Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Hangzhou Cogeneration Group Co., Ltd. (605011.SS)

Company Dividend Discount ModelIndustry: Renewable UtilitiesSector: Utilities

Valuation Snapshot

Stable Growth$3.90 - $5.86$4.83
Multi-Stage$7.70 - $8.47$8.08
Blended Fair Value$6.45
Current Price$21.56
Upside-70.07%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR202420232022202120202019201820172016
DPS-7.44%0.00%0.200.230.300.310.310.300.300.300.220.00
YoY Growth---10.45%-24.11%-5.52%0.00%5.78%-0.89%1.49%33.28%0.00%0.00%
Dividend Yield--0.78%0.97%1.97%1.64%3.54%3.35%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)188.06
(-) Cash Dividends Paid (M)78.89
(=) Cash Retained (M)109.18
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)37.6123.5114.10
Cash Retained (M)109.18109.18109.18
(-) Cash Required (M)-37.61-23.51-14.10
(=) Excess Retained (M)71.5685.6795.07
(/) Shares Outstanding (M)404.76404.76404.76
(=) Excess Retained per Share0.180.210.23
LTM Dividend per Share0.190.190.19
(+) Excess Retained per Share0.180.210.23
(=) Adjusted Dividend0.370.410.43
WACC / Discount Rate7.34%7.34%7.34%
Growth Rate-2.00%-1.00%0.00%
Fair Value$3.90$4.83$5.86
Upside / Downside-81.91%-77.61%-72.84%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)188.06186.18184.32182.48180.65178.85184.21
Payout Ratio41.95%51.56%61.17%70.78%80.39%90.00%92.50%
Projected Dividends (M)78.8995.99112.75129.15145.23160.96170.40

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.34%7.34%7.34%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)88.5289.4390.33
Year 2 PV (M)95.8997.8599.84
Year 3 PV (M)101.30104.43107.63
Year 4 PV (M)105.04109.40113.89
Year 5 PV (M)107.37112.96118.78
PV of Terminal Value (M)2,619.412,755.802,897.83
Equity Value (M)3,117.533,269.883,428.30
Shares Outstanding (M)404.76404.76404.76
Fair Value$7.70$8.08$8.47
Upside / Downside-64.28%-62.53%-60.71%

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%