Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Fujian Expressway Development Co.,Ltd (600033.SS)

Company Dividend Discount ModelIndustry: Industrial - Infrastructure OperationsSector: Industrials

Valuation Snapshot

Stable Growth$3.06 - $4.89$3.89
Multi-Stage$6.47 - $7.12$6.79
Blended Fair Value$5.34
Current Price$3.36
Upside58.93%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-7.11%-3.57%0.180.150.150.100.110.260.210.250.210.26
YoY Growth--21.16%0.00%50.00%-10.02%-57.71%25.19%-16.74%22.04%-19.62%-1.66%
Dividend Yield--4.72%4.49%5.15%3.44%4.09%9.63%6.05%7.20%5.37%7.41%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)809.15
(-) Cash Dividends Paid (M)222.80
(=) Cash Retained (M)586.35
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)161.83101.1460.69
Cash Retained (M)586.35586.35586.35
(-) Cash Required (M)-161.83-101.14-60.69
(=) Excess Retained (M)424.52485.21525.67
(/) Shares Outstanding (M)2,744.402,744.402,744.40
(=) Excess Retained per Share0.150.180.19
LTM Dividend per Share0.080.080.08
(+) Excess Retained per Share0.150.180.19
(=) Adjusted Dividend0.240.260.27
WACC / Discount Rate6.39%6.39%6.39%
Growth Rate-1.23%-0.23%0.77%
Fair Value$3.06$3.89$4.89
Upside / Downside-8.98%15.76%45.60%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)809.15807.28805.42803.56801.70799.85823.85
Payout Ratio27.53%40.03%52.52%65.01%77.51%90.00%92.50%
Projected Dividends (M)222.80323.14423.01522.43621.38719.87762.06

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.39%6.39%6.39%
Growth Rate-1.23%-0.23%0.77%
Year 1 PV (M)300.69303.74306.78
Year 2 PV (M)366.29373.75381.28
Year 3 PV (M)420.96433.87447.05
Year 4 PV (M)465.91485.07504.81
Year 5 PV (M)502.27528.22555.23
PV of Terminal Value (M)15,700.1116,511.1517,355.37
Equity Value (M)17,756.2418,635.8019,550.53
Shares Outstanding (M)2,744.402,744.402,744.40
Fair Value$6.47$6.79$7.12
Upside / Downside92.56%102.10%112.02%

High-Yield Dividend Screener

« Prev Page 37 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
030200.KSKT Corporation4.28%$2,195.0057.50%
0QL7.LCompagnie Financière Tradition S.A.4.28%$12.3042.79%
603788.SSNingbo Gaofa Automotive Control System Co., Ltd.4.28%$0.7080.53%
CONCHATORO.SNViña Concha y Toro S.A.4.28%$43.5341.21%
EDHN.SWEnergiedienst Holding AG4.28%$1.6927.11%
LHPF.BKLand and Houses Freehold and Leasehold Property Fund4.28%$0.2228.94%
003816.SZCGN Power Co., Ltd.4.27%$0.1686.16%
033920.KSMuhak Co., Ltd.4.27%$390.0321.54%
0NWC.Lsecunet Security Networks AG4.27%$7.8278.31%
HAKI-B.STHAKI Safety AB (publ)4.27%$0.9165.00%
ULG.WAUltimate Games S.A.4.27%$0.5063.41%
0QQ6.LRoche Holding AG4.26%$14.3770.63%
3287.THoshino Resorts REIT, Inc.4.26%$11,118.4364.80%
4161.SRBin Dawood Holding Company4.26%$0.2086.85%
600548.SSShenzhen Expressway Corporation Limited4.26%$0.3776.64%
0F8V.LAkwel4.25%$0.3514.62%
GGPS3.SAGPS Participações e Empreendimentos S.A.4.25%$0.6869.54%
NNGF.DENational Grid plc4.25%$0.5760.16%
002352.SZS.F. Holding Co., Ltd.4.24%$1.6375.31%
075180.KSSaeron Automotive Corporation4.24%$139.9669.90%
3052.TWApex Science & Engineering Corp.4.24%$0.5142.05%
600874.SSTianjin Capital Environmental Protection Group Company Limited4.24%$0.2547.55%
603277.SSYindu Kitchen Equipment Co., Ltd4.24%$0.7181.68%
6436.TAmano Corporation4.24%$178.4472.65%
IFI.WAIfirma S.A.4.24%$1.4070.58%
INA.AXIngenia Communities Group4.24%$0.2263.81%
000685.SZZhongshan Public Utilities Group Co.,Ltd.4.23%$0.4952.11%
BRAV.STBravida Holding AB (publ)4.23%$3.7466.06%
DBG.PADerichebourg S.A.4.23%$0.2922.71%
EZZ.AXEZZ Life Science Holdings Limited4.23%$0.0621.17%
INTB3.SAIntelbras S.A. - Indústria de Telecomunicação Eletrônica Brasileira4.23%$0.4933.98%
078000.KSTelcoware Co.,Ltd.4.22%$636.2960.41%
0QQY.LMobimo Holding AG4.22%$10.1529.78%
2337.HKUnited Strength Power Holdings Limited4.22%$0.0729.24%
284740.KSCUCKOO Homesys Co., Ltd4.22%$1,000.3319.58%
603195.SSGoneo Group Co., Ltd.4.22%$1.7277.84%
8972.TKDX Realty Investment Corporation4.22%$7,423.1334.15%
ALOS3.SAAllos S.A.4.22%$1.2081.15%
VVL.OLVoss Veksel- og Landmandsbank ASA4.22%$17.0543.31%
600361.SSInnovation New Material Technology Co., Ltd. Class A4.21%$0.1877.50%
603008.SSXilinmen Furniture Co.,Ltd4.21%$0.8692.46%
PJAA.JKPT Pembangunan Jaya Ancol Tbk4.21%$24.0027.50%
SPC.BKSaha Pathanapibul Public Company Limited4.21%$2.4230.73%
603365.SSShanghai Shuixing Home Textile Co., Ltd.4.20%$0.8864.58%
6275.TWOYen Sun Technology Corporation4.20%$2.2581.25%
CULTIBAB.MXOrganización Cultiba, S.A.B. de C.V.4.20%$0.5024.67%
HEID.SWHeidelbergCement AG4.20%$3.3031.09%
002597.SZAnhui Jinhe Industrial Co.,Ltd.4.19%$0.8788.56%
003780.KSChin Yang Industry Co., Ltd.4.19%$281.3537.66%
CWC.DECEWE Stiftung & Co. KGaA4.19%$4.2753.25%