Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Jioushun Construction Co., Ltd. (5547.TWO)

Company Dividend Discount ModelIndustry: Engineering & ConstructionSector: Industrials

Valuation Snapshot

Stable Growth$211.16 - $946.41$492.60
Multi-Stage$458.32 - $505.91$481.65
Blended Fair Value$487.12
Current Price$22.07
Upside2,107.17%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR202420232022202120202019
DPS0.74%0.00%1.051.410.800.090.971.020.000.000.000.00
YoY Growth---25.00%74.83%783.93%-90.67%-4.09%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--5.93%8.81%5.15%0.42%5.91%5.84%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)173.41
(-) Cash Dividends Paid (M)100.80
(=) Cash Retained (M)72.61
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)34.6821.6813.01
Cash Retained (M)72.6172.6172.61
(-) Cash Required (M)-34.68-21.68-13.01
(=) Excess Retained (M)37.9350.9359.60
(/) Shares Outstanding (M)34.1534.1534.15
(=) Excess Retained per Share1.111.491.75
LTM Dividend per Share2.952.952.95
(+) Excess Retained per Share1.111.491.75
(=) Adjusted Dividend4.064.444.70
WACC / Discount Rate0.64%0.64%0.64%
Growth Rate-1.26%-0.26%0.74%
Fair Value$211.16$492.60$946.41
Upside / Downside856.76%2,131.99%4,188.20%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)173.41172.96172.50172.06171.61171.16176.29
Payout Ratio58.13%64.50%70.88%77.25%83.63%90.00%92.50%
Projected Dividends (M)100.80111.56122.27132.92143.51154.04163.07

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate0.64%0.64%0.64%
Growth Rate-1.26%-0.26%0.74%
Year 1 PV (M)109.74110.85111.96
Year 2 PV (M)118.31120.72123.15
Year 3 PV (M)126.52130.40134.36
Year 4 PV (M)134.37139.90145.59
Year 5 PV (M)141.88149.21156.85
PV of Terminal Value (M)15,019.8215,795.9616,603.86
Equity Value (M)15,650.6416,447.0517,275.78
Shares Outstanding (M)34.1534.1534.15
Fair Value$458.32$481.65$505.91
Upside / Downside1,976.68%2,082.36%2,192.32%

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