Definitive Analysis
Definitive Analysis

Financial Statements

Fundamentals

Valuations

Miscellaneous

Analysis Mode

Search

MFC Industrial Investment Property and Leasehold Fund (M-II.BK)

Company Dividend Discount ModelIndustry: Asset ManagementSector: Financial Services

Valuation Snapshot

Stable Growth$11.84 - $22.14$16.04
Multi-Stage$16.42 - $18.01$17.20
Blended Fair Value$16.62
Current Price$6.00
Upside177.02%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2023202220212020201920182017201620152014
DPS2.28%3.72%0.610.590.620.590.560.550.520.650.840.62
YoY Growth--2.69%-3.41%4.24%5.36%2.75%4.21%-19.50%-22.28%35.43%45.75%
Dividend Yield--10.80%8.08%7.99%8.14%8.00%6.41%6.19%6.91%9.04%6.17%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)135.46
(-) Cash Dividends Paid (M)60.20
(=) Cash Retained (M)75.26
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)27.0916.9310.16
Cash Retained (M)75.2675.2675.26
(-) Cash Required (M)-27.09-16.93-10.16
(=) Excess Retained (M)48.1758.3365.10
(/) Shares Outstanding (M)172.00172.00172.00
(=) Excess Retained per Share0.280.340.38
LTM Dividend per Share0.350.350.35
(+) Excess Retained per Share0.280.340.38
(=) Adjusted Dividend0.630.690.73
WACC / Discount Rate7.13%7.13%7.13%
Growth Rate1.72%2.72%3.72%
Fair Value$11.84$16.04$22.14
Upside / Downside97.35%167.38%269.06%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)135.46139.14142.92146.80150.79154.88159.53
Payout Ratio44.44%53.55%62.66%71.78%80.89%90.00%92.50%
Projected Dividends (M)60.2074.5189.56105.37121.97139.39147.56

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.13%7.13%7.13%
Growth Rate1.72%2.72%3.72%
Year 1 PV (M)68.8869.5670.23
Year 2 PV (M)76.5378.0479.56
Year 3 PV (M)83.2285.7088.23
Year 4 PV (M)89.0592.6196.26
Year 5 PV (M)94.0898.79103.70
PV of Terminal Value (M)2,412.682,533.632,659.39
Equity Value (M)2,824.442,958.333,097.38
Shares Outstanding (M)172.00172.00172.00
Fair Value$16.42$17.20$18.01
Upside / Downside173.69%186.66%200.13%

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%