Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Yuen Chang Stainless Steel Co., Ltd. (2069.TW)

Company Dividend Discount ModelIndustry: SteelSector: Basic Materials

Valuation Snapshot

Stable Growth$22.05 - $39.68$29.43
Multi-Stage$39.74 - $43.62$41.64
Blended Fair Value$35.54
Current Price$14.90
Upside138.49%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-26.62%0.00%0.500.992.190.510.462.361.321.330.440.52
YoY Growth---49.59%-54.55%325.80%10.97%-80.35%77.99%-0.11%200.14%-15.04%0.00%
Dividend Yield--2.87%6.24%10.86%1.48%2.75%16.90%5.05%5.57%1.57%2.93%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)263.81
(-) Cash Dividends Paid (M)191.34
(=) Cash Retained (M)72.47
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)52.7632.9819.79
Cash Retained (M)72.4772.4772.47
(-) Cash Required (M)-52.76-32.98-19.79
(=) Excess Retained (M)19.7139.4952.68
(/) Shares Outstanding (M)165.92165.92165.92
(=) Excess Retained per Share0.120.240.32
LTM Dividend per Share1.151.151.15
(+) Excess Retained per Share0.120.240.32
(=) Adjusted Dividend1.271.391.47
WACC / Discount Rate6.35%6.35%6.35%
Growth Rate0.55%1.55%2.55%
Fair Value$22.05$29.43$39.68
Upside / Downside47.98%97.51%166.33%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)263.81267.90272.04276.26280.53284.88293.42
Payout Ratio72.53%76.02%79.52%83.01%86.51%90.00%92.50%
Projected Dividends (M)191.34203.67216.33229.33242.68256.39271.42

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.35%6.35%6.35%
Growth Rate0.55%1.55%2.55%
Year 1 PV (M)189.62191.51193.39
Year 2 PV (M)187.52191.27195.05
Year 3 PV (M)185.08190.66196.35
Year 4 PV (M)182.35189.71197.30
Year 5 PV (M)179.37188.47197.93
PV of Terminal Value (M)5,669.865,957.476,256.64
Equity Value (M)6,593.806,909.087,236.66
Shares Outstanding (M)165.92165.92165.92
Fair Value$39.74$41.64$43.62
Upside / Downside166.72%179.47%192.72%

High-Yield Dividend Screener

« Prev Page 57 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
600559.SSHebei Hengshui Laobaigan Liquor Co., Ltd.2.78%$0.4564.37%
600905.SSChina Three Gorges Renewables (Group) Co.,Ltd.2.78%$0.1161.03%
9301.TMitsubishi Logistics Corporation2.78%$33.2924.28%
PMJS.JKPT Putra Mandiri Jembar Tbk2.78%$3.2046.17%
001500.KSHyundai Motor Securities Co., Ltd.2.77%$219.2027.59%
002673.SZWestern Securities Co., Ltd.2.77%$0.2250.84%
016580.KSWhan In Pharm Co.,Ltd.2.77%$300.2927.91%
3407.TAsahi Kasei Corporation2.77%$38.4137.00%
603529.SSAIMA Technology Group Co. Ltd.2.77%$0.8233.96%
6712.TWOEver Supreme Bio Technology Co., Ltd2.77%$4.6578.29%
ALGLD.PAGold By Gold S.A.2.77%$0.0953.50%
FRAGUAB.MXCorporativo Fragua, S.A.B. de C.V.2.77%$15.0830.80%
GSY.TOgoeasy Ltd.2.77%$3.6526.22%
PLAZ-B.STPlatzer Fastigheter Holding AB (publ)2.77%$2.0534.89%
002422.SZSichuan Kelun Pharmaceutical Co., Ltd.2.76%$0.8177.67%
002608.SZJiangsu Guoxin Corp. Ltd.2.76%$0.2021.73%
0ABJ.LAlleima AB (publ)2.76%$2.2958.73%
0QML.LBVZ Holding AG2.76%$34.0014.12%
0RH9.LNordic Waterproofing Holding AB (publ)2.76%$5.0370.88%
300428.SZLizhong Sitong Light Alloys Group Co., Ltd.2.76%$0.6452.10%
5076.TINFRONEER Holdings Inc.2.76%$58.9934.86%
603866.SSToly Bread Co.,Ltd.2.76%$0.1560.39%
000030.SZFAWER Automotive Parts Limited Company2.75%$0.1640.40%
002216.SZSanquan Food Co., Ltd.2.75%$0.3150.18%
002658.SZBeijing SDL Technology Co.,Ltd.2.75%$0.2575.22%
017900.KSAUK Corp.2.75%$49.6364.11%
035150.KSBAIKSAN Co,. Ltd2.75%$355.8316.51%
4031.SRSaudi Ground Services Company2.75%$1.0047.84%
5880.TWTaiwan Cooperative Financial Holding Co., Ltd.2.75%$0.6754.40%
601006.SSDaqin Railway Co., Ltd.2.75%$0.1442.92%
6098.HKCountry Garden Services Holdings Company Limited2.75%$0.1774.92%
688408.SSArctech Solar Holding Co., Ltd.2.75%$1.1677.11%
7981.TTakara Standard Co.,Ltd.2.75%$80.2137.23%
BMA.BABanco Macro S.A.2.75%$382.2958.85%
BN4.SIKeppel Corporation Limited2.75%$0.2975.31%
XRF.AXXRF Scientific Limited2.75%$0.0642.12%
002034.SZWangneng Environment Co., Ltd.2.74%$0.4434.20%
002170.KSSamyang Tongsang Co., Ltd2.74%$1,511.7730.07%
002936.SZBank of Zhengzhou Co., Ltd.2.74%$0.0525.12%
F17.SIGuocoLand Limited2.74%$0.0648.52%
IZS.WAIzostal S.A.2.74%$0.0921.81%
MAJOR-R.BKMajor Cineplex Group Public Company Limited2.74%$0.1928.63%
4704.TTrend Micro Incorporated2.73%$177.4367.34%
600826.SSDlg Exhibitions & Events Corporation Limited2.73%$0.2972.85%
600976.SSJianmin Pharmaceutical Group Co.,Ltd.2.73%$0.9243.09%
601728.SSChina Telecom Corporation Limited2.73%$0.1743.22%
7036.TeMnet Japan.co.ltd.2.73%$31.7695.99%
BYMA.BABolsas y Mercados Argentinos S.A.2.73%$8.2440.37%
CRIV3.SAFinanceira Alfa S.A. - Crédito, Financiamento e Investimentos2.73%$0.1998.46%
PND.FMowi ASA2.73%$0.5773.97%