Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Advanced Micro-Fabrication Equipment Inc. China (688012.SS)

Company Dividend Discount ModelIndustry: SemiconductorsSector: Technology

Valuation Snapshot

Stable Growth$60.12 - $132.87$86.59
Multi-Stage$42.29 - $46.25$44.23
Blended Fair Value$65.41
Current Price$298.99
Upside-78.12%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR202420232022202120202019201820172016
DPS195.62%0.00%0.320.220.010.000.000.000.020.020.020.00
YoY Growth--45.61%4,069.38%0.00%-100.00%-70.61%-92.78%-14.88%3.37%0.00%0.00%
Dividend Yield--0.17%0.14%0.00%0.00%0.00%0.00%0.02%0.03%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,913.89
(-) Cash Dividends Paid (M)13.95
(=) Cash Retained (M)1,899.94
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)382.78239.24143.54
Cash Retained (M)1,899.941,899.941,899.94
(-) Cash Required (M)-382.78-239.24-143.54
(=) Excess Retained (M)1,517.161,660.711,756.40
(/) Shares Outstanding (M)627.29627.29627.29
(=) Excess Retained per Share2.422.652.80
LTM Dividend per Share0.020.020.02
(+) Excess Retained per Share2.422.652.80
(=) Adjusted Dividend2.442.672.82
WACC / Discount Rate9.78%9.78%9.78%
Growth Rate5.50%6.50%7.50%
Fair Value$60.12$86.59$132.87
Upside / Downside-79.89%-71.04%-55.56%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,913.892,038.292,170.782,311.882,462.152,622.192,700.86
Payout Ratio0.73%18.58%36.44%54.29%72.15%90.00%92.50%
Projected Dividends (M)13.95378.78790.971,255.151,776.342,359.972,498.29

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.78%9.78%9.78%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)341.78345.02348.26
Year 2 PV (M)644.01656.28668.66
Year 3 PV (M)922.14948.61975.58
Year 4 PV (M)1,177.581,222.871,269.45
Year 5 PV (M)1,411.681,479.871,550.66
PV of Terminal Value (M)22,030.5723,094.6524,199.46
Equity Value (M)26,527.7627,747.2929,012.07
Shares Outstanding (M)627.29627.29627.29
Fair Value$42.29$44.23$46.25
Upside / Downside-85.86%-85.21%-84.53%

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%