Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

National Petroleum Co., Ltd. (9937.TW)

Company Dividend Discount ModelIndustry: Oil & Gas Refining & MarketingSector: Energy

Valuation Snapshot

Stable Growth$25.22 - $40.61$32.16
Multi-Stage$54.15 - $59.45$56.75
Blended Fair Value$44.45
Current Price$61.80
Upside-28.07%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.98%5.76%2.102.102.102.312.002.002.002.001.401.20
YoY Growth--0.00%0.00%-8.70%15.00%0.00%-0.02%0.02%42.86%16.67%0.00%
Dividend Yield--3.42%3.18%3.41%4.68%3.97%4.80%4.84%4.93%3.52%3.32%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)734.84
(-) Cash Dividends Paid (M)648.99
(=) Cash Retained (M)85.85
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)146.9791.8555.11
Cash Retained (M)85.8585.8585.85
(-) Cash Required (M)-146.97-91.85-55.11
(=) Excess Retained (M)-61.12-6.0130.73
(/) Shares Outstanding (M)308.35308.35308.35
(=) Excess Retained per Share-0.20-0.020.10
LTM Dividend per Share2.102.102.10
(+) Excess Retained per Share-0.20-0.020.10
(=) Adjusted Dividend1.912.092.20
WACC / Discount Rate6.46%6.46%6.46%
Growth Rate-1.02%-0.02%0.98%
Fair Value$25.22$32.16$40.61
Upside / Downside-59.19%-47.96%-34.29%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)734.84734.69734.55734.41734.26734.12756.14
Payout Ratio88.32%88.65%88.99%89.33%89.66%90.00%92.50%
Projected Dividends (M)648.99651.34653.68656.02658.37660.71699.43

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.46%6.46%6.46%
Growth Rate-1.02%-0.02%0.98%
Year 1 PV (M)605.68611.80617.92
Year 2 PV (M)565.25576.73588.32
Year 3 PV (M)527.51543.66560.14
Year 4 PV (M)492.29512.48533.30
Year 5 PV (M)459.41483.09507.74
PV of Terminal Value (M)14,045.7514,769.7515,523.31
Equity Value (M)16,695.8817,497.5118,330.72
Shares Outstanding (M)308.35308.35308.35
Fair Value$54.15$56.75$59.45
Upside / Downside-12.39%-8.18%-3.81%

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%