Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Guangzhou Wondfo Biotech Co.,Ltd (300482.SZ)

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

Valuation Snapshot

Stable Growth$20.57 - $109.10$40.87
Multi-Stage$12.05 - $13.16$12.59
Blended Fair Value$26.73
Current Price$21.29
Upside25.56%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS20.17%22.21%0.410.480.300.370.180.170.210.070.000.11
YoY Growth---13.95%62.27%-19.14%103.33%9.15%-21.42%219.98%0.00%-100.00%100.00%
Dividend Yield--1.80%1.91%0.95%0.76%0.29%0.28%0.77%0.25%0.00%0.54%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)259.43
(-) Cash Dividends Paid (M)193.16
(=) Cash Retained (M)66.28
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)51.8932.4319.46
Cash Retained (M)66.2866.2866.28
(-) Cash Required (M)-51.89-32.43-19.46
(=) Excess Retained (M)14.3933.8546.82
(/) Shares Outstanding (M)472.91472.91472.91
(=) Excess Retained per Share0.030.070.10
LTM Dividend per Share0.410.410.41
(+) Excess Retained per Share0.030.070.10
(=) Adjusted Dividend0.440.480.51
WACC / Discount Rate7.75%7.75%7.75%
Growth Rate5.50%6.50%7.50%
Fair Value$20.57$40.87$109.10
Upside / Downside-3.38%91.96%412.45%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)259.43276.30294.25313.38333.75355.45366.11
Payout Ratio74.45%77.56%80.67%83.78%86.89%90.00%92.50%
Projected Dividends (M)193.16214.30237.38262.56290.00319.90338.65

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.75%7.75%7.75%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)197.02198.89200.75
Year 2 PV (M)200.64204.46208.32
Year 3 PV (M)204.02209.87215.84
Year 4 PV (M)207.17215.14223.33
Year 5 PV (M)210.10220.25230.78
PV of Terminal Value (M)4,681.514,907.635,142.40
Equity Value (M)5,700.455,956.236,221.42
Shares Outstanding (M)472.91472.91472.91
Fair Value$12.05$12.59$13.16
Upside / Downside-43.38%-40.84%-38.21%

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