Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Gresgying Digital Energy Technology Co.,Ltd (600212.SS)

Company Dividend Discount ModelIndustry: ConstructionSector: Industrials

Valuation Snapshot

Stable Growth$0.32 - $0.46$0.39
Multi-Stage$0.50 - $0.55$0.52
Blended Fair Value$0.45
Current Price$8.61
Upside-94.73%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%0.000.000.000.000.000.000.000.000.000.00
YoY Growth---79.05%1.14%0.00%0.00%0.00%0.00%0.00%0.00%-100.00%0.00%
Dividend Yield--0.00%0.02%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.01%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)30.68
(-) Cash Dividends Paid (M)1.16
(=) Cash Retained (M)29.52
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)6.143.842.30
Cash Retained (M)29.5229.5229.52
(-) Cash Required (M)-6.14-3.84-2.30
(=) Excess Retained (M)23.3825.6927.22
(/) Shares Outstanding (M)677.97677.97677.97
(=) Excess Retained per Share0.030.040.04
LTM Dividend per Share0.000.000.00
(+) Excess Retained per Share0.030.040.04
(=) Adjusted Dividend0.040.040.04
WACC / Discount Rate9.13%9.13%9.13%
Growth Rate-2.00%-1.00%0.00%
Fair Value$0.32$0.39$0.46
Upside / Downside-96.30%-95.51%-94.68%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)30.6830.3830.0729.7729.4829.1830.06
Payout Ratio3.79%21.03%38.27%55.52%72.76%90.00%92.50%
Projected Dividends (M)1.166.3911.5116.5321.4526.2627.80

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.13%9.13%9.13%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)5.805.855.91
Year 2 PV (M)9.479.669.86
Year 3 PV (M)12.3412.7213.11
Year 4 PV (M)14.5215.1215.74
Year 5 PV (M)16.1316.9617.84
PV of Terminal Value (M)278.33292.82307.91
Equity Value (M)336.57353.14370.37
Shares Outstanding (M)677.97677.97677.97
Fair Value$0.50$0.52$0.55
Upside / Downside-94.23%-93.95%-93.66%

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