 | | | | CONTEMPORARY AMPEREX TECHNOLOGY CO | 9,200 | 605.50 | 5,570,600.00 | | | | GCL TECHNOLOGY HOLDINGS LTD | 1,267,000 | 0.59 | 747,530.00 | | | | HESAI GROUP | 49,280 | 15.16 | 747,084.80 | | | | KINGBOARD LAMINATES HOLDINGS LTD. | 53,500 | 58.30 | 3,119,050.00 | | | | LENOVO GROUP LIMITED | 392,000 | 23.16 | 9,078,720.00 | | | | SUNNY OPTICAL TECHNOLOGY GROUP | 34,000 | 55.80 | 1,897,200.00 | | | | UBTECH ROBOTICS CORP LTD | 11,400 …
楽天投信投資顧問株式会社Kingboard Laminates Holdings Ltd Unsponsored ADR·Annual Report - Annual Securities Report (2025.07.18-2026.07.15)·15 Oct·14 Oct
… ,280.00 | | | | CONTEMPORARY AMPEREX TECHNOLOGY CO | 9,200 | 605.50 | 5,570,600.00 | | | | GCL TECHNOLOGY HOLDINGS LTD | 1,267,000 | 0.59 | 747,530.00 | | | | HESAI GROUP | 49,280 | 15.16 | 747,084.80 | | | | KINGBOARD LAMINATES HOLDINGS LTD. | 53,500 | 58.30 | 3,119,050.00 | | | | LENOVO GROUP LIMITED | 392,000 | 23.16 | 9,078,720.00 | | | | SUNNY OPTICAL TECHNOLOGY GROUP | 34,000 | 55.80 | 1,897,200.00 | | | | UBTECH ROBOTICS CORP LTD | 11,400 …
楽天投信投資顧問株式会社Kingboard Laminates Holdings Ltd Unsponsored ADR·Prospectus - Securities registration statement·15 Oct·14 Oct
… ,280.00 | | | | CONTEMPORARY AMPEREX TECHNOLOGY CO | 9,200 | 605.50 | 5,570,600.00 | | | | GCL TECHNOLOGY HOLDINGS LTD | 1,267,000 | 0.59 | 747,530.00 | | | | HESAI GROUP | 49,280 | 15.16 | 747,084.80 | | | | KINGBOARD LAMINATES HOLDINGS LTD. | 53,500 | 58.30 | 3,119,050.00 | | | | LENOVO GROUP LIMITED | 392,000 | 23.16 | 9,078,720.00 | | | | SUNNY OPTICAL TECHNOLOGY GROUP | 34,000 | 55.80 | 1,897,200.00 | | | | UBTECH ROBOTICS CORP LTD | 11,400 …
楽天投信投資顧問株式会社Kingboard Laminates Holdings Ltd Unsponsored ADR·Prospectus - Securities registration statement·15 Oct·14 Oct
… ,280.00 | | | | CONTEMPORARY AMPEREX TECHNOLOGY CO | 9,200 | 605.50 | 5,570,600.00 | | | | GCL TECHNOLOGY HOLDINGS LTD | 1,267,000 | 0.59 | 747,530.00 | | | | HESAI GROUP | 49,280 | 15.16 | 747,084.80 | | | | KINGBOARD LAMINATES HOLDINGS LTD. | 53,500 | 58.30 | 3,119,050.00 | | | | LENOVO GROUP LIMITED | 392,000 | 23.16 | 9,078,720.00 | | | | SUNNY OPTICAL TECHNOLOGY GROUP | 34,000 | 55.80 | 1,897,200.00 | | | | UBTECH ROBOTICS CORP LTD | 11,400 …
楽天投信投資顧問株式会社Kingboard Laminates Holdings Ltd Unsponsored ADR·Annual Report - Annual Securities Report (2025.07.18-2026.07.15)·15 Oct·14 Oct
… ,280.00 | | | | CONTEMPORARY AMPEREX TECHNOLOGY CO | 9,200 | 605.50 | 5,570,600.00 | | | | GCL TECHNOLOGY HOLDINGS LTD | 1,267,000 | 0.59 | 747,530.00 | | | | HESAI GROUP | 49,280 | 15.16 | 747,084.80 | | | | KINGBOARD LAMINATES HOLDINGS LTD. | 53,500 | 58.30 | 3,119,050.00 | | | | LENOVO GROUP LIMITED | 392,000 | 23.16 | 9,078,720.00 | | | | SUNNY OPTICAL TECHNOLOGY GROUP | 34,000 | 55.80 | 1,897,200.00 | | | | UBTECH ROBOTICS CORP LTD | 11,400 …
楽天投信投資顧問株式会社Kingboard Laminates Holdings Ltd Unsponsored ADR·Annual Report - Annual Securities Report (2025.07.16-2026.07.15)·15 Oct·14 Oct

Key Stats

Trading

Px/Chg 1D$154.00 / +14.89%

Avg Volume424.78

Beta1.28

Mkt Cap19.41B

FD Mkt Cap16.26B

Float

Shrs Out/Float126.06M / 34.82M

Short Float0.00%

Days to Cover1.00

Stock Repurchased$0.00

Current Valuation

EV22.44B

EV/EBITDA0.00

EV/Sales0.00

P/B1.19

P/S0.00

FCF Yield6.22%

ROE14.92%

ROA9.57%

Current Ratio1.92

Dividend

Cash$1.69

Yield5.42%

Yield (TTM)5.42%

Estimates

P/E0.00

Est P/E0.00

Est EPS0.00

Est PEG0.00

Valuation

Metric	5Yr Avg	Jun '22	Jun '23	Jun '24	Jun '25	Sep '26
PRICE-BASED RATIOS
Price / Earnings	3.74	0.77	1.48	2.09	1.44	12.89
Price / Sales	0.46	0.18	0.13	0.11	0.10	1.80
Price / Book Value	0.38	0.28	0.19	0.13	0.12	1.19
Price / Free Cash Flow	5.73	1.22	0.74	9.64	0.99	16.06
ENTERPRISE VALUE METRICS
Enterprise Value	8,718.3	5,122.9	5,716.5	5,622.5	4,691.5	22,437.9
Enterprise Value / Sales	0.62	0.18	0.26	0.34	0.25	2.08
Enterprise Value / EBITDA	3.37	0.56	1.27	2.38	1.60	11.06
Enterprise Value / EBIT	4.59	0.61	1.64	3.83	2.36	14.50

Financials

Full Financials

Millions HKD	5Yr CAGR (%)	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
INCOME STATEMENT
Revenue	-8.3%	28,799.8	22,363.7	16,750.2	18,541.0	20,365.5
Gross Income	-20.1%	9,795.7	5,089.4	2,677.1	3,278.4	3,984.1
EBITDA	-20.9%	9,200.3	4,498.1	2,366.7	2,939.7	3,610.8
EBIT	-24.9%	8,467.6	3,488.2	1,466.6	1,990.5	2,697.1
Net Income	-22.6%	6,781.7	1,909.2	907.4	1,326.1	2,438.0
EPS (Diluted)	-22.6%	54.25	15.25	7.25	10.75	19.50
BALANCE SHEET
Cash & ST Inv	-3.5%	3,318.3	2,117.6	2,435.5	2,066.2	2,879.0
Total Assets	-3.9%	29,821.8	24,299.8	23,562.9	23,110.1	25,473.0
Total Liabilities	-4.1%	10,756.7	9,227.8	8,587.6	7,740.2	9,107.4
Total Shareholder Equity	-3.7%	19,038.5	15,048.9	14,951.2	15,342.4	16,340.2
CASH FLOW
Net Operating Cash Flow	-23.7%	6,384.3	5,992.1	823.7	2,708.1	2,160.2
Cap Ex	-11.6%	-2,091.6	-2,151.7	-626.6	-774.2	-1,278.8
Free Cash Flow	-32.7%	4,292.7	3,840.4	197.1	1,933.9	881.4

Enterprise Value Bridge

Millions HKD		13 Nov '26
Price (As of 13 Nov '26)		125.00
Basic Shares		126.06
Market Cap		15,757.3
Diluted Shares		127.08
Fully Diluted Shares Outstanding		127.08
Fully Diluted Market Cap		15,884.7
+Consolidated Debt		8,207.7
−In-the-Money Convertible Debt		—
+Capital Leases		2.0
+Operating Leases		—
−Cash & Equivalents		-2,196.3
−Short-term Investments		-2,407.6
+Total Preferred		-
−In-the-Money Convertible Preferred		—
−Investments in Unconsolidated Subs		—
+Non-Controlling Interest		26.4
+Pension Liabilities		—
Enterprise Value		21,795.1

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