Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

CITIC Heavy Industries Co., Ltd. (601608.SS)

Company Dividend Discount ModelIndustry: Industrial - MachinerySector: Industrials

Valuation Snapshot

Stable Growth$0.89 - $1.42$1.13
Multi-Stage$0.98 - $1.08$1.03
Blended Fair Value$1.08
Current Price$5.38
Upside-79.92%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS65.22%-8.29%0.040.030.040.050.060.000.100.070.090.10
YoY Growth--43.13%-40.33%-12.98%-21.42%2,008.26%-97.07%39.73%-19.79%-13.15%19.87%
Dividend Yield--0.77%0.57%1.13%1.36%1.72%0.09%1.91%2.03%1.54%1.89%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)375.31
(-) Cash Dividends Paid (M)34.06
(=) Cash Retained (M)341.25
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)75.0646.9128.15
Cash Retained (M)341.25341.25341.25
(-) Cash Required (M)-75.06-46.91-28.15
(=) Excess Retained (M)266.19294.34313.10
(/) Shares Outstanding (M)4,576.924,576.924,576.92
(=) Excess Retained per Share0.060.060.07
LTM Dividend per Share0.010.010.01
(+) Excess Retained per Share0.060.060.07
(=) Adjusted Dividend0.070.070.08
WACC / Discount Rate9.83%9.83%9.83%
Growth Rate2.27%3.27%4.27%
Fair Value$0.89$1.13$1.42
Upside / Downside-83.50%-79.00%-73.55%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)375.31387.60400.29413.40426.94440.92454.15
Payout Ratio9.07%25.26%41.44%57.63%73.81%90.00%92.50%
Projected Dividends (M)34.0697.91165.90238.24315.15396.83420.09

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.83%9.83%9.83%
Growth Rate2.27%3.27%4.27%
Year 1 PV (M)88.2889.1490.01
Year 2 PV (M)134.87137.53140.20
Year 3 PV (M)174.64179.81185.09
Year 4 PV (M)208.29216.56225.07
Year 5 PV (M)236.48248.27260.53
PV of Terminal Value (M)3,663.623,846.264,036.12
Equity Value (M)4,506.194,717.574,937.01
Shares Outstanding (M)4,576.924,576.924,576.92
Fair Value$0.98$1.03$1.08
Upside / Downside-81.70%-80.84%-79.95%

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%