Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Goodbaby International Holdings Limited (1086.HK)

Company Dividend Discount ModelIndustry: LeisureSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$2.92 - $4.29$3.58
Multi-Stage$5.06 - $5.57$5.31
Blended Fair Value$4.45
Current Price$1.05
Upside323.34%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%0.000.000.000.000.000.000.050.030.030.00
YoY Growth--0.00%0.00%0.00%0.00%0.00%-100.00%49.24%0.37%0.00%-100.00%
Dividend Yield--0.00%0.00%0.00%0.00%0.00%0.00%2.02%0.76%0.90%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)639.72
(-) Cash Dividends Paid (M)116.78
(=) Cash Retained (M)522.94
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)127.9479.9647.98
Cash Retained (M)522.94522.94522.94
(-) Cash Required (M)-127.94-79.96-47.98
(=) Excess Retained (M)395.00442.98474.96
(/) Shares Outstanding (M)1,675.711,675.711,675.71
(=) Excess Retained per Share0.240.260.28
LTM Dividend per Share0.070.070.07
(+) Excess Retained per Share0.240.260.28
(=) Adjusted Dividend0.310.330.35
WACC / Discount Rate8.24%8.24%8.24%
Growth Rate-2.00%-1.00%0.00%
Fair Value$2.92$3.58$4.29
Upside / Downside178.43%240.94%308.26%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)639.72633.32626.99620.72614.51608.37626.62
Payout Ratio18.25%32.60%46.95%61.30%75.65%90.00%92.50%
Projected Dividends (M)116.78206.48294.39380.51464.88547.53579.62

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.24%8.24%8.24%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)188.84190.77192.70
Year 2 PV (M)246.23251.28256.38
Year 3 PV (M)291.07300.08309.26
Year 4 PV (M)325.23338.71352.60
Year 5 PV (M)350.32368.56387.56
PV of Terminal Value (M)7,080.357,449.047,832.94
Equity Value (M)8,482.058,898.449,331.44
Shares Outstanding (M)1,675.711,675.711,675.71
Fair Value$5.06$5.31$5.57
Upside / Downside382.07%405.74%430.35%

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