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Definitive Analysis

Financial Statements

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Ticker

Industry

Sector

Page: Dividend Discount Model

Tradelink Electronic Commerce Limited

Ticker: 0536.HK | Industry: Software - Application | Sector: Technology
$1.07 +0.01 (0.94%)
As of: 2026-01-23

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Dividend Discount Models Snapshot

ModelRangeSelected
Stable Growth DDM$1.33 - $1.71$1.51
Multi-Stage DDM$0.87 - $0.95$0.91
Blended Fair Value$1.21
Stock Price$1.03

Dividend History (Last 10 Years)

Metric2024202320222021202020192018201720162015
DPS0.1000.1110.0830.1000.0840.0930.0980.0950.1040.122
YoY %-10.07%34.30%-17.58%18.89%-9.14%-5.10%3.17%-8.64%-14.75%24.57%
Yield9.709%10.796%8.039%9.754%8.204%9.029%9.515%9.223%10.095%11.841%

CAGRValue
5 Year1.46%
10 Year0.21%

Discounted Dividend Model - Stable Growth

MetricRangeSelected
LT Growth-3.32% to -1.32%-2.32%
WACC9.98%9.98%
Fair Value$1.33 - $1.71$1.51

Calculation Details (Millions)

MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(*) Adjusted Net Income81.9681.9681.96
(=) Cash Required16.3910.246.15
Cash Retained81.9681.9681.96
(-) Cash Required-16.39-10.24-6.15
(=) Excess Retained65.5771.7175.81
(/) Shares Outstanding794,634,000794,634,000794,634,000
(=) Excess Retained per Share0.080.090.10
LTM Dividend per Share0.1000.1000.100
(+) Excess Retained per Share0.080.090.10
(=) Adjusted Dividend0.1830.1900.195

Multi-Stage Projections (BASE Case - Millions)

MetricTTMYear 1Year 2Year 3Year 4Year 5
Net Income81.9680.0578.1976.3874.6072.87
Payout Ratio97.0%25.0%41.0%57.0%73.0%90.0%
Projected Dividends79.4620.0132.0643.5454.4665.58

Multi-Stage Valuation (Millions)

Present ValuesLOWBASEHIGH
Year 1 PV18.8919.0819.28
Year 2 PV27.2327.8028.37
Year 3 PV33.2834.3235.39
Year 4 PV37.4739.0440.67
Year 5 PV40.6142.7544.99
TV PV530.90558.93588.14
Equity Value688.38721.93756.83
Fair Value$0.87$0.91$0.95
Stock Price$1.03$1.03$1.03

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