Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Zhangzhou Pientzehuang Pharmaceutical., Ltd (600436.SS)

Company Dividend Discount ModelIndustry: Drug Manufacturers - GeneralSector: Healthcare

Valuation Snapshot

Stable Growth$677.57 - $798.30$748.12
Multi-Stage$159.03 - $174.25$166.50
Blended Fair Value$457.31
Current Price$196.79
Upside132.38%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS40.21%27.08%3.531.301.260.940.870.650.470.330.280.27
YoY Growth--171.11%3.16%33.63%8.97%33.04%38.13%44.20%18.38%3.60%-16.97%
Dividend Yield--1.74%0.56%0.44%0.30%0.30%0.52%0.40%0.39%0.55%0.73%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)2,419.67
(-) Cash Dividends Paid (M)716.71
(=) Cash Retained (M)1,702.96
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)483.93302.46181.47
Cash Retained (M)1,702.961,702.961,702.96
(-) Cash Required (M)-483.93-302.46-181.47
(=) Excess Retained (M)1,219.021,400.501,521.48
(/) Shares Outstanding (M)602.80602.80602.80
(=) Excess Retained per Share2.022.322.52
LTM Dividend per Share1.191.191.19
(+) Excess Retained per Share2.022.322.52
(=) Adjusted Dividend3.213.513.71
WACC / Discount Rate5.61%5.61%5.61%
Growth Rate5.50%6.50%7.50%
Fair Value$677.57$748.12$798.30
Upside / Downside244.31%280.16%305.66%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)2,419.672,576.942,744.452,922.833,112.823,315.153,414.61
Payout Ratio29.62%41.70%53.77%65.85%77.92%90.00%92.50%
Projected Dividends (M)716.711,074.481,475.741,924.632,425.632,983.643,158.51

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate5.61%5.61%5.61%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)1,007.871,017.421,026.98
Year 2 PV (M)1,298.431,323.161,348.13
Year 3 PV (M)1,588.401,633.991,680.45
Year 4 PV (M)1,877.761,949.982,024.25
Year 5 PV (M)2,166.532,271.182,379.83
PV of Terminal Value (M)87,923.8092,170.5596,579.83
Equity Value (M)95,862.79100,366.28105,039.47
Shares Outstanding (M)602.80602.80602.80
Fair Value$159.03$166.50$174.25
Upside / Downside-19.19%-15.39%-11.45%

High-Yield Dividend Screener

« Prev Page 3 of 30 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
BLWBlackRock Limited Duration Income Trust11.50%$1.5893.39%
ELCEntergy Louisiana, LLC COLLATERAL TR MT11.33%$2.3457.35%
VIASPVia Renewables, Inc.11.33%$2.8849.21%
BUIBlackRock Utilities, Infrastructure & Power Opportunities Trust11.31%$2.9358.72%
JPCNuveen Preferred & Income Opportunities Fund11.24%$0.9167.43%
RILYB. Riley Financial, Inc.11.21%$0.5856.91%
PFOFlaherty & Crumrine Preferred Income Opportunity Fund Inc.11.06%$1.0543.18%
OXLCIOxford Lane Capital Corp.11.05%$2.8369.26%
USB-PSU.S. Bancorp Depositary Shares,10.98%$2.0243.68%
FLCFlaherty & Crumrine Total Return Fund Inc.10.93%$1.9242.77%
UTGReaves Utility Income Fund10.78%$4.0043.20%
CEMClearBridge MLP and Midstream Fund Inc10.77%$5.6046.76%
AIVApartment Investment and Management Company10.76%$0.6336.20%
DCFBNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc.10.71%$0.9942.71%
CALMCal-Maine Foods, Inc.10.70%$8.4032.04%
EMOClearBridge Energy Midstream Opportunity Fund Inc10.65%$4.7926.74%
CTRClearBridge MLP and Midstream Total Return Fund Inc.10.63%$5.0047.43%
EIMEaton Vance Municipal Bond Fund10.57%$1.0364.33%
VZAVerizon Communications, 5.9% 15 Feb 205410.57%$2.7049.90%
BPOPMPopular Capital Trust II PFD GTD 6.125%10.45%$2.6726.93%
RITMRithm Capital Corp.10.45%$1.1571.36%
IHTAInvesco High Income 2024 Target Term Fund10.33%$0.7826.82%
WUThe Western Union Company10.30%$0.9540.76%
ERHAllspring Utilities and High Income Fund10.26%$1.2231.06%
GDVThe Gabelli Dividend & Income Trust10.25%$2.8539.93%
CIIBlackRock Enhanced Capital and Income Fund, Inc.10.23%$2.3844.19%
GBDCGolub Capital BDC, Inc.10.19%$1.3897.76%
PVCMXPalm Valley Capital Fund Investor Class10.19%$1.2483.81%
AEDVXEmerging Markets Debt Fund - Investor Class9.95%$0.9476.80%
HYTBlackRock Corporate High Yield Fund, Inc.9.83%$0.8799.09%
FFCFlaherty & Crumrine Preferred Securities Income Fund Inc.9.79%$1.6337.81%
WENThe Wendy's Company9.78%$0.8082.75%
CMSACMS Energy Corporation 5.6% JRSUB NT 789.77%$2.1762.27%
HIEMiller/Howard High Income Equity Fund9.63%$1.2198.11%
NMSNuveen Minnesota Quality Municipal Income Fund9.54%$1.1237.02%
CMSCCMS Energy Corporation 5.875% J9.48%$2.1762.27%
NEE-PNNextEra Energy, Inc. Series N J9.24%$2.2170.10%
CMSDCMS Energy Corporation 5.875% Junior Subordinated Notes due 20799.20%$2.1762.27%
VFLabrdn National Municipal Income Fund9.06%$0.9334.18%
UANCVR Partners, LP8.96%$9.0975.52%
GGZThe Gabelli Global Small and Mid Cap Value Trust8.95%$1.3448.03%
SUNSSunrise Realty Trust, Inc.8.95%$0.8388.91%
PTYPIMCO Corporate & Income Opportunity Fund8.93%$1.1588.40%
ATHSAthene Holding Ltd. 7.250% Fixe8.86%$2.2214.14%
APAMArtisan Partners Asset Management Inc.8.83%$3.6697.93%
VLTInvesco High Income Trust II8.83%$0.9846.97%
VTNInvesco Trust for Investment Grade New York Municipals8.75%$1.0165.99%
JEQAbrdn Japan Equity Fund Inc8.73%$0.6943.45%
MOAltria Group, Inc.8.69%$4.9894.54%
JGGCJaguar Global Growth Corporation I8.63%$0.1563.08%