Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Shanghai Dazhong Public Utilities(Group) Co.,Ltd. (600635.SS)

Company Dividend Discount ModelIndustry: Regulated GasSector: Utilities

Valuation Snapshot

Stable Growth$2.30 - $3.86$2.99
Multi-Stage$6.55 - $7.22$6.88
Blended Fair Value$4.93
Current Price$5.87
Upside-15.98%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-10.00%0.49%0.120.130.150.160.170.200.160.140.110.08
YoY Growth---8.57%-15.32%-4.06%-6.95%-14.58%23.81%18.61%26.62%38.59%-31.00%
Dividend Yield--3.17%4.47%5.11%4.57%4.30%5.01%2.14%2.79%1.70%1.13%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)582.58
(-) Cash Dividends Paid (M)154.97
(=) Cash Retained (M)427.61
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)116.5272.8243.69
Cash Retained (M)427.61427.61427.61
(-) Cash Required (M)-116.52-72.82-43.69
(=) Excess Retained (M)311.09354.79383.91
(/) Shares Outstanding (M)2,953.532,953.532,953.53
(=) Excess Retained per Share0.110.120.13
LTM Dividend per Share0.050.050.05
(+) Excess Retained per Share0.110.120.13
(=) Adjusted Dividend0.160.170.18
WACC / Discount Rate5.24%5.24%5.24%
Growth Rate-1.51%-0.51%0.49%
Fair Value$2.30$2.99$3.86
Upside / Downside-60.77%-49.11%-34.22%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)582.58579.59576.62573.67570.73567.80584.84
Payout Ratio26.60%39.28%51.96%64.64%77.32%90.00%92.50%
Projected Dividends (M)154.97227.67299.62370.82441.29511.02540.97

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate5.24%5.24%5.24%
Growth Rate-1.51%-0.51%0.49%
Year 1 PV (M)214.17216.34218.52
Year 2 PV (M)265.14270.55276.01
Year 3 PV (M)308.69318.18327.88
Year 4 PV (M)345.56359.81374.50
Year 5 PV (M)376.44395.94416.24
PV of Terminal Value (M)17,827.0618,750.6719,712.17
Equity Value (M)19,337.0520,311.5021,325.32
Shares Outstanding (M)2,953.532,953.532,953.53
Fair Value$6.55$6.88$7.22
Upside / Downside11.54%17.16%23.00%

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%