Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Bosun Co., Ltd. (002282.SZ)

Company Dividend Discount ModelIndustry: Manufacturing - Tools & AccessoriesSector: Industrials

Valuation Snapshot

Stable Growth$10.82 - $49.64$19.02
Multi-Stage$6.81 - $7.44$7.12
Blended Fair Value$13.07
Current Price$7.00
Upside86.70%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS25.30%15.97%0.150.040.160.090.070.050.100.030.030.05
YoY Growth--309.02%-76.29%71.44%40.60%32.12%-50.43%295.58%-10.79%-44.14%45.83%
Dividend Yield--2.01%0.57%2.03%1.10%0.65%0.72%0.89%0.20%0.21%0.43%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)182.63
(-) Cash Dividends Paid (M)105.37
(=) Cash Retained (M)77.26
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)36.5322.8313.70
Cash Retained (M)77.2677.2677.26
(-) Cash Required (M)-36.53-22.83-13.70
(=) Excess Retained (M)40.7454.4463.57
(/) Shares Outstanding (M)529.06529.06529.06
(=) Excess Retained per Share0.080.100.12
LTM Dividend per Share0.200.200.20
(+) Excess Retained per Share0.080.100.12
(=) Adjusted Dividend0.280.300.32
WACC / Discount Rate8.19%8.19%8.19%
Growth Rate5.50%6.50%7.50%
Fair Value$10.82$19.02$49.64
Upside / Downside54.64%171.67%609.08%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)182.63194.50207.15220.61234.95250.22257.73
Payout Ratio57.69%64.16%70.62%77.08%83.54%90.00%92.50%
Projected Dividends (M)105.37124.78146.28170.04196.27225.20238.40

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.19%8.19%8.19%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)114.25115.34116.42
Year 2 PV (M)122.63124.97127.32
Year 3 PV (M)130.52134.27138.09
Year 4 PV (M)137.94143.25148.71
Year 5 PV (M)144.92151.92159.18
PV of Terminal Value (M)2,954.983,097.703,245.89
Equity Value (M)3,605.243,767.443,935.61
Shares Outstanding (M)529.06529.06529.06
Fair Value$6.81$7.12$7.44
Upside / Downside-2.65%1.73%6.27%

High-Yield Dividend Screener

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