Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Zhejiang Fenglong Electric Co., Ltd. (002931.SZ)

Company Dividend Discount ModelIndustry: Industrial - MachinerySector: Industrials

Valuation Snapshot

Stable Growth$2.26 - $4.72$3.19
Multi-Stage$2.18 - $2.38$2.28
Blended Fair Value$2.74
Current Price$15.36
Upside-82.19%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS6.14%10.24%0.120.010.100.110.070.090.000.010.190.06
YoY Growth--755.02%-85.94%-6.64%60.00%-25.00%0.00%-100.00%-96.38%209.11%33.23%
Dividend Yield--0.72%0.09%0.86%0.94%0.62%0.84%0.00%0.08%2.34%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)24.93
(-) Cash Dividends Paid (M)24.14
(=) Cash Retained (M)0.79
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)4.993.121.87
Cash Retained (M)0.790.790.79
(-) Cash Required (M)-4.99-3.12-1.87
(=) Excess Retained (M)-4.19-2.33-1.08
(/) Shares Outstanding (M)199.90199.90199.90
(=) Excess Retained per Share-0.02-0.01-0.01
LTM Dividend per Share0.120.120.12
(+) Excess Retained per Share-0.02-0.01-0.01
(=) Adjusted Dividend0.100.110.12
WACC / Discount Rate8.73%8.73%8.73%
Growth Rate4.14%5.14%6.14%
Fair Value$2.26$3.19$4.72
Upside / Downside-85.27%-79.20%-69.24%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)24.9326.2127.5528.9730.4632.0232.98
Payout Ratio96.83%95.46%94.10%92.73%91.37%90.00%92.50%
Projected Dividends (M)24.1425.0225.9326.8627.8328.8230.51

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.73%8.73%8.73%
Growth Rate4.14%5.14%6.14%
Year 1 PV (M)22.7923.0123.23
Year 2 PV (M)21.5221.9322.35
Year 3 PV (M)20.3120.9021.50
Year 4 PV (M)19.1619.9120.68
Year 5 PV (M)18.0818.9719.88
PV of Terminal Value (M)334.05350.40367.38
Equity Value (M)435.91455.11475.02
Shares Outstanding (M)199.90199.90199.90
Fair Value$2.18$2.28$2.38
Upside / Downside-85.80%-85.18%-84.53%

High-Yield Dividend Screener

« Prev Page 26 of 30 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
ODFLOld Dominion Freight Line, Inc.0.69%$1.1022.00%
RRBIRed River Bancshares, Inc.0.69%$0.487.90%
SSDSimpson Manufacturing Co., Inc.0.69%$1.1413.76%
WCCWESCO International, Inc.0.69%$1.7513.38%
ALGAlamo Group Inc.0.68%$1.1511.96%
CBKCommercial Bancgroup, Inc. Common Stock0.68%$0.166.13%
IRMDIRadimed Corporation0.68%$0.6539.59%
UNFUniFirst Corporation0.68%$1.3216.37%
WTSWatts Water Technologies, Inc.0.68%$1.9019.65%
0HF3.LCencora0.67%$2.2528.12%
AITApplied Industrial Technologies, Inc.0.67%$1.7516.64%
CLMBClimb Global Solutions, Inc.0.67%$0.6814.50%
ASTHAstrana Health, Inc.0.66%$0.1786.52%
AVGOBroadcom Inc.0.66%$2.2848.18%
ENSEnerSys0.66%$0.9911.20%
HLIOHelios Technologies, Inc.0.66%$0.3635.50%
ICFIICF International, Inc.0.66%$0.5610.52%
VMCVulcan Materials Company0.66%$1.9322.82%
AAMEAtlantic American Corporation0.65%$0.027.99%
AMATApplied Materials, Inc.0.65%$1.7319.78%
CRMSalesforce, Inc.0.65%$1.6421.86%
GHCGraham Holdings Company0.65%$7.064.22%
LFACLF Capital Acquisition Corp. II0.65%$0.0724.33%
BSYBentley Systems, Incorporated0.64%$0.2530.41%
EHCEncompass Health Corporation0.64%$0.6812.77%
LADLithia Motors, Inc.0.64%$2.136.25%
PRBMParabellum Acquisition Corp.0.64%$0.065.11%
VRSNVeriSign, Inc.0.64%$1.5417.77%
AWIArmstrong World Industries, Inc.0.63%$1.2417.71%
ESQEsquire Financial Holdings, Inc.0.63%$0.6411.29%
SGISomnigroup International Inc0.63%$0.5637.60%
ULSUL Solutions Inc.0.63%$0.5130.38%
VMIValmont Industries, Inc.0.63%$2.5821.97%
ARCBArcBest Corporation0.62%$0.4811.39%
VVisa Inc.0.62%$2.1323.10%
LSXMAThe Liberty SiriusXM Group0.61%$0.141.73%
0J1R.LHCA Healthcare, Inc.0.60%$2.8110.70%
MPWRMonolithic Power Systems, Inc.0.60%$5.6614.34%
RXNZurn Water Solutions Corporation0.60%$0.3924.10%
0I47.LCostco Wholesale Corporation0.59%$5.0527.04%
DJCODaily Journal Corporation0.59%$2.954.20%
DRSLeonardo DRS, Inc.0.59%$0.2020.75%
FCNCAFirst Citizens BancShares, Inc.0.59%$12.697.01%
AMEAMETEK, Inc.0.58%$1.2019.00%
KLACKLA Corporation0.57%$7.2622.67%
SXIStandex International Corporation0.57%$1.2729.15%
RDVTRed Violet, Inc.0.56%$0.2937.32%
0IRE.LFortive Corporation0.55%$0.3016.72%
AIMCAltra Industrial Motion Corp.0.55%$0.3417.56%
BWXTBWX Technologies, Inc.0.55%$1.0029.87%