Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

China Resources Microelectronics Limited (688396.SS)

Company Dividend Discount ModelIndustry: SemiconductorsSector: Technology

Valuation Snapshot

Stable Growth$6.36 - $10.15$8.08
Multi-Stage$7.03 - $7.70$7.36
Blended Fair Value$7.72
Current Price$55.55
Upside-86.10%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162010
DPS4.30%0.00%0.140.250.190.090.060.120.100.000.010.00
YoY Growth---41.47%28.99%107.22%55.09%-49.14%21.15%2,389.24%-68.47%0.00%0.00%
Dividend Yield--0.32%0.62%0.32%0.17%0.11%0.36%0.23%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)788.66
(-) Cash Dividends Paid (M)85.02
(=) Cash Retained (M)703.64
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)157.7398.5859.15
Cash Retained (M)703.64703.64703.64
(-) Cash Required (M)-157.73-98.58-59.15
(=) Excess Retained (M)545.91605.06644.49
(/) Shares Outstanding (M)1,326.041,326.041,326.04
(=) Excess Retained per Share0.410.460.49
LTM Dividend per Share0.060.060.06
(+) Excess Retained per Share0.410.460.49
(=) Adjusted Dividend0.480.520.55
WACC / Discount Rate9.95%9.95%9.95%
Growth Rate2.30%3.30%4.30%
Fair Value$6.36$8.08$10.15
Upside / Downside-88.55%-85.46%-81.73%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)788.66814.65841.50869.24897.89927.48955.30
Payout Ratio10.78%26.62%42.47%58.31%74.16%90.00%92.50%
Projected Dividends (M)85.02216.89357.37506.87665.84834.73883.66

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.95%9.95%9.95%
Growth Rate2.30%3.30%4.30%
Year 1 PV (M)195.35197.26199.17
Year 2 PV (M)289.92295.61301.36
Year 3 PV (M)370.37381.33392.52
Year 4 PV (M)438.21455.60473.50
Year 5 PV (M)494.81519.47545.11
PV of Terminal Value (M)7,536.507,912.148,302.61
Equity Value (M)9,325.169,761.4210,214.27
Shares Outstanding (M)1,326.041,326.041,326.04
Fair Value$7.03$7.36$7.70
Upside / Downside-87.34%-86.75%-86.13%

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%