Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Dynamic Holdings Limited (0029.HK)

Company Dividend Discount ModelIndustry: Real Estate - ServicesSector: Real Estate

Valuation Snapshot

Stable Growth$63.72 - $82.48$73.68
Multi-Stage$171.25 - $191.53$181.16
Blended Fair Value$127.42
Current Price$13.12
Upside871.18%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS-31.69%-14.18%0.010.010.020.010.060.070.050.050.050.05
YoY Growth--0.00%-33.31%50.02%-83.33%-10.77%29.09%0.03%0.66%12.09%0.00%
Dividend Yield--0.08%0.13%0.14%0.10%0.43%0.57%0.64%0.69%0.70%1.59%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)5,291.36
(-) Cash Dividends Paid (M)4.76
(=) Cash Retained (M)5,286.61
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1,058.27661.42396.85
Cash Retained (M)5,286.615,286.615,286.61
(-) Cash Required (M)-1,058.27-661.42-396.85
(=) Excess Retained (M)4,228.334,625.184,889.75
(/) Shares Outstanding (M)237.70237.70237.70
(=) Excess Retained per Share17.7919.4620.57
LTM Dividend per Share0.020.020.02
(+) Excess Retained per Share17.7919.4620.57
(=) Adjusted Dividend17.8119.4820.59
WACC / Discount Rate7.25%7.25%7.25%
Growth Rate-16.18%-15.18%-14.18%
Fair Value$63.72$73.68$82.48
Upside / Downside385.70%461.55%528.67%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)5,291.364,488.263,807.053,229.232,739.112,323.382,393.08
Payout Ratio0.09%18.07%36.05%54.04%72.02%90.00%92.50%
Projected Dividends (M)4.76811.111,372.591,744.941,972.652,091.042,213.60

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.25%7.25%7.25%
Growth Rate-16.18%-15.18%-14.18%
Year 1 PV (M)747.39756.30765.22
Year 2 PV (M)1,165.381,193.351,221.66
Year 3 PV (M)1,365.121,414.571,465.19
Year 4 PV (M)1,422.021,491.101,562.67
Year 5 PV (M)1,388.931,473.781,562.73
PV of Terminal Value (M)34,618.9836,733.8638,950.86
Equity Value (M)40,707.8143,062.9645,528.32
Shares Outstanding (M)237.70237.70237.70
Fair Value$171.25$181.16$191.53
Upside / Downside1,205.29%1,280.81%1,359.86%

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