Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Jiangxi Hongcheng Environment Co.,Ltd. (600461.SS)

Company Dividend Discount ModelIndustry: Regulated WaterSector: Utilities

Valuation Snapshot

Stable Growth$36.10 - $155.62$87.91
Multi-Stage$18.13 - $19.84$18.97
Blended Fair Value$53.44
Current Price$8.82
Upside505.90%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS14.74%13.15%0.400.510.490.460.290.200.120.160.170.12
YoY Growth---22.42%3.81%8.04%59.60%43.18%72.23%-29.07%-6.77%45.64%4.30%
Dividend Yield--4.29%5.32%6.84%6.16%4.09%2.94%1.76%2.61%2.30%1.62%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,200.86
(-) Cash Dividends Paid (M)275.88
(=) Cash Retained (M)924.98
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)240.17150.1190.06
Cash Retained (M)924.98924.98924.98
(-) Cash Required (M)-240.17-150.11-90.06
(=) Excess Retained (M)684.81774.88834.92
(/) Shares Outstanding (M)1,534.611,534.611,534.61
(=) Excess Retained per Share0.450.500.54
LTM Dividend per Share0.180.180.18
(+) Excess Retained per Share0.450.500.54
(=) Adjusted Dividend0.630.680.72
WACC / Discount Rate7.33%7.33%7.33%
Growth Rate5.50%6.50%7.50%
Fair Value$36.10$87.91$155.62
Upside / Downside309.29%896.70%1,664.45%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,200.861,278.921,362.051,450.581,544.871,645.291,694.65
Payout Ratio22.97%36.38%49.78%63.19%76.59%90.00%92.50%
Projected Dividends (M)275.88465.26678.08916.611,183.291,480.761,567.55

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.33%7.33%7.33%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)429.41433.48437.55
Year 2 PV (M)577.63588.63599.74
Year 3 PV (M)720.67741.36762.44
Year 4 PV (M)858.67891.69925.66
Year 5 PV (M)991.751,039.651,089.39
PV of Terminal Value (M)24,249.3825,420.6426,636.72
Equity Value (M)27,827.5229,115.4630,451.50
Shares Outstanding (M)1,534.611,534.611,534.61
Fair Value$18.13$18.97$19.84
Upside / Downside105.59%115.11%124.98%

High-Yield Dividend Screener

« Prev Page 53 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
603600.SSUE Furniture Co., Ltd.3.04%$0.3645.42%
6725.TWOCica-Huntek Chemical Technology Taiwan Co., Ltd.3.04%$8.6629.24%
7736.TWOHushan3.04%$2.7334.63%
9631.SRHedab Alkhaleej Trading Co.3.04%$0.9315.05%
EMBELL.STEmbellence Group AB (publ)3.04%$1.2345.31%
HBH.DEHORNBACH Holding AG & Co. KGaA3.04%$2.5026.39%
S68.SISingapore Exchange Limited3.04%$0.5244.77%
000563.SZShaanxi International Trust Co.,Ltd.3.03%$0.1037.59%
000651.SZGree Electric Appliances, Inc. of Zhuhai3.03%$1.2221.25%
002588.SZStanley Agriculture Group Co.,Ltd.3.03%$0.3035.63%
2890.TWSinoPac Financial Holdings Company Limited3.03%$0.8747.46%
300146.SZBy-health Co., Ltd.3.03%$0.3688.13%
AN3PJ.AXANZ Group Holdings Limited3.03%$3.1474.08%
SBMA.JKPT Surya Biru Murni Acetylene Tbk3.03%$4.0026.88%
003008.SZXuchang KETOP Testing Research Institute Co.,Ltd3.02%$0.6577.32%
350520.KSIGIS RESIDENCE REIT Co., Ltd.3.02%$115.5129.71%
5249.KLIOI Properties Group Berhad3.02%$0.0826.55%
601609.SSNingbo Jintian Copper(Group) Co., Ltd.3.02%$0.3365.77%
6667.TWOTrusval Technology Co., Ltd.3.02%$8.1265.45%
9202.TANA Holdings Inc.3.02%$89.9231.71%
AXFO.STAxfood AB (publ)3.02%$8.7188.81%
EQTL3.SAEquatorial Energia S.A.3.02%$1.1643.16%
GARAN.ISTurkiye Garanti Bankasi A.S.3.02%$4.5217.50%
IMOImperial Oil Limited3.02%$2.6933.94%
JEN.BRJensen-Group N.V.3.02%$1.7919.29%
002116.SZChina Haisum Engineering Co., Ltd.3.01%$0.3140.43%
007210.KSByucksan Corporation3.01%$52.2417.82%
0QO7.LBarry Callebaut AG3.01%$57.9084.65%
0R8X.LPlazza AG3.01%$12.5035.89%
1837.HKNatural Food International Holding Limited3.01%$0.0322.72%
280360.KSLotte Wellfood Co.,Ltd3.01%$3,368.6447.78%
7236.TT.RAD Co., Ltd.3.01%$247.2925.88%
ARJO-B.STArjo AB (publ)3.01%$0.9559.13%
FAE.MCFaes Farma, S.A.3.01%$0.1638.53%
000582.SZBeibu Gulf Port Co., Ltd.3.00%$0.2861.06%
5227.KLIGB Real Estate Investment Trust3.00%$0.0849.35%
600989.SSNingxia Baofeng Energy Group Co., Ltd.3.00%$0.5939.72%
601058.SSSailun Group Co., Ltd.3.00%$0.4942.76%
9147.TNippon Express Holdings,Inc.3.00%$100.5780.85%
EUROB.ATEurobank Ergasias Services and Holdings S.A.3.00%$0.1128.68%
KLBF.JKPT Kalbe Farma Tbk.3.00%$36.1046.82%
KNOPKNOT Offshore Partners LP3.00%$0.3131.19%
SANT.DEKontron AG3.00%$0.5826.01%
000932.SZHunan Valin Steel Co., Ltd.2.99%$0.1741.58%
002039.SZGuiZhou QianYuan Power Co., Ltd.2.99%$0.5452.04%
028100.KSDong-Ah Geological Engineering Company Ltd.2.99%$509.7141.84%
0R6S.LZehnder Group AG2.99%$2.4466.50%
2658.KLAjinomoto (Malaysia) Bhd2.99%$0.4144.56%
3486.TGlobal Link Management Inc.2.99%$63.6616.66%
4002.SRMouwasat Medical Services Company2.99%$2.0052.94%