Definitive Analysis
Definitive Analysis

Financial Statements

Fundamentals

Valuations

Miscellaneous

Analysis Mode

Full Access

See Pricing Start Trial

nForce Secure Public Company Limited (SECURE.BK)

Company Dividend Discount ModelIndustry: Software - InfrastructureSector: Technology

Valuation Snapshot

Stable Growth$10.66 - $15.87$13.15
Multi-Stage$20.39 - $22.40$21.37
Blended Fair Value$17.26
Current Price$12.90
Upside33.80%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR202420232022202120202019201820172016
DPS0.03%0.00%0.650.300.180.350.560.650.620.000.000.00
YoY Growth--116.67%66.67%-49.22%-36.55%-13.91%3.95%0.00%0.00%0.00%0.00%
Dividend Yield--5.70%2.14%1.12%1.24%3.49%4.06%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)134.85
(-) Cash Dividends Paid (M)71.92
(=) Cash Retained (M)62.93
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)26.9716.8610.11
Cash Retained (M)62.9362.9362.93
(-) Cash Required (M)-26.97-16.86-10.11
(=) Excess Retained (M)35.9646.0852.82
(/) Shares Outstanding (M)102.74102.74102.74
(=) Excess Retained per Share0.350.450.51
LTM Dividend per Share0.700.700.70
(+) Excess Retained per Share0.350.450.51
(=) Adjusted Dividend1.051.151.21
WACC / Discount Rate7.68%7.68%7.68%
Growth Rate-1.97%-0.97%0.03%
Fair Value$10.66$13.15$15.87
Upside / Downside-17.33%1.90%23.04%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)134.85133.54132.25130.97129.70128.45132.30
Payout Ratio53.33%60.66%68.00%75.33%82.67%90.00%92.50%
Projected Dividends (M)71.9281.0189.9398.66107.22115.60122.38

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.68%7.68%7.68%
Growth Rate-1.97%-0.97%0.03%
Year 1 PV (M)74.4775.2375.99
Year 2 PV (M)75.9977.5579.13
Year 3 PV (M)76.6479.0181.43
Year 4 PV (M)76.5779.7483.01
Year 5 PV (M)75.8979.8483.95
PV of Terminal Value (M)1,715.311,804.601,897.57
Equity Value (M)2,094.882,195.982,301.08
Shares Outstanding (M)102.74102.74102.74
Fair Value$20.39$21.37$22.40
Upside / Downside58.06%65.69%73.62%

High-Yield Dividend Screener

« Prev Page 6 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
RIVER.OLRiver Tech p.l.c.10.78%$0.4364.39%
RZSB.MEJoint-Stock Company Ryazanenergosbyt10.78%$3.7168.15%
1193.HKChina Resources Gas Group Limited10.77%$2.3064.05%
601166.SSIndustrial Bank Co., Ltd.10.76%$2.2762.03%
7757.TWOLebledor F&B Co., Ltd.10.76%$12.4863.66%
KYLO.ATLoulis Food Ingredients S.A.10.71%$0.4088.89%
0220.HKUni-President China Holdings Ltd10.69%$0.8694.83%
9919.HKActivation Group Holdings Limited10.69%$0.1146.94%
1358.HKPW Medtech Group Limited10.66%$0.1468.89%
1809.HKPrinx Chengshan Holdings Limited10.66%$0.8521.37%
LCS.TOBrompton Lifeco Split Corp.10.66%$1.1817.54%
KSC.AXK&S Corporation Limited10.64%$0.3577.01%
2146.HKRoiserv Lifestyle Services Co., Ltd.10.62%$0.1524.06%
ALUP11.SAAlupar Investimento S.A.10.60%$3.3996.11%
2886.HKBinhai Investment Company Limited10.58%$0.1236.55%
601916.SSChina Zheshang Bank Co., Ltd10.58%$0.3263.30%
3877.HKCSSC (Hong Kong) Shipping Company Limited10.55%$0.2234.11%
2387.TWSunrex Technology Corporation10.53%$4.0579.22%
EMAAR.AEEmaar Properties PJSC10.52%$1.4986.86%
L-PB.TOLoblaw Companies Limited10.50%$2.6231.91%
0315.HKSmarTone Telecommunications Holdings Limited10.48%$0.5057.53%
TGHN.DELogwin AG10.47%$26.8057.77%
BJBR.JKPT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk10.46%$85.2589.95%
MASTER.BKMaster Style Public Company Limited10.45%$0.7865.02%
0QQM.LIVF Hartmann Holding AG10.44%$14.5194.28%
VCOM.BKVintcom Technology Public Company Limited10.44%$0.3185.35%
ANI.BKAsia Network International Public Company Limited10.43%$0.3194.26%
LPSB3.SALPS Brasil - Consultoria de Imóveis S.A.10.43%$0.1783.48%
0842.HKLeoch International Technology Limited10.40%$0.2231.41%
1600.HKTian Lun Gas Holdings Limited10.40%$0.3345.16%
2111.HKBest Pacific International Holdings Limited10.40%$0.3437.60%
OTL.OLOdfjell Technology Ltd.10.40%$5.9771.20%
RCO.PARémy Cointreau S.A.10.38%$3.7763.28%
1979.HKTen Pao Group Holdings Limited10.37%$0.2329.45%
6938.TWONewebinfo10.34%$8.3570.00%
0032.HKThe Cross-Harbour (Holdings) Limited10.33%$0.8429.78%
TPBI.BKTPBI Public Company Limited10.33%$0.3061.20%
ALFLE.PAFleury Michon S.A.10.32%$2.6016.71%
0916.HKChina Longyuan Power Group Corporation Limited10.31%$0.7098.82%
KUBE.MERosseti Kuban PJSC10.31%$14.6288.00%
BAZA3.SABanco da Amazônia S.A.10.29%$8.0041.79%
0QON.LAscom Holding AG10.28%$0.3979.12%
NPR.AXNewmark Property REIT10.28%$0.1565.75%
FMG.AXFortescue Ltd10.26%$2.2776.64%
GAGS.VIGurktaler AG10.26%$1.5999.02%
1525.HKShanghai Gench Education Group Limited10.25%$0.2722.33%
LHHOTEL.BKLH Hotel Leasehold Real Estate Investment Trust10.25%$1.3358.58%
WAX.AXWAM Research Limited10.25%$0.1210.33%
0006.HKPower Assets Holdings Limited10.23%$5.6498.48%
151860.KQKG Eco Solution Co.,Ltd.10.21%$561.5130.85%