Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Jacobson Pharma Corporation Limited (2633.HK)

Company Dividend Discount ModelIndustry: Drug Manufacturers - Specialty & GenericSector: Healthcare

Valuation Snapshot

Stable Growth$5.07 - $10.98$7.26
Multi-Stage$10.10 - $11.11$10.60
Blended Fair Value$8.93
Current Price$1.18
Upside656.40%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS-9.88%19.99%0.030.050.050.030.030.050.050.020.120.00
YoY Growth---36.36%-10.02%101.13%-18.18%-36.93%13.02%112.37%-82.55%13,195.83%-81.30%
Dividend Yield--2.59%8.27%5.49%4.08%3.37%3.64%2.86%1.18%7.66%0.05%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)539.58
(-) Cash Dividends Paid (M)197.63
(=) Cash Retained (M)341.95
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)107.9267.4540.47
Cash Retained (M)341.95341.95341.95
(-) Cash Required (M)-107.92-67.45-40.47
(=) Excess Retained (M)234.04274.51301.48
(/) Shares Outstanding (M)1,952.601,952.601,952.60
(=) Excess Retained per Share0.120.140.15
LTM Dividend per Share0.100.100.10
(+) Excess Retained per Share0.120.140.15
(=) Adjusted Dividend0.220.240.26
WACC / Discount Rate5.29%5.29%5.29%
Growth Rate0.90%1.90%2.90%
Fair Value$5.07$7.26$10.98
Upside / Downside330.02%514.86%830.33%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)539.58549.82560.26570.89581.72592.76610.54
Payout Ratio36.63%47.30%57.98%68.65%79.33%90.00%92.50%
Projected Dividends (M)197.63260.07324.81391.92461.45533.48564.75

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate5.29%5.29%5.29%
Growth Rate0.90%1.90%2.90%
Year 1 PV (M)244.57247.00249.42
Year 2 PV (M)287.25292.98298.75
Year 3 PV (M)325.94335.73345.71
Year 4 PV (M)360.90375.42390.38
Year 5 PV (M)392.37412.20432.83
PV of Terminal Value (M)18,110.2719,025.6919,977.77
Equity Value (M)19,721.3120,689.0221,694.86
Shares Outstanding (M)1,952.601,952.601,952.60
Fair Value$10.10$10.60$11.11
Upside / Downside755.93%797.93%841.59%

High-Yield Dividend Screener

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