Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Chenming Electronic Tech. Corp. (3013.TW)

Company Dividend Discount ModelIndustry: Computer HardwareSector: Technology

Valuation Snapshot

Stable Growth$78.68 - $179.89$114.66
Multi-Stage$55.79 - $60.96$58.33
Blended Fair Value$86.49
Current Price$118.00
Upside-26.70%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS9.90%0.00%0.380.280.060.230.230.240.410.410.260.00
YoY Growth--33.33%359.55%-72.66%0.00%-4.30%-42.47%0.00%59.17%0.00%0.00%
Dividend Yield--0.35%0.46%0.28%1.69%1.57%2.10%2.28%2.02%1.17%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)797.97
(-) Cash Dividends Paid (M)123.08
(=) Cash Retained (M)674.89
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)159.5999.7559.85
Cash Retained (M)674.89674.89674.89
(-) Cash Required (M)-159.59-99.75-59.85
(=) Excess Retained (M)515.30575.14615.04
(/) Shares Outstanding (M)207.45207.45207.45
(=) Excess Retained per Share2.482.772.96
LTM Dividend per Share0.590.590.59
(+) Excess Retained per Share2.482.772.96
(=) Adjusted Dividend3.083.373.56
WACC / Discount Rate9.63%9.63%9.63%
Growth Rate5.50%6.50%7.50%
Fair Value$78.68$114.66$179.89
Upside / Downside-33.32%-2.83%52.45%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)797.97849.84905.08963.911,026.571,093.291,126.09
Payout Ratio15.42%30.34%45.25%60.17%75.08%90.00%92.50%
Projected Dividends (M)123.08257.84409.59579.98770.80983.961,041.63

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.63%9.63%9.63%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)232.99235.20237.41
Year 2 PV (M)334.45340.82347.25
Year 3 PV (M)427.94440.22452.74
Year 4 PV (M)513.92533.68554.01
Year 5 PV (M)592.82621.45651.18
PV of Terminal Value (M)9,470.859,928.3010,403.25
Equity Value (M)11,572.9612,099.6612,645.83
Shares Outstanding (M)207.45207.45207.45
Fair Value$55.79$58.33$60.96
Upside / Downside-52.72%-50.57%-48.34%

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%