Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Youngor Group Co.,Ltd (600177.SS)

Company Dividend Discount ModelIndustry: Apparel - ManufacturersSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$7.96 - $14.55$10.69
Multi-Stage$14.22 - $15.60$14.89
Blended Fair Value$12.79
Current Price$7.41
Upside72.65%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS16.57%13.22%0.820.490.490.500.200.380.310.270.440.24
YoY Growth--66.75%0.00%-0.12%149.99%-48.30%25.00%12.00%-37.50%83.83%0.00%
Dividend Yield--10.22%6.93%7.59%7.31%2.44%6.02%4.59%4.52%6.16%3.09%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)2,604.67
(-) Cash Dividends Paid (M)2,225.30
(=) Cash Retained (M)379.38
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)520.93325.58195.35
Cash Retained (M)379.38379.38379.38
(-) Cash Required (M)-520.93-325.58-195.35
(=) Excess Retained (M)-141.5653.79184.03
(/) Shares Outstanding (M)4,673.014,673.014,673.01
(=) Excess Retained per Share-0.030.010.04
LTM Dividend per Share0.480.480.48
(+) Excess Retained per Share-0.030.010.04
(=) Adjusted Dividend0.450.490.52
WACC / Discount Rate6.33%6.33%6.33%
Growth Rate0.70%1.70%2.70%
Fair Value$7.96$10.69$14.55
Upside / Downside7.47%44.30%96.38%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)2,604.672,648.852,693.772,739.452,785.912,833.162,918.15
Payout Ratio85.43%86.35%87.26%88.17%89.09%90.00%92.50%
Projected Dividends (M)2,225.302,287.222,350.602,415.482,481.882,549.842,699.29

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.33%6.33%6.33%
Growth Rate0.70%1.70%2.70%
Year 1 PV (M)2,129.822,150.972,172.12
Year 2 PV (M)2,038.212,078.892,119.98
Year 3 PV (M)1,950.322,009.012,068.86
Year 4 PV (M)1,866.031,941.272,018.76
Year 5 PV (M)1,785.191,875.611,969.66
PV of Terminal Value (M)56,675.5759,546.2262,532.02
Equity Value (M)66,445.1369,601.9672,881.39
Shares Outstanding (M)4,673.014,673.014,673.01
Fair Value$14.22$14.89$15.60
Upside / Downside91.89%101.00%110.48%

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