Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

TS Financial Holding Co., Ltd. (2887.TW)

Company Dividend Discount ModelIndustry: Banks - RegionalSector: Financial Services

Valuation Snapshot

Stable Growth$89.93 - $324.51$286.12
Multi-Stage$43.03 - $46.97$44.97
Blended Fair Value$165.54
Current Price$18.00
Upside819.69%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS6.66%7.95%0.590.500.540.490.490.430.440.350.330.11
YoY Growth--18.71%-8.17%10.79%-0.41%14.80%-2.13%24.83%7.89%188.87%-59.12%
Dividend Yield--3.44%2.87%3.55%2.72%4.37%4.46%3.89%3.18%3.48%1.44%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)26,015.51
(-) Cash Dividends Paid (M)24,359.94
(=) Cash Retained (M)1,655.57
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)5,203.103,251.941,951.16
Cash Retained (M)1,655.571,655.571,655.57
(-) Cash Required (M)-5,203.10-3,251.94-1,951.16
(=) Excess Retained (M)-3,547.53-1,596.37-295.59
(/) Shares Outstanding (M)15,943.4915,943.4915,943.49
(=) Excess Retained per Share-0.22-0.10-0.02
LTM Dividend per Share1.531.531.53
(+) Excess Retained per Share-0.22-0.10-0.02
(=) Adjusted Dividend1.311.431.51
WACC / Discount Rate7.03%7.03%7.03%
Growth Rate5.50%6.50%7.50%
Fair Value$89.93$286.12$324.51
Upside / Downside399.60%1,489.56%1,702.84%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)26,015.5127,706.5229,507.4531,425.4333,468.0835,643.5136,712.81
Payout Ratio93.64%92.91%92.18%91.45%90.73%90.00%92.50%
Projected Dividends (M)24,359.9425,741.8427,200.4728,739.9630,364.6732,079.1633,959.35

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.03%7.03%7.03%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)23,824.9024,050.7324,276.56
Year 2 PV (M)23,300.1923,743.9924,191.98
Year 3 PV (M)22,785.6123,439.7024,106.19
Year 4 PV (M)22,280.9923,137.8524,019.19
Year 5 PV (M)21,786.1422,838.4223,930.97
PV of Terminal Value (M)572,079.30599,710.94628,400.12
Equity Value (M)686,057.12716,921.64748,925.01
Shares Outstanding (M)15,943.4915,943.4915,943.49
Fair Value$43.03$44.97$46.97
Upside / Downside139.06%149.81%160.97%

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%