Definitive Analysis
Definitive Analysis

Financial Statements

Fundamentals

Valuations

Miscellaneous

Analysis Mode

Search

TS Financial Holding Co., Ltd. (2887.TW)

Company Dividend Discount ModelIndustry: Banks - RegionalSector: Financial Services

Valuation Snapshot

Stable Growth$89.94 - $324.51$286.28
Multi-Stage$43.03 - $46.98$44.97
Blended Fair Value$165.62
Current Price$18.00
Upside820.13%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS6.66%7.95%0.590.500.540.490.490.430.440.350.330.11
YoY Growth--18.71%-8.17%10.79%-0.41%14.80%-2.13%24.83%7.89%188.87%-59.12%
Dividend Yield--3.44%2.87%3.55%2.72%4.37%4.46%3.89%3.18%3.48%1.44%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)26,015.51
(-) Cash Dividends Paid (M)24,359.94
(=) Cash Retained (M)1,655.57
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)5,203.103,251.941,951.16
Cash Retained (M)1,655.571,655.571,655.57
(-) Cash Required (M)-5,203.10-3,251.94-1,951.16
(=) Excess Retained (M)-3,547.53-1,596.37-295.59
(/) Shares Outstanding (M)15,943.4915,943.4915,943.49
(=) Excess Retained per Share-0.22-0.10-0.02
LTM Dividend per Share1.531.531.53
(+) Excess Retained per Share-0.22-0.10-0.02
(=) Adjusted Dividend1.311.431.51
WACC / Discount Rate7.03%7.03%7.03%
Growth Rate5.50%6.50%7.50%
Fair Value$89.94$286.28$324.51
Upside / Downside399.69%1,490.43%1,702.84%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)26,015.5127,706.5229,507.4531,425.4333,468.0835,643.5136,712.81
Payout Ratio93.64%92.91%92.18%91.45%90.73%90.00%92.50%
Projected Dividends (M)24,359.9425,741.8427,200.4728,739.9630,364.6732,079.1633,959.35

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.03%7.03%7.03%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)23,824.9724,050.8024,276.62
Year 2 PV (M)23,300.3123,744.1224,192.11
Year 3 PV (M)22,785.7923,439.8924,106.39
Year 4 PV (M)22,281.2323,138.1024,019.45
Year 5 PV (M)21,786.4322,838.7323,931.29
PV of Terminal Value (M)572,127.95599,761.95628,453.56
Equity Value (M)686,106.69716,973.58748,979.43
Shares Outstanding (M)15,943.4915,943.4915,943.49
Fair Value$43.03$44.97$46.98
Upside / Downside139.08%149.83%160.98%

High-Yield Dividend Screener

« Prev Page 14 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
FGG.AXFuture Generation Global Limited7.59%$0.1235.11%
WINNER.BKWinner Group Enterprise Public Company Limited7.59%$0.1677.25%
1666.HKTong Ren Tang Technologies Co. Ltd.7.58%$0.3439.83%
ALHOP.PAHopscotch Global PR Group7.58%$1.0034.20%
4305.TWOShih-Kuen Plastics Co., Ltd.7.57%$3.1886.35%
KLEE-B.COBrd. Klee A/S7.57%$284.4657.64%
TACC.BKT.A.C. Consumer Public Company Limited7.56%$0.3986.66%
PCC.BKPrecise Corporation Public Company Limited7.55%$0.2054.85%
2180.HKManpowerGroup Greater China Limited7.54%$0.3930.76%
BASGZ.ISBaskent Dogalgaz Dagitim Gayrimenkul Yatirim Ortakligi A.S.7.54%$3.4364.56%
ISAE4.SAISA Energía Brasil S.A.7.54%$2.0345.68%
TRPL4.SACTEEP - Companhia de Transmissão de Energia Elétrica Paulista S.A.7.53%$1.8837.46%
QH-R.BKQuality Houses Public Company Limited7.52%$0.1063.63%
0189.HKDongyue Group Limited7.51%$0.8267.14%
3034.KLHap Seng Consolidated Berhad7.50%$0.2189.85%
9985.HKWEILONG Delicious Global Holdings Ltd7.50%$0.8387.47%
CBQK.QAThe Commercial Bank (P.S.Q.C.)7.50%$0.3248.96%
BMGB4.SABanco BMG S.A.7.49%$0.3767.48%
DJW.AXDjerriwarrh Investments Limited7.49%$0.2378.76%
JSMR.JKPT Jasa Marga (Persero) Tbk7.49%$256.8147.02%
TGMA3.SATegma Gestão Logística S.A.7.49%$2.7365.23%
014440.KSYoungbo Chemical Co., Ltd.7.48%$350.9938.29%
CPW.BKCopperwired Public Company Limited7.48%$0.1585.48%
003080.KSSBSUNGBO Co., Ltd.7.47%$205.009.79%
226320.KSIt'S Hanbul Co., Ltd.7.47%$887.8495.70%
AYGAZ.ISAygaz A.S.7.47%$14.7993.51%
3290.TOne REIT, Inc.7.46%$6,781.0766.29%
TOTL.JKPT Total Bangun Persada Tbk7.46%$75.0067.24%
1497.HKXiamen Yan Palace Bird's Nest Indus7.45%$0.4461.94%
ANIM.MIAnima Holding S.p.A.7.45%$0.4555.56%
DCC-R.BKDynasty Ceramic Public Company Limited7.45%$0.0981.26%
0751.HKSkyworth Group Limited7.44%$0.3953.99%
8957.TTokyu REIT, Inc.7.44%$15,400.2079.77%
2504.TWGoldsun Building Materials Co., Ltd.7.43%$2.8186.16%
KEPL3.SAKepler Weber S.A.7.43%$0.7389.80%
POLY.BKPolynet Public Company Limited7.43%$0.5288.16%
XTB.WAXTB S.A.7.43%$5.4679.70%
TIPH.BKDhipaya Group Holdings Public Company Limited7.42%$1.5476.50%
ALFRE.PAFreelance.com S.A.7.40%$0.1623.60%
RING.OLSpareBank 1 Ringerike Hadeland7.40%$30.8074.39%
SEAOIL.BKSea Oil Public Company Limited7.39%$0.2246.45%
IRC.BKInoue Rubber (Thailand) Public Company Limited7.36%$0.8790.55%
ILM-R.BKIndex Living Mall Public Company Limited7.34%$1.0067.79%
SHIPSeanergy Maritime Holdings Corp.7.34%$0.6791.71%
5009.TWOGloria Material Technology Corp.7.33%$2.3477.68%
9922.HKJiumaojiu International Holdings Limited7.33%$0.1455.41%
8977.THankyu Hanshin REIT, Inc.7.32%$12,179.9195.79%
BAREIT.BKBA Airport Leasehold Real Estate Investment Trust7.32%$0.7589.39%
SIDO.JKPT Industri Jamu dan Farmasi Sido Muncul Tbk7.32%$39.5596.37%
0QQK.LMeier Tobler Group AG7.31%$2.8980.26%