Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Jerash Holdings (US), Inc. (JRSH)

Company Dividend Discount ModelIndustry: Apparel - ManufacturersSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$396.62 - $634.31$504.36
Multi-Stage$663.15 - $729.97$695.91
Blended Fair Value$600.13
Current Price$3.28
Upside18,196.76%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS1.66%0.00%0.190.190.200.190.180.180.090.000.420.00
YoY Growth--0.00%-1.01%4.96%4.49%0.00%100.00%0.00%-100.00%0.00%0.00%
Dividend Yield--5.93%6.63%5.28%3.97%2.69%3.68%1.24%0.00%4.88%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)479.46
(-) Cash Dividends Paid (M)2.50
(=) Cash Retained (M)476.96
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)95.8959.9335.96
Cash Retained (M)476.96476.96476.96
(-) Cash Required (M)-95.89-59.93-35.96
(=) Excess Retained (M)381.07417.03441.00
(/) Shares Outstanding (M)12.6512.6512.65
(=) Excess Retained per Share30.1232.9734.86
LTM Dividend per Share0.200.200.20
(+) Excess Retained per Share30.1232.9734.86
(=) Adjusted Dividend30.3233.1635.06
WACC / Discount Rate7.28%7.28%7.28%
Growth Rate-0.34%0.66%1.66%
Fair Value$396.62$504.36$634.31
Upside / Downside11,992.04%15,276.74%19,238.87%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)479.46482.61485.78488.97492.19495.42510.28
Payout Ratio0.52%18.42%36.31%54.21%72.10%90.00%92.50%
Projected Dividends (M)2.5088.88176.40265.07354.89445.88472.01

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.28%7.28%7.28%
Growth Rate-0.34%0.66%1.66%
Year 1 PV (M)82.0382.8683.68
Year 2 PV (M)150.26153.29156.35
Year 3 PV (M)208.37214.71221.17
Year 4 PV (M)257.48267.97278.78
Year 5 PV (M)298.56313.85329.75
PV of Terminal Value (M)7,392.647,771.068,164.82
Equity Value (M)8,389.348,803.739,234.55
Shares Outstanding (M)12.6512.6512.65
Fair Value$663.15$695.91$729.97
Upside / Downside20,118.12%21,116.78%22,155.05%

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