Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Youngor Group Co.,Ltd (600177.SS)

Company Dividend Discount ModelIndustry: Apparel - ManufacturersSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$18.63 - $105.90$35.19
Multi-Stage$49.47 - $54.49$51.93
Blended Fair Value$43.56
Current Price$7.41
Upside487.83%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS16.57%13.22%0.820.490.490.500.200.380.310.270.440.24
YoY Growth--66.75%0.00%-0.12%149.99%-48.30%25.00%12.00%-37.50%83.83%0.00%
Dividend Yield--10.22%6.93%7.59%7.31%2.44%6.02%4.59%4.52%6.16%3.09%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)2,604.67
(-) Cash Dividends Paid (M)2,225.30
(=) Cash Retained (M)379.38
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)520.93325.58195.35
Cash Retained (M)379.38379.38379.38
(-) Cash Required (M)-520.93-325.58-195.35
(=) Excess Retained (M)-141.5653.79184.03
(/) Shares Outstanding (M)4,673.014,673.014,673.01
(=) Excess Retained per Share-0.030.010.04
LTM Dividend per Share0.480.480.48
(+) Excess Retained per Share-0.030.010.04
(=) Adjusted Dividend0.450.490.52
WACC / Discount Rate3.11%3.11%3.11%
Growth Rate0.70%1.70%2.70%
Fair Value$18.63$35.19$105.90
Upside / Downside151.48%374.85%1,329.10%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)2,604.672,648.852,693.772,739.452,785.912,833.162,918.15
Payout Ratio85.43%86.35%87.26%88.17%89.09%90.00%92.50%
Projected Dividends (M)2,225.302,287.222,350.602,415.482,481.882,549.842,699.29

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate3.11%3.11%3.11%
Growth Rate0.70%1.70%2.70%
Year 1 PV (M)2,196.522,218.332,240.14
Year 2 PV (M)2,167.872,211.142,254.84
Year 3 PV (M)2,139.362,203.732,269.38
Year 4 PV (M)2,111.002,196.112,283.77
Year 5 PV (M)2,082.792,188.292,298.01
PV of Terminal Value (M)220,486.66231,654.43243,270.20
Equity Value (M)231,184.19242,672.02254,616.35
Shares Outstanding (M)4,673.014,673.014,673.01
Fair Value$49.47$51.93$54.49
Upside / Downside567.64%600.82%635.31%

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