Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Suzhou Iron Technology CO.,LTD. (688329.SS)

Company Dividend Discount ModelIndustry: Medical - Instruments & SuppliesSector: Healthcare

Valuation Snapshot

Stable Growth$0.79 - $1.15$0.97
Multi-Stage$1.37 - $1.50$1.43
Blended Fair Value$1.20
Current Price$21.12
Upside-94.31%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR202420232022202120202019201820172016
DPS45.61%0.00%0.230.560.540.340.430.040.190.220.060.00
YoY Growth---58.67%4.31%59.45%-20.44%1,096.68%-81.36%-13.12%238.94%0.00%0.00%
Dividend Yield--1.51%2.75%1.41%1.17%1.60%0.13%0.68%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)8.37
(-) Cash Dividends Paid (M)4.24
(=) Cash Retained (M)4.13
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1.671.050.63
Cash Retained (M)4.134.134.13
(-) Cash Required (M)-1.67-1.05-0.63
(=) Excess Retained (M)2.463.093.51
(/) Shares Outstanding (M)77.0477.0477.04
(=) Excess Retained per Share0.030.040.05
LTM Dividend per Share0.060.060.06
(+) Excess Retained per Share0.030.040.05
(=) Adjusted Dividend0.090.100.10
WACC / Discount Rate8.72%8.72%8.72%
Growth Rate-2.00%-1.00%0.00%
Fair Value$0.79$0.97$1.15
Upside / Downside-96.24%-95.41%-94.54%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)8.378.298.218.138.047.968.20
Payout Ratio50.64%58.52%66.39%74.26%82.13%90.00%92.50%
Projected Dividends (M)4.244.855.456.036.617.177.59

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.72%8.72%8.72%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)4.424.464.51
Year 2 PV (M)4.524.614.70
Year 3 PV (M)4.554.704.84
Year 4 PV (M)4.544.734.92
Year 5 PV (M)4.484.724.96
PV of Terminal Value (M)82.9687.2891.78
Equity Value (M)105.47110.49115.71
Shares Outstanding (M)77.0477.0477.04
Fair Value$1.37$1.43$1.50
Upside / Downside-93.52%-93.21%-92.89%

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