Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Jiangxi Hongcheng Environment Co.,Ltd. (600461.SS)

Company Dividend Discount ModelIndustry: Regulated WaterSector: Utilities

Valuation Snapshot

Stable Growth$132.09 - $155.62$145.84
Multi-Stage$37.81 - $41.46$39.60
Blended Fair Value$92.72
Current Price$8.82
Upside951.27%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS14.74%13.15%0.400.510.490.460.290.200.120.160.170.12
YoY Growth---22.42%3.81%8.04%59.60%43.18%72.23%-29.07%-6.77%45.64%4.30%
Dividend Yield--4.29%5.32%6.84%6.16%4.09%2.94%1.76%2.61%2.30%1.62%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,200.86
(-) Cash Dividends Paid (M)275.88
(=) Cash Retained (M)924.98
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)240.17150.1190.06
Cash Retained (M)924.98924.98924.98
(-) Cash Required (M)-240.17-150.11-90.06
(=) Excess Retained (M)684.81774.88834.92
(/) Shares Outstanding (M)1,534.611,534.611,534.61
(=) Excess Retained per Share0.450.500.54
LTM Dividend per Share0.180.180.18
(+) Excess Retained per Share0.450.500.54
(=) Adjusted Dividend0.630.680.72
WACC / Discount Rate5.15%5.15%5.15%
Growth Rate5.50%6.50%7.50%
Fair Value$132.09$145.84$155.62
Upside / Downside1,397.62%1,553.54%1,664.45%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,200.861,278.921,362.051,450.581,544.871,645.291,694.65
Payout Ratio22.97%36.38%49.78%63.19%76.59%90.00%92.50%
Projected Dividends (M)275.88465.26678.08916.611,183.291,480.761,567.55

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate5.15%5.15%5.15%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)438.33442.48446.64
Year 2 PV (M)601.86613.32624.90
Year 3 PV (M)766.49788.49810.91
Year 4 PV (M)932.21968.061,004.94
Year 5 PV (M)1,099.041,152.131,207.24
PV of Terminal Value (M)54,190.6756,808.1059,525.71
Equity Value (M)58,028.6060,772.5963,620.33
Shares Outstanding (M)1,534.611,534.611,534.61
Fair Value$37.81$39.60$41.46
Upside / Downside328.72%349.00%370.03%

High-Yield Dividend Screener

« Prev Page 30 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
DIB.AEDubai Islamic Bank P.J.S.C.4.96%$0.4741.66%
002701.SZORG Technology Co.,Ltd.4.95%$0.2968.18%
3702.TWWPG Holdings Limited4.95%$2.9381.01%
5353.TWOTailyn Technologies, Inc.4.95%$1.2992.09%
8966.THeiwa Real Estate REIT, Inc.4.95%$7,784.9462.25%
BOBA.JKPT Formosa Ingredient Factory Tbk4.95%$9.0050.69%
EPG-R.BKEastern Polymer Group Public Company Limited4.95%$0.1439.44%
MMP-UN.TOPrecious Metals and Mining Trust4.95%$0.1937.80%
VFQS.QAVodafone Qatar P.Q.S.C.4.95%$0.1280.20%
WJX.TOWajax Corporation4.95%$1.3765.74%
0RI3.LPareto Bank ASA4.94%$4.4950.07%
3226.TMitsui Fudosan Accommodations Fund Inc.4.94%$6,633.1172.65%
600987.SSZhejiang Hangmin Co.,Ltd4.94%$0.3447.75%
6596.TWOKuang Hong Arts Management Incorporation4.94%$6.9937.90%
ALLUX.PAInstallux S.A.4.94%$15.3129.71%
5110.SRSaudi Electricity Company4.93%$0.7051.64%
HYPE3.SAHypera S.A.4.93%$1.1588.85%
0966.HKChina Taiping Insurance Holdings Company Limited4.92%$0.9521.78%
5213.TWOYeaShin International Development Co., Ltd.4.92%$1.1837.56%
600295.SSInner Mongolia Erdos Resources Co.,ltd.4.92%$0.6192.93%
6192.TWLumax International Corp., Ltd.4.92%$5.4852.55%
E3G1.SGEvolution AB (publ)4.92%$2.8450.73%
XO.BKExotic Food Public Company Limited4.92%$0.7257.45%
059090.KQMiCo Ltd.4.91%$674.3669.83%
0662.HKAsia Financial Holdings Limited4.91%$0.2419.50%
4928.TNoevir Holdings Co., Ltd.4.91%$224.9495.68%
600970.SSSinoma International Engineering Co.Ltd4.91%$0.5144.22%
601319.SSThe People's Insurance Company (Group) of China Limited4.91%$0.4442.28%
EVLI.HEEvli Oyj4.91%$1.1492.58%
MRXMarex Group plc Ordinary Shares4.91%$1.8638.69%
SPMA.JKPT Suparma Tbk4.91%$11.9734.68%
TABREED.AENational Central Cooling Company PJSC4.91%$0.1677.99%
081660.KSMisto Holdings Corp.4.90%$2,010.6262.73%
300770.SZGuangdong South New Media Co.,Ltd.4.90%$2.0863.80%
7944.TRoland Corporation4.90%$174.9564.69%
IGTInternational Game Technology PLC4.90%$0.8083.51%
SYDB.COSydbank A/S4.90%$27.5761.30%
7246.KLSignature International Berhad4.89%$0.0748.72%
9917.TWTaiwan Secom Co., Ltd.4.89%$5.2880.23%
QBE.AXQBE Insurance Group Limited4.89%$0.9739.27%
TRIS3.SATrisul S.A.4.89%$0.3025.32%
000877.SZTianshan Material Co., Ltd.4.88%$0.2693.74%
0236.HKSan Miguel Brewery Hong Kong Limited4.88%$0.0633.49%
4007.SRAl Hammadi Holding Company4.88%$1.3884.27%
600901.SSJiangsu Financial Leasing Co., Ltd.4.88%$0.3054.72%
601098.SSChina South Publishing & Media Group Co., Ltd4.88%$0.5562.37%
SPIE.PASPIE S.a.4.88%$2.4095.87%
TOTO.JKPT Surya Toto Indonesia Tbk4.88%$13.1736.11%
002035.SZVatti Corporation Limited4.87%$0.3057.45%
002807.SZJiangsu Jiangyin Rural Commercial Bank Co.,LTD.4.87%$0.2225.03%