Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Zhongji Innolight Co., Ltd. (300308.SZ)

Company Dividend Discount ModelIndustry: Industrial - MachinerySector: Industrials

Valuation Snapshot

Stable Growth$1,297.32 - $1,528.46$1,432.39
Multi-Stage$900.08 - $988.01$943.22
Blended Fair Value$1,187.81
Current Price$403.68
Upside194.24%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS28.11%65.16%0.360.190.210.150.110.100.060.020.000.00
YoY Growth--93.04%-11.25%38.89%38.33%4.82%77.08%213.13%863.93%-32.46%21.29%
Dividend Yield--0.36%0.16%0.50%0.67%0.43%0.27%0.20%0.05%0.01%0.05%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)8,550.76
(-) Cash Dividends Paid (M)603.04
(=) Cash Retained (M)7,947.72
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1,710.151,068.84641.31
Cash Retained (M)7,947.727,947.727,947.72
(-) Cash Required (M)-1,710.15-1,068.84-641.31
(=) Excess Retained (M)6,237.576,878.887,306.42
(/) Shares Outstanding (M)1,112.581,112.581,112.58
(=) Excess Retained per Share5.616.186.57
LTM Dividend per Share0.540.540.54
(+) Excess Retained per Share5.616.186.57
(=) Adjusted Dividend6.156.727.11
WACC / Discount Rate1.80%1.80%1.80%
Growth Rate5.50%6.50%7.50%
Fair Value$1,297.32$1,432.39$1,528.46
Upside / Downside221.37%254.83%278.63%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)8,550.769,106.569,698.4810,328.8911,000.2611,715.2812,066.74
Payout Ratio7.05%23.64%40.23%56.82%73.41%90.00%92.50%
Projected Dividends (M)603.042,152.973,901.845,868.978,075.3510,543.7511,161.73

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate1.80%1.80%1.80%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)2,094.992,114.852,134.71
Year 2 PV (M)3,694.533,764.913,835.94
Year 3 PV (M)5,407.515,562.745,720.91
Year 4 PV (M)7,240.057,518.487,804.87
Year 5 PV (M)9,198.579,642.8710,104.17
PV of Terminal Value (M)973,771.311,020,804.831,069,638.43
Equity Value (M)1,001,406.971,049,408.671,099,239.03
Shares Outstanding (M)1,112.581,112.581,112.58
Fair Value$900.08$943.22$988.01
Upside / Downside122.97%133.66%144.75%

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%