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Dream International
(1126)
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Rating:82Outperform
Price Target:
HK$7.00
â–²(0.86% Upside)
Action:Reiterated
Date:08/04/26
The score is driven primarily by strong financial quality (especially a very conservative balance sheet) and very attractive valuation (low P/E and high dividend yield). These positives are tempered by softer recent cash flow momentum and 2025 margin compression, while technical indicators are broadly neutral.
Positive Factors
Revenue Re-acceleration
The return to revenue growth indicates demand resilience and renewed business activity. If sustained, stronger top-line momentum can support operating scale and help offset cyclical pressure, making the earnings base more durable over the next several quarters.
Negative Factors
Margin Compression
Broad-based margin compression suggests that profitability is vulnerable to cost inflation, pricing pressure, or an unfavorable business mix. If the decline persists, slower profit growth could offset the benefit of renewed revenue expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Re-acceleration
The return to revenue growth indicates demand resilience and renewed business activity. If sustained, stronger top-line momentum can support operating scale and help offset cyclical pressure, making the earnings base more durable over the next several quarters.
Read all positive factors
Dream International (1126) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$4.42B
Dividend Yield9.3%
Average Volume (3M)602.73K
Price to Earnings (P/E)7.4
Beta (1Y)0.52
Revenue Growth9.74%
EPS Growth-22.94%
CountryHK
Employees30,466
SectorGeneral
Sector StrengthN/A
IndustryLeisure
Share Statistics
EPS (TTM)0.87
Shares Outstanding676,865,050
10 Day Avg. Volume605,548
30 Day Avg. Volume602,732
Financial Highlights & Ratios
PEG Ratio-1.25
Price to Book (P/B)1.32
Price to Sales (P/S)0.93
P/FCF Ratio8.53
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Dream International Business Overview & Revenue Model
Company Description
Dream International Limited functions as an investment holding company, specializing in the worldwide design, development, production, and distribution of toys. Its broad market presence spans Hong Kong, North America, Japan, Europe, mainland Chin...
How the Company Makes Money
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Dream International Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
90
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.29B | 5.97B | 5.45B | 5.35B | 6.25B | 4.80B |
| Gross Profit | 1.13B | 1.21B | 1.25B | 1.34B | 1.23B | 614.72M |
| EBITDA | 819.66M | 967.22M | 1.12B | 1.21B | 1.03B | 448.51M |
| Net Income | 590.86M | 692.90M | 738.50M | 829.85M | 687.10M | 193.56M |
Balance Sheet | ||||||
| Total Assets | 5.48B | 5.55B | 4.96B | 4.61B | 4.38B | 4.20B |
| Cash, Cash Equivalents and Short-Term Investments | 1.37B | 1.80B | 1.61B | 1.39B | 761.64M | 601.15M |
| Total Debt | 128.06M | 121.45M | 142.98M | 125.51M | 256.88M | 298.39M |
| Total Liabilities | 1.26B | 1.34B | 998.42M | 933.80M | 1.18B | 1.53B |
| Stockholders Equity | 4.21B | 4.20B | 3.96B | 3.68B | 3.21B | 2.67B |
Cash Flow | ||||||
| Free Cash Flow | 446.18M | 651.71M | 541.14M | 1.08B | 420.98M | 11.14M |
| Operating Cash Flow | 545.58M | 859.62M | 744.79M | 1.16B | 621.41M | 210.09M |
| Investing Cash Flow | -146.44M | -79.04M | -203.66M | -71.95M | -78.29M | -204.06M |
| Financing Cash Flow | -209.16M | -535.00M | -379.21M | -489.05M | -233.73M | -101.83M |
Dream International Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | HK$4.42B | 7.41 | 14.04% | 9.30% | 9.74% | -22.94% | |
80 Outperform | HK$205.72B | 13.65 | 57.49% | 1.75% | 86.78% | 101.48% | |
71 Outperform | HK$1.83B | 4.85 | 6.09% | 4.52% | 0.34% | 40.53% | |
56 Neutral | HK$1.03B | -4.18 | -5.52% | 9.00% | -18.78% | 42.15% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | HK$533.45M | -72.66 | -0.68% | 14.89% | -23.66% | -152.03% | |
45 Neutral | HK$186.32M | -0.73 | -14.23% | 1.22% | 4.04% | -16.43% |
* General Sector Average
HK:1126
Dream International
6.45
-6.18
-48.91%
HK:1086
Goodbaby International Holdings
1.11
-0.16
-12.58%
HK:0869
Playmates Toys
0.47
-0.12
-21.19%
HK:0635
Playmates Holdings
0.50
0.02
5.04%
HK:0180
Kader Holdings Co. Ltd.
0.20
-0.02
-11.31%
HK:9992
Pop Mart International Group Limited
155.70
-114.71
-42.42%
Dream International Corporate Events
Dream International Sets Board Meeting to Approve Interim Results and Consider Dividend
Aug 14, 2026
Dream International Limited has announced that its board of directors will convene a meeting on 26 August 2026 at the company’s registered office in Hong Kong. The session is scheduled to review and approve the group’s interim financia...
Dream International warns of profit slump on rising costs
Aug 12, 2026
Dream International has warned shareholders and potential investors that its unaudited consolidated management accounts indicate a significant drop in profitability for the first half of 2026. The group expects net profit for the six months ended ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.