Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Jiangxi Selon Industrial Co., Ltd. (002748.SZ)

Company Dividend Discount ModelIndustry: ChemicalsSector: Basic Materials

Valuation Snapshot

Stable Growth$28.57 - $33.70$31.56
Multi-Stage$44.39 - $48.98$46.64
Blended Fair Value$39.10
Current Price$9.84
Upside297.36%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.60%-4.00%0.150.060.060.100.170.150.220.150.040.10
YoY Growth--160.93%-8.75%-33.88%-41.87%12.58%-32.70%43.00%282.14%-59.36%-56.81%
Dividend Yield--2.00%0.69%0.58%0.76%3.13%2.14%2.47%1.20%0.18%0.64%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)43.11
(-) Cash Dividends Paid (M)38.40
(=) Cash Retained (M)4.70
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)8.625.393.23
Cash Retained (M)4.704.704.70
(-) Cash Required (M)-8.62-5.39-3.23
(=) Excess Retained (M)-3.92-0.681.47
(/) Shares Outstanding (M)240.04240.04240.04
(=) Excess Retained per Share-0.020.000.01
LTM Dividend per Share0.160.160.16
(+) Excess Retained per Share-0.020.000.01
(=) Adjusted Dividend0.140.160.17
WACC / Discount Rate-17.29%-17.29%-17.29%
Growth Rate-0.58%0.42%1.42%
Fair Value$28.57$31.56$33.70
Upside / Downside190.32%220.73%242.44%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)43.1143.2943.4743.6643.8444.0345.35
Payout Ratio89.09%89.27%89.45%89.64%89.82%90.00%92.50%
Projected Dividends (M)38.4038.6538.8939.1339.3839.6241.95

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate-17.29%-17.29%-17.29%
Growth Rate-0.58%0.42%1.42%
Year 1 PV (M)46.2646.7247.19
Year 2 PV (M)55.7256.8457.98
Year 3 PV (M)67.1169.1671.25
Year 4 PV (M)80.8484.1487.54
Year 5 PV (M)97.37102.36107.56
PV of Terminal Value (M)10,307.5110,836.4211,386.81
Equity Value (M)10,654.8111,195.6511,758.33
Shares Outstanding (M)240.04240.04240.04
Fair Value$44.39$46.64$48.98
Upside / Downside351.09%373.99%397.81%

High-Yield Dividend Screener

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