Definitive Analysis | Institutional-Grade Financial Research
Definitive Analysis
Get Full Access
See Pricing Start Free Trial

China Railway Construction Corporation Limited (601186.SS)

Company Dividend Discount ModelIndustry: Engineering & ConstructionSector: Industrials

Valuation Snapshot

Stable Growth$58.60 - $325.23$112.46
Multi-Stage$47.69 - $52.21$49.91
Blended Fair Value$81.18
Current Price$7.85
Upside934.18%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS50.91%6.65%1.641.440.250.230.210.210.930.870.760.85
YoY Growth--14.33%484.47%6.96%9.52%0.00%-77.46%7.47%13.88%-10.59%-1.38%
Dividend Yield--20.76%16.53%2.73%3.00%2.62%2.14%7.99%8.85%5.86%7.59%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)22,511.90
(-) Cash Dividends Paid (M)14,496.84
(=) Cash Retained (M)8,015.05
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)4,502.382,813.991,688.39
Cash Retained (M)8,015.058,015.058,015.05
(-) Cash Required (M)-4,502.38-2,813.99-1,688.39
(=) Excess Retained (M)3,512.675,201.076,326.66
(/) Shares Outstanding (M)13,579.5413,579.5413,579.54
(=) Excess Retained per Share0.260.380.47
LTM Dividend per Share1.071.071.07
(+) Excess Retained per Share0.260.380.47
(=) Adjusted Dividend1.331.451.53
WACC / Discount Rate6.40%6.40%6.40%
Growth Rate4.05%5.05%6.05%
Fair Value$58.60$112.46$325.23
Upside / Downside646.44%1,332.60%4,043.09%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)22,511.9023,647.9324,841.2926,094.8727,411.7128,795.0129,658.86
Payout Ratio64.40%69.52%74.64%79.76%84.88%90.00%92.50%
Projected Dividends (M)14,496.8416,439.3518,541.0020,812.8923,266.8625,915.5127,434.45

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.40%6.40%6.40%
Growth Rate4.05%5.05%6.05%
Year 1 PV (M)15,303.2515,450.3315,597.41
Year 2 PV (M)16,066.8616,377.1816,690.47
Year 3 PV (M)16,789.1717,277.9217,776.07
Year 4 PV (M)17,471.6318,153.0718,854.24
Year 5 PV (M)18,115.6719,003.1219,925.02
PV of Terminal Value (M)563,825.67591,446.45620,139.25
Equity Value (M)647,572.25677,708.07708,982.46
Shares Outstanding (M)13,579.5413,579.5413,579.54
Fair Value$47.69$49.91$52.21
Upside / Downside507.48%535.75%565.09%

High-Yield Dividend Screener

Page 1 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
ATOM3.SAAtom Empreendimentos e Participações S.A.19.90%$0.5871.92%
3698.HKHuishang Bank Corporation Limited19.56%$0.6428.80%
SVAV.MESollers Public Joint Stock Company19.34%$110.6440.44%
0536.HKTradelink Electronic Commerce Limited19.33%$0.2086.09%
3658.HKNew Hope Service Holdings Limited19.28%$0.3766.51%
0123.HKYuexiu Property Company Limited19.19%$0.7790.88%
0N7I.LCairo Communication S.p.A.19.19%$0.3654.94%
1798.HKChina Datang Corporation Renewable Power Co., Limited19.01%$0.4063.00%
LBS.TOLife & Banc Split Corp.19.00%$2.2540.31%
HMSB.DEH & M Hennes & Mauritz AB (publ)18.98%$3.2647.98%
0608.HKHigh Fashion International Limited18.79%$0.3150.08%
0U8N.LCredicorp Ltd.18.72%$53.8266.14%
CAASChina Automotive Systems, Inc.18.61%$0.8072.30%
KRSB.MEPJSC Krasnoyarskenergosbyt18.38%$4.0782.55%
1127.HKLion Rock Group Limited18.37%$0.2547.23%
HAVAS.ASHavas S.A.18.35%$3.1490.23%
1480.HKYan Tat Group Holdings Limited18.33%$0.2249.33%
NA-PC.TONational Bank of Canada18.32%$4.9348.59%
1412.HKQ P Group Holdings Limited18.24%$0.2973.74%
FVJ.FFortescue Metals Group Limited18.16%$2.2776.64%
YATO.MCAtom Hoteles SOCIMI, S.A.18.06%$2.8568.99%
0327.HKPAX Global Technology Limited17.98%$0.9261.66%
1MO.FHello Group Inc.17.92%$1.0440.52%
PIN.BKPinthong Industrial Park Public Company Limited17.92%$0.7680.79%
1883.HKCITIC Telecom International Holdings Limited17.86%$0.4487.51%
6896.HKGolden Throat Holdings Group Company Limited17.79%$0.5576.14%
VOT.WAVotum S.A.17.65%$8.1559.83%
ALTUR.PAAltur Investissement SCA, SCR17.58%$1.9337.11%
O7F1.FOdfjell SE17.55%$1.7873.02%
2219.HKChaoju Eye Care Holdings Limited17.38%$0.4784.16%
001390.KSKG Chemical Corporation17.24%$884.5197.69%
2360.HKBest Mart 360 Holdings Limited17.23%$0.3582.20%
ALSAS.PAStradim Espace Finances S.A.17.16%$0.8055.65%
9615.SRMufeed Company17.11%$5.3935.54%
LPPF.JKPT Matahari Department Store Tbk17.09%$300.0082.85%
0LNT.LFugro N.V.17.06%$1.5239.50%
0458.HKTristate Holdings Limited17.02%$0.3133.15%
2283.HKTK Group (Holdings) Limited16.99%$0.4372.10%
1263.HKPC Partner Group Limited16.85%$0.9063.10%
2603.TWEvergreen Marine Corporation (Taiwan) Ltd.16.83%$32.4977.53%
ALHRG.PAHerige16.78%$3.6697.55%
TD-PFJ.TOThe Toronto-Dominion Bank NCUM 5Y PFD SR1816.67%$4.3836.07%
S7MB.BESecuritas AB (publ)16.59%$2.2523.09%
1184.HKS.A.S. Dragon Holdings Limited16.56%$0.7552.32%
PBR-APetróleo Brasileiro S.A. - Petrobras16.54%$1.8786.52%
VRLA.PAVerallia S.A.16.47%$3.8397.79%
6668.HKE-Star Commercial Management Company Limited16.42%$0.2372.71%
0098.HKXingfa Aluminium Holdings Limited16.13%$1.1729.94%
ING.AXInghams Group Limited16.09%$0.4179.67%
1234.HKChina Lilang Limited16.04%$0.5466.61%