Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. (300893.SZ)

Company Dividend Discount ModelIndustry: Auto - PartsSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$181.52 - $213.86$200.42
Multi-Stage$137.04 - $150.42$143.61
Blended Fair Value$172.01
Current Price$28.50
Upside503.55%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR202420232022202120202019201820172016
DPS9.55%0.00%0.200.110.120.180.070.130.160.090.160.00
YoY Growth--76.03%-3.24%-37.02%153.55%-41.98%-19.72%64.43%-39.82%0.00%0.00%
Dividend Yield--0.81%0.53%0.66%1.58%0.69%0.96%1.19%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)332.73
(-) Cash Dividends Paid (M)57.73
(=) Cash Retained (M)274.99
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)66.5541.5924.95
Cash Retained (M)274.99274.99274.99
(-) Cash Required (M)-66.55-41.59-24.95
(=) Excess Retained (M)208.45233.40250.04
(/) Shares Outstanding (M)309.42309.42309.42
(=) Excess Retained per Share0.670.750.81
LTM Dividend per Share0.190.190.19
(+) Excess Retained per Share0.670.750.81
(=) Adjusted Dividend0.860.940.99
WACC / Discount Rate0.12%0.12%0.12%
Growth Rate5.50%6.50%7.50%
Fair Value$181.52$200.42$213.86
Upside / Downside536.90%603.22%650.38%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)332.73354.36377.39401.92428.04455.87469.54
Payout Ratio17.35%31.88%46.41%60.94%75.47%90.00%92.50%
Projected Dividends (M)57.73112.97175.15244.93323.05410.28434.33

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate0.12%0.12%0.12%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)111.78112.84113.90
Year 2 PV (M)171.46174.73178.03
Year 3 PV (M)237.24244.05250.99
Year 4 PV (M)309.60321.50333.75
Year 5 PV (M)389.04407.83427.34
PV of Terminal Value (M)41,184.0243,173.2245,238.56
Equity Value (M)42,403.1444,434.1746,542.56
Shares Outstanding (M)309.42309.42309.42
Fair Value$137.04$143.61$150.42
Upside / Downside380.85%403.88%427.79%

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%