Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

Yueyang Forest & Paper Co., Ltd. (600963.SS)

Company Dividend Discount ModelIndustry: Paper, Lumber & Forest ProductsSector: Basic Materials

Valuation Snapshot

Stable Growth$2.29 - $3.52$2.87
Multi-Stage$5.45 - $6.00$5.72
Blended Fair Value$4.29
Current Price$4.42
Upside-2.92%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-7.74%-9.47%0.110.240.230.180.160.160.170.240.240.27
YoY Growth---55.57%5.58%31.52%10.81%-2.20%-4.44%-30.72%0.81%-9.98%-7.93%
Dividend Yield--2.36%4.90%3.24%3.02%2.64%4.43%4.39%5.30%3.59%5.25%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)423.81
(-) Cash Dividends Paid (M)207.47
(=) Cash Retained (M)216.34
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)84.7652.9831.79
Cash Retained (M)216.34216.34216.34
(-) Cash Required (M)-84.76-52.98-31.79
(=) Excess Retained (M)131.58163.37184.56
(/) Shares Outstanding (M)1,684.561,684.561,684.56
(=) Excess Retained per Share0.080.100.11
LTM Dividend per Share0.120.120.12
(+) Excess Retained per Share0.080.100.11
(=) Adjusted Dividend0.200.220.23
WACC / Discount Rate6.32%6.32%6.32%
Growth Rate-2.26%-1.26%-0.26%
Fair Value$2.29$2.87$3.52
Upside / Downside-48.17%-35.18%-20.27%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)423.81418.45413.16407.94402.78397.68409.61
Payout Ratio48.95%57.16%65.37%73.58%81.79%90.00%92.50%
Projected Dividends (M)207.47239.20270.09300.16329.43357.91378.89

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.32%6.32%6.32%
Growth Rate-2.26%-1.26%-0.26%
Year 1 PV (M)222.70224.98227.26
Year 2 PV (M)234.11238.93243.79
Year 3 PV (M)242.23249.74257.41
Year 4 PV (M)247.51257.80268.40
Year 5 PV (M)250.36263.43277.05
PV of Terminal Value (M)7,979.368,396.018,829.89
Equity Value (M)9,176.289,630.9010,103.80
Shares Outstanding (M)1,684.561,684.561,684.56
Fair Value$5.45$5.72$6.00
Upside / Downside23.24%29.35%35.70%

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%