Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Major-Power Technology Co., Ltd. (6720.TWO)

Company Dividend Discount ModelIndustry: SemiconductorsSector: Technology

Valuation Snapshot

Stable Growth$43.42 - $61.51$52.35
Multi-Stage$65.02 - $71.39$68.14
Blended Fair Value$60.24
Current Price$127.60
Upside-52.79%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR202420232022202120202019201820172016
DPS0.00%0.00%1.330.041.080.400.190.000.000.000.000.00
YoY Growth--2,882.94%-95.87%166.94%115.70%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--0.99%0.09%6.86%1.12%0.83%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)188.02
(-) Cash Dividends Paid (M)39.03
(=) Cash Retained (M)148.99
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)37.6023.5014.10
Cash Retained (M)148.99148.99148.99
(-) Cash Required (M)-37.60-23.50-14.10
(=) Excess Retained (M)111.39125.49134.89
(/) Shares Outstanding (M)28.3828.3828.38
(=) Excess Retained per Share3.924.424.75
LTM Dividend per Share1.381.381.38
(+) Excess Retained per Share3.924.424.75
(=) Adjusted Dividend5.305.806.13
WACC / Discount Rate9.96%9.96%9.96%
Growth Rate-2.00%-1.00%0.00%
Fair Value$43.42$52.35$61.51
Upside / Downside-65.97%-58.97%-51.79%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)188.02186.14184.28182.44180.62178.81184.17
Payout Ratio20.76%34.61%48.45%62.30%76.15%90.00%92.50%
Projected Dividends (M)39.0364.4289.29113.67137.54160.93170.36

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.96%9.96%9.96%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)57.9958.5859.17
Year 2 PV (M)72.3673.8575.35
Year 3 PV (M)82.9285.4888.10
Year 4 PV (M)90.3294.0797.93
Year 5 PV (M)95.14100.09105.25
PV of Terminal Value (M)1,446.361,521.681,600.10
Equity Value (M)1,845.101,933.752,025.90
Shares Outstanding (M)28.3828.3828.38
Fair Value$65.02$68.14$71.39
Upside / Downside-49.05%-46.60%-44.05%

High-Yield Dividend Screener

« Prev Page 44 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
600583.SSOffshore Oil Engineering Co.,Ltd3.66%$0.2043.97%
601038.SSFirst Tractor Company Limited3.66%$0.5271.49%
601083.SSShanghai Jinjiang Shipping (Group) Co., Ltd.3.66%$0.4135.56%
601860.SSJiangsu Zijin Rural Commercial Bank Co.,Ltd3.66%$0.1025.05%
ENTEL.SNEmpresa Nacional de Telecomunicaciones S.A.3.66%$179.3263.27%
GGRM.JKPT Gudang Garam Tbk3.66%$500.0087.83%
GOB.DECompagnie de Saint-Gobain S.A.3.66%$3.1932.66%
HCLTECH.BOHCL Technologies Limited3.66%$60.0195.42%
LDA.MCLínea Directa Aseguradora, S.A.3.66%$0.0445.97%
QUB.AXQube Holdings Limited3.66%$0.1892.53%
RCIRogers Communications Inc.3.66%$1.3911.08%
RYRoyal Bank of Canada3.66%$6.2443.22%
VTWR.DEVantage Towers AG3.66%$1.1972.52%
2103.TWTSRC Corporation3.65%$0.5586.36%
383800.KSLX Holdings Corp.3.65%$289.9515.18%
3978.HKChina Beststudy Education Group3.65%$0.1427.04%
4952.TWGeneralplus Technology Inc.3.65%$1.2983.85%
QAL.AXQualitas Limited3.65%$0.1366.09%
300628.SZYealink Network Technology Co., Ltd.3.64%$1.3064.58%
688517.SSJinGuan Electric Co., Ltd.3.64%$0.5791.64%
CEZ.PRCEZ, a. s.3.64%$47.1187.97%
EB5.SIFirst Resources Limited3.64%$0.0840.25%
HEIJM.ASKoninklijke Heijmans N.V.3.64%$2.5236.26%
NOVN.SWNovartis AG3.64%$3.9954.32%
0631.HKSany Heavy Equipment International Holdings Company Limited3.63%$0.3138.50%
0MT8.LDrägerwerk AG & Co. KGaA3.63%$2.0031.00%
0N9Z.LEVS Broadcast Equipment S.A.3.63%$1.3426.19%
267980.KQMaeil Dairies Co., Ltd.3.63%$1,244.0920.37%
600968.SSCNOOC Energy Technology & Services Limited3.63%$0.1437.04%
AALI.JKPT Astra Agro Lestari Tbk3.63%$267.9736.41%
EKTER.ATEkter S.A.3.63%$0.1322.08%
IGM.TOIGM Financial Inc.3.63%$2.2551.57%
018670.KSSK Gas Co., Ltd.3.62%$7,934.7324.18%
0RGI.LCosmo Pharmaceuticals N.V.3.62%$3.8148.74%
101530.KSHaitai Confectionery&Foods Co.,ltd.3.62%$250.1327.55%
230360.KQEchomarketing Co.,Ltd.3.62%$503.2355.69%
SANB11.SABanco Santander (Brasil) S.A.3.62%$1.2276.05%
SBSP3.SACompanhia de Saneamento Básico do Estado de São Paulo - SABESP3.62%$4.8245.66%
000786.SZBeijing New Building Materials Public Limited Company3.61%$0.9049.35%
003013.SZGuangzhou Metro Design & Research Institute Co., Ltd.3.61%$0.5137.72%
272550.KSSamyang Packaging Corporation3.61%$482.8352.27%
300908.SZZhongjing Food Co., Ltd.3.61%$1.0081.13%
4188.TMitsubishi Chemical Group Corporation3.61%$33.0539.87%
600332.SSGuangzhou Baiyunshan Pharmaceutical Holdings Company Limited3.61%$0.9350.53%
600742.SSChangchun FAWAY Automobile Components Co.,Ltd3.61%$0.3653.61%
600928.SSBank of Xi'an Co.,Ltd.3.61%$0.1322.27%
CTD.AXCorporate Travel Management Limited3.61%$0.5847.61%
SAMTEL.BKSamart Telcoms Public Company Limited3.61%$0.1583.39%
0K9W.ILHuhtamäki Oyj3.60%$1.0756.07%
0M6I.LHeijmans N.V.3.60%$2.5236.26%