Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Guangdong Provincial Expressway Development Co., Ltd. (000429.SZ)

Company Dividend Discount ModelIndustry: Industrial - Infrastructure OperationsSector: Industrials

Valuation Snapshot

Stable Growth$6.99 - $10.54$8.66
Multi-Stage$19.72 - $21.79$20.73
Blended Fair Value$14.70
Current Price$10.89
Upside34.97%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-3.24%11.07%0.660.550.680.430.570.780.640.470.270.28
YoY Growth--20.17%-19.44%57.63%-24.51%-26.39%22.39%34.65%77.68%-5.81%22.16%
Dividend Yield--4.66%5.52%9.04%5.45%7.64%11.52%6.99%5.93%3.53%5.06%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,750.89
(-) Cash Dividends Paid (M)171.95
(=) Cash Retained (M)1,578.94
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)350.18218.86131.32
Cash Retained (M)1,578.941,578.941,578.94
(-) Cash Required (M)-350.18-218.86-131.32
(=) Excess Retained (M)1,228.761,360.081,447.62
(/) Shares Outstanding (M)2,105.862,105.862,105.86
(=) Excess Retained per Share0.580.650.69
LTM Dividend per Share0.080.080.08
(+) Excess Retained per Share0.580.650.69
(=) Adjusted Dividend0.670.730.77
WACC / Discount Rate5.80%5.80%5.80%
Growth Rate-3.40%-2.40%-1.40%
Fair Value$6.99$8.66$10.54
Upside / Downside-35.83%-20.44%-3.22%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,750.891,708.931,667.971,628.001,588.981,550.901,597.43
Payout Ratio9.82%25.86%41.89%57.93%73.96%90.00%92.50%
Projected Dividends (M)171.95441.87698.76943.071,175.281,395.811,477.62

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate5.80%5.80%5.80%
Growth Rate-3.40%-2.40%-1.40%
Year 1 PV (M)413.38417.65421.93
Year 2 PV (M)611.53624.26637.12
Year 3 PV (M)772.12796.35821.08
Year 4 PV (M)900.18938.03977.07
Year 5 PV (M)1,000.141,052.991,108.05
PV of Terminal Value (M)37,830.3739,829.3641,911.97
Equity Value (M)41,527.7343,658.6545,877.22
Shares Outstanding (M)2,105.862,105.862,105.86
Fair Value$19.72$20.73$21.79
Upside / Downside81.08%90.38%100.05%

High-Yield Dividend Screener

« Prev Page 11 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
3719.KLPanasonic Manufacturing Malaysia Berhad8.56%$0.6385.80%
GNG.AXGR Engineering Services Limited8.56%$0.3899.06%
078930.KSGS Holdings Corp.8.55%$4,726.0078.57%
2388.HKBOC Hong Kong (Holdings) Limited8.55%$3.4447.81%
CRTO.PACaisse Régionale de Crédit Agricole Mutuel de La Touraine et du Poitou Société Coopérative8.54%$9.4831.11%
MARK.JKPT Mark Dynamics Indonesia Tbk8.54%$70.0098.69%
TWEKA.ASTKH Group N.V.8.54%$3.1870.93%
0DTI.LBonheur ASA8.53%$23.2642.29%
1502.HKFinancial Street Property Co., Limited8.52%$0.1758.63%
FOYRK.ATFourlis Holdings S.A.8.52%$0.3765.80%
2491.TValueCommerce Co., Ltd.8.51%$56.6140.75%
6355.TSumitomo Precision Products Co., Ltd.8.51%$310.088.45%
DREIT.BKDusit Thani Freehold and Leasehold Real Estate Investment Trust8.50%$0.4298.66%
6862.HKHaidilao International Holding Ltd.8.49%$1.2276.09%
015890.KSTaekyung Industry.Co., Ltd.8.48%$416.7845.41%
3983.HKChina BlueChemical Ltd.8.48%$0.2140.13%
3292.TAEON REIT Investment Corporation8.45%$11,596.4988.85%
CIEL3.SACielo S.A.8.44%$0.4973.05%
ASGR.JKPT Astra Graphia Tbk8.43%$99.0056.73%
JWW.WAJWW Invest S.A.8.43%$0.2543.64%
3488.TCENTRAL REIT Investment Corporation8.42%$9,789.7772.08%
GUNKUL-R.BKGunkul Engineering Public Company Limited8.42%$0.1678.57%
1333.HKBreton Technology Co. Ltd.8.41%$2.3574.43%
DRM.TODream Unlimited Corp.8.41%$1.6484.81%
ALEXA.PAExacompta Clairefontaine S.A.8.40%$14.2037.48%
RANI3.SAIrani Papel e Embalagem S.A.8.40%$0.7343.32%
SPALI-R.BKSupalai Public Company Limited8.39%$1.4357.89%
5141.KLDayang Enterprise Holdings Bhd8.38%$0.1487.12%
600020.SSHenan Zhongyuan Expressway Company Limited8.37%$0.3678.65%
MASQ.AEMashreqbank PSC8.37%$21.4252.51%
PROX.BRProximus PLC8.37%$0.6033.92%
0R9T.LEquasens S.A.8.36%$3.7571.00%
6212.TWOLi Ming Development Construction Co., Ltd.8.34%$3.4547.85%
SNNP.BKSrinanaporn Marketing Public Company Limited8.33%$0.6192.23%
VLK.ASVan Lanschot Kempen N.V.8.32%$4.4268.64%
600894.SSGuangzhou Guangri Stock Co.,Ltd.8.31%$0.7798.07%
ORC-B.VOrca Energy Group Inc.8.31%$0.2935.79%
ADMF.JKPT Adira Dinamika Multi Finance Tbk8.30%$703.1157.11%
0QPJ.LCembra Money Bank AG8.29%$8.2371.08%
QDT.PAQuadient S.A.8.29%$1.2035.65%
VPK.ASKoninklijke Vopak N.V.8.29%$3.1639.83%
DP4B.DEA.P. Møller - Mærsk A/S8.27%$165.1637.01%
ECP.AXECP Emerging Growth Limited8.27%$0.0924.35%
PHOL.BKPhol Dhanya Public Company Limited8.27%$0.2371.53%
ASDM.JKPT Asuransi Dayin Mitra Tbk8.26%$50.0060.31%
000320.KSNOROO Holdings Co., Ltd.8.25%$1,700.3753.43%
IMCD.ASIMCD N.V.8.25%$6.4669.83%
NELY.JKPT Pelayaran Nelly Dwi Putri Tbk8.25%$38.3052.05%
WGB.AXWAM Global Limited8.25%$0.2014.48%
HM1.AXHearts and Minds Investments Limited8.24%$0.2643.45%