Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker / Industry / Sector

John Hancock Financial Opportunities Fund (BTO)

Company Dividend Discount ModelIndustry: Asset ManagementSector: Financial Services

Valuation Snapshot

Stable Growth$166.30 - $272.23$213.56
Multi-Stage$205.27 - $224.84$214.87
Blended Fair Value$214.21
Current Price$35.42
Upside504.78%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS3.79%8.30%2.472.442.271.971.992.051.551.331.311.96
YoY Growth--0.98%7.70%14.99%-0.89%-2.84%32.30%16.20%1.76%-33.16%76.28%
Dividend Yield--6.92%8.13%6.81%4.24%6.56%5.65%5.55%3.44%3.61%6.99%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)288.11
(-) Cash Dividends Paid (M)85.61
(=) Cash Retained (M)202.49
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)57.6236.0121.61
Cash Retained (M)202.49202.49202.49
(-) Cash Required (M)-57.62-36.01-21.61
(=) Excess Retained (M)144.87166.48180.89
(/) Shares Outstanding (M)19.7419.7419.74
(=) Excess Retained per Share7.348.449.17
LTM Dividend per Share4.344.344.34
(+) Excess Retained per Share7.348.449.17
(=) Adjusted Dividend11.6812.7713.50
WACC / Discount Rate8.94%8.94%8.94%
Growth Rate1.79%2.79%3.79%
Fair Value$166.30$213.56$272.23
Upside / Downside369.52%502.93%668.59%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)288.11296.14304.40312.89321.62330.59340.51
Payout Ratio29.72%41.77%53.83%65.89%77.94%90.00%92.50%
Projected Dividends (M)85.61123.71163.86206.15250.68297.53314.97

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.94%8.94%8.94%
Growth Rate1.79%2.79%3.79%
Year 1 PV (M)112.45113.56114.66
Year 2 PV (M)135.40138.07140.77
Year 3 PV (M)154.85159.46164.16
Year 4 PV (M)171.17178.00185.02
Year 5 PV (M)184.68193.93203.55
PV of Terminal Value (M)3,292.593,457.533,629.02
Equity Value (M)4,051.144,240.554,437.19
Shares Outstanding (M)19.7419.7419.74
Fair Value$205.27$214.87$224.84
Upside / Downside479.54%506.64%534.77%

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%