Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Jonjee Hi-tech Industrial & Commercial Holding Co., Ltd. (600872.SS)

Company Dividend Discount ModelIndustry: Real Estate - ServicesSector: Real Estate

Valuation Snapshot

Stable Growth$16.24 - $34.09$22.97
Multi-Stage$19.92 - $21.88$20.88
Blended Fair Value$21.92
Current Price$18.36
Upside19.41%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS3.97%16.22%0.380.000.300.700.290.310.190.140.100.11
YoY Growth--36,830.57%-99.66%-57.30%142.86%-6.61%66.56%28.57%40.00%-9.09%35.80%
Dividend Yield--1.83%0.00%0.81%2.50%0.60%0.65%0.51%0.62%0.65%0.88%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)696.75
(-) Cash Dividends Paid (M)13.41
(=) Cash Retained (M)683.34
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)139.3587.0952.26
Cash Retained (M)683.34683.34683.34
(-) Cash Required (M)-139.35-87.09-52.26
(=) Excess Retained (M)543.99596.24631.08
(/) Shares Outstanding (M)769.98769.98769.98
(=) Excess Retained per Share0.710.770.82
LTM Dividend per Share0.020.020.02
(+) Excess Retained per Share0.710.770.82
(=) Adjusted Dividend0.720.790.84
WACC / Discount Rate6.89%6.89%6.89%
Growth Rate2.33%3.33%4.33%
Fair Value$16.24$22.97$34.09
Upside / Downside-11.55%25.12%85.68%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)696.75719.98743.97768.77794.40820.88845.50
Payout Ratio1.93%19.54%37.16%54.77%72.39%90.00%92.50%
Projected Dividends (M)13.41140.68276.42421.06575.03738.79782.09

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.89%6.89%6.89%
Growth Rate2.33%3.33%4.33%
Year 1 PV (M)130.34131.61132.88
Year 2 PV (M)237.26241.91246.62
Year 3 PV (M)334.81344.72354.83
Year 4 PV (M)423.61440.41457.71
Year 5 PV (M)504.22529.34555.45
PV of Terminal Value (M)13,704.3214,387.1315,096.89
Equity Value (M)15,334.5516,075.1316,844.38
Shares Outstanding (M)769.98769.98769.98
Fair Value$19.92$20.88$21.88
Upside / Downside8.47%13.71%19.15%

High-Yield Dividend Screener

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