Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

China Three Gorges Renewables (Group) Co.,Ltd. (600905.SS)

Company Dividend Discount ModelIndustry: Renewable UtilitiesSector: Utilities

Valuation Snapshot

Stable Growth$15.86 - $37.06$34.73
Multi-Stage$5.56 - $6.08$5.82
Blended Fair Value$20.28
Current Price$4.25
Upside377.09%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162010
DPS5.52%52.71%0.230.220.170.150.090.180.050.060.040.00
YoY Growth--5.72%29.11%8.75%72.85%-49.01%253.70%-10.07%42.17%1,333.56%-18.67%
Dividend Yield--5.43%4.63%3.07%2.52%2.35%4.60%1.30%1.45%1.02%0.07%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)5,331.07
(-) Cash Dividends Paid (M)3,253.32
(=) Cash Retained (M)2,077.76
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1,066.21666.38399.83
Cash Retained (M)2,077.762,077.762,077.76
(-) Cash Required (M)-1,066.21-666.38-399.83
(=) Excess Retained (M)1,011.541,411.371,677.92
(/) Shares Outstanding (M)28,605.0128,605.0128,605.01
(=) Excess Retained per Share0.040.050.06
LTM Dividend per Share0.110.110.11
(+) Excess Retained per Share0.040.050.06
(=) Adjusted Dividend0.150.160.17
WACC / Discount Rate6.49%6.49%6.49%
Growth Rate5.50%6.50%7.50%
Fair Value$15.86$34.73$37.06
Upside / Downside273.29%717.28%772.10%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)5,331.075,677.596,046.646,439.676,858.257,304.037,523.15
Payout Ratio61.03%66.82%72.62%78.41%84.21%90.00%92.50%
Projected Dividends (M)3,253.323,793.794,390.795,049.365,775.006,573.636,958.92

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.49%6.49%6.49%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)3,529.083,562.533,595.99
Year 2 PV (M)3,799.433,871.803,944.85
Year 3 PV (M)4,064.444,181.114,300.00
Year 4 PV (M)4,324.184,490.484,661.52
Year 5 PV (M)4,578.744,799.895,029.51
PV of Terminal Value (M)138,827.29145,532.70152,494.74
Equity Value (M)159,123.16166,438.52174,026.61
Shares Outstanding (M)28,605.0128,605.0128,605.01
Fair Value$5.56$5.82$6.08
Upside / Downside30.89%36.91%43.15%

High-Yield Dividend Screener

« Prev Page 10 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
BNGA.JKPT Bank CIMB Niaga Tbk8.91%$157.7256.96%
QIGD.QAQatari Investors Group Q.S.C.8.91%$0.1397.17%
MCS-R.BKM.C.S. Steel Public Company Limited8.90%$0.7434.29%
0QR1.LSchweiter Technologies AG8.89%$22.4090.72%
0816.HKJinmao Property Services Co., Limited8.88%$0.2355.27%
3492.TMIRARTH Real Estate Investment Corporation8.88%$8,301.0988.12%
3998.HKBosideng International Holdings Limited8.86%$0.4070.17%
PJP.WAPJP Makrum S.A.8.86%$1.4265.03%
603565.SSShanghai Zhonggu Logistics Co., Ltd.8.84%$0.8987.23%
ALVAP.PAKumulus Vape S.A.8.83%$0.3724.09%
IPS.PAIpsos S.A.8.83%$2.9938.93%
RFF.AXRural Funds Group8.83%$0.1715.19%
KOV.AXKorvest Ltd8.81%$1.2460.47%
0QUS.LG5 Entertainment AB (publ)8.80%$8.0594.74%
9620.SRBalsm Alofoq Medical Co.8.80%$2.4063.98%
PPM.AXPepper Money Limited8.80%$0.2044.77%
VK.PAVallourec S.A.8.80%$1.4183.22%
BBNI.JKPT Bank Negara Indonesia (Persero) Tbk8.79%$374.4666.86%
KJL.BKKijcharoen Engineering Electric Public Company Limited8.79%$0.5473.06%
0856.HKVSTECS Holdings Limited8.78%$0.7147.24%
BA-R.BKBangkok Airways Public Company Limited8.78%$1.3083.23%
PFRM3.SAProfarma Distribuidora de Produtos Farmacêuticos S.A.8.78%$0.7478.88%
0001.HKCK Hutchison Holdings Limited8.77%$4.7359.96%
NOBLE-R.BKNoble Development Public Company Limited8.75%$0.1927.34%
RANA.OLRana Gruber ASA8.75%$6.7583.80%
PDG.BKProdigy Public Company Limited8.74%$0.2690.35%
WHC.AXWhitehaven Coal Limited8.74%$0.6856.57%
DLTA.JKPT Delta Djakarta Tbk8.73%$175.4299.09%
8371.HKTaste Gourmet Group Limited8.70%$0.1853.44%
TRAN.BACompañía de Transporte de Energía Eléctrica en Alta Tensión Transener S.A.8.70%$301.7991.83%
0257.HKChina Everbright Environment Group Limited8.69%$0.4235.73%
EMB.AXEmbelton Limited8.69%$0.7069.10%
HP3A.DERingmetall SE8.69%$0.2438.33%
RDTX.JKPT Roda Vivatex Tbk8.69%$1,103.9395.63%
S56.SISamudera Shipping Line Ltd8.69%$0.1060.61%
1307.TWSan Fang Chemical Industry Co., Ltd.8.68%$2.7091.10%
ASIZ.LAberforth Split Level Income ZDP 20248.68%$11.0447.29%
PIC.AXPerpetual Equity Investment Company Limited8.68%$0.1197.90%
CPHN.SWCPH Chemie + Papier Holding AG8.66%$5.9989.84%
JIN.AXJumbo Interactive Limited8.66%$0.9974.11%
PM-R.BKPremier Marketing Public Company Limited8.66%$1.0390.60%
0546.HKFufeng Group Limited8.65%$0.7030.72%
ITB.DEImperial Brands PLC8.65%$3.0955.77%
LOGG3.SALOG Commercial Properties e Participações S.A.8.64%$2.1949.79%
5547.TWOJioushun Construction Co., Ltd.8.63%$2.2658.13%
TWD.AXTamawood Limited8.62%$0.2480.43%
UNITED.HEUnited Bankers Oyj8.60%$1.6153.91%
DDR.AXDicker Data Limited8.58%$0.8796.73%
PATO.BKPato Chemical Industry Public Company Limited8.58%$0.6098.05%
0371.HKBeijing Enterprises Water Group Limited8.56%$0.2164.00%