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DPC Dash Ltd (1405) Fair Value & Analysis

Consumer Cyclical · HK · Market cap HK$4.2B

DD DPC Dash Ltd 1405 · HK
PriceHK$36.84
Fair ValueHK$34.28
Upside-7.0%
Quality41/100
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Healthy Growth
Thin margins · 2.6% net margin
Low debt · generates free cash flow
Mixed vs. peers (7/13)
Narrow moat 27/100
Evidence: High Range HK$26.46 – HK$41.92 Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated 3 days ago

Fair value updated Aug 13, 2026, revised from HK$34.24 to HK$34.28 (+0.1%) since Aug 5, 2026. Share price +0.6% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from HK$26.46 (bear) to HK$41.92 (bull), base HK$34.28. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 41/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (3 years)

HK$114.30 HK$28.86 Fair Value HK$34.28 Mar 2023 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

41‑month range HK$28.86 – HK$114.30 · fair‑value band HK$26.46 – HK$41.92 · the HK$36.84 price screens above the HK$34.28 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

DPC Dash Ltd (1405) currently trades at HK$36.84, while our model-based Fair Value estimate is HK$34.28, implying the stock looks roughly 7.0% fairly valued today. The Quality Score stands at 41/100 (below-average quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, DPC Dash Ltd generated revenue of HK$5.4B at a net margin of 2.6%. Revenue grew 22.7% year over year. It earns a return on equity of 6.1%. Net debt stands at HK$1.0B. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$26.46 (bear case) to HK$41.92 (bull case); at HK$36.84, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades about 64% below its 52-week high and 30% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -51% fair-value upside, at -7%, 1405 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Growth DCF HK$55.79 HK$100.68 HK$173.01 80
Rev-Margin DCF HK$38.00 HK$58.92 HK$103.02 74
ROIC Compounder HK$21.18 HK$26.94 HK$32.41 72
All 24 models by family
DCF Models
FCF DCF HK$59.01 HK$87.57 HK$176.60 38
Owner Earnings HK$52.49 HK$108.92 HK$223.03 31
5Y Revenue Exit HK$35.23 HK$52.22 HK$87.42 39
5Y EBITDA Exit HK$70.28 HK$123.07 HK$226.73 41
5Y P/E Exit HK$34.02 HK$59.63 HK$93.02 38
10Y Revenue Exit HK$42.07 HK$74.99 HK$92.83 36
10Y EBITDA Exit HK$67.84 HK$148.74 HK$291.45 37
10Y P/E Exit HK$41.98 HK$72.46 HK$119.07 35
Earnings-Based
Graham-Dodd HK$7.14 HK$49.81 HK$69.91 54
Lynch FV HK$25.74 HK$36.77 HK$47.80 50
PEG = 1.0 HK$25.74 HK$36.77 HK$47.80 46
EPV HK$19.67 HK$21.82 HK$23.67 59
Multiples
P/E Multiple HK$17.33 HK$23.11 HK$28.89 63
P/S Multiple HK$13.39 HK$17.86 HK$22.32 58
P/B Multiple HK$13.39 HK$17.86 HK$22.32 55
EV/EBIT HK$32.36 HK$41.11 HK$49.87 53
EV/EBITDA HK$72.53 HK$94.68 HK$116.82 54
EV/Revenue HK$23.80 HK$31.39 HK$38.97 43
Asset-Based
NCAV (Graham) HK$9.26 HK$12.41 HK$18.52 50
Growth DCF
Growth DCF HK$55.79 HK$100.68 HK$173.01 80
Rev-Margin DCF HK$38.00 HK$58.92 HK$103.02 74
Economic Profit
Residual Income HK$14.24 HK$14.50 HK$14.16 61
ROIC Compounder HK$21.18 HK$26.94 HK$32.41 72
Growth Earnings
Growth-Adj P/E HK$34.16 HK$48.80 HK$63.44 68

Widest divergence: DCF Models (HK$74.99) versus Asset-Based (HK$12.41). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) HK$5.4B
Revenue growth (YoY) +22.7%
Net margin 2.6%
Return on equity 6.1%
Free cash flow HK$438M FY2025
P/E ratio 26.2 as of Jul 2, 2026
More key figures
Operating margin 4.5%
EPS (TTM) HK$0.4900
EPS growth (YoY) +65.4%
Net debt HK$1.0B FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 41/100

Of which business quality 45 · Market factors (momentum, volatility) 27

Profitability 37
Margins and returns on capital today
Quality Growth 65
Are margins and returns improving?
Cashflow 58
Earnings quality: real cash, not paper profit
Fin. Strength 53
Balance sheet, leverage, solvency risk
Investment 21
Disciplined investing over empire-building
Low Volatility 67
Calm price path (market factor)
Momentum 12
Price trend over the last 3–12 months (market factor)
52W Momentum 6
Distance to the 52-week high (market factor)
Net Issuance 28
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

DPC Dash Ltd, together with its subsidiaries, operates a chain of fast-food restaurants in the People's Republic of China. It offers fast-food products, such as pizza, and beverages. In addition, the company engages in restaurant management, dough production, and provides warehousing services.

Full company description

DPC Dash Ltd, together with its subsidiaries, operates a chain of fast-food restaurants in the People's Republic of China. It offers fast-food products, such as pizza, and beverages. In addition, the company engages in restaurant management, dough production, and provides warehousing services. DPC Dash Ltd was formerly known as Dash Brands Ltd and changed its name to DPC Dash Ltd in September 2021. The company was incorporated in 2008 and is headquartered in Shanghai, China.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

DPC Dash Ltd reported revenue of HK$5.2B in FY2025 versus HK$1.6B in FY2021, a compound +34.3%/yr. Reported net income was HK$138M in FY2025.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
HK$5.2B
Latest YoY
+21.5%
Avg. growth/yr (3Y) 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.
+37.4%
Avg. growth/yr (5Y) 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.
+36.6%
Avg. growth/yr (6Y) 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.
+35.8%
Revenue +34.3%/yr
FY21 HK$1.6B
FY22 HK$2.0B
FY23 HK$3.1B
FY24 HK$4.3B
FY25 HK$5.2B
Net income
FY21 −HK$471M
FY22 −HK$223M
FY23 −HK$26.6M
FY24 HK$55.2M
FY25 HK$138M

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Cite: Fair Value Calculator (2026). "DPC Dash Ltd Fair Value". https://www.fairvalue-calculator.com/stock/1405

Peer Group

Restaurants · 227 stocks

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.

Quality Score 41 · Bottom 25%
Fair Value upside −7% · Below median
Return on equity (TTM) 6% · Above median
Return on assets 3% · Above median
Net margin (TTM) 3% · Above median
Operating margin (TTM) 4% · Above median
Revenue growth 23% · Top 25%
Debt / equity 0.08× · Higher than median

Valuation Multiples vs Restaurants median · lower = cheaper

P/E (TTM) 26.2× · Pricier than median
P/B 1.71× · Pricier than median
P/S (TTM) 0.78× · Pricier than median
P/FCF 1.2× · Cheaper than median
EV/EBITDA 6.0× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 24 · sector 27
FUTURE 100 · sector 19
PAST 24 · sector 15
HEALTH 96 · sector 97
DIVIDEND 0 · sector 71

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Restaurants stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
McDonald's Corporation MCDS C$24.01 C$10.84 -55%
Starbucks Corporation SBUX $108.49 $35.83 -67%
Chipotle Mexican Grill, Inc CMG $32.00 $17.92 -44%
Yum! Brands, Inc YUM $150.34 $58.17 -61%
Restaurant Brands International Inc QSR C$104.50 C$36.37 -65%
Darden Restaurants, Inc DRI $218.90 $173.68 -21%
Yum China Holdings YUMC $47.90 $54.27 +13%
Texas Roadhouse, Inc TXRH $214.28 $104.89 -51%
Dutch Bros Inc BROS $51.02 $12.80 -75%
Domino's Pizza, Inc DPZ $353.72 $227.31 -36%

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Frequently asked questions

Is DPC Dash Ltd (1405) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$34.28 versus a price of HK$36.84, about −7% (fairly valued).
What is the fair value of 1405?
Our model-based fair value for DPC Dash Ltd is HK$34.28 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$36.84.
What is the quality score of 1405?
DPC Dash Ltd has a Quality Score of 41/100. 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 revenue of DPC Dash Ltd (1405)?
DPC Dash Ltd reported trailing-twelve-month revenue of about HK$5.4B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 1405?
The net profit margin of DPC Dash Ltd is about 2.6%, meaning it keeps roughly 2.6% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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