Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Chaowei Power Holdings Limited (0951.HK)

Company Dividend Discount ModelIndustry: Auto - PartsSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$6.25 - $10.67$8.16
Multi-Stage$37.80 - $41.90$39.80
Blended Fair Value$23.98
Current Price$1.21
Upside1,882.16%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-3.04%-5.44%0.050.060.070.100.080.060.060.070.090.00
YoY Growth---20.43%-17.84%-23.91%29.36%33.17%-9.18%-8.82%-24.20%0.00%-100.00%
Dividend Yield--3.48%4.83%4.97%5.86%2.82%2.22%2.34%1.81%1.52%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)587.82
(-) Cash Dividends Paid (M)120.65
(=) Cash Retained (M)467.17
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)117.5673.4844.09
Cash Retained (M)467.17467.17467.17
(-) Cash Required (M)-117.56-73.48-44.09
(=) Excess Retained (M)349.61393.69423.08
(/) Shares Outstanding (M)1,104.131,104.131,104.13
(=) Excess Retained per Share0.320.360.38
LTM Dividend per Share0.110.110.11
(+) Excess Retained per Share0.320.360.38
(=) Adjusted Dividend0.430.470.49
WACC / Discount Rate1.43%1.43%1.43%
Growth Rate-5.04%-4.04%-3.04%
Fair Value$6.25$8.16$10.67
Upside / Downside416.17%574.71%781.73%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)587.82564.06541.26519.38498.39478.24492.59
Payout Ratio20.52%34.42%48.31%62.21%76.10%90.00%92.50%
Projected Dividends (M)120.65194.15261.51323.11379.30430.42455.65

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate1.43%1.43%1.43%
Growth Rate-5.04%-4.04%-3.04%
Year 1 PV (M)189.41191.40193.40
Year 2 PV (M)248.90254.17259.49
Year 3 PV (M)300.02309.60319.38
Year 4 PV (M)343.60358.31373.48
Year 5 PV (M)380.40400.85422.18
PV of Terminal Value (M)40,269.2842,434.7944,692.47
Equity Value (M)41,731.6143,949.1246,260.40
Shares Outstanding (M)1,104.131,104.131,104.13
Fair Value$37.80$39.80$41.90
Upside / Downside3,023.64%3,189.62%3,362.62%

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