DPC Dash Limited (1405) AI Stock Analysis

• Market Cap: HK$11.45B
• Dividend Yield: N/A
• Average Volume (3M): 366.95K
• Price to Earnings (P/E): 197.6
• Beta (1Y): 0.69
• Revenue Growth: 38.99%
• EPS Growth: N/A
• Country: HK
• Employees: 9,160
• Sector: Consumer Cyclical
• Sector Strength: 59
• Industry: Restaurants
• EPS (TTM): 0.46
• Shares Outstanding: 130,884,490
• 10 Day Avg. Volume: 746,847
• 30 Day Avg. Volume: 366,951
• PEG Ratio: 0.74
• Price to Book (P/B): 5.11
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 25.73
• 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: HK$120.52
• Price Target Upside: 37.11% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3

• Rating: 70 Outperform
• Price Target: HK$106.00 ▲(20.59%Upside)

DPC Dash Limited demonstrates strong financial performance, contributing significantly to its overall stock score. However, the high P/E ratio suggests overvaluation, and the technical analysis presents a neutral to slightly bearish outlook. These factors combine to produce a moderate overall stock score.

DPC Dash Limited Business Overview & Revenue Model

Company Description

DPC Dash Ltd, together with its subsidiaries, operates a chain of fast-food restaurants in the People's Republic of China. The company operates a network of Domino's Pizza stores under Domino's brand name. It also offers fast-food products, such as pizza, chicken products, and beverages. The company also produces and sells dough products; and offers warehousing services. In addition, it engages in investment holding activities. The company was formerly known as Dash Brands Ltd. DPC Dash Ltd was incorporated in 2008 and is based in Shanghai, China.

How the Company Makes Money

DPC Dash Limited generates revenue primarily through its network of Domino's Pizza outlets in mainland China. The company's key revenue streams include the sale of pizza and other food items directly to consumers, both for dine-in and delivery. DPC Dash benefits from the established brand recognition and operational support of Domino's Pizza, which helps drive customer traffic and sales. Additional revenue comes from franchise fees and royalties paid by sub-franchisees operating under the DPC Dash umbrella. Strategic partnerships with delivery platforms and local suppliers also play a role in enhancing the company's market reach and operational efficiency, contributing to its overall earnings.

DPC Dash Limited Financial Statement Overview

Summary

DPC Dash Limited exhibits strong financial health with consistent revenue growth, improved profitability, and efficient cash flow management. The balance sheet reflects a solid equity position and reduced leverage, although liabilities have increased.

Income Statement

DPC Dash Limited has demonstrated a strong upward trajectory in revenue, with a significant revenue growth rate of 41.45% from 2023 to 2024. The company has improved its net profit margin to 1.28% from a negative in the previous year, indicating improved profitability. The gross profit margin stands at 22.77%, and the EBIT margin is at a healthy 19.96%. These margins reflect efficient operations and cost management. However, the EBITDA margin has decreased, suggesting potential challenges in operational efficiency.

Balance Sheet

The company maintains a stable balance sheet with an improved equity ratio of 46.02% and a reduced debt-to-equity ratio of 0.70, indicating prudent financial management and strong equity base. Return on equity (ROE) improved to 2.46%, reflecting better returns to shareholders. However, the company's total liabilities have increased, which could pose future risks if not managed carefully.

Cash Flow

DPC Dash Limited has shown robust cash flow performance with a free cash flow growth rate of 102.51% and a strong operating cash flow to net income ratio of 14.83, highlighting efficient cash operations. The free cash flow to net income ratio is 8.07, indicating positive cash generation relative to profit. Despite the positive cash flow metrics, attention should be paid to managing capital expenditures to sustain growth.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
4.31B	3.05B	2.02B	1.61B	1.10B
	Gross Profit
1.91B	572.31M	1.47B	1.19B	793.55M
	EBIT
161.20M	501.47M	-121.62M	-397.91M	-200.41M
	EBITDA
416.36M	519.11M	223.80M	-101.17M	37.76M
	Net Income Common Stockholders
55.20M	-26.60M	-222.63M	-471.06M	-274.05M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.07B	1.02B	544.46M	656.67M	257.39M
	Total Assets
4.88B	4.15B	3.27B	3.16B	2.65B
	Total Debt
1.57B	1.24B	1.89B	1.65B	1.11B
	Net Debt
498.88M	218.94M	1.34B	989.08M	857.27M
	Total Liabilities
2.63B	2.05B	2.52B	2.20B	1.57B
	Stockholders Equity
2.24B	2.10B	753.13M	957.88M	1.07B
Cash Flow		Free Cash Flow
445.26M	219.88M	87.61M	147.28M	-54.92M
	Operating Cash Flow
818.42M	536.09M	298.21M	332.09M	103.54M
	Investing Cash Flow
41.61M	-732.12M	-207.23M	-181.74M	-152.41M
	Financing Cash Flow
-382.01M	217.08M	-224.57M	242.99M	233.57M

DPC Dash Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 87.90
• 50DMA: Negative
• 100DMA: Negative
• 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:1405, the sentiment is Neutral. The current price of 87.9 is below the 20-day moving average (MA) of 94.13, below the 50-day MA of 96.50, and above the 200-day MA of 82.85, indicating a neutral trend. The MACD of -2.06 indicates Positive momentum. The RSI at 42.77 is Neutral, neither overbought nor oversold. The STOCH value of 21.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:1405.

DPC Dash Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1530	76 Outperform	$57.57B	25.66	14.19%	1.04%	14.36%	33.22%
1405	70 Outperform	HK$11.45B	197.61	2.55%	―	38.99%	―
Sector *	63 Neutral	$6.98B	11.41	2.80%	4.24%	2.68%	-24.94%
1548	61 Neutral	$36.41B	0.97	-6.09%	―	41.41%	7.26%
0522	58 Neutral	$23.89B	68.89	2.23%	2.44%	-9.99%	-51.96%
0683	52 Neutral	HK$27.43B	33.95	0.76%	9.86%	50.11%	-75.09%
0488	43 Neutral	HK$755.73M	―	-7.26%	―	2.20%	43.92%

DPC Dash Limited Corporate Events

DPC Dash Ltd Secures Shareholder Approval for Key Resolutions at AGM

DPC Dash Limited announced the successful approval of all resolutions at its Annual General Meeting held on May 29, 2025. The resolutions included the adoption of the audited financial statements for 2024, re-election of directors, re-appointment of auditors, and granting of general mandates to issue and repurchase shares. The approval of these resolutions reflects strong shareholder support and positions the company for continued governance and operational activities.

The most recent analyst rating on (HK:1405) stock is a Buy with a HK$125.00 price target. To see the full list of analyst forecasts on DPC Dash Limited stock, see the HK:1405 Stock Forecast page.

DPC Dash Limited Announces 2024 AGM with Key Resolutions

DPC Dash Limited, incorporated in the British Virgin Islands, has announced its 2024 Annual General Meeting (AGM) to be held electronically on May 29, 2025. The AGM will address several key resolutions, including the adoption of the company’s audited financial statements for 2024, the re-election of several directors, and the re-appointment of PricewaterhouseCoopers as the company’s auditor. Additionally, the meeting will consider resolutions to authorize the company’s directors to allot and issue additional shares, with specific limitations on the aggregate number of shares.

DPC Dash Limited Announces Board Composition and Roles

DPC Dash Limited has announced the composition of its board of directors, highlighting the roles and functions within the company. The board includes executive, non-executive, and independent non-executive directors, with specific members assigned to the audit and risk, remuneration, and nomination committees. This announcement provides clarity on the governance structure and may impact the company’s strategic direction and stakeholder confidence.

DPC Dash Announces Board Changes with New Non-Executive Director Appointment

DPC Dash Limited has announced changes to its board of directors, with Mr. Joseph Hugh Jordan resigning as a non-executive director to focus on other professional engagements, and Mr. Weiking Ng being appointed as his replacement. Mr. Ng brings extensive experience from the food and beverage industry, having held significant roles at Domino’s Pizza International and other major companies, which could positively impact DPC Dash’s strategic direction and growth initiatives.

DPC Dash Limited Announces Grant of Options Under 2022 Incentive Plan

DPC Dash Limited, a company listed on the Hong Kong Stock Exchange, has announced the grant of 215,366 options to five employee participants under its 2022 First Share Incentive Plan. This grant represents approximately 0.16% of the company’s total issued share capital. The options, which have an exercise price of HK$105.87 per share, will vest equally over four years and have a ten-year exercise period. The announcement outlines the terms and conditions of the option grant, including a clawback mechanism for misconduct or breach of the plan. The grant does not involve any directors or substantial shareholders, and no financial assistance was provided for the purchase of shares.

DPC Dash Limited Reports Strong Annual Results for 2024

DPC Dash Limited announced its audited consolidated annual results for the year ended December 31, 2024, reporting a significant increase in revenue and profitability. The company achieved a 41.4% rise in revenue to RMB 4,314,093,000 and a remarkable profit before income tax growth of 4,278.2%. The results indicate a strong operational performance with improved profit margins, reflecting positively on the company’s market positioning and potential future growth.