Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Ningbo Techmation Co.,Ltd. (603015.SS)

Company Dividend Discount ModelIndustry: Industrial - MachinerySector: Industrials

Valuation Snapshot

Stable Growth$19.75 - $23.27$21.81
Multi-Stage$13.24 - $14.54$13.88
Blended Fair Value$17.84
Current Price$11.86
Upside50.45%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS6.50%1.53%0.180.080.140.140.020.130.190.050.050.06
YoY Growth--121.19%-39.79%0.64%687.98%-87.03%-29.71%247.03%3.16%-4.27%-64.72%
Dividend Yield--1.29%1.00%1.76%2.09%0.29%2.27%2.40%0.68%0.44%0.42%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)46.42
(-) Cash Dividends Paid (M)30.75
(=) Cash Retained (M)15.67
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)9.285.803.48
Cash Retained (M)15.6715.6715.67
(-) Cash Required (M)-9.28-5.80-3.48
(=) Excess Retained (M)6.399.8712.19
(/) Shares Outstanding (M)393.03393.03393.03
(=) Excess Retained per Share0.020.030.03
LTM Dividend per Share0.080.080.08
(+) Excess Retained per Share0.020.030.03
(=) Adjusted Dividend0.090.100.11
WACC / Discount Rate1.95%1.95%1.95%
Growth Rate4.50%5.50%6.50%
Fair Value$19.75$21.81$23.27
Upside / Downside66.51%83.87%96.22%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)46.4248.9851.6754.5157.5060.6662.48
Payout Ratio66.24%70.99%75.75%80.50%85.25%90.00%92.50%
Projected Dividends (M)30.7534.7739.1443.8849.0254.6057.80

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate1.95%1.95%1.95%
Growth Rate4.50%5.50%6.50%
Year 1 PV (M)33.7834.1034.43
Year 2 PV (M)36.9437.6538.37
Year 3 PV (M)40.2441.4142.59
Year 4 PV (M)43.6845.3747.12
Year 5 PV (M)47.2649.5751.96
PV of Terminal Value (M)5,003.425,247.455,500.92
Equity Value (M)5,205.335,455.565,715.39
Shares Outstanding (M)393.03393.03393.03
Fair Value$13.24$13.88$14.54
Upside / Downside11.67%17.04%22.61%

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%