Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Sailun Group Co., Ltd. (601058.SS)

Company Dividend Discount ModelIndustry: Auto - PartsSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$37.78 - $211.76$68.93
Multi-Stage$22.79 - $24.90$23.83
Blended Fair Value$46.38
Current Price$14.38
Upside222.51%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS28.87%15.16%0.440.290.260.210.160.120.110.120.100.12
YoY Growth--50.42%12.82%20.70%29.99%33.50%8.41%-6.54%22.18%-15.57%10.43%
Dividend Yield--3.02%1.90%2.38%2.16%1.81%3.26%3.62%4.02%2.41%3.12%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)3,690.77
(-) Cash Dividends Paid (M)1,578.32
(=) Cash Retained (M)2,112.45
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)738.15461.35276.81
Cash Retained (M)2,112.452,112.452,112.45
(-) Cash Required (M)-738.15-461.35-276.81
(=) Excess Retained (M)1,374.301,651.111,835.65
(/) Shares Outstanding (M)3,256.543,256.543,256.54
(=) Excess Retained per Share0.420.510.56
LTM Dividend per Share0.480.480.48
(+) Excess Retained per Share0.420.510.56
(=) Adjusted Dividend0.910.991.05
WACC / Discount Rate8.03%8.03%8.03%
Growth Rate5.50%6.50%7.50%
Fair Value$37.78$68.93$211.76
Upside / Downside162.69%379.34%1,372.60%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)3,690.773,930.674,186.174,458.274,748.055,056.685,208.38
Payout Ratio42.76%52.21%61.66%71.11%80.55%90.00%92.50%
Projected Dividends (M)1,578.322,052.252,581.123,170.083,824.694,551.014,817.75

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.03%8.03%8.03%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)1,881.831,899.661,917.50
Year 2 PV (M)2,170.242,211.582,253.30
Year 3 PV (M)2,444.102,514.262,585.75
Year 4 PV (M)2,703.932,807.912,914.87
Year 5 PV (M)2,950.233,092.733,240.68
PV of Terminal Value (M)62,063.3765,061.0668,173.47
Equity Value (M)74,213.6977,587.1981,085.57
Shares Outstanding (M)3,256.543,256.543,256.54
Fair Value$22.79$23.83$24.90
Upside / Downside58.48%65.68%73.15%

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