Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Zhejiang Xinhua Chemical Co.,Ltd (603867.SS)

Company Dividend Discount ModelIndustry: ChemicalsSector: Basic Materials

Valuation Snapshot

Stable Growth$192.09 - $226.31$212.09
Multi-Stage$334.85 - $367.59$350.92
Blended Fair Value$281.50
Current Price$33.20
Upside747.90%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS21.63%12.01%0.580.530.420.340.210.220.180.160.120.14
YoY Growth--9.38%26.72%22.66%64.15%-4.63%20.62%11.58%37.85%-18.33%-22.89%
Dividend Yield--2.26%1.91%1.17%1.43%1.17%0.88%1.00%0.90%0.65%0.80%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)231.70
(-) Cash Dividends Paid (M)90.01
(=) Cash Retained (M)141.70
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)46.3428.9617.38
Cash Retained (M)141.70141.70141.70
(-) Cash Required (M)-46.34-28.96-17.38
(=) Excess Retained (M)95.36112.74124.32
(/) Shares Outstanding (M)203.61203.61203.61
(=) Excess Retained per Share0.470.550.61
LTM Dividend per Share0.440.440.44
(+) Excess Retained per Share0.470.550.61
(=) Adjusted Dividend0.911.001.05
WACC / Discount Rate-15.36%-15.36%-15.36%
Growth Rate5.50%6.50%7.50%
Fair Value$192.09$212.09$226.31
Upside / Downside478.58%538.83%581.67%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)231.70246.77262.81279.89298.08317.46326.98
Payout Ratio38.85%49.08%59.31%69.54%79.77%90.00%92.50%
Projected Dividends (M)90.01121.10155.86194.63237.78285.71302.46

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate-15.36%-15.36%-15.36%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)141.74143.09144.43
Year 2 PV (M)213.52217.59221.70
Year 3 PV (M)312.08321.04330.16
Year 4 PV (M)446.25463.41481.06
Year 5 PV (M)627.60657.92689.39
PV of Terminal Value (M)66,438.8969,647.9172,979.75
Equity Value (M)68,180.0971,450.9574,846.50
Shares Outstanding (M)203.61203.61203.61
Fair Value$334.85$350.92$367.59
Upside / Downside908.60%956.98%1,007.21%

High-Yield Dividend Screener

« Prev Page 32 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
603551.SSAUPU Intelligent Technology Corporation Limited4.75%$0.5570.57%
ABCB4.SABanco ABC Brasil S.A.4.75%$1.1227.47%
ASSA.JKPT Adi Sarana Armada Tbk4.75%$55.3753.84%
CHMF.MEPJSC Severstal4.75%$45.6947.39%
LMN.SWlastminute.com N.V.4.75%$0.6239.82%
LREN3.SALojas Renner S.A.4.75%$0.6445.84%
POT.NZPort of Tauranga Limited4.75%$0.3793.98%
005720.KSNexen Corporation4.74%$283.1621.67%
0DTK.LSavencia S.A.4.74%$2.9720.78%
1368.HKXtep International Holdings Limited4.74%$0.2535.82%
3030.SRSaudi Cement Company4.74%$1.6459.10%
EGIE3.SAEngie Brasil Energia S.A.4.74%$1.4839.71%
3570.TWOOtsuka Information Technology Corp.4.73%$7.9755.25%
600096.SSYunnan Yuntianhua Co., Ltd.4.73%$1.5851.07%
CHE-UN.TOChemtrade Logistics Income Fund4.73%$0.7071.01%
GVHGlobavend Holdings Limited4.73%$0.0761.06%
MOUR.BRMoury Construct S.A.4.73%$27.3520.85%
1578.HKBank of Tianjin Co., Ltd.4.72%$0.1210.90%
601598.SSSinotrans Limited4.72%$0.2956.81%
6393.TYuken Kogyo Co., Ltd.4.72%$152.0845.60%
7278.TEXEDY Corporation4.72%$264.7876.11%
SHURB.XDShurgard Self Storage Ltd4.72%$1.3821.77%
TDThe Toronto-Dominion Bank4.72%$4.4637.31%
0QLW.LALSO Holding AG4.71%$10.0755.86%
111110.KSHojeon Limited4.71%$377.8120.16%
3413.TWFoxsemicon Integrated Technology Inc.4.71%$13.2962.47%
BVG.BKBlueVenture Group Public Company Limited4.71%$0.0858.67%
DUNI.STDuni AB (publ)4.71%$5.0071.87%
002810.KSSamyung Trading Co., Ltd.4.70%$746.8222.45%
013520.KSHwaseung Corporation Co.,Ltd.4.70%$101.2413.31%
2S.BK2S Metal Public Company Limited4.70%$0.1176.54%
COLOR.BKSalee Colour Public Company Limited4.70%$0.0565.65%
GJTL.JKPT. Gajah Tunggal Tbk4.70%$49.8216.37%
JHSF3.SAJHSF Participações S.A.4.70%$0.3719.33%
0QLN.LTecan Group AG4.69%$6.0146.42%
2891.TWCTBC Financial Holding Co., Ltd.4.69%$2.3963.03%
9536.SRArabian Food & Dairy Factories Company4.69%$2.7742.88%
KAMART.BKKarmarts Public Company Limited4.69%$0.4280.09%
SNW.DESanofi4.69%$3.8751.33%
WWL.WAWawel S.A.4.69%$35.0061.86%
603299.SSJiang Su Suyan Jingshen Co.,Ltd.4.68%$0.4972.35%
001790.KSTS Corporation4.67%$129.8523.71%
6049.HKPoly Property Services Co., Ltd.4.67%$1.5127.86%
ABRD.MEPJSC Abrau-Durso4.67%$7.7335.43%
CURY3.SACury Construtora e Incorporadora S.A.4.67%$1.4749.28%
INCI.JKPT Intanwijaya Internasional Tbk4.67%$34.7631.60%
NTGY.MCNaturgy Energy Group, S.A.4.67%$1.2057.49%
1015.KLAMMB Holdings Berhad4.66%$0.3048.65%
1686.HKSUNeVision Holdings Ltd.4.66%$0.2247.87%
1834.SRSaudi Manpower Solutions Co.4.66%$0.2581.73%