Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Zhejiang Hongchang Electrical Technology Co., Ltd. (301008.SZ)

Company Dividend Discount ModelIndustry: Hardware, Equipment & PartsSector: Technology

Valuation Snapshot

Stable Growth$3.61 - $6.12$4.70
Multi-Stage$4.52 - $4.95$4.73
Blended Fair Value$4.71
Current Price$43.46
Upside-89.15%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR20242023202220212020201920182017
DPS17.77%0.00%0.440.300.020.340.150.190.050.030.000.00
YoY Growth--45.71%1,793.30%-95.40%135.87%-24.31%292.93%88.16%0.00%0.00%0.00%
Dividend Yield--1.91%1.74%0.08%1.53%0.34%0.45%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)33.93
(-) Cash Dividends Paid (M)12.56
(=) Cash Retained (M)21.37
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)6.794.242.54
Cash Retained (M)21.3721.3721.37
(-) Cash Required (M)-6.79-4.24-2.54
(=) Excess Retained (M)14.5817.1318.83
(/) Shares Outstanding (M)116.36116.36116.36
(=) Excess Retained per Share0.130.150.16
LTM Dividend per Share0.110.110.11
(+) Excess Retained per Share0.130.150.16
(=) Adjusted Dividend0.230.260.27
WACC / Discount Rate8.50%8.50%8.50%
Growth Rate1.91%2.91%3.91%
Fair Value$3.61$4.70$6.12
Upside / Downside-91.69%-89.18%-85.93%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)33.9334.9235.9436.9838.0639.1740.35
Payout Ratio37.02%47.62%58.21%68.81%79.40%90.00%92.50%
Projected Dividends (M)12.5616.6320.9225.4530.2235.2537.32

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.50%8.50%8.50%
Growth Rate1.91%2.91%3.91%
Year 1 PV (M)15.1815.3315.47
Year 2 PV (M)17.4317.7718.12
Year 3 PV (M)19.3519.9320.51
Year 4 PV (M)20.9821.8122.67
Year 5 PV (M)22.3323.4524.61
PV of Terminal Value (M)430.19451.71474.09
Equity Value (M)525.46550.00575.48
Shares Outstanding (M)116.36116.36116.36
Fair Value$4.52$4.73$4.95
Upside / Downside-89.61%-89.12%-88.62%

High-Yield Dividend Screener

« Prev Page 19 of 30 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
SIGISelective Insurance Group, Inc.1.77%$1.4822.19%
FUSBFirst US Bancshares, Inc.1.76%$0.2526.72%
RRyder System, Inc.1.76%$3.4128.29%
RGAReinsurance Group of America, Incorporated1.75%$3.5527.34%
TFG.ASTetragon Financial Group Limited1.75%$0.303.32%
WFCWells Fargo & Company1.75%$1.6725.46%
HCKTThe Hackett Group, Inc.1.74%$0.3485.97%
LEGLeggett & Platt, Incorporated1.74%$0.1911.94%
RPRXRoyalty Pharma plc1.74%$0.6749.36%
SFBCSound Financial Bancorp, Inc.1.74%$0.7637.96%
SXTSensient Technologies Corporation1.74%$1.6350.00%
MKTXMarketAxess Holdings Inc.1.73%$3.0952.31%
PRGPROG Holdings, Inc.1.73%$0.5112.57%
STELStellar Bancorp, Inc.1.73%$0.5326.88%
UFCSUnited Fire Group, Inc.1.73%$0.6214.63%
AMALAmalgamated Financial Corp.1.72%$0.5516.32%
BKThe Bank of New York Mellon Corporation1.72%$2.0127.06%
COWNCowen Inc.1.72%$0.6733.32%
DGDollar General Corporation1.72%$2.3540.66%
AMKRAmkor Technology, Inc.1.71%$0.7359.04%
DTFDTF Tax-Free Income 2028 Term Fund Inc.1.71%$0.2080.42%
ERIEErie Indemnity Company1.71%$4.7538.59%
FLXSFlexsteel Industries, Inc.1.71%$0.6817.01%
MTCHMatch Group, Inc.1.71%$0.5425.07%
LBRTLiberty Energy Inc.1.70%$0.3228.43%
OVBCOhio Valley Banc Corp.1.70%$0.6728.36%
WTFCWintrust Financial Corporation1.70%$2.4320.92%
BANFBancFirst Corporation1.69%$1.8025.72%
BDLFlanigan's Enterprises, Inc.1.69%$0.5021.50%
CDHAXCalvert International Responsible Idx A1.69%$0.6441.92%
CINRSisecam Resources LP1.69%$0.3419.21%
EXPOExponent, Inc.1.69%$1.1858.07%
GDGeneral Dynamics Corporation1.69%$5.8037.41%
HQIHireQuest, Inc.1.69%$0.1836.36%
OTFBlue Owl Technology Finance Corp.1.69%$0.249.20%
PHINPHINIA Inc.1.68%$1.0947.78%
PTRSPartners Bancorp1.68%$0.1213.62%
RNGRRanger Energy Services, Inc.1.67%$0.2434.90%
HQHAbrdn Healthcare Investors1.66%$0.316.95%
JILLJ.Jill, Inc.1.66%$0.2310.45%
PSH.ASPershing Square Holdings, Ltd.1.65%$0.856.48%
SKTTanger Inc.1.65%$0.5558.16%
USCBUSCB Financial Holdings, Inc.1.64%$0.3018.70%
BOTJBank of the James Financial Group, Inc.1.62%$0.3026.41%
RSReliance Steel & Aluminum Co.1.62%$4.7834.66%
SCIService Corporation International1.62%$1.2533.57%
SMLPSummit Midstream Partners, LP1.62%$0.596.02%
TKRThe Timken Company1.62%$1.4032.90%
TRINLTrinity Capital Inc. - 7.00% No1.62%$0.4120.50%
CARRCarrier Global Corporation1.61%$0.8618.56%