Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Jiangsu Hengxing New Material (603276.SS)

Company Dividend Discount ModelIndustry: ChemicalsSector: Basic Materials

Valuation Snapshot

Stable Growth$30.44 - $35.91$33.63
Multi-Stage$57.65 - $63.73$60.63
Blended Fair Value$47.13
Current Price$17.44
Upside170.24%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR20242023202220212020201920182017
DPS-4.77%0.00%0.150.010.020.030.080.190.030.020.000.00
YoY Growth--904.01%-30.67%-32.49%-59.03%-59.33%609.24%12.32%0.00%0.00%0.00%
Dividend Yield--0.89%0.10%0.09%0.13%0.33%0.81%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)40.80
(-) Cash Dividends Paid (M)25.96
(=) Cash Retained (M)14.84
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)8.165.103.06
Cash Retained (M)14.8414.8414.84
(-) Cash Required (M)-8.16-5.10-3.06
(=) Excess Retained (M)6.689.7411.78
(/) Shares Outstanding (M)210.16210.16210.16
(=) Excess Retained per Share0.030.050.06
LTM Dividend per Share0.120.120.12
(+) Excess Retained per Share0.030.050.06
(=) Adjusted Dividend0.160.170.18
WACC / Discount Rate-21.49%-21.49%-21.49%
Growth Rate-2.00%-1.00%0.00%
Fair Value$30.44$33.63$35.91
Upside / Downside74.52%92.83%105.91%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)40.8040.3939.9839.5839.1938.8039.96
Payout Ratio63.62%68.90%74.17%79.45%84.72%90.00%92.50%
Projected Dividends (M)25.9627.8329.6631.4533.2034.9236.96

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate-21.49%-21.49%-21.49%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)35.0835.4435.80
Year 2 PV (M)47.1448.1149.09
Year 3 PV (M)63.0364.9866.97
Year 4 PV (M)83.9087.3790.96
Year 5 PV (M)111.24117.03123.06
PV of Terminal Value (M)11,775.8812,389.0813,027.56
Equity Value (M)12,116.2712,742.0213,393.43
Shares Outstanding (M)210.16210.16210.16
Fair Value$57.65$60.63$63.73
Upside / Downside230.57%247.64%265.42%

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%