Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

ALPS/Smith Short Duration Bond Investor (SMRSX)

Company Dividend Discount ModelIndustry: Asset Management - BondsSector: Financial Services

Valuation Snapshot

Stable Growth$1.06 - $1.44$1.25
Multi-Stage$2.26 - $2.48$2.37
Blended Fair Value$1.81
Current Price$9.98
Upside-81.85%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2023202220212020201920182017201620152014
DPS0.00%-4.32%0.220.260.290.270.250.000.290.320.320.33
YoY Growth---17.16%-11.65%10.74%7.70%0.00%-100.00%-8.77%-1.78%-3.20%-0.40%
Dividend Yield--2.16%2.57%2.82%2.51%2.41%0.00%3.10%3.39%3.46%3.57%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)13.27
(-) Cash Dividends Paid (M)13.11
(=) Cash Retained (M)0.16
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)2.651.661.00
Cash Retained (M)0.160.160.16
(-) Cash Required (M)-2.65-1.66-1.00
(=) Excess Retained (M)-2.50-1.50-0.84
(/) Shares Outstanding (M)60.8660.8660.86
(=) Excess Retained per Share-0.04-0.02-0.01
LTM Dividend per Share0.220.220.22
(+) Excess Retained per Share-0.04-0.02-0.01
(=) Adjusted Dividend0.170.190.20
WACC / Discount Rate9.07%9.07%9.07%
Growth Rate-6.32%-5.32%-4.32%
Fair Value$1.06$1.25$1.44
Upside / Downside-89.37%-87.43%-85.57%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)13.2712.5611.8911.2610.6610.0910.40
Payout Ratio98.81%97.05%95.28%93.52%91.76%90.00%92.50%
Projected Dividends (M)13.1112.1911.3310.539.789.089.62

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.07%9.07%9.07%
Growth Rate-6.32%-5.32%-4.32%
Year 1 PV (M)11.0611.1811.30
Year 2 PV (M)9.339.539.73
Year 3 PV (M)7.868.128.38
Year 4 PV (M)6.626.917.21
Year 5 PV (M)5.585.886.20
PV of Terminal Value (M)97.26102.56108.09
Equity Value (M)137.71144.18150.90
Shares Outstanding (M)60.8660.8660.86
Fair Value$2.26$2.37$2.48
Upside / Downside-77.33%-76.26%-75.16%

High-Yield Dividend Screener

« Prev Page 124 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
603106.SSCashway Fintech Co.,Ltd.0.28%$0.0316.66%
603111.SSNanjing Kangni Mechanical & Electrical Co.,Ltd0.28%$0.024.42%
605108.SSTongqinglou Catering Co., Ltd.0.28%$0.0530.22%
688630.SSCircuit Fabology Microelectronics Equipment Co.,Ltd.0.28%$0.3723.88%
688700.SSKunshan Dongwei Technology Co.,Ltd.0.28%$0.1034.56%
9252.TLast One Mile Co.,Ltd.0.28%$11.094.66%
BGSIBoyd Group Services Inc.0.28%$0.4458.23%
CIGIColliers International Group Inc.0.28%$0.4112.97%
001223.SZOK Science and Technology Co., Ltd.0.27%$0.1318.10%
002365.SZQianjiang Yongan Pharmaceutical Co., Ltd.0.27%$0.0446.52%
101160.KQWorldex Industry & Trading Co., Ltd.0.27%$60.013.31%
300008.SZBestway Marine & Energy Technology Co.,Ltd0.27%$0.0212.60%
300083.SZGuangdong Create Century Intelligent Equipment Group Corporation Limited0.27%$0.0210.50%
300346.SZJiangsu Nata Opto-electronic Material Co., Ltd.0.27%$0.1226.27%
300843.SZShenglan Technology Co., Ltd.0.27%$0.1419.25%
300882.SZZhejiang Wellsun Intelligent Technology Co.,Ltd.0.27%$0.058.19%
600363.SSJiangxi Lianchuang Opto-Electronic Science&Technology Co.,Ltd0.27%$0.1725.58%
600366.SSNingbo Yunsheng Co., Ltd.0.27%$0.0413.40%
600456.SSBaoji Titanium Industry Co., Ltd.0.27%$0.1114.77%
601218.SSJiangsu JIXIN Wind Energy Technology Co., Ltd.0.27%$0.0112.28%
605268.SSWangli Security & Surveillance Product Co., Ltd0.27%$0.037.19%
688182.SSJiangsu Cai Qin Technology Co., Ltd0.27%$0.0834.37%
688329.SSSuzhou Iron Technology CO.,LTD.0.27%$0.0650.64%
688618.SS3onedata Co., Ltd.0.27%$0.0721.88%
688690.SSSuzhou Nanomicro Technology Co., Ltd.0.27%$0.0719.10%
DELTA-R.BKDelta Electronics (Thailand) Public Company Limited0.27%$0.4629.11%
NVS.JONovus Holdings Limited0.27%$1.5485.07%
ONEX.TOOnex Corporation0.27%$0.304.84%
RUSTOMJEE.BOKeystone Realtors Limited0.27%$1.4818.36%
SMDS.LDS Smith Plc0.27%$1.5560.43%
SMKM.JKPT Sumber Mas Konstruksi Tbk0.27%$0.5019.42%
000096.SZShenzhen Guangju Energy Co., Ltd.0.26%$0.0322.97%
000156.SZWasu Media Holding Co.,Ltd0.26%$0.026.88%
000410.SZShenyang Machine Tool Co., Ltd.0.26%$0.0222.24%
000530.SZBingshan Refrigeration & Heat Transfer Technologies Co., Ltd.0.26%$0.0215.08%
002270.SZHuaming Power Equipment Co.,Ltd0.26%$0.078.20%
002952.SZYes Optoelectronics (Group) Co., Ltd.0.26%$0.0565.79%
1051.HKG-Resources Group Limited0.26%$0.0311.60%
298040.KSHyosung Heavy Industries Corporation0.26%$4,837.3112.67%
300102.SZXiamen Changelight Co., Ltd.0.26%$0.0747.47%
300468.SZShenzhen Forms Syntron Information Co., Ltd.0.26%$0.1064.92%
300540.SZSichuan Shudao Equipment & Technology Co.,Ltd.0.26%$0.0517.27%
300759.SZPharmaron Beijing Co., Ltd.0.26%$0.078.57%
301138.SZGuangzhou Huayan Precision Machinery Co.,Ltd.0.26%$0.1010.17%
600186.SSLotus Health Group Company0.26%$0.029.43%
600195.SSChina Animal Husbandry Industry Co., Ltd.0.26%$0.029.84%
600731.SSHunan Haili Chemical Industry Co., Ltd.0.26%$0.023.68%
601020.SSTibet Huayu Mining Co., Ltd.0.26%$0.076.36%
603657.SSJinhua Chunguang Technology Co.,Ltd0.26%$0.0872.25%
688018.SSEspressif Systems (Shanghai) Co., Ltd.0.26%$0.4414.89%