Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Yunding Technology Co.,Ltd. (000409.SZ)

Company Dividend Discount ModelIndustry: ConglomeratesSector: Industrials

Valuation Snapshot

Stable Growth$0.50 - $0.69$0.60
Multi-Stage$0.65 - $0.71$0.68
Blended Fair Value$0.64
Current Price$11.24
Upside-94.31%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%0.000.000.010.010.070.100.290.410.400.17
YoY Growth--0.00%-100.00%-14.66%-88.25%-26.10%-66.17%-29.96%4.38%126.89%122.22%
Dividend Yield--0.00%0.00%0.07%0.14%1.51%2.35%4.88%7.06%3.12%1.85%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)62.61
(-) Cash Dividends Paid (M)12.13
(=) Cash Retained (M)50.49
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)12.527.834.70
Cash Retained (M)50.4950.4950.49
(-) Cash Required (M)-12.52-7.83-4.70
(=) Excess Retained (M)37.9642.6645.79
(/) Shares Outstanding (M)669.41669.41669.41
(=) Excess Retained per Share0.060.060.07
LTM Dividend per Share0.020.020.02
(+) Excess Retained per Share0.060.060.07
(=) Adjusted Dividend0.070.080.09
WACC / Discount Rate12.54%12.54%12.54%
Growth Rate-2.00%-1.00%0.00%
Fair Value$0.50$0.60$0.69
Upside / Downside-95.51%-94.67%-93.86%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)62.6161.9961.3760.7560.1559.5561.33
Payout Ratio19.37%33.49%47.62%61.75%75.87%90.00%92.50%
Projected Dividends (M)12.1320.7629.2237.5145.6453.5956.73

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate12.54%12.54%12.54%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)18.2618.4518.64
Year 2 PV (M)22.6123.0823.54
Year 3 PV (M)25.5326.3227.13
Year 4 PV (M)27.3228.4529.62
Year 5 PV (M)28.2229.6931.22
PV of Terminal Value (M)313.33329.64346.63
Equity Value (M)435.28455.64476.78
Shares Outstanding (M)669.41669.41669.41
Fair Value$0.65$0.68$0.71
Upside / Downside-94.21%-93.94%-93.66%

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