Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Nanjing Comptech Composites Corp (301591.SZ)

Company Dividend Discount ModelIndustry: Electrical Equipment & PartsSector: Industrials

Valuation Snapshot

Stable Growth$10.12 - $16.93$13.12
Multi-Stage$18.52 - $20.36$19.42
Blended Fair Value$16.27
Current Price$42.21
Upside-61.45%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR202420232022202120202019
DPS1.87%0.00%0.310.000.050.580.230.290.000.000.000.00
YoY Growth--0.00%-100.00%-91.33%157.00%-21.14%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--0.83%0.00%0.07%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)71.90
(-) Cash Dividends Paid (M)26.92
(=) Cash Retained (M)44.98
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)14.388.995.39
Cash Retained (M)44.9844.9844.98
(-) Cash Required (M)-14.38-8.99-5.39
(=) Excess Retained (M)30.6035.9939.59
(/) Shares Outstanding (M)83.5983.5983.59
(=) Excess Retained per Share0.370.430.47
LTM Dividend per Share0.320.320.32
(+) Excess Retained per Share0.370.430.47
(=) Adjusted Dividend0.690.750.80
WACC / Discount Rate6.66%6.66%6.66%
Growth Rate-0.13%0.87%1.87%
Fair Value$10.12$13.12$16.93
Upside / Downside-76.02%-68.93%-59.89%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)71.9072.5273.1573.7974.4375.0877.33
Payout Ratio37.44%47.95%58.46%68.98%79.49%90.00%92.50%
Projected Dividends (M)26.9234.7842.7750.9059.1667.5771.53

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.66%6.66%6.66%
Growth Rate-0.13%0.87%1.87%
Year 1 PV (M)32.2832.6132.93
Year 2 PV (M)36.8537.6038.34
Year 3 PV (M)40.7141.9543.21
Year 4 PV (M)43.9345.7247.56
Year 5 PV (M)46.5848.9651.43
PV of Terminal Value (M)1,348.071,416.921,488.56
Equity Value (M)1,548.431,623.751,702.04
Shares Outstanding (M)83.5983.5983.59
Fair Value$18.52$19.42$20.36
Upside / Downside-56.12%-53.98%-51.76%

High-Yield Dividend Screener

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