Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Invengo Information Technology Co., Ltd (002161.SZ)

Company Dividend Discount ModelIndustry: Communication EquipmentSector: Technology

Valuation Snapshot

Stable Growth$0.93 - $1.31$1.12
Multi-Stage$1.71 - $1.88$1.80
Blended Fair Value$1.46
Current Price$7.63
Upside-80.87%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS20.32%26.49%0.060.050.060.050.030.020.040.010.010.01
YoY Growth--23.13%-9.81%8.14%98.37%5.84%-42.83%336.32%42.86%0.00%16.67%
Dividend Yield--1.08%1.01%0.98%1.01%0.59%0.28%0.56%0.15%0.07%0.04%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)109.22
(-) Cash Dividends Paid (M)32.29
(=) Cash Retained (M)76.92
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)21.8413.658.19
Cash Retained (M)76.9276.9276.92
(-) Cash Required (M)-21.84-13.65-8.19
(=) Excess Retained (M)55.0863.2768.73
(/) Shares Outstanding (M)740.50740.50740.50
(=) Excess Retained per Share0.070.090.09
LTM Dividend per Share0.040.040.04
(+) Excess Retained per Share0.070.090.09
(=) Adjusted Dividend0.120.130.14
WACC / Discount Rate8.59%8.59%8.59%
Growth Rate-3.61%-2.61%-1.61%
Fair Value$0.93$1.12$1.31
Upside / Downside-87.79%-85.30%-82.77%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)109.22106.36103.58100.8898.2495.6798.54
Payout Ratio29.57%41.65%53.74%65.83%77.91%90.00%92.50%
Projected Dividends (M)32.2944.3155.6766.4076.5486.1091.15

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.59%8.59%8.59%
Growth Rate-3.61%-2.61%-1.61%
Year 1 PV (M)40.3840.8041.22
Year 2 PV (M)46.2447.2048.18
Year 3 PV (M)50.2751.8553.47
Year 4 PV (M)52.8155.0457.33
Year 5 PV (M)54.1557.0160.00
PV of Terminal Value (M)1,024.591,078.861,135.40
Equity Value (M)1,268.451,330.771,395.60
Shares Outstanding (M)740.50740.50740.50
Fair Value$1.71$1.80$1.88
Upside / Downside-77.55%-76.45%-75.30%

High-Yield Dividend Screener

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