Why is Dashang Co., Ltd. ?
1
Poor long term growth as Net Sales has grown by an annual rate of -14.13% and Operating profit at 1.65% over the last 5 years
2
With a fall in Net Sales of -22.11%, the company declared Very Negative results in Mar 25
- OPERATING CASH FLOW(Y) Lowest at CNY 629.02 MM
- INVENTORY TURNOVER RATIO(HY) Lowest at 0.89%
3
Below par performance in long term as well as near term
- Along with generating -14.92% returns in the last 1 year, the stock has also underperformed China Shanghai Composite in the last 3 years, 1 year and 3 months
How much should you sell?
- All quantity irrespective of whether you are making profits or losses
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Retailing)
When to re-enter? - We will constantly monitor the company and review our call based on new data
Is Dashang Co., Ltd. for you?
High Risk, Low Return
Absolute
Risk Adjusted
Volatility
Dashang Co., Ltd.
-14.92%
0.16
40.99%
China Shanghai Composite
14.77%
1.01
14.58%
Quality key factors
Factor
Value
Sales Growth (5y)
-14.13%
EBIT Growth (5y)
1.65%
EBIT to Interest (avg)
5.75
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-0.44
Sales to Capital Employed (avg)
0.72
Tax Ratio
31.10%
Dividend Payout Ratio
48.55%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
21.50%
ROE (avg)
7.34%
Valuation Key Factors 
Factor
Value
P/E Ratio
11
Industry P/E
Price to Book Value
0.70
EV to EBIT
2.87
EV to EBITDA
1.64
EV to Capital Employed
0.50
EV to Sales
0.40
PEG Ratio
NA
Dividend Yield
5.19%
ROCE (Latest)
17.23%
ROE (Latest)
6.52%
Technical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Mildly Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Mildly Bullish
Mildly Bearish
Dow Theory
Mildly Bearish
Mildly Bullish
OBV
Mildly Bearish
No Trend
Technical Movement
7What is working for the Company
RAW MATERIAL COST(Y)
Fallen by -4.19% (YoY
DEBT-EQUITY RATIO
(HY)
Lowest at -16.92 %
PRE-TAX PROFIT(Q)
Highest at CNY 386.11 MM
NET PROFIT(Q)
At CNY 262.08 MM has Grown at 85.84%
EPS(Q)
Highest at CNY 0.77
-4What is not working for the Company
OPERATING CASH FLOW(Y)
Lowest at CNY 629.02 MM
INVENTORY TURNOVER RATIO(HY)
Lowest at 0.89%
Here's what is working for Dashang Co., Ltd.
Pre-Tax Profit
Highest at CNY 386.11 MM
in the last five periodsMOJO Watch
Near term Pre-Tax Profit trend is positive
Pre-Tax Profit (CNY MM)
Pre-Tax Profit
At CNY 386.11 MM has Grown at 71.42%
over average net sales of the previous four periods of CNY 225.24 MMMOJO Watch
Near term Pre-Tax Profit trend is positive
Pre-Tax Profit (CNY MM)
Net Profit
Highest at CNY 262.08 MM
in the last five periodsMOJO Watch
Near term Net Profit trend is positive
Net Profit (CNY MM)
Net Profit
At CNY 262.08 MM has Grown at 85.84%
over average net sales of the previous four periods of CNY 141.02 MMMOJO Watch
Near term Net Profit trend is positive
Net Profit (CNY MM)
EPS
Highest at CNY 0.77
in the last five periodsMOJO Watch
Increasing profitability; company has created higher earnings for shareholders
EPS (CNY)
Debt-Equity Ratio
Lowest at -16.92 %
in the last five Semi-Annual periodsMOJO Watch
The company has been reducing its borrowing as compared to equity capital
Debt-Equity Ratio
Raw Material Cost
Fallen by -4.19% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin
Raw Material Cost as a percentage of Sales
Here's what is not working for Dashang Co., Ltd.
Inventory Turnover Ratio
Lowest at 0.89% and Fallen
In each half year in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling inventory has slowed
Inventory Turnover Ratio
Operating Cash Flow
Lowest at CNY 629.02 MM
in the last three yearsMOJO Watch
The company's cash revenues from business operations are falling
Operating Cash Flows (CNY MM)






