Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Ningxia Building Materials Group Co.,Ltd (600449.SS)

Company Dividend Discount ModelIndustry: Construction MaterialsSector: Basic Materials

Valuation Snapshot

Stable Growth$3.98 - $5.64$4.80
Multi-Stage$11.46 - $12.66$12.05
Blended Fair Value$8.42
Current Price$13.17
Upside-36.04%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-3.76%-3.61%0.320.450.620.700.560.380.320.230.240.11
YoY Growth---29.35%-27.65%-11.88%25.20%46.41%18.84%38.46%-3.73%123.92%-76.36%
Dividend Yield--2.17%2.71%3.80%4.99%3.71%3.04%3.29%2.02%1.88%1.13%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)292.02
(-) Cash Dividends Paid (M)115.74
(=) Cash Retained (M)176.28
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)58.4036.5021.90
Cash Retained (M)176.28176.28176.28
(-) Cash Required (M)-58.40-36.50-21.90
(=) Excess Retained (M)117.87139.77154.37
(/) Shares Outstanding (M)464.90464.90464.90
(=) Excess Retained per Share0.250.300.33
LTM Dividend per Share0.250.250.25
(+) Excess Retained per Share0.250.300.33
(=) Adjusted Dividend0.500.550.58
WACC / Discount Rate6.32%6.32%6.32%
Growth Rate-5.61%-4.61%-3.61%
Fair Value$3.98$4.80$5.64
Upside / Downside-69.80%-63.56%-57.15%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)292.02278.56265.73253.48241.80230.66237.58
Payout Ratio39.64%49.71%59.78%69.85%79.93%90.00%92.50%
Projected Dividends (M)115.74138.47158.85177.07193.27207.59219.76

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.32%6.32%6.32%
Growth Rate-5.61%-4.61%-3.61%
Year 1 PV (M)128.88130.24131.61
Year 2 PV (M)137.61140.54143.50
Year 3 PV (M)142.76147.35152.03
Year 4 PV (M)145.03151.27157.71
Year 5 PV (M)144.99152.83161.01
PV of Terminal Value (M)4,628.284,878.695,139.82
Equity Value (M)5,327.545,600.925,885.69
Shares Outstanding (M)464.90464.90464.90
Fair Value$11.46$12.05$12.66
Upside / Downside-12.99%-8.52%-3.87%

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%