Definitive Analysis
Definitive Analysis

Financial Statements

Fundamentals

Valuations

Miscellaneous

Analysis Mode

Search

CTBC Financial Holding Co., Ltd. (2891.TW)

Company Dividend Discount ModelIndustry: Insurance - LifeSector: Financial Services

Valuation Snapshot

Stable Growth$254.99 - $740.05$693.53
Multi-Stage$103.86 - $113.55$108.62
Blended Fair Value$401.08
Current Price$42.90
Upside834.91%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS12.64%20.71%1.841.041.281.081.031.021.060.980.730.62
YoY Growth--76.93%-18.73%18.55%5.15%1.18%-3.91%8.22%33.33%18.16%121.07%
Dividend Yield--4.67%3.29%5.87%3.68%4.65%5.68%5.21%4.61%3.91%3.65%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)74,138.43
(-) Cash Dividends Paid (M)46,725.81
(=) Cash Retained (M)27,412.62
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)14,827.699,267.305,560.38
Cash Retained (M)27,412.6227,412.6227,412.62
(-) Cash Required (M)-14,827.69-9,267.30-5,560.38
(=) Excess Retained (M)12,584.9418,145.3221,852.24
(/) Shares Outstanding (M)19,923.3919,923.3919,923.39
(=) Excess Retained per Share0.630.911.10
LTM Dividend per Share2.352.352.35
(+) Excess Retained per Share0.630.911.10
(=) Adjusted Dividend2.983.263.44
WACC / Discount Rate6.73%6.73%6.73%
Growth Rate5.50%6.50%7.50%
Fair Value$254.99$693.53$740.05
Upside / Downside494.38%1,516.63%1,625.06%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)74,138.4378,957.4384,089.6689,555.4995,376.60101,576.08104,623.36
Payout Ratio63.03%68.42%73.82%79.21%84.61%90.00%92.50%
Projected Dividends (M)46,725.8154,022.7362,070.8370,936.9480,693.3991,418.4796,776.61

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.73%6.73%6.73%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)50,140.1950,615.4651,090.72
Year 2 PV (M)53,469.5554,487.9955,516.05
Year 3 PV (M)56,715.3958,343.4860,002.44
Year 4 PV (M)59,879.1962,181.9764,550.55
Year 5 PV (M)62,962.4266,003.5369,161.02
PV of Terminal Value (M)1,786,129.401,872,400.121,961,972.62
Equity Value (M)2,069,296.142,164,032.552,262,293.40
Shares Outstanding (M)19,923.3919,923.3919,923.39
Fair Value$103.86$108.62$113.55
Upside / Downside142.10%153.19%164.68%

High-Yield Dividend Screener

« Prev Page 18 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
CU-X.TOCanadian Utilities Limited6.70%$2.3196.15%
NACNuveen California Quality Municipal Income Fund6.70%$0.7958.10%
SMIT.BKSahamit Machinery Public Company Limited6.70%$0.2480.77%
FNTN.DEfreenet AG6.69%$1.9986.99%
2319.HKChina Mengniu Dairy Company Limited6.68%$1.0099.41%
8963.TInvincible Investment Corporation6.68%$4,300.6161.53%
PLAKR.ATPlastika Kritis S.A.6.67%$0.9734.18%
000540.KSHeungkuk Fire&Marine Insurance Co., Ltd.6.66%$237.3827.99%
2314.HKLee & Man Paper Manufacturing Limited6.66%$0.1928.93%
298020.KSHyosung TNC Corporation6.66%$14,250.7888.73%
CPTGF.BKC.P. Tower Growth Leasehold Property Fund6.66%$0.3463.33%
0QQG.LRomande Energie Holding S.A.6.65%$2.8854.24%
9924.TWTaiwan Fu Hsing Industrial Co.,Ltd.6.65%$3.4897.31%
AYUD.BKAllianz Ayudhya Capital Public Company Limited6.65%$2.3438.16%
BEES3.SABanestes S.A. - Banco do Estado do Espírito Santo6.65%$0.5447.77%
DHTDHT Holdings, Inc.6.65%$0.7862.76%
DVLA.JKPT Darya-Varia Laboratoria Tbk6.65%$110.0071.18%
BTB-UN.TOBTB Real Estate Investment Trust6.64%$0.2763.41%
0297.HKSinofert Holdings Limited6.63%$0.1040.38%
0QQ0.LBKW AG6.63%$11.1661.27%
TTW-R.BKTTW Public Company Limited6.63%$0.6076.46%
000001.SZPing An Bank Co., Ltd.6.62%$0.7533.97%
5519.TWLongDa Construction & Development Corporation6.62%$2.1773.27%
AKHI.QAAl Khaleej Takaful Insurance Company Q.P.S.C.6.62%$0.1562.13%
DEXP3.SADexxos Participações S.A.6.61%$0.5235.77%
PLZ-UN.TOPlaza Retail REIT6.60%$0.2887.93%
0900.HKAEON Credit Service (Asia) Company Limited6.59%$0.4847.12%
4001.SRAbdullah Al-Othaim Markets Company6.59%$0.4169.57%
9942.TWNAK Sealing Technologies Corporation6.59%$6.9983.55%
QFLS.QAQatar Fuel Company Q.P.S.C.("WOQOD")6.59%$1.0096.27%
AD-UN.TOAlaris Equity Partners Income Trust6.58%$1.3646.26%
ARF.AXArena REIT6.58%$0.2367.19%
BVI.PABureau Veritas S.A.6.58%$1.7768.58%
9677.HKWeihai Bank Co., Ltd. Class H6.57%$0.1837.27%
LI.PAKlépierre6.57%$2.1940.55%
SIME.KLSime Darby Berhad6.57%$0.1445.15%
KER.PAKering S.A.6.56%$19.9987.42%
MING.OLSpareBank 1 SMN6.56%$13.2942.26%
024090.KSDCM Corp.6.55%$791.6575.82%
EMSN.SWEms-Chemie Holding AG6.55%$36.0191.24%
HVN.AXHarvey Norman Holdings Limited6.55%$0.4665.85%
LALIN.BKLalin Property Public Company Limited6.54%$0.3261.45%
0636.HKKLN Logistics Group Limited6.53%$0.4728.09%
0JSU.LSipef N.V.6.53%$5.3834.04%
0QF8.LAktia Pankki Oyj6.53%$0.8292.48%
INTRInter & Co, Inc.6.53%$0.5520.40%
0028.HKTian An China Investments Company Limited6.52%$0.3015.83%
4190.SRJarir Marketing Company6.52%$0.8499.34%
ONEE.BKThe ONE Enterprise Public Company Limited6.52%$0.1489.05%
0119.HKPoly Property Group Co., Limited6.51%$0.1338.03%