Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Sunwoda Electronic Co.,Ltd (300207.SZ)

Company Dividend Discount ModelIndustry: Electrical Equipment & PartsSector: Industrials

Valuation Snapshot

Stable Growth$65.82 - $179.55$168.26
Multi-Stage$25.30 - $27.69$26.47
Blended Fair Value$97.37
Current Price$33.79
Upside188.15%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS7.70%28.45%0.410.440.410.300.220.280.280.080.050.04
YoY Growth---5.72%6.99%34.77%34.20%-20.56%2.27%264.60%56.50%11.80%29.36%
Dividend Yield--1.85%3.04%2.02%1.10%1.16%2.00%2.22%0.66%0.39%0.33%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,661.44
(-) Cash Dividends Paid (M)649.55
(=) Cash Retained (M)1,011.89
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)332.29207.68124.61
Cash Retained (M)1,011.891,011.891,011.89
(-) Cash Required (M)-332.29-207.68-124.61
(=) Excess Retained (M)679.61804.21887.29
(/) Shares Outstanding (M)1,840.311,840.311,840.31
(=) Excess Retained per Share0.370.440.48
LTM Dividend per Share0.350.350.35
(+) Excess Retained per Share0.370.440.48
(=) Adjusted Dividend0.720.790.84
WACC / Discount Rate6.66%6.66%6.66%
Growth Rate5.50%6.50%7.50%
Fair Value$65.82$168.26$179.55
Upside / Downside94.81%397.96%431.36%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,661.441,769.441,884.452,006.942,137.392,276.322,344.61
Payout Ratio39.10%49.28%59.46%69.64%79.82%90.00%92.50%
Projected Dividends (M)649.55871.911,120.441,397.601,706.052,048.692,168.76

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.66%6.66%6.66%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)809.81817.49825.16
Year 2 PV (M)966.52984.931,003.52
Year 3 PV (M)1,119.731,151.881,184.63
Year 4 PV (M)1,269.511,318.331,368.55
Year 5 PV (M)1,415.901,484.291,555.29
PV of Terminal Value (M)40,980.4042,959.7745,014.90
Equity Value (M)46,561.8848,716.6950,952.05
Shares Outstanding (M)1,840.311,840.311,840.31
Fair Value$25.30$26.47$27.69
Upside / Downside-25.12%-21.66%-18.06%

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