DPC Dash Ltd

SEHK:1405 Stock Report

Market Cap: HK$4.6b

DPC Dash Past Earnings Performance

Past criteria checks 5/6

DPC Dash has been growing earnings at an average annual rate of 76.2%, while the Hospitality industry saw earnings growing at 42.7% annually. Revenues have been growing at an average rate of 30.3% per year. DPC Dash's return on equity is 5.8%, and it has net margins of 2.6%.

Key information

76.16%

Earnings growth rate

77.69%

EPS growth rate

Hospitality Industry Growth-9.38%
Revenue growth rate30.26%
Return on equity5.83%
Net Margin2.64%
Last Earnings Update31 Dec 2025

Recent past performance updates

Analysis Article Oct 03

Solid Earnings Reflect DPC Dash's (HKG:1405) Strength As A Business

DPC Dash Ltd ( HKG:1405 ) just reported healthy earnings but the stock price didn't move much. Our analysis suggests...
Analysis Article Apr 03

DPC Dash's (HKG:1405) Earnings May Just Be The Starting Point

DPC Dash Ltd's ( HKG:1405 ) earnings announcement last week was disappointing for investors, despite the decent profit...

Recent updates

Narrative Update Jun 06

1405: Store Expansion Plan And Hybrid Meetings Will Support Future Repricing

Analysts have trimmed their HK$ price target on DPC Dash slightly, reflecting a small adjustment to fair value and discount rate assumptions, while keeping revenue growth, profit margin and future P/E expectations broadly in line with prior views. What's in the News DPC Dash plans to continue its 4D strategy, with a target of about 350 net new stores in 2026 to broaden store coverage.
Narrative Update Apr 29

1405: Store Expansion And Hybrid Meetings Will Support A Positive Rerating

Analysts have trimmed their HK$ price target on DPC Dash, reflecting slightly lower fair value assumptions and modestly softer expectations for revenue growth, profit margins and future P/E multiples in their updated models. What's in the News DPC Dash plans to continue executing its 4D strategy, and is targeting around 350 net new stores in full year 2026 to deepen market penetration in its operating regions (company filing).
Narrative Update Apr 10

1405: Store Expansion And Hybrid Meetings Will Support A Positive Rerating

Analysts have revised their HK$ price target for DPC Dash to HK$87.42 from HK$108.69, reflecting updated views on discount rate assumptions, revenue growth expectations, profit margins, and future P/E levels. What's in the News The board proposes adopting a new memorandum and articles of association to replace the existing version, with amendments subject to shareholder approval via a special resolution at the upcoming AGM.
New Narrative Apr 09

Delivery Scale And Digital Expansion Will Support Long Term Upside Potential

Catalysts About DPC Dash DPC Dash is the exclusive Domino’s Pizza master franchisee for Mainland China, Hong Kong SAR and Macau SAR. It operates a fast growing, delivery led pizza chain.
Analysis Article Mar 27

DPC Dash Ltd Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

It's been a sad week for DPC Dash Ltd ( HKG:1405 ), who've watched their investment drop 14% to HK$51.75 in the week...
Narrative Update Mar 26

1405: Store Expansion And Dividend Potential Will Support A Positive Rerating

Analysts have trimmed their price target on DPC Dash from HK$114.67 to HK$108.69. This reflects slightly more cautious assumptions around revenue growth, profit margins and future P/E multiples, while applying a marginally higher discount rate.
New Narrative Mar 26

Delivery Cost Pressures And Slowing Same Store Sales Will Test Long Term Expansion Potential

Catalysts About DPC Dash DPC Dash operates the exclusive Domino's Pizza master franchise across Mainland China, Hong Kong SAR and Macau SAR, focusing on delivery led quick service pizza. What are the underlying business or industry changes driving this perspective?
Analysis Article Dec 19

Revenues Tell The Story For DPC Dash Ltd (HKG:1405)

DPC Dash Ltd's ( HKG:1405 ) price-to-sales (or "P/S") ratio of 1.8x may not look like an appealing investment...
Analysis Article Nov 05

The Return Trends At DPC Dash (HKG:1405) Look Promising

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analysis Article Oct 03

Solid Earnings Reflect DPC Dash's (HKG:1405) Strength As A Business

DPC Dash Ltd ( HKG:1405 ) just reported healthy earnings but the stock price didn't move much. Our analysis suggests...
Analysis Article Sep 22

These 4 Measures Indicate That DPC Dash (HKG:1405) Is Using Debt Safely

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Narrative Update Sep 01

Expanding Chinese Cities Will Unlock Future Market Potential

Despite a notable improvement in net profit margin, DPC Dash’s consensus price target has been revised downward as a result of a markedly lower future P/E multiple, reducing the fair value from HK$123.06 to HK$117.65. What's in the News DPC Dash plans to open approximately 300 net new stores in 2025; as of August 15, opened 233 net new stores, with 27 under construction and 35 signed, reaching about 98% of its annual target.
Analysis Article Aug 31

The DPC Dash Ltd (HKG:1405) Half-Year Results Are Out And Analysts Have Published New Forecasts

It's been a good week for DPC Dash Ltd ( HKG:1405 ) shareholders, because the company has just released its latest...
User avatar
New Narrative Aug 06

Expanding Chinese Cities Will Unlock Future Market Potential

Aggressive expansion and digital engagement are fueling rapid revenue and market share growth, helped by strong customer loyalty and adaptable ordering channels.
Analysis Article Jul 30

Investors Will Want DPC Dash's (HKG:1405) Growth In ROCE To Persist

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to...
Analysis Article Jul 07

A Look At The Intrinsic Value Of DPC Dash Ltd (HKG:1405)

Key Insights Using the 2 Stage Free Cash Flow to Equity, DPC Dash fair value estimate is HK$116 With HK$99.15 share...
Analysis Article May 15

Here's Why DPC Dash (HKG:1405) Can Manage Its Debt Responsibly

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article Apr 27

DPC Dash Ltd Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

DPC Dash Ltd ( HKG:1405 ) just released its yearly report and things are looking bullish. It was overall a positive...
Analysis Article Apr 25

Returns Are Gaining Momentum At DPC Dash (HKG:1405)

There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'll want to see a...
Analysis Article Apr 03

DPC Dash's (HKG:1405) Earnings May Just Be The Starting Point

DPC Dash Ltd's ( HKG:1405 ) earnings announcement last week was disappointing for investors, despite the decent profit...
Analysis Article Mar 10

Calculating The Intrinsic Value Of DPC Dash Ltd (HKG:1405)

Key Insights DPC Dash's estimated fair value is HK$122 based on 2 Stage Free Cash Flow to Equity Current share price of...
Analysis Article Nov 25

DPC Dash (HKG:1405) Shareholders Will Want The ROCE Trajectory To Continue

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analysis Article Aug 30

DPC Dash Ltd (HKG:1405) Half-Yearly Results: Here's What Analysts Are Forecasting For This Year

It's been a good week for DPC Dash Ltd ( HKG:1405 ) shareholders, because the company has just released its latest...
Analysis Article Jun 07

Health Check: How Prudently Does DPC Dash (HKG:1405) Use Debt?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Mar 28

What You Can Learn From DPC Dash Ltd's (HKG:1405) P/S

When close to half the companies in the Hospitality industry in Hong Kong have price-to-sales ratios (or "P/S") below...

Revenue & Expenses Breakdown

How DPC Dash makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

SEHK:1405 Revenue, expenses and earnings (CNY Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 255,3821421440
30 Sep 255,1241261400
30 Jun 254,8661101360
31 Mar 254,590831280
31 Dec 244,314551210
30 Sep 244,015151080
30 Jun 243,716-24960
31 Mar 243,383-26830
31 Dec 233,051-27710
30 Sep 232,770-73570
30 Jun 232,488-118430
31 Mar 232,255-171340
31 Dec 222,021-223260
30 Sep 221,887-292820
30 Jun 221,754-3611380
31 Mar 221,682-4161350
31 Dec 211,611-4711320
31 Dec 201,104-274870
31 Dec 19837-18270

Quality Earnings: 1405 has high quality earnings.

Growing Profit Margin: 1405's current net profit margins (2.6%) are higher than last year (1.3%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: 1405 has become profitable over the past 5 years, growing earnings by 76.2% per year.

Accelerating Growth: 1405's earnings growth over the past year (157.1%) exceeds its 5-year average (76.2% per year).

Earnings vs Industry: 1405 earnings growth over the past year (157.1%) exceeded the Hospitality industry 10.2%.


Return on Equity

High ROE: 1405's Return on Equity (5.8%) is considered low.


Return on Assets


Return on Capital Employed


Discover strong past performing companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/09 08:59
End of Day Share Price 2026/06/09 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

DPC Dash Ltd is covered by 15 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Lucy YuBofA Global Research
Sijie LinChina International Capital Corporation Limited
Ya JiangCitic Securities Co., Ltd.