Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Taiwan Fire & Marine Insurance Co., Ltd. (2832.TW)

Company Dividend Discount ModelIndustry: Insurance - Property & CasualtySector: Financial Services

Valuation Snapshot

Stable Growth$57.79 - $115.56$80.31
Multi-Stage$48.07 - $52.36$50.18
Blended Fair Value$65.24
Current Price$53.57
Upside21.79%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS7.63%1.64%1.421.090.821.201.090.981.200.981.310.99
YoY Growth--30.00%33.33%-31.82%10.00%11.11%-18.18%22.22%-25.00%32.74%-18.18%
Dividend Yield--4.22%4.12%3.95%5.80%4.88%5.35%5.98%4.77%6.89%4.61%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,108.58
(-) Cash Dividends Paid (M)724.40
(=) Cash Retained (M)384.18
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)221.72138.5783.14
Cash Retained (M)384.18384.18384.18
(-) Cash Required (M)-221.72-138.57-83.14
(=) Excess Retained (M)162.46245.60301.03
(/) Shares Outstanding (M)331.26331.26331.26
(=) Excess Retained per Share0.490.740.91
LTM Dividend per Share2.192.192.19
(+) Excess Retained per Share0.490.740.91
(=) Adjusted Dividend2.682.933.10
WACC / Discount Rate9.98%9.98%9.98%
Growth Rate5.11%6.11%7.11%
Fair Value$57.79$80.31$115.56
Upside / Downside7.89%49.91%115.72%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,108.581,176.361,248.281,324.601,405.581,491.521,536.27
Payout Ratio65.35%70.28%75.21%80.14%85.07%90.00%92.50%
Projected Dividends (M)724.40826.70938.791,061.511,195.721,342.371,421.05

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.98%9.98%9.98%
Growth Rate5.11%6.11%7.11%
Year 1 PV (M)744.57751.66758.74
Year 2 PV (M)761.54776.10790.79
Year 3 PV (M)775.54797.89820.66
Year 4 PV (M)786.82817.19848.43
Year 5 PV (M)795.57834.14874.19
PV of Terminal Value (M)12,060.2112,644.9113,252.06
Equity Value (M)15,924.2616,621.8817,344.88
Shares Outstanding (M)331.26331.26331.26
Fair Value$48.07$50.18$52.36
Upside / Downside-10.26%-6.33%-2.26%

High-Yield Dividend Screener

« Prev Page 106 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
002860.SZHangzhou Star Shuaier Electric Appliance Co., Ltd.0.74%$0.1021.01%
300012.SZCentre Testing International Group Co. Ltd.0.74%$0.1017.11%
300773.SZLakala Payment Co., Ltd.0.74%$0.2192.60%
3931.HKCALB Group Co., Ltd.0.74%$0.1942.46%
601096.SSHsino Tower Group Co., Ltd.0.74%$0.0324.59%
603787.SSJiangsu Xinri E-Vehicle Co., Ltd.0.74%$0.1040.87%
688136.SSKexing Biopharm Co., Ltd.0.74%$0.2437.10%
688278.SSXiamen Amoytop Biotech Co., Ltd.0.74%$0.6226.86%
688662.SSGuangdong Fuxin Technology Co., Ltd.0.74%$0.3874.38%
COCE3.SACompanhia Energética do Ceará - Coelce0.74%$0.247.09%
NCAP.BKNext Capital Public Company Limited0.74%$0.025.72%
NELLY.STNelly Group AB (publ)0.74%$0.8317.00%
NVTnVent Electric plc0.74%$0.7921.51%
001211.SZSuncha Technology Co., Ltd.0.73%$0.1960.59%
002017.SZEastcompeace Technology Co.,ltd0.73%$0.1651.21%
013890.KSZinus, Inc0.73%$90.004.56%
1885.TTOA Corporation0.73%$20.599.57%
1946.TToenec Corporation0.73%$14.088.65%
2908.TFujicco Co., Ltd.0.73%$11.5229.03%
300173.SZFuneng Oriental Equipment Technology Co., Ltd.0.73%$0.0340.26%
300651.SZJiangsu Jinling Sports Equipment Co.,Ltd.0.73%$0.1566.40%
300979.SZHuali Industrial Group Company Limited0.73%$0.3712.53%
301538.SZShenzhen Jdd Tech New Material Co Ltd0.73%$0.5823.06%
600595.SSHenan Zhongfu Industrial Co.,Ltd0.73%$0.0617.73%
603396.SSYingkou Jinchen Machinery Co., Ltd.0.73%$0.2473.62%
6082.TRIDE ON EXPRESS HOLDINGS Co., Ltd.0.73%$7.4015.33%
688360.SSDamon Technology Group Co.,Ltd.0.73%$0.1634.20%
7532.TPan Pacific International Holdings Corporation0.73%$6.7722.42%
8014.TChori Co., Ltd.0.73%$30.097.62%
BBHI.JKPT Allo Bank Indonesia Tbk0.73%$10.7742.87%
002899.SZImpulse (Qingdao) Health Tech Co.,Ltd.0.72%$0.2039.54%
300371.SZHuizhong Instrumentation Co., Ltd.0.72%$0.0924.77%
300611.SZZhejiang Meili High Technology Co., Ltd.0.72%$0.2028.91%
301020.SZYantai Ishikawa Sealing Technology Co.,Ltd.0.72%$0.1626.27%
3163.TWOBrowave Corporation0.72%$3.0058.42%
4054.TNihon Jyoho Create Co.,Ltd.0.72%$5.0213.31%
600012.SSAnhui Expressway Company Limited0.72%$0.119.20%
600959.SSJiangsu Broadcasting Cable Information Network Corporation Limited0.72%$0.0227.08%
603103.SSHengdian Entertainment Co.,LTD0.72%$0.1282.51%
688513.SSChengdu Easton Biopharmaceuticals Co., Ltd.0.72%$0.4431.88%
BDGI.TOBadger Infrastructure Solutions Ltd.0.72%$0.5331.85%
ICICIBANK.BOICICI Bank Limited0.72%$9.7113.21%
LGT-B.TOLogistec Corporation0.72%$0.4823.59%
PTPP.JKPT PP (Persero) Tbk0.72%$2.995.54%
SSIA.JKPT Surya Semesta Internusa Tbk0.72%$11.9957.64%
SVIK.STStudsvik AB (publ)0.72%$2.0078.65%
WCNWaste Connections, Inc.0.72%$1.2652.24%
000737.SZNorth Copper (Shanxi) Co., Ltd.0.71%$0.1127.70%
0N2H.LLogistea AB (publ)0.71%$0.095.72%
1818.HKZhaojin Mining Industry Company Limited0.71%$0.2319.02%