Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Pioneer High Income Municipal Fund Class Y (HIMYX)

Company Dividend Discount ModelIndustry: Asset Management - IncomeSector: Financial Services

Valuation Snapshot

Stable Growth$1.35 - $1.99$1.65
Multi-Stage$2.56 - $2.81$2.68
Blended Fair Value$2.17
Current Price$5.77
Upside-62.40%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2023202220212020201920182017201620152014
DPS0.14%0.00%0.140.150.150.140.140.140.160.230.280.28
YoY Growth---5.58%-0.37%3.09%3.18%0.64%-15.97%-30.21%-15.87%-2.18%0.00%
Dividend Yield--2.23%2.25%1.97%2.01%1.88%1.90%2.27%3.11%3.90%3.98%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)28.78
(-) Cash Dividends Paid (M)23.40
(=) Cash Retained (M)5.38
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)5.763.602.16
Cash Retained (M)5.385.385.38
(-) Cash Required (M)-5.76-3.60-2.16
(=) Excess Retained (M)-0.381.783.22
(/) Shares Outstanding (M)166.61166.61166.61
(=) Excess Retained per Share0.000.010.02
LTM Dividend per Share0.140.140.14
(+) Excess Retained per Share0.000.010.02
(=) Adjusted Dividend0.140.150.16
WACC / Discount Rate8.04%8.04%8.04%
Growth Rate-2.00%-1.00%0.00%
Fair Value$1.35$1.65$1.99
Upside / Downside-76.63%-71.32%-65.57%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)28.7828.4928.2127.9327.6527.3728.19
Payout Ratio81.31%83.05%84.78%86.52%88.26%90.00%92.50%
Projected Dividends (M)23.4023.6623.9224.1624.4024.6326.08

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.04%8.04%8.04%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)21.6821.9022.12
Year 2 PV (M)20.0720.4920.90
Year 3 PV (M)18.5819.1619.74
Year 4 PV (M)17.1917.9118.64
Year 5 PV (M)15.9016.7317.59
PV of Terminal Value (M)333.75351.13369.23
Equity Value (M)427.18447.31468.23
Shares Outstanding (M)166.61166.61166.61
Fair Value$2.56$2.68$2.81
Upside / Downside-55.56%-53.47%-51.29%

High-Yield Dividend Screener

« Prev Page 107 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
6850.TChino Corporation0.71%$9.969.27%
688059.SSZhuzhou Huarui Precision Cutting Tools Co.,Ltd0.71%$0.5629.25%
688508.SSWuxi Chipown Micro-electronics limited0.71%$0.4326.46%
9638.HKFerretti S.p.A.0.71%$0.2038.33%
CRAB.JKPT Toba Surimi Industries Tbk0.71%$2.0013.13%
NBRNabors Industries Ltd.0.71%$0.402.93%
000429.SZGuangdong Provincial Expressway Development Co., Ltd.0.70%$0.089.82%
001288.SZSichuan Zigong Conveying Machine Group Co., Ltd.0.70%$0.2229.11%
002131.SZLeo Group Co., Ltd.0.70%$0.0452.22%
002676.SZGuangdong Sunwill Precising Plastic Co.,Ltd0.70%$0.0659.42%
012510.KSDouzone Bizon Co., Ltd.0.70%$627.8325.46%
0306.HKKwoon Chung Bus Holdings Limited0.70%$0.025.99%
0596.HKInspur Digital Enterprise Technology Limited0.70%$0.057.15%
0A28.LProsus N.V.0.70%$0.202.47%
2308.TWDelta Electronics, Inc.0.70%$6.9936.39%
248170.KSSempio Foods Company0.70%$199.906.93%
300570.SZT&S Communications Co.,Ltd.0.70%$0.8148.35%
301121.SZChongqing VDL Electronics Co., Ltd.0.70%$0.2871.34%
600436.SSZhangzhou Pientzehuang Pharmaceutical., Ltd0.70%$1.1929.62%
601179.SSChina XD Electric Co., Ltd0.70%$0.0626.97%
603610.SSKeeson Technology Corporation Limited0.70%$0.1330.85%
603861.SSGuangzhou Baiyun Electric Equipment Co., Ltd.0.70%$0.0920.16%
603931.SSHangzhou Greenda Electronic Materials Co., Ltd.0.70%$0.2234.41%
EBG.AXEumundi Group Limited0.70%$0.0111.04%
FIBRAPL14.MXFIBRA Prologis0.70%$0.5310.31%
GENT.OLGentian Diagnostics ASA0.70%$0.4014.62%
GNP.AXGenusPlus Group Limited0.70%$0.0414.64%
000752.SZTibet Development Co., Ltd.0.69%$0.0813.60%
002370.SZZhejiang Yatai Pharmaceutical Co., Ltd.0.69%$0.0527.70%
002720.KSKukje Pharma Co., Ltd.0.69%$30.079.58%
035900.KQJYP Entertainment Corporation0.69%$534.0010.38%
0YQA.LCarel Industries S.p.A.0.69%$0.1728.52%
163730.KQFinger, Inc.0.69%$70.8522.74%
1698.HKTencent Music Entertainment Group0.69%$0.4813.95%
300274.SZSungrow Power Supply Co., Ltd.0.69%$1.1815.76%
300285.SZShandong Sinocera Functional Material Co., Ltd.0.69%$0.1930.63%
300314.SZNingbo David Medical Device Co., Ltd.0.69%$0.0937.64%
300373.SZYangzhou Yangjie Electronic Technology Co., Ltd.0.69%$0.4719.50%
300434.SZSichuan Goldstone Asia Pharmaceutical Inc.0.69%$0.0722.00%
300800.SZLihe Technology (Hunan) Co., Ltd.0.69%$0.0845.90%
5E2.SISeatrium Ltd0.69%$0.0119.15%
600206.SSGrinm Advanced Materials Co., Ltd.0.69%$0.1442.92%
600760.SSAVIC Shenyang Aircraft Company Limited0.69%$0.3937.55%
601838.SSBank of Chengdu Co., Ltd.0.69%$0.113.53%
603038.SSDongguan Huali Industries Co.,Ltd0.69%$0.1185.83%
603790.SSArgus (Shanghai) Textile Chemicals Co.,Ltd.0.69%$0.1345.04%
605488.SSZhejiang Fulai New Material Co.,Ltd.0.69%$0.2449.43%
EYAPS.ATThessaloniki Water Supply & Sewerage Co S.A.0.69%$0.039.65%
SKBNK.ISSekerbank T.A.S.0.69%$0.054.55%
VBNKVersaBank0.69%$0.1011.57%