Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Junhe Pumps Holding Co., Ltd (603617.SS)

Company Dividend Discount ModelIndustry: Manufacturing - Tools & AccessoriesSector: Industrials

Valuation Snapshot

Stable Growth$5.20 - $24.20$11.64
Multi-Stage$2.85 - $3.12$2.98
Blended Fair Value$7.31
Current Price$7.89
Upside-7.30%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-1.32%26.31%0.060.070.140.170.070.070.060.040.010.12
YoY Growth---3.82%-51.29%-20.05%141.91%3.29%13.51%43.17%408.02%-92.71%1,735.58%
Dividend Yield--0.88%1.00%1.62%1.67%0.95%0.92%0.84%0.53%0.18%2.46%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)48.40
(-) Cash Dividends Paid (M)38.36
(=) Cash Retained (M)10.04
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)9.686.053.63
Cash Retained (M)10.0410.0410.04
(-) Cash Required (M)-9.68-6.05-3.63
(=) Excess Retained (M)0.363.996.41
(/) Shares Outstanding (M)397.78397.78397.78
(=) Excess Retained per Share0.000.010.02
LTM Dividend per Share0.100.100.10
(+) Excess Retained per Share0.000.010.02
(=) Adjusted Dividend0.100.110.11
WACC / Discount Rate7.47%7.47%7.47%
Growth Rate5.50%6.50%7.50%
Fair Value$5.20$11.64$24.20
Upside / Downside-34.06%47.58%206.68%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)48.4051.5454.8958.4662.2666.3168.30
Payout Ratio79.26%81.41%83.55%85.70%87.85%90.00%92.50%
Projected Dividends (M)38.3641.9645.8750.1054.7059.6863.18

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.47%7.47%7.47%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)38.6739.0439.41
Year 2 PV (M)38.9739.7140.46
Year 3 PV (M)39.2340.3641.51
Year 4 PV (M)39.4841.0042.56
Year 5 PV (M)39.7041.6243.61
PV of Terminal Value (M)939.47984.851,031.96
Equity Value (M)1,135.531,186.581,239.51
Shares Outstanding (M)397.78397.78397.78
Fair Value$2.85$2.98$3.12
Upside / Downside-63.82%-62.19%-60.51%

High-Yield Dividend Screener

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