Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Shenzhen Lifotronic Technology Co., Ltd. (688389.SS)

Company Dividend Discount ModelIndustry: Medical - SpecialtiesSector: Healthcare

Valuation Snapshot

Stable Growth$0.63 - $0.77$0.71
Multi-Stage$0.53 - $0.56$0.55
Blended Fair Value$0.63
Current Price$13.82
Upside-95.46%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR202420232022202120202019201820172016
DPS15.82%0.00%0.300.250.180.180.120.140.000.000.010.00
YoY Growth--20.86%37.68%0.00%48.33%-15.56%34,921.16%-68.16%-85.97%0.00%0.00%
Dividend Yield--1.98%1.33%0.66%1.13%0.52%0.77%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)251.02
(-) Cash Dividends Paid (M)125.59
(=) Cash Retained (M)125.43
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)50.2031.3818.83
Cash Retained (M)125.43125.43125.43
(-) Cash Required (M)-50.20-31.38-18.83
(=) Excess Retained (M)75.2394.05106.60
(/) Shares Outstanding (M)420.71420.71420.71
(=) Excess Retained per Share0.180.220.25
LTM Dividend per Share0.300.300.30
(+) Excess Retained per Share0.180.220.25
(=) Adjusted Dividend0.480.520.55
WACC / Discount Rate85.00%85.00%85.00%
Growth Rate5.50%6.50%7.50%
Fair Value$0.63$0.71$0.77
Upside / Downside-95.42%-94.87%-94.46%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)251.02267.33284.71303.22322.93343.92354.23
Payout Ratio50.03%58.03%66.02%74.01%82.01%90.00%92.50%
Projected Dividends (M)125.59155.12187.96224.42264.82309.52327.67

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate85.00%85.00%85.00%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)83.0683.8584.64
Year 2 PV (M)53.8954.9255.96
Year 3 PV (M)34.4635.4536.45
Year 4 PV (M)21.7722.6123.47
Year 5 PV (M)13.6314.2814.97
PV of Terminal Value (M)17.5918.4419.32
Equity Value (M)224.40229.55234.81
Shares Outstanding (M)420.71420.71420.71
Fair Value$0.53$0.55$0.56
Upside / Downside-96.14%-96.05%-95.96%

High-Yield Dividend Screener

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