Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Jinling Hotel Corporation, Ltd. (601007.SS)

Company Dividend Discount ModelIndustry: Travel LodgingSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$0.65 - $0.96$0.80
Multi-Stage$1.23 - $1.35$1.29
Blended Fair Value$1.04
Current Price$7.34
Upside-85.81%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-4.79%-0.26%0.150.130.100.060.030.190.250.150.120.14
YoY Growth--10.43%26.87%69.85%99.56%-83.53%-26.15%70.99%18.10%-9.67%-7.55%
Dividend Yield--2.17%1.85%1.04%0.88%0.51%3.01%3.12%1.81%1.12%1.44%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)31.51
(-) Cash Dividends Paid (M)5.78
(=) Cash Retained (M)25.73
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)6.303.942.36
Cash Retained (M)25.7325.7325.73
(-) Cash Required (M)-6.30-3.94-2.36
(=) Excess Retained (M)19.4221.7923.36
(/) Shares Outstanding (M)384.59384.59384.59
(=) Excess Retained per Share0.050.060.06
LTM Dividend per Share0.020.020.02
(+) Excess Retained per Share0.050.060.06
(=) Adjusted Dividend0.070.070.08
WACC / Discount Rate7.62%7.62%7.62%
Growth Rate-2.26%-1.26%-0.26%
Fair Value$0.65$0.80$0.96
Upside / Downside-91.16%-89.14%-86.93%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)31.5131.1230.7230.3429.9529.5830.46
Payout Ratio18.36%32.69%47.01%61.34%75.67%90.00%92.50%
Projected Dividends (M)5.7810.1714.4418.6122.6726.6228.18

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.62%7.62%7.62%
Growth Rate-2.26%-1.26%-0.26%
Year 1 PV (M)9.359.459.55
Year 2 PV (M)12.2212.4712.73
Year 3 PV (M)14.4814.9315.39
Year 4 PV (M)16.2216.9017.59
Year 5 PV (M)17.5218.4419.39
PV of Terminal Value (M)401.57422.54444.37
Equity Value (M)471.37494.73519.02
Shares Outstanding (M)384.59384.59384.59
Fair Value$1.23$1.29$1.35
Upside / Downside-83.30%-82.47%-81.61%

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