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

Southwest Securities Co., Ltd. (600369.SS)

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

Valuation Snapshot

Stable Growth$1.16 - $1.74$1.44
Multi-Stage$3.74 - $4.13$3.93
Blended Fair Value$2.68
Current Price$4.75
Upside-43.52%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-1.97%8.05%0.140.110.190.230.210.160.170.200.260.17
YoY Growth--24.76%-41.92%-14.69%8.69%34.70%-7.36%-17.76%-20.26%47.21%167.98%
Dividend Yield--3.23%2.86%4.98%5.22%4.48%3.43%2.98%4.68%4.11%2.04%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)922.12
(-) Cash Dividends Paid (M)251.31
(=) Cash Retained (M)670.81
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)184.42115.2769.16
Cash Retained (M)670.81670.81670.81
(-) Cash Required (M)-184.42-115.27-69.16
(=) Excess Retained (M)486.39555.55601.65
(/) Shares Outstanding (M)6,419.316,419.316,419.31
(=) Excess Retained per Share0.080.090.09
LTM Dividend per Share0.040.040.04
(+) Excess Retained per Share0.080.090.09
(=) Adjusted Dividend0.110.130.13
WACC / Discount Rate5.52%5.52%5.52%
Growth Rate-3.97%-2.97%-1.97%
Fair Value$1.16$1.44$1.74
Upside / Downside-75.52%-69.76%-63.39%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)922.12894.70868.09842.27817.23792.92816.71
Payout Ratio27.25%39.80%52.35%64.90%77.45%90.00%92.50%
Projected Dividends (M)251.31356.11454.46546.65632.95713.63755.46

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate5.52%5.52%5.52%
Growth Rate-3.97%-2.97%-1.97%
Year 1 PV (M)334.02337.50340.98
Year 2 PV (M)399.82408.19416.64
Year 3 PV (M)451.08465.32479.85
Year 4 PV (M)489.88510.61531.99
Year 5 PV (M)518.06545.60574.30
PV of Terminal Value (M)21,795.3322,954.0824,161.60
Equity Value (M)23,988.1925,221.3026,505.37
Shares Outstanding (M)6,419.316,419.316,419.31
Fair Value$3.74$3.93$4.13
Upside / Downside-21.33%-17.28%-13.07%

High-Yield Dividend Screener

« Prev Page 30 of 30
Ticker ⇵ Company ⇵ Dividend Yield % ▼ Dividend Per Share ⇵ Payout Ratio % ⇵
LZOEXLazard Emerging Markets Equity Portfolio0.09%$0.0236.87%
PWRQuanta Services, Inc.0.09%$0.395.78%
AAMIAcadian Asset Management0.08%$0.041.59%
PDLBPonce Financial Group, Inc.0.08%$0.011.31%
VRTVertiv Holdings Co0.08%$0.155.48%
0J46.LHEICO Corporation0.07%$0.234.98%
0JYM.LMarkel Corporation0.07%$1.410.87%
CHCIComstock Holding Companies, Inc.0.06%$0.010.56%
MTVCMotive Capital Corp II0.06%$0.012.21%
ENJEntergy New Orleans, LLC First Mortgage Bonds, 5.0% Series due December 1, 20520.05%$0.010.31%
ENOEntergy New Orleans, LLC First Mortgage Bonds, 5.50% Series due April 1, 20660.05%$0.010.31%
AJRDAerojet Rocketdyne Holdings, Inc.0.04%$0.022.70%
ERESEast Resources Acquisition Company0.04%$0.001.55%
NBNNortheast Bank0.04%$0.040.38%
ARHSArhaus, Inc.0.03%$0.000.61%
BSIGBrightSphere Investment Group Inc.0.03%$0.010.34%
EWCZEuropean Wax Center, Inc.0.03%$0.000.37%
WIREEncore Wire Corporation0.03%$0.080.42%
ACFNAcorn Energy, Inc.0.02%$0.000.09%
ACMRACM Research, Inc.0.02%$0.010.62%
CFBCrossFirst Bankshares, Inc.0.02%$0.000.21%
FDSBFifth District Savings Bank0.02%$0.000.35%
GRDNGuardian Pharmacy Services, Inc.0.02%$0.000.75%
NVDANVIDIA Corporation0.02%$0.040.98%
AMGAffiliated Managers Group, Inc.0.01%$0.040.23%
BSX-PABoston Scientific Corporation0.01%$0.020.82%
FIGRFigure Technology Solutions, Inc. Class A Common Stock0.01%$0.002.22%
GNRCGenerac Holdings Inc.0.01%$0.010.18%
LAURLaureate Education, Inc.0.01%$0.000.22%
PLNTPlanet Fitness, Inc.0.01%$0.010.57%
SUMSummit Materials, Inc.0.01%$0.000.32%
BEBloom Energy Corporation0.00%$0.006.20%
BJRIBJ's Restaurants, Inc.0.00%$0.000.01%
CXWCoreCivic, Inc.0.00%$0.000.04%
INFAInformatica Inc.0.00%$0.000.10%
MMMBMamaMancini's Holdings, Inc.0.00%$0.000.04%
PMOPutnam Municipal Opportunities Trust0.00%$0.000.05%
SENEASeneca Foods Corporation0.00%$0.000.04%
SLCAU.S. Silica Holdings, Inc.0.00%$0.000.02%
UNITUniti Group Inc.0.00%$0.000.00%