Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Guangzhou Baiyun International Airport Co., Ltd. (600004.SS)

Company Dividend Discount ModelIndustry: Airlines, Airports & Air ServicesSector: Industrials

Valuation Snapshot

Stable Growth$3.89 - $5.56$4.71
Multi-Stage$8.93 - $9.85$9.38
Blended Fair Value$7.05
Current Price$9.48
Upside-25.67%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-12.92%-8.44%0.080.010.020.040.130.150.210.230.160.14
YoY Growth--1,297.02%-72.98%-53.38%-66.64%-14.71%-29.17%-5.95%43.30%10.49%-21.62%
Dividend Yield--0.83%0.05%0.13%0.35%0.96%1.20%1.41%1.44%1.43%1.66%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,353.72
(-) Cash Dividends Paid (M)380.60
(=) Cash Retained (M)973.12
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)270.74169.21101.53
Cash Retained (M)973.12973.12973.12
(-) Cash Required (M)-270.74-169.21-101.53
(=) Excess Retained (M)702.37803.90871.59
(/) Shares Outstanding (M)2,343.852,343.852,343.85
(=) Excess Retained per Share0.300.340.37
LTM Dividend per Share0.160.160.16
(+) Excess Retained per Share0.300.340.37
(=) Adjusted Dividend0.460.510.53
WACC / Discount Rate7.11%7.11%7.11%
Growth Rate-4.27%-3.27%-2.27%
Fair Value$3.89$4.71$5.56
Upside / Downside-59.01%-50.34%-41.31%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,353.721,309.431,266.601,225.171,185.091,146.321,180.71
Payout Ratio28.12%40.49%52.87%65.25%77.62%90.00%92.50%
Projected Dividends (M)380.60530.22669.64799.37919.901,031.691,092.16

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.11%7.11%7.11%
Growth Rate-4.27%-3.27%-2.27%
Year 1 PV (M)489.89495.01500.13
Year 2 PV (M)571.66583.66595.79
Year 3 PV (M)630.51650.47670.86
Year 4 PV (M)670.39698.85728.20
Year 5 PV (M)694.68731.73770.34
PV of Terminal Value (M)17,882.1618,835.8919,829.87
Equity Value (M)20,939.2921,995.6123,095.19
Shares Outstanding (M)2,343.852,343.852,343.85
Fair Value$8.93$9.38$9.85
Upside / Downside-5.76%-1.01%3.94%

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%