Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Zhongji Innolight Co., Ltd. (300308.SZ)

Company Dividend Discount ModelIndustry: Industrial - MachinerySector: Industrials

Valuation Snapshot

Stable Growth$1,297.32 - $1,528.46$1,432.39
Multi-Stage$900.08 - $988.01$943.22
Blended Fair Value$1,187.81
Current Price$403.68
Upside194.24%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS28.11%65.16%0.360.190.210.150.110.100.060.020.000.00
YoY Growth--93.04%-11.25%38.89%38.33%4.82%77.08%213.13%863.93%-32.46%21.29%
Dividend Yield--0.36%0.16%0.50%0.67%0.43%0.27%0.20%0.05%0.01%0.05%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)8,550.76
(-) Cash Dividends Paid (M)603.04
(=) Cash Retained (M)7,947.72
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1,710.151,068.84641.31
Cash Retained (M)7,947.727,947.727,947.72
(-) Cash Required (M)-1,710.15-1,068.84-641.31
(=) Excess Retained (M)6,237.576,878.887,306.42
(/) Shares Outstanding (M)1,112.581,112.581,112.58
(=) Excess Retained per Share5.616.186.57
LTM Dividend per Share0.540.540.54
(+) Excess Retained per Share5.616.186.57
(=) Adjusted Dividend6.156.727.11
WACC / Discount Rate1.80%1.80%1.80%
Growth Rate5.50%6.50%7.50%
Fair Value$1,297.32$1,432.39$1,528.46
Upside / Downside221.37%254.83%278.63%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)8,550.769,106.569,698.4810,328.8911,000.2611,715.2812,066.74
Payout Ratio7.05%23.64%40.23%56.82%73.41%90.00%92.50%
Projected Dividends (M)603.042,152.973,901.845,868.978,075.3510,543.7511,161.73

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate1.80%1.80%1.80%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)2,094.992,114.852,134.71
Year 2 PV (M)3,694.533,764.913,835.94
Year 3 PV (M)5,407.515,562.745,720.91
Year 4 PV (M)7,240.057,518.487,804.87
Year 5 PV (M)9,198.579,642.8710,104.17
PV of Terminal Value (M)973,771.311,020,804.831,069,638.43
Equity Value (M)1,001,406.971,049,408.671,099,239.03
Shares Outstanding (M)1,112.581,112.581,112.58
Fair Value$900.08$943.22$988.01
Upside / Downside122.97%133.66%144.75%

High-Yield Dividend Screener

« Prev Page 2 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
0081.HKChina Overseas Grand Oceans Group Limited15.97%$0.3160.87%
QRF.BRQrf Comm. VA15.92%$1.6488.42%
INC-UN.TOIncome Financial Trust15.90%$1.4843.23%
QRI.AXQualitas Real Estate Income Fund15.90%$0.2594.00%
9172.KLFormosa Prosonic Industries Berhad15.89%$0.1872.55%
1099.HKSinopharm Group Co. Ltd.15.88%$3.1363.13%
XBBDC.MCBanco Bradesco S.A.15.82%$0.4623.31%
LPIN.JKPT Multi Prima Sejahtera Tbk15.59%$69.5396.86%
LFG.AXLiberty Financial Group Limited15.46%$0.6679.98%
ALPDX.PAPiscines Desjoyaux S.A.15.43%$2.0088.06%
2660.HKZengame Technology Holding Limited15.29%$0.3942.93%
CD3.AXCD Private Equity Fund III15.14%$0.1791.41%
PAGSPagSeguro Digital Ltd.15.12%$1.4619.46%
0912.HKSuga International Holdings Limited15.10%$0.1669.91%
RUI.PARubis15.03%$4.8772.73%
WAM.AXWAM Capital Limited15.01%$0.2767.95%
0113.HKDickson Concepts (International) Limited15.00%$0.8467.46%
0830.HKChina State Construction Development Holdings Limited14.96%$0.1834.59%
FFARM.ASForFarmers N.V.14.96%$0.6785.82%
BM.BKBangkok Sheet Metal Public Company Limited14.94%$0.1777.02%
DGS.TODividend Growth Split Corp.14.90%$1.1529.30%
6110.HKTopsports International Holdings Limited14.83%$0.4376.21%
GLB.AXGlobe International Limited14.83%$0.3872.14%
MOT.AXMetrics Income Opportunities Trust14.82%$0.2879.33%
CIQ-UN.TOCanadian High Income Equity Fund14.80%$1.0424.28%
BBVA.DEBanco Bilbao Vizcaya Argentaria, S.A.14.69%$0.6438.92%
601169.SSBank of Beijing Co., Ltd.14.63%$0.8064.51%
0184.HKKeck Seng Investments (Hong Kong) Limited14.62%$0.3123.90%
0881.HKZhongsheng Group Holdings Limited14.56%$1.7065.93%
6626.HKYuexiu Services Group Limited14.51%$0.3664.32%
ALNU.MEPJSC ALROSA-Nyurba14.51%$9,491.6654.89%
NONG.OLSpareBank 1 Nord-Norge14.36%$21.7372.60%
0640.HKInfinity Development Holdings Company Limited14.32%$0.3651.92%
2558.HKJinshang Bank Co., Ltd.14.28%$0.2031.14%
0270.HKGuangdong Investment Limited14.27%$0.9899.44%
0517.HKCOSCO SHIPPING International (Hong Kong) Co., Ltd.14.01%$0.8888.71%
2560.HKAnhui Conch Material Technology Co Ltd14.01%$0.2449.79%
WTCM.MEJoint Stock Company "World Trade Center Moscow"13.98%$1.9924.33%
6186.HKChina Feihe Limited13.94%$0.5681.20%
601186.SSChina Railway Construction Corporation Limited13.92%$1.0764.40%
CFEB.BRCompagnie d'Entreprises CFE S.A.13.92%$1.2171.32%
PMV.AXPremier Investments Limited13.92%$1.9251.67%
601229.SSBank of Shanghai Co., Ltd.13.82%$1.4093.74%
2120.HKWenzhou Kangning Hospital Co., Ltd.13.78%$1.3769.01%
DLNGDynagas LNG Partners LP13.72%$0.5131.08%
MXT.AXMetrics Master Income Trust13.71%$0.2785.17%
0085.HKChina Electronics Huada Technology Company Limited13.70%$0.1947.52%
0046.HKComputer And Technologies Holdings Limited13.69%$0.2285.50%
601328.SSBank of Communications Co., Ltd.13.66%$0.9992.22%
AKER.OLAker ASA13.66%$106.4372.10%