Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

China Boqi Environmental (Holding) Co., Ltd. (2377.HK)

Company Dividend Discount ModelIndustry: Industrial - Pollution & Treatment ControlsSector: Industrials

Valuation Snapshot

Stable Growth$9.43 - $20.50$13.51
Multi-Stage$11.40 - $12.52$11.95
Blended Fair Value$12.73
Current Price$0.78
Upside1,541.47%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-16.62%12.35%0.030.030.070.060.030.080.000.000.220.07
YoY Growth--16.26%-56.67%2.82%114.01%-63.64%0.00%0.00%-100.00%226.46%557.96%
Dividend Yield--3.69%4.00%8.41%4.69%1.56%7.12%0.00%0.00%10.47%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)485.60
(-) Cash Dividends Paid (M)59.80
(=) Cash Retained (M)425.80
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)97.1260.7036.42
Cash Retained (M)425.80425.80425.80
(-) Cash Required (M)-97.12-60.70-36.42
(=) Excess Retained (M)328.68365.10389.38
(/) Shares Outstanding (M)966.21966.21966.21
(=) Excess Retained per Share0.340.380.40
LTM Dividend per Share0.060.060.06
(+) Excess Retained per Share0.340.380.40
(=) Adjusted Dividend0.400.440.46
WACC / Discount Rate6.84%6.84%6.84%
Growth Rate2.47%3.47%4.47%
Fair Value$9.43$13.51$20.50
Upside / Downside1,116.16%1,641.82%2,543.91%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)485.60502.45519.88537.92556.59575.91593.18
Payout Ratio12.31%27.85%43.39%58.93%74.46%90.00%92.50%
Projected Dividends (M)59.80139.94225.57316.98414.45518.31548.69

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.84%6.84%6.84%
Growth Rate2.47%3.47%4.47%
Year 1 PV (M)129.72130.98132.25
Year 2 PV (M)193.81197.62201.45
Year 3 PV (M)252.45259.92267.53
Year 4 PV (M)305.97318.09330.57
Year 5 PV (M)354.69372.34390.68
PV of Terminal Value (M)9,780.0010,266.6210,772.42
Equity Value (M)11,016.6511,545.5712,094.90
Shares Outstanding (M)966.21966.21966.21
Fair Value$11.40$11.95$12.52
Upside / Downside1,370.51%1,441.11%1,514.44%

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