Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

GeoVision Inc. (3356.TW)

Company Dividend Discount ModelIndustry: Security & Protection ServicesSector: Industrials

Valuation Snapshot

Stable Growth$34.84 - $49.70$42.14
Multi-Stage$89.80 - $98.96$94.29
Blended Fair Value$68.21
Current Price$53.20
Upside28.22%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%-5.49%3.241.561.341.120.000.000.000.953.824.69
YoY Growth--107.14%16.67%20.00%0.00%0.00%0.00%-100.00%-75.13%-18.52%-17.50%
Dividend Yield--6.12%2.50%2.79%3.44%0.00%0.00%0.00%2.87%9.50%7.02%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)426.97
(-) Cash Dividends Paid (M)260.48
(=) Cash Retained (M)166.49
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)85.3953.3732.02
Cash Retained (M)166.49166.49166.49
(-) Cash Required (M)-85.39-53.37-32.02
(=) Excess Retained (M)81.09113.12134.47
(/) Shares Outstanding (M)80.5180.5180.51
(=) Excess Retained per Share1.011.411.67
LTM Dividend per Share3.243.243.24
(+) Excess Retained per Share1.011.411.67
(=) Adjusted Dividend4.244.644.91
WACC / Discount Rate6.79%6.79%6.79%
Growth Rate-4.81%-3.81%-2.81%
Fair Value$34.84$42.14$49.70
Upside / Downside-34.52%-20.79%-6.58%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)426.97410.72395.08380.04365.57351.65362.20
Payout Ratio61.01%66.81%72.60%78.40%84.20%90.00%92.50%
Projected Dividends (M)260.48274.38286.84297.96307.81316.49335.03

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.79%6.79%6.79%
Growth Rate-4.81%-3.81%-2.81%
Year 1 PV (M)254.27256.95259.62
Year 2 PV (M)246.34251.55256.80
Year 3 PV (M)237.14244.69252.40
Year 4 PV (M)227.03236.72246.72
Year 5 PV (M)216.32227.92240.02
PV of Terminal Value (M)6,048.526,372.976,711.19
Equity Value (M)7,229.627,590.797,966.74
Shares Outstanding (M)80.5180.5180.51
Fair Value$89.80$94.29$98.96
Upside / Downside68.80%77.23%86.01%

High-Yield Dividend Screener

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