Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

Fujian Expressway Development Co.,Ltd (600033.SS)

Company Dividend Discount ModelIndustry: Industrial - Infrastructure OperationsSector: Industrials

Valuation Snapshot

Stable Growth$3.13 - $5.05$3.99
Multi-Stage$6.83 - $7.53$7.17
Blended Fair Value$5.58
Current Price$3.36
Upside66.19%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-7.11%-3.57%0.180.150.150.100.110.260.210.250.210.26
YoY Growth--21.16%0.00%50.00%-10.02%-57.71%25.19%-16.74%22.04%-19.62%-1.66%
Dividend Yield--4.72%4.49%5.15%3.44%4.09%9.63%6.05%7.20%5.37%7.41%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)809.15
(-) Cash Dividends Paid (M)222.80
(=) Cash Retained (M)586.35
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)161.83101.1460.69
Cash Retained (M)586.35586.35586.35
(-) Cash Required (M)-161.83-101.14-60.69
(=) Excess Retained (M)424.52485.21525.67
(/) Shares Outstanding (M)2,744.402,744.402,744.40
(=) Excess Retained per Share0.150.180.19
LTM Dividend per Share0.080.080.08
(+) Excess Retained per Share0.150.180.19
(=) Adjusted Dividend0.240.260.27
WACC / Discount Rate6.21%6.21%6.21%
Growth Rate-1.23%-0.23%0.77%
Fair Value$3.13$3.99$5.05
Upside / Downside-6.85%18.89%50.26%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)809.15807.28805.42803.56801.70799.85823.85
Payout Ratio27.53%40.03%52.52%65.01%77.51%90.00%92.50%
Projected Dividends (M)222.80323.14423.01522.43621.38719.87762.06

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.21%6.21%6.21%
Growth Rate-1.23%-0.23%0.77%
Year 1 PV (M)301.19304.24307.29
Year 2 PV (M)367.50374.98382.53
Year 3 PV (M)423.03436.01449.25
Year 4 PV (M)468.98488.26508.13
Year 5 PV (M)506.41532.57559.80
PV of Terminal Value (M)16,688.2317,550.3218,447.68
Equity Value (M)18,755.3419,686.3820,654.69
Shares Outstanding (M)2,744.402,744.402,744.40
Fair Value$6.83$7.17$7.53
Upside / Downside103.39%113.49%123.99%

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%