Upcoming Dividend • Aug 04
Upcoming dividend of HK$0.25 per share Eligible shareholders must have bought the stock before 11 August 2026. Payment date: 21 August 2026. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 5.3%. Lower than top quartile of Hong Kong dividend payers (7.3%). Higher than average of industry peers (4.0%). Reported Earnings • Jul 10
Full year 2026 earnings released: EPS: HK$0.65 (vs HK$0.50 in FY 2025) Full year 2026 results: EPS: HK$0.65 (up from HK$0.50 in FY 2025). Revenue: HK$1.99b (up 3.5% from FY 2025). Net income: HK$248.9m (up 26% from FY 2025). Profit margin: 13% (up from 10% in FY 2025). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Reported Earnings • Jun 05
Full year 2026 earnings released: EPS: HK$64.50 (vs HK$0.50 in FY 2025) Full year 2026 results: EPS: HK$64.50 (up from HK$0.50 in FY 2025). Revenue: HK$1.99b (up 3.5% from FY 2025). Net income: HK$248.9m (up 26% from FY 2025). Profit margin: 13% (up from 10% in FY 2025). Over the last 3 years on average, earnings per share has increased by 175% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Jun 05
Dickson Concepts (International) Limited, Annual General Meeting, Aug 06, 2026 Dickson Concepts (International) Limited, Annual General Meeting, Aug 06, 2026, at 11:30 China Standard Time. Location: the garden room (jasmine room to orchid room), 2/f, the royal garden, 69 mody road, tsimshatsui east, kowloon, Hong Kong Announcement • May 22
Dickson Concepts (International) Limited to Report Fiscal Year 2026 Results on Jun 04, 2026 Dickson Concepts (International) Limited announced that they will report fiscal year 2026 results on Jun 04, 2026 Upcoming Dividend • Dec 26
Upcoming dividend of HK$0.30 per share Eligible shareholders must have bought the stock before 02 January 2026. Payment date: 21 January 2026. Payout ratio is a comfortable 18% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of Hong Kong dividend payers (6.8%). Higher than average of industry peers (2.6%). Declared Dividend • Nov 29
Dividend of HK$0.30 announced Shareholders will receive a dividend of HK$0.30. Ex-date: 2nd January 2026 Payment date: 21st January 2026 Dividend yield will be 5.3%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (18% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 80% to shift the payout ratio to a potentially unsustainable range, which is more than the 20% EPS decline seen over the last 5 years. Announcement • Nov 17
Dickson Concepts (International) Limited to Report First Half, 2026 Results on Nov 27, 2025 Dickson Concepts (International) Limited announced that they will report first half, 2026 results on Nov 27, 2025 Board Change • Oct 19
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. Independent Non-Executive Director Patricia Lam was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 03
Dickson Concepts (International) Limited, Annual General Meeting, Sep 30, 2025 Dickson Concepts (International) Limited, Annual General Meeting, Sep 30, 2025, at 15:00 China Standard Time. Location: the garden room (jasmine room to orchid room), 2/f, the royal garden, 69 mody road, tsimshatsui east, kowloon, Hong Kong Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to HK$5.14, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 11x in the Specialty Retail industry in Hong Kong. Total returns to shareholders of 62% over the past three years. Reported Earnings • Jun 03
Full year 2025 earnings released: EPS: HK$0.50 (vs HK$0.89 in FY 2024) Full year 2025 results: EPS: HK$0.50 (down from HK$0.89 in FY 2024). Revenue: HK$1.92b (down 20% from FY 2024). Net income: HK$198.0m (down 44% from FY 2024). Profit margin: 10% (down from 15% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 21
Dickson Concepts (International) Limited to Report Fiscal Year 2025 Results on Jun 02, 2025 Dickson Concepts (International) Limited announced that they will report fiscal year 2025 results at 4:00 PM, China Standard Time on Jun 02, 2025 New Risk • Apr 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 18% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (13% average weekly change). Valuation Update With 7 Day Price Move • Apr 30
Investor sentiment improves as stock rises 43% After last week's 43% share price gain to HK$6.84, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 10x in the Specialty Retail industry in Hong Kong. Total returns to shareholders of 125% over the past three years. Upcoming Dividend • Dec 26
Upcoming dividend of HK$0.10 per share Eligible shareholders must have bought the stock before 02 January 2025. Payment date: 21 January 2025. Payout ratio is a comfortable 68% and this is well supported by cash flows. Trailing yield: 9.1%. Within top quartile of Hong Kong dividend payers (8.0%). Higher than average of industry peers (4.5%). Declared Dividend • Nov 30
First half dividend of HK$0.10 announced Dividend of HK$0.10 is the same as last year. Ex-date: 2nd January 2025 Payment date: 21st January 2025 Dividend yield will be 9.6%, which is higher than the industry average of 5.5%. Sustainability & Growth Dividend is covered by both earnings (68% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has increased by an average of 3.8% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 25% to shift the payout ratio to a potentially unsustainable range, which is more than the 7.6% EPS decline seen over the last 5 years. Announcement • Nov 28
Dickson Concepts (International) Limited Announces the Interim Dividend for the Six Months Ended 30 September, 2024, Payable on 21 January 2025 Dickson Concepts (International) Limited announced the Interim Dividend of HKD 0.1 per share for the Six Months Ended 30 September, 2024, Ex-dividend date 02 January 2025, Record date 07 January 2025 and Payment date 21 January 2025. Announcement • Nov 18
Dickson Concepts (International) Limited to Report First Half, 2025 Results on Nov 28, 2024 Dickson Concepts (International) Limited announced that they will report first half, 2025 results on Nov 28, 2024 Upcoming Dividend • Aug 06
Upcoming dividend of HK$0.35 per share Eligible shareholders must have bought the stock before 13 August 2024. Payment date: 23 August 2024. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 8.8%. Within top quartile of Hong Kong dividend payers (8.3%). Higher than average of industry peers (6.8%). Buy Or Sell Opportunity • Jul 19
Now 20% undervalued Over the last 90 days, the stock has risen 7.8% to HK$5.39. The fair value is estimated to be HK$6.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 13%. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to HK$6.00, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 8x in the Specialty Retail industry in Hong Kong. Total returns to shareholders of 69% over the past three years. Declared Dividend • Jun 15
Final dividend increased to HK$0.35 Dividend of HK$0.35 is 30% higher than last year. Ex-date: 13th August 2024 Payment date: 23rd August 2024 Dividend yield will be 8.3%, which is higher than the industry average of 5.5%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has increased by an average of 1.8% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 69% to shift the payout ratio to a potentially unsustainable range, which is more than the 2.9% EPS decline seen over the last 5 years. Announcement • Jun 15
Dickson Concepts (International) Limited, Annual General Meeting, Aug 08, 2024 Dickson Concepts (International) Limited, Annual General Meeting, Aug 08, 2024, at 11:30 China Standard Time. Location: the palace rooms, b1/f, the royal garden, 69 mody road, tsimshatsui east, kowloon Hong Kong Reported Earnings • Jun 14
Full year 2024 earnings released: EPS: HK$0.89 (vs HK$0.64 in FY 2023) Full year 2024 results: EPS: HK$0.89 (up from HK$0.64 in FY 2023). Revenue: HK$2.40b (up 13% from FY 2023). Net income: HK$350.8m (up 39% from FY 2023). Profit margin: 15% (up from 12% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Jun 14
Dickson Concepts (International) Limited Proposes Final Dividend for the Year Ended 31 March 2024, Payable on 23 August 2024 Dickson Concepts (International) Limited proposed final dividend for the year ended 31 March 2024 of HKD 0.35 per share. Ex-dividend date is 13 August 2024. Record date is 16 August 2024. Payment date is 23 August 2024. Announcement • Jun 06
Dickson Concepts (International) Limited Provides Consolidated Earnings Guidance for the Year Ended 31 March, 2024 Dickson Concepts (International) Limited provided consolidated earnings guidance for the year ended 31 March, 2024. For the period, Group expected to record an increase of about 38% in net profit attributable to shareholders as compared with the year ended 31st March, 2023. This is mainly due to growth in sales turnover and strict control of costs at all levels of operation, alongside an increase in profit contribution from the investment portfolio. Announcement • Jun 02
Dickson Concepts (International) Limited to Report Fiscal Year 2024 Results on Jun 13, 2024 Dickson Concepts (International) Limited announced that they will report fiscal year 2024 results on Jun 13, 2024 Upcoming Dividend • Dec 26
Upcoming dividend of HK$0.10 per share at 8.2% yield Eligible shareholders must have bought the stock before 02 January 2024. Payment date: 19 January 2024. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 8.2%. Lower than top quartile of Hong Kong dividend payers (8.5%). Higher than average of industry peers (5.2%). Announcement • Nov 24
Dickson Concepts (International) Limited Announces Interim Dividend for the Six Months Ended 30 September, 2023, Payable on 19 January 2024 Dickson Concepts (International) Limited announced Interim Dividend for the Six Months Ended 30th September, 2023 of HKD 0.1 per share, payable on 19 January 2024. Ex-dividend date 02 January 2024; Record date 05 January 2024. Reported Earnings • Nov 24
First half 2024 earnings released: EPS: HK$0.56 (vs HK$0.39 in 1H 2023) First half 2024 results: EPS: HK$0.56 (up from HK$0.39 in 1H 2023). Revenue: HK$1.27b (up 26% from 1H 2023). Net income: HK$219.7m (up 42% from 1H 2023). Profit margin: 17% (up from 15% in 1H 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Nov 09
Dickson Concepts (International) Limited to Report First Half, 2024 Results on Nov 23, 2023 Dickson Concepts (International) Limited announced that they will report first half, 2024 results on Nov 23, 2023 Upcoming Dividend • Aug 08
Upcoming dividend of HK$0.27 per share at 7.9% yield Eligible shareholders must have bought the stock before 15 August 2023. Payment date: 25 August 2023. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 7.9%. Within top quartile of Hong Kong dividend payers (7.6%). Higher than average of industry peers (4.0%). New Risk • Jun 19
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 24% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.9% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Jun 14
Full year 2023 earnings released: EPS: HK$0.64 (vs HK$0.51 in FY 2022) Full year 2023 results: EPS: HK$0.64 (up from HK$0.51 in FY 2022). Revenue: HK$2.13b (up 5.5% from FY 2022). Net income: HK$252.6m (up 26% from FY 2022). Profit margin: 12% (up from 9.9% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Jun 02
Dickson Concepts (International) Limited to Report Q4, 2023 Results on Jun 13, 2023 Dickson Concepts (International) Limited announced that they will report Q4, 2023 results on Jun 13, 2023 Upcoming Dividend • Dec 27
Upcoming dividend of HK$0.08 per share Eligible shareholders must have bought the stock before 03 January 2023. Payment date: 20 January 2023. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 8.5%. Within top quartile of Hong Kong dividend payers (8.4%). Higher than average of industry peers (3.7%). Reported Earnings • Nov 29
First half 2023 earnings released: EPS: HK$0.39 (vs HK$0.34 in 1H 2022) First half 2023 results: EPS: HK$0.39 (up from HK$0.34 in 1H 2022). Revenue: HK$1.01b (up 1.0% from 1H 2022). Net income: HK$155.3m (up 15% from 1H 2022). Profit margin: 15% (up from 14% in 1H 2022). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Nov 29
Dickson Concepts (International) Limited Announces Interim Dividend for the Six Months Ended September 30, 2022, Payable on January 20, 2023 Dickson Concepts (International) Limited announced interim dividend of HKD 0.08 per share for the six months ended September 30, 2022. Ex-dividend date is January 3, 2023. Record date is January 6, 2023. Payment date is January 20, 2023. Announcement • Nov 17
Dickson Concepts (International) Limited to Report First Half, 2023 Results on Nov 28, 2022 Dickson Concepts (International) Limited announced that they will report first half, 2023 results on Nov 28, 2022 Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Eugene Michael Fung was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Aug 31
Dickson Concepts (International) Limited Appoints Poon Dickson Pearson Guanda as Chief Operating Officer, Effective September 1, 2022 The Board of Directors of Dickson Concepts (International) Limited announced that Mr. Poon Dickson Pearson Guanda, an Executive Director of the Company, has been appointed as Chief Operating Officer ("COO") of the Company with effect from 1st September, 2022. Mr. Poon Dickson Pearson Guanda, aged 28, joined the Group as a General Manager in October 2016 and was appointed as an Executive Director in December 2018. His currentresponsibilities include overseeing the Group's retail business in Hong Kong and Mainland China, while he is also a substantial shareholder of the Group and a member of the Investment Committee of the Company. Since becoming an Executive Director of the Group, Mr. Pearson Poon's accomplishments include turning around the Group's Mainland China business from a loss making position to a profitable one, with the business achieving sales growth of 90%. over the past 2 years. In Hong Kong, he led the launch of a new retail concept combining physical and digital retail under Harvey Nichols, resulting in a substantial decrease in overhead costs and a significant increase in product offering through Harvey Nichols' digital platform. Over the course of the past 3 years, he also successfully negotiated significant concessions and commercial support from suppliers and principals. Prior to joining the Group, he worked at the investment banking division of Goldman Sachs (Asia) LLC, where he was part of the consumer and retail, technology, media, and telecommunications team in Hong Kong, focusing on the China internet sector. Mr. Pearson Poon holds a Bachelor of Arts in Economics from the University of Cambridge. Mr. Pearson Poon is also a director of Harvey Nichols Group Limited and certain of its subsidiary companies (together the "HN Group") and the vice-chairman of the supervisory board of S.T. Dupont S.A. ("STDSA"), the shares of STDSA are listed on the Euronext Paris in France. Both the HN Group and STDSA are the related companies of the Company. Save as disclosed herein, he has not held any directorship in any other public companies the securities of which are listed on any securities market in Hong Kong or overseas in the last three years. Upcoming Dividend • Aug 04
Upcoming dividend of HK$0.27 per share Eligible shareholders must have bought the stock before 11 August 2022. Payment date: 23 August 2022. Payout ratio is a comfortable 69% and this is well supported by cash flows. Trailing yield: 8.9%. Within top quartile of Hong Kong dividend payers (8.4%). Higher than average of industry peers (3.8%). Reported Earnings • Jun 17
Full year 2022 earnings released Full year 2022 results: Revenue: HK$2.02b (down 11% from FY 2021). Net income: HK$200.9m (down 56% from FY 2021). Profit margin: 9.9% (down from 20% in FY 2021). Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 1 experienced director. 5 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Eugene Michael Fung was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Dec 28
Upcoming dividend of HK$0.08 per share Eligible shareholders must have bought the stock before 04 January 2022. Payment date: 21 January 2022. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 8.0%. Within top quartile of Hong Kong dividend payers (7.2%). Higher than average of industry peers (2.3%). Reported Earnings • Dec 01
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: HK$0.34 (up from HK$0.34 in 1H 2021). Revenue: HK$998.9m (up 1.8% from 1H 2021). Net income: HK$135.3m (up 1.4% from 1H 2021). Profit margin: 14% (in line with 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 05
Upcoming dividend of HK$0.27 per share Eligible shareholders must have bought the stock before 12 August 2021. Payment date: 24 August 2021. Trailing yield: 7.7%. Within top quartile of Hong Kong dividend payers (6.4%). Higher than average of industry peers (1.9%). Reported Earnings • Jul 09
Full year 2021 earnings released: EPS HK$1.17 (vs HK$1.63 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: HK$2.28b (down 23% from FY 2020). Net income: HK$461.8m (down 28% from FY 2020). Profit margin: 20% (down from 22% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 11
Full year 2021 earnings released: EPS HK$1.17 (vs HK$1.63 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: HK$2.28b (down 23% from FY 2020). Net income: HK$461.8m (down 28% from FY 2020). Profit margin: 20% (down from 22% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 19
New 90-day high: HK$4.10 The company is up 15% from its price of HK$3.56 on 20 November 2020. The Hong Kong market is up 17% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Specialty Retail industry, which is up 2.0% over the same period. Upcoming Dividend • Dec 22
Upcoming Dividend of HK$0.08 Per Share Will be paid on the 19th of January to those who are registered shareholders by the 29th of December. The trailing yield of 9.2% is in the top quartile of Hong Kong dividend payers (6.7%), and it is higher than industry peers (1.7%). Reported Earnings • Dec 14
First half 2021 earnings released: EPS HK$0.34 The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: HK$981.1m (down 43% from 1H 2020). Net income: HK$133.4m (up 12% from 1H 2020). Profit margin: 14% (up from 6.9% in 1H 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 28
First half 2021 earnings released: EPS HK$0.34 The company reported a decent first half result with improved earnings and profit margins, although revenues were weaker. First half 2021 results: Revenue: HK$981.1m (down 43% from 1H 2020). Net income: HK$133.4m (up 12% from 1H 2020). Profit margin: 14% (up from 6.9% in 1H 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Nov 26
New 90-day high: HK$3.95 The company is up 12% from its price of HK$3.53 on 28 August 2020. The Hong Kong market is up 4.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Specialty Retail industry, which is up 17% over the same period. Announcement • Nov 17
Dickson Concepts (International) Limited to Report First Half, 2020 Results on Nov 26, 2020 Dickson Concepts (International) Limited announced that they will report first half, 2020 results on Nov 26, 2020 Is New 90 Day High Low • Oct 27
New 90-day low: HK$3.41 The company is down 26% from its price of HK$4.58 on 29 July 2020. The Hong Kong market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 18% over the same period.