Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Wuhan East Lake High Technology Group Co., Ltd. (600133.SS)

Company Dividend Discount ModelIndustry: Engineering & ConstructionSector: Industrials

Valuation Snapshot

Stable Growth$2.50 - $3.64$3.05
Multi-Stage$21.12 - $23.50$22.28
Blended Fair Value$12.67
Current Price$9.25
Upside36.93%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-9.32%1.48%0.340.640.760.590.540.550.700.430.520.40
YoY Growth---47.89%-15.01%28.18%9.20%-1.12%-21.59%62.98%-18.06%31.83%36.90%
Dividend Yield--3.43%5.34%13.04%9.31%8.77%9.49%9.31%4.50%6.54%4.61%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)385.25
(-) Cash Dividends Paid (M)336.19
(=) Cash Retained (M)49.06
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)77.0548.1628.89
Cash Retained (M)49.0649.0649.06
(-) Cash Required (M)-77.05-48.16-28.89
(=) Excess Retained (M)-27.990.9020.17
(/) Shares Outstanding (M)1,061.501,061.501,061.50
(=) Excess Retained per Share-0.030.000.02
LTM Dividend per Share0.320.320.32
(+) Excess Retained per Share-0.030.000.02
(=) Adjusted Dividend0.290.320.34
WACC / Discount Rate0.88%0.88%0.88%
Growth Rate-9.64%-8.64%-7.64%
Fair Value$2.50$3.05$3.64
Upside / Downside-73.02%-67.02%-60.62%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)385.25351.98321.58293.81268.44245.26252.61
Payout Ratio87.27%87.81%88.36%88.91%89.45%90.00%92.50%
Projected Dividends (M)336.19309.08284.15261.22240.13220.73233.67

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate0.88%0.88%0.88%
Growth Rate-9.64%-8.64%-7.64%
Year 1 PV (M)303.04306.40309.75
Year 2 PV (M)273.15279.23285.38
Year 3 PV (M)246.20254.47262.92
Year 4 PV (M)221.90231.89242.21
Year 5 PV (M)199.99211.31223.13
PV of Terminal Value (M)21,171.6522,369.3323,620.60
Equity Value (M)22,415.9523,652.6224,943.99
Shares Outstanding (M)1,061.501,061.501,061.50
Fair Value$21.12$22.28$23.50
Upside / Downside128.30%140.89%154.04%

High-Yield Dividend Screener

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