Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Uju Holding Limited (1948.HK)

Company Dividend Discount ModelIndustry: Advertising AgenciesSector: Communication Services

Valuation Snapshot

Stable Growth$4.19 - $7.09$5.46
Multi-Stage$15.97 - $17.64$16.79
Blended Fair Value$11.12
Current Price$2.65
Upside319.73%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018
DPS0.00%0.00%0.050.020.080.160.010.000.000.000.000.00
YoY Growth--145.72%-77.95%-46.14%1,207.72%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--4.34%1.07%2.76%2.89%0.22%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)208.83
(-) Cash Dividends Paid (M)49.41
(=) Cash Retained (M)159.42
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)41.7726.1015.66
Cash Retained (M)159.42159.42159.42
(-) Cash Required (M)-41.77-26.10-15.66
(=) Excess Retained (M)117.65133.31143.75
(/) Shares Outstanding (M)590.92590.92590.92
(=) Excess Retained per Share0.200.230.24
LTM Dividend per Share0.080.080.08
(+) Excess Retained per Share0.200.230.24
(=) Adjusted Dividend0.280.310.33
WACC / Discount Rate4.61%4.61%4.61%
Growth Rate-2.00%-1.00%0.00%
Fair Value$4.19$5.46$7.09
Upside / Downside58.14%105.86%167.49%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)208.83206.74204.67202.63200.60198.59204.55
Payout Ratio23.66%36.93%50.20%63.46%76.73%90.00%92.50%
Projected Dividends (M)49.4176.35102.74128.60153.93178.73189.21

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate4.61%4.61%4.61%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)72.2472.9873.72
Year 2 PV (M)91.9993.8895.79
Year 3 PV (M)108.96112.33115.77
Year 4 PV (M)123.41128.53133.80
Year 5 PV (M)135.60142.66150.02
PV of Terminal Value (M)8,907.519,371.359,854.31
Equity Value (M)9,439.729,921.7310,423.39
Shares Outstanding (M)590.92590.92590.92
Fair Value$15.97$16.79$17.64
Upside / Downside502.82%533.60%565.63%

High-Yield Dividend Screener

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