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INDICATIVE · SAMPLE DATA
0440$41.9861

Dah Sing Financial Holdings Ltd

BanksVerified

Dah Sing Financial Holdings Ltd maintains a conservative capital structure with a debt-to-equity ratio of 0.12, indicating a low reliance on debt financing. The company's liquidity position is characterized as medium, with a price-to-book ratio of 0.36 and a price-to-tangible-book ratio of 0.36, suggesting that the market values the company's equity at a discount relative to its book value. The company's return on equity of 5.49% and return on assets of 0.76% indicate moderate profitability, with ROE aligning with the industry's preference for capital efficiency. The company's profitability is reflected in its net income of HKD 2,056,906,000 and a return on equity of 5.49%, which is in line with the industry's preferred metrics. However, the return on assets of 0.76% is relatively low, suggesting that the company may not be utilizing its assets as efficiently as its peers. The company's capital expenditure of HKD -413,226,000 indicates a reduction in capital spending, which could be a strategic move to preserve cash or a sign of reduced investment in growth opportunities. Dah Sing Financial Holdings Ltd's revenue is concentrated in a single economic region, as no specific geographic breakdown is provided. The company's revenue of HKD 5,900,664,000 is derived from its banking operations, with no disclosed segments or geographic diversification. The lack of segmental or geographic data limits the ability to assess the company's exposure to different markets and potential risks associated with regional economic conditions. The company's growth trajectory is reflected in its revenue of HKD 5,900,664,000 and net income of HKD 2,056,906,000. The company's earnings per share of HKD 5.47 is below the mean estimate of HKD 7.19, indicating a potential gap between current performance and analyst expectations. The company's free cash flow of HKD 1,909,091,000 suggests that it has sufficient liquidity to fund operations and potentially return value to shareholders. The risk assessment for Dah Sing Financial Holdings Ltd indicates a medium liquidity risk and a low dilution risk. The company's net cash position is negative after subtracting total debt, which could impact its ability to meet short-term obligations. The company's dilution risk is low, with no significant dilution potential identified in the basic shares outstanding. The company's risk profile is further supported by its conservative debt levels and strong equity base. Recent events and filings for Dah Sing Financial Holdings Ltd include the latest financial results, which show a revenue of HKD 5,900,664,000 and a net income of HKD 2,056,906,000. The company's earnings per share of HKD 5.47 is below the mean estimate of HKD 7.19, indicating a potential gap between current performance and analyst expectations. The company's free cash flow of HKD 1,909,091,000 suggests that it has sufficient liquidity to fund operations and potentially return value to shareholders.

30-day price · 0440+0.94 (+2.3%)
Low$41.00High$43.00Close$42.50As of22 May, 00:00 UTC
Profile
CompanyDah Sing Financial Holdings Ltd
Ticker0440.HK
SectorFinancials
BusinessBanking & Investment Services
Industry groupBanking & Investment Services
IndustryBanks
AI analysis

Business. Dah Sing Financial Holdings Ltd operates as a bank, providing financial services including deposits, loans, and investment products to retail and corporate clients.

Classification. Dah Sing Financial Holdings Ltd is classified under the industry "Banks" within the business sector "Banking & Investment Services" with a confidence level of 0.92.

Dah Sing Financial Holdings Ltd maintains a conservative capital structure with a debt-to-equity ratio of 0.12, indicating a low reliance on debt financing. The company's liquidity position is characterized as medium, with a price-to-book ratio of 0.36 and a price-to-tangible-book ratio of 0.36, suggesting that the market values the company's equity at a discount relative to its book value. The company's return on equity of 5.49% and return on assets of 0.76% indicate moderate profitability, with ROE aligning with the industry's preference for capital efficiency. The company's profitability is reflected in its net income of HKD 2,056,906,000 and a return on equity of 5.49%, which is in line with the industry's preferred metrics. However, the return on assets of 0.76% is relatively low, suggesting that the company may not be utilizing its assets as efficiently as its peers. The company's capital expenditure of HKD -413,226,000 indicates a reduction in capital spending, which could be a strategic move to preserve cash or a sign of reduced investment in growth opportunities. Dah Sing Financial Holdings Ltd's revenue is concentrated in a single economic region, as no specific geographic breakdown is provided. The company's revenue of HKD 5,900,664,000 is derived from its banking operations, with no disclosed segments or geographic diversification. The lack of segmental or geographic data limits the ability to assess the company's exposure to different markets and potential risks associated with regional economic conditions. The company's growth trajectory is reflected in its revenue of HKD 5,900,664,000 and net income of HKD 2,056,906,000. The company's earnings per share of HKD 5.47 is below the mean estimate of HKD 7.19, indicating a potential gap between current performance and analyst expectations. The company's free cash flow of HKD 1,909,091,000 suggests that it has sufficient liquidity to fund operations and potentially return value to shareholders. The risk assessment for Dah Sing Financial Holdings Ltd indicates a medium liquidity risk and a low dilution risk. The company's net cash position is negative after subtracting total debt, which could impact its ability to meet short-term obligations. The company's dilution risk is low, with no significant dilution potential identified in the basic shares outstanding. The company's risk profile is further supported by its conservative debt levels and strong equity base. Recent events and filings for Dah Sing Financial Holdings Ltd include the latest financial results, which show a revenue of HKD 5,900,664,000 and a net income of HKD 2,056,906,000. The company's earnings per share of HKD 5.47 is below the mean estimate of HKD 7.19, indicating a potential gap between current performance and analyst expectations. The company's free cash flow of HKD 1,909,091,000 suggests that it has sufficient liquidity to fund operations and potentially return value to shareholders.
Key takeaways
  • Dah Sing Financial Holdings Ltd has a conservative capital structure with a low debt-to-equity ratio of 0.12.
  • The company's return on equity of 5.49% is in line with industry preferences, but its return on assets of 0.76% is relatively low.
  • The company's revenue is concentrated in a single economic region, with no disclosed geographic diversification.
  • The company's earnings per share of HKD 5.47 is below the mean estimate of HKD 7.19, indicating a potential gap between current performance and analyst expectations.
  • The company's liquidity position is characterized as medium, with a price-to-book ratio of 0.36 and a price-to-tangible-book ratio of 0.36.
  • # RATIONALES
  • {
  • "margin_outlook_rationale": "The company's margin outlook is stable, supported by its conservative capital structure and moderate profitability.",
Financial snapshot
PeriodHA-latest
CurrencyHKD
Revenue$5.90B
Gross profit
Operating income
Net income$2.06B
R&D
SG&A
D&A
SBC
Operating cash flow$2.80B
CapEx-$413.2M
Free cash flow$1.91B
Total assets$270.38B
Total liabilities$232.89B
Total equity$37.49B
Cash & equivalents
Long-term debt$4.65B
Valuation
Market price$41.98
Market cap$13.42B
Enterprise value$18.06B
P/E6.5
Reported non-GAAP P/E
EV/Revenue3.1
EV/Op income
EV/OCF6.5
P/B0.4
P/Tangible book0.4
Tangible book$37.49B
Net cash-$4.65B
Current ratio
Debt/Equity0.1
ROA0.8%
ROE5.5%
Cash conversion1.4%
CapEx/Revenue-7.0%
SBC/Revenue
Asset intensity
Dilution ratio0.0%
Risk assessment
Dilution riskLow
Liquidity riskMedium
  • Net cash is negative after subtracting total debt.
Industry benchmarks
Activity: Banks · cohort 7 companies
Metric0440Activity
Op margin560.2% medp25 560.2% · p75 560.2%
Net margin34.9%459.2% medp25 422.9% · p75 495.5%bottom quartile
Gross margin62.8% medp25 28.5% · p75 92.6%
CapEx / revenue-7.0%2.6% medp25 1.0% · p75 12.1%bottom quartile
Debt / equity12.0%16.8% medp25 13.7% · p75 33.1%bottom quartile
Observations
IR observations
Mean recommendation2.00 (1=strong buy, 5=strong sell)
Strong-buy count0.00
Buy count1.00
Hold count0.00
Sell count0.00
Strong-sell count0.00
Mean EPS estimate7.19 HKD
Last actual EPS5.47 HKD
Mean revenue estimate8,401,000,000 HKD
Last actual revenue8,266,884,000 HKD
Mean EBIT estimate4,635,000,000 HKD
Social pillar31.46 (0-100)
Competitor context
JPMJPMorgan ChaseUSPeer
Derived from classification anchor Banks.
Banks, Banking & Investment Services, Financials
BACBank of AmericaUSPeer
Derived from classification anchor Banks.
Banks, Banking & Investment Services, Financials
CCitigroupUSPeer
Derived from classification anchor Banks.
Banks, Banking & Investment Services, Financials
Source: analysis-pipeline (hybrid)Generated: 2026-05-20 05:58 UTCJob: b194d0d6