Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

BOZHON Precision Industry Technology Co.,Ltd (688097.SS)

Company Dividend Discount ModelIndustry: Industrial - MachinerySector: Industrials

Valuation Snapshot

Stable Growth$166.99 - $203.73$190.85
Multi-Stage$102.71 - $113.18$107.84
Blended Fair Value$149.35
Current Price$37.34
Upside299.96%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR202420232022202120202019201820172016
DPS70.27%0.00%0.350.110.110.080.050.020.100.680.020.00
YoY Growth--227.30%-5.20%36.07%60.58%111.09%-74.65%-85.70%2,976.46%0.00%0.00%
Dividend Yield--1.18%0.42%0.36%0.29%0.25%0.12%0.47%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)476.93
(-) Cash Dividends Paid (M)130.84
(=) Cash Retained (M)346.09
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)95.3959.6235.77
Cash Retained (M)346.09346.09346.09
(-) Cash Required (M)-95.39-59.62-35.77
(=) Excess Retained (M)250.70286.47310.32
(/) Shares Outstanding (M)446.05446.05446.05
(=) Excess Retained per Share0.560.640.70
LTM Dividend per Share0.290.290.29
(+) Excess Retained per Share0.560.640.70
(=) Adjusted Dividend0.860.940.99
WACC / Discount Rate1.51%1.51%1.51%
Growth Rate1.00%2.00%3.00%
Fair Value$166.99$190.85$203.73
Upside / Downside347.23%411.10%445.61%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)476.93486.44496.15506.05516.15526.44542.24
Payout Ratio27.43%39.95%52.46%64.97%77.49%90.00%92.50%
Projected Dividends (M)130.84194.32260.28328.80399.95473.80501.57

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate1.51%1.51%1.51%
Growth Rate1.00%2.00%3.00%
Year 1 PV (M)189.55191.43193.30
Year 2 PV (M)247.66252.58257.56
Year 3 PV (M)305.16314.32323.66
Year 4 PV (M)362.08376.64391.63
Year 5 PV (M)418.41439.54461.51
PV of Terminal Value (M)44,293.3346,530.0348,856.19
Equity Value (M)45,816.1948,104.5350,483.85
Shares Outstanding (M)446.05446.05446.05
Fair Value$102.71$107.84$113.18
Upside / Downside175.08%188.82%203.10%

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