Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Chongqing Sanxia Paints Co., Ltd (000565.SZ)

Company Dividend Discount ModelIndustry: Chemicals - SpecialtySector: Basic Materials

Valuation Snapshot

Stable Growth$0.07 - $0.10$0.09
Multi-Stage$0.21 - $0.23$0.22
Blended Fair Value$0.15
Current Price$8.17
Upside-98.14%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS15.63%3.00%0.020.010.020.020.010.010.020.050.010.05
YoY Growth--79.14%-40.00%0.00%66.67%15.38%-35.00%-60.00%400.00%-80.77%160.00%
Dividend Yield--0.47%0.28%0.36%0.36%0.20%0.25%0.29%0.66%0.07%0.46%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)5.82
(-) Cash Dividends Paid (M)3.55
(=) Cash Retained (M)2.27
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1.160.730.44
Cash Retained (M)2.272.272.27
(-) Cash Required (M)-1.16-0.73-0.44
(=) Excess Retained (M)1.111.551.84
(/) Shares Outstanding (M)479.68479.68479.68
(=) Excess Retained per Share0.000.000.00
LTM Dividend per Share0.010.010.01
(+) Excess Retained per Share0.000.000.00
(=) Adjusted Dividend0.010.010.01
WACC / Discount Rate6.50%6.50%6.50%
Growth Rate-6.24%-5.24%-4.24%
Fair Value$0.07$0.09$0.10
Upside / Downside-99.13%-98.95%-98.77%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)5.825.525.234.964.704.454.58
Payout Ratio60.97%66.78%72.58%78.39%84.19%90.00%92.50%
Projected Dividends (M)3.553.693.803.883.954.004.24

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.50%6.50%6.50%
Growth Rate-6.24%-5.24%-4.24%
Year 1 PV (M)3.423.463.50
Year 2 PV (M)3.283.353.42
Year 3 PV (M)3.123.223.32
Year 4 PV (M)2.953.073.21
Year 5 PV (M)2.772.923.08
PV of Terminal Value (M)83.9588.5393.30
Equity Value (M)99.48104.54109.81
Shares Outstanding (M)479.68479.68479.68
Fair Value$0.21$0.22$0.23
Upside / Downside-97.46%-97.33%-97.20%

High-Yield Dividend Screener

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