Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Sichuan Chuanhuan Technology Co.,Ltd. (300547.SZ)

Company Dividend Discount ModelIndustry: Auto - PartsSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$72.18 - $176.52$165.42
Multi-Stage$25.89 - $28.33$27.09
Blended Fair Value$96.25
Current Price$42.36
Upside127.23%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS5.83%7.43%0.420.280.270.280.280.310.290.140.300.20
YoY Growth--50.07%1.06%-1.05%0.00%-11.54%10.00%98.10%-51.32%49.81%-2.96%
Dividend Yield--1.19%1.48%1.62%2.01%3.29%3.99%2.06%0.92%1.30%2.23%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)192.21
(-) Cash Dividends Paid (M)90.17
(=) Cash Retained (M)102.04
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)38.4424.0314.42
Cash Retained (M)102.04102.04102.04
(-) Cash Required (M)-38.44-24.03-14.42
(=) Excess Retained (M)63.6078.0287.63
(/) Shares Outstanding (M)216.56216.56216.56
(=) Excess Retained per Share0.290.360.40
LTM Dividend per Share0.420.420.42
(+) Excess Retained per Share0.290.360.40
(=) Adjusted Dividend0.710.780.82
WACC / Discount Rate6.54%6.54%6.54%
Growth Rate5.50%6.50%7.50%
Fair Value$72.18$165.42$176.52
Upside / Downside70.40%290.51%316.70%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)192.21204.70218.01232.18247.27263.34271.24
Payout Ratio46.91%55.53%64.15%72.76%81.38%90.00%92.50%
Projected Dividends (M)90.17113.67139.84168.94201.23237.01250.90

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.54%6.54%6.54%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)105.69106.69107.69
Year 2 PV (M)120.90123.21125.53
Year 3 PV (M)135.81139.71143.68
Year 4 PV (M)150.42156.20162.15
Year 5 PV (M)164.73172.68180.94
PV of Terminal Value (M)4,929.025,167.095,414.27
Equity Value (M)5,606.575,865.596,134.28
Shares Outstanding (M)216.56216.56216.56
Fair Value$25.89$27.09$28.33
Upside / Downside-38.88%-36.06%-33.13%

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