Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Wuhan East Lake High Technology Group Co., Ltd. (600133.SS)

Company Dividend Discount ModelIndustry: Engineering & ConstructionSector: Industrials

Valuation Snapshot

Stable Growth$2.44 - $3.54$2.98
Multi-Stage$20.88 - $23.23$22.03
Blended Fair Value$12.50
Current Price$9.25
Upside35.15%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-9.32%1.48%0.340.640.760.590.540.550.700.430.520.40
YoY Growth---47.89%-15.01%28.18%9.20%-1.12%-21.59%62.98%-18.06%31.83%36.90%
Dividend Yield--3.43%5.34%13.04%9.31%8.77%9.49%9.31%4.50%6.54%4.61%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)385.25
(-) Cash Dividends Paid (M)336.19
(=) Cash Retained (M)49.06
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)77.0548.1628.89
Cash Retained (M)49.0649.0649.06
(-) Cash Required (M)-77.05-48.16-28.89
(=) Excess Retained (M)-27.990.9020.17
(/) Shares Outstanding (M)1,061.501,061.501,061.50
(=) Excess Retained per Share-0.030.000.02
LTM Dividend per Share0.320.320.32
(+) Excess Retained per Share-0.030.000.02
(=) Adjusted Dividend0.290.320.34
WACC / Discount Rate1.12%1.12%1.12%
Growth Rate-9.64%-8.64%-7.64%
Fair Value$2.44$2.98$3.54
Upside / Downside-73.62%-67.83%-61.69%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)385.25351.98321.58293.81268.44245.26252.61
Payout Ratio87.27%87.81%88.36%88.91%89.45%90.00%92.50%
Projected Dividends (M)336.19309.08284.15261.22240.13220.73233.67

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate1.12%1.12%1.12%
Growth Rate-9.64%-8.64%-7.64%
Year 1 PV (M)302.33305.67309.02
Year 2 PV (M)271.86277.91284.03
Year 3 PV (M)244.46252.67261.06
Year 4 PV (M)219.81229.71239.93
Year 5 PV (M)197.64208.82220.50
PV of Terminal Value (M)20,922.7022,106.3023,342.86
Equity Value (M)22,158.8123,381.0824,657.40
Shares Outstanding (M)1,061.501,061.501,061.50
Fair Value$20.88$22.03$23.23
Upside / Downside125.68%138.12%151.12%

High-Yield Dividend Screener

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