Definitive Analysis
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Definitive Analysis

Financial Statements

Mode

Ticker

Industry

Sector

Beyondsoft Corporation (002649.SZ)

Company Dividend Discount ModelIndustry: Information Technology ServicesSector: Technology

Valuation Snapshot

Stable Growth$1.43 - $2.03$1.72
Multi-Stage$2.48 - $2.71$2.59
Blended Fair Value$2.16
Current Price$14.17
Upside-84.78%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-19.68%-7.27%0.040.210.310.210.110.110.100.070.090.09
YoY Growth---83.06%-31.90%49.87%82.46%5.94%4.03%38.96%-13.26%-9.67%24.24%
Dividend Yield--0.27%1.93%2.00%1.57%1.11%1.19%1.03%0.64%0.64%0.74%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)129.00
(-) Cash Dividends Paid (M)103.36
(=) Cash Retained (M)25.64
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)25.8016.139.68
Cash Retained (M)25.6425.6425.64
(-) Cash Required (M)-25.80-16.13-9.68
(=) Excess Retained (M)-0.169.5115.96
(/) Shares Outstanding (M)590.69590.69590.69
(=) Excess Retained per Share0.000.020.03
LTM Dividend per Share0.170.170.17
(+) Excess Retained per Share0.000.020.03
(=) Adjusted Dividend0.170.190.20
WACC / Discount Rate9.47%9.47%9.47%
Growth Rate-2.45%-1.45%-0.45%
Fair Value$1.43$1.72$2.03
Upside / Downside-89.92%-87.84%-85.70%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)129.00127.12125.27123.45121.66119.89123.48
Payout Ratio80.12%82.10%84.07%86.05%88.02%90.00%92.50%
Projected Dividends (M)103.36104.37105.32106.23107.09107.90114.22

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.47%9.47%9.47%
Growth Rate-2.45%-1.45%-0.45%
Year 1 PV (M)94.3795.3496.30
Year 2 PV (M)86.1187.8989.68
Year 3 PV (M)78.5380.9783.46
Year 4 PV (M)71.5874.5677.64
Year 5 PV (M)65.2168.6372.18
PV of Terminal Value (M)1,066.661,122.461,180.58
Equity Value (M)1,462.461,529.851,599.84
Shares Outstanding (M)590.69590.69590.69
Fair Value$2.48$2.59$2.71
Upside / Downside-82.53%-81.72%-80.89%

High-Yield Dividend Screener

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