Added to YB: 2024-06-27
Pitch date: 2024-06-26
1126.HK [bullish]
Dream International Limited
+113.43%
current return
Author Info
No bio for this author
Company Info
Dream International Limited, an investment holding company, designs, develops, manufactures, and sells plush stuffed toys, plastic figures, dolls, die casting products, and fabrics.
Market Cap
HKD 7.8B
Pitch Price
HKD 3.90
Price Target
N/A
Dividend
5.22%
EV/EBITDA
5.75
P/E
10.14
EV/Sales
1.10
Sector
Leisure Products
Category
growth
Portfolio and thesis update #2: Dream International Limited
Dream Int'l (1126.HK): Toy manufacturer, 9.1% 5Y rev growth, 20.1% 5Y EPS growth. 52.3% 2Y fw EPS growth. Strong ROE 17.25%, ROCE 20.5%, ROIC 18.6%. 11.34% dividend. 70%+ insider ownership. Cheap at 4.04x P/E, 5x fwd P/E, 2.5-3x fwd P/FCF. Potential 40%+ annual returns on Vietnam manufacturing shift & multiple expansion. China risk vs. strong financials.
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