Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Suzhou UIGreen Micro&Nano Technologies Co.,Ltd (688661.SS)

Company Dividend Discount ModelIndustry: Hardware, Equipment & PartsSector: Technology

Valuation Snapshot

Stable Growth$29.49 - $57.32$53.68
Multi-Stage$29.27 - $32.35$30.78
Blended Fair Value$42.23
Current Price$51.50
Upside-18.00%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR20242023202220212020201920182017
DPS-20.58%0.00%0.070.120.000.050.000.210.000.000.000.00
YoY Growth---42.94%1,002,451.96%-99.98%33,004.02%-99.93%5,052.66%416.92%0.00%0.00%0.00%
Dividend Yield--0.18%0.51%0.00%0.14%0.00%1.06%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)38.67
(-) Cash Dividends Paid (M)9.62
(=) Cash Retained (M)29.04
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)7.734.832.90
Cash Retained (M)29.0429.0429.04
(-) Cash Required (M)-7.73-4.83-2.90
(=) Excess Retained (M)21.3124.2126.14
(/) Shares Outstanding (M)124.80124.80124.80
(=) Excess Retained per Share0.170.190.21
LTM Dividend per Share0.080.080.08
(+) Excess Retained per Share0.170.190.21
(=) Adjusted Dividend0.250.270.29
WACC / Discount Rate-1.18%-1.18%-1.18%
Growth Rate-2.00%-1.00%0.00%
Fair Value$29.49$53.68$57.32
Upside / Downside-42.75%4.23%11.30%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)38.6738.2837.9037.5237.1436.7737.88
Payout Ratio24.89%37.91%50.93%63.96%76.98%90.00%92.50%
Projected Dividends (M)9.6214.5119.3024.0028.5933.1035.04

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate-1.18%-1.18%-1.18%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)14.5414.6914.83
Year 2 PV (M)19.3719.7720.17
Year 3 PV (M)24.1224.8625.62
Year 4 PV (M)28.7929.9831.21
Year 5 PV (M)33.3735.1136.92
PV of Terminal Value (M)3,533.073,717.053,908.61
Equity Value (M)3,653.253,841.454,037.36
Shares Outstanding (M)124.80124.80124.80
Fair Value$29.27$30.78$32.35
Upside / Downside-43.16%-40.23%-37.18%

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