Dah Sing Financial Holdings Limited, an investment holding company, provides banking, insurance, financial, and other related services in the People’s Republic of China.
Price History & Performance
|Historical stock prices|
|Current Share Price||HK$24.45|
|52 Week High||HK$19.22|
|52 Week Low||HK$33.50|
|1 Month Change||1.45%|
|3 Month Change||-1.61%|
|1 Year Change||23.36%|
|3 Year Change||-47.65%|
|5 Year Change||-53.61%|
|Change since IPO||167.79%|
Recent News & Updates
Dah Sing Financial Holdings' (HKG:440) Upcoming Dividend Will Be Larger Than Last Year's
Dah Sing Financial Holdings Limited ( HKG:440 ) will increase its dividend on the 21st of September to HK$0.33. Even...
|440||HK Banks||HK Market|
Return vs Industry: 440 exceeded the Hong Kong Banks industry which returned 3.8% over the past year.
Return vs Market: 440 exceeded the Hong Kong Market which returned 5.3% over the past year.
Stable Share Price: 440 is less volatile than 75% of Hong Kong stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: 440's weekly volatility (3%) has been stable over the past year.
About the Company
Dah Sing Financial Holdings Limited, an investment holding company, provides banking, insurance, financial, and other related services in the People’s Republic of China. The company operates through Personal Banking, Commercial Banking, Treasury, Overseas Banking, and Insurance Business segments. The Personal Banking segment accepts various deposits from individual customers; and provides residential mortgage loans, personal loans, overdrafts, vehicle financing, and credit card services, as well as insurance sales and investment services.
Dah Sing Financial Holdings Fundamentals Summary
|440 fundamental statistics|
Is 440 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|440 income statement (TTM)|
|Cost of Revenue||HK$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||4.05|
|Net Profit Margin||27.63%|
How did 440 perform over the long term?See historical performance and comparison
4.1%Current Dividend Yield
Is Dah Sing Financial Holdings undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 440 (HK$24.45) is trading below our estimate of fair value (HK$79.33)
Significantly Below Fair Value: 440 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 440 is poor value based on its PE Ratio (6x) compared to the Hong Kong Banks industry average (5.7x).
PE vs Market: 440 is good value based on its PE Ratio (6x) compared to the Hong Kong market (9.7x).
Price to Earnings Growth Ratio
PEG Ratio: 440 is good value based on its PEG Ratio (0.5x)
Price to Book Ratio
PB vs Industry: 440 is good value based on its PB Ratio (0.3x) compared to the HK Banks industry average (0.4x).
How is Dah Sing Financial Holdings forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 440's forecast earnings growth (11.8% per year) is above the savings rate (1.5%).
Earnings vs Market: 440's earnings (11.8% per year) are forecast to grow slower than the Hong Kong market (17.4% per year).
High Growth Earnings: 440's earnings are forecast to grow, but not significantly.
Revenue vs Market: 440's revenue (8.9% per year) is forecast to grow slower than the Hong Kong market (12.5% per year).
High Growth Revenue: 440's revenue (8.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 440's Return on Equity is forecast to be low in 3 years time (6.2%).
How has Dah Sing Financial Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 440 has a high level of non-cash earnings.
Growing Profit Margin: 440's current net profit margins (27.6%) are lower than last year (29.9%).
Past Earnings Growth Analysis
Earnings Trend: 440's earnings have declined by 4.8% per year over the past 5 years.
Accelerating Growth: 440's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 440 had negative earnings growth (-3.3%) over the past year, making it difficult to compare to the Banks industry average (6.4%).
Return on Equity
High ROE: 440's Return on Equity (4.7%) is considered low.
How is Dah Sing Financial Holdings's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: 440's Assets to Equity ratio (6.8x) is low.
Allowance for Bad Loans: 440 has a low allowance for bad loans (97%).
Low Risk Liabilities: 92% of 440's liabilities are made up of primarily low risk sources of funding.
Loan Level: 440 has an appropriate level of Loans to Assets ratio (56%).
Low Risk Deposits: 440's Loans to Deposits ratio (72%) is appropriate.
Level of Bad Loans: 440 has an appropriate level of bad loans (0.9%).
What is Dah Sing Financial Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 440's dividend (4.09%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.26%).
High Dividend: 440's dividend (4.09%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.78%).
Stability and Growth of Payments
Stable Dividend: 440's dividend payments have been volatile in the past 10 years.
Growing Dividend: 440's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (24.7%), 440's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 440's dividends in 3 years are forecast to be well covered by earnings (31.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Derek Wong (69 yo)
Mr. Hon-Hing Wong, also known as Derek, serves as Director of Banco Comercial de Macau SA since March 22, 2016. Mr. Wong serves as the Chief Executive and Managing Director of Dah Sing Banking Group Limite...
CEO Compensation Analysis
Compensation vs Market: Derek's total compensation ($USD1.51M) is above average for companies of similar size in the Hong Kong market ($USD443.10K).
Compensation vs Earnings: Derek's compensation has been consistent with company performance over the past year.
Experienced Management: 440's management team is seasoned and experienced (9.5 years average tenure).
Experienced Board: 440's board of directors are seasoned and experienced ( 12.3 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Dah Sing Financial Holdings Limited's employee growth, exchange listings and data sources
- Name: Dah Sing Financial Holdings Limited
- Ticker: 440
- Exchange: SEHK
- Founded: 1987
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: HK$7.814b
- Shares outstanding: 319.58m
- Website: https://www.dahsing.com
Number of Employees
- Dah Sing Financial Holdings Limited
- Dah Sing Financial Centre
- 26th Floor
- Wan Chai
- Hong Kong
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/17 10:07|
|End of Day Share Price||2021/10/15 00:00|
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.