OTCPK:DCOH.F

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Dickson Concepts (International)

Executive Summary

Dickson Concepts (International) Limited, an investment holding company, engages in the sale of luxury goods. More Details


Snowflake Analysis

Undervalued with proven track record and pays a dividend.

Share Price & News

How has Dickson Concepts (International)'s share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: DCOH.F has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

DCOH.F

-8.1%

US Specialty Retail

-5.3%

US Market


1 Year Return

-7.9%

DCOH.F

12.8%

US Specialty Retail

10.4%

US Market

Return vs Industry: DCOH.F underperformed the US Specialty Retail industry which returned 15.3% over the past year.

Return vs Market: DCOH.F underperformed the US Market which returned 12% over the past year.


Shareholder returns

DCOH.FIndustryMarket
7 Day0%-8.1%-5.3%
30 Day-10.4%-6.1%-2.1%
90 Dayn/a4.5%1.7%
1 Year-7.9%-7.9%13.9%12.8%12.9%10.4%
3 Year13.2%13.2%73.5%65.9%34.3%25.4%
5 Year22.9%22.9%54.6%42.6%73.7%54.3%

Price Volatility Vs. Market

How volatile is Dickson Concepts (International)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Dickson Concepts (International) undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: DCOH.F ($0.43) is trading below our estimate of fair value ($2.4)

Significantly Below Fair Value: DCOH.F is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: DCOH.F is good value based on its PE Ratio (2x) compared to the US Specialty Retail industry average (20x).

PE vs Market: DCOH.F is good value based on its PE Ratio (2x) compared to the US market (18.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate DCOH.F's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: DCOH.F is good value based on its PB Ratio (0.4x) compared to the US Specialty Retail industry average (1.8x).


Next Steps

Future Growth

How is Dickson Concepts (International) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

24.7%

Forecasted Retail industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Dickson Concepts (International) has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

  • Examine whether Dickson Concepts (International) is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on theOTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Dickson Concepts (International)'s filings and announcementshere.
  • Explore growth companies in the Retail industry.

Past Performance

How has Dickson Concepts (International) performed over the past 5 years?

67.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DCOH.F has a large one-off gain of HK$1.4B impacting its March 31 2020 financial results.

Growing Profit Margin: DCOH.F's current net profit margins (22%) are higher than last year (10.3%).


Past Earnings Growth Analysis

Earnings Trend: DCOH.F has become profitable over the past 5 years, growing earnings by 67.5% per year.

Accelerating Growth: DCOH.F's earnings growth over the past year (57.1%) is below its 5-year average (67.5% per year).

Earnings vs Industry: DCOH.F earnings growth over the past year (57.1%) exceeded the Specialty Retail industry 6%.


Return on Equity

High ROE: DCOH.F's Return on Equity (21.7%) is considered high.


Next Steps

Financial Health

How is Dickson Concepts (International)'s financial position?


Financial Position Analysis

Short Term Liabilities: DCOH.F's short term assets (HK$4.3B) exceed its short term liabilities (HK$1.9B).

Long Term Liabilities: DCOH.F's short term assets (HK$4.3B) exceed its long term liabilities (HK$758.9M).


Debt to Equity History and Analysis

Debt Level: DCOH.F's debt to equity ratio (35.6%) is considered satisfactory.

Reducing Debt: DCOH.F's debt to equity ratio has increased from 3% to 35.6% over the past 5 years.

Debt Coverage: DCOH.F's debt is well covered by operating cash flow (82.2%).

Interest Coverage: Insufficient data to determine if DCOH.F's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Dickson Concepts (International) current dividend yield, its reliability and sustainability?

10.74%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: DCOH.F's dividend (10.74%) is higher than the bottom 25% of dividend payers in the US market (1.69%).

High Dividend: DCOH.F's dividend (10.74%) is in the top 25% of dividend payers in the US market (4.78%)


Stability and Growth of Payments

Stable Dividend: DCOH.F's dividend payments have been volatile in the past 10 years.

Growing Dividend: DCOH.F's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (21.5%), DCOH.F's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

12.8yrs

Average management tenure


CEO

Dickson Concepts (International) has no CEO, or we have no data on them.


Leadership Team

NamePositionTenureCompensationOwnership
Dickson Poon
Founder & Group Executive Chairman28.58yrsHK$14.63m0.0044%
HK$ 7.3k
Hon Chung Chan
CFO, Controller & Executive Director9yrsHK$6.12mno data
Yu Hee Lau
Executive Director12.75yrsHK$3.25mno data
Poon Dickson Pearson Guanda
Executive Director1.83yrsHK$3.49m0.021%
HK$ 34.9k
Suk Ying Or
Company Secretaryno datano datano data

12.8yrs

Average Tenure

64yo

Average Age

Experienced Management: DCOH.F's management team is seasoned and experienced (12.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Dickson Poon
Founder & Group Executive Chairman28.58yrsHK$14.63m0.0044%
HK$ 7.3k
Hon Chung Chan
CFO, Controller & Executive Director9yrsHK$6.12mno data
Yu Hee Lau
Executive Director12.75yrsHK$3.25mno data
Poon Dickson Pearson Guanda
Executive Director1.83yrsHK$3.49m0.021%
HK$ 34.9k
Nicholas Peter Etches
Independent Non-Executive Director16.25yrsHK$225.00kno data
Bhanusak Asvaintra
Independent Non-Executive Director16yrsHK$225.00kno data
Yue Ming Fung
Independent Non-Executive Director1.17yrsno datano data

12.8yrs

Average Tenure

64yo

Average Age

Experienced Board: DCOH.F's board of directors are seasoned and experienced ( 12.8 years average tenure).


Ownership

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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Dickson Concepts (International) Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Dickson Concepts (International) Limited
  • Ticker: DCOH.F
  • Exchange: OTCPK
  • Founded: 1980
  • Industry: Apparel Retail
  • Sector: Retail
  • Market Cap: HK$1.285b
  • Listing Market Cap: HK$165.716m
  • Shares outstanding: 394.20m
  • Website: https://www.dickson.com.hk

Number of Employees


Location

  • Dickson Concepts (International) Limited
  • East Ocean Centre
  • 4th Floor
  • Tsim Sha Tsui
  • Kowloon
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DCOH.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDFeb 1992
113SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDFeb 1992

Biography

Dickson Concepts (International) Limited, an investment holding company, engages in the sale of luxury goods. It operates in two segments, Sale of Luxury Goods and Securities Investment. The company sells ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/31 00:25
End of Day Share Price2020/10/12 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.