Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Hangzhou Chuhuan Science & Technology Company Limited (001336.SZ)

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

Valuation Snapshot

Stable Growth$2.78 - $4.16$3.44
Multi-Stage$4.59 - $5.05$4.81
Blended Fair Value$4.13
Current Price$23.13
Upside-82.17%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018
DPS281.18%0.00%0.160.130.010.010.100.000.000.000.000.00
YoY Growth--18.02%1,128.75%7.18%-90.27%53,110.65%60.42%0.00%0.00%0.00%0.00%
Dividend Yield--0.72%0.63%0.04%0.03%0.31%0.00%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)26.42
(-) Cash Dividends Paid (M)4.28
(=) Cash Retained (M)22.14
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)5.283.301.98
Cash Retained (M)22.1422.1422.14
(-) Cash Required (M)-5.28-3.30-1.98
(=) Excess Retained (M)16.8518.8320.16
(/) Shares Outstanding (M)78.9078.9078.90
(=) Excess Retained per Share0.210.240.26
LTM Dividend per Share0.050.050.05
(+) Excess Retained per Share0.210.240.26
(=) Adjusted Dividend0.270.290.31
WACC / Discount Rate8.23%8.23%8.23%
Growth Rate-1.27%-0.27%0.73%
Fair Value$2.78$3.44$4.16
Upside / Downside-87.97%-85.14%-82.02%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)26.4226.3526.2826.2126.1426.0726.85
Payout Ratio16.21%30.96%45.72%60.48%75.24%90.00%92.50%
Projected Dividends (M)4.288.1612.0115.8519.6723.4624.84

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.23%8.23%8.23%
Growth Rate-1.27%-0.27%0.73%
Year 1 PV (M)7.467.547.61
Year 2 PV (M)10.0510.2610.46
Year 3 PV (M)12.1312.5012.88
Year 4 PV (M)13.7614.3314.91
Year 5 PV (M)15.0215.7916.60
PV of Terminal Value (M)303.70319.40335.74
Equity Value (M)362.13379.82398.21
Shares Outstanding (M)78.9078.9078.90
Fair Value$4.59$4.81$5.05
Upside / Downside-80.16%-79.19%-78.18%

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