Professional
Added to YB: 2025-04-07
Pitch date: 2025-04-02
1405.HK [bullish]
DPC Dash Ltd
-22.55%
current return
Author Info
Night Watch Investment Management is an alternative asset manager focused on global equities, selected based on our in-depth proprietary research. Our investment style is best described as value plus catalyst. Visit their website.
Company Info
DPC Dash Ltd, together with its subsidiaries, operates a chain of fast-food restaurants in the People’s Republic of China.
Market Cap
HKD 13.0B
Pitch Price
HKD 100.00
Price Target
518.50 (+569%)
Dividend
N/A
EV/EBITDA
18.68
P/E
236.96
EV/Sales
3.13
Sector
Hotels, Restaurants and Leisure
Category
growth
Night Watch Investment Management Portfolio Holding: DPC DASH
1405.HK: Domino's Pizza China franchise. 1000 stores, 30-35% annual growth. $200k/store cost, $100k op profit, 2yr payback. Some new stores <1yr payback. 50-100% ROIC. Bought at $1.2m/store valuation (12x store EBIT). Path to 3000 stores by 2029. 3-5x potential in 5 years if execution continues.
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