Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

Ta Chen Stainless Pipe Co., Ltd. (2027.TW)

Company Dividend Discount ModelIndustry: SteelSector: Basic Materials

Valuation Snapshot

Stable Growth$91.97 - $524.31$173.14
Multi-Stage$76.46 - $83.79$80.06
Blended Fair Value$126.60
Current Price$38.50
Upside228.83%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-13.29%18.62%1.131.891.400.940.922.310.330.180.170.21
YoY Growth---40.00%34.67%48.78%2.38%-60.16%593.41%83.01%8.06%-17.93%0.00%
Dividend Yield--2.30%5.19%3.70%2.33%3.62%11.27%0.97%0.88%1.36%2.03%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)6,074.48
(-) Cash Dividends Paid (M)2,342.51
(=) Cash Retained (M)3,731.97
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1,214.90759.31455.59
Cash Retained (M)3,731.973,731.973,731.97
(-) Cash Required (M)-1,214.90-759.31-455.59
(=) Excess Retained (M)2,517.072,972.663,276.38
(/) Shares Outstanding (M)2,270.462,270.462,270.46
(=) Excess Retained per Share1.111.311.44
LTM Dividend per Share1.031.031.03
(+) Excess Retained per Share1.111.311.44
(=) Adjusted Dividend2.142.342.47
WACC / Discount Rate6.35%6.35%6.35%
Growth Rate3.93%4.93%5.93%
Fair Value$91.97$173.14$524.31
Upside / Downside138.88%349.71%1,261.84%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)6,074.486,373.966,688.217,017.957,363.957,727.007,958.81
Payout Ratio38.56%48.85%59.14%69.43%79.71%90.00%92.50%
Projected Dividends (M)2,342.513,113.723,955.274,872.235,870.006,954.307,361.90

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.35%6.35%6.35%
Growth Rate3.93%4.93%5.93%
Year 1 PV (M)2,899.932,927.832,955.73
Year 2 PV (M)3,430.773,497.113,564.09
Year 3 PV (M)3,935.974,050.684,167.60
Year 4 PV (M)4,416.424,588.864,766.31
Year 5 PV (M)4,872.975,111.965,360.24
PV of Terminal Value (M)154,035.92161,590.45169,438.52
Equity Value (M)173,591.98181,766.90190,252.49
Shares Outstanding (M)2,270.462,270.462,270.46
Fair Value$76.46$80.06$83.79
Upside / Downside98.59%107.94%117.65%

High-Yield Dividend Screener

« Prev Page 17 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
PBY-UN.TOCanso Credit Trust - Canso Credit Income Fund6.89%$1.1043.72%
002267.SZShaanxi Provincial Natural Gas Co.,Ltd6.88%$0.5285.38%
0590.HKLuk Fook Holdings (International) Limited6.88%$1.6433.93%
0QPD.LAllreal Holding AG6.88%$14.0066.23%
8967.TJapan Logistics Fund, Inc.6.88%$7,165.6791.03%
3356.TWGeoVision Inc.6.87%$3.2561.01%
OPUS.BDOPUS GLOBAL Nyrt.6.87%$37.7385.10%
INK.WAInstal Kraków S.A.6.86%$2.5241.25%
NLB.ILNova Ljubljanska Banka d.d.6.86%$2.4749.72%
0148.HKKingboard Holdings Limited6.85%$2.0345.96%
3592.TWRaydium Semiconductor Corporation6.85%$15.1468.63%
ABEV3.SAAmbev S.A.6.85%$0.9391.30%
ETER3.SAEternit S.A.6.85%$0.2835.41%
HTC-R.BKHaad Thip Public Company Limited6.85%$1.0269.98%
PBAPembina Pipeline Corporation6.85%$2.6486.47%
2527.TWHung Ching Development & Construction Co., Ltd.6.84%$2.0048.52%
3466.TLaSalle LOGIPORT REIT6.84%$10,849.3675.97%
KLINIQ.BKThe Klinique Medical Clinic Public Company Limited6.82%$1.4690.74%
LPF.BKLotus's Retail Growth Freehold and Leasehold Property Fund6.82%$0.7383.53%
CLWTEuro Tech Holdings Company Limited6.81%$0.0824.63%
TMD.BKThai Metal Drum Manufacturing Public Company Limited6.80%$1.7775.56%
FID.AXFiducian Group Ltd6.79%$0.7974.24%
NNND.FTencent Holdings Limited6.79%$4.6820.82%
RIC.AXRidley Corporation Limited6.79%$0.1867.95%
8961.TMORI TRUST Sogo Reit, Inc.6.78%$5,291.8468.53%
CENCOSHOPP.SNCencosud Shopping S.A.6.78%$94.9375.52%
COVH.PACovivio Hotels6.78%$1.5487.52%
FLOYD.BKFloyd Public Company Limited6.78%$0.0834.43%
ALGIR.PASignaux Girod S.A.6.77%$1.0032.73%
0144.HKChina Merchants Port Holdings Company Limited6.76%$1.0329.79%
0512.HKGrand Pharmaceutical Group Limited6.76%$0.5341.13%
TOG.BKThai Optical Group Public Company Limited6.76%$0.4566.31%
SSF.BKSurapon Foods Public Company Limited6.75%$0.3466.42%
0RU6.LSpareBank 1 Ostlandet6.74%$13.9853.75%
2313.HKShenzhou International Group Holdings Limited6.74%$4.1853.04%
600188.SSYankuang Energy Group Company Limited6.74%$0.8977.55%
0QO2.LBurkhalter Holding AG6.73%$9.3188.33%
82331.HKLi Ning Company Limited6.73%$1.1350.46%
TBR.AXTribune Resources Limited6.73%$0.4055.86%
200512.SZTsann Kuen (China) Enterprise Co., Ltd.6.72%$0.2174.88%
C07.SIJardine Cycle & Carriage Limited6.72%$2.2847.91%
GISS.QAGulf International Services Q.P.S.C.6.72%$0.1745.22%
MELG.OLMelhus Sparebank6.72%$13.5025.36%
SGP.AXStockland6.72%$0.3982.32%
UNI.AXUniversal Store Holdings Limited6.72%$0.5481.02%
0R6M.LIntershop Holding AG6.71%$11.0031.38%
CEEB3.SACompanhia de Eletricidade do Estado da Bahia - COELBA6.71%$3.0237.99%
017940.KSE1 Corporation6.70%$5,410.2182.17%
3080.SREastern Province Cement Company6.70%$1.6056.11%
CNQCanadian Natural Resources Limited6.70%$2.3071.45%