Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Silvery Dragon Prestressed Materials Co., Ltd. (Tianjin) (603969.SS)

Company Dividend Discount ModelIndustry: SteelSector: Basic Materials

Valuation Snapshot

Stable Growth$4.63 - $7.62$5.96
Multi-Stage$5.11 - $5.60$5.35
Blended Fair Value$5.65
Current Price$10.77
Upside-47.51%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-7.93%7.17%0.090.080.030.090.090.140.090.110.070.04
YoY Growth--20.82%195.21%-72.56%5.42%-35.87%53.27%-16.40%55.26%62.79%-6.76%
Dividend Yield--1.53%1.35%0.54%1.74%1.97%3.50%1.39%1.68%0.93%0.66%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)341.03
(-) Cash Dividends Paid (M)26.52
(=) Cash Retained (M)314.51
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)68.2142.6325.58
Cash Retained (M)314.51314.51314.51
(-) Cash Required (M)-68.21-42.63-25.58
(=) Excess Retained (M)246.30271.88288.93
(/) Shares Outstanding (M)855.34855.34855.34
(=) Excess Retained per Share0.290.320.34
LTM Dividend per Share0.030.030.03
(+) Excess Retained per Share0.290.320.34
(=) Adjusted Dividend0.320.350.37
WACC / Discount Rate9.47%9.47%9.47%
Growth Rate2.41%3.41%4.41%
Fair Value$4.63$5.96$7.62
Upside / Downside-57.01%-44.68%-29.28%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)341.03352.67364.71377.16390.03403.35415.45
Payout Ratio7.78%24.22%40.67%57.11%73.56%90.00%92.50%
Projected Dividends (M)26.5285.42148.31215.40286.89363.01384.29

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.47%9.47%9.47%
Growth Rate2.41%3.41%4.41%
Year 1 PV (M)77.2878.0378.79
Year 2 PV (M)121.38123.76126.17
Year 3 PV (M)159.48164.20169.01
Year 4 PV (M)192.16199.78207.62
Year 5 PV (M)219.97230.92242.30
PV of Terminal Value (M)3,599.663,778.873,965.14
Equity Value (M)4,369.944,575.564,789.03
Shares Outstanding (M)855.34855.34855.34
Fair Value$5.11$5.35$5.60
Upside / Downside-52.56%-50.33%-48.01%

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%