Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Zhejiang Shibao Company Limited (002703.SZ)

Company Dividend Discount ModelIndustry: Auto - PartsSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$38.33 - $45.16$42.32
Multi-Stage$32.31 - $35.46$33.85
Blended Fair Value$38.08
Current Price$14.05
Upside171.06%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS51.67%-4.65%0.030.010.010.010.010.000.000.040.040.05
YoY Growth--234.34%49.02%9.27%4.99%40.43%107.15%-95.43%-0.84%-15.87%-2.12%
Dividend Yield--0.24%0.06%0.07%0.10%0.10%0.08%0.03%0.61%0.30%0.46%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)186.82
(-) Cash Dividends Paid (M)49.92
(=) Cash Retained (M)136.90
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)37.3623.3514.01
Cash Retained (M)136.90136.90136.90
(-) Cash Required (M)-37.36-23.35-14.01
(=) Excess Retained (M)99.53113.55122.89
(/) Shares Outstanding (M)822.78822.78822.78
(=) Excess Retained per Share0.120.140.15
LTM Dividend per Share0.060.060.06
(+) Excess Retained per Share0.120.140.15
(=) Adjusted Dividend0.180.200.21
WACC / Discount Rate-2.05%-2.05%-2.05%
Growth Rate5.50%6.50%7.50%
Fair Value$38.33$42.32$45.16
Upside / Downside172.79%201.19%221.39%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)186.82198.96211.89225.66240.33255.95263.63
Payout Ratio26.72%39.38%52.03%64.69%77.34%90.00%92.50%
Projected Dividends (M)49.9278.34110.25145.98185.88230.36243.86

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate-2.05%-2.05%-2.05%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)79.2379.9880.73
Year 2 PV (M)112.76114.91117.08
Year 3 PV (M)151.00155.33159.75
Year 4 PV (M)194.45201.93209.62
Year 5 PV (M)243.70255.48267.70
PV of Terminal Value (M)25,798.8127,044.9028,338.68
Equity Value (M)26,579.9527,852.5329,173.56
Shares Outstanding (M)822.78822.78822.78
Fair Value$32.31$33.85$35.46
Upside / Downside129.93%140.94%152.36%

High-Yield Dividend Screener

« Prev Page 5 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
U11.SIUnited Overseas Bank Limited11.62%$4.1058.46%
9543.SRSaudi Networkers Services Company11.60%$8.7072.96%
0688.HKChina Overseas Land & Investment Limited11.57%$1.4538.43%
0QKP.LPhoenix Mecano AG11.55%$51.5065.02%
601668.SSChina State Construction Engineering Corporation Limited11.55%$0.5954.79%
5983.KLMBM Resources Bhd11.49%$0.6069.77%
601800.SSChina Communications Construction Company Limited11.48%$0.9576.83%
0440.HKDah Sing Financial Holdings Limited11.45%$4.0834.85%
H02.SIHaw Par Corporation Limited11.39%$1.8082.18%
EDV.AXEndeavour Group Limited11.35%$0.4279.74%
102260.KSDongsung Chemical Co., Ltd.11.33%$470.0161.08%
092230.KSKPX Holdings Co.,Ltd.11.32%$8,125.9434.75%
9909.HKPowerlong Commercial Management Holdings Limited11.28%$0.2829.74%
SVR.AXSolvar Limited11.25%$0.2083.01%
HOLCO.ASHolland Colours N.V.11.23%$9.8877.82%
RBN-UN.TOBlue Ribbon Income Fund11.23%$0.9343.10%
0066.HKMTR Corporation Limited11.22%$3.3977.76%
3360.HKFar East Horizon Limited11.17%$0.8944.98%
0934.HKSinopec Kantons Holdings Limited11.16%$0.4758.03%
317400.KSXi S&D Inc.11.16%$481.1664.89%
0146.HKTai Ping Carpets International Limited11.12%$0.2151.92%
096760.KSJW Holdings Corporation11.12%$390.8363.07%
3868.HKXinyi Energy Holdings Limited11.12%$0.1360.32%
BMW3.DEBayerische Motoren Werke AG11.11%$10.5291.60%
1109.HKChina Resources Land Limited11.09%$3.0736.44%
2380.HKChina Power International Development Limited11.08%$0.3656.67%
3900.HKGreentown China Holdings Limited11.07%$0.9398.98%
600016.SSChina Minsheng Banking Corp., Ltd.11.06%$0.4261.11%
BFG.AXBell Financial Group Limited11.06%$0.1590.20%
1571.HKXin Point Holdings Limited11.03%$0.4241.05%
601577.SSBank of Changsha Co., Ltd.11.03%$1.0752.50%
IMMOU.BRImmo Moury SCA11.02%$3.5993.20%
2555.HKSichuan Baicha Baidao Industrial Co., Ltd.11.00%$0.7076.19%
POMO3.SAMarcopolo S.A.10.98%$0.6158.30%
IEL.AXIDP Education Limited10.96%$0.6398.92%
1579.HKYihai International Holding Ltd.10.95%$1.4288.97%
SPTO.JKPT Surya Pertiwi Tbk10.93%$70.5268.08%
TOTG.OLTotens Sparebank10.91%$31.6287.19%
1052.HKYuexiu Transport Infrastructure Limited10.89%$0.5162.60%
601919.SSCOSCO SHIPPING Holdings Co., Ltd.10.89%$1.6567.32%
DETEC.HEDetection Technology Oyj10.89%$1.2399.18%
018500.KSDongwon Metal Co., Ltd.10.86%$150.3024.83%
3799.HKDali Foods Group Company Limited10.86%$0.4172.83%
EBRO.MCEbro Foods, S.A.10.86%$2.0177.79%
023590.KSDaou Technology Inc.10.85%$4,297.7041.75%
0392.HKBeijing Enterprises Holdings Limited10.84%$3.4643.30%
NOVC.DENovo Nordisk A/S10.83%$9.9046.60%
0408.HKYip's Chemical Holdings Limited10.81%$0.2048.65%
4342.SRJadwa Investment - Jadwa Reit Saudi Fund10.80%$1.2085.91%
RIAS-B.CORIAS A/S10.79%$73.9373.44%