DPC Dash (HKG:1405) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥4.31b (up 41% from FY 2023).
- Net income: CN¥55.2m (up from CN¥26.6m loss in FY 2023).
- Profit margin: 1.3% (up from net loss in FY 2023). The move to profitability was driven by higher revenue.
- EPS: CN¥0.42 (up from CN¥0.22 loss in FY 2023).
1405 Sales Performance and Store Count
- Same store sales growth: 2.5% vs FY 2023.
- Total stores: 1,008 (up by 240 from FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
DPC Dash Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 91%.
In the last 12 months, the only revenue segment was Restaurants contributing CN¥4.31b. Notably, cost of sales worth CN¥3.33b amounted to 77% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to CN¥515.8m (56% of total expenses). Explore how 1405's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in Hong Kong.
Performance of the Hong Kong Hospitality industry.
The company's shares are up 4.2% from a week ago.
Risk Analysis
We should say that we've discovered 1 warning sign for DPC Dash that you should be aware of before investing here.
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