Definitive Analysis
Definitive Analysis

Financial Statements

Fundamentals

Valuations

Miscellaneous

Analysis Mode

Search

NH Investment & Securities Co., Ltd. (005940.KS)

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

Valuation Snapshot

Stable Growth$130,286.04 - $418,994.90$392,659.58
Multi-Stage$55,981.54 - $61,233.42$58,559.42
Blended Fair Value$225,609.50
Current Price$19,990.00
Upside1,028.61%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS13.12%37.20%806.22710.53959.34608.86435.68435.30435.30348.78348.78141.14
YoY Growth--13.47%-25.93%57.56%39.75%0.09%0.00%24.80%0.00%147.11%313.82%
Dividend Yield--5.75%6.30%10.90%5.34%3.74%4.84%3.19%2.46%2.78%1.42%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)728,950.00
(-) Cash Dividends Paid (M)328,342.00
(=) Cash Retained (M)400,608.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)145,790.0091,118.7554,671.25
Cash Retained (M)400,608.00400,608.00400,608.00
(-) Cash Required (M)-145,790.00-91,118.75-54,671.25
(=) Excess Retained (M)254,818.00309,489.25345,936.75
(/) Shares Outstanding (M)345.99345.99345.99
(=) Excess Retained per Share736.48894.49999.83
LTM Dividend per Share948.98948.98948.98
(+) Excess Retained per Share736.48894.49999.83
(=) Adjusted Dividend1,685.461,843.471,948.81
WACC / Discount Rate6.86%6.86%6.86%
Growth Rate5.50%6.50%7.50%
Fair Value$130,286.04$392,659.58$418,994.90
Upside / Downside551.76%1,864.28%1,996.02%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)728,950.00776,331.75826,793.31880,534.88937,769.65998,724.671,028,686.41
Payout Ratio45.04%54.03%63.03%72.02%81.01%90.00%92.50%
Projected Dividends (M)328,342.00419,487.10521,093.82634,137.07759,674.33898,852.21951,534.93

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.86%6.86%6.86%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)388,854.14392,539.97396,225.79
Year 2 PV (M)447,767.08456,295.79464,904.95
Year 3 PV (M)505,111.80519,611.74534,386.56
Year 4 PV (M)560,918.73582,490.08604,677.71
Year 5 PV (M)615,217.81644,933.06675,785.59
PV of Terminal Value (M)16,851,434.7617,665,365.3618,510,447.00
Equity Value (M)19,369,304.3220,261,236.0021,186,427.59
Shares Outstanding (M)345.99345.99345.99
Fair Value$55,981.54$58,559.42$61,233.42
Upside / Downside180.05%192.94%206.32%

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%