Dickson Concepts International Ltd (0113) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Dickson Concepts International Ltd stock HK$14.19, price HK$5.93, upside +139.5%, quality 73 out of 100. Rating: strongly undervalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range HK$2.63 – HK$6.95 · fair‑value band HK$10.64 – HK$17.73 · the HK$5.93 price screens below the HK$14.19 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Dickson Concepts (International) Limited, an investment holding company, sells luxury goods in Hong Kong, Taiwan, and internationally. It operates in two segments, Sale of Luxury Goods and Securities Investment.
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The company also sells and licenses fashion and accessories, watches and jewelry, cosmetics and beauty products, lighters, writing instruments, and leather goods. In addition, it provides interior design, management consultancy and professional services, and import services; and operates warehouses.
Further, the company engages in the securities and property investment activities; trademarks agency business; arrangement of property tenancy agreements; and operation of Harvey Nichols and Beauty Avenue stores.
It offers its products under the Harvey Nichols, Beauty Avenue, S.T. Dupont, Dickson Watch & Jewellery, Rolex, Tudor, Chopard, Bvlgari, Hublot, Tod's, Roger Vivier, and Hogan brand names. The company was founded in 1980 and is headquartered in Tsim Sha Tsui, Hong Kong.
Dickson Concepts (International) Limited operates as a subsidiary of Dickson Investment Holding (PTC) Corporation.
Stock analysis
Dickson Concepts International Ltd (0113) currently trades at HK$5.93, while our model-based Fair Value estimate is HK$14.19, implying the stock looks roughly 58% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of HK$18.70 per share, and 20 of the 24 models we run sit above the HK$5.93 price.
Bear case: the Dividend Discount group reads lowest at HK$2.47, and 4 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: HK$10.64 (bear) to HK$17.73 (bull), the price of HK$5.93 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 73/100 (solid quality), in the Consumer Cyclical sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Dickson Concepts International Ltd reported revenue of HK$2.0B in FY2026 versus HK$2.0B in FY2022, a compound −0.4%/yr. Reported net income was HK$249M in FY2026, compounding +5.5%/yr from FY2022.
Key figures
Market cap HK$2.3B (≈ $292M) Micro · P/E ratio 9.1 · P/S ratio 1.14 · EPS (TTM) HK$0.3900 · Dividend yield 5.9% · Net margin 12.5% · Return on equity 6.9% · Return on assets (EBIT) 5.7% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 11% below its 52-week high and 16% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 28% fair-value upside, at 139%, 0113 screens cheaper than that median.
Fair Value models
BearHK$10.64Fair Value HK$14.19BullHK$17.73
Price HK$5.93 · Upside +139.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (HK$0.0244 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+3.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−2.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−2.7%
Start year 2021 (pandemic). Over 10 years: −5.8% a year
Revenue growth 26 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−1.6%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−5.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−11.3%
Dividend (yield on the price)5.9%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.base effect: −11.3% / 11.8%
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.21% → 12%
Pace: the 5-year rate starts in 2021 (pandemic)
⚠ Revenue per share shrinking 7.4%/yr over ~10Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
Little optimism in the price
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
less than -40 %
The company could shrink this much every year for the next five years and today's price would still be justified.
Compare Dickson Concepts International Ltd with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Luxury Goods · 122 stocks
Beats the industry median on 8/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score73 · Top 25%
Fair Value upside+139.5% · Top 25%
Profitability
Return on equity (12 months)6.9% · Below median
Return on assets4.9% · Below median
Net margin (12 months)12.5% · Top 25%
Operating margin (12 months)8.9% · Above median
Growth and dividend
Revenue growth (quarter YoY)5.8% · Below median
Dividend yield (12 months)5.9% · Top 25%
Valuation Multiplesvs Luxury Goods median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Dickson Concepts International Ltd Fair Value". https://www.fairvalue-calculator.com/stock/0113
Frequently asked questions
Is Dickson Concepts International Ltd (0113) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of HK$14.19 versus a price of HK$5.93, about +139% upside (undervalued).
What is the fair value of 0113?
Our model-based fair value for Dickson Concepts International Ltd is HK$14.19 (as of Nov 8, 2026), built from audited fundamentals. The current price: HK$5.93.
What is the quality score of 0113?
Dickson Concepts International Ltd has a Quality Score of 73/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Dickson Concepts International Ltd (0113)?
Our model-based price target is the fair value of HK$14.19 (as of Nov 8, 2026) from 24 valuation models. Cautious scenario HK$10.64, optimistic scenario HK$17.73. It is a calculation from audited fundamentals, not an analyst target.
What is the Dickson Concepts International Ltd stock forecast for 2026?
Our models put fair value at HK$14.19, about +139% upside versus a price of HK$5.93 (undervalued). Cautious scenario HK$10.64, optimistic scenario HK$17.73. The calculation is refreshed regularly with new filings.
What is the revenue of Dickson Concepts International Ltd (0113)?
Dickson Concepts International Ltd reported trailing-twelve-month revenue of about HK$2.0B (latest available figure, as of Nov 8, 2026).
Does Dickson Concepts International Ltd pay a dividend?
Dickson Concepts International Ltd currently shows a dividend yield of 5.91% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Dickson Concepts International Ltd (0113) and when is the ex-dividend date?
Dickson Concepts International Ltd pays a dividend of HK$0.35 per share a year, a dividend yield of 5.9%. The last ex-dividend date was Aug 11, 2026. A dividend has been paid every year since at least 1990. The payout ratio is 89.7% of earnings. Free cash flow covers the dividend 2.62 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Dickson Concepts International Ltd (0113)?
For today's price to be fair in a discounted-cash-flow model, Dickson Concepts International Ltd would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -2.7 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 0113 use?
Our models discount Dickson Concepts International Ltd at 11.8 %: a base by market capitalisation (micro), damped by beta 0.27, country premium for Hong Kong. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Dickson Concepts International Ltd that is less than minus 40 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Dickson Concepts International Ltd (0113) delivered so far?
Over the past 5 years revenue at Dickson Concepts International Ltd grew -2.7 % a year. The price currently implies free-cash-flow growth of less than minus 40 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Dickson Concepts International Ltd (0113) growing?
The median revenue growth in the sector is +4.8 % a year. That is the yardstick for the growth priced into Dickson Concepts International Ltd (less than minus 40 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Dickson Concepts International Ltd (0113)?
The free-cash-flow yield on the price is 15.50 %: that much free cash flow Dickson Concepts International Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Dickson Concepts International Ltd (0113)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Dickson Concepts International Ltd it is HK$14.19 per share (as of Nov 8, 2026), against a price of HK$5.93. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Dickson Concepts International Ltd stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 0113 trades below its calculated fair value: price HK$5.93, fair value HK$14.19, a gap of about +139% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 0113?
No. The price is what the market pays today (HK$5.93); the fair value is what the company's own numbers justify (HK$14.19). For Dickson Concepts International Ltd the two are HK$8.27 per share apart. That gap is exactly why we show both numbers side by side.
How much is Dickson Concepts International Ltd worth?
The market values Dickson Concepts International Ltd at about HK$2.3B (market capitalisation, as of Nov 8, 2026). Per share that is HK$5.93; our models calculate a fair value of HK$14.19 per share.
What do the bullish and bearish scenarios say about 0113?
Our models span a range for Dickson Concepts International Ltd: cautious scenario HK$10.64, base HK$14.19, optimistic HK$17.73 per share (as of Nov 8, 2026, price HK$5.93). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 0113?
Dickson Concepts International Ltd trades at a price-to-earnings ratio of 9.1 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of HK$14.19 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2017 to 2026), reported earnings: 6.8. Other multiples: P/B 0.6, P/S 1.2.
How solid is the balance sheet of Dickson Concepts International Ltd (0113)?
Balance-sheet figures for Dickson Concepts International Ltd (as of Nov 8, 2026): return on equity 6.9%. They feed the Quality Score of 73/100, which measures business quality independently of the share price.
How far is 0113 from its 52-week high?
Dickson Concepts International Ltd trades at HK$5.93, about 11% below its 52-week high of HK$6.69 and 16% above the low of HK$5.12 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of HK$14.19 is for.
Which stocks are comparable to Dickson Concepts International Ltd?
From the same area (Consumer Cyclical) we also value Compagnie Financière Richemont SA, Christian Dior SE, Tapestry, Inc, Chow Tai Fook Jewellery Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Dickson Concepts International Ltd stock attractive at the current price?
The data as of Nov 8, 2026: price HK$5.93, calculated fair value HK$14.19 (+139%), Quality Score 73/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 0113 calculated?
We run Dickson Concepts International Ltd through 24 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of HK$14.19 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Dickson Concepts International Ltd currently trades 58% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Dickson Concepts International Ltd (0113)?
The closing price on Nov 9, 2026 was HK$5.93. Our model-based fair value is HK$14.19, about +139% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Dickson Concepts International Ltd right now?
The price is below even our cautious bear case (HK$10.64). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (73/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Dickson Concepts International Ltd
How large is the market capitalisation of Dickson Concepts International Ltd (0113)?
The market capitalisation of Dickson Concepts International Ltd is HK$2.3B (≈ $292M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Dickson Concepts International Ltd (0113)?
The price-to-sales ratio of Dickson Concepts International Ltd is 1.14 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Dickson Concepts International Ltd (0113)?
Earnings per share at Dickson Concepts International Ltd are HK$0.3900 (price ÷ EPS = P/E 9.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Dickson Concepts International Ltd (0113)?
The dividend yield of Dickson Concepts International Ltd is 5.9% (payout 89.7%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Dickson Concepts International Ltd (0113)?
The net margin of Dickson Concepts International Ltd is 12.5% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Dickson Concepts International Ltd (0113)?
The return on equity (ROE) of Dickson Concepts International Ltd is 6.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Dickson Concepts International Ltd (0113)?
On an EBIT basis the return on assets of Dickson Concepts International Ltd is 5.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Dickson Concepts International Ltd (0113)?
The operating margin of Dickson Concepts International Ltd is 8.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Dickson Concepts International Ltd (0113)?
Revenue at Dickson Concepts International Ltd is growing +5.8% versus a year earlier (3y avg −2.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Dickson Concepts International Ltd (0113)?
Earnings per share at Dickson Concepts International Ltd are growing +51.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Dickson Concepts International Ltd (0113) hold?
Dickson Concepts International Ltd holds more cash than debt, HK$2.7B net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 8, 2026