Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Focus Lightings Tech Co., Ltd. (300708.SZ)

Company Dividend Discount ModelIndustry: Electrical Equipment & PartsSector: Industrials

Valuation Snapshot

Stable Growth$7.30 - $19.96$11.27
Multi-Stage$5.10 - $5.56$5.32
Blended Fair Value$8.29
Current Price$8.99
Upside-7.73%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS12.92%21.14%0.150.050.050.050.100.080.070.030.020.02
YoY Growth--221.36%-2.91%-0.56%-52.36%24.23%14.78%174.65%12.87%34.08%-22.34%
Dividend Yield--1.30%0.51%0.46%0.36%0.92%1.21%1.00%0.17%1.04%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)209.04
(-) Cash Dividends Paid (M)102.95
(=) Cash Retained (M)106.09
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)41.8126.1315.68
Cash Retained (M)106.09106.09106.09
(-) Cash Required (M)-41.81-26.13-15.68
(=) Excess Retained (M)64.2879.9690.41
(/) Shares Outstanding (M)687.64687.64687.64
(=) Excess Retained per Share0.090.120.13
LTM Dividend per Share0.150.150.15
(+) Excess Retained per Share0.090.120.13
(=) Adjusted Dividend0.240.270.28
WACC / Discount Rate9.01%9.01%9.01%
Growth Rate5.50%6.50%7.50%
Fair Value$7.30$11.27$19.96
Upside / Downside-18.80%25.31%121.98%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)209.04222.63237.10252.51268.92286.40295.00
Payout Ratio49.25%57.40%65.55%73.70%81.85%90.00%92.50%
Projected Dividends (M)102.95127.79155.42186.10220.11257.76272.87

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.01%9.01%9.01%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)116.12117.22118.32
Year 2 PV (M)128.33130.78133.24
Year 3 PV (M)139.64143.64147.73
Year 4 PV (M)150.08155.85161.79
Year 5 PV (M)159.70167.42175.42
PV of Terminal Value (M)2,810.802,946.563,087.52
Equity Value (M)3,504.673,661.473,824.02
Shares Outstanding (M)687.64687.64687.64
Fair Value$5.10$5.32$5.56
Upside / Downside-43.31%-40.77%-38.14%

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%