Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Ingdan, Inc. (0400.HK)

Company Dividend Discount ModelIndustry: Technology DistributorsSector: Technology

Valuation Snapshot

Stable Growth$3.76 - $6.31$4.88
Multi-Stage$4.54 - $4.98$4.76
Blended Fair Value$4.82
Current Price$1.35
Upside256.96%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%0.030.040.000.000.000.000.000.040.000.00
YoY Growth---5.06%0.00%0.00%0.00%0.00%0.00%-100.00%0.00%0.00%0.00%
Dividend Yield--2.97%3.21%0.00%0.00%0.00%0.00%0.00%1.28%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)440.11
(-) Cash Dividends Paid (M)98.26
(=) Cash Retained (M)341.85
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)88.0255.0133.01
Cash Retained (M)341.85341.85341.85
(-) Cash Required (M)-88.02-55.01-33.01
(=) Excess Retained (M)253.83286.84308.84
(/) Shares Outstanding (M)1,414.331,414.331,414.33
(=) Excess Retained per Share0.180.200.22
LTM Dividend per Share0.070.070.07
(+) Excess Retained per Share0.180.200.22
(=) Adjusted Dividend0.250.270.29
WACC / Discount Rate8.74%8.74%8.74%
Growth Rate1.99%2.99%3.99%
Fair Value$3.76$4.88$6.31
Upside / Downside178.89%261.65%367.40%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)440.11453.27466.83480.80495.19510.00525.30
Payout Ratio22.33%35.86%49.40%62.93%76.47%90.00%92.50%
Projected Dividends (M)98.26162.54230.59302.57378.64459.00485.90

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.74%8.74%8.74%
Growth Rate1.99%2.99%3.99%
Year 1 PV (M)148.04149.49150.94
Year 2 PV (M)191.26195.03198.84
Year 3 PV (M)228.56235.35242.27
Year 4 PV (M)260.49270.86281.53
Year 5 PV (M)287.59301.96316.91
PV of Terminal Value (M)5,308.095,573.475,849.35
Equity Value (M)6,424.036,726.167,039.84
Shares Outstanding (M)1,414.331,414.331,414.33
Fair Value$4.54$4.76$4.98
Upside / Downside236.45%252.28%268.70%

High-Yield Dividend Screener

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