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Dickson Concepts (International)
(0113)
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Rating:72Outperform
Price Target:
HK$7.00
â–²(6.87% Upside)
Action:Reiterated
Date:07/12/26
The score is driven primarily by solid fundamentals (improving margins and a de-risked balance sheet) tempered by uneven cash-flow consistency, alongside constructive technical momentum and a supportive low P/E valuation.
Positive Factors
Balance sheet de‑leveraging
Material decline in leverage to ~0.25 increases financial resilience and strategic optionality. Lower debt reduces refinancing and interest risks, enabling sustained capex, selective expansion or dividends and better ability to absorb restaurant-level cyclical shocks.
Negative Factors
Cash-flow volatility
A year with negative OCF/FCF despite profitability signals working-capital swings or timing issues. Persistent volatility undermines reliable reinvestment, dividends and debt paydown plans, and raises the chance of needing external liquidity in weaker trading periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet de‑leveraging
Material decline in leverage to ~0.25 increases financial resilience and strategic optionality. Lower debt reduces refinancing and interest risks, enabling sustained capex, selective expansion or dividends and better ability to absorb restaurant-level cyclical shocks.
Read all positive factors
Dickson Concepts (International) (0113) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$2.51B
Dividend Yield1.54%
Average Volume (3M)115.91K
Price to Earnings (P/E)10.0
Beta (1Y)0.29
Revenue Growth3.51%
EPS Growth27.91%
CountryHK
Employees593
SectorConsumer Cyclical
Sector Strength84
IndustryLuxury Goods
Share Statistics
EPS (TTM)0.65
Shares Outstanding386,059,300
10 Day Avg. Volume94,837
30 Day Avg. Volume115,909
Financial Highlights & Ratios
PEG Ratio0.35
Price to Book (P/B)0.65
Price to Sales (P/S)1.21
P/FCF Ratio6.80
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Dickson Concepts (International) Business Overview & Revenue Model
Company Description
Dickson Concepts (International) Limited operates as an investment holding company with a core focus on the retail and distribution of high-end luxury merchandise. Its business operations are bifurcated into two primary segments: the sale of luxur...
How the Company Makes Money
The company primarily makes money from operating its restaurants and related food-and-beverage outlets. Revenue is generated mainly through (1) food sales and (2) beverage sales to customers dining in, ordering takeaway, or using delivery where av...
Dickson Concepts (International) Financial Statement Overview
Summary
Income Statement
71
Positive
Balance Sheet
78
Positive
Cash Flow
58
Neutral
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.99B | 1.92B | 2.40B | 2.13B | 2.02B |
| Gross Profit | 946.74M | 859.10M | 1.10B | 996.11M | 947.04M |
| EBITDA | 340.74M | 374.08M | 553.97M | 453.35M | 398.04M |
| Net Income | 248.94M | 198.01M | 350.77M | 252.64M | 200.94M |
Balance Sheet | |||||
| Total Assets | 5.10B | 4.88B | 5.36B | 5.60B | 5.81B |
| Cash, Cash Equivalents and Short-Term Investments | 4.31B | 4.02B | 4.12B | 3.55B | 3.36B |
| Total Debt | 924.40M | 963.33M | 1.31B | 1.70B | 1.95B |
| Total Liabilities | 1.41B | 1.35B | 1.79B | 2.21B | 2.51B |
| Stockholders Equity | 3.69B | 3.53B | 3.57B | 3.39B | 3.30B |
Cash Flow | |||||
| Free Cash Flow | 354.63M | -213.83M | 361.22M | 378.15M | 426.54M |
| Operating Cash Flow | 380.18M | -188.90M | 385.64M | 426.56M | 467.20M |
| Investing Cash Flow | 254.52M | 623.04M | 606.44M | 104.31M | -585.53M |
| Financing Cash Flow | -271.02M | -618.14M | -666.91M | -591.63M | -107.50M |
Dickson Concepts (International) Technical Analysis
Positive
6.55
Price Trends
6.28
Positive
6.16
Positive
5.78
Positive
Market Momentum
0.07
Positive
57.11
Neutral
63.13
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 6.55 is above the 20-day moving average (MA) of 6.49, above the 50-day MA of 6.28, and above the 200-day MA of 5.78, indicating a bullish trend. The MACD of 0.07 indicates Positive momentum. The RSI at 57.11 is Neutral, neither overbought nor oversold. The STOCH value of 63.13 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | HK$2.00B | 4.33 | 8.33% | 6.04% | 10.23% | 66.75% | |
75 Outperform | HK$7.81B | 4.71 | 12.17% | 8.61% | 6.00% | 114.75% | |
74 Outperform | HK$1.60B | 8.89 | 9.99% | 6.27% | -0.78% | -10.18% | |
72 Outperform | HK$2.51B | 10.00 | 6.71% | 1.56% | 3.51% | 27.91% | |
68 Neutral | HK$122.05B | 13.45 | 33.61% | 4.29% | 5.29% | 53.87% | |
67 Neutral | HK$14.47B | 7.08 | 14.28% | 4.45% | 28.96% | 86.00% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
* Consumer Cyclical Sector Average
HK:0113
Dickson Concepts (International)
6.54
1.55
31.14%
HK:0116
Chow Sang Sang Holdings International
12.11
3.87
46.97%
HK:1929
Chow Tai Fook Jewellery Group
12.31
-0.75
-5.73%
HK:0887
Emperor Watch & Jewellery
0.28
-0.10
-25.73%
HK:0590
Luk Fook Holdings (International)
25.44
3.97
18.47%
HK:0398
Oriental Watch Holdings
3.29
0.23
7.34%
Dickson Concepts (International) Corporate Events
Dickson Concepts Sets August AGM, Seeks Fresh Share Issue and Buyback Mandates
Jul 6, 2026
Dickson Concepts (International) has called its Annual General Meeting for 6 August 2026 in Hong Kong, where shareholders will review the directors’ and independent auditor’s reports and the financial statements for the year ended 31 M...
Dickson Concepts Posts Higher Profit and Revenue for FY2026
Jun 4, 2026
Dickson Concepts (International) reported an increase in revenue to HK$1.99 billion for the year ended 31 March 2026, up from HK$1.92 billion a year earlier, with gross profit rising to HK$946.7 million. Other income also grew significantly, while...
Dickson Concepts Declares HKD 0.25 Final Dividend for FY2026
Jun 4, 2026
Dickson Concepts (International) Limited has declared a final ordinary dividend of HKD 0.25 per share for the financial year ended 31 March 2026, reflecting its capital return policy to shareholders. The dividend is subject to shareholder approval...
Dickson Concepts Sets June Board Meeting to Approve Final Results and Dividend
May 22, 2026
Dickson Concepts (International) has scheduled a board meeting for 4 June 2026 to review and approve the audited final results for the financial year ended 31 March 2026. The board will also consider the recommendation of a final dividend, a decis...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.