Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Inner Mongolia Erdos Resources Co.,ltd. (600295.SS)

Company Dividend Discount ModelIndustry: Apparel - ManufacturersSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$106.01 - $124.97$117.08
Multi-Stage$63.23 - $69.52$66.32
Blended Fair Value$91.70
Current Price$10.18
Upside800.79%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS13.09%4.01%0.840.751.140.600.570.450.490.460.460.48
YoY Growth--10.94%-33.78%88.52%6.06%25.90%-8.23%6.24%1.88%-4.34%-15.65%
Dividend Yield--9.13%6.87%10.40%4.64%7.01%11.79%10.09%8.21%8.90%11.21%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,832.31
(-) Cash Dividends Paid (M)1,702.70
(=) Cash Retained (M)129.61
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)366.46229.04137.42
Cash Retained (M)129.61129.61129.61
(-) Cash Required (M)-366.46-229.04-137.42
(=) Excess Retained (M)-236.85-99.43-7.81
(/) Shares Outstanding (M)2,833.802,833.802,833.80
(=) Excess Retained per Share-0.08-0.040.00
LTM Dividend per Share0.600.600.60
(+) Excess Retained per Share-0.08-0.040.00
(=) Adjusted Dividend0.520.570.60
WACC / Discount Rate2.91%2.91%2.91%
Growth Rate2.47%3.47%4.47%
Fair Value$106.01$117.08$124.97
Upside / Downside941.38%1,050.13%1,127.60%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,832.311,895.941,961.792,029.922,100.412,173.362,238.56
Payout Ratio92.93%92.34%91.76%91.17%90.59%90.00%92.50%
Projected Dividends (M)1,702.701,750.731,800.051,850.681,902.661,956.022,070.67

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate2.91%2.91%2.91%
Growth Rate2.47%3.47%4.47%
Year 1 PV (M)1,684.861,701.301,717.74
Year 2 PV (M)1,667.141,699.841,732.85
Year 3 PV (M)1,649.541,698.311,748.03
Year 4 PV (M)1,632.061,696.711,763.26
Year 5 PV (M)1,614.701,695.041,778.55
PV of Terminal Value (M)170,934.20179,439.04188,279.09
Equity Value (M)179,182.51187,930.24197,019.52
Shares Outstanding (M)2,833.802,833.802,833.80
Fair Value$63.23$66.32$69.52
Upside / Downside521.12%551.45%582.95%

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