Dah Sing Financial Holdings Ltd (0440) fair value: what the stock is really worth
As of Nov 13, 2026: fair value (intrinsic value) of Dah Sing Financial Holdings Ltd stock HK$58.40, price HK$44.26, upside +31.9%, quality 59 out of 100. Rating: undervalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
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Dah Sing Financial Holdings Ltd
0440 · HKCheap (24% below fair value), solid company and rising price: meets all 3 rules.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 14, 2026.
How to read this chart
60‑month range HK$11.30 – HK$49.09 · fair‑value band HK$43.81 – HK$73.01 · the HK$44.26 price screens below the HK$58.40 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 14, 2026.
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Company profile
Dah Sing Financial Holdings Limited, an investment holding company, provides banking, insurance, financial, and other related services in Hong Kong, Macau, Mainland China, and internationally.
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The company operates through Personal Banking, Corporate Banking, Treasury and Global Markets, Mainland China and Macau Banking, and Insurance and Investment Operations segments.
The Personal Banking segment accepts various deposits from individual customers; and provides residential mortgage loans, personal loans, overdrafts, vehicle financing, and credit card services, as well as insurance sales and investment services.
The Corporate Banking segment accepts various deposits; and offers loans and working capital financing to commercial, industrial, and institutional customers, as well as trade financing services.
The Treasury and Global Markets segment provides foreign exchange services; cash management services for deposit taking and lending; and interest rate risk management services. This segment also manages investment in securities.
The Mainland China and Macau Banking segment offers personal and corporate banking products and services. The Insurance and Investment Operations segment is involved in the insurance, and pension fund management and investment business.
It provides insurance agency, nominee, general insurance, money lending, consultancy, and securities dealing services; and invests in properties. The company was formerly known as Fivetech Investments Limited and changed its name to Dah Sing Financial Holdings Limited in July 1987.
The company was founded in 1947 and is based in Wan Chai, Hong Kong.
Stock analysis
Dah Sing Financial Holdings Ltd (0440) currently trades at HK$44.26, while our model-based Fair Value estimate is HK$58.40, implying the stock looks roughly 24% undervalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of HK$87.99 per share, and 3 of the 6 models we run sit above the HK$44.26 price.
Bear case: the Dividend Discount group reads lowest at HK$25.51, and 3 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: HK$43.81 (bear) to HK$73.01 (bull), the price of HK$44.26 sits inside 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 59/100 (solid quality), in the Financial Services sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Dah Sing Financial Holdings Ltd reported revenue of HK$6.5B in FY2025 versus HK$7.5B in FY2021, a compound −3.5%/yr. Reported net income was HK$2.1B in FY2025, compounding +12.0%/yr from FY2021.
Key figures
Market cap HK$14.2B (≈ $1.8B) Small · P/E ratio 7.9 · P/S ratio 2.49 · Dividend yield 5.9% · Net margin 31.7% · Return on equity 6.0% · Return on assets (EBIT) 1.0% (5-year average) · Operating margin 48.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 61 out of 100 (low confidence).
What moves the price
The share trades about 10% below its 52-week high and 34% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −31% fair-value upside, at 32%, 0440 screens cheaper than that median.
Fair Value models
All 6 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
Watch 0440, get fair value alerts →
Earlier news
- Dah Sing Financial Holdings (SEHK:440) Stock May Still Look Reasonable On Excess Returns
- AM Best Upgrades Credit Ratings of Dah Sing Insurance Company Limited
- Sun Life Nears Insurance Deal With Hong Kong’s Dah Sing
- Sun Life, Billionaire Cheng Eye Insurance Deal With Hong Kong’s Dah Sing, Sources Say
Compare Dah Sing Financial Holdings Ltd with another stock
Price, fair value, quality and upside side by side.
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.Banks - Regional · 999 stocks
Valuation Multiplesvs Banks - Regional median · lower = cheaper
Strength profile in five axes (Snowflake)
HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- P/S ratio by industry
- EBIT margin by industry
- Piotroski F-Score screener with fair value
- Undervalued stocks: Hong Kong Stocks
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Banks - Regional stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Postal Savings Bank of China Co 601658 | ¥5.69 | ¥7.59 | +33% | vs 0440 |
| China Merchants Bank Co 600036 | ¥42.93 | ¥52.73 | +23% | vs 0440 |
| BNP Paribas SA BNP | €95.57 | €107.43 | +12% | vs 0440 |
| Intesa Sanpaolo S.p.A ISP | €6.26 | €4.91 | −22% | vs 0440 |
| UniCredit S.p.A UCG | €83.68 | €58.08 | −31% | vs 0440 |
| Oversea-Chinese Banking Corporation O39 | 28.53 SGD | 18.20 SGD | −36% | vs 0440 |
| DBS Group D05 | 69.90 SGD | 40.39 SGD | −42% | vs 0440 |
| Mizuho Financial Group MFG | $10.34 | $5.84 | −44% | vs 0440 |
| HDFC Bank Limited HDFCBANK | ₹804.00 | ₹406.39 | −49% | vs 0440 |
| ICICI Bank Limited ICICIBANK | ₹1,584 | ₹615.63 | −61% | vs 0440 |
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Key figures of Dah Sing Financial Holdings Ltd
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