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Dragon Crown Group Holdings

SEHK:935
Snowflake Description

Excellent balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
935
SEHK
HK$854M
Market Cap
  1. Home
  2. HK
  3. Commercial Services
Company description

Dragon Crown Group Holdings Limited, an investment holding company, provides integrated terminal services for liquid chemical products in the People’s Republic of China. The last earnings update was 38 days ago. More info.


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935 Share Price and Events
7 Day Returns
1.4%
SEHK:935
-1.2%
HK Commercial Services
-2.2%
HK Market
1 Year Returns
-27.8%
SEHK:935
-31.6%
HK Commercial Services
-15.4%
HK Market
935 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Dragon Crown Group Holdings (935) 1.4% -4.1% -1.4% -27.8% -46.6% -22.2%
HK Commercial Services -1.2% -7.3% -4.6% -31.6% -30.6% -39.7%
HK Market -2.2% -9.5% -6% -15.4% 22% 6.7%
1 Year Return vs Industry and Market
  • 935 outperformed the Commercial Services industry which returned -31.6% over the past year.
  • 935 underperformed the Market in Hong Kong which returned -15.4% over the past year.
Price Volatility
935
Industry
5yr Volatility vs Market

Value

 Is Dragon Crown Group Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Dragon Crown Group Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Dragon Crown Group Holdings.

SEHK:935 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 7.9%
Perpetual Growth Rate 10-Year HK Government Bond Rate 2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SEHK:935
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6.7%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.719 (1 + (1- 25%) (20.54%))
0.886
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.89
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (0.886 * 6.65%)
7.9%

Discounted Cash Flow Calculation for SEHK:935 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Dragon Crown Group Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SEHK:935 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (HKD, Millions) Source Present Value
Discounted (@ 7.9%)
2019 139.18 Est @ 6.35% 129.00
2020 146.21 Est @ 5.05% 125.59
2021 152.25 Est @ 4.13% 121.21
2022 157.57 Est @ 3.49% 116.27
2023 162.37 Est @ 3.05% 111.04
2024 166.81 Est @ 2.73% 105.73
2025 171.01 Est @ 2.51% 100.46
2026 175.05 Est @ 2.36% 95.31
2027 178.99 Est @ 2.25% 90.32
2028 182.89 Est @ 2.18% 85.54
Present value of next 10 years cash flows HK$1,080.48
SEHK:935 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= HK$182.89 × (1 + 2%) ÷ (7.9% – 2%)
HK$3,165.88
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= HK$3,165.88 ÷ (1 + 7.9%)10
HK$1,480.66
SEHK:935 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= HK$1,080.48 + HK$1,480.66
HK$2,561.14
Equity Value per Share
(HKD)
= Total value / Shares Outstanding
= HK$2,561.14 / 1,220.63
HK$2.1
SEHK:935 Discount to Share Price
Calculation Result
Value per share (HKD) From above. HK$2.10
Current discount Discount to share price of HK$0.70
= -1 x (HK$0.70 - HK$2.10) / HK$2.10
66.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Dragon Crown Group Holdings is available for.
Intrinsic value
>50%
Share price is HK$0.7 vs Future cash flow value of HK$2.1
Current Discount Checks
For Dragon Crown Group Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Dragon Crown Group Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Dragon Crown Group Holdings's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Dragon Crown Group Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Dragon Crown Group Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:935 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in HKD HK$0.05
SEHK:935 Share Price ** SEHK (2019-05-22) in HKD HK$0.7
Hong Kong Commercial Services Industry PE Ratio Median Figure of 50 Publicly-Listed Commercial Services Companies 13.62x
Hong Kong Market PE Ratio Median Figure of 1,478 Publicly-Listed Companies 11.07x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Dragon Crown Group Holdings.

SEHK:935 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:935 Share Price ÷ EPS (both in HKD)

= 0.7 ÷ 0.05

12.77x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dragon Crown Group Holdings is good value based on earnings compared to the HK Commercial Services industry average.
  • Dragon Crown Group Holdings is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does Dragon Crown Group Holdings's expected growth come at a high price?
Raw Data
SEHK:935 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.77x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
10.9%per year
Hong Kong Commercial Services Industry PEG Ratio Median Figure of 8 Publicly-Listed Commercial Services Companies 0.7x
Hong Kong Market PEG Ratio Median Figure of 463 Publicly-Listed Companies 0.79x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Dragon Crown Group Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Dragon Crown Group Holdings's assets?
Raw Data
SEHK:935 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in HKD HK$0.86
SEHK:935 Share Price * SEHK (2019-05-22) in HKD HK$0.7
Hong Kong Commercial Services Industry PB Ratio Median Figure of 68 Publicly-Listed Commercial Services Companies 1.27x
Hong Kong Market PB Ratio Median Figure of 2,157 Publicly-Listed Companies 0.97x
SEHK:935 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:935 Share Price ÷ Book Value per Share (both in HKD)

= 0.7 ÷ 0.86

0.81x

* Primary Listing of Dragon Crown Group Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dragon Crown Group Holdings is good value based on assets compared to the HK Commercial Services industry average.
X
Value checks
We assess Dragon Crown Group Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. Dragon Crown Group Holdings has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Dragon Crown Group Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Dragon Crown Group Holdings, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
10.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Dragon Crown Group Holdings expected to grow at an attractive rate?
  • Dragon Crown Group Holdings's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • Dragon Crown Group Holdings's earnings growth is positive but not above the Hong Kong market average.
  • Unable to compare Dragon Crown Group Holdings's revenue growth to the Hong Kong market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
SEHK:935 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:935 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 10.9%
Hong Kong Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 18.4%
Hong Kong Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 24.1%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.4%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 10.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SEHK:935 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in HKD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:935 Future Estimates Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
SEHK:935 Past Financials Data
Date (Data in HKD Millions) Revenue Cash Flow Net Income *
2018-12-31 262 140 67
2018-09-30 266 143 67
2018-06-30 270 146 67
2018-03-31 256 125 58
2017-12-31 241 105 50
2017-09-30 238 112 53
2017-06-30 234 120 56
2017-03-31 242 120 63
2016-12-31 250 121 71
2016-09-30 259 119 74
2016-06-30 267 117 78
2016-03-31 268 120 78

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Dragon Crown Group Holdings's earnings are expected to grow by 10.9% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Dragon Crown Group Holdings is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:935 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Dragon Crown Group Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:935 Future Estimates Data
Date (Data in HKD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
SEHK:935 Past Financials Data
Date (Data in HKD Millions) EPS *
2018-12-31 0.05
2018-09-30 0.05
2018-06-30 0.05
2018-03-31 0.05
2017-12-31 0.04
2017-09-30 0.04
2017-06-30 0.05
2017-03-31 0.05
2016-12-31 0.06
2016-09-30 0.07
2016-06-30 0.07
2016-03-31 0.07

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Dragon Crown Group Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Dragon Crown Group Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Dragon Crown Group Holdings has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Dragon Crown Group Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Dragon Crown Group Holdings's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Dragon Crown Group Holdings's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Dragon Crown Group Holdings's 1-year earnings growth exceeds its 5-year average (33.1% vs -10.6%)
  • Dragon Crown Group Holdings's earnings growth has exceeded the HK Commercial Services industry average in the past year (33.1% vs 27.6%).
Earnings and Revenue History
Dragon Crown Group Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Dragon Crown Group Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:935 Past Revenue, Cash Flow and Net Income Data
Date (Data in HKD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 262.49 66.93 50.90
2018-09-30 266.40 66.80 50.42
2018-06-30 270.31 66.66 49.95
2018-03-31 255.89 58.47 47.86
2017-12-31 241.46 50.28 45.76
2017-09-30 237.64 53.09 46.50
2017-06-30 233.82 55.91 47.24
2017-03-31 241.86 63.26 48.38
2016-12-31 249.90 70.60 49.52
2016-09-30 258.52 74.49 49.53
2016-06-30 267.14 78.38 49.53
2016-03-31 268.12 77.75 48.29
2015-12-31 269.10 77.12 47.05
2015-09-30 266.02 79.02 44.21
2015-06-30 262.93 80.93 41.36
2015-03-31 262.25 80.93 43.39
2014-12-31 261.57 80.93 45.43
2014-09-30 266.24 85.51 43.94
2014-06-30 270.91 90.09 42.45
2014-03-31 270.46 97.16 38.34
2013-12-31 270.02 104.23 34.24
2013-09-30 263.04 104.96 32.52
2013-06-30 256.06 105.68 30.80
2013-03-31 256.92 102.39 32.39
2012-12-31 257.77 99.10 33.98
2012-09-30 256.38 97.97 34.19
2012-06-30 255.00 96.83 34.40

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Dragon Crown Group Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Dragon Crown Group Holdings used its assets less efficiently than the HK Commercial Services industry average last year based on Return on Assets.
  • Dragon Crown Group Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Dragon Crown Group Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Dragon Crown Group Holdings has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Dragon Crown Group Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Dragon Crown Group Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Dragon Crown Group Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Dragon Crown Group Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Dragon Crown Group Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Dragon Crown Group Holdings Company Filings, last reported 4 months ago.

SEHK:935 Past Debt and Equity Data
Date (Data in HKD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,103.91 175.50 200.49
2018-09-30 1,103.91 175.50 200.49
2018-06-30 1,146.33 204.08 182.00
2018-03-31 1,146.33 204.08 182.00
2017-12-31 1,139.42 228.58 129.85
2017-09-30 1,139.42 228.58 129.85
2017-06-30 1,079.43 228.08 205.89
2017-03-31 1,079.43 228.08 205.89
2016-12-31 1,054.18 227.58 209.15
2016-09-30 1,054.18 227.58 209.15
2016-06-30 956.54 58.33 116.30
2016-03-31 956.54 58.33 116.30
2015-12-31 962.43 42.50 218.77
2015-09-30 962.43 42.50 218.77
2015-06-30 986.24 56.67 206.87
2015-03-31 986.24 56.67 206.87
2014-12-31 1,005.03 133.30 323.23
2014-09-30 1,005.03 133.30 323.23
2014-06-30 979.42 147.46 324.58
2014-03-31 979.42 147.46 324.58
2013-12-31 1,011.50 149.04 321.65
2013-09-30 1,011.50 149.04 321.65
2013-06-30 969.94 127.56 331.04
2013-03-31 969.94 127.56 331.04
2012-12-31 958.61 12.03 267.06
2012-09-30 958.61 12.03 267.06
2012-06-30 884.58 155.28 408.06
  • Dragon Crown Group Holdings's level of debt (15.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (14.7% vs 15.9% today).
  • Debt is well covered by operating cash flow (79.5%, greater than 20% of total debt).
  • Dragon Crown Group Holdings earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Dragon Crown Group Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Dragon Crown Group Holdings has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Dragon Crown Group Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.71%
Current annual income from Dragon Crown Group Holdings dividends.
If you bought HK$2,000 of Dragon Crown Group Holdings shares you are expected to receive HK$114 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Dragon Crown Group Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.08%).
  • Dragon Crown Group Holdings's dividend is below the markets top 25% of dividend payers in Hong Kong (5.77%).
Upcoming dividend payment

Purchase Dragon Crown Group Holdings before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:935 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Hong Kong Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 25 Stocks 2.3%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 968 Stocks 3.7%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.2%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.1%
Hong Kong Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SEHK:935 Future Dividends Estimate Data
Date (Data in HK$) Dividend per Share (annual) Avg. No. Analysts
SEHK:935 Past Annualized Dividends Data
Date (Data in HK$) Dividend per share (annual) Avg. Yield (%)
2019-05-21 0.040 5.798
2018-08-20 0.035 4.595
2018-04-13 0.030 3.230
2017-04-10 0.043 3.415
2016-04-14 0.043 2.968
2016-03-24 0.043 3.494
2015-08-12 0.058 4.838
2015-04-16 0.058 5.600
2015-03-24 0.058 6.552
2014-04-08 0.076 8.307
2014-03-19 0.076 8.036
2013-09-04 0.040 3.928
2013-08-15 0.040 4.192
2013-04-03 0.055 5.847
2013-03-12 0.055 5.775
2012-03-06 0.050 6.139

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dragon Crown Group Holdings has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dragon Crown Group Holdings has only been paying a dividend for 7 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Dragon Crown Group Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Dragon Crown Group Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Dragon Crown Group Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Dragon Crown Group Holdings has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Dragon Crown Group Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Wai Man Ng
COMPENSATION HK$0
AGE 62
TENURE AS CEO 1.7 years
CEO Bio

Mr. Wai Man Ng founded Dragon Crown Group Holdings Limited in 1988 and serves as its Chairman. Mr. Ng has been Chief Executive Officer of Dragon Crown Group Holdings Limited since September 22, 2017. He is principally responsible for operation of Dragon Crown Group Holdings Limited Board and is the key decision-maker of it. He is also responsible for formulating the overall business strategic development for Dragon Crown Group Holdings Limited. He has accumulated around 22 years of management and operation experience in the terminal and storage of liquid chemical products industry. He served as the president and legal representative of Nanjing Dragon Crown Liquid Chemicals Terminal Co., Ltd., from April 2004 to 2007 responsible for overseeing strategic development and management of resources. Mr. Ng served as the Chairman and General Manager from October 1997 to October 2006 and legal representative from October 1997 to October 2007 for Ningbo FTZ Dragon Crown, a trading company, responsible for strategic business management. He served as the Chairman of Ningbo FTZ Dragon Crown. He has been an Executive Director at Dragon Crown Group Holdings Limited since November 30, 2010 and has been appointed as a Director since July 16, 2010. From December 1993 to September 2004, he served as a Director of Ningbo Huaxiang Inspection Co., Ltd., a company which provides inspection, certification and testing services.

CEO Compensation
  • Insufficient data for Wai Man to compare compensation growth.
  • Wai Man's remuneration is lower than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the Dragon Crown Group Holdings management team in years:

0.8
Average Tenure
53
Average Age
  • The average tenure for the Dragon Crown Group Holdings management team is less than 2 years, this suggests a new team.
Management Team

Wai Man Ng

TITLE
Founder
AGE
62
TENURE
1.7 yrs

Yat Chin Chong

TITLE
Executive Director
COMPENSATION
HK$1M
AGE
57

Wan Ming Chan

TITLE
Executive Director
COMPENSATION
HK$1M
AGE
53

Wong Wai Ming

TITLE
Chief Financial Officer
AGE
45
TENURE
0.8 yrs

Qing Long Zou

TITLE
Chief Operating Officer
AGE
53
TENURE
0.8 yrs

Mei Yi Lee

TITLE
Company Secretary
AGE
50
TENURE
0.9 yrs

Yang Ai Ming

TITLE
Chairman of the Board of Nanjing Dragon Crown & Weifang Sime Darby Liguid Terminal Co.
AGE
56
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure and age of the Dragon Crown Group Holdings board of directors in years:

8.5
Average Tenure
57
Average Age
  • The tenure for the Dragon Crown Group Holdings board of directors is about average.
Board of Directors

Wai Man Ng

TITLE
Founder
AGE
62

Yat Chin Chong

TITLE
Executive Director
COMPENSATION
HK$1M
AGE
57
TENURE
8.5 yrs

Wan Ming Chan

TITLE
Executive Director
COMPENSATION
HK$1M
AGE
53
TENURE
8.5 yrs

Yang Ai Ming

TITLE
Chairman of the Board of Nanjing Dragon Crown & Weifang Sime Darby Liguid Terminal Co.
AGE
56
TENURE
0.8 yrs

Sik Yuen Lau

TITLE
Independent Non-Executive Director
COMPENSATION
HK$240K
AGE
51
TENURE
8.5 yrs

Wujun Zhu

TITLE
Independent Non-Executive Director
COMPENSATION
HK$150K
AGE
71
TENURE
8.5 yrs

Jianping Feng

TITLE
Independent Non-Executive Director
AGE
64
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess Dragon Crown Group Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Dragon Crown Group Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Do You Like Dragon Crown Group Holdings Limited (HKG:935) At This P/E Ratio?

See our latest analysis for Dragon Crown Group Holdings How Do I Calculate A Price To Earnings Ratio? … The formula for price to earnings is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for Dragon Crown Group Holdings: P/E of 12.77 = HK$0.70 ÷ HK$0.055 (Based on the year to December 2018.) Is A High Price-to-Earnings Ratio Good? … Dragon Crown Group Holdings increased earnings per share by a whopping 33% last year.

Simply Wall St -

How Do Dragon Crown Group Holdings Limited’s (HKG:935) Returns On Capital Compare To Peers?

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … What is Return On Capital Employed (ROCE)? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Dragon Crown Group Holdings Limited (HKG:935): Has Recent Earnings Growth Beaten Long-Term Trend?

After reading Dragon Crown Group Holdings Limited's (HKG:935) latest earnings update (31 December 2018), I found it beneficial to look back at how the company has performed in the past and compare this against the most recent numbers. … See our latest analysis for Dragon Crown Group Holdings? … 935's trailing twelve-month earnings (from 31 December 2018) of HK$67m has.

Simply Wall St -

Introducing Dragon Crown Group Holdings (HKG:935), The Stock That Dropped 41% In The Last Three Years

We regret to report that long term Dragon Crown Group Holdings Limited (HKG:935) shareholders have had that experience, with the share price dropping 41% in three years, versus a market return of about 47%. … During the three years that the share price fell, Dragon Crown Group Holdings's earnings per share (EPS) dropped by 7.6% each year. … This free interactive report on Dragon Crown Group Holdings's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.

Simply Wall St -

Is Dragon Crown Group Holdings Limited (HKG:935) A Financially Sound Company?

Investors are always looking for growth in small-cap stocks like Dragon Crown Group Holdings Limited (HKG:935), with a market cap of HK$854m. … Understanding the company's financial health becomes. … The following basic checks can help you get a picture of the company's balance sheet strength.

Simply Wall St -

Could The Dragon Crown Group Holdings Limited (HKG:935) Ownership Structure Tell Us Something Useful?

The big shareholder groups in Dragon Crown Group Holdings Limited (HKG:935) have power over the company. … With a market capitalization of HK$867m, Dragon Crown Group Holdings is a small cap stock, so it might not be well known by many institutional investors. … Our analysis of the ownership of the company, below, shows that.

Simply Wall St -

Is Dragon Crown Group Holdings Limited (HKG:935) A Strong Dividend Stock?

Historically, Dragon Crown Group Holdings Limited (HKG:935) has been paying a dividend to shareholders. … Does Dragon Crown Group Holdings tick all the boxes of a great dividend stock? … Check out our latest analysis for Dragon Crown Group Holdings

Simply Wall St -

Dragon Crown Group Holdings Limited’s (HKG:935) Investment Returns Are Lagging Its Industry

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

How Many Insiders Bought Dragon Crown Group Holdings Limited (HKG:935) Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in Dragon Crown Group Holdings Limited (HKG:935). … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … The Last 12 Months Of Insider Transactions At Dragon Crown Group Holdings

Simply Wall St -

Is Dragon Crown Group Holdings Limited (HKG:935) A Financially Sound Company?

While small-cap stocks, such as Dragon Crown Group Holdings Limited (HKG:935) with its market cap of HK$928m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Assessing first and foremost the financial health is. … Here are few basic financial health checks you should consider before taking the plunge.

Simply Wall St -

Company Info

Description

Dragon Crown Group Holdings Limited, an investment holding company, provides integrated terminal services for liquid chemical products in the People’s Republic of China. It specializes in the storage and handling of liquid chemical products, including loading and discharging of liquid chemical products at its jetties; storage of liquid chemical products at its tank farm; and delivery of such products through its pipelines and other basic terminal infrastructure. The company operates three terminals located in Nanjing, Ningbo, and Weifang. It is also involved in the provision of marketing services; finance and management services; accounting services; administrative and technical services; and business development services. The company was founded in 1990 and is headquartered in Wanchai, Hong Kong. Dragon Crown Group Holdings Limited is a subsidiary of Lirun Limited.

Details
Name: Dragon Crown Group Holdings Limited
935
Exchange: SEHK
Founded: 1990
HK$854,439,600
1,220,628,000
Website: http://www.dragoncrown.com
Address: Dragon Crown Group Holdings Limited
Convention Plaza,
Suite 1803,
Wanchai,
Hong Kong
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 935 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 10. Jun 2011
Number of employees
Current staff
Staff numbers
363
Dragon Crown Group Holdings employees.
Industry
Diversified Support Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 12:55
End of day share price update: 2019/05/22 00:00
Last estimates confirmation: 2019/03/27
Last earnings filing: 2019/04/15
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.