Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

Hangzhou Sunrise Technology Co., Ltd. (300360.SZ)

Company Dividend Discount ModelIndustry: Hardware, Equipment & PartsSector: Technology

Valuation Snapshot

Stable Growth$84.09 - $233.08$218.43
Multi-Stage$32.97 - $36.06$34.48
Blended Fair Value$126.46
Current Price$15.51
Upside715.33%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS55.04%24.76%0.700.200.150.150.150.080.060.110.090.09
YoY Growth--258.90%33.33%0.00%-2.50%92.00%23.33%-40.26%13.44%0.15%21.81%
Dividend Yield--3.94%1.19%0.96%1.68%1.73%0.90%0.85%1.46%0.68%0.69%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)602.65
(-) Cash Dividends Paid (M)313.55
(=) Cash Retained (M)289.10
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)120.5375.3345.20
Cash Retained (M)289.10289.10289.10
(-) Cash Required (M)-120.53-75.33-45.20
(=) Excess Retained (M)168.57213.77243.90
(/) Shares Outstanding (M)514.21514.21514.21
(=) Excess Retained per Share0.330.420.47
LTM Dividend per Share0.610.610.61
(+) Excess Retained per Share0.330.420.47
(=) Adjusted Dividend0.941.031.08
WACC / Discount Rate6.68%6.68%6.68%
Growth Rate5.50%6.50%7.50%
Fair Value$84.09$218.43$233.08
Upside / Downside442.18%1,308.33%1,402.78%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)602.65641.82683.54727.97775.29825.68850.45
Payout Ratio52.03%59.62%67.22%74.81%82.41%90.00%92.50%
Projected Dividends (M)313.55382.67459.46544.60638.88743.11786.67

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.68%6.68%6.68%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)355.35358.72362.09
Year 2 PV (M)396.20403.75411.36
Year 3 PV (M)436.10448.62461.37
Year 4 PV (M)475.07493.34512.13
Year 5 PV (M)513.13537.92563.65
PV of Terminal Value (M)14,775.9915,489.6816,230.68
Equity Value (M)16,951.8517,732.0218,541.29
Shares Outstanding (M)514.21514.21514.21
Fair Value$32.97$34.48$36.06
Upside / Downside112.55%122.34%132.48%

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