K-tech Solutions Co LTD is a US-listed company in the leisure products industry. Its financial year ends in March.
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~$1.3
Valuation models combined (3)
Base case. Range ~$1.0–$1.7. Weighted average of 3 models (residual income, justified price-to-book, revenue-to-maturity model).
Modestly overvalued
The price is inside our value range, 17% above our base value.
Price used: $1.51, November 2, 2026
K-tech Solutions Co LTD valuation: adjust assumptions and compare models →
Revenue for the twelve months was $16m. That puts it 26 of 29 for growth among the leisure products companies we cover. The diluted share count is up 8.2% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 6 of our 6 financial-health checks. Our cash-flow model value is $1.23 a share, against a share price of $1.48.
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
K-tech Solutions Co LTD's trailing-twelve-month revenue fell 13.2% year on year, with a free-cash-flow margin of 5.2%. Where it lags: gross margin of 13.7% ranks 26 of 27 leisure products companies we cover.
Current signal Revenue growth decelerating: TTM revenue growth slowed to -13.2% (-21.9pp vs the prior quarter).
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
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Company announcements, filed results and changes that matter to shareholders.
No recent updates are available for KMRK from the sources we follow. See filings →
We value K-tech Solutions Co LTD as an operating company, with every model that fits that kind of business. Cost of equity 9.1%: the 10-year Treasury yield (4.9%) plus a beta of 0.92 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. | ~$0.1 ~$0.1–$0.2 | Left out: out of range vs price (0.09x) |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | ~$1.7 ~$1.2–$2.5 | Included |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | ~$1.1 ~$1.0–$1.3 | Included |
| Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. | ~$1.0 ~$1.0–$1.2 | Included |
| Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. | — | Does not apply: earnings are positive: price-to-earnings is the better measure |
| Combined value Weighted average of the models that apply: the primary model (price-to-earnings vs peers) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. | ~$1.3 ~$1.0–$1.7 | 3 models |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare K-tech Solutions Co LTD with Leisure Products in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
| At fiscal year end | 2026 |
|---|---|
| Share price | $1.61 |
| Market value | $34m |
| + Net debt (− = net cash) | −$8m |
| Enterprise value | $26m |
| Multiples | |
| Price / sales | 2.1x |
| Price / earnings | 198.2x |
| Price / free cash flow | 40.1x |
| EV / EBITDA | 45.8x |
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.
No analyst estimates are published for K-tech Solutions Co LTD: too few analysts cover it.
| Calendar year | 2026 to date |
|---|---|
| Return | |
| KMRK | +16% |
| Industry peers (median) | +3% |
| S&P 500 | +11% |
| Months that ended higher | |
| KMRK | 73% |
| S&P 500 | 46% |
| Largest fall from a high during the year | |
| KMRK | −79% |
| S&P 500 | −9% |
Worst fall since July 16, 2025: 82% from July 16, 2025 to June 30, 2026. Getting back needed a 469% gain, and the shares have not yet recovered.
Source: SEC EDGAR filings. Retrieved Invalid Date.
| Period | Revenue (TTM) |
|---|---|
| FY23 Q4 | $16.6M |
| FY24 Q4 | $17.1M |
| FY25 Q4 | $18.6M |
| FY26 Q4 | $16.2M |
Source: SEC EDGAR filings. Retrieved Invalid Date.
| Period | Operating margin (TTM) |
|---|---|
| FY23 Q4 | 1.5% |
| FY24 Q4 | 5.0% |
| FY25 Q4 | 2.7% |
| FY26 Q4 | 1.7% |
Each dollar K-tech Solutions took in during FY2026, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.
| Revenue | $16.2M | |
|---|---|---|
| Cost of revenue | $13.9M | 86.3% of revenue |
| Gross profit | $2.2M | 13.7% of revenue |
| Selling, general and admin | $1.9M | 12.0% of revenue |
| Operating income | $273,246 | 1.7% of revenue |
| Income tax | $173,823 | 1.1% of revenue |
| Net income | $171,407 | 1.1% of revenue |
| Fiscal year | 2023 Mar 2023 | 2024 Mar 2024 | 2025 Mar 2025 | 2026 Mar 2026 |
|---|---|---|---|---|
| Income | ||||
| Revenue | 17 | 17 | 19 | 16 |
| Gross profit | 2 | 2 | 2 | 2 |
| EBITDA | 0 | 1 | 1 | 1 |
| Operating income | 0 | 1 | 1 | 0 |
| Net income | 0 | 1 | 0 | 0 |
| Diluted EPS | — | $0.05 | $0.03 | $0.01 |
| Growth (year on year) | ||||
| Revenue | — | +2.9% | +8.7% | −13.2% |
| EBITDA | — | +189.1% | −19.0% | −28.5% |
| Operating income | — | — | −40.2% | −46.4% |
| Net income | — | — | −47.4% | −64.9% |
| Diluted EPS | — | — | −45.0% | −74.5% |
| Margins | ||||
| Gross margin | 9.4% | 12.7% | 13.2% | 13.7% |
| EBITDA margin | 2.0% | 5.7% | 4.2% | 3.5% |
| Operating margin | 1.5% | 5.0% | 2.7% | 1.7% |
| Net margin | 1.5% | 5.4% | 2.6% | 1.1% |
| Free-cash-flow margin | −1.9% | — | −7.9% | 5.2% |
| Cash flow | ||||
| Cash from operations | −0 | 3 | −1 | 1 |
| Capital spending | 0 | — | 0 | 0 |
| Free cash flow | −0 | — | −1 | 1 |
| Balance sheet | ||||
| Cash | 2 | 5 | 4 | 9 |
| Total debt | 0 | 1 | 1 | 1 |
| Net debt (negative = net cash) | −2 | −5 | −3 | −8 |
| Diluted shares | — | 20m | 20m | 21m |
| Last 12 months unless stated | KMRK | DOGZ | TRUG | TRNR | NWTG | WRAP | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $16m | $16m | $20m | $21m | $7m | $6m | $349m |
| Revenue growth, last 12 months | −13.2% | −23.3% | −11.8% | 197.5% | 28.8% | 87.3% | 7.6% |
| Revenue growth, 3-year average | — | — | — | 188.0% | 220.3% | −5.6% | −2.5% |
| Revenue growth, latest quarter | — | — | 34.4% | 445.3% | −36.4% | 102.8% | 10.9% |
| Gross margin | 13.7% | 16.0% | 50.5% | 30.1% | 53.6% | 63.6% | 40.1% |
| Operating margin | 1.7% | −181.4% | −22.6% | −72.7% | −114.8% | −226.6% | 1.0% |
| Operating margin, 3-year average | — | −53.8% | −22.9% | <−999% | −208.6% | −307.0% | 0.9% |
| Net margin | 1.1% | −173.9% | −55.7% | −159.3% | −124.4% | −223.1% | −0.5% |
| Cash from operations / revenue | 5.2% | −14.2% | −8.7% | −49.7% | −72.6% | −147.9% | 8.7% |
| Free-cash-flow margin | 5.2% | −49.7% | −10.4% | −49.7% | −77.5% | −149.6% | 6.1% |
| Free-cash-flow margin, 3-year average | — | −36.1% | — | −302.6% | −244.6% | −217.7% | 5.3% |
| Stock pay / revenue | — | 0.9% | 0.1% | −7.7% | 4.8% | 83.3% | 1.3% |
| Change in share count | 8.2% | 32.8% | — | — | — | 10.6% | 0.5% |
| Measure | Company | Peer median | Rank |
|---|---|---|---|
| Revenue growth Growth | -13.2% | 7.6% | 26 of 29 |
| Change in growth rate Growth | -21.9pp | +3.1pp | 27 of 29 |
| Gross margin Profitability | 13.7% | 39.7% | 26 of 27 |
| Operating margin Profitability | 1.7% | 1.0% | 14 of 29 |
| Net margin Profitability | 1.1% | -0.5% | 12 of 29 |
| Free-cash-flow margin Cash generation | 5.2% | 6.1% | 16 of 29 |
| Long-term debt as % of assets Balance sheet | 8.0% | 16.0% | 9 of 20 |
| Change in share count Balance sheet | 8.2% | 0.8% | 19 of 24 |
| Days sales outstanding Balance sheet | 22 days | 42 days | 8 of 27 |
Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Xtx Topco Ltd | $20,421 | 23K | 27.7% | ▼ 8.4% |
| Morgan Stanley | $17,400 | 20K | 23.6% | New |
| Blackrock, Inc. | $15,224 | 17K | 20.6% | New |
| Virtu Financial LLC | $11,000 | 13K | 14.9% | New |
| Citadel Advisors LLC | $9,707 | 11K | 13.1% | New |
| UBS Group AG | $87 | 0K | 0.1% | ▼ 48.7% |
| Caitong International Asset Management Co., Ltd | $1 | 0K | 0.0% | ▼ 83.3% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not K-tech Solutions Co LTD's complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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