Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Ningxia Building Materials Group Co.,Ltd (600449.SS)

Company Dividend Discount ModelIndustry: Construction MaterialsSector: Basic Materials

Valuation Snapshot

Stable Growth$3.98 - $5.64$4.80
Multi-Stage$11.46 - $12.66$12.05
Blended Fair Value$8.42
Current Price$13.17
Upside-36.04%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-3.76%-3.61%0.320.450.620.700.560.380.320.230.240.11
YoY Growth---29.35%-27.65%-11.88%25.20%46.41%18.84%38.46%-3.73%123.92%-76.36%
Dividend Yield--2.17%2.71%3.80%4.99%3.71%3.04%3.29%2.02%1.88%1.13%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)292.02
(-) Cash Dividends Paid (M)115.74
(=) Cash Retained (M)176.28
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)58.4036.5021.90
Cash Retained (M)176.28176.28176.28
(-) Cash Required (M)-58.40-36.50-21.90
(=) Excess Retained (M)117.87139.77154.37
(/) Shares Outstanding (M)464.90464.90464.90
(=) Excess Retained per Share0.250.300.33
LTM Dividend per Share0.250.250.25
(+) Excess Retained per Share0.250.300.33
(=) Adjusted Dividend0.500.550.58
WACC / Discount Rate6.32%6.32%6.32%
Growth Rate-5.61%-4.61%-3.61%
Fair Value$3.98$4.80$5.64
Upside / Downside-69.80%-63.56%-57.15%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)292.02278.56265.73253.48241.80230.66237.58
Payout Ratio39.64%49.71%59.78%69.85%79.93%90.00%92.50%
Projected Dividends (M)115.74138.47158.85177.07193.27207.59219.76

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.32%6.32%6.32%
Growth Rate-5.61%-4.61%-3.61%
Year 1 PV (M)128.88130.24131.61
Year 2 PV (M)137.61140.54143.50
Year 3 PV (M)142.76147.35152.03
Year 4 PV (M)145.03151.27157.71
Year 5 PV (M)144.99152.83161.01
PV of Terminal Value (M)4,628.294,878.705,139.84
Equity Value (M)5,327.555,600.935,885.70
Shares Outstanding (M)464.90464.90464.90
Fair Value$11.46$12.05$12.66
Upside / Downside-12.99%-8.52%-3.87%

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%