Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Company Industry Sector

Fundamentals

Margins Returns Growth Rates Metrics/Ratios

Valuations

Projections DCF DDM EPV Multiples Valuations

Miscellaneous

Indicators Charts WACC Beta Predictability

Mode

Company Industry Sector

Ticker

Industry

Sector

Western Securities Co., Ltd. (002673.SZ)

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

Valuation Snapshot

Stable Growth$26.40 - $85.44$80.07
Multi-Stage$11.44 - $12.51$11.96
Blended Fair Value$46.02
Current Price$8.58
Upside436.33%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS26.91%27.84%0.250.170.210.140.080.080.120.170.270.09
YoY Growth--45.28%-18.33%50.93%65.69%10.97%-34.25%-33.72%-34.50%200.89%312.24%
Dividend Yield--3.20%2.45%3.30%1.93%0.95%0.92%0.99%1.79%1.66%0.37%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,917.98
(-) Cash Dividends Paid (M)975.19
(=) Cash Retained (M)942.79
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)383.60239.75143.85
Cash Retained (M)942.79942.79942.79
(-) Cash Required (M)-383.60-239.75-143.85
(=) Excess Retained (M)559.19703.04798.94
(/) Shares Outstanding (M)4,464.344,464.344,464.34
(=) Excess Retained per Share0.130.160.18
LTM Dividend per Share0.220.220.22
(+) Excess Retained per Share0.130.160.18
(=) Adjusted Dividend0.340.380.40
WACC / Discount Rate6.87%6.87%6.87%
Growth Rate5.50%6.50%7.50%
Fair Value$26.40$80.07$85.44
Upside / Downside207.74%833.22%895.81%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,917.982,042.642,175.422,316.822,467.412,627.792,706.63
Payout Ratio50.84%58.68%66.51%74.34%82.17%90.00%92.50%
Projected Dividends (M)975.191,198.531,446.801,722.272,027.442,365.012,503.63

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.87%6.87%6.87%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)1,110.921,121.451,131.98
Year 2 PV (M)1,243.011,266.691,290.59
Year 3 PV (M)1,371.521,410.891,451.01
Year 4 PV (M)1,496.521,554.081,613.27
Year 5 PV (M)1,618.091,696.241,777.39
PV of Terminal Value (M)44,224.1146,360.1648,577.95
Equity Value (M)51,064.1853,409.5155,842.19
Shares Outstanding (M)4,464.344,464.344,464.34
Fair Value$11.44$11.96$12.51
Upside / Downside33.31%39.44%45.79%

High-Yield Dividend Screener

« Prev Page 29 of 30 Next »
Ticker ⇵ Company ⇵ Dividend Yield % ▼ Dividend Per Share ⇵ Payout Ratio % ⇵
BTBTBit Digital, Inc.0.25%$0.011.17%
PVHPVH Corp.0.25%$0.172.41%
AELAmerican Equity Investment Life Holding Company0.24%$0.142.19%
CRSCarpenter Technology Corporation0.24%$0.809.74%
LLoews Corporation0.24%$0.253.58%
PRIMPrimoris Services Corporation0.23%$0.305.83%
TERTeradyne, Inc.0.23%$0.4817.39%
FOCSFocus Financial Partners Inc.0.22%$0.1219.23%
QCRHQCR Holdings, Inc.0.22%$0.182.50%
RMAXRE/MAX Holdings, Inc.0.22%$0.022.70%
VSECVSE Corporation0.22%$0.4030.98%
0J5I.LHilton Worldwide Holdings Inc.0.21%$0.608.71%
PRVAXVirginia Tax Free Bond Fund0.21%$0.0289.04%
ACAArcosa, Inc.0.19%$0.206.66%
HWMHowmet Aerospace Inc.0.19%$0.4011.24%
USLMUnited States Lime & Minerals, Inc.0.19%$0.235.04%
AEISAdvanced Energy Industries, Inc.0.18%$0.4010.65%
BELFABel Fuse Inc.0.18%$0.285.31%
TILEInterface, Inc.0.18%$0.052.63%
0K05.LMedifast, Inc.0.17%$0.0278.63%
AYIAcuity Brands, Inc.0.17%$0.655.19%
BDCBelden Inc.0.17%$0.203.53%
FIXComfort Systems USA, Inc.0.17%$1.707.18%
KNSLKinsale Capital Group, Inc.0.17%$0.663.24%
STCNSteel Connect, Inc.0.17%$0.021.98%
VVIViad Corp0.17%$0.070.54%
ALNTAllient Inc.0.16%$0.097.91%
CLSKCleanSpark, Inc.0.16%$0.021.41%
EMEEMCOR Group, Inc.0.16%$1.014.01%
ESEESCO Technologies Inc.0.16%$0.322.76%
CWCurtiss-Wright Corporation0.15%$0.877.08%
MUMicron Technology, Inc.0.15%$0.466.11%
SPCMUSound Point Acquisition Corp I, Ltd0.15%$0.021.33%
ENSGThe Ensign Group, Inc.0.14%$0.244.34%
JBLJabil Inc.0.14%$0.335.48%
PFIEProfire Energy, Inc.0.14%$0.001.99%
0R0A.LHecla Mining Company0.13%$0.025.24%
GNWGenworth Financial, Inc.0.13%$0.012.27%
ONITOnity Group Inc.0.13%$0.061.46%
0A7O.LMicroStrategy Incorporated0.12%$0.190.73%
0KGS.LPegasystems Inc.0.12%$0.074.63%
PRTAXT. Rowe Price Tax-Free Income Fd0.12%$0.0189.04%
WDCWestern Digital Corporation0.12%$0.223.25%
GEVGE Vernova Inc.0.11%$0.7512.15%
MPLF.LMarble Point Loan Financing Limited0.11%$0.0792.98%
EPACEnerpac Tool Group Corp.0.10%$0.042.34%
GRBKGreen Brick Partners, Inc.0.10%$0.070.85%
IRIngersoll Rand Inc.0.10%$0.085.89%
RALRalliant Corp.0.10%$0.052.75%
TXTTextron Inc.0.10%$0.081.79%