Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Rianlon Corporation (300596.SZ)

Company Dividend Discount ModelIndustry: Chemicals - SpecialtySector: Basic Materials

Valuation Snapshot

Stable Growth$370.90 - $436.99$409.52
Multi-Stage$88.79 - $97.30$92.96
Blended Fair Value$251.24
Current Price$39.04
Upside543.55%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS38.34%37.44%0.640.340.270.190.170.130.090.050.000.03
YoY Growth--85.93%25.91%42.33%11.98%35.82%47.71%55.71%0.00%-100.00%6.40%
Dividend Yield--2.10%1.42%0.59%0.42%0.43%0.42%0.22%0.27%0.00%0.26%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)504.54
(-) Cash Dividends Paid (M)145.96
(=) Cash Retained (M)358.58
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)100.9163.0737.84
Cash Retained (M)358.58358.58358.58
(-) Cash Required (M)-100.91-63.07-37.84
(=) Excess Retained (M)257.68295.52320.74
(/) Shares Outstanding (M)229.62229.62229.62
(=) Excess Retained per Share1.121.291.40
LTM Dividend per Share0.640.640.64
(+) Excess Retained per Share1.121.291.40
(=) Adjusted Dividend1.761.922.03
WACC / Discount Rate5.56%5.56%5.56%
Growth Rate5.50%6.50%7.50%
Fair Value$370.90$409.52$436.99
Upside / Downside850.06%948.98%1,019.33%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)504.54537.34572.26609.46649.08691.27712.01
Payout Ratio28.93%41.14%53.36%65.57%77.79%90.00%92.50%
Projected Dividends (M)145.96221.08305.35399.63504.89622.14658.60

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate5.56%5.56%5.56%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)207.47209.44211.40
Year 2 PV (M)268.91274.03279.21
Year 3 PV (M)330.29339.77349.43
Year 4 PV (M)391.59406.65422.14
Year 5 PV (M)452.83474.70497.41
PV of Terminal Value (M)18,736.6919,641.6820,581.31
Equity Value (M)20,387.7921,346.2822,340.90
Shares Outstanding (M)229.62229.62229.62
Fair Value$88.79$92.96$97.30
Upside / Downside127.43%138.12%149.22%

High-Yield Dividend Screener

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