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

China Resources Microelectronics Limited (688396.SS)

Company Dividend Discount ModelIndustry: SemiconductorsSector: Technology

Valuation Snapshot

Stable Growth$6.36 - $10.15$8.08
Multi-Stage$7.03 - $7.70$7.36
Blended Fair Value$7.72
Current Price$55.55
Upside-86.10%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162010
DPS4.30%0.00%0.140.250.190.090.060.120.100.000.010.00
YoY Growth---41.47%28.99%107.22%55.09%-49.14%21.15%2,389.24%-68.47%0.00%0.00%
Dividend Yield--0.32%0.62%0.32%0.17%0.11%0.36%0.23%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)788.66
(-) Cash Dividends Paid (M)85.02
(=) Cash Retained (M)703.64
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)157.7398.5859.15
Cash Retained (M)703.64703.64703.64
(-) Cash Required (M)-157.73-98.58-59.15
(=) Excess Retained (M)545.91605.06644.49
(/) Shares Outstanding (M)1,326.041,326.041,326.04
(=) Excess Retained per Share0.410.460.49
LTM Dividend per Share0.060.060.06
(+) Excess Retained per Share0.410.460.49
(=) Adjusted Dividend0.480.520.55
WACC / Discount Rate9.95%9.95%9.95%
Growth Rate2.30%3.30%4.30%
Fair Value$6.36$8.08$10.15
Upside / Downside-88.55%-85.46%-81.73%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)788.66814.65841.50869.24897.89927.48955.30
Payout Ratio10.78%26.62%42.47%58.31%74.16%90.00%92.50%
Projected Dividends (M)85.02216.89357.37506.87665.84834.73883.66

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.95%9.95%9.95%
Growth Rate2.30%3.30%4.30%
Year 1 PV (M)195.35197.26199.17
Year 2 PV (M)289.92295.61301.36
Year 3 PV (M)370.37381.33392.52
Year 4 PV (M)438.21455.60473.50
Year 5 PV (M)494.81519.47545.11
PV of Terminal Value (M)7,536.507,912.148,302.61
Equity Value (M)9,325.169,761.4210,214.27
Shares Outstanding (M)1,326.041,326.041,326.04
Fair Value$7.03$7.36$7.70
Upside / Downside-87.34%-86.75%-86.13%

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%