Definitive Analysis
Loading...
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

Mode

Company Industry Sector

Ticker

Industry

Sector

SPIC Industry-Finance Holdings Co., Ltd. (000958.SZ)

Company Dividend Discount ModelIndustry: Regulated ElectricSector: Utilities

Valuation Snapshot

Stable Growth$17.95 - $33.15$31.07
Multi-Stage$5.30 - $5.80$5.54
Blended Fair Value$18.31
Current Price$6.54
Upside179.91%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS12.95%12.78%0.150.140.170.160.280.080.100.040.010.02
YoY Growth--11.11%-20.79%8.84%-44.10%243.36%-19.81%144.36%399.87%-59.20%-54.70%
Dividend Yield--2.22%3.57%3.98%2.75%5.52%1.90%1.89%0.91%0.12%0.27%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)897.44
(-) Cash Dividends Paid (M)543.73
(=) Cash Retained (M)353.71
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)179.49112.1867.31
Cash Retained (M)353.71353.71353.71
(-) Cash Required (M)-179.49-112.18-67.31
(=) Excess Retained (M)174.22241.53286.40
(/) Shares Outstanding (M)5,383.365,383.365,383.36
(=) Excess Retained per Share0.030.040.05
LTM Dividend per Share0.100.100.10
(+) Excess Retained per Share0.030.040.05
(=) Adjusted Dividend0.130.150.15
WACC / Discount Rate6.28%6.28%6.28%
Growth Rate5.50%6.50%7.50%
Fair Value$17.95$31.07$33.15
Upside / Downside174.53%375.07%406.94%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)897.44955.771,017.901,084.061,154.531,229.571,266.46
Payout Ratio60.59%66.47%72.35%78.23%84.12%90.00%92.50%
Projected Dividends (M)543.73635.30736.47848.11971.161,106.611,171.47

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.28%6.28%6.28%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)592.12597.74603.35
Year 2 PV (M)639.78651.96664.26
Year 3 PV (M)686.69706.41726.49
Year 4 PV (M)732.88761.07790.06
Year 5 PV (M)778.35815.95854.98
PV of Terminal Value (M)25,093.2426,305.2627,563.66
Equity Value (M)28,523.0829,838.3831,202.80
Shares Outstanding (M)5,383.365,383.365,383.36
Fair Value$5.30$5.54$5.80
Upside / Downside-18.99%-15.25%-11.37%

High-Yield Dividend Screener

« Prev Page 15 of 30 Next »
Ticker ⇵ Company ⇵ Dividend Yield % ▼ Dividend Per Share ⇵ Payout Ratio % ⇵
0R28.LNewmont Corporation2.49%$1.0115.53%
ETREntergy Corporation2.49%$2.3457.35%
NKENIKE, Inc.2.49%$1.5880.59%
OTTROtter Tail Corporation2.49%$2.0330.69%
FHNFirst Horizon Corporation2.48%$0.6034.42%
PWPPerella Weinberg Partners2.48%$0.4469.65%
SCSSteelcase Inc.2.48%$0.4050.05%
PBIPitney Bowes Inc.2.46%$0.2561.37%
RBCAARepublic Bancorp, Inc.2.45%$1.6725.85%
SRCE1st Source Corporation2.45%$1.5325.20%
TRMKTrustmark Corporation2.45%$0.9626.11%
VOYAVoya Financial, Inc.2.45%$1.8629.46%
AWKAmerican Water Works Company, Inc.2.44%$3.1855.85%
LSTRLandstar System, Inc.2.44%$3.5890.21%
NGLNGL Energy Partners LP2.44%$0.2424.52%
TCFCThe Community Financial Corporation2.44%$0.6612.72%
CADECadence Bank2.43%$1.0537.49%
JNJJohnson & Johnson2.43%$5.0448.70%
MBCNMiddlefield Banc Corp.2.43%$0.8342.36%
0L7G.LSnap-on Incorporated2.42%$8.4344.15%
ITWIllinois Tool Works Inc.2.42%$6.0458.20%
MOFGMidWestOne Financial Group, Inc.2.40%$0.9232.44%
FFINFirst Financial Bankshares, Inc.2.39%$0.7242.45%
ADPAutomatic Data Processing, Inc.2.38%$6.0359.30%
CALCaleres, Inc.2.38%$0.2946.21%
ABMABM Industries Incorporated2.37%$1.0154.79%
FUNCFirst United Corporation2.36%$0.8822.87%
HONHoneywell International Inc.2.36%$4.6348.21%
RILYKB. Riley Financial, Inc. 5.50% Senior Notes Due 20262.36%$0.5856.91%
CDWCDW Corporation2.35%$3.1439.31%
CHMGChemung Financial Corporation2.35%$1.2846.47%
LZBLa-Z-Boy Incorporated2.35%$0.8840.20%
PKGPackaging Corporation of America2.35%$4.9750.31%
UNPUnion Pacific Corporation2.35%$5.4445.77%
0K91.LNorthern Trust Corporation2.34%$3.2035.68%
MCDMcDonald's Corporation2.33%$7.0760.14%
MGEEMGE Energy, Inc.2.32%$1.8249.49%
MZTIThe Marzetti Company2.32%$3.8261.80%
UNMUnum Group2.32%$1.7933.52%
RILYMB. Riley Financial, Inc. - 6.372.31%$0.5856.91%
RILYOB. Riley Financial, Inc. - 6.752.31%$0.5856.91%
HONIVHoneywell International Inc. Common Stock Ex Distribution When Issued2.30%$4.6348.21%
PGRThe Progressive Corporation2.30%$4.8826.80%
WNEBWestern New England Bancorp, Inc.2.30%$0.2843.00%
0R23.LHalliburton Company2.29%$0.6844.61%
ADSBread Financial Holdings, Inc.2.29%$1.3021.08%
HLNEHamilton Lane Incorporated2.29%$3.1374.09%
BSVNBank7 Corp.2.28%$0.9420.81%
MCBCMacatawa Bank Corporation2.28%$0.3428.37%
BRKLBrookline Bancorp, Inc.2.27%$0.5461.06%