Definitive Analysis | Institutional-Grade Financial Research
Definitive Analysis
Get Full Access
See Pricing Start Free Trial

Shaanxi Provincial Natural Gas Co.,Ltd (002267.SZ)

Company Dividend Discount ModelIndustry: Oil & Gas MidstreamSector: Energy

Valuation Snapshot

Stable Growth$25.33 - $120.58$55.39
Multi-Stage$14.44 - $15.76$15.09
Blended Fair Value$35.24
Current Price$8.12
Upside334.00%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS37.18%13.48%0.490.300.600.200.200.100.300.150.200.15
YoY Growth--61.92%-50.00%200.00%0.00%100.00%-66.67%100.00%-25.00%33.33%9.37%
Dividend Yield--6.00%4.57%8.28%3.18%3.03%1.72%3.47%2.16%2.13%1.45%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)674.94
(-) Cash Dividends Paid (M)576.27
(=) Cash Retained (M)98.67
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)134.9984.3750.62
Cash Retained (M)98.6798.6798.67
(-) Cash Required (M)-134.99-84.37-50.62
(=) Excess Retained (M)-36.3214.3048.05
(/) Shares Outstanding (M)1,112.131,112.131,112.13
(=) Excess Retained per Share-0.030.010.04
LTM Dividend per Share0.520.520.52
(+) Excess Retained per Share-0.030.010.04
(=) Adjusted Dividend0.490.530.56
WACC / Discount Rate7.41%7.41%7.41%
Growth Rate5.39%6.39%7.39%
Fair Value$25.33$55.39$120.58
Upside / Downside211.97%582.18%1,384.92%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)674.94718.10764.01812.86864.84920.13947.74
Payout Ratio85.38%86.31%87.23%88.15%89.08%90.00%92.50%
Projected Dividends (M)576.27619.75666.44716.56770.36828.12876.66

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.41%7.41%7.41%
Growth Rate5.39%6.39%7.39%
Year 1 PV (M)571.56576.98582.40
Year 2 PV (M)566.81577.62588.53
Year 3 PV (M)562.04578.19594.65
Year 4 PV (M)557.25578.70600.77
Year 5 PV (M)552.44579.15606.88
PV of Terminal Value (M)13,249.6813,890.3014,555.46
Equity Value (M)16,059.7716,780.9417,528.69
Shares Outstanding (M)1,112.131,112.131,112.13
Fair Value$14.44$15.09$15.76
Upside / Downside77.84%85.82%94.10%

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%