Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Ningbo Techmation Co.,Ltd. (603015.SS)

Company Dividend Discount ModelIndustry: Industrial - MachinerySector: Industrials

Valuation Snapshot

Stable Growth$19.75 - $23.27$21.81
Multi-Stage$13.24 - $14.54$13.88
Blended Fair Value$17.84
Current Price$11.86
Upside50.45%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS6.50%1.53%0.180.080.140.140.020.130.190.050.050.06
YoY Growth--121.19%-39.79%0.64%687.98%-87.03%-29.71%247.03%3.16%-4.27%-64.72%
Dividend Yield--1.29%1.00%1.76%2.09%0.29%2.27%2.40%0.68%0.44%0.42%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)46.42
(-) Cash Dividends Paid (M)30.75
(=) Cash Retained (M)15.67
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)9.285.803.48
Cash Retained (M)15.6715.6715.67
(-) Cash Required (M)-9.28-5.80-3.48
(=) Excess Retained (M)6.399.8712.19
(/) Shares Outstanding (M)393.03393.03393.03
(=) Excess Retained per Share0.020.030.03
LTM Dividend per Share0.080.080.08
(+) Excess Retained per Share0.020.030.03
(=) Adjusted Dividend0.090.100.11
WACC / Discount Rate1.95%1.95%1.95%
Growth Rate4.50%5.50%6.50%
Fair Value$19.75$21.81$23.27
Upside / Downside66.51%83.87%96.22%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)46.4248.9851.6754.5157.5060.6662.48
Payout Ratio66.24%70.99%75.75%80.50%85.25%90.00%92.50%
Projected Dividends (M)30.7534.7739.1443.8849.0254.6057.80

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate1.95%1.95%1.95%
Growth Rate4.50%5.50%6.50%
Year 1 PV (M)33.7834.1034.43
Year 2 PV (M)36.9437.6538.37
Year 3 PV (M)40.2441.4142.59
Year 4 PV (M)43.6845.3747.12
Year 5 PV (M)47.2649.5751.96
PV of Terminal Value (M)5,003.425,247.455,500.92
Equity Value (M)5,205.335,455.565,715.39
Shares Outstanding (M)393.03393.03393.03
Fair Value$13.24$13.88$14.54
Upside / Downside11.67%17.04%22.61%

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%