Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Southwest Securities Co., Ltd. (600369.SS)

Company Dividend Discount ModelIndustry: Financial - Capital MarketsSector: Financial Services

Valuation Snapshot

Stable Growth$1.16 - $1.74$1.44
Multi-Stage$3.74 - $4.13$3.93
Blended Fair Value$2.68
Current Price$4.75
Upside-43.52%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-1.97%8.05%0.140.110.190.230.210.160.170.200.260.17
YoY Growth--24.76%-41.92%-14.69%8.69%34.70%-7.36%-17.76%-20.26%47.21%167.98%
Dividend Yield--3.23%2.86%4.98%5.22%4.48%3.43%2.98%4.68%4.11%2.04%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)922.12
(-) Cash Dividends Paid (M)251.31
(=) Cash Retained (M)670.81
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)184.42115.2769.16
Cash Retained (M)670.81670.81670.81
(-) Cash Required (M)-184.42-115.27-69.16
(=) Excess Retained (M)486.39555.55601.65
(/) Shares Outstanding (M)6,419.316,419.316,419.31
(=) Excess Retained per Share0.080.090.09
LTM Dividend per Share0.040.040.04
(+) Excess Retained per Share0.080.090.09
(=) Adjusted Dividend0.110.130.13
WACC / Discount Rate5.52%5.52%5.52%
Growth Rate-3.97%-2.97%-1.97%
Fair Value$1.16$1.44$1.74
Upside / Downside-75.52%-69.76%-63.39%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)922.12894.70868.09842.27817.23792.92816.71
Payout Ratio27.25%39.80%52.35%64.90%77.45%90.00%92.50%
Projected Dividends (M)251.31356.11454.46546.65632.95713.63755.46

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate5.52%5.52%5.52%
Growth Rate-3.97%-2.97%-1.97%
Year 1 PV (M)334.02337.50340.98
Year 2 PV (M)399.82408.19416.64
Year 3 PV (M)451.08465.32479.85
Year 4 PV (M)489.88510.61531.99
Year 5 PV (M)518.06545.60574.30
PV of Terminal Value (M)21,795.3322,954.0824,161.60
Equity Value (M)23,988.1925,221.3026,505.37
Shares Outstanding (M)6,419.316,419.316,419.31
Fair Value$3.74$3.93$4.13
Upside / Downside-21.33%-17.28%-13.07%

High-Yield Dividend Screener

« Prev Page 22 of 30 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
0K58.LNOV Inc.1.29%$0.2015.83%
CONConcentra Group Holdings Parent, Inc.1.29%$0.2520.88%
CSGSCSG Systems International, Inc.1.28%$0.9832.90%
CSLCarlisle Companies Incorporated1.28%$4.2023.23%
JKHYJack Henry & Associates, Inc.1.28%$2.2934.69%
MSAMSA Safety Incorporated1.28%$2.0829.19%
PAHCPhibro Animal Health Corporation1.28%$0.4828.68%
WMGWarner Music Group Corp.1.28%$0.3961.67%
0K4C.LNRG Energy, Inc.1.27%$2.1028.38%
DCIDonaldson Company, Inc.1.27%$1.1435.14%
TEXTerex Corporation1.27%$0.7029.49%
BCCBoise Cascade Company1.26%$0.9318.09%
BCMLBayCom Corp1.25%$0.3616.94%
MSCIMSCI Inc.1.25%$7.0744.68%
PRMWPrimo Water Corporation1.25%$0.3561.28%
ESIElement Solutions Inc1.24%$0.3232.50%
LECOLincoln Electric Holdings, Inc.1.23%$3.0031.76%
MCRIMonarch Casino & Resort, Inc.1.23%$1.1826.69%
PBI-PBPitney Bowes Inc. NT 431.23%$0.2561.37%
RJFRaymond James Financial, Inc.1.23%$2.0119.48%
WFRDWeatherford International plc1.23%$1.0017.78%
AMPAmeriprise Financial, Inc.1.22%$6.0416.30%
BRCBrady Corporation1.22%$0.9623.25%
GCBCGreene County Bancorp, Inc.1.21%$0.2613.26%
RICKRCI Hospitality Holdings, Inc.1.21%$0.2815.00%
ABCAmerisourceBergen Corporation1.20%$2.2528.12%
EQBKEquity Bancshares, Inc.1.20%$0.5458.24%
HMNFHMN Financial, Inc.1.20%$0.3428.27%
IBPInstalled Building Products, Inc.1.20%$3.2234.18%
CHHChoice Hotels International, Inc.1.19%$1.1513.93%
EQCEquity Commonwealth1.19%$0.028.60%
FLSFlowserve Corporation1.19%$0.8424.35%
ICEIntercontinental Exchange, Inc.1.19%$1.9033.71%
LNNLindsay Corporation1.19%$1.4421.27%
INGMIngram Micro Holding Corporation1.18%$0.2520.42%
RBARB Global, Inc.1.18%$1.2252.13%
SEICSEI Investments Company1.18%$0.9817.66%
HEESH&E Equipment Services, Inc.1.17%$1.1144.29%
WSFSWSFS Financial Corporation1.17%$0.6413.17%
ASTEAstec Industries, Inc.1.16%$0.5224.84%
GFGDThe Growth for Good Acquisition Corporation1.16%$0.1242.35%
HUBGHub Group, Inc.1.16%$0.5028.58%
NWSNews Corporation1.16%$0.3516.79%
FCXFreeport-McMoRan Inc.1.15%$0.6041.87%
GFFGriffon Corporation1.15%$0.8677.66%
LHLabcorp Holdings Inc.1.15%$2.8928.24%
YAFIXAMG Funds - AMG Yacktman Focused Fund1.15%$0.2227.84%
0L1G.LSS&C Technologies Holdings, Inc.1.14%$0.9929.41%
0M29.LXylem Inc.1.14%$1.5640.08%
DHID.R. Horton, Inc.1.14%$1.6613.80%