Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Roiserv Lifestyle Services Co., Ltd. (2146.HK)

Company Dividend Discount ModelIndustry: Real Estate - ServicesSector: Real Estate

Valuation Snapshot

Stable Growth$5.44 - $8.29$6.78
Multi-Stage$11.28 - $12.42$11.84
Blended Fair Value$9.31
Current Price$1.26
Upside638.74%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR20242023202220212020201920182017
DPS109.71%0.00%0.070.070.250.150.420.000.000.000.000.00
YoY Growth--2.06%-71.87%67.29%-64.54%23,714.49%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--4.29%4.39%11.26%3.44%4.07%0.02%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)231.82
(-) Cash Dividends Paid (M)55.79
(=) Cash Retained (M)176.04
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)46.3628.9817.39
Cash Retained (M)176.04176.04176.04
(-) Cash Required (M)-46.36-28.98-17.39
(=) Excess Retained (M)129.67147.06158.65
(/) Shares Outstanding (M)375.92375.92375.92
(=) Excess Retained per Share0.340.390.42
LTM Dividend per Share0.150.150.15
(+) Excess Retained per Share0.340.390.42
(=) Adjusted Dividend0.490.540.57
WACC / Discount Rate6.88%6.88%6.88%
Growth Rate-2.00%-1.00%0.00%
Fair Value$5.44$6.78$8.29
Upside / Downside332.03%437.92%557.87%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)231.82229.51227.21224.94222.69220.46227.08
Payout Ratio24.06%37.25%50.44%63.63%76.81%90.00%92.50%
Projected Dividends (M)55.7985.50114.60143.12171.05198.42210.05

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.88%6.88%6.88%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)79.1879.9980.80
Year 2 PV (M)98.30100.32102.36
Year 3 PV (M)113.70117.22120.80
Year 4 PV (M)125.86131.08136.45
Year 5 PV (M)135.21142.25149.58
PV of Terminal Value (M)3,687.423,879.434,079.36
Equity Value (M)4,239.674,450.284,669.35
Shares Outstanding (M)375.92375.92375.92
Fair Value$11.28$11.84$12.42
Upside / Downside795.09%839.56%885.81%

High-Yield Dividend Screener

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