Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Chengdu Rainbow Appliance (Group) Shares Co., Ltd. (003023.SZ)

Company Dividend Discount ModelIndustry: Household & Personal ProductsSector: Consumer Defensive

Valuation Snapshot

Stable Growth$8.55 - $13.77$10.90
Multi-Stage$9.77 - $10.67$10.21
Blended Fair Value$10.56
Current Price$22.20
Upside-52.45%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR202420232022202120202019201820172016
DPS5.22%0.00%0.400.350.310.310.220.310.280.270.310.00
YoY Growth--14.87%12.77%-1.21%40.73%-28.39%9.83%5.37%-13.61%0.00%0.00%
Dividend Yield--2.24%2.14%1.50%1.65%0.94%1.18%1.07%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)81.84
(-) Cash Dividends Paid (M)42.43
(=) Cash Retained (M)39.41
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)16.3710.236.14
Cash Retained (M)39.4139.4139.41
(-) Cash Required (M)-16.37-10.23-6.14
(=) Excess Retained (M)23.0429.1833.27
(/) Shares Outstanding (M)105.33105.33105.33
(=) Excess Retained per Share0.220.280.32
LTM Dividend per Share0.400.400.40
(+) Excess Retained per Share0.220.280.32
(=) Adjusted Dividend0.620.680.72
WACC / Discount Rate10.00%10.00%10.00%
Growth Rate2.54%3.54%4.54%
Fair Value$8.55$10.90$13.77
Upside / Downside-61.50%-50.90%-37.99%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)81.8484.7487.7590.8694.0897.41100.33
Payout Ratio51.85%59.48%67.11%74.74%82.37%90.00%92.50%
Projected Dividends (M)42.4350.4058.8867.9077.4987.6792.81

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate10.00%10.00%10.00%
Growth Rate2.54%3.54%4.54%
Year 1 PV (M)45.3845.8246.26
Year 2 PV (M)47.7348.6649.61
Year 3 PV (M)49.5551.0152.51
Year 4 PV (M)50.9152.9255.00
Year 5 PV (M)51.8554.4357.11
PV of Terminal Value (M)783.93822.91863.42
Equity Value (M)1,029.351,075.761,123.91
Shares Outstanding (M)105.33105.33105.33
Fair Value$9.77$10.21$10.67
Upside / Downside-55.98%-54.00%-51.94%

High-Yield Dividend Screener

« Prev Page 58 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
000597.SZNortheast Pharmaceutical Group Co., Ltd.2.72%$0.1454.16%
002282.SZBosun Co., Ltd.2.72%$0.2057.69%
005300.KSLotte Chilsung Beverage Co., Ltd.2.72%$3,646.4052.67%
3019.TWAsia Optical Co., Inc.2.72%$3.9158.36%
5469.TWHannStar Board Corporation2.72%$2.5238.49%
5493.TWOSanlien Technology Corp.2.72%$2.4757.58%
605001.SSQingdao Victall Railway Co., Ltd.2.72%$0.2176.35%
6727.TWacom Co., Ltd.2.72%$22.0470.93%
BEM-R.BKBangkok Expressway and Metro Public Company Limited2.72%$0.1559.21%
BTEBaytex Energy Corp.2.72%$0.0932.39%
CLA-B.STCloetta AB (publ)2.72%$1.1043.72%
EVEN3.SAEven Construtora e Incorporadora S.A.2.72%$0.2044.47%
SNZ.AXSummerset Group Holdings Limited2.72%$0.298.91%
001270.KSBOOKOOK Securities Co., Ltd.2.71%$1,510.8429.90%
033100.KQCheryong Electric Co.,Ltd.2.71%$1,000.1526.62%
0RAR.LStratec SE2.71%$0.6049.62%
2706.TWFirst Hotel Company Ltd.2.71%$0.3560.83%
2734.TSALA Corporation2.71%$30.7339.50%
4051.SRBaazeem Trading Company2.71%$0.1874.35%
601002.SSGem-Year Industrial Co.,Ltd.2.71%$0.1462.84%
601326.SSQinhuangdao Port Co., Ltd.2.71%$0.0932.66%
7224.TShinMaywa Industries, Ltd.2.71%$51.9640.11%
AN3PG.AXAustralia and New Zealand Banking Group Ltd2.71%$2.7663.53%
002478.SZJiangsu Changbao Steeltube Co.,Ltd2.70%$0.2332.58%
0QMS.Ldormakaba Holding AG2.70%$1.7452.32%
0R9D.LAeroporto Guglielmo Marconi di Bologna S.p.A.2.70%$0.2839.70%
2739.TWMy Humble House Hospitality Management Consulting Co., Ltd.2.70%$0.9758.64%
300140.SZCECEP Environmental Protection Equipment Co.,Ltd.2.70%$0.1868.84%
4142.SRRiyadh Cables Group Company2.70%$3.5049.02%
603100.SSChongqing Chuanyi Automation Co., Ltd.2.70%$0.6242.77%
603871.SSJiayou International Logistics Co.,Ltd2.70%$0.3848.36%
605028.SSNingbo Shimao Energy Co.,Ltd2.70%$0.8077.70%
6705.TWOMARTAS Precision Slide Co.,Ltd2.70%$1.8441.49%
688571.SSHangzhou Toka Ink Co., Ltd.2.70%$0.2073.79%
8390.TWOJiin Yeeh Ding Enterprises Corp.2.70%$2.4940.37%
8936.TWOKuo Toong International Co., Ltd.2.70%$1.4843.88%
CMRY.JKPT Cisarua Mountain Dairy Tbk2.70%$150.0160.59%
CRJ.WACreepy Jar S.A.2.70%$10.9346.34%
DHG.AXDomain Holdings Australia Limited2.70%$0.1284.16%
SYNSAM.STSynsam AB (publ)2.70%$1.8063.88%
300481.SZPuyang Huicheng Electronic Material Co., Ltd.2.69%$0.4280.91%
3069.KLMega First Corporation Berhad2.69%$0.0920.68%
3147.TWOJetwell Computer Co., Ltd.2.69%$4.4637.85%
4023.TKureha Corporation2.69%$109.8152.33%
600888.SSXinjiang Joinworld Co.,Ltd.2.69%$0.2247.19%
601139.SSShenzhen Gas Corporation Ltd.2.69%$0.1841.90%
6462.TRiken Corporation2.69%$100.2521.01%
8261.TWAdvanced Power Electronics Co., Ltd.2.69%$2.4949.60%
GPG.STGenova Property Group AB (publ)2.69%$1.0719.48%
QB7.DEQuirin Privatbank AG2.69%$0.0918.14%