Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Siglent Technologies Co. Ltd. (688112.SS)

Company Dividend Discount ModelIndustry: Hardware, Equipment & PartsSector: Technology

Valuation Snapshot

Stable Growth$119.21 - $153.94$144.16
Multi-Stage$80.32 - $88.72$84.43
Blended Fair Value$114.30
Current Price$37.69
Upside203.25%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR20242023202220212020201920182017
DPS0.00%0.00%0.880.570.320.000.000.000.000.000.000.00
YoY Growth--54.52%81.33%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--3.08%1.55%0.61%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)131.81
(-) Cash Dividends Paid (M)81.19
(=) Cash Retained (M)50.62
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)26.3616.489.89
Cash Retained (M)50.6250.6250.62
(-) Cash Required (M)-26.36-16.48-9.89
(=) Excess Retained (M)24.2534.1440.73
(/) Shares Outstanding (M)158.41158.41158.41
(=) Excess Retained per Share0.150.220.26
LTM Dividend per Share0.510.510.51
(+) Excess Retained per Share0.150.220.26
(=) Adjusted Dividend0.670.730.77
WACC / Discount Rate-1.45%-1.45%-1.45%
Growth Rate-2.00%-1.00%0.00%
Fair Value$119.21$144.16$153.94
Upside / Downside216.28%282.49%308.43%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)131.81130.49129.18127.89126.61125.35129.11
Payout Ratio61.60%67.28%72.96%78.64%84.32%90.00%92.50%
Projected Dividends (M)81.1987.7994.25100.57106.76112.81119.43

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate-1.45%-1.45%-1.45%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)88.1989.0989.99
Year 2 PV (M)95.1097.0599.02
Year 3 PV (M)101.94105.09108.31
Year 4 PV (M)108.69113.20117.84
Year 5 PV (M)115.37121.38127.63
PV of Terminal Value (M)12,213.1612,849.1313,511.32
Equity Value (M)12,722.4513,374.9314,054.10
Shares Outstanding (M)158.41158.41158.41
Fair Value$80.32$84.43$88.72
Upside / Downside113.09%124.02%135.40%

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