Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Periods / Units / Analysis

Ticker

Industry

Sector

Tianneng Battery Group Co., Ltd. (688819.SS)

Company Dividend Discount ModelIndustry: Auto - PartsSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$26.27 - $54.52$37.00
Multi-Stage$36.71 - $40.29$38.46
Blended Fair Value$37.73
Current Price$32.70
Upside15.39%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-12.86%11.06%0.920.810.830.600.971.841.150.310.560.42
YoY Growth--14.31%-2.44%38.00%-38.34%-47.04%60.13%265.99%-43.59%33.16%29.01%
Dividend Yield--3.34%2.72%2.40%1.86%2.08%2.99%1.87%0.51%0.90%0.68%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,450.15
(-) Cash Dividends Paid (M)587.29
(=) Cash Retained (M)862.85
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)290.03181.27108.76
Cash Retained (M)862.85862.85862.85
(-) Cash Required (M)-290.03-181.27-108.76
(=) Excess Retained (M)572.82681.58754.09
(/) Shares Outstanding (M)972.03972.03972.03
(=) Excess Retained per Share0.590.700.78
LTM Dividend per Share0.600.600.60
(+) Excess Retained per Share0.590.700.78
(=) Adjusted Dividend1.191.311.38
WACC / Discount Rate6.54%6.54%6.54%
Growth Rate1.91%2.91%3.91%
Fair Value$26.27$37.00$54.52
Upside / Downside-19.67%13.16%66.71%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,450.151,492.311,535.691,580.341,626.291,673.571,723.77
Payout Ratio40.50%50.40%60.30%70.20%80.10%90.00%92.50%
Projected Dividends (M)587.29752.11926.011,109.391,302.651,506.211,594.49

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.54%6.54%6.54%
Growth Rate1.91%2.91%3.91%
Year 1 PV (M)699.10705.96712.82
Year 2 PV (M)800.07815.85831.78
Year 3 PV (M)890.95917.44944.44
Year 4 PV (M)972.421,011.151,051.03
Year 5 PV (M)1,045.121,097.421,151.78
PV of Terminal Value (M)31,274.7132,839.5934,466.50
Equity Value (M)35,682.3737,387.4039,158.35
Shares Outstanding (M)972.03972.03972.03
Fair Value$36.71$38.46$40.29
Upside / Downside12.26%17.62%23.20%

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%