Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Shenzhen Longood Intelligent Electric Co.,LTD (300543.SZ)

Company Dividend Discount ModelIndustry: Electrical Equipment & PartsSector: Industrials

Valuation Snapshot

Stable Growth$3.74 - $13.30$6.20
Multi-Stage$3.63 - $3.97$3.80
Blended Fair Value$5.00
Current Price$12.81
Upside-60.98%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS14.82%5.67%0.070.100.020.200.110.030.140.140.000.06
YoY Growth---29.91%387.24%-90.37%80.05%237.17%-75.00%-4.00%0.00%-100.00%52.17%
Dividend Yield--0.59%1.17%0.20%1.77%1.09%0.37%1.51%1.14%0.00%0.81%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)35.94
(-) Cash Dividends Paid (M)35.79
(=) Cash Retained (M)0.15
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)7.194.492.70
Cash Retained (M)0.150.150.15
(-) Cash Required (M)-7.19-4.49-2.70
(=) Excess Retained (M)-7.03-4.34-2.54
(/) Shares Outstanding (M)266.54266.54266.54
(=) Excess Retained per Share-0.03-0.02-0.01
LTM Dividend per Share0.130.130.13
(+) Excess Retained per Share-0.03-0.02-0.01
(=) Adjusted Dividend0.110.120.12
WACC / Discount Rate6.66%6.66%6.66%
Growth Rate3.67%4.67%5.67%
Fair Value$3.74$6.20$13.30
Upside / Downside-70.82%-51.59%3.80%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)35.9437.6239.3741.2143.1345.1546.50
Payout Ratio99.57%97.66%95.74%93.83%91.91%90.00%92.50%
Projected Dividends (M)35.7936.7437.7038.6739.6540.6343.01

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.66%6.66%6.66%
Growth Rate3.67%4.67%5.67%
Year 1 PV (M)34.1234.4434.77
Year 2 PV (M)32.5133.1433.78
Year 3 PV (M)30.9731.8732.79
Year 4 PV (M)29.4830.6431.82
Year 5 PV (M)28.0629.4430.87
PV of Terminal Value (M)812.21852.14893.64
Equity Value (M)967.341,011.671,057.67
Shares Outstanding (M)266.54266.54266.54
Fair Value$3.63$3.80$3.97
Upside / Downside-71.67%-70.37%-69.02%

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