Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Zheshang Securities Co., Ltd. (601878.SS)

Company Dividend Discount ModelIndustry: Financial - Capital MarketsSector: Financial Services

Valuation Snapshot

Stable Growth$94.72 - $111.60$104.58
Multi-Stage$21.12 - $23.14$22.11
Blended Fair Value$63.35
Current Price$11.53
Upside449.41%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS3.97%37.31%0.290.260.310.310.240.240.210.120.180.03
YoY Growth--13.01%-16.08%-2.18%29.43%1.18%12.31%80.15%-32.51%411.39%180.89%
Dividend Yield--2.56%2.33%3.05%2.99%1.89%2.39%1.82%0.93%1.44%0.28%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)2,558.95
(-) Cash Dividends Paid (M)900.20
(=) Cash Retained (M)1,658.75
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)511.79319.87191.92
Cash Retained (M)1,658.751,658.751,658.75
(-) Cash Required (M)-511.79-319.87-191.92
(=) Excess Retained (M)1,146.961,338.891,466.83
(/) Shares Outstanding (M)4,560.264,560.264,560.26
(=) Excess Retained per Share0.250.290.32
LTM Dividend per Share0.200.200.20
(+) Excess Retained per Share0.250.290.32
(=) Adjusted Dividend0.450.490.52
WACC / Discount Rate5.75%5.75%5.75%
Growth Rate5.50%6.50%7.50%
Fair Value$94.72$104.58$111.60
Upside / Downside721.51%807.05%867.88%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)2,558.952,725.282,902.433,091.093,292.013,505.993,611.17
Payout Ratio35.18%46.14%57.11%68.07%79.04%90.00%92.50%
Projected Dividends (M)900.201,257.521,657.492,104.142,601.863,155.393,340.33

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate5.75%5.75%5.75%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)1,178.001,189.161,200.33
Year 2 PV (M)1,454.491,482.191,510.16
Year 3 PV (M)1,729.681,779.331,829.92
Year 4 PV (M)2,003.572,080.622,159.87
Year 5 PV (M)2,276.162,386.102,500.24
PV of Terminal Value (M)87,678.5291,913.4296,310.41
Equity Value (M)96,320.41100,830.83105,510.94
Shares Outstanding (M)4,560.264,560.264,560.26
Fair Value$21.12$22.11$23.14
Upside / Downside83.19%91.77%100.67%

High-Yield Dividend Screener

« Prev Page 43 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
9541.SRAcademy Of Learning Company3.74%$0.4378.32%
BBCA.JKPT Bank Central Asia Tbk3.74%$300.0564.91%
BKGI.BKBangkok Genomics Innovation Public Company Limited3.74%$0.0588.71%
DACDanaos Corporation3.74%$3.5614.02%
JKON.JKPT Jaya Konstruksi Manggala Pratama Tbk3.74%$3.2545.42%
MDKI.JKPT Emdeki Utama Tbk3.74%$8.0062.54%
NORCO.OLNorconsult ASA3.74%$1.6672.73%
SLCE3.SASLC Agrícola S.A.3.74%$0.5541.84%
3948.HKInner Mongolia Yitai Coal Co., Ltd.3.73%$0.6524.32%
IDPR.JKPT Indonesia Pondasi Raya Tbk3.73%$10.0075.77%
KIMBERA.MXKimberly-Clark de México, S. A. B. de C. V.3.73%$1.4357.51%
PGMN3.SAEmpreendimentos Pague Menos S.A.3.73%$0.2374.59%
QIBK.QAQatar Islamic Bank (Q.P.S.C.)3.73%$0.8944.73%
002367.SZCanny Elevator Co., Ltd.3.72%$0.3060.41%
600300.SSV V Food & Beverage Co.,Ltd3.72%$0.1351.92%
603899.SSShanghai M&G Stationery Inc.3.72%$1.0169.72%
RHC.AXRamsay Health Care Limited3.72%$1.2932.49%
000999.SZChina Resources Sanjiu Medical & Pharmaceutical Co., Ltd.3.71%$1.0663.26%
214180.KQHecto Innovation Co., Ltd.3.71%$602.8723.75%
603948.SSZhejiang Jianye Chemical Co., Ltd.3.71%$1.0175.31%
6089.TWill Group, Inc.3.71%$44.4274.52%
QNNS.QAQatar Navigation Q.P.S.C.3.71%$0.4038.98%
016610.KSDB Securities Co., Ltd.3.70%$404.3430.24%
2471.TS-Pool, Inc.3.70%$10.1043.62%
3430.TWOChitec Technology Co., Ltd.3.70%$2.5075.20%
4560.TWStrong H Machinery Technology (Cayman) Incorporation3.70%$1.2042.07%
5347.KLTenaga Nasional Berhad3.70%$0.5162.35%
LOOMIS.STLoomis AB (publ)3.70%$14.1053.46%
MIDW-A.STMidway Holding AB (publ)3.70%$0.9165.00%
PNDORA.COPandora A/S3.70%$25.7237.06%
SPVI.BKS P V I Public Company Limited3.70%$0.0837.67%
3401.TTeijin Limited3.69%$49.9735.81%
BZU.MIBuzzi Unicem S.p.A.3.69%$1.9018.48%
CWP.AXCedar Woods Properties Limited3.69%$0.3115.67%
CX.STCombinedX AB (publ)3.69%$1.3755.29%
REH.AXReece Limited3.69%$0.4943.22%
000783.SZChangjiang Securities Company Limited3.68%$0.3043.98%
014820.KSDongwon Systems Corporation3.68%$916.7745.73%
2245.HKLygend Resources & Technology Co., Ltd.3.68%$0.9136.29%
5DD.SIMicro-Mechanics (Holdings) Ltd.3.68%$0.0666.85%
600598.SSHeilongjiang Agriculture Company Limited3.68%$0.5589.21%
601156.SSEastern Air Logistics Co., Ltd.3.68%$0.6841.00%
NICL.JKPT PAM Mineral Tbk3.68%$51.0099.38%
PNBN.JKP.T. Bank Pan Indonesia Tbk3.68%$42.0037.86%
3617.TWCyber Power Systems, Inc.3.67%$7.6445.54%
5296.KLMr D.I.Y. Group (M) Berhad3.67%$0.0687.61%
600535.SSTasly Pharmaceutical Group Co., Ltd3.67%$0.5575.36%
8424.TFuyo General Lease Co., Ltd.3.67%$157.5152.44%
9937.TWNational Petroleum Co., Ltd.3.67%$2.1088.32%
KEMIRA.HEKemira Oyj3.67%$0.7249.87%