Definitive Analysis | Institutional-Grade Financial Research
Definitive Analysis
Get Full Access
See Pricing Start Free Trial

Bank of Shanghai Co., Ltd. (601229.SS)

Company Dividend Discount ModelIndustry: Banks - RegionalSector: Financial Services

Valuation Snapshot

Stable Growth$45.92 - $207.98$80.47
Multi-Stage$37.39 - $40.84$39.08
Blended Fair Value$59.78
Current Price$8.96
Upside567.17%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS11.48%36.25%1.290.400.880.830.760.750.770.350.000.07
YoY Growth--222.66%-54.46%6.22%8.82%1.38%-2.36%120.55%13,437.20%-96.22%16.09%
Dividend Yield--13.11%5.90%14.67%12.46%8.65%9.10%8.18%4.28%0.03%0.63%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)24,047.91
(-) Cash Dividends Paid (M)22,541.89
(=) Cash Retained (M)1,506.02
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)4,809.583,005.991,803.59
Cash Retained (M)1,506.021,506.021,506.02
(-) Cash Required (M)-4,809.58-3,005.99-1,803.59
(=) Excess Retained (M)-3,303.56-1,499.97-297.57
(/) Shares Outstanding (M)16,165.5016,165.5016,165.50
(=) Excess Retained per Share-0.20-0.09-0.02
LTM Dividend per Share1.391.391.39
(+) Excess Retained per Share-0.20-0.09-0.02
(=) Adjusted Dividend1.191.301.38
WACC / Discount Rate7.01%7.01%7.01%
Growth Rate4.31%5.31%6.31%
Fair Value$45.92$80.47$207.98
Upside / Downside412.50%798.15%2,221.19%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)24,047.9125,324.8026,669.4928,085.5929,576.8731,147.3432,081.76
Payout Ratio93.74%92.99%92.24%91.49%90.75%90.00%92.50%
Projected Dividends (M)22,541.8923,549.5124,600.5925,696.9026,840.2628,032.6029,675.63

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.01%7.01%7.01%
Growth Rate4.31%5.31%6.31%
Year 1 PV (M)21,797.2222,006.1922,215.15
Year 2 PV (M)21,075.7921,481.8321,891.74
Year 3 PV (M)20,376.9020,968.5921,571.62
Year 4 PV (M)19,699.8720,466.2421,254.76
Year 5 PV (M)19,044.0519,974.5820,941.13
PV of Terminal Value (M)502,353.93526,899.99552,396.29
Equity Value (M)604,347.77631,797.41660,270.70
Shares Outstanding (M)16,165.5016,165.5016,165.50
Fair Value$37.39$39.08$40.84
Upside / Downside317.24%336.20%355.85%

High-Yield Dividend Screener

« Prev Page 5 of 30 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
PFEPfizer Inc.6.75%$1.7098.83%
COGCabot Oil & Gas Corporation6.71%$1.4952.20%
VZVerizon Communications Inc.6.66%$2.7057.56%
ACAssociated Capital Group, Inc.6.63%$2.2186.94%
VACMarriott Vacations Worldwide Corporation6.62%$3.9078.61%
SSTKShutterstock, Inc.6.61%$1.2475.34%
EPDEnterprise Products Partners L.P.6.60%$2.1280.06%
SXCSunCoke Energy, Inc.6.57%$0.4863.44%
DINDine Brands Global, Inc.6.56%$2.1890.98%
CBLCBL & Associates Properties, Inc.6.54%$2.4261.13%
CRICarter's, Inc.6.47%$2.1585.39%
KYNKayne Anderson Energy Infrastructure Fund, Inc.6.47%$0.8035.36%
SMMCXWestern Asset Managed Municipals Fund Class C6.45%$0.9671.65%
HESMHess Midstream LP6.39%$2.2187.39%
WRB-PFW.R. Berkley Corporation 5.10%6.38%$1.2726.69%
RMTRoyce Micro-Cap Trust, Inc.6.37%$0.6732.29%
PNFPIMCO New York Municipal Income Fund6.30%$0.4854.92%
ENREnergizer Holdings, Inc.6.29%$1.2536.44%
UPSUnited Parcel Service, Inc.6.29%$6.3598.06%
NWBINorthwest Bancshares, Inc.6.27%$0.7593.81%
UIHCUnited Insurance Holdings Corp.6.27%$0.485.99%
TROWT. Rowe Price Group, Inc.6.24%$6.5369.41%
JRSHJerash Holdings (US), Inc.6.20%$0.190.52%
MUABlackRock MuniAssets Fund, Inc.6.14%$0.6673.39%
VKIInvesco Advantage Municipal Income Trust II6.11%$0.5676.68%
GL-PDGlobe Life Inc. 4.25% Junior Su6.10%$1.037.35%
CLNYColony Capital, Inc.6.07%$0.5213.43%
OMFOneMain Holdings, Inc.6.07%$4.2071.06%
VICIVICI Properties Inc.6.07%$1.7165.54%
IMMRImmersion Corporation6.06%$0.3914.22%
KRNYKearny Financial Corp.5.99%$0.4493.99%
DMFBNY Mellon Municipal Income, Inc.5.97%$0.4129.64%
UNBUnion Bankshares, Inc.5.96%$1.4157.02%
ARTMXArtisan Mid Cap Fund Inv Shs5.91%$1.9591.77%
SABASaba Capital Income & Opportunities Fund II5.87%$0.4924.55%
BRDBeard Energy Transition Acquisition Corp.5.86%$0.6395.51%
ETRNEquitrans Midstream Corporation5.81%$0.7269.91%
EHLDVEuroholdings Ltd5.80%$0.285.02%
REPXRiley Exploration Permian, Inc.5.80%$1.5438.01%
AIIAmerican Integrity Insurance Group, Inc.5.79%$1.1726.25%
VRTSVirtus Investment Partners, Inc.5.75%$9.3547.12%
CXHMFS Investment Grade Municipal Trust5.74%$0.4680.40%
GESGuess', Inc.5.72%$0.9661.52%
KRCKilroy Realty Corporation5.71%$2.1779.80%
WRB-PEW. R. Berkley Corporation 5.70% SB DB 20585.68%$1.2726.69%
LEOBNY Mellon Strategic Municipals, Inc.5.66%$0.3637.22%
WLYBJohn Wiley & Sons, Inc.5.64%$1.7692.90%
KMPBKemper Corporation 5.875% Fixed5.60%$1.3132.45%
CBTXCBTX, Inc.5.56%$1.6354.55%
0HST.LCampbell Soup Company5.53%$1.5580.10%