Definitive Analysis
Definitive Analysis

Financial Statements

Fundamentals

Valuations

Miscellaneous

Analysis Mode

Search

China Taiping Insurance Holdings Company Limited (0966.HK)

Company Dividend Discount ModelIndustry: Insurance - LifeSector: Financial Services

Valuation Snapshot

Stable Growth$67.22 - $127.82$91.66
Multi-Stage$97.93 - $107.57$102.66
Blended Fair Value$97.16
Current Price$15.30
Upside535.01%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS47.12%0.00%0.690.260.460.400.300.100.100.120.070.07
YoY Growth--165.05%-43.48%15.00%33.33%200.00%0.00%-14.24%64.86%0.31%0.00%
Dividend Yield--5.93%3.87%4.73%3.74%2.15%0.52%0.47%0.40%0.44%0.29%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)15,664.82
(-) Cash Dividends Paid (M)3,411.16
(=) Cash Retained (M)12,253.66
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)3,132.961,958.101,174.86
Cash Retained (M)12,253.6612,253.6612,253.66
(-) Cash Required (M)-3,132.96-1,958.10-1,174.86
(=) Excess Retained (M)9,120.7010,295.5611,078.80
(/) Shares Outstanding (M)3,594.023,594.023,594.02
(=) Excess Retained per Share2.542.863.08
LTM Dividend per Share0.950.950.95
(+) Excess Retained per Share2.542.863.08
(=) Adjusted Dividend3.493.814.03
WACC / Discount Rate6.73%6.73%6.73%
Growth Rate1.47%2.47%3.47%
Fair Value$67.22$91.66$127.82
Upside / Downside339.32%499.05%735.40%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)15,664.8216,051.4316,447.5816,853.5117,269.4517,695.6618,226.53
Payout Ratio21.78%35.42%49.07%62.71%76.36%90.00%92.50%
Projected Dividends (M)3,411.165,685.538,070.0910,568.9013,186.1215,926.1016,859.54

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.73%6.73%6.73%
Growth Rate1.47%2.47%3.47%
Year 1 PV (M)5,274.955,326.945,378.93
Year 2 PV (M)6,946.627,084.227,223.16
Year 3 PV (M)8,440.578,692.608,949.58
Year 4 PV (M)9,770.2810,161.1710,563.67
Year 5 PV (M)10,948.3011,498.5412,070.67
PV of Terminal Value (M)310,583.44326,192.59342,423.11
Equity Value (M)351,964.17368,956.05386,609.13
Shares Outstanding (M)3,594.023,594.023,594.02
Fair Value$97.93$102.66$107.57
Upside / Downside540.07%570.97%603.07%

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%