Definitive Analysis
Definitive Analysis

Financial Statements

Fundamentals

Valuations

Miscellaneous

Analysis Mode

Search

Northeast Securities Co., Ltd. (000686.SZ)

Company Dividend Discount ModelIndustry: Financial - Capital MarketsSector: Financial Services

Valuation Snapshot

Stable Growth$5.57 - $8.45$6.92
Multi-Stage$12.08 - $13.28$12.66
Blended Fair Value$9.79
Current Price$8.67
Upside12.96%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-28.44%-0.13%0.100.450.470.530.570.540.520.610.220.07
YoY Growth---77.46%-3.34%-10.86%-7.83%4.86%3.87%-14.31%171.97%237.23%-35.54%
Dividend Yield--1.30%6.53%6.91%6.79%6.61%6.56%5.07%7.77%1.88%0.50%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,466.65
(-) Cash Dividends Paid (M)900.65
(=) Cash Retained (M)566.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)293.33183.33110.00
Cash Retained (M)566.00566.00566.00
(-) Cash Required (M)-293.33-183.33-110.00
(=) Excess Retained (M)272.67382.67456.00
(/) Shares Outstanding (M)2,294.072,294.072,294.07
(=) Excess Retained per Share0.120.170.20
LTM Dividend per Share0.390.390.39
(+) Excess Retained per Share0.120.170.20
(=) Adjusted Dividend0.510.560.59
WACC / Discount Rate6.86%6.86%6.86%
Growth Rate-2.13%-1.13%-0.13%
Fair Value$5.57$6.92$8.45
Upside / Downside-35.78%-20.16%-2.54%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,466.651,450.141,433.821,417.691,401.741,385.961,427.54
Payout Ratio61.41%67.13%72.85%78.56%84.28%90.00%92.50%
Projected Dividends (M)900.65973.441,044.471,113.791,181.411,247.371,320.48

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.86%6.86%6.86%
Growth Rate-2.13%-1.13%-0.13%
Year 1 PV (M)901.69910.91920.12
Year 2 PV (M)896.19914.59933.19
Year 3 PV (M)885.22912.64940.61
Year 4 PV (M)869.76905.86943.07
Year 5 PV (M)850.64894.99941.18
PV of Terminal Value (M)23,299.9324,514.7925,779.81
Equity Value (M)27,703.4429,053.7830,457.97
Shares Outstanding (M)2,294.072,294.072,294.07
Fair Value$12.08$12.66$13.28
Upside / Downside39.29%46.08%53.13%

High-Yield Dividend Screener

« Prev Page 6 of 30 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
FFord Motor Company5.53%$0.7463.45%
LCNBLCNB Corp.5.48%$0.8953.03%
PPBIPacific Premier Bancorp, Inc.5.48%$1.3492.42%
VGRVector Group Ltd.5.48%$0.8263.35%
DLXDeluxe Corporation5.43%$1.2166.43%
BAFNBayFirst Financial Corp.5.41%$0.4321.50%
IPGThe Interpublic Group of Companies, Inc.5.41%$1.3388.72%
PEBOPeoples Bancorp Inc.5.39%$1.6256.40%
OKEONEOK, Inc.5.38%$4.0075.29%
BUSEFirst Busey Corporation5.37%$1.2875.92%
OASOasis Petroleum Inc.5.37%$5.8765.40%
EIXEdison International5.36%$3.2639.45%
0R1X.LGeneral Mills, Inc.5.35%$2.4545.62%
FIBKFirst Interstate BancSystem, Inc.5.35%$1.8979.54%
FNCBFNCB Bancorp, Inc.5.33%$0.3651.41%
DHILDiamond Hill Investment Group, Inc.5.31%$9.0552.46%
SLRCSLR Investment Corp.5.31%$0.8249.67%
EPSNEpsilon Energy Ltd.5.30%$0.2491.92%
UVVUniversal Corporation5.28%$2.7862.64%
FLICThe First of Long Island Corporation5.27%$0.6386.64%
AUBAtlantic Union Bankshares Corporation5.22%$1.8576.04%
SAFESafehold Inc.5.20%$0.7145.17%
GAB-PGThe Gabelli Equity Trust Inc. PFD-G5.19%$1.0881.70%
HPQHP Inc.5.19%$1.1543.02%
SOISolaris Oilfield Infrastructure, Inc.5.18%$0.7025.64%
MBINOMerchants Bancorp5.17%$1.2924.09%
0JXQ.LMain Street Capital Corporation5.13%$3.1752.63%
EMNEastman Chemical Company5.12%$3.2954.36%
EMBCEmbecta Corp.5.10%$0.5936.96%
AMAntero Midstream Corporation5.09%$0.9193.18%
CZNCCitizens & Northern Corporation5.09%$1.0257.64%
FMNBFarmers National Banc Corp.5.09%$0.6846.83%
0J66.LHost Hotels & Resorts, Inc.5.08%$0.9084.69%
GLPIGaming and Leisure Properties, Inc.5.07%$2.2582.42%
PFISPeoples Financial Services Corp.5.07%$2.4446.22%
TBBAT&T Inc. 5.35% GLB NTS 665.07%$1.1436.88%
KFRCKforce Inc.5.02%$1.5768.10%
TTPTortoise Pipeline & Energy Fund, Inc.5.02%$2.3920.11%
STAR-PGiStar Inc.4.94%$1.2434.23%
PFSProvident Financial Services, Inc.4.93%$0.9761.13%
UBFOUnited Security Bancshares4.92%$0.4873.45%
DDTDillards Capital Trust I CAP SECS 7.5%4.90%$1.293.46%
SGUStar Group, L.P.4.89%$0.5836.90%
AGRAvangrid, Inc.4.88%$1.7660.70%
KMBKimberly-Clark Corporation4.88%$4.9583.80%
OCFCOceanFirst Financial Corp.4.86%$0.8761.98%
0I0J.LThe Clorox Company4.85%$4.8976.11%
FNLCThe First Bancorp, Inc.4.83%$1.2845.40%
RILYZB. Riley Financial, Inc. 5.25% Senior Notes due 20284.83%$0.5856.91%
BSETBassett Furniture Industries, Incorporated4.82%$0.8089.43%