Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Company Industry Sector

Periods / Units / Analysis

Fundamentals

Margins Returns Growth Rates Metrics/Ratios

Valuations

Projections DCF DDM EPV Multiples Valuations

Mode

Company Industry Sector

Miscellaneous

Indicators Charts WACC Beta Predictability

Ticker

Industry

Sector

China Merchants Bank Co., Ltd. (600036.SS)

Company Dividend Discount ModelIndustry: Banks - RegionalSector: Financial Services

Valuation Snapshot

Stable Growth$323.87 - $1,171.04$1,026.67
Multi-Stage$148.92 - $162.90$155.78
Blended Fair Value$591.23
Current Price$45.95
Upside1,186.67%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS16.86%13.47%2.191.921.731.411.271.010.910.740.690.67
YoY Growth--14.31%10.93%23.02%10.51%26.44%11.09%22.40%7.25%2.99%8.06%
Dividend Yield--5.06%5.88%5.04%3.00%2.49%3.12%2.66%2.54%3.59%4.16%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)148,578.00
(-) Cash Dividends Paid (M)58,000.00
(=) Cash Retained (M)90,578.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)29,715.6018,572.2511,143.35
Cash Retained (M)90,578.0090,578.0090,578.00
(-) Cash Required (M)-29,715.60-18,572.25-11,143.35
(=) Excess Retained (M)60,862.4072,005.7579,434.65
(/) Shares Outstanding (M)25,232.7125,232.7125,232.71
(=) Excess Retained per Share2.412.853.15
LTM Dividend per Share2.302.302.30
(+) Excess Retained per Share2.412.853.15
(=) Adjusted Dividend4.715.155.45
WACC / Discount Rate7.03%7.03%7.03%
Growth Rate5.50%6.50%7.50%
Fair Value$323.87$1,026.67$1,171.04
Upside / Downside604.84%2,134.33%2,448.50%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)148,578.00158,235.57168,520.88179,474.74191,140.60203,564.74209,671.68
Payout Ratio39.04%49.23%59.42%69.61%79.81%90.00%92.50%
Projected Dividends (M)58,000.0077,898.40100,138.55124,940.79152,544.24183,208.26193,946.30

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.03%7.03%7.03%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)72,095.4472,778.8173,462.17
Year 2 PV (M)85,774.8087,408.5789,057.76
Year 3 PV (M)99,047.14101,890.42104,787.61
Year 4 PV (M)111,921.29116,225.47120,652.61
Year 5 PV (M)124,405.96130,414.81136,653.64
PV of Terminal Value (M)3,264,315.103,421,982.743,585,684.69
Equity Value (M)3,757,559.733,930,700.824,110,298.48
Shares Outstanding (M)25,232.7125,232.7125,232.71
Fair Value$148.92$155.78$162.90
Upside / Downside224.08%239.02%254.51%

High-Yield Dividend Screener

« Prev Page 55 of 151 Next »
Ticker ⇵ Company ⇵ Dividend Yield % ▼ Dividend Per Share ⇵ Payout Ratio % ⇵
AUAngloGold Ashanti Plc2.92%$2.5056.24%
000529.SZGuangdong Guanghong Holdings Co.,Ltd.2.91%$0.1898.46%
0383.HKTian An Medicare Limited2.91%$0.0360.45%
105560.KSKB Financial Group Inc.2.91%$3,590.2922.69%
3899.HKCIMC Enric Holdings Limited2.91%$0.2825.59%
BIMAS.ISBIM Birlesik Magazalar A.S.2.91%$15.7864.92%
000951.SZSinotruk Jinan Truck Co., Ltd.2.90%$0.4935.94%
002541.SZAnhui Honglu Steel Construction(Group) Co. Ltd.2.90%$0.4853.40%
060720.KQKHVATEC Co.,Ltd.2.90%$330.7846.02%
0950.HKLee's Pharmaceutical Holdings Limited2.90%$0.0527.09%
0QLK.LHypothekarbank Lenzburg AG2.90%$115.2519.90%
0RMP.LBanque Cantonale de Genève S.A.2.90%$0.7111.87%
600167.SSLuenmei Quantum Co.,Ltd2.90%$0.2065.26%
IBAB.BRIon Beam Applications S.A.2.90%$0.3844.34%
METCO.BKMuramoto Electron (Thailand) Public Company Limited2.90%$8.0015.20%
002852.SZDaodaoquan Grain and Oil Co.,Ltd.2.89%$0.3037.22%
005680.KSSamyoung Electronics Co., Ltd2.89%$300.7749.07%
600526.SSZhejiang Feida Environmental Science & Technology Co., Ltd.2.89%$0.1548.23%
601377.SSIndustrial Securities Co.,Ltd.2.89%$0.2155.11%
688697.SSNeway CNC Equipment (Suzhou) Co., Ltd.2.89%$0.4466.80%
7738.TWOEui2.89%$5.5039.18%
AMXB.MXAmérica Móvil, S.A.B. de C.V.2.89%$0.5443.68%
OMASP.HEOma Säästöpankki Oyj2.89%$0.3625.24%
001200.KSEugene Investment & Securities Co.,Ltd.2.88%$99.9214.37%
002310.KSAsia Paper Manufacturing.Co.,Ltd2.88%$224.2442.56%
3357.TWOTAI-TECH Advanced Electronics Co., Ltd.2.88%$4.6148.95%
600496.SSChangjiang & Jinggong Steel Building (Group) Co., Ltd2.88%$0.1242.56%
603043.SSGuangzhou Restaurant Group Company Limited2.88%$0.5157.82%
PAXPatria Investments Limited2.88%$0.4666.16%
000528.SZGuangxi Liugong Machinery Co., Ltd.2.87%$0.3451.00%
2233.HKWest China Cement Limited2.87%$0.0938.77%
600660.SSFuyao Glass Industry Group Co., Ltd.2.87%$1.8653.34%
603579.SSShanghai Rongtai Health Technology Corporation Limited2.87%$0.6877.63%
EIF.TOExchange Income Corporation2.87%$2.3593.13%
000403.SZPacific Shuanglin Bio-pharmacy Co., Ltd.2.86%$0.3966.45%
002637.SZZanyu Technology Group Co., Ltd.2.86%$0.2980.65%
008260.KSNi Steel Co.,Ltd2.86%$99.9615.43%
0434.HKBoyaa Interactive International Limited2.86%$0.108.21%
0839.HKChina Education Group Holdings Limited2.86%$0.0977.39%
2949.TWOH.H.Galaxy Co., Ltd.2.86%$1.9353.15%
600480.SSLing Yun Industrial Corporation Limited2.86%$0.3556.75%
603373.SSAnbang Save-Guard Group Co.,Ltd.2.86%$1.0990.20%
603380.SSSuzhou Etron Technologies Co.,Ltd.2.86%$1.0977.96%
C09.SICity Developments Limited2.86%$0.2317.08%
0IKK.LDigia Oyj2.85%$0.1939.95%
4432.TWingArc1st Inc.2.85%$103.6268.51%
603998.SSHunan Fangsheng Pharmaceutical Co., Ltd.2.85%$0.3247.62%
FAGR.BRFagron N.V.2.85%$0.6227.65%
SKR.BKSikarin Public Company Limited2.85%$0.2061.04%
TPX-B.TOMolson Coors Canada Inc.2.85%$1.8635.97%