Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Zhejiang Wanma Co., Ltd. (002276.SZ)

Company Dividend Discount ModelIndustry: Electrical Equipment & PartsSector: Industrials

Valuation Snapshot

Stable Growth$81.52 - $96.09$90.03
Multi-Stage$49.75 - $54.72$52.19
Blended Fair Value$71.11
Current Price$18.12
Upside292.45%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS1.00%0.58%0.100.120.100.060.080.100.080.160.140.09
YoY Growth---13.33%15.01%72.03%-26.98%-16.04%22.72%-50.65%17.77%50.57%-6.14%
Dividend Yield--0.72%1.26%1.02%0.87%1.21%1.20%1.10%2.06%1.04%0.44%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)498.07
(-) Cash Dividends Paid (M)74.71
(=) Cash Retained (M)423.36
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)99.6162.2637.36
Cash Retained (M)423.36423.36423.36
(-) Cash Required (M)-99.61-62.26-37.36
(=) Excess Retained (M)323.74361.10386.00
(/) Shares Outstanding (M)1,007.481,007.481,007.48
(=) Excess Retained per Share0.320.360.38
LTM Dividend per Share0.070.070.07
(+) Excess Retained per Share0.320.360.38
(=) Adjusted Dividend0.400.430.46
WACC / Discount Rate2.57%2.57%2.57%
Growth Rate3.06%4.06%5.06%
Fair Value$81.52$90.03$96.09
Upside / Downside349.91%396.86%430.30%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)498.07518.31539.38561.30584.12607.86626.09
Payout Ratio15.00%30.00%45.00%60.00%75.00%90.00%92.50%
Projected Dividends (M)74.71155.49242.72336.78438.09547.07579.14

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate2.57%2.57%2.57%
Growth Rate3.06%4.06%5.06%
Year 1 PV (M)150.14151.60153.05
Year 2 PV (M)226.29230.70235.16
Year 3 PV (M)303.17312.08321.17
Year 4 PV (M)380.79395.78411.22
Year 5 PV (M)459.14481.85505.46
PV of Terminal Value (M)48,605.3951,009.6153,508.03
Equity Value (M)50,124.9352,581.6355,134.08
Shares Outstanding (M)1,007.481,007.481,007.48
Fair Value$49.75$52.19$54.72
Upside / Downside174.57%188.03%202.01%

High-Yield Dividend Screener

« Prev Page 10 of 30 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
ESPEspey Mfg. & Electronics Corp.3.53%$1.6554.01%
F-PCFord Motor Company 6% Notes due3.53%$0.7463.45%
TECTPTectonic Financial, Inc.3.53%$0.3879.28%
AMFCXAmerican Funds American Mutual Fund3.52%$2.0690.87%
CRCCalifornia Resources Corporation3.52%$1.6435.94%
FAFFirst American Financial Corporation3.51%$2.1446.13%
GICGlobal Industrial Company3.51%$1.0358.36%
0R0G.LMondelez International, Inc.3.50%$1.8969.92%
DCPDCP Midstream, LP3.50%$1.4634.00%
LWLamb Weston Holdings, Inc.3.50%$1.4870.35%
WSOWatsco, Inc.3.50%$12.1683.88%
0QYY.LHarley-Davidson, Inc.3.49%$0.7217.57%
LKFNLakeland Financial Corporation3.49%$1.9752.13%
TRSTTrustCo Bank Corp NY3.49%$1.4448.14%
OMCOmnicom Group Inc.3.47%$2.8341.26%
PROVProvident Financial Holdings, Inc.3.47%$0.5561.73%
UTLUnitil Corporation3.47%$1.7061.75%
BF-ABrown-Forman Corporation3.45%$0.9152.84%
COFSChoiceOne Financial Services, Inc.3.45%$1.0070.38%
FCBPFirst Choice Bancorp3.45%$1.0034.34%
NXSTNexstar Media Group, Inc.3.45%$7.2042.75%
STBAS&T Bancorp, Inc.3.45%$1.3529.75%
VABKVirginia National Bankshares Corporation3.45%$1.3755.94%
F-PBFord Motor Company 6.20% Notes3.44%$0.7463.45%
0K3B.LThe Mosaic Company3.43%$0.8722.53%
CPFCentral Pacific Financial Corp.3.43%$1.0743.87%
CTBICommunity Trust Bancorp, Inc.3.43%$1.9337.41%
IIINInsteel Industries, Inc.3.43%$1.1153.05%
JJSFJ&J Snack Foods Corp.3.43%$3.1192.62%
TMPTompkins Financial Corporation3.43%$2.4942.22%
ALRSAlerus Financial Corporation3.41%$0.7739.09%
CNXCConcentrix Corporation3.41%$1.4028.16%
FBPFirst BanCorp.3.41%$0.7134.06%
GLOClough Global Opportunities Fund3.41%$0.1915.90%
OPBKOP Bancorp3.41%$0.4830.19%
PHXPHX Minerals Inc.3.39%$0.1581.44%
WHGWestwood Holdings Group, Inc.3.39%$0.6073.76%
SCVLShoe Carnival, Inc.3.38%$0.5928.17%
OGSONE Gas, Inc.3.37%$2.6161.93%
VALUValue Line, Inc.3.36%$1.2555.36%
WTRGEssential Utilities, Inc.3.36%$1.3054.79%
AVNTAvient Corporation3.35%$1.0686.14%
KTBKontoor Brands, Inc.3.35%$2.0653.00%
VCTRVictory Capital Holdings, Inc.3.35%$2.1548.89%
WAFDWaFd, Inc.3.35%$1.0837.44%
PBProsperity Bancshares, Inc.3.34%$2.3241.44%
PFGPrincipal Financial Group, Inc.3.34%$2.9943.04%
EVBNEvans Bancorp, Inc.3.33%$1.3160.97%
NFYSEnphys Acquisition Corp.3.33%$0.3768.70%
KMPRKemper Corporation3.32%$1.3132.45%