Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

Yindu Kitchen Equipment Co., Ltd (603277.SS)

Company Dividend Discount ModelIndustry: Industrial - MachinerySector: Industrials

Valuation Snapshot

Stable Growth$91.62 - $224.42$210.32
Multi-Stage$33.67 - $36.79$35.20
Blended Fair Value$122.76
Current Price$18.31
Upside570.46%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS50.48%63.27%1.370.630.730.910.200.180.130.050.010.21
YoY Growth--117.88%-13.58%-19.57%357.76%11.30%36.08%143.60%455.22%-95.31%1,919.74%
Dividend Yield--7.47%3.19%5.34%7.24%1.89%2.97%1.74%0.52%0.08%1.67%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)528.71
(-) Cash Dividends Paid (M)431.85
(=) Cash Retained (M)96.86
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)105.7466.0939.65
Cash Retained (M)96.8696.8696.86
(-) Cash Required (M)-105.74-66.09-39.65
(=) Excess Retained (M)-8.8830.7857.21
(/) Shares Outstanding (M)468.52468.52468.52
(=) Excess Retained per Share-0.020.070.12
LTM Dividend per Share0.920.920.92
(+) Excess Retained per Share-0.020.070.12
(=) Adjusted Dividend0.900.991.04
WACC / Discount Rate6.54%6.54%6.54%
Growth Rate5.50%6.50%7.50%
Fair Value$91.62$210.32$224.42
Upside / Downside400.36%1,048.65%1,125.69%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)528.71563.08599.68638.66680.17724.38746.11
Payout Ratio81.68%83.34%85.01%86.67%88.34%90.00%92.50%
Projected Dividends (M)431.85469.29509.77553.54600.84651.94690.16

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.54%6.54%6.54%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)436.35440.48444.62
Year 2 PV (M)440.72449.11457.59
Year 3 PV (M)444.96457.73470.75
Year 4 PV (M)449.08466.35484.11
Year 5 PV (M)453.07474.96497.68
PV of Terminal Value (M)13,550.4714,204.9614,884.50
Equity Value (M)15,774.6516,493.6017,239.25
Shares Outstanding (M)468.52468.52468.52
Fair Value$33.67$35.20$36.79
Upside / Downside83.88%92.26%100.96%

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