Asia Dragon Trust
Market Cap
UK£689.4m
Last Updated
2021/02/24 19:42 UTC
Data Sources
Company Financials
Executive Summary
Edinburgh Dragon Trust Plc is closed ended equity mutual fund launched and managed by Aberdeen Fund Managers Limited. More Details
Snowflake Analysis
Share Price & News
How has Asia Dragon Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
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.
Market Performance
7 Day Return
-8.1%
DGN
-0.9%
GB Capital Markets
-0.8%
GB Market
1 Year Return
35.7%
DGN
9.6%
GB Capital Markets
-3.7%
GB Market
Return vs Industry: DGN exceeded the UK Capital Markets industry which returned 8.7% over the past year.
Return vs Market: DGN exceeded the UK Market which returned -2% over the past year.
Shareholder returns
| DGN | Industry | Market | |
|---|---|---|---|
| 7 Day | -8.1% | -0.9% | -0.8% |
| 30 Day | -5.2% | 3.6% | 0.9% |
| 90 Day | 9.9% | 14.3% | 6.6% |
| 1 Year | 37.0%35.7% | 13.1%9.6% | 2.1%-3.7% |
| 3 Year | 51.4%46.5% | 48.7%31.9% | 9.6%-3.5% |
| 5 Year | 145.8%133.1% | 117.0%80.6% | 41.7%14.3% |
Long-Term Price Volatility Vs. Market
How volatile is Asia Dragon Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Asia Dragon Trust undervalued compared to its fair value and its price relative to the market?
27.18x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: DGN (£5.42) is trading above our estimate of fair value (£3.07)
Significantly Below Fair Value: DGN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: DGN is poor value based on its PE Ratio (27.2x) compared to the GB Capital Markets industry average (21.2x).
PE vs Market: DGN is poor value based on its PE Ratio (27.2x) compared to the UK market (23.6x).
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 (1.1x) 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?
23.8%
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?
-2.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DGN has high quality earnings.
Growing Profit Margin: DGN's current net profit margins (78.1%) are lower than last year (79.8%).
Past Earnings Growth Analysis
Earnings Trend: DGN has become profitable over the past 5 years, growing earnings by -2.6% per year.
Accelerating Growth: DGN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: DGN had negative earnings growth (-30.2%) over the past year, making it difficult to compare to the Capital Markets industry average (-0.9%).
Return on Equity
High ROE: DGN's Return on Equity (4.2%) is considered low.
Financial Health
How is Asia Dragon Trust's financial position?
Financial Position Analysis
Short Term Liabilities: DGN's short term assets (£15.3M) exceed its short term liabilities (£10.7M).
Long Term Liabilities: DGN's short term assets (£15.3M) do not cover its long term liabilities (£26.0M).
Debt to Equity History and Analysis
Debt Level: DGN's debt to equity ratio (5.2%) is considered satisfactory.
Reducing Debt: DGN's debt to equity ratio has reduced from 11.2% to 5.2% over the past 5 years.
Debt Coverage: DGN's debt is well covered by operating cash flow (20.2%).
Interest Coverage: DGN's interest payments on its debt are well covered by EBIT (50.2x coverage).
Balance Sheet
Dividend
What is Asia Dragon Trust current dividend yield, its reliability and sustainability?
0.88%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: DGN's dividend (0.88%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.49%).
High Dividend: DGN's dividend (0.88%) is low compared to the top 25% of dividend payers in the UK market (4.52%).
Stability and Growth of Payments
Stable Dividend: DGN is not paying a notable dividend for the UK market, therefore no need to check if payments are stable.
Growing Dividend: DGN is not paying a notable dividend for the UK market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: DGN is not paying a notable dividend for the UK market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of DGN's dividend in 3 years as they are not forecast to pay a notable one for the UK market.
Management
How experienced are the management team and are they aligned to shareholders interests?
8.3yrs
Average board tenure
CEO
Hugh Young (62 yo)
no data
Tenure
Mr. Hugh Young is Managing Director of Aberdeen Standard Investments (Asia) Limited Mr. Young is Head of Asia at Aberdeen Standard Investments Limited. He also is Portfolio Manager at Aberdeen Standard Inv...
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Senior Independent Director | 7.17yrs | UK£25.20k | no data | |
| Independent Non-Executive Director | 9.33yrs | UK£27.30k | 0.0020% £ 13.7k | |
| Independent Non-Executive Director | 8.33yrs | UK£25.20k | 0.0040% £ 27.5k | |
| Independent Non-Executive Chairman | no data | UK£37.80k | no data | |
| Independent Non-Executive Director | 0.50yr | no data | 0.0040% £ 27.5k | |
| Independent Non-Executive Director | 10.42yrs | UK£29.40k | no data | |
| Director | no data | no data | no data |
8.3yrs
Average Tenure
69yo
Average Age
Experienced Board: DGN's board of directors are considered experienced (8.3 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 company bio, 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
- Market Cap: UK£689.370m
- Shares outstanding: 125.34m
- Website: https://www.edinburghdragon.co.uk
Location
- Asia Dragon Trust plc
- 4th Floor
- Union Plaza
- Aberdeen
- Aberdeenshire
- AB10 1DQ
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| DGN | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Nov 1993 |
Biography
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 p...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/24 19:42 |
| End of Day Share Price | 2021/02/24 00:00 |
| Earnings | 2020/08/31 |
| Annual Earnings | 2020/08/31 |
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.