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S.A.S. Dragon Holdings Limited
(1184)
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Rating:74Outperform
Price Target:
HK$10.00
â–²(126.24% Upside)
Action:Upgraded
Date:08/22/26
The score is driven by supportive valuation (low P/E and strong dividend yield) and strong technical uptrend (price above major moving averages with positive MACD). Offsetting these positives, financial performance is constrained by structurally thin margins, higher leverage versus 2023, and volatile cash generation including a sharp 2025 free-cash-flow drop.
Positive Factors
Revenue recovery and rising earnings
The 2025 revenue rebound and multi-year increase in net income indicate renewed demand and improving operating scale. If sustained, this recovery can strengthen the company’s earnings base and support continued business development over the next several quarters.
Negative Factors
Structurally thin profitability
The company’s narrow margins leave limited protection against supplier-cost increases, pricing pressure, or weaker volumes. Even with stable operating profitability, modest deterioration in trading conditions could materially affect earnings and reduce resilience.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue recovery and rising earnings
The 2025 revenue rebound and multi-year increase in net income indicate renewed demand and improving operating scale. If sustained, this recovery can strengthen the company’s earnings base and support continued business development over the next several quarters.
Read all positive factors
S.A.S. Dragon Holdings Limited (1184) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$5.62B
Dividend Yield4.47%
Average Volume (3M)132.00K
Price to Earnings (P/E)5.1
Beta (1Y)0.29
Revenue Growth91.88%
EPS Growth154.47%
CountryHK
Employees500
SectorTechnology
Sector Strength88
IndustryTechnology Distributors
Share Statistics
EPS (TTM)1.77
Shares Outstanding625,837,460
10 Day Avg. Volume73,080
30 Day Avg. Volume132,001
Financial Highlights & Ratios
PEG Ratio0.45
Price to Book (P/B)0.89
Price to Sales (P/S)0.09
P/FCF Ratio3.55
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
S.A.S. Dragon Holdings Limited Business Overview & Revenue Model
Company Description
Founded in 1981 and headquartered in Kwai Chung, Hong Kong, S.A.S. Dragon Holdings Limited operates as an investment holding company with a primary focus on the global distribution of electronic components and semiconductor products. Its extensive...
How the Company Makes Money
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S.A.S. Dragon Holdings Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
66
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 51.25B | 30.54B | 27.76B | 22.37B | 24.97B | 35.30B |
| Gross Profit | 2.40B | 1.33B | 1.43B | 1.32B | 1.29B | 1.59B |
| EBITDA | 1.93B | 895.06M | 909.90M | 847.44M | 804.71M | 1.21B |
| Net Income | 1.11B | 556.72M | 501.24M | 403.80M | 400.34M | 713.19M |
Balance Sheet | ||||||
| Total Assets | 16.13B | 10.90B | 10.25B | 7.83B | 8.14B | 9.33B |
| Cash, Cash Equivalents and Short-Term Investments | 2.28B | 3.91B | 3.05B | 1.67B | 1.54B | 1.89B |
| Total Debt | 5.52B | 2.68B | 2.39B | 1.06B | 1.60B | 2.52B |
| Total Liabilities | 11.68B | 7.34B | 7.16B | 5.00B | 5.13B | 6.49B |
| Stockholders Equity | 3.84B | 3.18B | 2.86B | 2.64B | 2.46B | 2.39B |
Cash Flow | ||||||
| Free Cash Flow | -4.88B | 795.84M | 549.33M | 1.03B | 938.10M | 363.46M |
| Operating Cash Flow | -4.86B | 809.80M | 552.81M | 1.04B | 954.23M | 373.96M |
| Investing Cash Flow | 57.08M | 106.56M | 12.91M | 38.22M | -5.80M | 17.83M |
| Financing Cash Flow | 2.46B | -79.77M | 781.74M | -928.46M | -1.29B | 223.90M |
S.A.S. Dragon Holdings Limited Technical Analysis
Positive
4.42
Price Trends
7.90
Positive
6.99
Positive
5.72
Positive
Market Momentum
0.31
Positive
69.50
Neutral
37.88
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1184, the sentiment is Positive. The current price of 4.42 is below the 20-day moving average (MA) of 8.57, below the 50-day MA of 7.90, and below the 200-day MA of 5.72, indicating a bullish trend. The MACD of 0.31 indicates Positive momentum. The RSI at 69.50 is Neutral, neither overbought nor oversold. The STOCH value of 37.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1184.
S.A.S. Dragon Holdings Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | HK$1.12B | 5.01 | 12.36% | 1.54% | 12.17% | 331.64% | |
75 Outperform | HK$13.90B | 7.91 | 16.01% | 4.40% | 10.80% | 37.32% | |
74 Outperform | HK$5.62B | 5.05 | 31.47% | 4.47% | 91.88% | 154.47% | |
65 Neutral | HK$472.54M | 9.59 | 1.66% | 1.22% | 6.08% | -86.65% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | HK$7.92B | 17.97 | 8.41% | 2.94% | 81.43% | 65.90% | |
52 Neutral | HK$1.56B | 3.66 | 11.99% | 8.26% | 20.47% | 7.47% |
* Technology Sector Average
HK:1184
S.A.S. Dragon Holdings Limited
8.95
4.73
112.42%
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S.A.S. Dragon Holdings Limited Corporate Events
S.A.S. Dragon Delivers Strong Interim Earnings and Boosts Dividend
Aug 20, 2026
S.A.S. Dragon Holdings Limited reported a sharp surge in interim revenue and profit for the six months ended 30 June 2026, with sales climbing 164.5% year on year to HK$33.3 billion and profit attributable to shareholders jumping 208.3% to HK$812....
S.A.S. Dragon Declares HKD 0.4 Interim Dividend for First Half of 2026
Aug 20, 2026
S.A.S. Dragon Holdings Limited has declared an interim ordinary cash dividend of HKD 0.4 per share for the six months ended 30 June 2026, relating to its financial year ending 31 December 2026. The distribution underscores the company’s ongo...
S.A.S. Dragon Sets Board Meeting to Approve 2026 Interim Results and Consider Dividend
Aug 10, 2026
S.A.S. Dragon Holdings Limited has scheduled a board meeting for 20 August 2026 to review and approve the unaudited interim results for the six months ended 30 June 2026, covering the performance of the company and its subsidiaries. At the same me...
S.A.S. Dragon Updates Bermuda Registered Office and Confirms Hong Kong Share Registrar
Jul 27, 2026
S.A.S. Dragon Holdings Limited has announced that, effective 3 August 2026, its registered office, principal share registrar and transfer office in Bermuda will relocate to Richmond House, 12 Par-la-Ville Road, Hamilton HM 08. The company’s ...
S.A.S. Dragon flags surge in first-half revenue and profit
Jul 14, 2026
S.A.S. Dragon Holdings Limited has issued a positive profit alert, indicating that unaudited group revenue for the six months ended 30 June 2026 is expected to reach HK$32 billion to HK$34 billion, a sharp rise of about 154% to 170% from HK$12.6 b...
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.