Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Taiwan Cogeneration Corporation (8926.TW)

Company Dividend Discount ModelIndustry: Engineering & ConstructionSector: Industrials

Valuation Snapshot

Stable Growth$218.64 - $474.07$444.27
Multi-Stage$73.94 - $80.80$77.31
Blended Fair Value$260.79
Current Price$47.65
Upside447.30%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS9.79%7.14%1.930.851.411.531.371.211.050.971.051.29
YoY Growth--127.88%-40.00%-7.89%11.76%13.33%15.38%8.33%-7.69%-18.75%33.33%
Dividend Yield--4.69%1.78%3.69%4.42%3.92%4.57%4.40%3.99%4.97%5.94%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,743.35
(-) Cash Dividends Paid (M)1,533.59
(=) Cash Retained (M)209.75
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)348.67217.92130.75
Cash Retained (M)209.75209.75209.75
(-) Cash Required (M)-348.67-217.92-130.75
(=) Excess Retained (M)-138.92-8.1779.00
(/) Shares Outstanding (M)731.34731.34731.34
(=) Excess Retained per Share-0.19-0.010.11
LTM Dividend per Share2.102.102.10
(+) Excess Retained per Share-0.19-0.010.11
(=) Adjusted Dividend1.912.092.20
WACC / Discount Rate6.42%6.42%6.42%
Growth Rate5.50%6.50%7.50%
Fair Value$218.64$444.27$474.07
Upside / Downside358.84%832.37%894.90%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,743.351,856.661,977.352,105.872,242.752,388.532,460.19
Payout Ratio87.97%88.37%88.78%89.19%89.59%90.00%92.50%
Projected Dividends (M)1,533.591,640.821,755.511,878.172,009.372,149.682,275.68

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.42%6.42%6.42%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)1,527.351,541.831,556.31
Year 2 PV (M)1,521.111,550.081,579.33
Year 3 PV (M)1,514.861,558.341,602.65
Year 4 PV (M)1,508.601,566.621,626.29
Year 5 PV (M)1,502.341,574.901,650.24
PV of Terminal Value (M)46,500.1548,746.1251,078.06
Equity Value (M)54,074.4156,537.9059,092.88
Shares Outstanding (M)731.34731.34731.34
Fair Value$73.94$77.31$80.80
Upside / Downside55.17%62.24%69.57%

High-Yield Dividend Screener

« Prev Page 64 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
WAC.DEWacker Neuson SE2.39%$0.6066.56%
002984.SZQingdao Sentury Tire Co., Ltd.2.38%$0.5036.63%
003650.KSMichang Oil Ind .Co.,Ltd.2.38%$2,999.969.11%
008420.KSMoonbaesteel Co.,Ltd2.38%$49.9345.80%
033270.KSKorea United Pharm Inc.2.38%$452.5915.84%
2200.SRArabian Pipes Company2.38%$0.1119.59%
600916.SSChina National Gold Group Gold Jewellery Co.,Ltd.2.38%$0.1975.48%
6683.TWOKeystone Microtech Corporation2.38%$9.9865.32%
8255.TAxial Retailing Inc.2.38%$27.3926.77%
CPIN.JKPT Charoen Pokphand Indonesia Tbk2.38%$108.0046.06%
ECILC.ISEIS Eczacibasi Ilaç, Sinai ve Finansal Yatirimlar Sanayi ve Ticaret A.S.2.38%$1.9955.96%
MALEE.BKMalee Group Public Company Limited2.38%$0.1027.58%
MERC4.SAMercantil Financeira S.A. - Crédito, Financiamento e Investimento2.38%$0.3033.30%
002734.SZLimin Group Co., Ltd.2.37%$0.3841.84%
0RC6.LPharma Mar, S.A.2.37%$0.7933.20%
601066.SSCSC Financial Co., Ltd.2.37%$0.6349.15%
601199.SSJiangsu Jiangnan Water Co., Ltd.2.37%$0.1330.40%
6752.TPanasonic Holdings Corporation2.37%$48.0035.05%
8732.TMoney Partners Group Co.,Ltd.2.37%$11.2256.03%
TMILL.BKT S Flour Mill Public Company Limited2.37%$0.0550.08%
000923.SZHBIS Resources Co., Ltd.2.36%$0.5062.02%
003100.KQSUN KWANG CO.,Ltd.2.36%$450.009.05%
0322.HKTingyi (Cayman Islands) Holding Corp.2.36%$0.2837.83%
092780.KSDYP Co.,Ltd2.36%$80.0413.83%
194370.KSJS Corporation2.36%$289.3014.00%
300498.SZWens Foodstuff Group Co., Ltd.2.36%$0.4033.81%
3715.TWDynamic Holding Co., Ltd.2.36%$3.0087.49%
601126.SSBeijing Sifang Automation Co.,Ltd2.36%$0.7174.03%
603167.SSBohai Ferry Group Co., Ltd.2.36%$0.2236.07%
6062.TCharm Care Corporation2.36%$29.9333.34%
6197.TSolasto Corporation2.36%$20.0442.12%
6586.TMakita Corporation2.36%$111.8037.02%
GUNA.JKGunanusa Eramandiri Tbk.2.36%$7.1827.33%
LLQ.SWLalique Group S.A.2.36%$0.8354.12%
003480.KSHanjin Heavy Industries & Construction Holdings Co., Ltd.2.35%$109.434.27%
007310.KSOtoki Corporation2.35%$9,000.8630.39%
200130.KQKolmar BNH Co., Ltd.2.35%$308.5362.12%
5263.KLSunway Construction Group Bhd2.35%$0.1363.40%
7522.TWatami Co., Ltd.2.35%$22.6923.93%
ALMOU.PAMoulinvest S.A.2.35%$0.5245.03%
AMFG.JKPT Asahimas Flat Glass Tbk2.35%$80.2525.12%
DIF.BKDigital Telecommunications Infrastructure Fund2.35%$0.2219.79%
002959.SZBear Electric Appliance Co.,Ltd.2.34%$0.9944.00%
069080.KQWebzen Inc.2.34%$303.4628.97%
2421.TWSunonwealth Electric Machine Industry Co., Ltd.2.34%$3.7151.15%
300470.SZSinoseal Holding Co., Ltd.2.34%$0.8845.78%
3031.TRACCOON HOLDINGS, Inc.2.34%$15.1438.54%
4260.SRUnited International Transportation Company2.34%$1.4533.16%
600211.SSTibet Rhodiola Pharmaceutical Holding Co.2.34%$1.0032.69%
600739.SSLiaoning Cheng Da Co., Ltd.2.34%$0.2646.23%