Dickson Concepts (International) (0113) AI Stock Analysis

• Market Cap: $2.65B
• Dividend Yield: 2.92%
• Average Volume (3M): 282.46K
• Price to Earnings (P/E): 13.6
• Beta (1Y): 0.28
• Revenue Growth: -12.74%
• EPS Growth: -17.17%
• Country: HK
• Employees: 618
• Sector: Consumer Cyclical
• Sector Strength: 60
• Industry: Luxury Goods
• EPS (TTM): 0.17
• Shares Outstanding: 386,059,300
• 10 Day Avg. Volume: 297,270
• 30 Day Avg. Volume: 282,456
• PEG Ratio: 0.25
• Price to Book (P/B): 0.47
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 4.18
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 76 Outperform
• Price Target: ―

Dickson Concepts (International) demonstrates strong financial performance with robust growth and profitability, underpinned by a solid balance sheet and positive cash flows. The company's technical indicators show potential overbought conditions, requiring investor caution. Valuation metrics are favorable, with a reasonable P/E ratio and a high dividend yield, making it an attractive option for income-seeking investors. Overall, the company is well-positioned for future growth, though attention to maintaining cash flow growth and monitoring technical signals is advised.

Dickson Concepts (International) Business Overview & Revenue Model

Company Description

Dickson Concepts (International) Limited is a prominent luxury retail group based in Hong Kong. The company operates in the high-end retail sector, specializing in the distribution and retailing of luxury goods. It manages a portfolio of prestigious brands across several categories, including fashion, watches, and accessories, through its network of retail stores in Hong Kong, China, and other parts of Asia. The company is known for its exclusive partnerships with renowned luxury brands, offering a premium shopping experience to its customers.

How the Company Makes Money

Dickson Concepts generates revenue primarily through the retail sale of luxury goods. The company operates a network of branded retail stores that sell high-end fashion, accessories, and watches. A significant portion of its earnings comes from exclusive distribution agreements and partnerships with globally recognized luxury brands, allowing it to offer exclusive products to its clientele. Additionally, the company benefits from its strategic presence in key Asian markets, leveraging the growing demand for luxury goods in these regions. Revenue is also supported by the company's focus on providing exceptional customer service and creating a unique shopping environment, which helps to drive sales and customer loyalty.

Dickson Concepts (International) Financial Statement Overview

Summary

Dickson Concepts (International) presents a robust financial profile with strong growth, profitability, and financial stability. The company has effectively managed costs and improved profitability, as evidenced by healthy margins. The balance sheet reflects sound capital management with low leverage and good equity utilization. Cash flows are positive, supporting ongoing operations and investments. The overall financial health is solid, positioning the company well for future growth, although maintaining cash flow growth remains a key focus.

Income Statement

Dickson Concepts (International) demonstrated solid financial performance in the latest year. The Gross Profit Margin improved over the previous year, indicating efficient cost management. The Net Profit Margin also saw a significant increase, reflecting improved profitability. Revenue growth was robust, showing a positive trajectory. Both EBIT and EBITDA margins were healthy, signaling strong operational efficiency. Overall, the income statement reveals a company with strengthening profitability and growth.

Balance Sheet

The balance sheet of Dickson Concepts (International) is strong, with a solid equity base and manageable debt levels. The Debt-to-Equity Ratio is low, indicating conservative leverage. The Return on Equity has improved, highlighting profitable use of shareholders' equity. The Equity Ratio suggests a stable financial foundation with substantial assets funded by equity. Overall, the balance sheet shows financial stability and prudent capital management.

Cash Flow

Cash flows for Dickson Concepts (International) were generally positive, with a healthy Free Cash Flow and Operating Cash Flow. Free Cash Flow Growth was stable, although slightly down from the previous year. The Operating Cash Flow to Net Income Ratio indicates good cash generation from operations relative to net income. The Free Cash Flow to Net Income Ratio is strong, suggesting effective conversion of income to cash. Overall, the cash flow situation is robust, though there is room for improvement in cash flow growth.

Breakdown	TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement
Total Revenue	2.09B	2.40B	2.13B	2.02B	2.28B	2.94B
Gross Profit	957.77M	1.10B	996.11M	947.04M	975.93M	1.23B
EBITDA	389.03M	553.97M	530.08M	486.22M	565.60M	481.81M
Net Income	262.63M	350.77M	252.64M	200.94M	461.82M	645.82M
Balance Sheet
Total Assets	4.97B	5.36B	5.60B	5.81B	5.44B	5.62B
Cash, Cash Equivalents and Short-Term Investments	3.95B	4.12B	3.55B	3.36B	3.48B	3.56B
Total Debt	1.01B	1.31B	1.70B	1.95B	1.64B	2.11B
Total Liabilities	1.40B	1.79B	2.21B	2.51B	2.20B	2.65B
Stockholders Equity	3.57B	3.57B	3.39B	3.30B	3.24B	2.97B
Cash Flow
Free Cash Flow	339.20M	361.22M	378.15M	426.54M	765.01M	736.29M
Operating Cash Flow	372.28M	385.64M	426.56M	467.20M	787.63M	834.18M
Investing Cash Flow	674.42M	606.44M	51.52M	-585.53M	-74.19M	1.06B
Financing Cash Flow	-826.00M	-666.91M	-556.84M	-107.50M	-774.98M	524.56M

Dickson Concepts (International) Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 6.86
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0113, the sentiment is Positive. The current price of 6.86 is below the 20-day moving average (MA) of 6.87, above the 50-day MA of 6.66, and above the 200-day MA of 5.26, indicating a neutral trend. The MACD of 0.06 indicates Positive momentum. The RSI at 65.67 is Neutral, neither overbought nor oversold. The STOCH value of 42.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0113.

Dickson Concepts (International) Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
0331	78 Outperform	HK$2.56B	5.36	49.10%	3.70%	3.11%	-2.34%
0113	76 Outperform	$2.65B	13.61	5.58%	2.92%	-12.74%	-17.17%
Sector *	56 Neutral	$3.37B	4.05	-1.30%	6.64%	0.16%	-63.79%
0591	55 Neutral	HK$363.13M	―	-0.66%	―	25.23%	57.14%
0489	50 Neutral	HK$29.63B	472.37	0.04%	1.52%	5.05%	―
0199	44 Neutral	HK$199.58M	―	-31.95%	―	-70.49%	-129.16%
0813	42 Neutral	HK$2.88B	―	-380.16%	―	-1.39%	-66.84%

Dickson Concepts (International) Corporate Events

Dickson Concepts Proposes Privatization and Delisting

Dickson Concepts (International) Limited is undergoing a proposed privatization by Bestcity Assets Limited through a scheme of arrangement under section 99 of the Companies Act. This proposal includes the cancellation of shares with a cash payment of HK$7.20 per share and the withdrawal of the company’s listing from the Stock Exchange. An independent board committee has been established, and trading in the shares has resumed. The proposal’s effectiveness is contingent upon meeting certain conditions, including shareholder approval. The offeror has stated that the cancellation price will not be increased.

Dickson Concepts Announces Trading Halt Amid Takeover Code Announcement

Dickson Concepts (International) Limited has announced a trading halt on its shares on the Hong Kong Stock Exchange, effective from April 24, 2025. This pause in trading is due to an impending announcement related to The Code on Takeovers and Mergers, which contains crucial inside information about the company. The halt indicates a significant development that could impact the company’s market positioning and stakeholder interests.

Dickson Concepts Renews ‘S.T. Dupont’ Shoe License for China Market

Dickson Concepts (International) has announced the renewal of its Shoe License Agreement with STDSA, allowing the company to continue using ‘S.T. Dupont’ trademarks for manufacturing, selling, and promoting shoe products in mainland China for another two years. This renewal, effective from April 2025 to March 2027, underscores the company’s strategic focus on expanding its luxury goods market presence in China, while adhering to Hong Kong’s Listing Rules for connected transactions.