Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

HANSHIN Engineering & Construction Co., Ltd. (004960.KS)

Company Dividend Discount ModelIndustry: Engineering & ConstructionSector: Industrials

Valuation Snapshot

Stable Growth$8,851.84 - $13,022.99$10,855.67
Multi-Stage$22,004.42 - $24,302.24$23,130.19
Blended Fair Value$16,992.93
Current Price$7,710.00
Upside120.40%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-23.23%2.11%100.07300.19350.22400.24350.22375.23353.35219.810.000.00
YoY Growth---66.66%-14.29%-12.50%14.29%-6.67%6.19%60.76%0.00%0.00%-100.00%
Dividend Yield--1.73%4.43%4.65%2.09%1.74%3.46%1.86%1.09%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)13,439.91
(-) Cash Dividends Paid (M)1,157.55
(=) Cash Retained (M)12,282.36
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)2,687.981,679.991,007.99
Cash Retained (M)12,282.3612,282.3612,282.36
(-) Cash Required (M)-2,687.98-1,679.99-1,007.99
(=) Excess Retained (M)9,594.3710,602.3711,274.36
(/) Shares Outstanding (M)11.5711.5711.57
(=) Excess Retained per Share829.44916.58974.68
LTM Dividend per Share100.07100.07100.07
(+) Excess Retained per Share829.44916.58974.68
(=) Adjusted Dividend929.511,016.661,074.75
WACC / Discount Rate6.42%6.42%6.42%
Growth Rate-3.69%-2.69%-1.69%
Fair Value$8,851.84$10,855.67$13,022.99
Upside / Downside14.81%40.80%68.91%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)13,439.9113,077.9612,725.7712,383.0612,049.5811,725.0812,076.83
Payout Ratio8.61%24.89%41.17%57.45%73.72%90.00%92.50%
Projected Dividends (M)1,157.553,255.145,238.907,113.468,883.2610,552.5711,171.07

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.42%6.42%6.42%
Growth Rate-3.69%-2.69%-1.69%
Year 1 PV (M)3,027.333,058.773,090.20
Year 2 PV (M)4,531.294,625.884,721.45
Year 3 PV (M)5,722.075,902.176,086.01
Year 4 PV (M)6,645.616,925.967,215.08
Year 5 PV (M)7,341.957,731.138,136.63
PV of Terminal Value (M)227,262.38239,308.82251,860.76
Equity Value (M)254,530.64267,552.72281,110.13
Shares Outstanding (M)11.5711.5711.57
Fair Value$22,004.42$23,130.19$24,302.24
Upside / Downside185.40%200.00%215.20%

High-Yield Dividend Screener

« Prev Page 4 of 30 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
VKQInvesco Municipal Trust8.62%$0.8469.07%
ARCCAres Capital Corporation8.61%$1.7691.56%
TPVGTriplePoint Venture Growth BDC Corp.8.52%$0.5767.26%
C-PJCitigroup Inc.8.49%$2.1326.99%
RVTRoyce Value Trust Inc.8.42%$1.3639.40%
OGNOrganon & Co.8.37%$0.6131.54%
MITTAG Mortgage Investment Trust, Inc.8.12%$0.7043.47%
CAGConagra Brands, Inc.8.06%$1.3978.70%
NOGNorthern Oil and Gas, Inc.8.02%$1.7794.64%
PAAPlains All American Pipeline, L.P.8.00%$1.4690.71%
TSLXSixth Street Specialty Lending, Inc.8.00%$1.7385.26%
ACCOACCO Brands Corporation7.90%$0.2967.00%
ETDEthan Allen Interiors Inc.7.90%$1.8197.75%
CQPCheniere Energy Partners, L.P.7.82%$4.2388.03%
UNMAUnum Group 6.250% JR NT587.69%$1.7933.52%
WRB-PHW.R. Berkley Corporation 4.125%7.68%$1.2726.69%
JHSJohn Hancock Income Securities Trust7.65%$0.8994.90%
NIDNuveen Intermediate Duration Municipal Term Fund7.59%$1.0284.59%
HWCPZHancock Whitney Corporation - 67.58%$1.7731.35%
WRB-PGW.R. Berkley Corporation 4.25%7.54%$1.2726.69%
NMTNuveen Massachusetts Quality Municipal Income Fund7.48%$0.8580.62%
LOANManhattan Bridge Capital, Inc.7.45%$0.3574.53%
OPALOPAL Fuels Inc.7.43%$0.1846.94%
ZIONLZions Bancorporation N.A. - 6.97.42%$1.8632.04%
GMTAGATX Corporation SR NT 20667.41%$1.8621.29%
IIMInvesco Value Municipal Income Trust7.41%$0.9264.33%
JMMNuveen Multi-Market Income Fund7.28%$0.4461.06%
BKEThe Buckle, Inc.7.26%$3.9196.21%
MHIPioneer Municipal High Income Fund, Inc.7.19%$0.6413.70%
ORIOld Republic International Corporation7.19%$3.1193.13%
PMFPIMCO Municipal Income Fund7.07%$0.5992.59%
RYNRayonier Inc.7.04%$1.5230.67%
DRQDril-Quip, Inc.7.02%$1.0850.37%
TRINITrinity Capital Inc. 7.875% Notes Due 20297.02%$1.7883.48%
C-PNCitigroup Capital XIII TR PFD SECS7.01%$2.1326.99%
VPVInvesco Pennsylvania Value Municipal Income Trust6.98%$0.7360.22%
VCVInvesco California Value Municipal Income Trust6.97%$0.7860.58%
EOTEaton Vance National Municipal Opportunities Trust6.96%$1.1869.84%
FLATXFidelity Latin America Fund6.92%$1.1539.63%
EGYVAALCO Energy, Inc.6.91%$0.2592.67%
NOMNuveen Missouri Quality Municipal Income Fund6.91%$0.8278.81%
UBCPUnited Bancorp, Inc.6.90%$0.9996.30%
TBCAT&T Inc. 5.625% Global Notes d6.89%$1.7255.65%
GTNGray Media, Inc.6.87%$0.3334.04%
HEPHolly Energy Partners, L.P.6.86%$1.4074.08%
AFGAmerican Financial Group, Inc.6.85%$9.2396.49%
BANFPBFC Capital Trust II PFD TR 7.20%6.85%$1.8025.72%
CFG-PDCitizens Financial Group, Inc.6.83%$1.7143.60%
RCIIRent-A-Center, Inc.6.81%$1.8279.98%
SPHSuburban Propane Partners, L.P.6.81%$1.2778.56%