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Definitive Analysis

Financial Statements

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Sector

Page: Dividend Discount Model

High Fashion International Limited

Ticker: 0608.HK | Industry: Apparel - Manufacturers | Sector: Consumer Cyclical
$1.48 0.00 (0.00%)
As of: 2026-01-23

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Dividend Discount Models Snapshot

ModelRangeSelected
Stable Growth DDM$11.91 - $30.99$17.78
Multi-Stage DDM$4.41 - $4.83$4.62
Blended Fair Value$11.20
Stock Price$1.45

Dividend History (Last 10 Years)

Metric2024202320222021202020192018201720162015
DPS0.1550.1550.0900.0500.0300.0600.0600.0600.0600.080
YoY %0.00%72.22%80.01%66.67%-50.00%0.00%0.00%0.00%-25.00%-29.62%
Yield10.690%10.690%6.207%3.448%2.069%4.138%4.138%4.138%4.138%5.517%

CAGRValue
5 Year20.90%
10 Year3.15%

Discounted Dividend Model - Stable Growth

MetricRangeSelected
LT Growth5.50% to 7.50%6.50%
WACC9.00%9.00%
Fair Value$11.91 - $30.99$17.78

Calculation Details (Millions)

MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(*) Adjusted Net Income91.6891.6891.68
(=) Cash Required18.3411.466.88
Cash Retained91.6891.6891.68
(-) Cash Required-18.34-11.46-6.88
(=) Excess Retained73.3480.2284.80
(/) Shares Outstanding305,616,000305,616,000305,616,000
(=) Excess Retained per Share0.240.260.28
LTM Dividend per Share0.1550.1550.155
(+) Excess Retained per Share0.240.260.28
(=) Adjusted Dividend0.3950.4170.432

Multi-Stage Projections (BASE Case - Millions)

MetricTTMYear 1Year 2Year 3Year 4Year 5
Net Income91.6897.64103.99110.75117.94125.61
Payout Ratio51.7%25.0%41.0%57.0%73.0%90.0%
Projected Dividends47.3724.4142.6363.1386.10113.05

Multi-Stage Valuation (Millions)

Present ValuesLOWBASEHIGH
Year 1 PV23.1623.3823.60
Year 2 PV36.7637.4638.17
Year 3 PV49.4750.8952.34
Year 4 PV61.3263.6866.11
Year 5 PV73.1876.7180.38
TV PV1,105.251,158.641,214.07
Equity Value1,349.151,410.761,474.66
Fair Value$4.41$4.62$4.83
Stock Price$1.45$1.45$1.45

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