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Definitive Analysis

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Page: Dividend Discount Model

China Datang Corporation Renewable Power Co., Limited

Ticker: 1798.HK | Industry: Renewable Utilities | Sector: Utilities
$2.08 0.00 (0.00%)
As of: 2026-01-23

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Dividend Discount Models Snapshot

ModelRangeSelected
Stable Growth DDM$10.82 - $23.39$15.23
Multi-Stage DDM$4.68 - $5.11$4.89
Blended Fair Value$10.06
Stock Price$2.18

Dividend History (Last 10 Years)

Metric2024202320222021202020192018201720162015
DPS0.1650.0500.0300.0300.0300.0200.0180.0120.0190.016
YoY %230.09%66.67%0.00%0.00%50.00%11.11%50.00%-36.18%17.90%431.60%
Yield7.571%2.294%1.376%1.376%1.376%0.917%0.826%0.550%0.862%0.732%

CAGRValue
5 Year52.52%
10 Year49.30%

Discounted Dividend Model - Stable Growth

MetricRangeSelected
LT Growth4.86% to 6.86%5.86%
WACC9.00%9.00%
Fair Value$10.82 - $23.39$15.23

Calculation Details (Millions)

MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(*) Adjusted Net Income2,377.952,377.952,377.95
(=) Cash Required475.59297.24178.35
Cash Retained2,377.952,377.952,377.95
(-) Cash Required-475.59-297.24-178.35
(=) Excess Retained1,902.362,080.712,199.61
(/) Shares Outstanding7,273,701,0007,273,701,0007,273,701,000
(=) Excess Retained per Share0.260.290.30
LTM Dividend per Share0.1650.1650.165
(+) Excess Retained per Share0.260.290.30
(=) Adjusted Dividend0.4270.4510.467

Multi-Stage Projections (BASE Case - Millions)

MetricTTMYear 1Year 2Year 3Year 4Year 5
Net Income2,377.952,517.392,665.012,821.292,986.723,161.86
Payout Ratio50.5%25.0%41.0%57.0%73.0%90.0%
Projected Dividends1,200.49629.351,092.651,608.132,180.312,845.68

Multi-Stage Valuation (Millions)

Present ValuesLOWBASEHIGH
Year 1 PV597.11602.81608.50
Year 2 PV942.11960.16978.38
Year 3 PV1,260.061,296.451,333.54
Year 4 PV1,552.521,612.591,674.39
Year 5 PV1,841.441,930.932,023.87
TV PV27,813.4029,165.1030,568.85
Equity Value34,006.6335,568.0437,187.53
Fair Value$4.68$4.89$5.11
Stock Price$2.18$2.18$2.18

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