tiprankstipranks
Trending News
More News >
Dickson Concepts (International) Limited (HK:0113)
:0113
Advertisement

Dickson Concepts (International) (0113) AI Stock Analysis

Compare
2 Followers

Top Page

HK:0113

Dickson Concepts (International)

(OTC:0113)

Select Model
Select Model
Select Model
Neutral 67 (OpenAI - 4o)
Rating:67Neutral
Price Target:
HK$5.50
▲(5.16% Upside)
Dickson Concepts' overall stock score is primarily driven by its strong valuation and solid balance sheet, which are major strengths. However, challenges such as declining revenues and negative cash flow weigh down the score. The technical indicators suggest bearish momentum, which also contributes to a lower overall score.

Dickson Concepts (International) (0113) vs. iShares MSCI Hong Kong ETF (EWH)

Dickson Concepts (International) Business Overview & Revenue Model

Company DescriptionDickson Concepts (International) Limited, an investment holding company, sells luxury goods. It operates in two segments, Sale of Luxury Goods and Securities Investment. The company sells fashion and accessories, watches and jewelry, cosmetics and beauty products, lighters, writing instruments, leather goods, and luxury goods. It also provides interior design, management consultancy and professional, services and operation of warehouses, trademarks agency, and import services. In addition, the company engages in the securities and property investment activities; arrangement of property tenancy agreements; and operation of Harvey Nichols, Beauty Avenue, and Beauty Bazaar stores. It operates 60 stores comprising 7 stores in Hong Kong, 30 stores in China, and 23 stores in Taiwan. The company was founded in 1980 and is headquartered in Tsim Sha Tsui, Hong Kong. Dickson Concepts (International) Limited is a subsidiary of Dickson Investment Holding (PTC) Corporation.
How the Company Makes MoneyDickson Concepts makes money primarily through the retail and distribution of luxury goods. Its revenue model is based on operating upscale department stores and boutiques that sell high-margin products such as high-fashion apparel, luxury skincare and cosmetics, and premium watches. The company holds exclusive distribution agreements with renowned international brands, allowing it to be the sole distributor for these brands in certain Asian markets. This exclusivity ensures a steady stream of income from brand-loyal customers. Additionally, Dickson Concepts engages in strategic partnerships with luxury brands to enhance its product offerings and expand its market reach, thus contributing to its revenue growth.

Dickson Concepts (International) Financial Statement Overview

Summary
Dickson Concepts shows strong operational efficiency with good profit margins but faces challenges with declining revenues and negative cash flow. The balance sheet is strong with low leverage and significant equity, but the cash flow issues need urgent attention.
Income Statement
72
Positive
Dickson Concepts showed a decline in revenue from $2.4 billion to $1.9 billion, leading to a negative revenue growth rate. However, the company maintained a solid gross profit margin of 44.7% and a net profit margin of 10.3% for the latest year. Both EBIT and EBITDA margins are reasonably strong at 14.0% and 19.5%, respectively, indicating efficient operations despite the revenue downturn. Overall, the income statement reflects operational efficiency but a need to reverse the revenue decline.
Balance Sheet
78
Positive
The company exhibits a strong equity position with a debt-to-equity ratio of 0.27 and a high equity ratio of 72.4%. The return on equity stands at 5.6%, showing modest profitability from equity. The balance sheet is robust, with significant cash reserves and a low leverage profile, suggesting financial stability and resilience.
Cash Flow
60
Neutral
The company's free cash flow turned negative in the latest year, dropping from $361.2 million to -$213.8 million, indicating cash management challenges. The operating cash flow to net income ratio is negative, highlighting issues in converting income into cash flow. Despite past strong cash flow performance, the latest figures suggest a need for improved cash management strategies.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue1.92B1.92B2.40B2.13B2.02B2.28B
Gross Profit859.10M859.10M1.10B996.11M947.04M975.93M
EBITDA314.96M374.08M553.97M453.35M398.04M660.15M
Net Income198.01M198.01M350.77M252.64M200.94M461.82M
Balance Sheet
Total Assets4.88B4.88B5.36B5.60B5.81B5.44B
Cash, Cash Equivalents and Short-Term Investments4.02B4.02B4.12B3.55B3.36B3.48B
Total Debt963.33M963.33M1.31B1.70B1.95B1.64B
Total Liabilities1.35B1.35B1.79B2.21B2.51B2.20B
Stockholders Equity3.53B3.53B3.57B3.39B3.30B3.24B
Cash Flow
Free Cash Flow359.59M-213.83M361.22M378.15M426.54M765.01M
Operating Cash Flow384.52M-188.90M385.64M426.56M467.20M787.63M
Investing Cash Flow539.22M623.04M606.44M104.31M-585.53M-74.19M
Financing Cash Flow-591.21M-618.14M-666.91M-591.63M-107.50M-774.98M

Dickson Concepts (International) Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price5.23
Price Trends
50DMA
5.48
Negative
100DMA
6.13
Negative
200DMA
5.49
Negative
Market Momentum
MACD
-0.06
Negative
RSI
46.15
Neutral
STOCH
65.08
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0113, the sentiment is Neutral. The current price of 5.23 is above the 20-day moving average (MA) of 5.17, below the 50-day MA of 5.48, and below the 200-day MA of 5.49, indicating a neutral trend. The MACD of -0.06 indicates Negative momentum. The RSI at 46.15 is Neutral, neither overbought nor oversold. The STOCH value of 65.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:0113.

Dickson Concepts (International) Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
76
Outperform
15.52B14.878.33%4.16%-12.95%-37.76%
76
Outperform
155.77B27.2322.39%3.29%-17.53%-8.90%
75
Outperform
9.89B8.816.48%3.87%-10.41%67.25%
71
Outperform
2.29B8.494.92%3.17%6.82%42.74%
67
Neutral
$2.02B10.305.58%8.65%-19.93%-43.35%
43
Neutral
992.23M-3.270.00%-18.07%-1041.89%
61
Neutral
$18.38B12.79-2.54%3.03%1.52%-15.83%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:0113
Dickson Concepts (International)
5.23
0.67
14.79%
CEBTF
Citychamp Watch & Jewellery Group
0.02
-0.10
-83.33%
CHOWF
Chow Sang Sang Holdings International
1.70
0.98
136.11%
CJEWF
Chow Tai Fook Jewellery Group
2.02
1.25
162.34%
EPRJF
Emperor Watch & Jewellery
0.04
0.02
100.00%
LKFLF
Luk Fook Holdings (International)
3.18
1.89
146.51%

Dickson Concepts (International) Corporate Events

Dickson Concepts Privatization Proposal Lapses
Jul 18, 2025

Dickson Concepts (International) Limited, a company listed on the Stock Exchange of Hong Kong, was involved in a proposal for privatization through a scheme of arrangement by Bestcity Assets Limited. However, the proposal did not receive the necessary approval from the Scheme Shareholders at the Court Meeting, resulting in the lapse of the proposal and the scheme. Consequently, the company’s shares will remain listed, and no changes will be made to its issued share capital. This outcome maintains the status quo for the company’s stakeholders and ensures continued trading of its shares on the stock exchange.

Dickson Concepts Announces Trading Halt Pending Major Announcement
Jul 18, 2025

Dickson Concepts (International) Limited announced a trading halt on its shares on the Hong Kong Stock Exchange, effective from 1:00 p.m. on July 18, 2025. This halt is pending the release of an announcement related to The Code on Takeovers and Mergers, indicating significant inside information that could impact the company’s operations and its stakeholders.

Dickson Concepts Updates Nomination Committee Terms
Jul 2, 2025

Dickson Concepts (International) Limited has updated the terms of reference for its Nomination Committee, effective from July 1, 2025. The committee, primarily composed of Independent Non-Executive Directors, is tasked with overseeing board nominations, assessing board composition, and ensuring the independence of directors. These changes aim to enhance corporate governance and strategic alignment, potentially impacting the company’s leadership structure and stakeholder confidence.

Dickson Concepts Set for Privatization and Delisting
Jun 25, 2025

Dickson Concepts (International) Limited is undergoing a proposed privatization by Bestcity Assets Limited through a scheme of arrangement, which will result in the withdrawal of its listing. The Scheme Document, detailing the proposal and the scheme, will be dispatched to shareholders, with the Independent Board Committee and Independent Financial Adviser recommending shareholders vote in favor of the proposal.

Dickson Concepts Announces Court Meeting for Scheme of Arrangement
Jun 24, 2025

Dickson Concepts (International) Limited has announced a Court Meeting to be held on July 18, 2025, in Hong Kong, as directed by the Supreme Court of Bermuda. The meeting aims to consider and potentially approve a scheme of arrangement between the company and its shareholders. This development could significantly impact the company’s corporate structure and shareholder relations, as the scheme requires court sanction and shareholder approval.

Dickson Concepts Announces Special General Meeting for Share Restructuring
Jun 24, 2025

Dickson Concepts (International) Limited has announced a special general meeting to discuss a special resolution related to a scheme of arrangement. The resolution involves the cancellation and reissuance of shares, maintaining the company’s share capital, and potentially delisting from the Hong Kong Stock Exchange. This move could significantly impact the company’s market presence and shareholder value.

Dickson Concepts Proposes Privatization and Delisting
Jun 18, 2025

Dickson Concepts (International) Limited is undergoing a proposed privatization by Bestcity Assets Limited through a scheme of arrangement, with plans to withdraw its listing from the stock exchange. The company and the offeror are finalizing the Scheme Document, expected to be dispatched by June 25, 2025. The announcement clarifies the shareholding structure, indicating that the offeror and its concert parties hold approximately 65.77% of the shares, while disinterested scheme shares account for 34.23%. This move could significantly impact shareholders and the company’s market positioning.

Dickson Concepts Reports Decline in Annual Profits
Jun 2, 2025

Dickson Concepts (International) Limited reported its financial results for the year ending March 31, 2025, revealing a decline in revenue and profit compared to the previous year. The company experienced a decrease in gross profit and operating profit, attributed to higher administrative expenses and lower other income, impacting its overall financial performance.

Dickson Concepts Schedules Board Meeting for Final Results Approval
May 21, 2025

Dickson Concepts (International) Limited has announced a board meeting scheduled for June 2, 2025, to approve the publication of its final results for the fiscal year ending March 31, 2025. This announcement is crucial for stakeholders as it will provide insights into the company’s financial performance and strategic direction.

Delay in Privatization Scheme for Dickson Concepts
May 20, 2025

Dickson Concepts (International) Limited and Bestcity Assets Limited announced a delay in the dispatch of the scheme document related to the proposed privatization of Dickson Concepts by way of a scheme of arrangement. The delay is due to the need for additional time to finalize the document and accommodate the Supreme Court of Bermuda’s timetable. The scheme’s effectiveness is contingent upon approval at a court meeting, and stakeholders are advised to exercise caution as the proposal’s implementation is uncertain.

Dickson Concepts Issues Profit Warning Amidst Hong Kong Retail Challenges
May 15, 2025

Dickson Concepts (International) Limited has issued a profit warning, anticipating a 20% decrease in sales turnover and a 42% drop in net profit for the year ending March 31, 2025, compared to the previous year. This decline is attributed to weakened consumer sentiment in Hong Kong, driven by changing travel and shopping preferences, and the extension of China’s tax refund policy for foreign visitors, which has made Hong Kong a less attractive shopping destination. The company’s announcement highlights challenges in the retail landscape and advises caution among shareholders and investors.

Dickson Concepts Appoints Adviser for Privatization Proposal
May 7, 2025

Dickson Concepts (International) Limited has announced the appointment of Platinum Securities Company Limited as the Independent Financial Adviser for its proposed privatization by Bestcity Assets Limited. This appointment, approved by the Independent Board Committee, is part of a scheme of arrangement under section 99 of the Companies Act. The adviser will evaluate the fairness and reasonableness of the proposal and guide disinterested shareholders on voting. Shareholders are cautioned that the proposal’s implementation is conditional, and they should seek professional advice if uncertain.

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.Date of analysis: Jul 22, 2025