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

Miramar Hotel and Investment Company, Limited (0071.HK)

Company Dividend Discount ModelIndustry: Real Estate - ServicesSector: Real Estate

Valuation Snapshot

Stable Growth$19.07 - $28.30$23.48
Multi-Stage$47.99 - $52.89$50.39
Blended Fair Value$36.93
Current Price$9.52
Upside287.96%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-2.77%3.73%0.530.520.470.480.560.610.600.510.450.43
YoY Growth--1.92%10.64%-2.08%-14.29%-8.20%1.67%17.62%13.03%3.89%18.18%
Dividend Yield--5.82%4.91%3.86%3.75%4.31%3.89%3.94%3.27%2.78%3.17%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,665.68
(-) Cash Dividends Paid (M)725.51
(=) Cash Retained (M)940.17
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)333.14208.21124.93
Cash Retained (M)940.17940.17940.17
(-) Cash Required (M)-333.14-208.21-124.93
(=) Excess Retained (M)607.04731.96815.25
(/) Shares Outstanding (M)690.96690.96690.96
(=) Excess Retained per Share0.881.061.18
LTM Dividend per Share1.051.051.05
(+) Excess Retained per Share0.881.061.18
(=) Adjusted Dividend1.932.112.23
WACC / Discount Rate6.41%6.41%6.41%
Growth Rate-3.36%-2.36%-1.36%
Fair Value$19.07$23.48$28.30
Upside / Downside100.33%146.61%197.26%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,665.681,626.291,587.841,550.291,513.631,477.841,522.17
Payout Ratio43.56%52.85%62.13%71.42%80.71%90.00%92.50%
Projected Dividends (M)725.51859.41986.581,107.261,221.671,330.061,408.01

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.41%6.41%6.41%
Growth Rate-3.36%-2.36%-1.36%
Year 1 PV (M)799.39807.66815.94
Year 2 PV (M)853.59871.34889.28
Year 3 PV (M)891.09919.04947.57
Year 4 PV (M)914.50952.94992.59
Year 5 PV (M)926.09975.011,025.98
PV of Terminal Value (M)28,771.9030,291.7131,875.08
Equity Value (M)33,156.5534,817.7136,546.44
Shares Outstanding (M)690.96690.96690.96
Fair Value$47.99$50.39$52.89
Upside / Downside404.06%429.31%455.59%

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%