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Chen Hsong Holdings Limited (0057.HK)

Company Dividend Discount ModelIndustry: Industrial - MachinerySector: Industrials

Valuation Snapshot

Stable Growth$10.35 - $30.20$16.28
Multi-Stage$11.07 - $12.13$11.59
Blended Fair Value$13.94
Current Price$1.82
Upside665.78%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS3.25%5.40%0.090.100.160.170.100.080.080.090.050.05
YoY Growth---14.56%-36.02%-3.59%67.00%33.33%-6.25%-9.09%69.23%4.00%-3.85%
Dividend Yield--5.83%7.74%8.66%7.20%4.13%4.24%2.84%3.86%2.48%3.16%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)265.38
(-) Cash Dividends Paid (M)120.43
(=) Cash Retained (M)144.95
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)53.0833.1719.90
Cash Retained (M)144.95144.95144.95
(-) Cash Required (M)-53.08-33.17-19.90
(=) Excess Retained (M)91.87111.78125.05
(/) Shares Outstanding (M)630.53630.53630.53
(=) Excess Retained per Share0.150.180.20
LTM Dividend per Share0.190.190.19
(+) Excess Retained per Share0.150.180.20
(=) Adjusted Dividend0.340.370.39
WACC / Discount Rate6.52%6.52%6.52%
Growth Rate3.17%4.17%5.17%
Fair Value$10.35$16.28$30.20
Upside / Downside468.75%794.71%1,559.21%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)265.38276.44287.96299.96312.46325.48335.25
Payout Ratio45.38%54.30%63.23%72.15%81.08%90.00%92.50%
Projected Dividends (M)120.43150.12182.07216.43253.33292.93310.10

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.52%6.52%6.52%
Growth Rate3.17%4.17%5.17%
Year 1 PV (M)139.57140.93142.28
Year 2 PV (M)157.39160.46163.55
Year 3 PV (M)173.95179.05184.26
Year 4 PV (M)189.30196.75204.41
Year 5 PV (M)203.52213.58224.03
PV of Terminal Value (M)6,115.246,417.416,731.42
Equity Value (M)6,978.977,308.187,649.95
Shares Outstanding (M)630.53630.53630.53
Fair Value$11.07$11.59$12.13
Upside / Downside508.15%536.84%566.62%

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