Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Inkeverse Group Limited (3700.HK)

Company Dividend Discount ModelIndustry: Internet Content & InformationSector: Communication Services

Valuation Snapshot

Stable Growth$1.52 - $2.04$1.79
Multi-Stage$1.74 - $1.91$1.82
Blended Fair Value$1.81
Current Price$1.06
Upside70.39%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%0.040.000.000.000.000.000.000.000.000.00
YoY Growth--0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--1.80%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)620.76
(-) Cash Dividends Paid (M)72.89
(=) Cash Retained (M)547.88
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)124.1577.6046.56
Cash Retained (M)547.88547.88547.88
(-) Cash Required (M)-124.15-77.60-46.56
(=) Excess Retained (M)423.72470.28501.32
(/) Shares Outstanding (M)1,880.611,880.611,880.61
(=) Excess Retained per Share0.230.250.27
LTM Dividend per Share0.040.040.04
(+) Excess Retained per Share0.230.250.27
(=) Adjusted Dividend0.260.290.31
WACC / Discount Rate14.99%14.99%14.99%
Growth Rate-2.00%-1.00%0.00%
Fair Value$1.52$1.79$2.04
Upside / Downside43.73%68.75%92.22%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)620.76614.55608.41602.32596.30590.34608.05
Payout Ratio11.74%27.39%43.04%58.70%74.35%90.00%92.50%
Projected Dividends (M)72.89168.34261.89353.54443.34531.30562.44

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate14.99%14.99%14.99%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)144.93146.40147.88
Year 2 PV (M)194.09198.07202.10
Year 3 PV (M)225.57232.55239.67
Year 4 PV (M)243.51253.61264.01
Year 5 PV (M)251.23264.32277.94
PV of Terminal Value (M)2,219.002,334.552,454.86
Equity Value (M)3,278.343,429.503,586.45
Shares Outstanding (M)1,880.611,880.611,880.61
Fair Value$1.74$1.82$1.91
Upside / Downside64.46%72.04%79.91%

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