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

San Fang Chemical Industry Co., Ltd. (1307.TW)

Company Dividend Discount ModelIndustry: Apparel - ManufacturersSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$34.97 - $58.69$45.37
Multi-Stage$72.18 - $79.22$75.63
Blended Fair Value$60.50
Current Price$30.15
Upside100.68%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS24.57%1.59%1.490.800.500.500.800.501.692.191.641.50
YoY Growth--87.50%60.00%0.00%-37.50%60.00%-70.59%-22.73%33.29%9.44%17.71%
Dividend Yield--3.40%2.71%2.38%2.47%3.70%2.91%7.38%6.72%4.36%3.94%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,179.03
(-) Cash Dividends Paid (M)1,074.11
(=) Cash Retained (M)104.92
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)235.81147.3888.43
Cash Retained (M)104.92104.92104.92
(-) Cash Required (M)-235.81-147.38-88.43
(=) Excess Retained (M)-130.89-42.4616.49
(/) Shares Outstanding (M)399.16399.16399.16
(=) Excess Retained per Share-0.33-0.110.04
LTM Dividend per Share2.692.692.69
(+) Excess Retained per Share-0.33-0.110.04
(=) Adjusted Dividend2.362.582.73
WACC / Discount Rate6.32%6.32%6.32%
Growth Rate-0.41%0.59%1.59%
Fair Value$34.97$45.37$58.69
Upside / Downside15.99%50.50%94.65%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,179.031,185.971,192.961,199.991,207.061,214.171,250.60
Payout Ratio91.10%90.88%90.66%90.44%90.22%90.00%92.50%
Projected Dividends (M)1,074.111,077.831,081.551,085.281,089.011,092.761,156.80

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.32%6.32%6.32%
Growth Rate-0.41%0.59%1.59%
Year 1 PV (M)1,003.691,013.771,023.85
Year 2 PV (M)937.88956.81975.93
Year 3 PV (M)876.39903.05930.25
Year 4 PV (M)818.91852.31886.71
Year 5 PV (M)765.21804.41845.19
PV of Terminal Value (M)24,409.1725,659.5226,960.59
Equity Value (M)28,811.2530,189.8631,622.52
Shares Outstanding (M)399.16399.16399.16
Fair Value$72.18$75.63$79.22
Upside / Downside139.40%150.85%162.76%

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%