View ValuationDashang 将来の成長Future 基準チェック /16Dashangは、13.4%と6.5%でそれぞれ年率13.4%で利益と収益が成長すると予測される一方、EPSはgrowで13.5%年率。主要情報13.4%収益成長率13.51%EPS成長率Multiline Retail 収益成長39.5%収益成長率6.5%将来の株主資本利益率n/aアナリストカバレッジLow最終更新日27 Apr 2026今後の成長に関する最新情報Price Target Changed • Dec 24Price target decreased by 9.1% to CN¥25.50Down from CN¥28.05, the current price target is an average from 2 analysts. New target price is 38% above last closing price of CN¥18.47. Stock is down 19% over the past year. The company is forecast to post earnings per share of CN¥1.79 for next year compared to CN¥1.70 last year.Price Target Changed • Feb 10Price target increased by 18% to CN¥26.28Up from CN¥22.32, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CN¥27.15. Stock is up 86% over the past year. The company is forecast to post earnings per share of CN¥1.87 for next year compared to CN¥1.61 last year.Major Estimate Revision • Apr 20Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥2.17 to CN¥1.93 per share. Revenue forecast steady at CN¥7.52b. Net income forecast to grow 12% next year vs 17% growth forecast for Multiline Retail industry in China. Consensus price target of CN¥20.00 unchanged from last update. Share price was steady at CN¥19.05 over the past week.Major Estimate Revision • Sep 01Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from CN¥8.06b to CN¥7.01b. EPS estimate unchanged from CN¥2.07 per share at last update. Multiline Retail industry in China expected to see average net income growth of 13% next year. Consensus price target of CN¥22.00 unchanged from last update. Share price rose 2.4% to CN¥17.63 over the past week.Price Target Changed • Apr 27Price target decreased to CN¥22.00Down from CN¥34.43, the current price target is provided by 1 analyst. New target price is 13% above last closing price of CN¥19.42. Stock is down 1.2% over the past year. The company is forecast to post earnings per share of CN¥2.07 for next year compared to CN¥2.44 last year.Price Target Changed • Feb 10Price target lowered to CN¥28.32Down from CN¥34.43, the current price target is provided by 1 analyst. The new target price is 55% above the current share price of CN¥18.28. As of last close, the stock is down 26% over the past year.すべての更新を表示Recent updatesDeclared Dividend • May 27Dividend of CN¥1.00 announcedShareholders will receive a dividend of CN¥1.00. Ex-date: 29th May 2026 Payment date: 29th May 2026 Dividend yield will be 5.8%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (69% earnings payout ratio) and cash flows (57% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 14% over the next year, which should provide support to the dividend and adequate earnings cover.お知らせ • Apr 24Dashang Co., Ltd., Annual General Meeting, May 15, 2026Dashang Co., Ltd., Annual General Meeting, May 15, 2026, at 09:00 China Standard Time. Location: The Company Headquarters' Meeting Room, Dalian, Liaoning ChinaReported Earnings • Apr 24First quarter 2026 earnings released: EPS: CN¥0.80 (vs CN¥0.77 in 1Q 2025)First quarter 2026 results: EPS: CN¥0.80 (up from CN¥0.77 in 1Q 2025). Revenue: CN¥1.98b (up 2.7% from 1Q 2025). Net income: CN¥274.5m (up 3.6% from 1Q 2025). Profit margin: 14% (in line with 1Q 2025). Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 3% per year.お知らせ • Mar 30Dashang Co., Ltd. to Report Q1, 2026 Results on Apr 24, 2026Dashang Co., Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026Buy Or Sell Opportunity • Jan 15Now 22% undervaluedOver the last 90 days, the stock has risen 10% to CN¥19.34. The fair value is estimated to be CN¥24.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.1% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 45% in the next 2 years.お知らせ • Dec 26Dashang Co., Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026Dashang Co., Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026Price Target Changed • Dec 24Price target decreased by 9.1% to CN¥25.50Down from CN¥28.05, the current price target is an average from 2 analysts. New target price is 38% above last closing price of CN¥18.47. Stock is down 19% over the past year. The company is forecast to post earnings per share of CN¥1.79 for next year compared to CN¥1.70 last year.Reported Earnings • Oct 31Third quarter 2025 earnings released: EPS: CN¥0.18 (vs CN¥0.25 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.18 (down from CN¥0.25 in 3Q 2024). Revenue: CN¥1.42b (down 13% from 3Q 2024). Net income: CN¥61.4m (down 30% from 3Q 2024). Profit margin: 4.3% (down from 5.4% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Sep 30Dashang Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025Dashang Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025お知らせ • Jun 30Dashang Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025Dashang Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025Declared Dividend • Jun 02Dividend of CN¥1.00 announcedShareholders will receive a dividend of CN¥1.00. Ex-date: 10th June 2025 Payment date: 10th June 2025 Dividend yield will be 4.2%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (60% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 31% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Apr 28First quarter 2025 earnings released: EPS: CN¥0.85 (vs CN¥0.84 in 1Q 2024)First quarter 2025 results: EPS: CN¥0.85 (up from CN¥0.84 in 1Q 2024). Revenue: CN¥1.93b (down 8.0% from 1Q 2024). Net income: CN¥265.0m (flat on 1Q 2024). Profit margin: 14% (up from 13% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.New Risk • Apr 27New major risk - Revenue and earnings growthEarnings have declined by 2.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.9% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.お知らせ • Apr 26Dashang Co., Ltd., Annual General Meeting, May 16, 2025Dashang Co., Ltd., Annual General Meeting, May 16, 2025, at 09:30 China Standard Time. Location: The Company Headquarters' Meeting Room, Dalian, Liaoning ChinaValuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥26.69, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 25x in the Multiline Retail industry in China. Total returns to shareholders of 70% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥26.68 per share.お知らせ • Mar 28Dashang Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025Dashang Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025分析記事 • Mar 18Capital Allocation Trends At Dashang (SHSE:600694) Aren't IdealIf you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...Buy Or Sell Opportunity • Feb 21Now 21% undervaluedOver the last 90 days, the stock has risen 18% to CN¥23.21. The fair value is estimated to be CN¥29.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.0% over the last 3 years. Earnings per share has declined by 12%. Revenue is forecast to grow by 7.4% in 2 years. Earnings are forecast to grow by 17% in the next 2 years.New Risk • Feb 10New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.7% average weekly change).Price Target Changed • Feb 10Price target increased by 18% to CN¥26.28Up from CN¥22.32, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CN¥27.15. Stock is up 86% over the past year. The company is forecast to post earnings per share of CN¥1.87 for next year compared to CN¥1.61 last year.分析記事 • Feb 07Calculating The Fair Value Of Dashang Co., Ltd. (SHSE:600694)Key Insights Dashang's estimated fair value is CN¥30.56 based on 2 Stage Free Cash Flow to Equity With CN¥24.84 share...Buy Or Sell Opportunity • Jan 03Now 21% undervaluedOver the last 90 days, the stock has risen 28% to CN¥24.53. The fair value is estimated to be CN¥30.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.0% over the last 3 years. Earnings per share has declined by 12%. Revenue is forecast to grow by 6.6% in 2 years. Earnings are forecast to grow by 13% in the next 2 years.Valuation Update With 7 Day Price Move • Dec 30Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥27.76, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 26x in the Multiline Retail industry in China. Total returns to shareholders of 87% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥30.70 per share.お知らせ • Dec 27Dashang Co., Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025Dashang Co., Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025Buy Or Sell Opportunity • Dec 19Now 20% undervaluedOver the last 90 days, the stock has risen 60% to CN¥24.30. The fair value is estimated to be CN¥30.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.0% over the last 3 years. Earnings per share has declined by 12%. Revenue is forecast to grow by 6.6% in 2 years. Earnings are forecast to grow by 13% in the next 2 years.Valuation Update With 7 Day Price Move • Dec 12Investor sentiment improves as stock rises 21%After last week's 21% share price gain to CN¥26.39, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 25x in the Multiline Retail industry in China. Total returns to shareholders of 82% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥30.30 per share.分析記事 • Dec 04Dashang Co., Ltd.'s (SHSE:600694) Shares Bounce 27% But Its Business Still Trails The MarketDespite an already strong run, Dashang Co., Ltd. ( SHSE:600694 ) shares have been powering on, with a gain of 27% in...Reported Earnings • Oct 23Third quarter 2024 earnings released: EPS: CN¥0.28 (vs CN¥0.30 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.28 (down from CN¥0.30 in 3Q 2023). Revenue: CN¥1.62b (down 4.6% from 3Q 2023). Net income: CN¥87.3m (down 8.2% from 3Q 2023). Profit margin: 5.4% (down from 5.6% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.分析記事 • Oct 17A Look At The Fair Value Of Dashang Co., Ltd. (SHSE:600694)Key Insights The projected fair value for Dashang is CN¥20.02 based on 2 Stage Free Cash Flow to Equity Current share...お知らせ • Sep 30Dashang Co., Ltd. to Report Q3, 2024 Results on Oct 23, 2024Dashang Co., Ltd. announced that they will report Q3, 2024 results on Oct 23, 2024Valuation Update With 7 Day Price Move • Sep 27Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥17.83, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 19x in the Multiline Retail industry in China. Total returns to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥19.94 per share.Buy Or Sell Opportunity • Sep 12Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 13% to CN¥15.28. The fair value is estimated to be CN¥19.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.3% over the last 3 years. Earnings per share has declined by 14%. Revenue is forecast to grow by 5.6% in 2 years. Earnings are forecast to grow by 9.2% in the next 2 years.Reported Earnings • Aug 31Second quarter 2024 earnings released: EPS: CN¥0.58 (vs CN¥0.45 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.58 (up from CN¥0.45 in 2Q 2023). Revenue: CN¥1.58b (down 7.6% from 2Q 2023). Net income: CN¥180.8m (up 28% from 2Q 2023). Profit margin: 12% (up from 8.3% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.お知らせ • Jun 28Dashang Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024Dashang Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024New Risk • Jun 11New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 10.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (10.0% increase in shares outstanding).Valuation Update With 7 Day Price Move • Jun 11Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥16.86, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 21x in the Multiline Retail industry in China. Total loss to shareholders of 3.5% over the past three years.分析記事 • Jun 07Dashang (SHSE:600694) Is Increasing Its Dividend To CN¥1.00The board of Dashang Co., Ltd. ( SHSE:600694 ) has announced that it will be paying its dividend of CN¥1.00 on the 11th...Declared Dividend • Jun 06Dividend increased to CN¥1.00Dividend of CN¥1.00 is 100% higher than last year. Ex-date: 11th June 2024 Payment date: 11th June 2024 Dividend yield will be 5.2%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 5.1% over the next year, which should provide support to the dividend and adequate earnings cover.分析記事 • Apr 25Dashang's (SHSE:600694) Soft Earnings Don't Show The Whole PictureThe most recent earnings report from Dashang Co., Ltd. ( SHSE:600694 ) was disappointing for shareholders. However, our...Major Estimate Revision • Apr 20Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥2.17 to CN¥1.93 per share. Revenue forecast steady at CN¥7.52b. Net income forecast to grow 12% next year vs 17% growth forecast for Multiline Retail industry in China. Consensus price target of CN¥20.00 unchanged from last update. Share price was steady at CN¥19.05 over the past week.Reported Earnings • Apr 15Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: CN¥1.77 (down from CN¥1.93 in FY 2022). Revenue: CN¥7.33b (flat on FY 2022). Net income: CN¥505.1m (down 8.0% from FY 2022). Profit margin: 6.9% (down from 7.5% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 12%. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.お知らせ • Apr 13Dashang Co., Ltd., Annual General Meeting, May 08, 2024Dashang Co., Ltd., Annual General Meeting, May 08, 2024, at 09:00 China Standard Time.お知らせ • Mar 29Dashang Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024Dashang Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024Valuation Update With 7 Day Price Move • Feb 05Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥14.22, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 14x in the Multiline Retail industry in China. Total loss to shareholders of 8.9% over the past three years.お知らせ • Dec 29Dashang Co., Ltd. to Report Fiscal Year 2023 Results on Apr 13, 2024Dashang Co., Ltd. announced that they will report fiscal year 2023 results on Apr 13, 2024Reported Earnings • Oct 26Third quarter 2023 earnings released: EPS: CN¥0.33 (vs CN¥0.28 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.33 (up from CN¥0.28 in 3Q 2022). Revenue: CN¥1.70b (down 11% from 3Q 2022). Net income: CN¥95.1m (up 19% from 3Q 2022). Profit margin: 5.6% (up from 4.2% in 3Q 2022). Revenue is forecast to grow 4.3% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 10% per year.New Risk • Oct 26New major risk - Revenue and earnings growthEarnings have declined by 14% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 14% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.お知らせ • Sep 30Dashang Co., Ltd. to Report Q3, 2023 Results on Oct 26, 2023Dashang Co., Ltd. announced that they will report Q3, 2023 results on Oct 26, 2023Reported Earnings • Aug 31Second quarter 2023 earnings released: EPS: CN¥0.50 (vs CN¥0.68 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.50 (down from CN¥0.68 in 2Q 2022). Revenue: CN¥1.70b (up 5.4% from 2Q 2022). Net income: CN¥140.9m (down 27% from 2Q 2022). Profit margin: 8.3% (down from 12% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.8% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings.Reported Earnings • Apr 06Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: EPS: CN¥1.93 (down from CN¥2.64 in FY 2021). Revenue: CN¥7.28b (down 13% from FY 2021). Net income: CN¥549.2m (down 28% from FY 2021). Profit margin: 7.5% (down from 9.1% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.8%. Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 7% per year.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Ying Zhang was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Oct 31Third quarter 2022 earnings released: EPS: CN¥0.28 (vs CN¥0.54 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.28 (down from CN¥0.54 in 3Q 2021). Revenue: CN¥1.91b (up 8.1% from 3Q 2021). Net income: CN¥80.2m (down 47% from 3Q 2021). Profit margin: 4.2% (down from 8.6% in 3Q 2021). Revenue is forecast to stay flat during the next 2 years compared to a 14% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings.Reported Earnings • Sep 02Second quarter 2022 earnings released: EPS: CN¥0.68 (vs CN¥0.72 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.68 (down from CN¥0.72 in 2Q 2021). Revenue: CN¥1.62b (down 15% from 2Q 2021). Net income: CN¥191.9m (down 7.8% from 2Q 2021). Profit margin: 12% (up from 11% in 2Q 2021). Over the next year, revenue is expected to shrink by 2.4% compared to a 142% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 13% per year.Major Estimate Revision • Sep 01Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from CN¥8.06b to CN¥7.01b. EPS estimate unchanged from CN¥2.07 per share at last update. Multiline Retail industry in China expected to see average net income growth of 13% next year. Consensus price target of CN¥22.00 unchanged from last update. Share price rose 2.4% to CN¥17.63 over the past week.お知らせ • May 28Shenyang Dashang New Mart Shopping and Leisure Plaza Co., Ltd. agreed to acquire Dashang Group Anshan Commercial Investment Co., Ltd. from Dashang Co., Ltd. (SHSE:600694) for CNY 282.8 million.Shenyang Dashang New Mart Shopping and Leisure Plaza Co., Ltd. agreed to acquire Dashang Group Anshan Commercial Investment Co., Ltd. from Dashang Co., Ltd. (SHSE:600694) for CNY 282.8 million on May 25, 2022. The transaction is subject to shareholders approval and has been approved by board of Dashang.Reported Earnings • May 05First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2022 results: EPS: CN¥0.82 (down from CN¥0.99 in 1Q 2021). Revenue: CN¥2.20b (down 11% from 1Q 2021). Net income: CN¥234.1m (down 19% from 1Q 2021). Profit margin: 11% (down from 12% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) exceeded analyst estimates by 2.5%. Over the next year, revenue is forecast to grow 5.3%, compared to a 13% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.Price Target Changed • Apr 27Price target decreased to CN¥22.00Down from CN¥34.43, the current price target is provided by 1 analyst. New target price is 13% above last closing price of CN¥19.42. Stock is down 1.2% over the past year. The company is forecast to post earnings per share of CN¥2.07 for next year compared to CN¥2.44 last year.Board Change • Apr 27Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Director Ying Zhang was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.Reported Earnings • Apr 10Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: CN¥2.44 (up from CN¥1.70 in FY 2020). Revenue: CN¥7.93b (down 2.3% from FY 2020). Net income: CN¥702.2m (up 41% from FY 2020). Profit margin: 8.9% (up from 6.2% in FY 2020). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) exceeded analyst estimates by 2.5%. Over the next year, revenue is forecast to grow 8.1%, compared to a 11% growth forecast for the retail industry in China. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 13% per year.Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS CN¥0.54 (vs CN¥0.60 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2021 results: Revenue: CN¥1.77b (down 12% from 3Q 2020). Net income: CN¥152.5m (down 6.1% from 3Q 2020). Profit margin: 8.6% (up from 8.1% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 26Second quarter 2021 earnings released: EPS CN¥0.72 (vs CN¥0.75 in 2Q 2020)The company reported a soft second quarter result with weaker earnings, although revenues and profit margins were flat. Second quarter 2021 results: Revenue: CN¥1.91b (flat on 2Q 2020). Net income: CN¥208.0m (down 7.2% from 2Q 2020). Profit margin: 11% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.Reported Earnings • May 04First quarter 2021 earnings released: EPS CN¥0.99 (vs CN¥0.19 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥2.46b (up 19% from 1Q 2020). Net income: CN¥289.6m (up 432% from 1Q 2020). Profit margin: 12% (up from 2.6% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 17% per year.Reported Earnings • Apr 17Full year 2020 earnings released: EPS CN¥1.70 (vs CN¥3.04 in FY 2019)The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: CN¥8.12b (down 63% from FY 2019). Net income: CN¥499.4m (down 44% from FY 2019). Profit margin: 6.2% (up from 4.1% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.Price Target Changed • Feb 10Price target lowered to CN¥28.32Down from CN¥34.43, the current price target is provided by 1 analyst. The new target price is 55% above the current share price of CN¥18.28. As of last close, the stock is down 26% over the past year.Is New 90 Day High Low • Jan 25New 90-day low: CN¥18.71The company is down 18% from its price of CN¥22.90 on 27 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Multiline Retail industry, which is down 16% over the same period.Is New 90 Day High Low • Jan 07New 90-day low: CN¥19.45The company is down 18% from its price of CN¥23.64 on 09 October 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Multiline Retail industry, which is down 13% over the same period.Is New 90 Day High Low • Dec 18New 90-day low: CN¥20.67The company is down 16% from its price of CN¥24.64 on 18 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Multiline Retail industry, which is down 12% over the same period.Is New 90 Day High Low • Dec 02New 90-day low: CN¥22.54The company is down 10.0% from its price of CN¥25.08 on 03 September 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Multiline Retail industry, which is down 13% over the same period.Major Estimate Revision • Nov 04Analysts lower revenue estimates to CN¥12.5bThe 2020 consensus revenue estimate decreased from CN¥18.1b. Earning per share (EPS) estimate was also lowered from CN¥2.45 to CN¥1.90 for the same period. Net income is expected to grow by 42% next year compared to 72% growth forecast for the Multiline Retail industry in China. The consensus price target was lowered from CN¥36.02 to CN¥35.02. Share price stayed mostly flat at CN¥22.88 over the past week.Price Target Changed • Oct 29Price target lowered to CN¥34.43Down from CN¥37.77, the current price target is provided by 1 analyst. The new target price is 49% above the current share price of CN¥23.14. As of last close, the stock is down 11% over the past year.Reported Earnings • Oct 29Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥497.9m, down 52% from the prior year. Total revenue was CN¥11.1b over the last 12 months, down 50% from the prior year.Is New 90 Day High Low • Oct 22New 90-day low: CN¥23.20The company is down 11% from its price of CN¥26.18 on 24 July 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Multiline Retail industry, which is down 17% over the same period.Is New 90 Day High Low • Sep 24New 90-day low: CN¥23.30The company is down 2.0% from its price of CN¥23.75 on 24 June 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Multiline Retail industry, which is up 9.0% over the same period.お知らせ • Jul 09Dashang Co., Ltd. to Report First Half, 2020 Results on Aug 25, 2020Dashang Co., Ltd. announced that they will report first half, 2020 results on Aug 25, 2020業績と収益の成長予測SHSE:600694 - アナリストの将来予測と過去の財務データ ( )CNY Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20277,040630N/A1,180212/31/20266,939543N/A3,57013/31/20266,253500602677N/A12/31/20256,202491371461N/A9/30/20256,493500707814N/A6/30/20256,697526865978N/A3/31/20256,781588523625N/A12/31/20246,9495869591,076N/A9/30/20246,944586812899N/A6/30/20247,021594644735N/A3/31/20247,1515541,5911,663N/A12/31/20237,3315051,6121,648N/A9/30/20237,2234931,0171,057N/A6/30/20237,2244571,0961,131N/A3/31/20237,2205131,1931,230N/A12/31/20227,277549668716N/A9/30/20227,6205701,2441,351N/A6/30/20228,0237091,0601,179N/A3/31/20228,235720304433N/A12/31/20218,368760653775N/A9/30/20218,610754152237N/A6/30/20218,524718575654N/A3/31/20218,512735-271-200N/A12/31/20208,117499-183-96N/A9/30/202011,123498281400N/A6/30/202014,086539-19120N/A3/31/202017,4585601,0041,156N/A12/31/201921,888893N/A998N/A9/30/201922,2411,039N/A846N/A6/30/201922,6331,009N/A233N/A3/31/201923,2211,024N/A34N/A12/31/201823,867988N/A164N/A9/30/201824,8071,015N/A-852N/A6/30/201825,677969N/A407N/A3/31/201826,163899N/A938N/A12/31/201726,744877N/A198N/A9/30/201726,785701N/A1,259N/A6/30/201727,062710N/A1,117N/A3/31/201727,268738N/A1,589N/A12/31/201628,088703N/A2,014N/A9/30/201628,775674N/A1,763N/A6/30/201629,394559N/A2,032N/A3/31/201630,239664N/A1,459N/A12/31/201530,832662N/A1,300N/A9/30/201531,438835N/A1,152N/A6/30/201531,7431,093N/A1,110N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 600694の予測収益成長率 (年間13.4% ) は 貯蓄率 ( 2.4% ) を上回っています。収益対市場: 600694の収益 ( 13.4% ) CN市場 ( 26.9% ) よりも低い成長が予測されています。高成長収益: 600694の収益は増加すると予測されていますが、大幅には増加しません。収益対市場: 600694の収益 ( 6.5% ) CN市場 ( 16.4% ) よりも低い成長が予測されています。高い収益成長: 600694の収益 ( 6.5% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 600694の 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YRetail 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/10 10:15終値2026/06/10 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Dashang Co., Ltd. 2 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。6 アナリスト機関Zhuonan XuChina International Capital Corporation LimitedYifan DuCitic Securities Co., Ltd.Caroline LiGoldman Sachs3 その他のアナリストを表示
Price Target Changed • Dec 24Price target decreased by 9.1% to CN¥25.50Down from CN¥28.05, the current price target is an average from 2 analysts. New target price is 38% above last closing price of CN¥18.47. Stock is down 19% over the past year. The company is forecast to post earnings per share of CN¥1.79 for next year compared to CN¥1.70 last year.
Price Target Changed • Feb 10Price target increased by 18% to CN¥26.28Up from CN¥22.32, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CN¥27.15. Stock is up 86% over the past year. The company is forecast to post earnings per share of CN¥1.87 for next year compared to CN¥1.61 last year.
Major Estimate Revision • Apr 20Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥2.17 to CN¥1.93 per share. Revenue forecast steady at CN¥7.52b. Net income forecast to grow 12% next year vs 17% growth forecast for Multiline Retail industry in China. Consensus price target of CN¥20.00 unchanged from last update. Share price was steady at CN¥19.05 over the past week.
Major Estimate Revision • Sep 01Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from CN¥8.06b to CN¥7.01b. EPS estimate unchanged from CN¥2.07 per share at last update. Multiline Retail industry in China expected to see average net income growth of 13% next year. Consensus price target of CN¥22.00 unchanged from last update. Share price rose 2.4% to CN¥17.63 over the past week.
Price Target Changed • Apr 27Price target decreased to CN¥22.00Down from CN¥34.43, the current price target is provided by 1 analyst. New target price is 13% above last closing price of CN¥19.42. Stock is down 1.2% over the past year. The company is forecast to post earnings per share of CN¥2.07 for next year compared to CN¥2.44 last year.
Price Target Changed • Feb 10Price target lowered to CN¥28.32Down from CN¥34.43, the current price target is provided by 1 analyst. The new target price is 55% above the current share price of CN¥18.28. As of last close, the stock is down 26% over the past year.
Declared Dividend • May 27Dividend of CN¥1.00 announcedShareholders will receive a dividend of CN¥1.00. Ex-date: 29th May 2026 Payment date: 29th May 2026 Dividend yield will be 5.8%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (69% earnings payout ratio) and cash flows (57% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 14% over the next year, which should provide support to the dividend and adequate earnings cover.
お知らせ • Apr 24Dashang Co., Ltd., Annual General Meeting, May 15, 2026Dashang Co., Ltd., Annual General Meeting, May 15, 2026, at 09:00 China Standard Time. Location: The Company Headquarters' Meeting Room, Dalian, Liaoning China
Reported Earnings • Apr 24First quarter 2026 earnings released: EPS: CN¥0.80 (vs CN¥0.77 in 1Q 2025)First quarter 2026 results: EPS: CN¥0.80 (up from CN¥0.77 in 1Q 2025). Revenue: CN¥1.98b (up 2.7% from 1Q 2025). Net income: CN¥274.5m (up 3.6% from 1Q 2025). Profit margin: 14% (in line with 1Q 2025). Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 3% per year.
お知らせ • Mar 30Dashang Co., Ltd. to Report Q1, 2026 Results on Apr 24, 2026Dashang Co., Ltd. announced that they will report Q1, 2026 results on Apr 24, 2026
Buy Or Sell Opportunity • Jan 15Now 22% undervaluedOver the last 90 days, the stock has risen 10% to CN¥19.34. The fair value is estimated to be CN¥24.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.1% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 45% in the next 2 years.
お知らせ • Dec 26Dashang Co., Ltd. to Report Fiscal Year 2025 Results on Mar 31, 2026Dashang Co., Ltd. announced that they will report fiscal year 2025 results on Mar 31, 2026
Price Target Changed • Dec 24Price target decreased by 9.1% to CN¥25.50Down from CN¥28.05, the current price target is an average from 2 analysts. New target price is 38% above last closing price of CN¥18.47. Stock is down 19% over the past year. The company is forecast to post earnings per share of CN¥1.79 for next year compared to CN¥1.70 last year.
Reported Earnings • Oct 31Third quarter 2025 earnings released: EPS: CN¥0.18 (vs CN¥0.25 in 3Q 2024)Third quarter 2025 results: EPS: CN¥0.18 (down from CN¥0.25 in 3Q 2024). Revenue: CN¥1.42b (down 13% from 3Q 2024). Net income: CN¥61.4m (down 30% from 3Q 2024). Profit margin: 4.3% (down from 5.4% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Sep 30Dashang Co., Ltd. to Report Q3, 2025 Results on Oct 31, 2025Dashang Co., Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025
お知らせ • Jun 30Dashang Co., Ltd. to Report First Half, 2025 Results on Aug 27, 2025Dashang Co., Ltd. announced that they will report first half, 2025 results on Aug 27, 2025
Declared Dividend • Jun 02Dividend of CN¥1.00 announcedShareholders will receive a dividend of CN¥1.00. Ex-date: 10th June 2025 Payment date: 10th June 2025 Dividend yield will be 4.2%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (60% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 31% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Apr 28First quarter 2025 earnings released: EPS: CN¥0.85 (vs CN¥0.84 in 1Q 2024)First quarter 2025 results: EPS: CN¥0.85 (up from CN¥0.84 in 1Q 2024). Revenue: CN¥1.93b (down 8.0% from 1Q 2024). Net income: CN¥265.0m (flat on 1Q 2024). Profit margin: 14% (up from 13% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
New Risk • Apr 27New major risk - Revenue and earnings growthEarnings have declined by 2.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.9% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
お知らせ • Apr 26Dashang Co., Ltd., Annual General Meeting, May 16, 2025Dashang Co., Ltd., Annual General Meeting, May 16, 2025, at 09:30 China Standard Time. Location: The Company Headquarters' Meeting Room, Dalian, Liaoning China
Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 17%After last week's 17% share price gain to CN¥26.69, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 25x in the Multiline Retail industry in China. Total returns to shareholders of 70% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥26.68 per share.
お知らせ • Mar 28Dashang Co., Ltd. to Report Q1, 2025 Results on Apr 26, 2025Dashang Co., Ltd. announced that they will report Q1, 2025 results on Apr 26, 2025
分析記事 • Mar 18Capital Allocation Trends At Dashang (SHSE:600694) Aren't IdealIf you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...
Buy Or Sell Opportunity • Feb 21Now 21% undervaluedOver the last 90 days, the stock has risen 18% to CN¥23.21. The fair value is estimated to be CN¥29.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.0% over the last 3 years. Earnings per share has declined by 12%. Revenue is forecast to grow by 7.4% in 2 years. Earnings are forecast to grow by 17% in the next 2 years.
New Risk • Feb 10New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.7% average weekly change).
Price Target Changed • Feb 10Price target increased by 18% to CN¥26.28Up from CN¥22.32, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of CN¥27.15. Stock is up 86% over the past year. The company is forecast to post earnings per share of CN¥1.87 for next year compared to CN¥1.61 last year.
分析記事 • Feb 07Calculating The Fair Value Of Dashang Co., Ltd. (SHSE:600694)Key Insights Dashang's estimated fair value is CN¥30.56 based on 2 Stage Free Cash Flow to Equity With CN¥24.84 share...
Buy Or Sell Opportunity • Jan 03Now 21% undervaluedOver the last 90 days, the stock has risen 28% to CN¥24.53. The fair value is estimated to be CN¥30.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.0% over the last 3 years. Earnings per share has declined by 12%. Revenue is forecast to grow by 6.6% in 2 years. Earnings are forecast to grow by 13% in the next 2 years.
Valuation Update With 7 Day Price Move • Dec 30Investor sentiment improves as stock rises 16%After last week's 16% share price gain to CN¥27.76, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 26x in the Multiline Retail industry in China. Total returns to shareholders of 87% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥30.70 per share.
お知らせ • Dec 27Dashang Co., Ltd. to Report Fiscal Year 2024 Results on Apr 26, 2025Dashang Co., Ltd. announced that they will report fiscal year 2024 results on Apr 26, 2025
Buy Or Sell Opportunity • Dec 19Now 20% undervaluedOver the last 90 days, the stock has risen 60% to CN¥24.30. The fair value is estimated to be CN¥30.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.0% over the last 3 years. Earnings per share has declined by 12%. Revenue is forecast to grow by 6.6% in 2 years. Earnings are forecast to grow by 13% in the next 2 years.
Valuation Update With 7 Day Price Move • Dec 12Investor sentiment improves as stock rises 21%After last week's 21% share price gain to CN¥26.39, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 25x in the Multiline Retail industry in China. Total returns to shareholders of 82% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥30.30 per share.
分析記事 • Dec 04Dashang Co., Ltd.'s (SHSE:600694) Shares Bounce 27% But Its Business Still Trails The MarketDespite an already strong run, Dashang Co., Ltd. ( SHSE:600694 ) shares have been powering on, with a gain of 27% in...
Reported Earnings • Oct 23Third quarter 2024 earnings released: EPS: CN¥0.28 (vs CN¥0.30 in 3Q 2023)Third quarter 2024 results: EPS: CN¥0.28 (down from CN¥0.30 in 3Q 2023). Revenue: CN¥1.62b (down 4.6% from 3Q 2023). Net income: CN¥87.3m (down 8.2% from 3Q 2023). Profit margin: 5.4% (down from 5.6% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
分析記事 • Oct 17A Look At The Fair Value Of Dashang Co., Ltd. (SHSE:600694)Key Insights The projected fair value for Dashang is CN¥20.02 based on 2 Stage Free Cash Flow to Equity Current share...
お知らせ • Sep 30Dashang Co., Ltd. to Report Q3, 2024 Results on Oct 23, 2024Dashang Co., Ltd. announced that they will report Q3, 2024 results on Oct 23, 2024
Valuation Update With 7 Day Price Move • Sep 27Investor sentiment improves as stock rises 18%After last week's 18% share price gain to CN¥17.83, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 19x in the Multiline Retail industry in China. Total returns to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥19.94 per share.
Buy Or Sell Opportunity • Sep 12Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 13% to CN¥15.28. The fair value is estimated to be CN¥19.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.3% over the last 3 years. Earnings per share has declined by 14%. Revenue is forecast to grow by 5.6% in 2 years. Earnings are forecast to grow by 9.2% in the next 2 years.
Reported Earnings • Aug 31Second quarter 2024 earnings released: EPS: CN¥0.58 (vs CN¥0.45 in 2Q 2023)Second quarter 2024 results: EPS: CN¥0.58 (up from CN¥0.45 in 2Q 2023). Revenue: CN¥1.58b (down 7.6% from 2Q 2023). Net income: CN¥180.8m (up 28% from 2Q 2023). Profit margin: 12% (up from 8.3% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
お知らせ • Jun 28Dashang Co., Ltd. to Report First Half, 2024 Results on Aug 31, 2024Dashang Co., Ltd. announced that they will report first half, 2024 results on Aug 31, 2024
New Risk • Jun 11New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 10.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (10.0% increase in shares outstanding).
Valuation Update With 7 Day Price Move • Jun 11Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to CN¥16.86, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 21x in the Multiline Retail industry in China. Total loss to shareholders of 3.5% over the past three years.
分析記事 • Jun 07Dashang (SHSE:600694) Is Increasing Its Dividend To CN¥1.00The board of Dashang Co., Ltd. ( SHSE:600694 ) has announced that it will be paying its dividend of CN¥1.00 on the 11th...
Declared Dividend • Jun 06Dividend increased to CN¥1.00Dividend of CN¥1.00 is 100% higher than last year. Ex-date: 11th June 2024 Payment date: 11th June 2024 Dividend yield will be 5.2%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 5.1% over the next year, which should provide support to the dividend and adequate earnings cover.
分析記事 • Apr 25Dashang's (SHSE:600694) Soft Earnings Don't Show The Whole PictureThe most recent earnings report from Dashang Co., Ltd. ( SHSE:600694 ) was disappointing for shareholders. However, our...
Major Estimate Revision • Apr 20Consensus EPS estimates fall by 11%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CN¥2.17 to CN¥1.93 per share. Revenue forecast steady at CN¥7.52b. Net income forecast to grow 12% next year vs 17% growth forecast for Multiline Retail industry in China. Consensus price target of CN¥20.00 unchanged from last update. Share price was steady at CN¥19.05 over the past week.
Reported Earnings • Apr 15Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: CN¥1.77 (down from CN¥1.93 in FY 2022). Revenue: CN¥7.33b (flat on FY 2022). Net income: CN¥505.1m (down 8.0% from FY 2022). Profit margin: 6.9% (down from 7.5% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 12%. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
お知らせ • Apr 13Dashang Co., Ltd., Annual General Meeting, May 08, 2024Dashang Co., Ltd., Annual General Meeting, May 08, 2024, at 09:00 China Standard Time.
お知らせ • Mar 29Dashang Co., Ltd. to Report Q1, 2024 Results on Apr 30, 2024Dashang Co., Ltd. announced that they will report Q1, 2024 results on Apr 30, 2024
Valuation Update With 7 Day Price Move • Feb 05Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to CN¥14.22, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 14x in the Multiline Retail industry in China. Total loss to shareholders of 8.9% over the past three years.
お知らせ • Dec 29Dashang Co., Ltd. to Report Fiscal Year 2023 Results on Apr 13, 2024Dashang Co., Ltd. announced that they will report fiscal year 2023 results on Apr 13, 2024
Reported Earnings • Oct 26Third quarter 2023 earnings released: EPS: CN¥0.33 (vs CN¥0.28 in 3Q 2022)Third quarter 2023 results: EPS: CN¥0.33 (up from CN¥0.28 in 3Q 2022). Revenue: CN¥1.70b (down 11% from 3Q 2022). Net income: CN¥95.1m (up 19% from 3Q 2022). Profit margin: 5.6% (up from 4.2% in 3Q 2022). Revenue is forecast to grow 4.3% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 10% per year.
New Risk • Oct 26New major risk - Revenue and earnings growthEarnings have declined by 14% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 14% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.
お知らせ • Sep 30Dashang Co., Ltd. to Report Q3, 2023 Results on Oct 26, 2023Dashang Co., Ltd. announced that they will report Q3, 2023 results on Oct 26, 2023
Reported Earnings • Aug 31Second quarter 2023 earnings released: EPS: CN¥0.50 (vs CN¥0.68 in 2Q 2022)Second quarter 2023 results: EPS: CN¥0.50 (down from CN¥0.68 in 2Q 2022). Revenue: CN¥1.70b (up 5.4% from 2Q 2022). Net income: CN¥140.9m (down 27% from 2Q 2022). Profit margin: 8.3% (down from 12% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.8% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Apr 06Full year 2022 earnings: EPS misses analyst expectationsFull year 2022 results: EPS: CN¥1.93 (down from CN¥2.64 in FY 2021). Revenue: CN¥7.28b (down 13% from FY 2021). Net income: CN¥549.2m (down 28% from FY 2021). Profit margin: 7.5% (down from 9.1% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.8%. Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 7% per year.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Director Ying Zhang was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Oct 31Third quarter 2022 earnings released: EPS: CN¥0.28 (vs CN¥0.54 in 3Q 2021)Third quarter 2022 results: EPS: CN¥0.28 (down from CN¥0.54 in 3Q 2021). Revenue: CN¥1.91b (up 8.1% from 3Q 2021). Net income: CN¥80.2m (down 47% from 3Q 2021). Profit margin: 4.2% (down from 8.6% in 3Q 2021). Revenue is forecast to stay flat during the next 2 years compared to a 14% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Sep 02Second quarter 2022 earnings released: EPS: CN¥0.68 (vs CN¥0.72 in 2Q 2021)Second quarter 2022 results: EPS: CN¥0.68 (down from CN¥0.72 in 2Q 2021). Revenue: CN¥1.62b (down 15% from 2Q 2021). Net income: CN¥191.9m (down 7.8% from 2Q 2021). Profit margin: 12% (up from 11% in 2Q 2021). Over the next year, revenue is expected to shrink by 2.4% compared to a 142% growth forecast for the Multiline Retail industry in China. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 13% per year.
Major Estimate Revision • Sep 01Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from CN¥8.06b to CN¥7.01b. EPS estimate unchanged from CN¥2.07 per share at last update. Multiline Retail industry in China expected to see average net income growth of 13% next year. Consensus price target of CN¥22.00 unchanged from last update. Share price rose 2.4% to CN¥17.63 over the past week.
お知らせ • May 28Shenyang Dashang New Mart Shopping and Leisure Plaza Co., Ltd. agreed to acquire Dashang Group Anshan Commercial Investment Co., Ltd. from Dashang Co., Ltd. (SHSE:600694) for CNY 282.8 million.Shenyang Dashang New Mart Shopping and Leisure Plaza Co., Ltd. agreed to acquire Dashang Group Anshan Commercial Investment Co., Ltd. from Dashang Co., Ltd. (SHSE:600694) for CNY 282.8 million on May 25, 2022. The transaction is subject to shareholders approval and has been approved by board of Dashang.
Reported Earnings • May 05First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2022 results: EPS: CN¥0.82 (down from CN¥0.99 in 1Q 2021). Revenue: CN¥2.20b (down 11% from 1Q 2021). Net income: CN¥234.1m (down 19% from 1Q 2021). Profit margin: 11% (down from 12% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) exceeded analyst estimates by 2.5%. Over the next year, revenue is forecast to grow 5.3%, compared to a 13% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
Price Target Changed • Apr 27Price target decreased to CN¥22.00Down from CN¥34.43, the current price target is provided by 1 analyst. New target price is 13% above last closing price of CN¥19.42. Stock is down 1.2% over the past year. The company is forecast to post earnings per share of CN¥2.07 for next year compared to CN¥2.44 last year.
Board Change • Apr 27Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Director Ying Zhang was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
Reported Earnings • Apr 10Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: CN¥2.44 (up from CN¥1.70 in FY 2020). Revenue: CN¥7.93b (down 2.3% from FY 2020). Net income: CN¥702.2m (up 41% from FY 2020). Profit margin: 8.9% (up from 6.2% in FY 2020). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) exceeded analyst estimates by 2.5%. Over the next year, revenue is forecast to grow 8.1%, compared to a 11% growth forecast for the retail industry in China. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 13% per year.
Reported Earnings • Oct 31Third quarter 2021 earnings released: EPS CN¥0.54 (vs CN¥0.60 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2021 results: Revenue: CN¥1.77b (down 12% from 3Q 2020). Net income: CN¥152.5m (down 6.1% from 3Q 2020). Profit margin: 8.6% (up from 8.1% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 26Second quarter 2021 earnings released: EPS CN¥0.72 (vs CN¥0.75 in 2Q 2020)The company reported a soft second quarter result with weaker earnings, although revenues and profit margins were flat. Second quarter 2021 results: Revenue: CN¥1.91b (flat on 2Q 2020). Net income: CN¥208.0m (down 7.2% from 2Q 2020). Profit margin: 11% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
Reported Earnings • May 04First quarter 2021 earnings released: EPS CN¥0.99 (vs CN¥0.19 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥2.46b (up 19% from 1Q 2020). Net income: CN¥289.6m (up 432% from 1Q 2020). Profit margin: 12% (up from 2.6% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 17% per year.
Reported Earnings • Apr 17Full year 2020 earnings released: EPS CN¥1.70 (vs CN¥3.04 in FY 2019)The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: CN¥8.12b (down 63% from FY 2019). Net income: CN¥499.4m (down 44% from FY 2019). Profit margin: 6.2% (up from 4.1% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings.
Price Target Changed • Feb 10Price target lowered to CN¥28.32Down from CN¥34.43, the current price target is provided by 1 analyst. The new target price is 55% above the current share price of CN¥18.28. As of last close, the stock is down 26% over the past year.
Is New 90 Day High Low • Jan 25New 90-day low: CN¥18.71The company is down 18% from its price of CN¥22.90 on 27 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Multiline Retail industry, which is down 16% over the same period.
Is New 90 Day High Low • Jan 07New 90-day low: CN¥19.45The company is down 18% from its price of CN¥23.64 on 09 October 2020. The Chinese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Multiline Retail industry, which is down 13% over the same period.
Is New 90 Day High Low • Dec 18New 90-day low: CN¥20.67The company is down 16% from its price of CN¥24.64 on 18 September 2020. The Chinese market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Multiline Retail industry, which is down 12% over the same period.
Is New 90 Day High Low • Dec 02New 90-day low: CN¥22.54The company is down 10.0% from its price of CN¥25.08 on 03 September 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Multiline Retail industry, which is down 13% over the same period.
Major Estimate Revision • Nov 04Analysts lower revenue estimates to CN¥12.5bThe 2020 consensus revenue estimate decreased from CN¥18.1b. Earning per share (EPS) estimate was also lowered from CN¥2.45 to CN¥1.90 for the same period. Net income is expected to grow by 42% next year compared to 72% growth forecast for the Multiline Retail industry in China. The consensus price target was lowered from CN¥36.02 to CN¥35.02. Share price stayed mostly flat at CN¥22.88 over the past week.
Price Target Changed • Oct 29Price target lowered to CN¥34.43Down from CN¥37.77, the current price target is provided by 1 analyst. The new target price is 49% above the current share price of CN¥23.14. As of last close, the stock is down 11% over the past year.
Reported Earnings • Oct 29Third quarter earnings releasedOver the last 12 months the company has reported total profits of CN¥497.9m, down 52% from the prior year. Total revenue was CN¥11.1b over the last 12 months, down 50% from the prior year.
Is New 90 Day High Low • Oct 22New 90-day low: CN¥23.20The company is down 11% from its price of CN¥26.18 on 24 July 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Multiline Retail industry, which is down 17% over the same period.
Is New 90 Day High Low • Sep 24New 90-day low: CN¥23.30The company is down 2.0% from its price of CN¥23.75 on 24 June 2020. The Chinese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Multiline Retail industry, which is up 9.0% over the same period.
お知らせ • Jul 09Dashang Co., Ltd. to Report First Half, 2020 Results on Aug 25, 2020Dashang Co., Ltd. announced that they will report first half, 2020 results on Aug 25, 2020