Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

San Miguel Brewery Hong Kong Limited (0236.HK)

Company Dividend Discount ModelIndustry: Beverages - AlcoholicSector: Consumer Defensive

Valuation Snapshot

Stable Growth$1.70 - $2.65$2.14
Multi-Stage$3.97 - $4.37$4.16
Blended Fair Value$3.15
Current Price$0.96
Upside228.27%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%9.98%0.050.010.000.000.000.000.000.000.000.01
YoY Growth--399.97%0.00%0.00%0.00%0.00%0.00%0.00%0.00%-100.00%-48.23%
Dividend Yield--5.95%1.18%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.78%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)66.93
(-) Cash Dividends Paid (M)22.42
(=) Cash Retained (M)44.51
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)13.398.375.02
Cash Retained (M)44.5144.5144.51
(-) Cash Required (M)-13.39-8.37-5.02
(=) Excess Retained (M)31.1336.1539.49
(/) Shares Outstanding (M)373.57373.57373.57
(=) Excess Retained per Share0.080.100.11
LTM Dividend per Share0.060.060.06
(+) Excess Retained per Share0.080.100.11
(=) Adjusted Dividend0.140.160.17
WACC / Discount Rate6.25%6.25%6.25%
Growth Rate-2.00%-1.00%0.00%
Fair Value$1.70$2.14$2.65
Upside / Downside77.27%122.88%176.05%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)66.9366.2665.6064.9464.2963.6565.56
Payout Ratio33.49%44.79%56.09%67.40%78.70%90.00%92.50%
Projected Dividends (M)22.4229.6836.8043.7750.6057.2860.64

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.25%6.25%6.25%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)27.6527.9328.21
Year 2 PV (M)31.9432.5933.25
Year 3 PV (M)35.3936.4937.60
Year 4 PV (M)38.1239.7041.32
Year 5 PV (M)40.2042.3044.48
PV of Terminal Value (M)1,308.141,376.261,447.19
Equity Value (M)1,481.441,555.261,632.06
Shares Outstanding (M)373.57373.57373.57
Fair Value$3.97$4.16$4.37
Upside / Downside313.09%333.67%355.08%

High-Yield Dividend Screener

« Prev Page 52 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
PRN.AXPerenti Limited3.11%$0.0939.25%
S11.BKS 11 Group Public Company Limited3.11%$0.1017.73%
SPKSJF.COSparekassen Sjælland-Fyn A/S3.11%$11.8230.81%
0QQT.LEdisun Power Europe AG3.10%$1.618.38%
117580.KSDaesung Energy Co., Ltd.3.10%$248.5825.96%
5851.TRyobi Limited3.10%$84.8741.68%
601952.SSJiangsu Provincial Agricultural Reclamation and Development Co.,Ltd.3.10%$0.2867.42%
7242.TKYB Corporation3.10%$138.5423.69%
8206.KLEco World Development Group Berhad3.10%$0.0755.27%
EGR1T.TLEnefit Green AS3.10%$0.1147.44%
ROU.BRRoularta Media Group N.V.3.10%$0.3763.60%
021240.KSCOWAY Co., Ltd.3.09%$2,641.4332.91%
032830.KSSamsung Life Insurance Co., Ltd.3.09%$4,826.3739.72%
4809.TParaca Inc.3.09%$62.8332.24%
ACKB.BRAckermans & Van Haaren N.V.3.09%$7.1924.51%
BRCR11.SAFundo de Investimento Imobiliário - FII BTG Pactual Corporate Office Fund3.09%$1.4381.27%
ICLICL Group Ltd3.09%$0.1862.52%
LPP.WALPP S.A.3.09%$654.9267.31%
MINT-R.BKMinor International Public Company Limited3.09%$0.7558.46%
SSMS.JKPT Sawit Sumbermas Sarana Tbk.3.09%$47.9037.66%
TKNO4.SATekno S.A. Indústria e Comércio3.09%$6.2852.08%
002772.SZTianshui Zhongxing Bio-technology Co.,Ltd.3.08%$0.4569.10%
008490.KSSuheung Co., Ltd.3.08%$663.1317.93%
015750.KQSungwoo Hitech Co., Ltd.3.08%$209.439.11%
0KIZ.LNew Wave Group AB (publ)3.08%$3.5056.51%
3696.TCeres Inc.3.08%$59.8629.20%
9535.SRLadun Investment Company3.08%$0.0833.54%
BAMNB.ASKoninklijke BAM Groep nv3.08%$0.3026.44%
002500.SZShanxi Securities Co., Ltd.3.07%$0.1872.43%
1734.TWSinphar Pharmaceutical Co.,Ltd.3.07%$0.9454.13%
603035.SSJiangsu Changshu Automotive Trim Group Co., Ltd.3.07%$0.4744.81%
688029.SSMicro-Tech (Nanjing) Co., Ltd.3.07%$2.5076.50%
9622.SRShmoh Almadi Co.3.07%$0.2753.61%
4423.TARTERIA Networks Corporation3.06%$60.5352.12%
COH.AXCochlear Limited3.06%$7.9970.26%
GEBKA.ATGeneral Commercial & Industrial S.A.3.06%$0.0862.96%
KAT.AXKatana Capital Limited3.06%$0.0426.99%
KBSPIF.BKKhonburi Sugar Power Plant Infrastructure Fund3.06%$0.2519.88%
002001.SZZhejiang NHU Company Ltd.3.05%$0.7732.74%
008560.KSMeritz Securities Co., Ltd.3.05%$185.9714.12%
0826.HKTiangong International Company Limited3.05%$0.1037.07%
339770.KSKyochon Food&Beverage Co., Ltd.3.05%$130.8548.67%
600511.SSChina National Medicines Corporation Ltd.3.05%$0.8832.88%
6902.TDENSO Corporation3.05%$65.9045.39%
BGRIM-R.BKB.Grimm Power Public Company Limited3.05%$0.4356.94%
CSMG3.SACompanhia de Saneamento de Minas Gerais3.05%$1.3337.21%
PIHLIS.HEPihlajalinna Oyj3.05%$0.4424.32%
0EXG.ILJerónimo Martins, SGPS, S.A.3.04%$0.6263.09%
0NX2.LABB Ltd3.04%$1.0543.06%
4204.TSekisui Chemical Co., Ltd.3.04%$80.0246.81%