Definitive Analysis
Definitive Analysis

Financial Statements

Company Industry Sector

Fundamentals

Margins Returns Growth Rates Metrics/Ratios

Valuations

Projections DCF DDM EPV Multiples Valuations

Miscellaneous

Indicators Charts WACC Beta Predictability

Analysis Mode

Ticker

Industry

Sector

First Hotel Company Ltd. (2706.TW)

Company Dividend Discount ModelIndustry: Travel LodgingSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$5.15 - $7.91$6.44
Multi-Stage$12.58 - $13.84$13.20
Blended Fair Value$9.82
Current Price$13.35
Upside-26.45%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-3.86%14.23%0.350.320.130.140.430.430.250.170.140.13
YoY Growth--8.07%140.63%-6.63%-66.51%1.00%69.34%50.73%16.91%10.54%39.58%
Dividend Yield--2.45%2.16%0.92%1.02%3.08%3.53%1.76%1.13%0.91%0.83%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)287.57
(-) Cash Dividends Paid (M)174.92
(=) Cash Retained (M)112.66
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)57.5135.9521.57
Cash Retained (M)112.66112.66112.66
(-) Cash Required (M)-57.51-35.95-21.57
(=) Excess Retained (M)55.1476.7191.09
(/) Shares Outstanding (M)504.63504.63504.63
(=) Excess Retained per Share0.110.150.18
LTM Dividend per Share0.350.350.35
(+) Excess Retained per Share0.110.150.18
(=) Adjusted Dividend0.460.500.53
WACC / Discount Rate6.27%6.27%6.27%
Growth Rate-2.36%-1.36%-0.36%
Fair Value$5.15$6.44$7.91
Upside / Downside-61.39%-51.75%-40.71%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)287.57283.65279.79275.98272.22268.52276.57
Payout Ratio60.83%66.66%72.50%78.33%84.17%90.00%92.50%
Projected Dividends (M)174.92189.09202.84216.18229.12241.66255.83

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.27%6.27%6.27%
Growth Rate-2.36%-1.36%-0.36%
Year 1 PV (M)176.12177.92179.73
Year 2 PV (M)175.97179.59183.25
Year 3 PV (M)174.68180.11185.64
Year 4 PV (M)172.44179.62187.01
Year 5 PV (M)169.41178.27187.49
PV of Terminal Value (M)5,477.625,763.936,062.09
Equity Value (M)6,346.256,659.446,985.21
Shares Outstanding (M)504.63504.63504.63
Fair Value$12.58$13.20$13.84
Upside / Downside-5.80%-1.15%3.69%

High-Yield Dividend Screener

« Prev Page 12 of 30 Next »
Ticker ⇵ Company ⇵ Dividend Yield % ▼ Dividend Per Share ⇵ Payout Ratio % ⇵
SOThe Southern Company3.09%$2.6967.01%
CFRCullen/Frost Bankers, Inc.3.08%$3.9439.68%
CMSCMS Energy Corporation3.08%$2.1762.27%
SJWSJW Group3.08%$1.6052.08%
SNVSynovus Financial Corp.3.08%$1.5427.05%
0HCT.LAlliant Energy Corporation3.07%$1.9962.84%
0M3L.LZions Bancorporation, National Association3.07%$1.7931.01%
IVZInvesco Ltd.3.07%$0.8335.83%
SWXSouthwest Gas Holdings, Inc.3.07%$2.4638.44%
PEGPublic Service Enterprise Group Incorporated3.06%$2.4859.65%
CASSCass Information Systems, Inc.3.05%$1.2452.58%
CIVBCivista Bancshares, Inc.3.05%$0.6725.26%
TXNTexas Instruments Incorporated3.05%$5.4198.14%
CTRECareTrust REIT, Inc.3.04%$1.1089.62%
UCBUnited Community Banks, Inc.3.04%$0.9536.76%
DRIDarden Restaurants, Inc.3.03%$5.6860.69%
HMNHorace Mann Educators Corporation3.02%$1.3634.55%
VGVenture Global, Inc.3.02%$0.2124.09%
HFBLHome Federal Bancorp, Inc. of Louisiana3.01%$0.5435.96%
TOWNTowneBank3.01%$1.0045.24%
GBCIGlacier Bancorp, Inc.3.00%$1.3464.06%
MBWMMercantile Bank Corporation3.00%$1.4327.14%
PPLPPL Corporation3.00%$1.0571.70%
DTSQDT Cloud Star Acquisition Corporation2.99%$0.3287.02%
EBMTEagle Bancorp Montana, Inc.2.99%$0.5833.76%
INDBIndependent Bank Corp.2.99%$2.1935.86%
ESSAESSA Bancorp, Inc.2.98%$0.6139.75%
RDNRadian Group Inc.2.98%$1.0725.60%
0K0X.LMetLife, Inc.2.96%$2.3641.08%
CUBBCustomers Bancorp, Inc 5.375% S2.96%$0.6612.54%
HBBHamilton Beach Brands Holding Company2.96%$0.4720.02%
SDSandRidge Energy, Inc.2.96%$0.4424.38%
STRWStrawberry Fields REIT LLC2.95%$0.3870.76%
INGRIngredion Incorporated2.94%$3.2332.02%
JWNNordstrom, Inc.2.94%$0.7342.03%
PKBKParke Bancorp, Inc.2.94%$0.7125.08%
0JW2.LM&T Bank Corporation2.93%$5.9133.38%
EIGEmployers Holdings, Inc.2.93%$1.2648.48%
MYEMyers Industries, Inc.2.93%$0.5573.41%
RMRegional Management Corp.2.93%$1.1528.16%
HSYThe Hershey Company2.92%$5.3379.75%
STZConstellation Brands, Inc.2.92%$4.1259.24%
AROCArchrock, Inc.2.91%$0.7751.05%
JXNJackson Financial Inc.2.91%$3.1338.19%
OSPNOneSpan Inc.2.91%$0.3623.87%
0LC6.LSysco Corporation2.90%$2.1055.57%
EXEExpand Energy Corporation2.89%$3.1787.89%
PGThe Procter & Gamble Company2.89%$4.0959.50%
RESRPC, Inc.2.89%$0.1672.96%
0M1R.LXcel Energy Inc.2.88%$2.1665.69%