Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Hangzhou Tigermed Consulting Co., Ltd. (300347.SZ)

Company Dividend Discount ModelIndustry: Medical - Diagnostics & ResearchSector: Healthcare

Valuation Snapshot

Stable Growth$26.72 - $141.72$53.09
Multi-Stage$15.32 - $16.74$16.02
Blended Fair Value$34.55
Current Price$58.00
Upside-40.43%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS19.28%31.13%0.750.690.570.330.320.310.150.070.070.06
YoY Growth--8.86%19.89%73.10%4.77%2.00%110.01%103.13%5.46%23.58%11.98%
Dividend Yield--1.47%1.29%0.60%0.31%0.21%0.48%0.33%0.20%0.40%0.30%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)612.15
(-) Cash Dividends Paid (M)304.80
(=) Cash Retained (M)307.34
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)122.4376.5245.91
Cash Retained (M)307.34307.34307.34
(-) Cash Required (M)-122.43-76.52-45.91
(=) Excess Retained (M)184.92230.83261.43
(/) Shares Outstanding (M)859.03859.03859.03
(=) Excess Retained per Share0.220.270.30
LTM Dividend per Share0.350.350.35
(+) Excess Retained per Share0.220.270.30
(=) Adjusted Dividend0.570.620.66
WACC / Discount Rate7.75%7.75%7.75%
Growth Rate5.50%6.50%7.50%
Fair Value$26.72$53.09$141.72
Upside / Downside-53.93%-8.47%144.34%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)612.15651.94694.31739.44787.51838.70863.86
Payout Ratio49.79%57.83%65.88%73.92%81.96%90.00%92.50%
Projected Dividends (M)304.80377.04457.38546.58645.43754.83799.07

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.75%7.75%7.75%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)346.63349.92353.21
Year 2 PV (M)386.58393.95401.38
Year 3 PV (M)424.71436.91449.33
Year 4 PV (M)461.08478.81497.05
Year 5 PV (M)495.74519.69544.55
PV of Terminal Value (M)11,046.3411,579.8812,133.84
Equity Value (M)13,161.0913,759.1514,379.36
Shares Outstanding (M)859.03859.03859.03
Fair Value$15.32$16.02$16.74
Upside / Downside-73.58%-72.38%-71.14%

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