Financials Dah Sing Banking Group Limited

Equities

2356

HK2356013600

Banks

Market Closed - Hong Kong S.E. 04:08:20 2024-04-26 am EDT 5-day change 1st Jan Change
6.39 HKD +1.11% Intraday chart for Dah Sing Banking Group Limited +4.75% +26.79%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 19,427 14,648 11,190 9,362 7,872 8,983 8,983 -
Enterprise Value (EV) 1 19,427 14,648 11,190 9,362 7,872 7,085 8,983 8,983
P/E ratio 7.81 x 6.55 x 7.51 x 5.64 x 5.23 x 4.1 x 4.43 x 4.13 x
Yield 3.47% 4.61% 3.77% 5.11% 6.96% 11.9% 10.5% 10.2%
Capitalization / Revenue 3.39 x 2.72 x 2.13 x 1.74 x 1.15 x 1.2 x 1.42 x 1.41 x
EV / Revenue 3.39 x 2.72 x 2.13 x 1.74 x 1.15 x 1.2 x 1.42 x 1.41 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.76 x 0.54 x 0.39 x 0.31 x 0.26 x 0.22 x 0.26 x 0.25 x
Nbr of stocks (in thousands) 1,405,690 1,405,752 1,405,752 1,405,752 1,405,752 1,405,752 1,405,752 -
Reference price 2 13.82 10.42 7.960 6.660 5.600 6.390 6.390 6.390
Announcement Date 3/27/19 3/25/20 3/24/21 3/31/22 3/31/23 3/28/24 - -
1HKD in Million2HKD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 5,730 5,388 5,249 5,384 6,826 5,916 6,337 6,358
EBITDA - - - - - - - -
EBIT 1 3,030 2,538 2,416 2,363 3,810 2,747 3,054 3,115
Operating Margin 52.87% 47.1% 46.03% 43.89% 55.82% 46.44% 48.19% 48.99%
Earnings before Tax (EBT) 1 2,907 2,593 1,809 1,966 1,970 2,142 2,454 2,633
Net income 1 2,480 2,240 1,493 1,658 1,609 1,860 2,026 2,176
Net margin 43.28% 41.57% 28.45% 30.79% 23.57% 31.44% 31.96% 34.22%
EPS 2 1.770 1.590 1.060 1.180 1.070 1.230 1.441 1.548
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.4800 0.4800 0.3000 0.3400 0.3900 0.6000 0.6692 0.6528
Announcement Date 3/27/19 3/25/20 3/24/21 3/31/22 3/31/23 3/28/24 - -
1HKD in Million2HKD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S1 2019 S2 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2
Net sales 1 2,661 2,727 2,618 2,631 2,721 2,663 2,627 4,200 2,691 3,225 3,179 3,110
EBITDA - - - - - - - - - - - -
EBIT 1,289 - - - - - - - - - - -
Operating Margin 48.46% - - - - - - - - - - -
Earnings before Tax (EBT) 1,549 - - - - - - - - - - -
Net income 1,355 - - - - - - - - - - -
Net margin 50.91% - - - - - - - - - - -
EPS - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - -
Announcement Date 8/28/19 3/25/20 8/26/20 3/24/21 8/25/21 3/31/22 8/24/22 3/31/23 8/23/23 3/28/24 - -
1HKD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 9.8% 8.5% 5.4% 5.7% 5.27% 6% 6.05% 6.19%
ROA (Net income/ Total Assets) 1.1% 0.9% 0.6% 0.7% 0.64% 0.7% 0.76% 0.78%
Assets 1 225,430 248,893 248,854 236,794 250,514 265,758 266,873 279,668
Book Value Per Share 2 18.20 19.40 20.20 21.30 21.30 23.20 24.50 25.50
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 3/27/19 3/25/20 3/24/21 3/31/22 3/31/23 3/28/24 - -
1HKD in Million2HKD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
2
Last Close Price
6.39 HKD
Average target price
7.75 HKD
Spread / Average Target
+21.28%
Consensus

Quarterly revenue - Rate of surprise

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