Definitive Analysis
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Definitive Analysis

Financial Statements

Mode

Ticker

Industry

Sector

Wuxi Lihu Corporation Limited. (300694.SZ)

Company Dividend Discount ModelIndustry: Industrial - MachinerySector: Industrials

Valuation Snapshot

Stable Growth$2.49 - $5.10$3.49
Multi-Stage$2.29 - $2.50$2.39
Blended Fair Value$2.94
Current Price$12.02
Upside-75.54%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS12.12%6.36%0.100.050.060.070.080.060.080.080.060.07
YoY Growth--113.23%-15.87%-21.01%-6.19%33.33%-24.32%-2.63%27.27%-8.80%22.21%
Dividend Yield--0.73%0.46%0.54%0.70%0.87%0.50%0.32%0.55%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)31.35
(-) Cash Dividends Paid (M)24.83
(=) Cash Retained (M)6.52
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)6.273.922.35
Cash Retained (M)6.526.526.52
(-) Cash Required (M)-6.27-3.92-2.35
(=) Excess Retained (M)0.252.604.17
(/) Shares Outstanding (M)223.61223.61223.61
(=) Excess Retained per Share0.000.010.02
LTM Dividend per Share0.110.110.11
(+) Excess Retained per Share0.000.010.02
(=) Adjusted Dividend0.110.120.13
WACC / Discount Rate9.07%9.07%9.07%
Growth Rate4.36%5.36%6.36%
Fair Value$2.49$3.49$5.10
Upside / Downside-79.31%-70.99%-57.61%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)31.3533.0334.8036.6738.6340.7041.92
Payout Ratio79.20%81.36%83.52%85.68%87.84%90.00%92.50%
Projected Dividends (M)24.8326.8729.0631.4233.9336.6338.78

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.07%9.07%9.07%
Growth Rate4.36%5.36%6.36%
Year 1 PV (M)24.4024.6424.87
Year 2 PV (M)23.9724.4324.90
Year 3 PV (M)23.5324.2124.91
Year 4 PV (M)23.0823.9824.90
Year 5 PV (M)22.6323.7424.88
PV of Terminal Value (M)394.85414.13434.16
Equity Value (M)512.47535.13558.63
Shares Outstanding (M)223.61223.61223.61
Fair Value$2.29$2.39$2.50
Upside / Downside-80.93%-80.09%-79.22%

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