Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Mode

Ticker

Industry

Sector

Taiwan Cogeneration Corporation (8926.TW)

Company Dividend Discount ModelIndustry: Engineering & ConstructionSector: Industrials

Valuation Snapshot

Stable Growth$56.83 - $153.92$87.45
Multi-Stage$41.52 - $45.21$43.33
Blended Fair Value$65.39
Current Price$47.65
Upside37.23%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS9.79%7.14%1.930.851.411.531.371.211.050.971.051.29
YoY Growth--127.88%-40.00%-7.89%11.76%13.33%15.38%8.33%-7.69%-18.75%33.33%
Dividend Yield--4.69%1.78%3.69%4.42%3.92%4.57%4.40%3.99%4.97%5.94%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,743.35
(-) Cash Dividends Paid (M)1,533.59
(=) Cash Retained (M)209.75
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)348.67217.92130.75
Cash Retained (M)209.75209.75209.75
(-) Cash Required (M)-348.67-217.92-130.75
(=) Excess Retained (M)-138.92-8.1779.00
(/) Shares Outstanding (M)731.34731.34731.34
(=) Excess Retained per Share-0.19-0.010.11
LTM Dividend per Share2.102.102.10
(+) Excess Retained per Share-0.19-0.010.11
(=) Adjusted Dividend1.912.092.20
WACC / Discount Rate9.04%9.04%9.04%
Growth Rate5.50%6.50%7.50%
Fair Value$56.83$87.45$153.92
Upside / Downside19.27%83.54%223.02%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,743.351,856.661,977.352,105.872,242.752,388.532,460.19
Payout Ratio87.97%88.37%88.78%89.19%89.59%90.00%92.50%
Projected Dividends (M)1,533.591,640.821,755.511,878.172,009.372,149.682,275.68

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.04%9.04%9.04%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)1,490.661,504.791,518.92
Year 2 PV (M)1,448.891,476.491,504.35
Year 3 PV (M)1,408.271,448.701,489.89
Year 4 PV (M)1,368.761,421.401,475.54
Year 5 PV (M)1,330.331,394.581,461.30
PV of Terminal Value (M)23,316.1524,442.3325,611.61
Equity Value (M)30,363.0631,688.2933,061.60
Shares Outstanding (M)731.34731.34731.34
Fair Value$41.52$43.33$45.21
Upside / Downside-12.87%-9.07%-5.13%

High-Yield Dividend Screener

« Prev Page 112 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
001770.KSShin Hwa Dynamics Co., Ltd.0.56%$100.052.60%
002046.SZSinomach Precision Industry Co.,Ltd.0.56%$0.2445.96%
002826.SZTibet AIM Pharm. Inc.0.56%$0.1022.59%
166090.KQHana Materials Inc.0.56%$252.3014.63%
300320.SZJiangyin Haida Rubber And Plastic Co., Ltd.0.56%$0.0514.89%
300680.SZWuxi Longsheng Technology Co.,Ltd0.56%$0.3124.96%
300758.SZAnshan Hifichem Co., Ltd.0.56%$0.0736.47%
300980.SZHubei Xiangyuan New Material Technology Inc.0.56%$0.1854.54%
301539.SZZhejiang Hongxin Technology Co Ltd0.56%$0.1228.52%
3852.TCyber Com Co., Ltd.0.56%$10.6910.27%
4062.TIbiden Co.,Ltd.0.56%$37.7014.87%
4546.TWOChaheng Precision Co., Ltd.0.56%$0.8010.69%
600917.SSChongqing Gas Group Corporation Ltd.0.56%$0.0318.46%
600961.SSZhuzhou Smelter Group Co.,Ltd.0.56%$0.099.08%
603236.SSQuectel Wireless Solutions Co., Ltd.0.56%$0.5414.56%
603596.SSBethel Automotive Safety Systems Co., Ltd0.56%$0.2913.37%
9992.HKPop Mart International Group Limited0.56%$1.0817.41%
B5A.DEBauer AG0.56%$0.035.00%
SKS.AXSKS Technologies Group Limited0.56%$0.0212.05%
002057.SZSinosteel New Materials Co., Ltd.0.55%$0.0617.87%
002217.SZHolitech Technology Co., Ltd.0.55%$0.023.01%
002664.SZChangying Xinzhi Technology Co.,Ltd.0.55%$0.1397.52%
002755.SZBeijing Aosaikang Pharmaceutical Co., Ltd.0.55%$0.0932.69%
008930.KSHanmi Science Co., Ltd.0.55%$200.1118.02%
079550.KSLIG Nex1 Co., Ltd.0.55%$2,399.7117.16%
2749.TJp-Holdings,Inc.0.55%$3.968.95%
300066.SZSanchuan Wisdom Technology Co., Ltd.0.55%$0.0326.23%
300432.SZMianyang Fulin Precision Co.,Ltd.0.55%$0.0938.06%
300666.SZKonfoong Materials International Co., Ltd0.55%$0.5126.17%
300893.SZZhejiang Songyuan Automotive Safety Systems Co.,Ltd.0.55%$0.1317.35%
300990.SZSanhe Tongfei Refrigeration Co., Ltd.0.55%$0.5032.09%
301009.SZHangzhou Coco Healthcare Products Co.,Ltd.0.55%$0.0750.41%
301207.SZHualan Biological Bacterin Inc.0.55%$0.1086.31%
307950.KSHyundai Autoever Corporation0.55%$1,814.1627.64%
600080.SSGinwa Enterprise (Group) Inc.0.55%$0.0418.56%
600278.SSOrient International Enterprise, Ltd.0.55%$0.0417.25%
600674.SSSichuan Chuantou Energy Co.,Ltd.0.55%$0.088.70%
603860.SSRoadMainT Co.,Ltd.0.55%$0.1725.44%
7730.TMani, Inc.0.55%$7.9914.66%
BHARTIHEXA.NSBharti Hexacom Limited0.55%$10.0032.42%
PERSISTENT.BOPersistent Systems Limited0.55%$34.7532.63%
PTPW.JKPT Pratama Widya Tbk0.55%$5.6911.20%
000037.SZShenzhen Nanshan Power Co., Ltd.0.54%$0.0456.70%
002278.SZShanghai SK Petroleum & Chemical Equipment Corporation Ltd.0.54%$0.0751.99%
002562.SZBrother Enterprises Holding Co.,Ltd.0.54%$0.0336.01%
002655.SZGettop Acoustic Co., Ltd.0.54%$0.0729.95%
002916.SZShennan Circuit Company Limited0.54%$1.2430.55%
0669.HKTechtronic Industries Company Limited0.54%$0.5041.01%
0RSL.LEsker S.A.0.54%$1.4126.60%
1910.HKSamsonite International S.A.0.54%$0.1150.08%