Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Jiangsu JIXIN Wind Energy Technology Co., Ltd. (601218.SS)

Company Dividend Discount ModelIndustry: Industrial - MachinerySector: Industrials

Valuation Snapshot

Stable Growth$1.34 - $2.32$1.76
Multi-Stage$7.96 - $8.83$8.39
Blended Fair Value$5.07
Current Price$5.61
Upside-9.54%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS13.84%8.52%0.110.040.060.220.050.060.050.000.050.07
YoY Growth--157.98%-28.99%-71.85%305.02%-8.48%20.10%0.00%-100.00%-38.34%44.76%
Dividend Yield--3.60%1.37%1.56%4.10%1.24%2.17%1.59%0.00%0.86%1.38%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)108.18
(-) Cash Dividends Paid (M)13.29
(=) Cash Retained (M)94.90
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)21.6413.528.11
Cash Retained (M)94.9094.9094.90
(-) Cash Required (M)-21.64-13.52-8.11
(=) Excess Retained (M)73.2681.3886.79
(/) Shares Outstanding (M)970.54970.54970.54
(=) Excess Retained per Share0.080.080.09
LTM Dividend per Share0.010.010.01
(+) Excess Retained per Share0.080.080.09
(=) Adjusted Dividend0.090.100.10
WACC / Discount Rate1.37%1.37%1.37%
Growth Rate-4.95%-3.95%-2.95%
Fair Value$1.34$1.76$2.32
Upside / Downside-76.07%-68.57%-58.64%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)108.18103.9299.8295.8892.1088.4691.12
Payout Ratio12.28%27.82%43.37%58.91%74.46%90.00%92.50%
Projected Dividends (M)13.2928.9143.2956.4868.5779.6284.28

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate1.37%1.37%1.37%
Growth Rate-4.95%-3.95%-2.95%
Year 1 PV (M)28.2328.5228.82
Year 2 PV (M)41.2642.1343.01
Year 3 PV (M)52.5554.2355.94
Year 4 PV (M)62.2864.9467.69
Year 5 PV (M)70.6074.3978.34
PV of Terminal Value (M)7,473.327,874.788,293.32
Equity Value (M)7,728.238,139.008,567.12
Shares Outstanding (M)970.54970.54970.54
Fair Value$7.96$8.39$8.83
Upside / Downside41.94%49.48%57.35%

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