Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Michang Oil Ind .Co.,Ltd. (003650.KS)

Company Dividend Discount ModelIndustry: Oil & Gas Refining & MarketingSector: Energy

Valuation Snapshot

Stable Growth$1,084,968.31 - $6,150,422.08$1,983,786.13
Multi-Stage$891,301.03 - $977,780.56$933,731.03
Blended Fair Value$1,458,758.58
Current Price$106,500.00
Upside1,269.73%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS10.80%2.61%2,799.962,499.972,499.972,099.972,024.761,676.891,864.422,506.042,392.132,050.40
YoY Growth--12.00%0.00%19.05%3.71%20.75%-10.06%-25.60%4.76%16.67%-5.26%
Dividend Yield--2.80%3.19%3.79%2.57%2.72%3.35%2.37%3.07%2.80%2.29%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)49,847.22
(-) Cash Dividends Paid (M)4,538.94
(=) Cash Retained (M)45,308.28
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)9,969.446,230.903,738.54
Cash Retained (M)45,308.2845,308.2845,308.28
(-) Cash Required (M)-9,969.44-6,230.90-3,738.54
(=) Excess Retained (M)35,338.8439,077.3841,569.74
(/) Shares Outstanding (M)1.511.511.51
(=) Excess Retained per Share23,356.8025,827.7427,475.04
LTM Dividend per Share2,999.962,999.962,999.96
(+) Excess Retained per Share23,356.8025,827.7427,475.04
(=) Adjusted Dividend26,356.7628,827.7030,475.00
WACC / Discount Rate6.46%6.46%6.46%
Growth Rate3.94%4.94%5.94%
Fair Value$1,084,968.31$1,983,786.13$6,150,422.08
Upside / Downside918.75%1,762.71%5,675.04%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)49,847.2252,308.3454,890.9957,601.1460,445.1163,429.4965,332.38
Payout Ratio9.11%25.28%41.46%57.64%73.82%90.00%92.50%
Projected Dividends (M)4,538.9413,225.9322,759.6833,202.6144,621.2757,086.5460,432.45

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.46%6.46%6.46%
Growth Rate3.94%4.94%5.94%
Year 1 PV (M)12,304.7312,423.1212,541.51
Year 2 PV (M)19,699.6220,080.5120,465.05
Year 3 PV (M)26,736.8327,516.0028,310.16
Year 4 PV (M)33,429.1634,734.3636,077.41
Year 5 PV (M)39,789.0141,740.2843,767.37
PV of Terminal Value (M)1,216,579.101,276,240.781,338,220.50
Equity Value (M)1,348,538.451,412,735.051,479,381.99
Shares Outstanding (M)1.511.511.51
Fair Value$891,301.03$933,731.03$977,780.56
Upside / Downside736.90%776.74%818.10%

High-Yield Dividend Screener

« Prev Page 31 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
0QLX.LMetall Zug AG4.87%$39.8932.62%
6418.TJapan Cash Machine Co., Ltd.4.86%$49.9871.76%
A2A.MIA2A S.p.A.4.86%$0.1147.95%
GEST.MCGestamp Automoción, S.A.4.86%$0.1550.80%
2296.HKHuarchi Global Group Holdings Limited4.85%$0.0578.87%
7004.TKanadevia Corp4.85%$46.0936.42%
001630.KSChong Kun Dang Holdings Corp.4.84%$2,194.2330.09%
020000.KSHANDSOME Corp.4.84%$749.9941.55%
0906.HKCPMC Holdings Limited4.84%$0.3439.95%
603323.SSJiangsu Suzhou Rural Commercial Bank Co., Ltd4.84%$0.2424.36%
ESEAEuroseas Ltd.4.84%$2.6215.15%
JPFA.JKPT Japfa Comfeed Indonesia Tbk4.84%$140.4348.97%
LPH.BKLadprao General Hospital Public Company Limited4.84%$0.1877.89%
PTNT3.SAPettenati S.A. Industria Têxtil4.84%$0.4243.56%
002100.KSKyung Nong Corporation4.83%$449.7446.25%
3IT.Faudius SE4.83%$0.6747.79%
ME8U.SIMapletree Industrial Trust4.83%$0.1084.21%
SOAG.OLSpareBank 1 Østfold Akershus4.83%$21.8842.41%
0693.HKTan Chong International Limited4.82%$0.1028.87%
2152.HKSuxin Joyful Life Services Co., Ltd.4.82%$0.2719.91%
BDMN.JKPT Bank Danamon Indonesia Tbk4.82%$119.5631.76%
EKAD.JKPT Ekadharma International Tbk4.82%$8.8798.38%
PTG-R.BKPTG Energy Public Company Limited4.82%$0.3462.48%
VEND.OLVend Marketplaces ASA4.82%$17.2449.52%
1890.HKChina Kepei Education Group Limited4.81%$0.0616.29%
BASS.PABassac S.A.4.81%$2.4628.93%
DEYAAR.AEDeyaar Development PJSC4.81%$0.0540.79%
SDF.AXSteadfast Group Limited4.81%$0.2650.20%
SXE.AXSouthern Cross Electrical Engineering Limited4.81%$0.1259.32%
HPOL-B.STHEXPOL AB (publ)4.80%$4.2174.04%
MEGA-R.BKMega Lifesciences Public Company Limited4.80%$1.6170.67%
PTL-R.BKPolyplex (Thailand) Public Company Limited4.80%$0.4081.34%
000828.SZDongguan Development (Holdings) Co., Ltd.4.79%$0.5250.35%
002372.SZZhejiang Weixing New Building Materials Co., Ltd.4.79%$0.5090.51%
002736.SZGuosen Securities Co., Ltd.4.79%$0.6351.57%
600612.SSLao Feng Xiang Co., Ltd.4.79%$2.1369.19%
6285.TWWNC Corporation4.79%$4.7975.15%
6642.TWOFuzetec Technology Co., Ltd.4.79%$2.5094.93%
BSGR.ASB&S Group S.A.4.79%$0.2824.05%
030210.KSDaol Investment & Securities Co., Ltd.4.78%$165.8688.74%
0960.HKLongfor Group Holdings Limited4.78%$0.4215.35%
2176.HKCCID Consulting Company Limited4.78%$0.0866.12%
600820.SSShanghai Tunnel Engineering Co., Ltd.4.77%$0.3138.17%
8097.TSan-Ai Obbli Co., Ltd.4.77%$100.8088.28%
2722.HKChongqing Machinery & Electric Co., Ltd.4.76%$0.0935.27%
7267.THonda Motor Co., Ltd.4.76%$73.1447.07%
VALMT.HEValmet Oyj4.76%$1.3590.84%
000928.SZSinosteel Engineering & Technology Co., Ltd.4.75%$0.3160.04%
029780.KSSamsung Card Co., Ltd.4.75%$2,578.9146.87%
2020.HKANTA Sports Products Limited4.75%$3.8940.14%