Definitive Analysis | Institutional-Grade Financial Research
Definitive Analysis
Get Full Access
See Pricing Start Free Trial

Pico Far East Holdings Limited (0752.HK)

Company Dividend Discount ModelIndustry: Specialty Business ServicesSector: Industrials

Valuation Snapshot

Stable Growth$12.45 - $31.98$18.85
Multi-Stage$14.78 - $16.20$15.48
Blended Fair Value$17.16
Current Price$1.91
Upside798.68%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-1.49%2.46%0.120.080.050.020.090.130.180.170.140.10
YoY Growth--56.43%60.05%100.02%-72.22%-33.32%-26.86%9.31%21.96%33.82%5.30%
Dividend Yield--6.77%5.81%4.65%1.86%8.00%5.03%6.93%5.09%5.84%5.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)696.87
(-) Cash Dividends Paid (M)317.44
(=) Cash Retained (M)379.43
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)139.3787.1152.27
Cash Retained (M)379.43379.43379.43
(-) Cash Required (M)-139.37-87.11-52.27
(=) Excess Retained (M)240.05292.32327.16
(/) Shares Outstanding (M)1,244.251,244.251,244.25
(=) Excess Retained per Share0.190.230.26
LTM Dividend per Share0.260.260.26
(+) Excess Retained per Share0.190.230.26
(=) Adjusted Dividend0.450.490.52
WACC / Discount Rate6.45%6.45%6.45%
Growth Rate2.75%3.75%4.75%
Fair Value$12.45$18.85$31.98
Upside / Downside551.99%887.05%1,574.34%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)696.87723.01750.12778.25807.44837.72862.86
Payout Ratio45.55%54.44%63.33%72.22%81.11%90.00%92.50%
Projected Dividends (M)317.44393.62475.06562.06654.92753.95798.14

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.45%6.45%6.45%
Growth Rate2.75%3.75%4.75%
Year 1 PV (M)366.22369.78373.34
Year 2 PV (M)411.22419.26427.38
Year 3 PV (M)452.65465.99479.60
Year 4 PV (M)490.71510.09530.05
Year 5 PV (M)525.58551.66578.76
PV of Terminal Value (M)16,139.4216,940.2217,772.51
Equity Value (M)18,385.7919,257.0120,161.64
Shares Outstanding (M)1,244.251,244.251,244.25
Fair Value$14.78$15.48$16.20
Upside / Downside673.65%710.31%748.37%

High-Yield Dividend Screener

« Prev Page 11 of 30 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
THFFFirst Financial Corporation3.32%$1.9831.67%
IRDMIridium Communications Inc.3.31%$0.5949.66%
PDCOPatterson Companies, Inc.3.31%$1.0466.64%
0HRZ.LCoterra Energy Inc.3.30%$0.8840.64%
ACIAlbertsons Companies, Inc.3.30%$0.5733.33%
KDPKeurig Dr Pepper Inc.3.30%$0.9278.89%
SPBSpectrum Brands Holdings, Inc.3.30%$1.9848.25%
0IUX.LGenuine Parts Company3.29%$4.0569.77%
BGBunge Global S.A.3.29%$3.0531.37%
HDGCXThe Hartford Dividend and Growth Fund Class C3.29%$1.0820.58%
PSBDPalmer Square Capital BDC Inc.3.29%$0.4090.32%
LIENChicago Atlantic BDC, Inc.3.28%$0.3423.50%
REXRRexford Industrial Realty, Inc.3.28%$1.2890.14%
CVCYCentral Valley Community Bancorp3.27%$0.5832.80%
F-PDFord Motor Company 6.500% Notes3.27%$0.7463.45%
FSBWFS Bancorp, Inc.3.27%$1.3331.78%
TRNOTerreno Realty Corporation3.27%$1.9362.02%
0I1P.LComerica Incorporated3.26%$2.8252.30%
ALEXAlexander & Baldwin, Inc.3.26%$0.6766.95%
BRXBrixmor Property Group Inc.3.26%$0.8578.30%
AGM-PCFederal Agricultural Mortgage Corporation3.24%$7.8539.89%
HTOH2O America3.24%$1.6052.08%
WECWEC Energy Group, Inc.3.24%$3.4566.21%
XOMExxon Mobil Corporation3.24%$3.9857.54%
SCLStepan Company3.22%$1.5276.82%
HBTHBT Financial, Inc.3.21%$0.8333.20%
KALUKaiser Aluminum Corporation3.21%$3.8670.13%
SMPStandard Motor Products, Inc.3.20%$1.1838.74%
0QZA.LConocoPhillips3.19%$3.0943.65%
PAGPenske Automotive Group, Inc.3.18%$5.0435.22%
CRBGCorebridge Financial, Inc.3.17%$0.9652.57%
EDConsolidated Edison, Inc.3.17%$3.1756.36%
LARKLandmark Bancorp, Inc.3.17%$0.8238.75%
NBPU.LNB Private Equity Partners Limited3.17%$0.6770.20%
PFBCPreferred Bank3.16%$3.0329.67%
HNIHNI Corporation3.15%$1.3444.63%
RBBRBB Bancorp3.15%$0.6443.45%
FGF&G Annuities & Life, Inc.3.14%$0.9428.23%
NBHCNational Bank Holdings Corporation3.14%$1.1937.27%
0KZA.LSM Energy Company3.13%$0.609.44%
CBUCommunity Bank System, Inc.3.13%$1.8246.85%
DTEDTE Energy Company3.13%$4.0887.19%
RNSTRenasant Corporation3.13%$1.1148.14%
BSRRSierra Bancorp3.11%$1.0134.68%
FCFFirst Commonwealth Financial Corporation3.11%$0.5238.19%
PNCThe PNC Financial Services Group, Inc.3.11%$6.5739.89%
PRKPark National Corporation3.11%$4.8044.20%
GEFGreif, Inc.3.10%$2.1212.04%
0QAH.LMerck & Co., Inc.3.09%$3.2542.60%
BANRBanner Corporation3.09%$1.9335.15%