Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

China Telecom Corporation Limited (601728.SS)

Company Dividend Discount ModelIndustry: Telecommunications ServicesSector: Communication Services

Valuation Snapshot

Stable Growth$21.38 - $78.76$65.55
Multi-Stage$10.96 - $11.99$11.47
Blended Fair Value$38.51
Current Price$6.66
Upside478.18%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS21.48%14.27%0.260.220.290.090.100.100.080.080.070.07
YoY Growth--17.29%-24.41%214.47%-8.89%4.17%17.48%0.50%16.04%5.34%-0.61%
Dividend Yield--3.28%3.64%4.58%2.31%1.66%1.59%1.35%1.35%1.16%1.10%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)36,373.32
(-) Cash Dividends Paid (M)15,722.28
(=) Cash Retained (M)20,651.04
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)7,274.664,546.672,728.00
Cash Retained (M)20,651.0420,651.0420,651.04
(-) Cash Required (M)-7,274.66-4,546.67-2,728.00
(=) Excess Retained (M)13,376.3716,104.3717,923.04
(/) Shares Outstanding (M)91,507.1091,507.1091,507.10
(=) Excess Retained per Share0.150.180.20
LTM Dividend per Share0.170.170.17
(+) Excess Retained per Share0.150.180.20
(=) Adjusted Dividend0.320.350.37
WACC / Discount Rate6.66%6.66%6.66%
Growth Rate5.10%6.10%7.10%
Fair Value$21.38$65.55$78.76
Upside / Downside221.06%884.20%1,082.52%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)36,373.3238,591.5640,945.0743,442.1146,091.4448,902.3450,369.41
Payout Ratio43.22%52.58%61.93%71.29%80.64%90.00%92.50%
Projected Dividends (M)15,722.2820,291.3725,359.2730,969.8437,170.4244,012.1046,591.70

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.66%6.66%6.66%
Growth Rate5.10%6.10%7.10%
Year 1 PV (M)18,844.7719,024.0819,203.39
Year 2 PV (M)21,872.3822,290.5822,712.75
Year 3 PV (M)24,807.2025,522.0826,250.55
Year 4 PV (M)27,651.3228,718.8329,816.96
Year 5 PV (M)30,406.7631,881.1333,412.16
PV of Terminal Value (M)879,119.65921,746.75966,011.58
Equity Value (M)1,002,702.091,049,183.461,097,407.38
Shares Outstanding (M)91,507.1091,507.1091,507.10
Fair Value$10.96$11.47$11.99
Upside / Downside64.53%72.16%80.07%

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%