Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Kangmei Pharmaceutical Co., Ltd. (600518.SS)

Company Dividend Discount ModelIndustry: Drug Manufacturers - Specialty & GenericSector: Healthcare

Valuation Snapshot

Stable Growth$0.00 - $0.00$0.00
Multi-Stage$0.01 - $0.01$0.01
Blended Fair Value$0.01
Current Price$2.02
Upside-99.72%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-80.33%-51.52%0.000.000.000.000.070.180.210.160.140.08
YoY Growth--0.00%-100.00%-93.51%-98.66%-59.48%-15.56%35.66%15.02%72.58%7.03%
Dividend Yield--0.00%0.00%0.00%0.03%3.63%5.88%1.96%0.70%0.73%0.51%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)16.64
(-) Cash Dividends Paid (M)0.75
(=) Cash Retained (M)15.89
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)3.332.081.25
Cash Retained (M)15.8915.8915.89
(-) Cash Required (M)-3.33-2.08-1.25
(=) Excess Retained (M)12.5613.8114.64
(/) Shares Outstanding (M)14,067.9114,067.9114,067.91
(=) Excess Retained per Share0.000.000.00
LTM Dividend per Share0.000.000.00
(+) Excess Retained per Share0.000.000.00
(=) Adjusted Dividend0.000.000.00
WACC / Discount Rate9.98%9.98%9.98%
Growth Rate-12.62%-11.62%-10.62%
Fair Value$0.00$0.00$0.00
Upside / Downside-99.82%-99.79%-99.76%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)16.6414.7113.0011.4910.158.979.24
Payout Ratio4.51%21.61%38.70%55.80%72.90%90.00%92.50%
Projected Dividends (M)0.753.185.036.417.408.088.55

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.98%9.98%9.98%
Growth Rate-12.62%-11.62%-10.62%
Year 1 PV (M)2.862.892.92
Year 2 PV (M)4.074.164.25
Year 3 PV (M)4.664.824.98
Year 4 PV (M)4.835.065.29
Year 5 PV (M)4.745.025.31
PV of Terminal Value (M)71.9176.1280.52
Equity Value (M)93.0698.06103.28
Shares Outstanding (M)14,067.9114,067.9114,067.91
Fair Value$0.01$0.01$0.01
Upside / Downside-99.67%-99.65%-99.64%

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