Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

CQS New City High Yield Fund Limited (NCYF.L)

Company Dividend Discount ModelIndustry: Asset ManagementSector: Financial Services

Valuation Snapshot

Stable Growth$1.77 - $3.40$2.42
Multi-Stage$1.68 - $1.83$1.76
Blended Fair Value$2.09
Current Price$0.51
Upside306.49%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS6.27%6.81%0.050.040.040.040.030.030.030.030.030.03
YoY Growth--7.79%8.55%7.60%5.03%2.50%4.89%7.31%5.78%1.98%17.42%
Dividend Yield--8.99%8.31%8.48%7.17%6.33%7.09%5.33%4.92%4.55%4.97%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)60.87
(-) Cash Dividends Paid (M)49.59
(=) Cash Retained (M)11.28
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)12.177.614.57
Cash Retained (M)11.2811.2811.28
(-) Cash Required (M)-12.17-7.61-4.57
(=) Excess Retained (M)-0.893.676.72
(/) Shares Outstanding (M)556.57556.57556.57
(=) Excess Retained per Share0.000.010.01
LTM Dividend per Share0.090.090.09
(+) Excess Retained per Share0.000.010.01
(=) Adjusted Dividend0.090.100.10
WACC / Discount Rate9.43%9.43%9.43%
Growth Rate4.27%5.27%6.27%
Fair Value$1.77$2.42$3.40
Upside / Downside244.05%371.26%562.12%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)60.8764.0867.4671.0174.7678.7081.06
Payout Ratio81.46%83.17%84.88%86.59%88.29%90.00%92.50%
Projected Dividends (M)49.5953.3057.2661.4966.0170.8374.98

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.43%9.43%9.43%
Growth Rate4.27%5.27%6.27%
Year 1 PV (M)48.2448.7049.17
Year 2 PV (M)46.9147.8148.73
Year 3 PV (M)45.6046.9248.27
Year 4 PV (M)44.3046.0347.80
Year 5 PV (M)43.0345.1447.32
PV of Terminal Value (M)708.39743.01778.98
Equity Value (M)936.47977.611,020.27
Shares Outstanding (M)556.57556.57556.57
Fair Value$1.68$1.76$1.83
Upside / Downside227.35%241.73%256.64%

High-Yield Dividend Screener

« Prev Page 20 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
PZU.WAPowszechny Zaklad Ubezpieczen S.A.6.34%$4.3461.18%
TIMS3.SATIM S.A.6.34%$1.3782.19%
5027.KLKim Loong Resources Berhad6.33%$0.1590.58%
600177.SSYoungor Group Co.,Ltd6.33%$0.4885.43%
MQG.AXMacquarie Group Limited6.33%$12.8967.45%
1286.HKImpro Precision Industries Limited6.32%$0.3247.46%
2199.HKRegina Miracle International (Holdings) Limited6.32%$0.1551.30%
4331.SRAljazira Mawten REIT Fund6.32%$0.7471.72%
8284.TWOMitake Information Corporation6.32%$3.9988.71%
B7E.DEBlue Cap AG6.32%$1.0945.09%
SHAF.SWSchaeffler AG6.32%$0.4699.67%
2069.TWYuen Chang Stainless Steel Co., Ltd.6.31%$1.1672.53%
603369.SSJiangsu King's Luck Brewery Joint-Stock Co., Ltd.6.31%$2.2095.23%
035600.KQKginicis Co.,Ltd6.30%$640.7433.42%
3859.KLMagnum Berhad6.30%$0.0963.20%
600582.SSTiandi Science & Technology Co.Ltd6.29%$0.3754.45%
6281.TWE-Life Corporation6.29%$3.9796.34%
8953.TJapan Metropolitan Fund Investment Corporation6.29%$7,808.7582.66%
KYE.BKKang Yong Electric Public Company Limited6.29%$17.8046.83%
3130.TW104 Corporation6.28%$14.0798.54%
601658.SSPostal Savings Bank of China Co., Ltd.6.28%$0.3446.63%
005257.KSGreen Cross Holdings Corporation6.27%$1,649.8533.43%
4138.TWODynamic Medical Technologies Inc.6.27%$3.7785.97%
4383.KLJaya Tiasa Holdings Berhad6.27%$0.0740.20%
AH-R.BKAAPICO Hitech Public Company Limited6.27%$0.7935.60%
1093.HKCSPC Pharmaceutical Group Limited6.26%$0.5359.84%
1397.HKBaguio Green Group Limited6.26%$0.0721.64%
005440.KSHyundai Green Food Co.,Ltd.6.25%$501.5314.65%
0506.HKChina Foods Limited6.25%$0.2744.98%
0RFX.LBell Food Group AG6.25%$14.0034.79%
1345.HKShanghai Pioneer Holding Ltd6.25%$0.1461.06%
M-PAT.BKMFC Patong Heritage Property Fund6.25%$0.1267.74%
PRV-UN.TOPro Real Estate Investment Trust6.25%$0.4177.89%
2006.TWTung Ho Steel Enterprise Corporation6.24%$3.9966.06%
600867.SSTonghua Dongbao Pharmaceutical Co., Ltd.6.24%$0.5180.83%
CEKA.JKPT Wilmar Cahaya Indonesia Tbk.6.22%$149.7933.39%
TSFA.FTaiwan Semiconductor Manufacturing Company Limited6.22%$17.0027.78%
002061.SZZhejiang Communications Technology Co., Ltd.6.21%$0.2555.66%
003410.KSSsangYong C&E Co., Ltd.6.21%$434.4384.58%
6170.TWOWelldone Company6.21%$3.0864.20%
7480.TSuzuden Corporation6.21%$104.5987.83%
HMPRO-R.BKHome Product Center Public Company Limited6.21%$0.4187.39%
IPCC.JKPT Indonesia Kendaraan Terminal Tbk6.21%$86.9664.44%
4532.TWRechi Precision Co., Ltd.6.20%$1.5172.65%
OPM.PAOPmobility6.20%$1.0244.93%
BCVN.SWBanque Cantonale Vaudoise6.19%$6.2168.66%
MF.PAWendel6.19%$5.0581.14%
OVS.MIOVS S.p.A.6.19%$0.3079.04%
A5G.IRAIB Group plc6.18%$0.5848.87%
BEK-B.TOThe Becker Milk Company Limited6.18%$0.8047.42%