Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Company Industry Sector

Fundamentals

Margins Returns Growth Rates Metrics/Ratios

Valuations

Projections DCF DDM EPV Multiples Valuations

Miscellaneous

Indicators Charts WACC Beta Predictability

Mode

Company Industry Sector

Ticker

Industry

Sector

Spring Airlines Co., Ltd. (601021.SS)

Company Dividend Discount ModelIndustry: Airlines, Airports & Air ServicesSector: Industrials

Valuation Snapshot

Stable Growth$346.14 - $407.81$382.18
Multi-Stage$69.82 - $76.51$73.10
Blended Fair Value$227.64
Current Price$53.48
Upside325.65%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS44.78%31.77%1.190.570.580.490.190.190.180.130.170.10
YoY Growth--110.88%-3.12%19.32%160.96%-0.02%6.95%33.86%-23.75%75.00%29.92%
Dividend Yield--2.30%0.99%0.93%1.11%0.31%0.58%0.42%0.43%0.49%0.21%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)2,004.22
(-) Cash Dividends Paid (M)330.70
(=) Cash Retained (M)1,673.52
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)400.84250.53150.32
Cash Retained (M)1,673.521,673.521,673.52
(-) Cash Required (M)-400.84-250.53-150.32
(=) Excess Retained (M)1,272.671,422.991,523.20
(/) Shares Outstanding (M)977.38977.38977.38
(=) Excess Retained per Share1.301.461.56
LTM Dividend per Share0.340.340.34
(+) Excess Retained per Share1.301.461.56
(=) Adjusted Dividend1.641.791.90
WACC / Discount Rate6.00%6.00%6.00%
Growth Rate5.50%6.50%7.50%
Fair Value$346.14$382.18$407.81
Upside / Downside547.23%614.62%662.55%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)2,004.222,134.492,273.232,420.992,578.362,745.952,828.33
Payout Ratio16.50%31.20%45.90%60.60%75.30%90.00%92.50%
Projected Dividends (M)330.70665.971,043.421,467.121,941.502,471.362,616.20

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.00%6.00%6.00%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)622.40628.30634.19
Year 2 PV (M)911.35928.71946.24
Year 3 PV (M)1,197.601,231.981,267.01
Year 4 PV (M)1,481.141,538.101,596.69
Year 5 PV (M)1,762.011,847.121,935.48
PV of Terminal Value (M)62,265.8865,273.3568,395.91
Equity Value (M)68,240.3971,447.5574,775.53
Shares Outstanding (M)977.38977.38977.38
Fair Value$69.82$73.10$76.51
Upside / Downside30.55%36.69%43.05%

High-Yield Dividend Screener

« Prev Page 18 of 30 Next »
Ticker ⇵ Company ⇵ Dividend Yield % ▼ Dividend Per Share ⇵ Payout Ratio % ⇵
HBCPHome Bancorp, Inc.1.92%$1.1019.54%
SLMSLM Corporation1.92%$0.5317.47%
UVEUniversal Insurance Holdings, Inc.1.92%$0.6114.30%
WALWestern Alliance Bancorporation1.92%$1.6420.05%
0JZ1.LMasco Corporation1.91%$1.2331.44%
0L8B.LSouthern Copper Corporation1.91%$2.8060.30%
BKRBaker Hughes Company1.91%$0.9030.82%
BPACBullpen Parlay Acquisition Company1.91%$0.2036.09%
ELVElevance Health Inc.1.91%$6.7527.56%
NGVCNatural Grocers by Vitamin Cottage, Inc.1.91%$0.4723.70%
SYBTStock Yards Bancorp, Inc.1.91%$1.2527.22%
0JVQ.LLowe's Companies, Inc.1.90%$4.6738.55%
ATERXAB Sustainable Global Thematic Fund Class R1.90%$2.8436.57%
BLLBall Corporation1.90%$1.329.47%
EAIEntergy Arkansas, Inc. 1M BD 4.875%661.90%$0.409.71%
MMCMarsh & McLennan Companies, Inc.1.90%$3.4741.48%
THOThor Industries, Inc.1.90%$2.0037.63%
TRGPTarga Resources Corp.1.90%$3.5546.50%
TTCThe Toro Company1.90%$1.5245.26%
0K8M.LNorfolk Southern Corporation1.89%$5.4241.12%
FDXFedEx Corporation1.89%$5.5432.63%
ALLThe Allstate Corporation1.87%$3.8112.13%
BERYBerry Global Group, Inc.1.87%$1.2624.23%
NHCNational HealthCare Corporation1.87%$2.4437.72%
PRDOPerdoceo Education Corporation1.87%$0.5423.03%
ABTAbbott Laboratories1.86%$2.3128.93%
TNETTriNet Group, Inc.1.86%$1.0638.35%
BTMDbiote Corp.1.85%$0.055.82%
WDFCWD-40 Company1.85%$3.6554.36%
AMTBAmerant Bancorp Inc.1.84%$0.3622.80%
BNHBrookfield Finance Inc. 4.625%1.84%$0.3070.51%
MGRCMcGrath RentCorp1.84%$1.9332.75%
NATINational Instruments Corporation1.84%$1.1082.38%
OTISOtis Worldwide Corporation1.84%$1.6347.44%
WSWorthington Steel, Inc.1.84%$0.6526.98%
KBHKB Home1.83%$1.0513.68%
WRBW. R. Berkley Corporation1.83%$1.2726.69%
PIPRPiper Sandler Companies1.82%$6.3647.91%
SFBSServisFirst Bancshares, Inc.1.82%$1.3027.90%
YUMYum! Brands, Inc.1.82%$2.7354.40%
LVSLas Vegas Sands Corp.1.81%$1.1851.99%
HNVRHanover Bancorp, Inc.1.80%$0.4126.32%
TSCOTractor Supply Company1.79%$0.9143.76%
CLIMack-Cali Realty Corporation1.78%$0.3321.71%
RRRRed Rock Resorts, Inc.1.78%$1.1260.48%
SBRSabine Royalty Trust1.78%$1.2523.02%
TMUST-Mobile US, Inc.1.78%$3.5533.70%
BWFGBankwell Financial Group, Inc.1.77%$0.8021.59%
DGXQuest Diagnostics Incorporated1.77%$3.0735.81%
JPMJPMorgan Chase & Co.1.77%$5.7527.69%