Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Zhejiang Fulai New Material Co.,Ltd. (605488.SS)

Company Dividend Discount ModelIndustry: Chemicals - SpecialtySector: Basic Materials

Valuation Snapshot

Stable Growth$6.71 - $10.82$8.57
Multi-Stage$11.34 - $12.44$11.88
Blended Fair Value$10.22
Current Price$36.15
Upside-71.73%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR20242023202220212020201920182017
DPS1.93%0.00%0.300.250.310.290.290.280.070.010.000.00
YoY Growth--21.19%-19.82%9.45%-2.10%5.66%294.63%419.22%0.00%0.00%0.00%
Dividend Yield--0.95%2.57%3.19%2.34%2.02%1.91%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)133.70
(-) Cash Dividends Paid (M)66.09
(=) Cash Retained (M)67.61
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)26.7416.7110.03
Cash Retained (M)67.6167.6167.61
(-) Cash Required (M)-26.74-16.71-10.03
(=) Excess Retained (M)40.8750.8957.58
(/) Shares Outstanding (M)213.28213.28213.28
(=) Excess Retained per Share0.190.240.27
LTM Dividend per Share0.310.310.31
(+) Excess Retained per Share0.190.240.27
(=) Adjusted Dividend0.500.550.58
WACC / Discount Rate7.39%7.39%7.39%
Growth Rate-0.07%0.93%1.93%
Fair Value$6.71$8.57$10.82
Upside / Downside-81.43%-76.31%-70.07%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)133.70134.93136.18137.44138.72140.00144.20
Payout Ratio49.43%57.55%65.66%73.77%81.89%90.00%92.50%
Projected Dividends (M)66.0977.6589.42101.40113.59126.00133.38

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.39%7.39%7.39%
Growth Rate-0.07%0.93%1.93%
Year 1 PV (M)71.5972.3173.02
Year 2 PV (M)76.0177.5479.08
Year 3 PV (M)79.4681.8784.33
Year 4 PV (M)82.0785.4188.84
Year 5 PV (M)83.9488.2292.68
PV of Terminal Value (M)2,024.542,127.892,235.42
Equity Value (M)2,417.612,533.242,653.38
Shares Outstanding (M)213.28213.28213.28
Fair Value$11.34$11.88$12.44
Upside / Downside-68.64%-67.14%-65.59%

High-Yield Dividend Screener

« Prev Page 34 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
BILI-A.STBilia AB (publ)4.58%$6.0877.85%
SHA.AXSHAPE Australia Corporation Limited4.58%$0.2863.86%
SUTHA.BKGolden Lime Public Company Limited4.58%$0.1279.88%
YUASA.BKYuasa Battery (Thailand) Public Company Limited4.58%$0.6126.69%
001323.SZDe Rucci Healthy Sleep Co., Ltd.4.57%$1.1972.11%
FNAC.PAFnac Darty S.A.4.57%$1.3429.18%
CRSU.PACaisse Régionale de Crédit Agricole Mutuel Sud Rhône Alpes4.56%$8.7019.97%
ELIN.ATElinoil Hellenic Petroleum Company S.A.4.56%$0.1127.16%
000596.SZAnhui Gujing Distillery Co., Ltd.4.55%$6.0467.48%
002483.SZJiangsu Rainbow Heavy Industries Co., Ltd.4.55%$0.3263.40%
002746.SZShandong Xiantan Co., Ltd.4.55%$0.2882.68%
NSL-R.BKNSL Foods Public Company Limited4.55%$1.0551.73%
600350.SSShandong Hi-speed Company Limited4.54%$0.4464.80%
7463.TAdvan Group Co., Ltd.4.54%$41.5719.08%
SEGMN.ISSegmen Kardesler Gid Urt Ve Amblj Sny AS4.54%$0.8469.37%
005180.KSBinggrae Co., Ltd.4.53%$3,299.7936.30%
6873.TWHD Renewable Energy Co., Ltd.4.53%$4.5378.62%
300193.SZShenzhen Jasic Technology Co.,Ltd.4.52%$0.4081.71%
5904.TWOPOYA International Co., Ltd.4.52%$20.1875.14%
600282.SSNanjing Iron & Steel Co., Ltd.4.52%$0.2454.66%
603689.SSAnhui Province Natural Gas DevelopmentCo.,Ltd.4.52%$0.3769.94%
688036.SSShenzhen Transsion Holdings Co., Ltd.4.52%$2.9990.95%
ALCLA.PAClasquin S.A.4.52%$6.4148.30%
023000.KSSAMWONSTEEL Co.,Ltd.4.51%$108.3244.46%
0QNM.LAdecco Group AG4.51%$1.0462.86%
9539.SRAqaseem Factory for Chemicals and Plastics Co.4.51%$0.2165.70%
DUI.AXDiversified United Investment Limited4.51%$0.2470.80%
SLIGR.ASSligro Food Group N.V.4.51%$0.47100.00%
032640.KSLG Uplus Corp.4.50%$650.0160.09%
4165.SRAl Majed Oud Co.4.50%$6.0082.11%
000411.SZZhejiang Int'l Group Co.,Ltd.4.49%$0.5761.70%
002543.SZGuangdong Vanward New Electric Co., Ltd.4.49%$0.4649.41%
003070.KSKolon Global Corporation4.49%$401.8773.73%
601665.SSQilu Bank Co., Ltd.4.49%$0.2628.78%
BSANTANDER.SNBanco Santander-Chile4.49%$3.1956.12%
GPW.WAGielda Papierów Wartosciowych w Warszawie S.A.4.49%$2.9966.28%
SHUR.BRShurgard Self Storage S.A.4.49%$1.3113.81%
044450.KSKSS Line Ltd.4.48%$397.8627.45%
0OR2.LLNA Santé S.A.4.48%$1.1025.22%
2731.TWLion Travel Service Co., Ltd.4.48%$7.4848.12%
4104.TWExcelsior Medical Co., Ltd.4.48%$3.6277.21%
7167.KLAble Global Berhad4.48%$0.0731.97%
7593.TVt Holdings Co.,Ltd.4.48%$24.0056.43%
0IPY.LAubay S.A.4.47%$2.5247.60%
3020.SRYamama Saudi Cement Company4.47%$1.0650.72%
3114.TWOHowteh Technology Co., Ltd.4.47%$1.1951.28%
CCEPCoca-Cola Europacific Partners PLC4.47%$3.9457.53%
CMCanadian Imperial Bank of Commerce4.47%$4.1147.39%
QIIK.QAQatar International Islamic Bank (Q.P.S.C)4.47%$0.5158.75%
1515.HKChina Resources Medical Holdings Company Limited4.46%$0.1423.71%