Definitive Analysis
Definitive Analysis
Get Full Access
See Pricing Start Free Trial

HK Electric Investments and HK Electric Investments Limited (2638.HK)

Company Dividend Discount ModelIndustry: Regulated ElectricSector: Utilities

Valuation Snapshot

Stable Growth$9.62 - $17.11$12.78
Multi-Stage$18.21 - $19.98$19.08
Blended Fair Value$15.93
Current Price$5.73
Upside177.97%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-2.34%6.84%0.320.320.320.320.320.360.400.400.400.40
YoY Growth--0.00%0.00%0.00%0.00%-11.17%-9.95%0.00%0.00%0.60%140.73%
Dividend Yield--6.04%6.67%6.19%4.19%4.20%4.69%5.07%5.60%6.26%6.12%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)6,286.00
(-) Cash Dividends Paid (M)5,660.00
(=) Cash Retained (M)626.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1,257.20785.75471.45
Cash Retained (M)626.00626.00626.00
(-) Cash Required (M)-1,257.20-785.75-471.45
(=) Excess Retained (M)-631.20-159.75154.55
(/) Shares Outstanding (M)8,836.208,836.208,836.20
(=) Excess Retained per Share-0.07-0.020.02
LTM Dividend per Share0.640.640.64
(+) Excess Retained per Share-0.07-0.020.02
(=) Adjusted Dividend0.570.620.66
WACC / Discount Rate6.28%6.28%6.28%
Growth Rate0.34%1.34%2.34%
Fair Value$9.62$12.78$17.11
Upside / Downside67.87%123.00%198.54%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)6,286.006,370.386,455.886,542.546,630.366,719.366,920.94
Payout Ratio90.04%90.03%90.02%90.02%90.01%90.00%92.50%
Projected Dividends (M)5,660.005,735.455,811.905,889.375,967.876,047.426,401.87

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.28%6.28%6.28%
Growth Rate0.34%1.34%2.34%
Year 1 PV (M)5,343.345,396.595,449.84
Year 2 PV (M)5,044.395,145.445,247.48
Year 3 PV (M)4,762.174,905.975,052.64
Year 4 PV (M)4,495.744,677.654,865.03
Year 5 PV (M)4,244.214,459.964,684.39
PV of Terminal Value (M)137,017.90143,982.87151,228.25
Equity Value (M)160,907.75168,568.47176,527.62
Shares Outstanding (M)8,836.208,836.208,836.20
Fair Value$18.21$19.08$19.98
Upside / Downside217.80%232.93%248.65%

High-Yield Dividend Screener

« Prev Page 16 of 30 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
HWBKHawthorn Bancshares, Inc.2.27%$0.7724.18%
UTMDUtah Medical Products, Inc.2.27%$1.2835.35%
DKSDICK'S Sporting Goods, Inc.2.26%$4.5238.61%
EMLThe Eastern Company2.26%$0.4437.05%
SBCFSeacoast Banking Corporation of Florida2.26%$0.7143.09%
WMKWeis Markets, Inc.2.26%$1.4535.88%
0JYA.LMarathon Petroleum Corporation2.25%$3.7274.60%
FSBCFive Star Bancorp2.25%$0.8029.79%
IBMInternational Business Machines Corporation2.25%$6.5678.75%
0KYZ.LSBA Communications Corporation2.24%$4.3254.40%
BPOPPopular, Inc.2.24%$2.8224.06%
MFINMedallion Financial Corp.2.24%$0.2312.50%
MSMorgan Stanley2.24%$4.0740.12%
FXNCFirst National Corporation2.23%$0.5586.28%
BACBank of America Corporation2.22%$1.2431.97%
SSBSouthState Corporation2.22%$2.0930.58%
VLGEAVillage Super Market, Inc.2.22%$0.7720.42%
WWWWolverine World Wide, Inc.2.22%$0.4137.79%
CCBGCapital City Bank Group, Inc.2.21%$0.9326.22%
CGThe Carlyle Group Inc.2.20%$1.3476.25%
NHINational Health Investors, Inc.2.20%$1.6954.58%
VNOVornado Realty Trust2.20%$0.7315.58%
BANCBanc of California, Inc.2.19%$0.4332.44%
EBTCEnterprise Bancorp, Inc.2.19%$0.8726.66%
RHPRyman Hospitality Properties, Inc.2.19%$2.0957.31%
CDPCOPT Defense Properties2.18%$0.6045.15%
FDSFactSet Research Systems Inc.2.18%$6.2039.64%
ISBAIsabella Bank Corporation2.18%$1.1044.52%
WHWyndham Hotels & Resorts, Inc.2.18%$1.6437.28%
EFSCEnterprise Financial Services Corp2.17%$1.1722.34%
ETHGrayscale Ethereum Mini Trust2.17%$0.6434.57%
SEMSelect Medical Holdings Corporation2.17%$0.3236.19%
BFSTBusiness First Bancshares, Inc.2.16%$0.5620.21%
CWBCCommunity West Bancshares2.16%$0.4826.89%
EHTHeHealth, Inc.2.16%$0.095.60%
TPLTexas Pacific Land Corporation2.16%$6.4231.02%
CBSHCommerce Bancshares, Inc.2.15%$1.1226.40%
COLMColumbia Sportswear Company2.15%$1.2035.55%
HTHHilltop Holdings Inc.2.15%$0.7328.46%
NATHNathan's Famous, Inc.2.15%$1.9835.76%
RCKYRocky Brands, Inc.2.15%$0.6222.50%
BDXBecton, Dickinson and Company2.14%$4.1771.28%
CICigna Corporation2.14%$5.9626.01%
FBIZFirst Business Financial Services, Inc.2.14%$1.1518.19%
JBSSJohn B. Sanfilippo & Son, Inc.2.14%$1.4926.50%
JNPRJuniper Networks, Inc.2.14%$0.8682.37%
POOLPool Corporation2.14%$4.9244.68%
CSCOCisco Systems, Inc.2.13%$1.6262.56%
CSTRCapStar Financial Holdings, Inc.2.13%$0.4330.48%
HTLFHeartland Financial USA, Inc.2.13%$1.3869.73%