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Definitive Analysis

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Page: Dividend Discount Model

China Lilang Limited

Ticker: 1234.HK | Industry: Apparel - Manufacturers | Sector: Consumer Cyclical
$3.31 -0.01 (-0.30%)
As of: 2026-01-23

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Dividend Discount Models Snapshot

ModelRangeSelected
Stable Growth DDM$16.37 - $34.97$22.83
Multi-Stage DDM$5.51 - $6.03$5.76
Blended Fair Value$14.30
Stock Price$3.41

Dividend History (Last 10 Years)

Metric2024202320222021202020192018201720162015
DPS0.3330.2910.2850.3720.4350.5110.4130.3490.3570.342
YoY %14.25%2.24%-23.55%-14.41%-14.81%23.63%18.39%-2.16%4.19%12.51%
Yield9.752%8.535%8.349%10.920%12.758%14.976%12.113%10.232%10.458%10.037%

CAGRValue
5 Year-8.22%
10 Year0.89%

Discounted Dividend Model - Stable Growth

MetricRangeSelected
LT Growth4.90% to 6.90%5.90%
WACC9.00%9.00%
Fair Value$16.37 - $34.97$22.83

Calculation Details (Millions)

MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(*) Adjusted Net Income460.80460.80460.80
(=) Cash Required92.1657.6034.56
Cash Retained460.80460.80460.80
(-) Cash Required-92.16-57.60-34.56
(=) Excess Retained368.64403.20426.24
(/) Shares Outstanding1,197,485,0001,197,485,0001,197,485,000
(=) Excess Retained per Share0.310.340.36
LTM Dividend per Share0.3330.3330.333
(+) Excess Retained per Share0.310.340.36
(=) Adjusted Dividend0.6400.6690.688

Multi-Stage Projections (BASE Case - Millions)

MetricTTMYear 1Year 2Year 3Year 4Year 5
Net Income460.80487.97516.74547.20579.46613.62
Payout Ratio86.4%25.0%41.0%57.0%73.0%90.0%
Projected Dividends398.20121.99211.86311.90423.01552.26

Multi-Stage Valuation (Millions)

Present ValuesLOWBASEHIGH
Year 1 PV115.74116.85117.95
Year 2 PV182.67186.17189.70
Year 3 PV244.40251.45258.64
Year 4 PV301.21312.86324.85
Year 5 PV357.37374.74392.77
TV PV5,397.845,660.085,932.43
Equity Value6,599.236,902.157,216.34
Fair Value$5.51$5.76$6.03
Stock Price$3.41$3.41$3.41

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