Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Texhong Textile Group Limited (2678.HK)

Company Dividend Discount ModelIndustry: Apparel - ManufacturersSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$13.79 - $21.41$17.31
Multi-Stage$30.92 - $34.11$32.48
Blended Fair Value$24.90
Current Price$3.54
Upside603.34%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-22.94%-9.71%0.090.000.830.570.140.330.370.430.250.16
YoY Growth--0.00%-100.00%45.27%320.84%-59.19%-9.73%-14.09%74.95%58.12%-38.21%
Dividend Yield--2.42%0.00%15.12%6.85%2.44%4.27%4.72%4.95%2.62%3.18%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,343.87
(-) Cash Dividends Paid (M)83.47
(=) Cash Retained (M)1,260.39
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)268.77167.98100.79
Cash Retained (M)1,260.391,260.391,260.39
(-) Cash Required (M)-268.77-167.98-100.79
(=) Excess Retained (M)991.621,092.411,159.60
(/) Shares Outstanding (M)918.00918.00918.00
(=) Excess Retained per Share1.081.191.26
LTM Dividend per Share0.090.090.09
(+) Excess Retained per Share1.081.191.26
(=) Adjusted Dividend1.171.281.35
WACC / Discount Rate6.33%6.33%6.33%
Growth Rate-1.99%-0.99%0.01%
Fair Value$13.79$17.31$21.41
Upside / Downside289.48%389.09%504.83%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,343.871,330.561,317.391,304.341,291.431,278.641,317.00
Payout Ratio6.21%22.97%39.73%56.48%73.24%90.00%92.50%
Projected Dividends (M)83.47305.62523.36736.75945.871,150.781,218.22

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.33%6.33%6.33%
Growth Rate-1.99%-0.99%0.01%
Year 1 PV (M)284.51287.41290.31
Year 2 PV (M)453.55462.86472.25
Year 3 PV (M)594.39612.77631.52
Year 4 PV (M)710.39739.82770.17
Year 5 PV (M)804.58846.47890.09
PV of Terminal Value (M)25,540.2726,870.0828,254.71
Equity Value (M)28,387.6929,819.4131,309.06
Shares Outstanding (M)918.00918.00918.00
Fair Value$30.92$32.48$34.11
Upside / Downside773.54%817.60%863.44%

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%