Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Niutech Environment Technology Corporation (688309.SS)

Company Dividend Discount ModelIndustry: Industrial - Pollution & Treatment ControlsSector: Industrials

Valuation Snapshot

Stable Growth$1.82 - $2.45$2.14
Multi-Stage$3.28 - $3.61$3.44
Blended Fair Value$2.79
Current Price$24.31
Upside-88.52%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-4.58%0.00%0.090.070.000.060.010.120.000.010.000.00
YoY Growth--29.26%0.00%-100.00%644.40%-93.06%0.00%-100.00%317.40%-20.51%0.00%
Dividend Yield--0.63%0.43%0.00%0.41%0.03%0.14%0.00%0.01%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)31.69
(-) Cash Dividends Paid (M)7.28
(=) Cash Retained (M)24.41
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)6.343.962.38
Cash Retained (M)24.4124.4124.41
(-) Cash Required (M)-6.34-3.96-2.38
(=) Excess Retained (M)18.0820.4522.04
(/) Shares Outstanding (M)80.2680.2680.26
(=) Excess Retained per Share0.230.250.27
LTM Dividend per Share0.090.090.09
(+) Excess Retained per Share0.230.250.27
(=) Adjusted Dividend0.320.350.37
WACC / Discount Rate9.65%9.65%9.65%
Growth Rate-6.58%-5.58%-4.58%
Fair Value$1.82$2.14$2.45
Upside / Downside-92.52%-91.19%-89.93%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)31.6929.9228.2526.6825.1923.7824.50
Payout Ratio22.96%36.37%49.78%63.19%76.59%90.00%92.50%
Projected Dividends (M)7.2810.8814.0616.8619.2921.4122.66

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.65%9.65%9.65%
Growth Rate-6.58%-5.58%-4.58%
Year 1 PV (M)9.829.9310.03
Year 2 PV (M)11.4511.7011.95
Year 3 PV (M)12.3812.7813.20
Year 4 PV (M)12.7913.3413.92
Year 5 PV (M)12.8013.5014.23
PV of Terminal Value (M)203.65214.78226.40
Equity Value (M)262.89276.04289.72
Shares Outstanding (M)80.2680.2680.26
Fair Value$3.28$3.44$3.61
Upside / Downside-86.53%-85.85%-85.15%

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