Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

Toly Bread Co.,Ltd. (603866.SS)

Company Dividend Discount ModelIndustry: Grocery StoresSector: Consumer Defensive

Valuation Snapshot

Stable Growth$2.94 - $4.99$3.83
Multi-Stage$5.79 - $6.36$6.07
Blended Fair Value$4.95
Current Price$5.40
Upside-8.33%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS1.78%14.00%0.320.350.360.430.410.290.240.080.160.05
YoY Growth---8.22%-3.59%-14.72%3.66%39.66%25.22%178.81%-45.88%199.45%-40.03%
Dividend Yield--5.64%5.45%2.80%3.56%2.02%1.40%1.33%0.57%1.17%0.52%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)385.11
(-) Cash Dividends Paid (M)232.55
(=) Cash Retained (M)152.56
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)77.0248.1428.88
Cash Retained (M)152.56152.56152.56
(-) Cash Required (M)-77.02-48.14-28.88
(=) Excess Retained (M)75.54104.42123.68
(/) Shares Outstanding (M)1,600.211,600.211,600.21
(=) Excess Retained per Share0.050.070.08
LTM Dividend per Share0.150.150.15
(+) Excess Retained per Share0.050.070.08
(=) Adjusted Dividend0.190.210.22
WACC / Discount Rate6.33%6.33%6.33%
Growth Rate-0.22%0.78%1.78%
Fair Value$2.94$3.83$4.99
Upside / Downside-45.62%-29.08%-7.62%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)385.11388.13391.17394.24397.33400.45412.47
Payout Ratio60.39%66.31%72.23%78.15%84.08%90.00%92.50%
Projected Dividends (M)232.55257.36282.55308.12334.07360.41381.53

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.33%6.33%6.33%
Growth Rate-0.22%0.78%1.78%
Year 1 PV (M)239.64242.05244.45
Year 2 PV (M)244.99249.92254.91
Year 3 PV (M)248.77256.32264.03
Year 4 PV (M)251.16261.38271.91
Year 5 PV (M)252.31265.21278.63
PV of Terminal Value (M)8,029.368,439.848,866.94
Equity Value (M)9,266.239,714.7210,180.86
Shares Outstanding (M)1,600.211,600.211,600.21
Fair Value$5.79$6.07$6.36
Upside / Downside7.23%12.42%17.82%

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%