Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Mode

Ticker

Industry

Sector

China National Electric Apparatus Research Institute Co., Ltd. (688128.SS)

Company Dividend Discount ModelIndustry: Electrical Equipment & PartsSector: Industrials

Valuation Snapshot

Stable Growth$24.96 - $53.87$35.65
Multi-Stage$18.60 - $20.29$19.43
Blended Fair Value$27.54
Current Price$31.64
Upside-12.95%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR202420232022202120202019201820172016
DPS10.89%0.00%0.450.400.350.310.310.270.230.650.300.00
YoY Growth--12.24%13.90%15.23%-0.17%14.01%18.13%-65.04%114.76%0.00%0.00%
Dividend Yield--2.03%2.15%1.69%1.57%2.01%1.50%0.85%2.42%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)526.63
(-) Cash Dividends Paid (M)202.65
(=) Cash Retained (M)323.98
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)105.3365.8339.50
Cash Retained (M)323.98323.98323.98
(-) Cash Required (M)-105.33-65.83-39.50
(=) Excess Retained (M)218.65258.15284.48
(/) Shares Outstanding (M)404.44404.44404.44
(=) Excess Retained per Share0.540.640.70
LTM Dividend per Share0.500.500.50
(+) Excess Retained per Share0.540.640.70
(=) Adjusted Dividend1.041.141.20
WACC / Discount Rate9.90%9.90%9.90%
Growth Rate5.50%6.50%7.50%
Fair Value$24.96$35.65$53.87
Upside / Downside-21.12%12.68%70.27%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)526.63560.86597.31636.14677.49721.52743.17
Payout Ratio38.48%48.78%59.09%69.39%79.70%90.00%92.50%
Projected Dividends (M)202.65273.61352.94441.43539.93649.37687.43

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.90%9.90%9.90%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)246.62248.96251.29
Year 2 PV (M)286.74292.20297.71
Year 3 PV (M)323.25332.53341.98
Year 4 PV (M)356.37370.08384.18
Year 5 PV (M)386.32404.98424.36
PV of Terminal Value (M)5,924.236,210.376,507.46
Equity Value (M)7,523.537,859.128,206.99
Shares Outstanding (M)404.44404.44404.44
Fair Value$18.60$19.43$20.29
Upside / Downside-41.21%-38.58%-35.87%

High-Yield Dividend Screener

« Prev Page 61 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
017810.KSPulmuone Co., Ltd.2.55%$331.6165.57%
023160.KQTae Kwang Corporation2.55%$535.1321.10%
3152.TWOAdvanced Ceramic X Corporation2.55%$3.6636.41%
600415.SSZhejiang China Commodities City Group Co., Ltd.2.55%$0.4153.66%
601808.SSChina Oilfield Services Limited2.55%$0.3643.75%
7606.TUnited Arrows Ltd.2.55%$62.6343.42%
CYRE3.SACyrela Brazil Realty S.A. Empreendimentos e Participações2.55%$0.6112.29%
JUNGH.SWJungheinrich AG2.55%$0.7922.62%
RENT3.SALocaliza Rent a Car S.A.2.55%$1.1166.67%
002380.KSKCC Corporation2.54%$10,000.236.25%
1527.HKZhejiang Tengy Environmental Technology Co., Ltd2.54%$0.054.95%
5212.KLPavilion Real Estate Investment Trust2.54%$0.0539.63%
5489.TWODynaColor, Inc.2.54%$1.0250.42%
600273.SSZhejiang Jiahua Energy Chemical Industry Co.,Ltd.2.54%$0.2228.18%
600724.SSNingbo Fuda Company Limited2.54%$0.1596.79%
7505.TFuso Dentsu Co., Ltd.2.54%$48.5022.36%
8850.TStarts Corporation Inc.2.54%$121.5225.36%
BLAU3.SABlau Farmacêutica S.A.2.54%$0.3519.81%
2367.HKGiant Biogene Holding Co., Ltd.2.53%$0.8722.55%
2701.TWWan Hwa Enterprise Company Ltd.2.53%$0.2852.89%
600963.SSYueyang Forest & Paper Co., Ltd.2.53%$0.1248.95%
603697.SSYouYou Foods Co., Ltd.2.53%$0.3163.16%
CK-R.BKCH. Karnchang Public Company Limited2.53%$0.3025.56%
SCHO.COAktieselskabet Schouw & Co.2.53%$16.8142.51%
003006.SZChongqing Baiya Sanitary Products Co., Ltd.2.52%$0.5580.44%
5191.TSumitomo Riko Company Limited2.52%$66.0123.54%
600406.SSNARI Technology Co., Ltd.2.52%$0.5756.63%
600909.SSHuaan Securities Co., Ltd.2.52%$0.1738.30%
603811.SSZhejiang Cheng Yi Pharmaceutical Co., Ltd.2.52%$0.2637.15%
BESALCO.SNBesalco S.A.2.52%$30.5934.76%
000019.SZShenzhen Cereals Holdings Co., Ltd.2.51%$0.1762.11%
094820.KQIljin Power Co., Ltd.2.51%$320.0148.44%
0QVR.LScandi Standard AB (publ)2.51%$2.4952.58%
4041.TNippon Soda Co., Ltd.2.51%$90.7732.02%
600056.SSChina Meheco Group Co., Ltd.2.51%$0.2671.36%
605169.SSXinjiang Hongtong Natural Gas Co., Ltd.2.51%$0.3391.06%
6691.TWYankey Engineering Co., Ltd.2.51%$13.9262.80%
7483.TDoshisha Co.,Ltd.2.51%$82.9337.87%
GPSC-R.BKGlobal Power Synergy Public Company Limited2.51%$0.9051.48%
HOVE.COHove A/S2.51%$0.1434.71%
NOLA-B.STNolato AB (publ)2.51%$1.5051.20%
0QNH.LHuber+Suhner AG2.50%$3.6149.61%
100840.KSSNT Energy Co., Ltd.2.50%$899.8727.57%
138490.KSKolon Plastics, Inc.2.50%$200.4017.45%
2612.TKadoya Sesame Mills Incorporated2.50%$99.8534.73%
603112.SSShanxi Huaxiang Group Co., Ltd.2.50%$0.4343.19%
603766.SSLoncin Motor Co., Ltd.2.50%$0.4045.87%
ISCTR.ISTürkiye Is Bankasi A.S.2.50%$0.3616.38%
002539.SZChengdu Wintrue Holding Co., Ltd.2.49%$0.2941.75%
2542.TWHighwealth Construction Corp.2.49%$0.9839.34%