Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Guangzhou Sie Consulting Co., Ltd. (300687.SZ)

Company Dividend Discount ModelIndustry: Information Technology ServicesSector: Technology

Valuation Snapshot

Stable Growth$8.94 - $35.33$24.47
Multi-Stage$4.45 - $4.86$4.65
Blended Fair Value$14.56
Current Price$28.20
Upside-48.38%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS35.82%0.00%0.160.120.110.090.060.040.040.020.000.01
YoY Growth--33.59%11.53%21.32%42.10%79.94%-9.30%122.22%2,589.03%-94.12%0.00%
Dividend Yield--0.50%0.65%0.28%0.39%0.35%0.33%0.32%0.12%0.01%0.15%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)72.33
(-) Cash Dividends Paid (M)52.77
(=) Cash Retained (M)19.56
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)14.479.045.43
Cash Retained (M)19.5619.5619.56
(-) Cash Required (M)-14.47-9.04-5.43
(=) Excess Retained (M)5.1010.5214.14
(/) Shares Outstanding (M)407.16407.16407.16
(=) Excess Retained per Share0.010.030.03
LTM Dividend per Share0.130.130.13
(+) Excess Retained per Share0.010.030.03
(=) Adjusted Dividend0.140.160.16
WACC / Discount Rate7.18%7.18%7.18%
Growth Rate5.50%6.50%7.50%
Fair Value$8.94$24.47$35.33
Upside / Downside-68.29%-13.24%25.29%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)72.3377.0482.0487.3893.0599.10102.08
Payout Ratio72.96%76.36%79.77%83.18%86.59%90.00%92.50%
Projected Dividends (M)52.7758.8365.4572.6880.5889.1994.42

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.18%7.18%7.18%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)54.3754.8955.40
Year 2 PV (M)55.9156.9858.05
Year 3 PV (M)57.3959.0460.71
Year 4 PV (M)58.8161.0763.39
Year 5 PV (M)60.1663.0766.09
PV of Terminal Value (M)1,524.931,598.581,675.05
Equity Value (M)1,811.571,893.621,978.71
Shares Outstanding (M)407.16407.16407.16
Fair Value$4.45$4.65$4.86
Upside / Downside-84.22%-83.51%-82.77%

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