Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Canvest Environmental Protection Group Company Limited (1381.HK)

Company Dividend Discount ModelIndustry: Waste ManagementSector: Industrials

Valuation Snapshot

Stable Growth$10.18 - $18.01$13.49
Multi-Stage$26.55 - $29.27$27.89
Blended Fair Value$20.69
Current Price$4.59
Upside350.75%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-11.57%0.00%0.030.100.120.100.080.060.040.030.010.00
YoY Growth---66.67%-20.00%21.21%26.92%31.79%50.78%34.48%218.20%0.00%0.00%
Dividend Yield--0.70%2.48%2.86%2.41%2.36%1.65%0.96%0.64%0.24%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,867.40
(-) Cash Dividends Paid (M)234.20
(=) Cash Retained (M)1,633.21
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)373.48233.43140.06
Cash Retained (M)1,633.211,633.211,633.21
(-) Cash Required (M)-373.48-233.43-140.06
(=) Excess Retained (M)1,259.731,399.781,493.15
(/) Shares Outstanding (M)2,429.442,429.442,429.44
(=) Excess Retained per Share0.520.580.61
LTM Dividend per Share0.100.100.10
(+) Excess Retained per Share0.520.580.61
(=) Adjusted Dividend0.610.670.71
WACC / Discount Rate5.21%5.21%5.21%
Growth Rate-0.78%0.22%1.22%
Fair Value$10.18$13.49$18.01
Upside / Downside121.70%193.96%292.41%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,867.401,871.431,875.461,879.501,883.551,887.611,944.24
Payout Ratio12.54%28.03%43.52%59.02%74.51%90.00%92.50%
Projected Dividends (M)234.20524.62816.291,109.221,403.401,698.851,798.42

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate5.21%5.21%5.21%
Growth Rate-0.78%0.22%1.22%
Year 1 PV (M)493.66498.63503.61
Year 2 PV (M)722.79737.43752.22
Year 3 PV (M)924.20952.43981.23
Year 4 PV (M)1,100.311,145.351,191.75
Year 5 PV (M)1,253.351,317.801,384.87
PV of Terminal Value (M)60,009.4663,095.2366,306.66
Equity Value (M)64,503.7767,746.8871,120.35
Shares Outstanding (M)2,429.442,429.442,429.44
Fair Value$26.55$27.89$29.27
Upside / Downside478.45%507.53%537.79%

High-Yield Dividend Screener

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