Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Chuzhou Duoli Automotive Technology Co., Ltd. (001311.SZ)

Company Dividend Discount ModelIndustry: Auto - PartsSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$168.96 - $199.06$186.55
Multi-Stage$144.49 - $158.56$151.40
Blended Fair Value$168.97
Current Price$25.43
Upside564.46%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018
DPS27.09%0.00%0.550.400.050.780.370.170.020.000.000.00
YoY Growth--38.40%632.23%-93.06%112.10%122.22%585.69%0.00%0.00%0.00%0.00%
Dividend Yield--2.51%1.73%0.13%1.93%0.00%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)274.77
(-) Cash Dividends Paid (M)148.21
(=) Cash Retained (M)126.56
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)54.9534.3520.61
Cash Retained (M)126.56126.56126.56
(-) Cash Required (M)-54.95-34.35-20.61
(=) Excess Retained (M)71.6192.21105.95
(/) Shares Outstanding (M)274.51274.51274.51
(=) Excess Retained per Share0.260.340.39
LTM Dividend per Share0.540.540.54
(+) Excess Retained per Share0.260.340.39
(=) Adjusted Dividend0.800.880.93
WACC / Discount Rate-2.25%-2.25%-2.25%
Growth Rate5.50%6.50%7.50%
Fair Value$168.96$186.55$199.06
Upside / Downside564.41%633.59%682.79%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)274.77292.63311.66331.91353.49376.46387.76
Payout Ratio53.94%61.15%68.36%75.58%82.79%90.00%92.50%
Projected Dividends (M)148.21178.95213.06250.85292.65338.82358.68

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate-2.25%-2.25%-2.25%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)181.35183.07184.79
Year 2 PV (M)218.80222.97227.18
Year 3 PV (M)261.06268.55276.19
Year 4 PV (M)308.64320.50332.71
Year 5 PV (M)362.12379.61397.77
PV of Terminal Value (M)38,333.9140,185.4542,107.86
Equity Value (M)39,665.8741,560.1543,526.48
Shares Outstanding (M)274.51274.51274.51
Fair Value$144.49$151.40$158.56
Upside / Downside468.21%495.34%523.51%

High-Yield Dividend Screener

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