Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Anhui Conch Material Technology Co Ltd (2560.HK)

Company Dividend Discount ModelIndustry: Industrial - DistributionSector: Industrials

Valuation Snapshot

Stable Growth$4.71 - $7.25$5.89
Multi-Stage$10.53 - $11.59$11.05
Blended Fair Value$8.47
Current Price$1.55
Upside446.43%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR20242023202220212020
DPS0.00%0.00%0.000.060.040.090.060.000.000.000.000.00
YoY Growth---100.00%27.15%-52.50%62.29%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--0.00%3.89%2.76%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)277.40
(-) Cash Dividends Paid (M)138.12
(=) Cash Retained (M)139.28
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)55.4834.6820.81
Cash Retained (M)139.28139.28139.28
(-) Cash Required (M)-55.48-34.68-20.81
(=) Excess Retained (M)83.80104.61118.48
(/) Shares Outstanding (M)540.59540.59540.59
(=) Excess Retained per Share0.160.190.22
LTM Dividend per Share0.260.260.26
(+) Excess Retained per Share0.160.190.22
(=) Adjusted Dividend0.410.450.47
WACC / Discount Rate6.55%6.55%6.55%
Growth Rate-2.00%-1.00%0.00%
Fair Value$4.71$5.89$7.25
Upside / Downside203.66%279.97%367.71%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)277.40274.63271.88269.16266.47263.81271.72
Payout Ratio49.79%57.83%65.87%73.92%81.96%90.00%92.50%
Projected Dividends (M)138.12158.82179.10198.95218.39237.43251.34

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.55%6.55%6.55%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)147.56149.06150.57
Year 2 PV (M)154.59157.76160.97
Year 3 PV (M)159.55164.48169.52
Year 4 PV (M)162.72169.46176.41
Year 5 PV (M)164.35172.91181.82
PV of Terminal Value (M)4,904.415,159.795,425.71
Equity Value (M)5,693.185,973.476,264.99
Shares Outstanding (M)540.59540.59540.59
Fair Value$10.53$11.05$11.59
Upside / Downside579.44%612.89%647.68%

High-Yield Dividend Screener

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