Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker / Industry / Sector

CTEEP - Companhia de Transmissão de Energia Elétrica Paulista S.A. (TRPL4.SA)

Company Dividend Discount ModelIndustry: Independent Power ProducersSector: Utilities

Valuation Snapshot

Stable Growth$507.10 - $998.43$935.68
Multi-Stage$154.72 - $169.38$161.92
Blended Fair Value$548.80
Current Price$24.30
Upside2,158.42%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2023202220212020201920182017201620152014
DPS-21.95%165.77%0.910.154.031.131.373.130.970.170.550.64
YoY Growth--511.67%-96.32%255.44%-17.02%-56.37%224.51%479.82%-69.93%-13.91%1,246,541.18%
Dividend Yield--3.64%0.68%15.25%4.48%7.21%16.16%5.85%1.02%4.58%6.47%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)3,308.07
(-) Cash Dividends Paid (M)1,239.07
(=) Cash Retained (M)2,069.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)661.61413.51248.11
Cash Retained (M)2,069.002,069.002,069.00
(-) Cash Required (M)-661.61-413.51-248.11
(=) Excess Retained (M)1,407.391,655.491,820.90
(/) Shares Outstanding (M)658.93658.93658.93
(=) Excess Retained per Share2.142.512.76
LTM Dividend per Share1.881.881.88
(+) Excess Retained per Share2.142.512.76
(=) Adjusted Dividend4.024.394.64
WACC / Discount Rate6.34%6.34%6.34%
Growth Rate5.50%6.50%7.50%
Fair Value$507.10$935.68$998.43
Upside / Downside1,986.83%3,750.53%4,008.78%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)3,308.073,523.103,752.103,995.994,255.724,532.354,668.32
Payout Ratio37.46%47.96%58.47%68.98%79.49%90.00%92.50%
Projected Dividends (M)1,239.071,689.852,193.992,756.533,382.934,079.114,318.19

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.34%6.34%6.34%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)1,574.241,589.161,604.08
Year 2 PV (M)1,904.071,940.331,976.94
Year 3 PV (M)2,228.612,292.592,357.78
Year 4 PV (M)2,547.942,645.932,746.71
Year 5 PV (M)2,862.113,000.353,143.89
PV of Terminal Value (M)90,834.7895,222.1399,777.40
Equity Value (M)101,951.76106,690.50111,606.81
Shares Outstanding (M)658.93658.93658.93
Fair Value$154.72$161.92$169.38
Upside / Downside536.73%566.32%597.02%

High-Yield Dividend Screener

« Prev Page 26 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
600036.SSChina Merchants Bank Co., Ltd.5.46%$2.3039.04%
7296.TF.C.C. Co., Ltd.5.46%$202.4061.47%
BPF-UN.TOBoston Pizza Royalties Income Fund5.46%$1.2581.66%
SONDA.SNSonda S.A.5.46%$18.7857.64%
0062.HKTransport International Holdings Limited5.45%$0.5845.75%
AGN.ASAegon N.V.5.45%$0.3645.01%
CGCBV.HECargotec Corporation5.45%$2.1313.30%
LEVE3.SAMAHLE Metal Leve S.A.5.45%$1.8342.42%
RATCH-R.BKRatch Group Public Company Limited5.45%$1.6162.39%
071320.KSKorea District Heating Corp.5.44%$5,144.2919.59%
3051.TWOptimax Technology Corporation5.44%$1.0172.99%
LSIP.JKPT Perusahaan Perkebunan London Sumatra Indonesia Tbk5.44%$64.9923.07%
4580.TWOValue Valves Co., Ltd.5.43%$4.4379.29%
BNBR3.SABanco do Nordeste do Brasil S.A.5.43%$5.9820.89%
1866.HKChina XLX Fertiliser Ltd.5.42%$0.5022.65%
4207.TWOTaiwan Fructose Co., Ltd.5.42%$1.0061.33%
8955.TJapan Prime Realty Investment Corporation5.42%$5,726.8966.85%
8TRA.DETraton SE5.42%$1.7047.75%
AMATA.BKAmata Corporation Public Company Limited5.42%$0.9033.06%
CRECCrescera Capital Acquisition Corp.5.42%$0.5940.15%
9907.TWTon Yi Industrial Corp.5.41%$0.9770.39%
004970.KSSilla Co.,Ltd5.40%$499.3456.25%
JDE.DEJDE Peet's N.V.5.40%$1.7274.35%
0QU6.LHIAG Immobilien Holding AG5.39%$6.3944.68%
3022.TWIEI Integration Corp.5.39%$3.5169.75%
4105.TWOTTY Biopharm Company Limited5.39%$4.3568.65%
BNORDIK-CSE.COP/F BankNordik5.39%$8.3624.49%
003550.KSLG Corp.5.38%$4,358.8394.91%
2414.TWUnitech Computer Co., Ltd.5.38%$2.1971.08%
9627.SRTwareat Medical Care Co.5.38%$0.6671.63%
AMARC.BKAsia Medical and Agricultural Laboratory and Research Center Public Company Limited5.38%$0.1438.50%
MDNE3.SAMoura Dubeux Engenharia S.A.5.38%$1.2429.60%
001286.SZShaanxi Energy Investment5.37%$0.5064.09%
82020.HKANTA Sports-r5.37%$3.8940.14%
CCN.PACaisse Régionale de Crédit Agricole Mutuel de Normandie-Seine Société coopérative5.37%$7.0126.05%
ENGH.TOEnghouse Systems Limited5.37%$1.0879.39%
G07.SIGreat Eastern Holdings Limited5.37%$0.8240.54%
GEMA.JKPT Gema Grahasarana Tbk5.37%$5.1529.14%
HNK1.DEHeineken N.V.5.37%$3.7183.13%
SELER.PASelectirente5.37%$4.4033.09%
600750.SSJiang Zhong Pharmaceutical Co.,Ltd5.36%$1.2493.11%
000883.SZHubei Energy Group Co., Ltd.5.35%$0.2493.11%
039570.KSHDC I-Controls Co., Ltd.5.35%$448.0048.81%
AB9.DEABO Energy GmbH & Co. KGaA5.35%$0.6511.20%
CUP.AXCount Limited5.35%$0.068.76%
RB.SWReckitt Benckiser Group plc5.35%$2.8967.01%
0411.HKLam Soon (Hong Kong) Limited5.34%$0.6027.98%
1342.TWCathay Consolidated, Inc.5.34%$4.7687.76%
9612.SRSama Healthy Water Factory Co.5.34%$0.1039.45%
000521.SZChanghong Meiling Co., Ltd.5.33%$0.3554.63%