Kathmandu Holdings (ASX: KMD) has released its 2017 results and the increase in value is impressive: at AU$2.18 per share we have PE 12.6, dividend yield 5.5%, operating cashflow yield of 14.1%! and a solid balance sheet with negligible borrowing. This New Zealand company also has a strong environmental procurement policy. We see good financial value with ethical positives as well.

Value rating: B2

Ethical rating: light green

Web: www.kathmanduholdings.com