Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Jiashili Group Limited (1285.HK)

Company Dividend Discount ModelIndustry: Packaged FoodsSector: Consumer Defensive

Valuation Snapshot

Stable Growth$3.40 - $6.14$4.55
Multi-Stage$6.16 - $6.76$6.45
Blended Fair Value$5.50
Current Price$0.89
Upside515.18%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.78%3.98%0.090.040.040.120.040.090.130.130.130.05
YoY Growth--107.59%2.20%-65.54%178.15%-48.88%-30.12%-5.48%4.50%167.20%-22.96%
Dividend Yield--8.43%3.05%4.91%10.93%3.39%6.30%7.94%8.40%4.74%1.42%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)101.40
(-) Cash Dividends Paid (M)56.01
(=) Cash Retained (M)45.38
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)20.2812.677.60
Cash Retained (M)45.3845.3845.38
(-) Cash Required (M)-20.28-12.67-7.60
(=) Excess Retained (M)25.1032.7137.78
(/) Shares Outstanding (M)415.00415.00415.00
(=) Excess Retained per Share0.060.080.09
LTM Dividend per Share0.130.130.13
(+) Excess Retained per Share0.060.080.09
(=) Adjusted Dividend0.200.210.23
WACC / Discount Rate6.28%6.28%6.28%
Growth Rate0.50%1.50%2.50%
Fair Value$3.40$4.55$6.14
Upside / Downside280.62%408.52%586.75%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)101.40102.92104.46106.03107.63109.24112.52
Payout Ratio55.24%62.19%69.14%76.10%83.05%90.00%92.50%
Projected Dividends (M)56.0164.0172.2380.6989.3898.32104.08

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.28%6.28%6.28%
Growth Rate0.50%1.50%2.50%
Year 1 PV (M)59.6460.2360.82
Year 2 PV (M)62.7063.9565.22
Year 3 PV (M)65.2567.2269.23
Year 4 PV (M)67.3570.0772.87
Year 5 PV (M)69.0272.5276.17
PV of Terminal Value (M)2,230.722,343.932,461.69
Equity Value (M)2,554.682,677.932,806.00
Shares Outstanding (M)415.00415.00415.00
Fair Value$6.16$6.45$6.76
Upside / Downside588.60%621.83%656.35%

High-Yield Dividend Screener

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