Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Triductor Technology (Suzhou) Inc. (688259.SS)

Company Dividend Discount ModelIndustry: SemiconductorsSector: Technology

Valuation Snapshot

Stable Growth$48.49 - $150.53$141.07
Multi-Stage$20.11 - $22.01$21.04
Blended Fair Value$81.05
Current Price$46.91
Upside72.78%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR20242023202220212020201920182017
DPS106.12%0.00%0.230.270.220.000.010.010.010.000.000.00
YoY Growth---15.97%23.37%5,324.42%-58.20%58.28%-26.27%80.99%0.00%0.00%0.00%
Dividend Yield--0.51%0.68%0.40%0.01%0.02%0.01%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)82.31
(-) Cash Dividends Paid (M)22.25
(=) Cash Retained (M)60.06
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)16.4610.296.17
Cash Retained (M)60.0660.0660.06
(-) Cash Required (M)-16.46-10.29-6.17
(=) Excess Retained (M)43.6049.7753.89
(/) Shares Outstanding (M)108.75108.75108.75
(=) Excess Retained per Share0.400.460.50
LTM Dividend per Share0.200.200.20
(+) Excess Retained per Share0.400.460.50
(=) Adjusted Dividend0.610.660.70
WACC / Discount Rate6.82%6.82%6.82%
Growth Rate5.50%6.50%7.50%
Fair Value$48.49$141.07$150.53
Upside / Downside3.36%200.72%220.88%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)82.3187.6693.3699.43105.89112.78116.16
Payout Ratio27.03%39.63%52.22%64.81%77.41%90.00%92.50%
Projected Dividends (M)22.2534.7448.7564.4581.97101.50107.45

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.82%6.82%6.82%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)32.2232.5232.83
Year 2 PV (M)41.9342.7343.54
Year 3 PV (M)51.4052.8854.38
Year 4 PV (M)60.6362.9665.36
Year 5 PV (M)69.6372.9976.48
PV of Terminal Value (M)1,930.752,024.002,120.83
Equity Value (M)2,186.552,288.082,393.41
Shares Outstanding (M)108.75108.75108.75
Fair Value$20.11$21.04$22.01
Upside / Downside-57.14%-55.15%-53.09%

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