Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Mode

Ticker

Industry

Sector

Guangdong Songfa Ceramics Co.,Ltd. (603268.SS)

Company Dividend Discount ModelIndustry: Furnishings, Fixtures & AppliancesSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$18.78 - $25.31$22.12
Multi-Stage$27.94 - $30.74$29.31
Blended Fair Value$25.72
Current Price$48.05
Upside-46.48%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-26.05%-2.93%0.020.030.040.040.050.100.110.070.030.03
YoY Growth---29.35%-26.41%3.63%-24.14%-45.91%-8.18%47.94%173.42%-5.00%-4.76%
Dividend Yield--0.07%0.17%0.30%0.17%0.31%0.70%0.56%0.39%0.08%0.09%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,255.02
(-) Cash Dividends Paid (M)132.00
(=) Cash Retained (M)1,123.01
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)251.00156.8894.13
Cash Retained (M)1,123.011,123.011,123.01
(-) Cash Required (M)-251.00-156.88-94.13
(=) Excess Retained (M)872.01966.141,028.89
(/) Shares Outstanding (M)315.37315.37315.37
(=) Excess Retained per Share2.773.063.26
LTM Dividend per Share0.420.420.42
(+) Excess Retained per Share2.773.063.26
(=) Adjusted Dividend3.183.483.68
WACC / Discount Rate11.19%11.19%11.19%
Growth Rate-4.93%-3.93%-2.93%
Fair Value$18.78$22.12$25.31
Upside / Downside-60.92%-53.96%-47.34%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,255.021,205.721,158.361,112.851,069.141,027.141,057.95
Payout Ratio10.52%26.41%42.31%58.21%74.10%90.00%92.50%
Projected Dividends (M)132.00318.48490.11647.76792.27924.43978.61

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate11.19%11.19%11.19%
Growth Rate-4.93%-3.93%-2.93%
Year 1 PV (M)283.44286.42289.41
Year 2 PV (M)388.20396.41404.70
Year 3 PV (M)456.62471.18486.05
Year 4 PV (M)497.04518.29540.21
Year 5 PV (M)516.15543.87572.77
PV of Terminal Value (M)6,669.567,027.787,401.23
Equity Value (M)8,811.029,243.969,694.37
Shares Outstanding (M)315.37315.37315.37
Fair Value$27.94$29.31$30.74
Upside / Downside-41.85%-39.00%-36.03%

High-Yield Dividend Screener

« Prev Page 36 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
603317.SSSichuan Teway Food Group Co.,Ltd4.37%$0.5599.52%
ATRUST.ATAlpha Trust Mutual Fund and Alternative Investment Fund Management S.A.4.37%$0.5666.75%
BAM-R.BKBangkok Commercial Asset Management Public Company Limited4.37%$0.3550.66%
BPP-R.BKBanpu Power Public Company Limited4.37%$0.5585.50%
CRR-UN.TOCrombie Real Estate Investment Trust4.37%$0.6776.03%
U14.SIUOL Group Limited4.37%$0.3828.25%
016710.KSDaesung Holdings Co., Ltd.4.36%$368.1823.51%
093050.KSLF Corp.4.36%$772.5624.62%
600285.SSHenan Lingrui Pharmaceutical Co., Ltd.4.36%$0.9064.11%
EMAARDEV.AEEmaar Development PJSC4.36%$0.6827.01%
EN.PABouygues S.A.4.36%$1.9772.18%
HWX.TOHeadwater Exploration Inc.4.36%$0.4257.78%
PIRC.MIPirelli & C. S.p.A.4.36%$0.2651.67%
ZWACK.BDZwack Unicum Nyrt.4.36%$1,500.0088.31%
000531.SZGuangzhou Hengyun Enterprises Holding Ltd4.35%$0.2868.19%
000538.SZYunnan Baiyao Group Co.,Ltd4.35%$2.4784.67%
4792.TYAMADA Consulting Group Co.,Ltd.4.35%$76.8861.51%
603165.SSZhejiang Rongsheng Environmental Protection Paper Joint Stock Co., Ltd.4.35%$0.5573.83%
SBFG3.SAGrupo SBF S.A.4.35%$0.5537.97%
000240.KSHankook & Company Co., Ltd.4.34%$1,090.2033.39%
WCP.TOWhitecap Resources Inc.4.34%$0.5168.17%
8595.TJAFCO Group Co., Ltd.4.33%$104.3181.02%
ADW-A.TOAndrew Peller Limited4.33%$0.2364.87%
ITRNIturan Location and Control Ltd.4.33%$1.8464.72%
MRG-UN.TOMorguard North American Residential Real Estate Investment Trust4.33%$0.7528.03%
SYNEX-R.BKSynnex (Thailand) Public Company Limited4.33%$0.4353.70%
002275.SZGuilin Sanjin Pharmaceutical Co., Ltd.4.32%$0.6168.51%
091700.KQPartron Co., Ltd.4.32%$299.9351.71%
000333.SZMidea Group Co., Ltd.4.31%$3.3757.37%
002460.KSHS Hwasung Co., Ltd.4.31%$499.9314.25%
002833.SZGuangzhou KDT Machinery Co.,Ltd.4.31%$0.7074.51%
1050.HKKarrie International Holdings Limited4.31%$0.1159.43%
2763.TFTGroup Co., Ltd.4.31%$55.3330.88%
SB1NO.OLSpareBank 1 Sørøst-Norge4.31%$8.5049.18%
018250.KSAekyung Industrial Co., Ltd.4.30%$579.5745.50%
300441.SZNingbo BaoSi Energy Equipment Co., Ltd.4.30%$0.3272.05%
4042.TTosoh Corporation4.30%$101.0478.91%
4261.SRTheeb Rent A Car Company4.30%$1.6436.96%
AVIA.JKPT Avia Avian Tbk4.30%$22.3878.99%
PREVA.ASValue8 N.V.4.30%$0.2111.56%
SONYN.MXSony Group Corporation4.30%$20.0110.30%
SYMC.BKSymphony Communication Public Company Limited4.30%$0.1542.26%
TOA.BKTOA Paint (Thailand) Public Company Limited4.30%$0.5846.29%
2546.TWKedge Construction Co., Ltd.4.29%$3.6945.15%
267290.KSKyungdong City Gas Co., Ltd4.29%$875.0617.76%
601168.SSWestern Mining Co.,Ltd.4.29%$1.1989.92%
INH.DEINDUS Holding AG4.29%$1.2259.56%
OSP-R.BKOsotspa Public Company Limited4.29%$0.6959.37%
PE1.AXPengana Private Equity Trust4.29%$0.0632.51%
003540.KSDaishin Securities Co., Ltd.4.28%$1,158.7444.30%