Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Changzheng Engineering Co.,LTD (603698.SS)

Company Dividend Discount ModelIndustry: Engineering & ConstructionSector: Industrials

Valuation Snapshot

Stable Growth$61.77 - $72.77$68.20
Multi-Stage$45.41 - $49.81$47.57
Blended Fair Value$57.88
Current Price$20.85
Upside177.61%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%-2.98%0.270.100.090.100.090.000.110.090.170.05
YoY Growth--178.41%11.41%-12.49%15.60%0.00%-100.00%17.50%-44.44%242.86%-86.88%
Dividend Yield--1.56%0.73%0.59%0.74%0.57%0.00%0.75%0.64%0.74%0.21%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)196.12
(-) Cash Dividends Paid (M)156.34
(=) Cash Retained (M)39.78
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)39.2224.5214.71
Cash Retained (M)39.7839.7839.78
(-) Cash Required (M)-39.22-24.52-14.71
(=) Excess Retained (M)0.5515.2625.07
(/) Shares Outstanding (M)535.99535.99535.99
(=) Excess Retained per Share0.000.030.05
LTM Dividend per Share0.290.290.29
(+) Excess Retained per Share0.000.030.05
(=) Adjusted Dividend0.290.320.34
WACC / Discount Rate0.88%0.88%0.88%
Growth Rate5.50%6.50%7.50%
Fair Value$61.77$68.20$72.77
Upside / Downside196.24%227.08%249.02%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)196.12208.87222.45236.91252.30268.70276.77
Payout Ratio79.72%81.77%83.83%85.89%87.94%90.00%92.50%
Projected Dividends (M)156.34170.80186.48203.47221.89241.83256.01

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate0.88%0.88%0.88%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)167.72169.31170.90
Year 2 PV (M)179.80183.23186.69
Year 3 PV (M)192.64198.17203.81
Year 4 PV (M)206.28214.22222.38
Year 5 PV (M)220.77231.43242.50
PV of Terminal Value (M)23,370.8824,499.7025,671.72
Equity Value (M)24,338.0925,496.0626,698.00
Shares Outstanding (M)535.99535.99535.99
Fair Value$45.41$47.57$49.81
Upside / Downside117.78%128.14%138.90%

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%