Company Quick10K Filing
KBS Fashion Group
20-F 2018-12-31 Filed 2019-05-01
20-F 2017-12-31 Filed 2018-04-30
20-F 2016-12-31 Filed 2017-05-16
20-F 2015-12-31 Filed 2016-05-02
20-F 2014-08-01 Filed 2014-08-07
20-F 2013-12-31 Filed 2014-05-15
20-F 2012-12-31 Filed 2013-05-31

KBS Fashion Group Financials

KBSF Metrics, Comps, Filings

Quarterly | Annual

Business

We are a Republic of the Marshall Islands Company incorporated under the Marshall Islands Business Corporations Act (“BDA”) on January 26, 2012. We were originally organized under the name “Aquasition Corp.” for the purpose of acquiring through a merger, capital stock exchange, asset acquisition, stock purchase, or similar acquisition transaction, one or more operating businesses or assets. The address of the Company's principal executive office is Xingfengge Building, Baogaiyupu Industrial Park, Shishi City, Fujian Province of china.

On March 24, 2014, we entered into a share exchange agreement and plan of liquidation (the “Exchange Agreement”), with KBS International, Hongri International, a then wholly owned subsidiary of KBS International and Cheung So Wa and Chan Sun Keung, each an individual and shareholder of KBS International (each, a “Principal Stockholder”). The Exchange Agreement was subsequently amended on June 21, 2014. The transactions contemplated in the Exchange Agreement (the “Share Exchange”) were closed on August 1, 2014. At the closing, we acquired 100% of the issued and outstanding equity interest in Hongri International from KBS International. In exchange, we issued an aggregate of 1,530,497 shares of common stock of the Company to KBS International. In addition, on July 29, 2014, we completed a tender offer related to the Share Exchange and redeemed the 332,116 shares of common stock validly tendered and not withdrawn. Pursuant to the Exchange Agreement, KBS International was liquidated and dissolved in August 2014 and the 1,530,497 shares of common stock of the Company were distributed to each shareholder of KBS International according to their respective ownership of KBS International. As a result, following the consummation of the Share Exchange, we had a total of 1,694,489 shares of common stock outstanding.

On October 31, 2014, we held a special shareholder meeting and amended our Articles of Incorporation to change our name to KBS Fashion Group Limited.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Equity

Income Statement ($MM Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($MM Quarterly)

Ops, Inv, Fin

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Guess? (GES) 1,336,833 37% 14.2 2% 2,390,900 1,800,297 2,672,982 983,206 44,415 107,565 1,526,216
Oxford Industries (OXM) 1,225,683 57% 15.1 3% 1,013,084 496,268 1,123,729 642,976 31,504 79,946 1,204,115
G III Apparel (GIII) 1,211,193 35% 8.3 5% 2,928,607 1,668,305 3,172,632 1,125,790 142,629 220,340 1,830,133
Vera Bradley (VRA) 335,992 55% 10.1 2% 532,026 209,645 456,482 252,750 12,207 30,585 309,993
Superior Group of Companies (SGC) 247,564 35% 14.1 4% 349,385 192,965 363,289 127,806 13,664 25,697 361,779
Weyco Group (WEYS) 226,809 39% 1.1 4% 292,873 85,223 217,106 85,473 12,067 196,669 217,754
Delta Apparel (DLA) 164,167 20% 11.2 2% 377,988 224,100 431,730 85,152 8,242 24,997 279,398
Jerash (JRSH) 85,498 20% 7.4 10% 62,735 8,270 86,295 17,583 6,553 8,237 61,103
J.Jill (JILL) 83,225 63% -5.3 -13% 694,556 618,484 694,183 436,366 -87,888 -58,218 309,545
Tandy Leather Factory (TLF) 53,880 60% 8.3 2% 72,368 12,677 83,594 50,188 1,559 4,987 41,201
Ever-Glory (EVK) 43,073 30% -0.3 0% 285,245 170,289 278,598 82,703 325 9,817 -2,764
Sequential Brands (SQBG) 15,703 0% -3.1 -20% 726,857 543,386 137,594 0 -148,414 -145,739 449,648
Naked Brand Group (NAKD) 14,065 34% -4.6 -54% 4,977 1,031 3,232 1,083 -2,704 -2,677 12,341
KBS Fashion Group (KBSF) 8,222 0% 61,166 6,865 0 0 0 0 8,222
Cherokee (CHKE) 4,150 0% -3.0 -11% 90,206 84,663 21,676 0 -10,353 -906 2,702
Capri Holdings (CPRI)
Gildan Activewear (GIL)
Centric Brands (CTRC)
Canada Goose (GOOS) 0% 725,400 326,300 0 0 0 0 -88,600
Kontoor Brands (KTB) 39% 7.0 4% 1,585,765 1,530,194 1,896,228 738,845 67,901 136,173 947,303

Balance Sheet ($'000)2013-12-312017-12-312018-12-31
Cash28
Accounts Receivable
Inventory
PP&E
Assets57,21981,31061,166
Accounts Payable
Long-Term Debt
Liabilities3,6347,2836,865
Stockholders' Equity2,137
Income Statement ($'000)2013-12-312017-12-312018-12-31
Revenue
Cost of Revenue
Gross Profit
R&D
SG&A
Tax
Net Income
Cash Flow ($'000)2013-12-312017-12-312018-12-31
Cash Operating
Cash Investing
Cash Financing