DB:3DS

Stock Analysis Report

Executive Summary

DaChan Food (Asia) Limited, an investment holding company, manufactures and trades in livestock feeds, poultry and chilled meats, and processed foods.

Snowflake

Fundamentals

Adequate balance sheet and fair value.

Share Price & News

How has DaChan Food (Asia)'s share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-6.2%

3DS

-0.9%

DE Food

1.7%

DE Market


1 Year Return

52.5%

3DS

-4.0%

DE Food

7.2%

DE Market

Return vs Industry: 3DS exceeded the German Food industry which returned -4% over the past year.

Return vs Market: 3DS exceeded the German Market which returned 7.2% over the past year.


Shareholder returns

3DSIndustryMarket
7 Day-6.2%-0.9%1.7%
30 Day-4.4%-7.0%2.4%
90 Day1.0%-5.6%2.3%
1 Year52.5%52.5%-2.4%-4.0%10.6%7.2%
3 Year-55.8%-55.8%-22.4%-27.2%18.4%8.1%
5 Year-61.4%-61.4%32.5%21.0%42.3%22.9%

Price Volatility Vs. Market

How volatile is DaChan Food (Asia)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is DaChan Food (Asia) undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 3DS (€0.03) is trading below our estimate of fair value (€0.43)

Significantly Below Fair Value: 3DS is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 3DS is poor value based on its PE Ratio (23.1x) compared to the Food industry average (22.1x).

PE vs Market: 3DS is poor value based on its PE Ratio (23.1x) compared to the German market (19x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 3DS's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 3DS is good value based on its PB Ratio (0.3x) compared to the DE Food industry average (1.8x).


Next Steps

Future Growth

How is DaChan Food (Asia) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

30.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 3DS's forecast earnings growth (30.1% per year) is above the savings rate (0.2%).

Earnings vs Market: 3DS's earnings (30.1% per year) are forecast to grow faster than the German market (12.7% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if 3DS's revenue is forecast to grow faster than the German market.

High Growth Revenue: Insufficient data to determine if 3DS's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 3DS's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has DaChan Food (Asia) performed over the past 5 years?

41.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 3DS's earnings have grown significantly by 41.6% per year over the past 5 years.

Accelerating Growth: 3DS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 3DS had negative earnings growth (-66.6%) over the past year, making it difficult to compare to the Food industry average (14.4%).


Return on Equity

High ROE: 3DS's Return on Equity (4.2%) is considered low.


Return on Assets

ROA vs Industry: 3DS's Return on Assets is below or equal to the Food industry average last year.


Return on Capital Employed

ROCE Improving: 3DS has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is DaChan Food (Asia)'s financial position?


Financial Position Analysis

Short Term Liabilities: 3DS's short term assets (CN¥2.1B) exceeds its short term liabilities (CN¥1.3B)

Long Term Liabilities: 3DS's short term assets (2.1B) exceeds its long term liabilities (696.2M)


Debt to Equity History and Analysis

Debt Level: 3DS's debt to equity ratio (58.9%) is considered high

Reducing Debt: 3DS's debt to equity ratio has increased from 50.7% to 58.9% over the past 5 years.

Debt Coverage: 3DS's debt is well covered by operating cash flow (26.4%).

Interest Coverage: 3DS's interest payments on its debt are well covered by EBIT (4.5x coverage).


Balance Sheet

Inventory Level: 3DS has a high level of physical assets or inventory.

Debt Coverage by Assets: 3DS's debt is covered by short term assets (assets are 1.876520x debt).


Next Steps

Dividend

What is DaChan Food (Asia)'s current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%1.5%markettop25%3.8%industryaverage1.6%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate 3DS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 3DS's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if 3DS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 3DS's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 3DS is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 3DS's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

What is the CEO of DaChan Food (Asia)'s salary, the management and board of directors tenure and is there insider trading?

3.1yrs

Average management tenure


CEO

Chia-Yin Han (59yo)

8yrs

Tenure

0

Mr. Chia-Yin Han serves as an Executive Vice President of Great Wall Enterprise Co., Ltd. Mr. Han has been an Executive Director at DaChan Food (Asia) Ltd since October 27, 2011. He serves as the President ...


CEO Compensation Analysis

Compensation vs. Market: Chia-Yin's total compensation ($USD0.00) is too low to compare against companies of similar size in the German market ($USD209.32K).

Compensation vs Earnings: Chia-Yin's compensation has been consistent with company performance over the past year.


Management Age and Tenure

3.1yrs

Average Tenure

61.5yo

Average Age

Experienced Management: 3DS's management team is considered experienced (3.1 years average tenure).


Board Age and Tenure

11.8yrs

Average Tenure

65.5yo

Average Age

Experienced Board: 3DS's board of directors are seasoned and experienced ( 11.8 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Chang-Jou Ou (67yo)

    Chief Operating Officer

    • Tenure: 9.8yrs
  • Jia-Chen Harn (65yo)

    Chairman of the Board

    • Tenure: 0.8yrs
    • Compensation: CN¥128.00k
  • Chin-Pyng Chang (62yo)

    Chief Financial Officer

    • Tenure: 0.8yrs
  • Chia-Yin Han (59yo)

    CEO & Executive Director

    • Tenure: 8yrs
  • Jing-Hui Li (61yo)

    Consultant

    • Tenure: 3.1yrs
  • Yuxia Feng

    Head of Legal Department

    • Tenure: 0yrs
  • Yi Ping Cho (41yo)

    Company Secretary

    • Tenure: 3.2yrs
  • Pei Ken Hsu

    Chief Human Resource Officer

    • Tenure: 0yrs

Board Members

  • Chih Chen (66yo)

    Independent Non-Executive Director

    • Tenure: 12.1yrs
    • Compensation: CN¥170.00k
  • Anning Wei (56yo)

    Independent Non-Executive Director

    • Tenure: 5yrs
    • Compensation: CN¥170.00k
  • Jia-Chen Harn (65yo)

    Chairman of the Board

    • Tenure: 0.8yrs
    • Compensation: CN¥128.00k
  • Mark Han (64yo)

    Non-Executive Director

    • Tenure: 12.4yrs
    • Compensation: CN¥2.40m
  • Chia-Yau Han (69yo)

    Non-Executive Director

    • Tenure: 12.1yrs
    • Compensation: CN¥128.00k
  • Tien-Shin Chao (72yo)

    Non-Executive Director

    • Tenure: 11.8yrs
    • Compensation: CN¥128.00k
  • Yung-Do Way (73yo)

    Independent Non-Executive Director

    • Tenure: 11.7yrs
    • Compensation: CN¥170.00k
  • Chia-Yin Han (59yo)

    CEO & Executive Director

    • Tenure: 8yrs

Company Information

DaChan Food (Asia) Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: DaChan Food (Asia) Limited
  • Ticker: 3DS
  • Exchange: DB
  • Founded: 2007
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: HK$456.970m
  • Listing Market Cap: HK$52.301m
  • Shares outstanding: 1.02b
  • Website: https://www.dachanfoodasia.com

Number of Employees


Location

  • DaChan Food (Asia) Limited
  • Office Tower C
  • Room 401, 4th Floor
  • Beijing
  • 100020
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
3999SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDOct 2007
3DSDB (Deutsche Boerse AG)YesOrdinary SharesDEEUROct 2007

Biography

DaChan Food (Asia) Limited, an investment holding company, manufactures and trades in livestock feeds, poultry and chilled meats, and processed foods. It operates through three segments: Chicken Meat, Live ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 21:00
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.