Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Guangdong Songfa Ceramics Co.,Ltd. (603268.SS)

Company Dividend Discount ModelIndustry: Furnishings, Fixtures & AppliancesSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$18.78 - $25.31$22.12
Multi-Stage$27.94 - $30.74$29.31
Blended Fair Value$25.72
Current Price$48.05
Upside-46.48%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-26.05%-2.93%0.020.030.040.040.050.100.110.070.030.03
YoY Growth---29.35%-26.41%3.63%-24.14%-45.91%-8.18%47.94%173.42%-5.00%-4.76%
Dividend Yield--0.07%0.17%0.30%0.17%0.31%0.70%0.56%0.39%0.08%0.09%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,255.02
(-) Cash Dividends Paid (M)132.00
(=) Cash Retained (M)1,123.01
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)251.00156.8894.13
Cash Retained (M)1,123.011,123.011,123.01
(-) Cash Required (M)-251.00-156.88-94.13
(=) Excess Retained (M)872.01966.141,028.89
(/) Shares Outstanding (M)315.37315.37315.37
(=) Excess Retained per Share2.773.063.26
LTM Dividend per Share0.420.420.42
(+) Excess Retained per Share2.773.063.26
(=) Adjusted Dividend3.183.483.68
WACC / Discount Rate11.19%11.19%11.19%
Growth Rate-4.93%-3.93%-2.93%
Fair Value$18.78$22.12$25.31
Upside / Downside-60.92%-53.96%-47.34%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,255.021,205.721,158.361,112.851,069.141,027.141,057.95
Payout Ratio10.52%26.41%42.31%58.21%74.10%90.00%92.50%
Projected Dividends (M)132.00318.48490.11647.76792.27924.43978.61

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate11.19%11.19%11.19%
Growth Rate-4.93%-3.93%-2.93%
Year 1 PV (M)283.44286.42289.41
Year 2 PV (M)388.20396.41404.70
Year 3 PV (M)456.62471.18486.05
Year 4 PV (M)497.04518.29540.21
Year 5 PV (M)516.15543.87572.77
PV of Terminal Value (M)6,669.567,027.787,401.23
Equity Value (M)8,811.029,243.969,694.37
Shares Outstanding (M)315.37315.37315.37
Fair Value$27.94$29.31$30.74
Upside / Downside-41.85%-39.00%-36.03%

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%