Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

JSE Limited (JSE.JO)

Company Dividend Discount ModelIndustry: Financial - Data & Stock ExchangesSector: Financial Services

Valuation Snapshot

Stable Growth$326.28 - $598.82$438.82
Multi-Stage$295.31 - $322.43$308.62
Blended Fair Value$373.72
Current Price$133.27
Upside180.42%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-1.95%6.62%7.957.788.677.388.568.776.325.866.545.02
YoY Growth--2.14%-10.23%17.43%-13.78%-2.39%38.69%7.92%-10.36%30.29%19.88%
Dividend Yield--6.58%8.42%7.99%6.59%7.61%7.34%3.82%3.82%3.98%3.92%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,813.76
(-) Cash Dividends Paid (M)659.84
(=) Cash Retained (M)1,153.91
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)362.75226.72136.03
Cash Retained (M)1,153.911,153.911,153.91
(-) Cash Required (M)-362.75-226.72-136.03
(=) Excess Retained (M)791.16927.191,017.88
(/) Shares Outstanding (M)83.0283.0283.02
(=) Excess Retained per Share9.5311.1712.26
LTM Dividend per Share7.957.957.95
(+) Excess Retained per Share9.5311.1712.26
(=) Adjusted Dividend17.4819.1220.21
WACC / Discount Rate9.91%9.91%9.91%
Growth Rate4.32%5.32%6.32%
Fair Value$326.28$438.82$598.82
Upside / Downside144.82%229.27%349.33%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,813.761,910.232,011.842,118.852,231.552,350.252,420.76
Payout Ratio36.38%47.10%57.83%68.55%79.28%90.00%92.50%
Projected Dividends (M)659.84899.791,163.401,452.511,769.092,115.232,239.20

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.91%9.91%9.91%
Growth Rate4.32%5.32%6.32%
Year 1 PV (M)810.91818.69826.46
Year 2 PV (M)944.92963.12981.50
Year 3 PV (M)1,063.201,094.071,125.53
Year 4 PV (M)1,167.011,212.411,259.12
Year 5 PV (M)1,257.521,318.961,382.78
PV of Terminal Value (M)19,273.8620,215.5421,193.66
Equity Value (M)24,517.4325,622.7826,769.05
Shares Outstanding (M)83.0283.0283.02
Fair Value$295.31$308.62$322.43
Upside / Downside121.58%131.57%141.93%

High-Yield Dividend Screener

« Prev Page 3 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
1272.HKDatang Environment Industry Group Co., Ltd.13.53%$0.1542.28%
MID-UN.TOMINT Income Fund13.47%$1.0661.55%
1126.HKDream International Limited13.45%$1.1550.50%
HCO.PAHigh Co. S.A.13.45%$0.5362.33%
2348.HKDawnrays Pharmaceutical (Holdings) Limited13.44%$0.1633.06%
0384.HKChina Gas Holdings Limited13.43%$1.0494.76%
AEFAbrdn Emerging Markets Equity Income Fund Inc13.42%$0.9661.57%
9616.HKNeutech Group Limited13.40%$0.3455.10%
WN-PA.TOGeorge Weston Limited13.36%$3.4127.39%
CY4.FKelsian Group Limited13.31%$0.3278.26%
1100.HKMainland Headwear Holdings Limited13.28%$0.1742.95%
1755.HKS-Enjoy Service Group Co., Limited13.28%$0.3733.22%
DRR.AXDeterra Royalties Limited13.28%$0.5593.57%
2942.TWOJing-Jan Retail Business Co., Ltd.13.27%$4.1962.94%
1985.HKMicroware Group Limited13.26%$0.1768.95%
SSG.AXShaver Shop Group Limited13.25%$0.2086.08%
1553.HKMaike Tube Industry Holdings Limited13.22%$0.2027.92%
3306.HKJNBY Design Limited13.22%$2.5577.85%
0363.HKShanghai Industrial Holdings Limited13.17%$1.9035.00%
0579.HKBeijing Jingneng Clean Energy Co., Limited13.09%$0.3042.68%
RI.PAPernod Ricard S.A.13.06%$9.5377.43%
VULC3.SAVulcabras S.A.13.05%$2.6060.16%
600919.SSBank of Jiangsu Co., Ltd.13.01%$1.3572.63%
1551.HKGuangzhou Rural Commercial Bank Co., Ltd.13.00%$0.2058.85%
EIT-UN.TOCanoe EIT Income Fund13.00%$2.0542.34%
4334.SRAl Maather Reit Fund12.98%$1.1689.22%
BCE-PA.TOBCE Inc.12.97%$2.7139.91%
HLO.AXHelloworld Travel Limited12.97%$0.2567.50%
4347.SRBonyan REIT Fund12.96%$1.2193.24%
1526.HKRici Healthcare Holdings Limited12.94%$0.1438.91%
3709.HKEEKA Fashion Holdings Limited12.93%$0.9958.41%
ELSA.JKPT Elnusa Tbk12.90%$65.7979.08%
3348.HKChina PengFei Group Limited12.88%$0.1642.43%
BAYU.JKPT Bayu Buana Tbk12.87%$175.0059.18%
MJLF.BKMajor Cineplex Lifestyle Leasehold Property Fund.12.81%$0.6246.37%
037460.KQSamji Electronics Co., Ltd.12.80%$1,880.7647.73%
1785.HKChengdu Expressway Co., Ltd.12.79%$0.2688.07%
GWO-PN.TOGreat-West Lifeco Inc.12.76%$2.3953.09%
UNC.TOUnited Corporations Limited12.75%$1.8760.14%
FDJ.PAFDJ United12.74%$3.8390.91%
IRAO.MEPJSC Inter RAO UES12.74%$0.3919.11%
0OGG.LS.A. Catana Group12.72%$0.3722.37%
TAPG.JKPT Triputra Agro Persada Tbk12.65%$191.0090.66%
2407.HKGaush Meditech Ltd12.64%$1.0277.13%
MPCK.DEMPC Münchmeyer Petersen Capital AG12.63%$0.6260.64%
EDL.DEEdel SE & Co. KGaA12.60%$0.5754.20%
0086.HKSun Hung Kai & Co. Limited12.59%$0.5294.25%
4340.SRAl Rajhi REIT Fund12.56%$1.0083.50%
TRMDTORM plc12.54%$2.4890.35%
0819.HKTianneng Power International Limited12.50%$0.8935.06%