S.A.S. Dragon Holdings Limited (1184) AI Stock Analysis

• Market Cap: HK$2.90B
• Dividend Yield: 8.64%
• Average Volume (3M): 131.24K
• Price to Earnings (P/E): 6.7
• Beta (1Y): 0.25
• Revenue Growth: -0.06%
• EPS Growth: -6.11%
• Country: HK
• Employees: 510
• Sector: Technology
• Sector Strength: 88
• Industry: Technology Distributors
• EPS (TTM): 0.42
• Shares Outstanding: 625,837,460
• 10 Day Avg. Volume: 209,000
• 30 Day Avg. Volume: 131,240
• PEG Ratio: 0.23
• Price to Book (P/B): 0.91
• Price to Sales (P/S): 0.09
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$6.00
• Price Target Upside: 29.59% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 76 Outperform
• Price Target: HK$6.00 ▲(29.59% Upside)

S.A.S. Dragon Holdings Limited is well-positioned with strong technical indicators and attractive valuation metrics. The financial performance is solid, though cash flow concerns need addressing. The stock's bullish momentum and undervaluation are significant positives.

S.A.S. Dragon Holdings Limited Business Overview & Revenue Model

Company Description

S.A.S. Dragon Holdings Limited, an investment holding company, distributes electronic components and semiconductor products in Hong Kong, Mainland China, Taiwan, Singapore, the United States, Vietnam, Macao, India, and internationally. The company provides electronic supply chain services specializing in design, development, sourcing, quality assurance, and logistics management of electronic components and semiconductors products, including chipset solutions, display panels, memory chips, light-emitting diode (LED) lighting solutions, power supply system solutions, multimedia system solutions, PEMCO, IoT home automation solutions, LED lighting, and other premier solutions. Its solutions are used in mobile phone, consumer electronics, computer and networking, telecommunication, and LED lighting and display products. The company also distributes home appliances and business equipment, as well as provides related ancillary services; provides digital out-of-home advertising solutions; and sells LED UV-C wellness products. It markets its products under the SHARP, SQUARE, Light in Motion, Life in Motion, and LIM InfraSystems brand names. The company serves semiconductor suppliers and electronics manufacturing services providers, original equipment manufacturers, original design manufacturers, valued-added resellers, retailers, and end customers. As of December 31, 2021, it carried 18 units of investment properties for commercial and industrial uses in Hong Kong and China. The company was founded in 1981 and is based in Kwai Chung, Hong Kong.

How the Company Makes Money

S.A.S. Dragon Holdings Limited generates revenue through multiple streams, primarily from the distribution and sales of electronic components to businesses across various industries. The company's revenue model is anchored in its ability to source high-demand products from reputable manufacturers, which it then sells to clients in the technology and telecommunications sectors. Key revenue streams include direct sales of electronic components, value-added services such as logistics and supply chain management, and long-term contracts with strategic partners. Additionally, the company benefits from economies of scale and strong relationships with suppliers, enabling it to negotiate favorable terms and competitive pricing, which further enhances its profitability.

S.A.S. Dragon Holdings Limited Financial Statement Overview

Summary

S.A.S. Dragon Holdings Limited exhibits strong revenue growth and stable profitability. The balance sheet is solid with good leverage management, but the absence of cash flow data for 2024 is concerning. Improving cash flow consistency and profit margins will enhance financial stability.

Income Statement

S.A.S. Dragon Holdings Limited shows a strong income statement with consistent revenue growth from 2023 to 2024. The gross profit margin increased slightly from 5.88% in 2023 to 5.15% in 2024, and the net profit margin improved from 1.81% to 1.81%. EBIT and EBITDA margins are stable, indicating efficient operational management. However, the company needs to improve further on its net profit margins to maximize profitability.

Balance Sheet

The balance sheet demonstrates a stable financial position with a healthy debt-to-equity ratio of 0.83 in 2024, showing good leverage management. The equity ratio stands at 27.94%, reflecting a solid base of equity financing. Return on equity is moderately strong at 17.51%, indicating efficient use of equity to generate profits. However, maintaining this stability will be crucial as the industry evolves.

Cash Flow

The cash flow statement highlights a concerning trend with zero reported operating cash flow and free cash flow in 2024, possibly due to unreported figures. Previously, there was a significant operating cash flow in 2023, highlighting operational efficiency. The company needs to ensure consistent cash flow generation going forward to support long-term growth and investment.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	26.71B	27.76B	22.37B	24.97B	35.30B	20.16B
Gross Profit	1.20B	1.43B	1.32B	1.29B	1.59B	870.74M
EBITDA	769.61M	909.90M	847.44M	804.71M	1.21B	529.42M
Net Income	434.47M	501.24M	403.80M	400.34M	713.19M	261.90M
Balance Sheet
Total Assets	10.41B	10.25B	7.83B	8.14B	9.33B	7.28B
Cash, Cash Equivalents and Short-Term Investments	4.60B	3.05B	1.67B	1.54B	1.89B	1.22B
Total Debt	2.67B	2.39B	1.06B	1.60B	2.52B	2.03B
Total Liabilities	7.11B	7.16B	5.00B	5.13B	6.49B	5.16B
Stockholders Equity	3.00B	2.86B	2.64B	2.46B	2.39B	1.86B
Cash Flow
Free Cash Flow	2.80B	549.33M	1.03B	938.10M	363.46M	283.43M
Operating Cash Flow	2.81B	552.81M	1.04B	954.23M	373.96M	303.94M
Investing Cash Flow	148.31M	12.91M	38.22M	-5.80M	17.83M	61.11M
Financing Cash Flow	508.80M	781.74M	-928.46M	-1.29B	223.90M	-333.67M

S.A.S. Dragon Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 4.63
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1184, the sentiment is Neutral. The current price of 4.63 is above the 20-day moving average (MA) of 4.56, above the 50-day MA of 4.54, and above the 200-day MA of 4.06, indicating a neutral trend. The MACD of 0.07 indicates Negative momentum. The RSI at 49.38 is Neutral, neither overbought nor oversold. The STOCH value of 35.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:1184.

S.A.S. Dragon Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1184	76 Outperform	HK$2.90B	6.67	14.95%	8.64%	-0.06%	-6.11%
0400	73 Outperform	€4.52B	18.24	5.41%	―	33.59%	-15.98%
2166	72 Outperform	HK$948.04M	8.04	11.96%	6.63%	-5.58%	22.50%
3991	65 Neutral	HK$2.90B	7.34	13.40%	4.46%	6.01%	9.76%
0595	62 Neutral	HK$377.10M	7.02	3.12%	4.82%	20.90%	-50.79%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
6036	56 Neutral	HK$510.68M	34.17	5.11%	―	14.50%	247.50%

S.A.S. Dragon Holdings Limited Corporate Events

S.A.S. Dragon Holdings Announces AGM and Share Buy-back Plan

S.A.S. Dragon Holdings Limited has announced its upcoming annual general meeting scheduled for May 20, 2025, in Shenzhen, China. Key agenda items include the adoption of financial statements, declaration of a final dividend, re-election of directors, and re-appointment of auditors. Additionally, the company seeks approval for a share buy-back program, allowing the repurchase of up to 10% of its issued shares, which could impact its stock liquidity and shareholder value.

S.A.S. Dragon Holdings Reports Strong Financial Growth in 2024

S.A.S. Dragon Holdings Limited reported a significant increase in its financial performance for the year ended 31 December 2024, with revenue rising by 24.1% to HK$27,757 million and profit attributable to owners increasing by the same percentage to HK$501.2 million. The company’s earnings per share also saw a 24.1% increase, and the total dividend per share rose by 14.3%. These results indicate a strong operational performance and suggest a positive outlook for stakeholders.

S.A.S. Dragon Holdings Announces Final Dividend for 2024

S.A.S. Dragon Holdings Limited announced a final ordinary cash dividend of HKD 0.25 per share for the financial year ending December 31, 2024. The dividend is set to be approved by shareholders on May 20, 2025, with the payment date scheduled for June 4, 2025. This announcement reflects the company’s financial health and commitment to returning value to its shareholders, potentially impacting its market positioning positively.

S.A.S. Dragon Holdings to Approve Annual Results and Dividend

S.A.S. Dragon Holdings Limited has announced that its board of directors will meet on March 27, 2025, to approve the annual results for the year ending December 31, 2024. The meeting will also consider the recommendation of a final dividend payment. This announcement is significant as it outlines the company’s financial performance and potential dividend distribution, which could impact shareholder value and market perception.

S.A.S. Dragon Holdings Announces Change in Share Registrar

S.A.S. Dragon Holdings Limited, a company incorporated in Bermuda, has announced a change in its Hong Kong share registrar and transfer office. Effective from March 14, 2025, Tricor Investor Services Limited will take over these responsibilities. This change requires shareholders to lodge applications for the registration of share transfers with Tricor from the effective date, and any uncollected share certificates by March 13, 2025, will be available for collection from Tricor thereafter.