Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

SciClone Pharmaceuticals (Holdings) Limited (6600.HK)

Company Dividend Discount ModelIndustry: Drug Manufacturers - Specialty & GenericSector: Healthcare

Valuation Snapshot

Stable Growth$18.34 - $29.70$23.45
Multi-Stage$52.35 - $57.76$55.00
Blended Fair Value$39.22
Current Price$12.61
Upside211.06%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2023202220212020201920182017
DPS-17.52%0.00%0.330.321.273.340.330.870.000.000.000.00
YoY Growth--4.57%-75.15%-61.94%927.32%-62.44%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--2.62%3.53%18.30%21.13%1.94%0.00%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,121.90
(-) Cash Dividends Paid (M)215.02
(=) Cash Retained (M)906.88
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)224.38140.2484.14
Cash Retained (M)906.88906.88906.88
(-) Cash Required (M)-224.38-140.24-84.14
(=) Excess Retained (M)682.50766.65822.74
(/) Shares Outstanding (M)650.43650.43650.43
(=) Excess Retained per Share1.051.181.26
LTM Dividend per Share0.330.330.33
(+) Excess Retained per Share1.051.181.26
(=) Adjusted Dividend1.381.511.60
WACC / Discount Rate5.37%5.37%5.37%
Growth Rate-2.00%-1.00%0.00%
Fair Value$18.34$23.45$29.70
Upside / Downside45.45%85.93%135.50%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,121.901,110.681,099.581,088.581,077.691,066.921,098.93
Payout Ratio19.17%33.33%47.50%61.67%75.83%90.00%92.50%
Projected Dividends (M)215.02370.22522.29671.29817.25960.231,016.51

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate5.37%5.37%5.37%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)347.79351.34354.89
Year 2 PV (M)460.93470.39479.94
Year 3 PV (M)556.54573.75591.31
Year 4 PV (M)636.51662.89690.08
Year 5 PV (M)702.57739.15777.24
PV of Terminal Value (M)31,345.7132,977.9634,677.50
Equity Value (M)34,050.0535,775.4837,570.97
Shares Outstanding (M)650.43650.43650.43
Fair Value$52.35$55.00$57.76
Upside / Downside315.15%336.18%358.07%

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%