Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Skyworth Group Limited (0751.HK)

Company Dividend Discount ModelIndustry: Consumer ElectronicsSector: Technology

Valuation Snapshot

Stable Growth$114.70 - $135.14$126.65
Multi-Stage$82.68 - $90.73$86.63
Blended Fair Value$106.64
Current Price$3.07
Upside3,373.53%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201820172016
DPS9.56%0.68%0.190.130.300.040.040.120.160.070.150.14
YoY Growth--45.61%-56.66%713.10%-12.50%-64.84%-25.37%128.63%-52.51%3.60%-19.23%
Dividend Yield--5.88%4.26%9.97%0.66%1.92%5.24%9.36%1.96%3.00%2.22%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,575.11
(-) Cash Dividends Paid (M)850.37
(=) Cash Retained (M)724.74
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)315.02196.89118.13
Cash Retained (M)724.74724.74724.74
(-) Cash Required (M)-315.02-196.89-118.13
(=) Excess Retained (M)409.71527.85606.60
(/) Shares Outstanding (M)2,313.682,313.682,313.68
(=) Excess Retained per Share0.180.230.26
LTM Dividend per Share0.370.370.37
(+) Excess Retained per Share0.180.230.26
(=) Adjusted Dividend0.540.600.63
WACC / Discount Rate1.04%1.04%1.04%
Growth Rate5.30%6.30%7.30%
Fair Value$114.70$126.65$135.14
Upside / Downside3,636.19%4,025.27%4,302.02%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,575.111,674.381,779.911,892.102,011.352,138.122,202.26
Payout Ratio53.99%61.19%68.39%75.60%82.80%90.00%92.50%
Projected Dividends (M)850.371,024.571,217.341,430.341,665.351,924.312,037.09

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate1.04%1.04%1.04%
Growth Rate5.30%6.30%7.30%
Year 1 PV (M)1,004.461,013.991,023.53
Year 2 PV (M)1,170.021,192.341,214.88
Year 3 PV (M)1,347.751,386.521,426.02
Year 4 PV (M)1,538.401,597.671,658.65
Year 5 PV (M)1,742.721,827.061,914.63
PV of Terminal Value (M)184,486.68193,414.47202,684.60
Equity Value (M)191,290.03200,432.06209,922.31
Shares Outstanding (M)2,313.682,313.682,313.68
Fair Value$82.68$86.63$90.73
Upside / Downside2,593.09%2,721.80%2,855.41%

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