Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

China Electronics Huada Technology Company Limited (0085.HK)

Company Dividend Discount ModelIndustry: SemiconductorsSector: Technology

Valuation Snapshot

Stable Growth$16.12 - $77.43$34.95
Multi-Stage$8.77 - $9.58$9.16
Blended Fair Value$22.06
Current Price$1.39
Upside1,487.03%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS39.33%15.43%0.110.080.020.000.020.020.030.030.030.03
YoY Growth--31.25%321.05%0.00%-100.00%15.00%-33.33%0.00%0.00%15.38%4.00%
Dividend Yield--8.40%6.06%1.39%0.00%3.19%3.39%4.76%2.19%1.92%0.87%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)790.33
(-) Cash Dividends Paid (M)375.53
(=) Cash Retained (M)414.80
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)158.0798.7959.27
Cash Retained (M)414.80414.80414.80
(-) Cash Required (M)-158.07-98.79-59.27
(=) Excess Retained (M)256.73316.01355.53
(/) Shares Outstanding (M)2,029.872,029.872,029.87
(=) Excess Retained per Share0.130.160.18
LTM Dividend per Share0.190.190.19
(+) Excess Retained per Share0.130.160.18
(=) Adjusted Dividend0.310.340.36
WACC / Discount Rate7.54%7.54%7.54%
Growth Rate5.50%6.50%7.50%
Fair Value$16.12$34.95$77.43
Upside / Downside1,060.02%2,414.71%5,470.62%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)790.33841.70896.41954.681,016.731,082.821,115.30
Payout Ratio47.52%56.01%64.51%73.01%81.50%90.00%92.50%
Projected Dividends (M)375.53471.45578.27696.97828.67974.531,031.65

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.54%7.54%7.54%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)434.29438.41442.52
Year 2 PV (M)490.69500.04509.47
Year 3 PV (M)544.80560.44576.38
Year 4 PV (M)596.68619.63643.23
Year 5 PV (M)646.40677.62710.04
PV of Terminal Value (M)15,079.0915,807.4216,563.62
Equity Value (M)17,791.9618,603.5519,445.26
Shares Outstanding (M)2,029.872,029.872,029.87
Fair Value$8.77$9.16$9.58
Upside / Downside530.58%559.34%589.18%

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