Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Euro Tech Holdings Company Limited (CLWT)

Company Dividend Discount ModelIndustry: Industrial - Pollution & Treatment ControlsSector: Industrials

Valuation Snapshot

Stable Growth$2.17 - $3.08$2.62
Multi-Stage$3.28 - $3.60$3.43
Blended Fair Value$3.03
Current Price$1.39
Upside117.75%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%0.080.000.060.130.170.000.190.000.000.00
YoY Growth--4,307.14%-96.98%-55.00%-20.63%0.00%-100.00%0.00%0.00%0.00%0.00%
Dividend Yield--5.75%0.11%4.20%6.27%11.76%0.00%22.13%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)2.56
(-) Cash Dividends Paid (M)0.63
(=) Cash Retained (M)1.93
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)0.510.320.19
Cash Retained (M)1.931.931.93
(-) Cash Required (M)-0.51-0.32-0.19
(=) Excess Retained (M)1.421.611.74
(/) Shares Outstanding (M)7.727.727.72
(=) Excess Retained per Share0.180.210.23
LTM Dividend per Share0.080.080.08
(+) Excess Retained per Share0.180.210.23
(=) Adjusted Dividend0.270.290.31
WACC / Discount Rate9.96%9.96%9.96%
Growth Rate-2.00%-1.00%0.00%
Fair Value$2.17$2.62$3.08
Upside / Downside56.40%88.57%121.57%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)2.562.542.512.492.462.442.51
Payout Ratio24.63%37.70%50.78%63.85%76.93%90.00%92.50%
Projected Dividends (M)0.630.961.281.591.892.192.32

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.96%9.96%9.96%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)0.860.870.88
Year 2 PV (M)1.031.051.08
Year 3 PV (M)1.161.191.23
Year 4 PV (M)1.241.291.35
Year 5 PV (M)1.301.361.43
PV of Terminal Value (M)19.7020.7321.80
Equity Value (M)25.2926.5027.76
Shares Outstanding (M)7.727.727.72
Fair Value$3.28$3.43$3.60
Upside / Downside135.65%146.93%158.65%

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