Definitive Analysis
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Definitive Analysis

Financial Statements

Mode

Ticker

Industry

Sector

Jenkem Technology Co., Ltd. (688356.SS)

Company Dividend Discount ModelIndustry: Chemicals - SpecialtySector: Basic Materials

Valuation Snapshot

Stable Growth$4.26 - $6.05$5.14
Multi-Stage$6.12 - $6.74$6.42
Blended Fair Value$5.78
Current Price$94.45
Upside-93.88%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR202420232022202120202019201820172016
DPS28.30%0.00%0.580.930.870.420.000.170.120.080.320.00
YoY Growth---37.90%6.57%104.90%42,999.78%-99.41%33.67%50.89%-74.21%0.00%0.00%
Dividend Yield--1.01%1.21%0.59%0.22%0.00%0.12%0.09%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)38.83
(-) Cash Dividends Paid (M)0.08
(=) Cash Retained (M)38.74
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)7.774.852.91
Cash Retained (M)38.7438.7438.74
(-) Cash Required (M)-7.77-4.85-2.91
(=) Excess Retained (M)30.9833.8935.83
(/) Shares Outstanding (M)60.6560.6560.65
(=) Excess Retained per Share0.510.560.59
LTM Dividend per Share0.000.000.00
(+) Excess Retained per Share0.510.560.59
(=) Adjusted Dividend0.510.560.59
WACC / Discount Rate9.95%9.95%9.95%
Growth Rate-1.86%-0.86%0.14%
Fair Value$4.26$5.14$6.05
Upside / Downside-95.49%-94.56%-93.60%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)38.8338.4938.1637.8437.5137.1938.31
Payout Ratio0.22%18.17%36.13%54.09%72.04%90.00%92.50%
Projected Dividends (M)0.087.0013.7920.4627.0333.4735.43

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.95%9.95%9.95%
Growth Rate-1.86%-0.86%0.14%
Year 1 PV (M)6.306.366.43
Year 2 PV (M)11.1811.4111.64
Year 3 PV (M)14.9315.4015.87
Year 4 PV (M)17.7618.4919.25
Year 5 PV (M)19.8020.8321.90
PV of Terminal Value (M)301.48317.16333.48
Equity Value (M)371.45389.64408.56
Shares Outstanding (M)60.6560.6560.65
Fair Value$6.12$6.42$6.74
Upside / Downside-93.52%-93.20%-92.87%

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