Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Shanghai Huayi Group Corporation Limited (600623.SS)

Company Dividend Discount ModelIndustry: ChemicalsSector: Basic Materials

Valuation Snapshot

Stable Growth$4.96 - $9.16$6.69
Multi-Stage$8.54 - $9.37$8.95
Blended Fair Value$7.82
Current Price$8.77
Upside-10.84%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-6.55%-0.37%0.380.310.640.190.270.530.390.230.230.39
YoY Growth--23.36%-51.96%234.93%-29.90%-48.77%34.09%70.51%2.34%-41.26%-1.59%
Dividend Yield--5.17%4.85%9.21%2.24%3.93%9.89%3.92%2.35%1.98%1.54%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)702.57
(-) Cash Dividends Paid (M)422.57
(=) Cash Retained (M)280.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)140.5187.8252.69
Cash Retained (M)280.00280.00280.00
(-) Cash Required (M)-140.51-87.82-52.69
(=) Excess Retained (M)139.48192.18227.30
(/) Shares Outstanding (M)2,060.752,060.752,060.75
(=) Excess Retained per Share0.070.090.11
LTM Dividend per Share0.210.210.21
(+) Excess Retained per Share0.070.090.11
(=) Adjusted Dividend0.270.300.32
WACC / Discount Rate6.35%6.35%6.35%
Growth Rate0.81%1.81%2.81%
Fair Value$4.96$6.69$9.16
Upside / Downside-43.40%-23.70%4.46%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)702.57715.32728.30741.52754.98768.68791.74
Payout Ratio60.15%66.12%72.09%78.06%84.03%90.00%92.50%
Projected Dividends (M)422.57472.95525.02578.82634.40691.81732.36

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.35%6.35%6.35%
Growth Rate0.81%1.81%2.81%
Year 1 PV (M)440.33444.69449.06
Year 2 PV (M)455.08464.16473.32
Year 3 PV (M)467.11481.15495.47
Year 4 PV (M)476.65495.85515.61
Year 5 PV (M)483.93508.41533.87
PV of Terminal Value (M)15,272.8116,045.4516,849.05
Equity Value (M)17,595.9118,439.7119,316.39
Shares Outstanding (M)2,060.752,060.752,060.75
Fair Value$8.54$8.95$9.37
Upside / Downside-2.64%2.03%6.88%

High-Yield Dividend Screener

« Prev Page 42 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
0O1S.LAlten S.A.3.81%$4.4339.82%
3607.TKuraudia Holdings Co.,Ltd.3.81%$11.9934.63%
7179.KLLagenda Properties Berhad3.81%$0.0530.12%
8188.HKGME Group Holdings Limited3.81%$0.0423.08%
FC9.DEFCR Immobilien AG3.81%$0.4615.59%
PSGO.JKPT Palma Serasih Tbk3.81%$8.0038.48%
TASA3.SATaurus Armas S.A.3.81%$0.1920.71%
000726.SZLu Thai Textile Co., Ltd.3.80%$0.2741.15%
012750.KSS-1 Corporation3.80%$2,699.9250.51%
603198.SSAnhui Yingjia Distillery Co., Ltd.3.80%$1.5057.46%
8273.TIzumi Co., Ltd.3.80%$113.8567.94%
LMKDC.ISLimak Dogu Anadolu Cimento Sny Ve Tcr AS3.80%$1.0927.90%
THULE.STThule Group AB (publ)3.80%$8.8190.05%
ZUGER.SWZuger Kantonalbank3.80%$335.4837.77%
000430.KSDaewon Kang Up Co., Ltd.3.79%$151.1888.95%
0558.HKL.K. Technology Holdings Limited3.79%$0.1321.83%
1888.HKKingboard Laminates Holdings Limited3.79%$0.5157.98%
603055.SSZhe Jiang Taihua New Material Co., Ltd.3.79%$0.3660.25%
CPU.AXComputershare Limited3.79%$1.2951.79%
INDS.JKPT Indospring Tbk3.79%$8.5681.55%
002120.SZYUNDA Holding Co., Ltd.3.78%$0.2559.62%
6305.THitachi Construction Machinery Co., Ltd.3.78%$175.1342.61%
GROREIT.BKGrande Royal Orchid Hospitality Real Estate Investment Trust with Buy-Back Condition3.78%$0.2834.44%
QNBK.QAQatar National Bank (Q.P.S.C.)3.78%$0.7138.00%
SISB.BKSISB Public Company Limited3.78%$0.4242.68%
078520.KSAble C&C Co., Ltd.3.77%$412.0869.50%
192400.KSCuckoo Holdings Co., Ltd.3.77%$1,087.9926.79%
6435.TWOSinopower Semiconductor, Inc.3.77%$4.2656.41%
6523.TPHC Holdings Corporation3.77%$41.8790.94%
6724.TSeiko Epson Corporation3.77%$74.7647.38%
ASCArdmore Shipping Corporation3.77%$0.3945.12%
BAHN-B.STBahnhof AB (publ)3.77%$2.0097.05%
CNDF.PACaisse Régionale de Crédit Agricole Mutuel Nord de France Société coopérative3.77%$1.0314.19%
0QLT.LGraubündner Kantonalbank3.76%$69.0139.45%
603587.SSDazzle Fashion Co., Ltd3.76%$0.5090.21%
A1OS.DEAll for One Group SE3.76%$1.6250.06%
CWY.AXCleanaway Waste Management Limited3.76%$0.1069.98%
GYT.BKGoodyear (Thailand) Public Company Limited3.76%$7.4022.93%
KARE.ATKarelia Tobacco Company Inc.3.76%$13.3038.58%
THEP.PAThermador Groupe S.A.3.76%$2.9736.00%
000708.SZCitic Pacific Special Steel Group Co., Ltd.3.75%$0.6156.33%
002615.SZZheJiang Haers Vacuum Containers Co.,Ltd.3.75%$0.2979.55%
004980.KSSungshin Cement Co., Ltd3.75%$351.1039.08%
2072.TWOCentury Wind Power Co., Ltd.3.75%$10.1549.95%
3455.TWOUtechzone Co., Ltd.3.75%$4.4995.02%
600519.SSKweichow Moutai Co., Ltd.3.75%$51.6271.84%
KUAS.JKPT Ace Oldfields Tbk3.75%$3.0033.35%
002142.SZBank of Ningbo Co., Ltd.3.74%$1.0524.03%
083420.KSGreen Chemical Co., Ltd.3.74%$240.1458.66%
0QPY.LSonova Holding AG3.74%$8.8746.46%