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DGN

Asia Dragon TrustLSE:DGN Stock Report

Last Price

UK£5.06

Market Cap

UK£621.6m

7D

0%

1Y

-12.2%

Updated

20 Jan, 2022

Data

Company Financials
DGN fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance4/6
Financial Health3/6
Dividends2/6

DGN Stock Overview

Edinburgh Dragon Trust Plc is closed ended equity mutual fund launched and managed by Aberdeen Fund Managers Limited.

Price History & Performance

Summary of all time highs, changes and price drops for Asia Dragon Trust
Historical stock prices
Current Share PriceUK£5.06
52 Week HighUK£6.04
52 Week LowUK£4.80
Beta0.55
1 Month Change1.40%
3 Month Change1.00%
1 Year Change-12.15%
3 Year Change36.39%
5 Year Change62.44%
Change since IPO432.63%

Recent News & Updates

Shareholder Returns

DGNGB Capital MarketsGB Market
7D0%-1.4%-1.0%
1Y-12.2%-3.0%8.3%

Return vs Industry: DGN underperformed the UK Capital Markets industry which returned -3% over the past year.

Return vs Market: DGN underperformed the UK Market which returned 8.3% over the past year.

Price Volatility

Is DGN's price volatile compared to industry and market?
DGN volatility
DGN Average Weekly Movement2.6%
Capital Markets Industry Average Movement4.1%
Market Average Movement5.0%
10% most volatile stocks in GB Market10.7%
10% least volatile stocks in GB Market2.5%

Stable Share Price: DGN is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: DGN's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1987n/aHugh Younghttps://www.edinburghdragon.co.uk

Edinburgh Dragon Trust Plc is closed ended equity mutual fund launched and managed by Aberdeen Fund Managers Limited. It is co-managed by Aberdeen Standard Investments (Asia) Limited. The fund invests in public equity markets of the Asia Pacific region, excluding Japan and Australasia.

Asia Dragon Trust Fundamentals Summary

How do Asia Dragon Trust's earnings and revenue compare to its market cap?
DGN fundamental statistics
Market CapUK£621.60m
Earnings (TTM)UK£121.18m
Revenue (TTM)UK£132.68m

5.1x

P/E Ratio

4.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DGN income statement (TTM)
RevenueUK£132.68m
Cost of RevenueUK£0
Gross ProfitUK£132.68m
ExpensesUK£11.50m
EarningsUK£121.18m

Last Reported Earnings

Aug 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.99
Gross Margin100.00%
Net Profit Margin91.34%
Debt/Equity Ratio9.2%

How did DGN perform over the long term?

See historical performance and comparison

Dividends

1.3%

Current Dividend Yield

7%

Payout Ratio

Valuation

Is Asia Dragon Trust undervalued compared to its fair value and its price relative to the market?

5.13x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: DGN (£5.06) is trading above our estimate of fair value (£4.05)

Significantly Below Fair Value: DGN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: DGN is good value based on its PE Ratio (5.1x) compared to the UK Capital Markets industry average (11x).

PE vs Market: DGN is good value based on its PE Ratio (5.1x) compared to the UK market (19.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: DGN is good value based on its PB Ratio (0.9x) compared to the GB Capital Markets industry average (1.6x).

Future Growth

How is Asia Dragon Trust forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

9.0%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Asia Dragon Trust has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Asia Dragon Trust performed over the past 5 years?

-17.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DGN has high quality earnings.

Growing Profit Margin: DGN's current net profit margins (91.3%) are higher than last year (78.1%).


Past Earnings Growth Analysis

Earnings Trend: DGN's earnings have declined by 17% per year over the past 5 years.

Accelerating Growth: DGN's earnings growth over the past year (376%) exceeds its 5-year average (-17% per year).

Earnings vs Industry: DGN earnings growth over the past year (376%) exceeded the Capital Markets industry 66.7%.


Return on Equity

High ROE: DGN's Return on Equity (17.1%) is considered low.

Financial Health

How is Asia Dragon Trust's financial position?


Financial Position Analysis

Short Term Liabilities: DGN's short term assets (£10.8M) do not cover its short term liabilities (£66.8M).

Long Term Liabilities: DGN's short term assets (£10.8M) exceed its long term liabilities (£3.8M).


Debt to Equity History and Analysis

Debt Level: DGN's net debt to equity ratio (8.5%) is considered satisfactory.

Reducing Debt: DGN's debt to equity ratio has increased from 8.9% to 9.2% over the past 5 years.

Debt Coverage: DGN's debt is not well covered by operating cash flow (7.5%).

Interest Coverage: DGN's interest payments on its debt are well covered by EBIT (167.8x coverage).


Balance Sheet

Dividend

What is Asia Dragon Trust current dividend yield, its reliability and sustainability?

1.28%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: DGN's dividend (1.28%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.39%).

High Dividend: DGN's dividend (1.28%) is low compared to the top 25% of dividend payers in the UK market (4.04%).


Stability and Growth of Payments

Stable Dividend: DGN's dividend payments have been volatile in the past 10 years.

Growing Dividend: DGN's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (6.7%), DGN's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Management

How experienced are the management team and are they aligned to shareholders interests?

10.8yrs

Average board tenure


CEO

Hugh Young (63 yo)

no data

Tenure

Mr. Hugh Young is Managing Director of abrdn Asia Limited (formerly known as Aberdeen Standard Investments (Asia) Limited) Mr. Young is Head of Asia at Aberdeen Standard Investments Limited. He also is Por...


Board Members

Experienced Board: DGN's board of directors are seasoned and experienced ( 10.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Asia Dragon Trust plc's employee growth, exchange listings and data sources


Key Information

  • Name: Asia Dragon Trust plc
  • Ticker: DGN
  • Exchange: LSE
  • Founded: 1987
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: UK£621.600m
  • Shares outstanding: 122.85m
  • Website: https://www.edinburghdragon.co.uk

Location

  • Asia Dragon Trust plc
  • 4th Floor
  • Union Plaza
  • Aberdeen
  • Aberdeenshire
  • AB10 1DQ
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/20 21:15
End of Day Share Price2022/01/20 00:00
Earnings2021/08/31
Annual Earnings2021/08/31


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.