Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Mode

Ticker

Industry

Sector

China Minsheng Banking Corp., Ltd. (600016.SS)

Company Dividend Discount ModelIndustry: Banks - RegionalSector: Financial Services

Valuation Snapshot

Stable Growth$4.62 - $6.55$5.57
Multi-Stage$6.37 - $6.95$6.66
Blended Fair Value$6.11
Current Price$3.98
Upside53.61%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS1.49%16.78%0.700.730.540.240.680.650.530.530.430.24
YoY Growth---4.59%34.79%122.30%-64.09%4.90%23.02%-0.21%24.14%79.98%59.74%
Dividend Yield--17.95%18.25%15.78%6.41%13.50%11.39%8.18%7.95%6.03%3.12%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)30,352.00
(-) Cash Dividends Paid (M)18,549.00
(=) Cash Retained (M)11,803.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)6,070.403,794.002,276.40
Cash Retained (M)11,803.0011,803.0011,803.00
(-) Cash Required (M)-6,070.40-3,794.00-2,276.40
(=) Excess Retained (M)5,732.608,009.009,526.60
(/) Shares Outstanding (M)43,840.7443,840.7443,840.74
(=) Excess Retained per Share0.130.180.22
LTM Dividend per Share0.420.420.42
(+) Excess Retained per Share0.130.180.22
(=) Adjusted Dividend0.550.610.64
WACC / Discount Rate11.42%11.42%11.42%
Growth Rate-0.51%0.49%1.49%
Fair Value$4.62$5.57$6.55
Upside / Downside16.06%39.94%64.46%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)30,352.0030,501.2030,651.1430,801.8130,953.2231,105.3832,038.54
Payout Ratio61.11%66.89%72.67%78.45%84.22%90.00%92.50%
Projected Dividends (M)18,549.0020,402.3622,273.5024,162.5326,069.6027,994.8429,635.65

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate11.42%11.42%11.42%
Growth Rate-0.51%0.49%1.49%
Year 1 PV (M)18,128.7918,311.0118,493.22
Year 2 PV (M)17,585.9317,941.2218,300.06
Year 3 PV (M)16,951.4817,467.7817,994.46
Year 4 PV (M)16,251.3016,914.5917,597.98
Year 5 PV (M)15,506.7316,301.8517,129.26
PV of Terminal Value (M)194,929.39204,924.58215,325.64
Equity Value (M)279,353.62291,861.03304,840.63
Shares Outstanding (M)43,840.7443,840.7443,840.74
Fair Value$6.37$6.66$6.95
Upside / Downside60.10%67.27%74.71%

High-Yield Dividend Screener

« Prev Page 126 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
OCE.JOOceana Group Limited0.24%$13.2376.46%
SVRL.BOShri Venkatesh Refineries Limi0.24%$0.6910.32%
YULE.JKPT Yulie Sekuritas Indonesia Tbk0.24%$8.0021.47%
000417.SZHefei Department Store Group Co.,Ltd0.23%$0.029.60%
002384.SZSuzhou Dongshan Precision Manufacturing Co., Ltd.0.23%$0.1928.28%
002565.SZShanghai Shunho New Materials Technology Co.,Ltd.0.23%$0.0478.29%
002885.SZShenzhen JingQuanHua Electronics Co.,Ltd.0.23%$0.0623.30%
002896.SZNingbo ZhongDa Leader Intelligent Transmission Co., Ltd.0.23%$0.2156.47%
002905.SZGuangzhou Jinyi Media Corporation0.23%$0.0326.27%
003021.SZShenzhen Zhaowei Machinery & Electronic Co., Ltd.0.23%$0.2927.62%
003240.KSTaekwang Industrial Co., Ltd.0.23%$1,750.040.92%
022100.KQPosco Dx Company Ltd.0.23%$126.3124.59%
300007.SZHanwei Electronics Group Corporation0.23%$0.1249.27%
300096.SZYLZ Information Technology Co., Ltd0.23%$0.0211.84%
300107.SZHebei Jianxin Chemical Co., Ltd.0.23%$0.0277.28%
300380.SZShanghai Amarsoft Information & Technology Co.,Ltd0.23%$0.1057.30%
300969.SZNINGBO HENGSHUAI Co., Ltd.0.23%$0.2917.85%
4475.THennge K.K.0.23%$2.998.29%
600113.SSZhejiang Dongri Limited Company0.23%$0.1541.70%
600148.SSChangchun Yidong Clutch CO.,LTD0.23%$0.0568.26%
603324.SSShanghai Sheng Jian Environment Technology Co., Ltd.0.23%$0.0613.58%
603639.SSHailir Pesticides and Chemicals Group Co.,Ltd.0.23%$0.035.13%
603663.SSSanxiang Advanced Materials Co., Ltd.0.23%$0.0845.25%
688683.SSGuangDong Leary New Material Technology Co.,Ltd0.23%$0.0727.71%
CKS.JOCrookes Brothers Limited0.23%$5.5494.73%
EXX.JOExxaro Resources Limited0.23%$40.9257.17%
ITE.JOItaltile Limited0.23%$2.1185.08%
TROAX.STTroax Group AB (publ)0.23%$0.3485.49%
001336.SZHangzhou Chuhuan Science & Technology Company Limited0.22%$0.0516.21%
002246.SZNorth Chemical Industries Co., Ltd.0.22%$0.0410.63%
002281.SZAccelink Technologies Co,Ltd.0.22%$0.1613.87%
002335.SZKehua Data Co., Ltd.0.22%$0.1214.77%
002494.SZHuasi Holding Company Limited0.22%$0.0129.50%
002511.SZC&S Paper Co.,Ltd0.22%$0.029.57%
002935.SZChengdu Spaceon Electronics Co., Ltd.0.22%$0.0533.23%
0JE5.LAMSC Asa0.22%$0.000.43%
140860.KQPark Systems Corp.0.22%$500.147.60%
2018.HKAAC Technologies Holdings Inc.0.22%$0.093.67%
300031.SZWuxi Boton Technology Co., Ltd.0.22%$0.0511.36%
300049.SZInner Mongolia Furui Medical Science Co., Ltd.0.22%$0.1532.40%
300142.SZWalvax Biotechnology Co., Ltd.0.22%$0.0277.28%
300457.SZShenzhen Yinghe Technology Co., Ltd0.22%$0.0612.53%
300512.SZHangzhou Zhongya Machinery Co., Ltd.0.22%$0.0225.40%
301155.SZJiangsu Haili Wind Power Equipment Technology Co., Ltd.0.22%$0.1812.08%
301392.SZGuangdong Huicheng Vacuum Technology Co., Ltd.0.22%$0.2821.83%
601163.SSTriangle Tyre Co., Ltd0.22%$0.032.73%
603656.SSHefei Taihe Optoelectronic Technology Co., Ltd.0.22%$0.0530.43%
688122.SSWestern Superconducting Technologies Co., Ltd.0.22%$0.1712.77%
688258.SSJiangsu Eazytec Co., Ltd.0.22%$0.1738.53%
688308.SSOKE Precision Cutting Tools Co., Ltd.0.22%$0.0759.97%