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 108 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
000657.SZChina Tungsten And Hightech Materals Co.,Ltd0.68%$0.1927.39%
009150.KSSamsung Electro-Mechanics Co., Ltd.0.68%$1,822.8819.91%
300248.SZNewcapec Electronics Co., Ltd.0.68%$0.0942.34%
300304.SZJiangsu Yunyi Electric Co.,Ltd.0.68%$0.0816.20%
300727.SZNingbo Runhe High-Tech Materials Co., Ltd.0.68%$0.2435.64%
300829.SZHenan Jindan Lactic Acid Technology Co., Ltd0.68%$0.1137.09%
3037.TWUnimicron Technology Corp.0.68%$1.5071.82%
600965.SSFortune Ng Fung Food (Hebei) Co.,Ltd0.68%$0.0443.15%
603535.SSGuangzhou Jiacheng International Logistics Co.,Ltd.0.68%$0.0719.97%
603819.SSChangzhou Shenli Electrical Machine Incorporated Company0.68%$0.0867.83%
6174.TWOAker Technology Co., Ltd0.68%$0.1419.31%
688685.SSJiangsu Maixinlin Aviation Science and Technology Corp.0.68%$0.3883.55%
7741.THOYA Corporation0.68%$160.7926.30%
AJA-B.STByggmästare Anders J Ahlström Holding AB (publ)0.68%$0.4354.16%
EWG2.SGEUWAX Gold II0.68%$0.8376.69%
MRB.WAMirbud S.A.0.68%$0.1010.28%
WGN.AXWagners Holding Company Limited0.68%$0.0214.21%
000045.SZShenzhen Textile (Holdings) Co., Ltd.0.67%$0.0859.47%
000524.SZGuangzhou Lingnan Group Holdings Company Limited0.67%$0.0866.62%
002886.SZShenzhen WOTE Advanced Materials Co., Ltd0.67%$0.1591.87%
002912.SZShenzhen Sinovatio Technology Co., Ltd.0.67%$0.2035.64%
006660.KSSamsung Climate Control Co., Ltd.0.67%$96.596.25%
036570.KSNcsoft Corporation0.67%$1,460.118.29%
060250.KQNHN KCP Corp.0.67%$102.418.42%
1913.HKPrada S.p.A.0.67%$0.3047.97%
2343.HKPacific Basin Shipping Limited0.67%$0.0248.96%
300789.SZChengdu Tangyuan Electric Co.,Ltd.0.67%$0.1538.39%
300920.SZZhejiang Runyang New Material Technology Co., Ltd.0.67%$0.3188.17%
600150.SSChina CSSC Holdings Limited0.67%$0.2220.83%
603183.SSSuzhou Institute of Building Science Group Co.,Ltd0.67%$0.0335.25%
603308.SSAnhui Yingliu Electromechanical Co., Ltd.0.67%$0.2853.99%
603686.SSFULONGMA Group Co.,Ltd.0.67%$0.2057.71%
6525.TKokusai Electric Corporation0.67%$36.6425.58%
9247.TTRE Holdings Corporation0.67%$10.723.17%
GCARSOA1.MXGrupo Carso, S.A.B. de C.V.0.67%$0.7815.21%
GIBCGI Inc.0.67%$0.618.14%
HPS-A.TOHammond Power Solutions Inc.0.67%$1.1016.45%
ZYRX.JKPT Zyrexindo Mandiri Buana Tbk0.67%$1.129.50%
095340.KQISC Co., Ltd.0.66%$793.0735.89%
128940.KSHanmi Pharm. Co., Ltd.0.66%$2,913.6031.17%
600738.SSLanzhou Lishang Guochao Industrial Group Co.,Ltd0.66%$0.0331.33%
600988.SSChifeng Jilong Gold Mining Co.,Ltd.0.66%$0.2114.26%
603331.SSZhejiang Baida Precision Manufacturing Corp.0.66%$0.0926.78%
603992.SSXiamen Solex High-tech Industries Co., Ltd.0.66%$0.2740.24%
6702.TFujitsu Limited0.66%$28.4011.32%
AGII.JKPT Samator Indo Gas Tbk0.66%$10.4537.88%
ASME.DEASML Holding N.V.0.66%$6.5226.72%
FNVFranco-Nevada Corporation0.66%$1.3828.98%
FQT.DEFrequentis AG0.66%$0.5118.23%
GOEL.BOGoel Food Products Limited0.66%$0.101.87%