Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Hangzhou Zhongheng Electric Co., Ltd (002364.SZ)

Company Dividend Discount ModelIndustry: Electrical Equipment & PartsSector: Industrials

Valuation Snapshot

Stable Growth$29.47 - $34.75$32.55
Multi-Stage$17.97 - $19.77$18.85
Blended Fair Value$25.70
Current Price$28.27
Upside-9.09%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-12.68%0.79%0.050.000.110.110.130.100.110.110.040.02
YoY Growth--2,534.24%-98.19%-2.83%-8.86%20.35%-1.31%0.00%147.55%128.07%-61.77%
Dividend Yield--0.36%0.03%1.42%1.29%1.38%0.83%0.89%1.00%0.24%0.08%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)96.22
(-) Cash Dividends Paid (M)56.21
(=) Cash Retained (M)40.01
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)19.2412.037.22
Cash Retained (M)40.0140.0140.01
(-) Cash Required (M)-19.24-12.03-7.22
(=) Excess Retained (M)20.7727.9832.80
(/) Shares Outstanding (M)533.33533.33533.33
(=) Excess Retained per Share0.040.050.06
LTM Dividend per Share0.110.110.11
(+) Excess Retained per Share0.040.050.06
(=) Adjusted Dividend0.140.160.17
WACC / Discount Rate2.01%2.01%2.01%
Growth Rate2.10%3.10%4.10%
Fair Value$29.47$32.55$34.75
Upside / Downside4.25%15.14%22.91%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)96.2299.20102.28105.45108.72112.09115.45
Payout Ratio58.42%64.73%71.05%77.37%83.68%90.00%92.50%
Projected Dividends (M)56.2164.2272.6781.5890.98100.88106.79

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate2.01%2.01%2.01%
Growth Rate2.10%3.10%4.10%
Year 1 PV (M)62.3462.9563.56
Year 2 PV (M)68.4969.8471.20
Year 3 PV (M)74.6476.8679.12
Year 4 PV (M)80.8184.0287.33
Year 5 PV (M)86.9991.3395.85
PV of Terminal Value (M)9,208.559,668.4310,146.50
Equity Value (M)9,581.8210,053.4310,543.56
Shares Outstanding (M)533.33533.33533.33
Fair Value$17.97$18.85$19.77
Upside / Downside-36.45%-33.32%-30.07%

High-Yield Dividend Screener

« Prev Page 4 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
EG7.IRFBD Holdings plc12.49%$1.9761.47%
WILCG. Willi-Food International Ltd.12.48%$3.5852.70%
9908.HKJiaXing Gas Group Co., Ltd.12.44%$1.0240.94%
MPMX.JKPT Mitra Pinasthika Mustika Tbk12.44%$120.0095.84%
0QL5.LCarlo Gavazzi Holding AG12.42%$20.0062.49%
GOZ.AXGrowthpoint Properties Australia12.40%$0.3016.37%
1999.HKMan Wah Holdings Limited12.39%$0.5757.62%
1285.HKJiashili Group Limited12.38%$0.1455.24%
600015.SSHua Xia Bank Co., Limited12.36%$0.8549.77%
BNP.DEBNP Paribas S.A.12.28%$10.0751.11%
0836.HKChina Resources Power Holdings Company Limited12.20%$2.1541.97%
BIS.AXBisalloy Steel Group Limited12.19%$0.5981.88%
KBS.BKKhonburi Sugar Public Company Limited12.17%$0.7056.34%
9300.SRAlwaha REIT Fund12.14%$1.1871.67%
2005.HKSSY Group Limited12.13%$0.3550.50%
BGI-UN.TOBrookfield Global Infrastructure Securities Income Fund12.09%$0.9646.13%
2003.HKVCREDIT Holdings Limited12.07%$0.3218.47%
1713.HKSichuan Energy Investment Development Co., Ltd.12.02%$0.2941.35%
NSI.ASNSI N.V.12.02%$2.3330.60%
RIO1.DERio Tinto Group12.02%$8.2864.54%
IGL.AXIVE Group Limited12.01%$0.3574.81%
0G5B.LSto SE & Co. KGaA12.00%$14.6483.41%
CDU.LSConduril - Engenharia, S.A.12.00%$1.8069.00%
2156.HKC&D Property Management Group Co. Limited11.98%$0.3354.74%
0057.HKChen Hsong Holdings Limited11.94%$0.1945.38%
BBSE3.SABB Seguridade Participações S.A.11.93%$4.2691.94%
SWUT.VISW Umwelttechnik Stoiser & Wolschner AG11.93%$3.7034.18%
0Q76.LCBo Territoria S.A.11.92%$0.4461.80%
ALCOF.PACofidur S.A.11.92%$34.8038.87%
0239.HKPak Fah Yeow International Limited11.87%$0.2852.60%
2356.HKDah Sing Banking Group Limited11.87%$1.2941.19%
3311.HKChina State Construction International Holdings Limited11.87%$1.1029.31%
ENGI.PAEngie S.A.11.87%$2.7376.93%
SENA.BKSena Development Public Company Limited11.86%$0.2074.93%
4348.SRAlkhabeer REIT Fund11.85%$0.6698.08%
AWZ.SIMulti-Chem Limited11.83%$0.4160.70%
0331.HKFSE Lifestyle Services Limited11.81%$0.6731.73%
SUL.AXSuper Retail Group Limited11.78%$1.8791.92%
2877.HKChina Shineway Pharmaceutical Group Limited11.77%$1.0139.47%
DSWLDeswell Industries, Inc.11.77%$0.4027.95%
0855.HKChina Water Affairs Group Limited11.75%$0.6256.78%
0659.HKCTF Services Limited11.70%$0.8876.18%
DRA.AXDRA Global Limited11.69%$0.2158.65%
GWA.AXGWA Group Limited11.68%$0.2995.40%
0968.HKXinyi Solar Holdings Limited11.67%$0.3670.18%
ENI-UN.TOEnergy Income Fund11.66%$0.2356.38%
TCF.AX360 Capital Mortgage REIT11.66%$0.6776.18%
3316.HKBinjiang Service Group Co. Ltd.11.65%$2.7669.09%
CC3.SIStarHub Ltd11.65%$0.1381.69%
TFG-R.BKThaifoods Group Public Company Limited11.65%$0.5242.58%