Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Jiangsu Hengli Hydraulic Co.,Ltd (601100.SS)

Company Dividend Discount ModelIndustry: Industrial - MachinerySector: Industrials

Valuation Snapshot

Stable Growth$76.71 - $415.66$149.86
Multi-Stage$43.14 - $47.20$45.14
Blended Fair Value$97.50
Current Price$95.77
Upside1.80%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS10.11%22.06%0.450.560.550.430.280.280.110.060.050.04
YoY Growth---19.50%1.10%26.75%56.75%0.11%162.14%63.59%21.87%40.05%-38.03%
Dividend Yield--0.56%1.05%0.83%0.83%0.31%0.67%0.47%0.44%0.69%0.67%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)2,804.12
(-) Cash Dividends Paid (M)474.86
(=) Cash Retained (M)2,329.27
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)560.82350.52210.31
Cash Retained (M)2,329.272,329.272,329.27
(-) Cash Required (M)-560.82-350.52-210.31
(=) Excess Retained (M)1,768.441,978.752,118.96
(/) Shares Outstanding (M)1,341.651,341.651,341.65
(=) Excess Retained per Share1.321.471.58
LTM Dividend per Share0.350.350.35
(+) Excess Retained per Share1.321.471.58
(=) Adjusted Dividend1.671.831.93
WACC / Discount Rate7.80%7.80%7.80%
Growth Rate5.50%6.50%7.50%
Fair Value$76.71$149.86$415.66
Upside / Downside-19.91%56.48%334.02%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)2,804.122,986.393,180.513,387.243,607.413,841.893,957.15
Payout Ratio16.93%31.55%46.16%60.77%75.39%90.00%92.50%
Projected Dividends (M)474.86942.131,468.142,058.552,719.513,457.703,660.36

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.80%7.80%7.80%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)865.76873.96882.17
Year 2 PV (M)1,239.761,263.381,287.21
Year 3 PV (M)1,597.421,643.271,690.00
Year 4 PV (M)1,939.252,013.822,090.53
Year 5 PV (M)2,265.762,375.202,488.83
PV of Terminal Value (M)49,973.2852,387.0154,893.12
Equity Value (M)57,881.2260,556.6463,331.85
Shares Outstanding (M)1,341.651,341.651,341.65
Fair Value$43.14$45.14$47.20
Upside / Downside-54.95%-52.87%-50.71%

High-Yield Dividend Screener

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