Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

New China Life Insurance Company Ltd. (601336.SS)

Company Dividend Discount ModelIndustry: Insurance - LifeSector: Financial Services

Valuation Snapshot

Stable Growth$841.50 - $2,448.25$2,294.37
Multi-Stage$333.81 - $365.47$349.35
Blended Fair Value$1,321.86
Current Price$61.16
Upside2,061.31%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS14.36%14.61%1.511.351.621.391.410.770.570.690.580.51
YoY Growth--11.17%-16.54%16.81%-1.43%83.14%33.97%-16.21%17.97%13.52%32.95%
Dividend Yield--2.92%4.44%5.32%3.93%2.90%1.93%1.03%1.49%1.38%1.26%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)38,406.00
(-) Cash Dividends Paid (M)9,032.00
(=) Cash Retained (M)29,374.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)7,681.204,800.752,880.45
Cash Retained (M)29,374.0029,374.0029,374.00
(-) Cash Required (M)-7,681.20-4,800.75-2,880.45
(=) Excess Retained (M)21,692.8024,573.2526,493.55
(/) Shares Outstanding (M)3,119.773,119.773,119.77
(=) Excess Retained per Share6.957.888.49
LTM Dividend per Share2.902.902.90
(+) Excess Retained per Share6.957.888.49
(=) Adjusted Dividend9.8510.7711.39
WACC / Discount Rate6.73%6.73%6.73%
Growth Rate5.50%6.50%7.50%
Fair Value$841.50$2,294.37$2,448.25
Upside / Downside1,275.90%3,651.42%3,903.03%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)38,406.0040,902.3943,561.0546,392.5149,408.0352,619.5554,198.13
Payout Ratio23.52%36.81%50.11%63.41%76.70%90.00%92.50%
Projected Dividends (M)9,032.0015,057.6921,828.5729,416.0437,897.6547,357.5950,133.27

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.73%6.73%6.73%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)13,975.1214,107.5914,240.05
Year 2 PV (M)18,802.6719,160.8119,522.33
Year 3 PV (M)23,516.6624,191.7424,879.62
Year 4 PV (M)28,119.0829,200.4630,312.73
Year 5 PV (M)32,611.8634,187.0235,822.47
PV of Terminal Value (M)924,390.17969,038.571,015,395.76
Equity Value (M)1,041,415.571,089,886.191,140,172.96
Shares Outstanding (M)3,119.773,119.773,119.77
Fair Value$333.81$349.35$365.47
Upside / Downside445.80%471.20%497.56%

High-Yield Dividend Screener

« Prev Page 65 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
603060.SSChina Testing & Certification International Group Co.,Ltd.2.34%$0.1465.87%
603527.SSAnhui Zhongyuan New Materials Co., Ltd.2.34%$0.2660.72%
6239.TNagaoka International Corporation2.34%$33.9030.69%
7277.KLDialog Group Berhad2.34%$0.0478.99%
7708.TWOFamily International Gourmet Co. Ltd.2.34%$2.2440.19%
7947.TFP Corporation2.34%$61.4735.92%
7966.TLINTEC Corporation2.34%$103.3453.86%
ENGI11.SAEnergisa S.A.2.34%$1.1076.21%
IHG.LInterContinental Hotels Group PLC2.34%$3.2837.32%
JR.BKJ.R.W. Utility Public Company Limited2.34%$0.0436.34%
SMRA.JKPT Summarecon Agung Tbk2.34%$8.9915.00%
002056.SZHengdian Group DMEGC Magnetics Co. ,Ltd2.33%$0.4530.92%
002538.SZAnhui Sierte Fertilizer industry Ltd. ,company2.33%$0.1557.55%
0QMR.LBELIMO Holding AG2.33%$17.9969.21%
1322.SRAl Masane Al Kobra Mining Company2.33%$2.0873.41%
300743.SZHangzhou Todaytec Digital Co., Ltd2.33%$0.5271.84%
601566.SSJoeone Co., Ltd.2.33%$0.3150.03%
605319.SSWuxi Zhenhua Auto Parts Co., Ltd.2.33%$0.4937.82%
GIMB.BRGimv N.V.2.33%$1.029.10%
MOSHI.BKMoshi Moshi Retail Corporation Public Company Limited2.33%$0.8143.67%
002939.SZChina Great Wall Securities Co.,Ltd.2.32%$0.2439.54%
004360.KSSebang Co., Ltd2.32%$325.9511.33%
1283.HKAccel Group Holdings Limited2.32%$0.0437.03%
2301.TGakujo Co., Ltd.2.32%$40.6128.97%
4887.TSawai Group Holdings Co., Ltd.2.32%$54.7464.15%
600079.SSHumanwell Healthcare (Group) Co.,Ltd.2.32%$0.4248.02%
600299.SSBluestar Adisseo Company2.32%$0.2146.81%
605158.SSZhejiang Huada New Materials Co., Ltd.2.32%$0.1957.15%
7287.TNippon Seiki Co., Ltd.2.32%$50.6031.92%
7914.TKyodo Printing Co., Ltd.2.32%$36.6727.27%
AZZA3.SAAzzas 2154 S.A.2.32%$0.5915.77%
HUFV-A.STHufvudstaden AB (publ)2.32%$2.8251.40%
002043.SZDeHua TB New Decoration Material Co.,Ltd2.31%$0.3337.20%
1214.SRAl Hassan Ghazi Ibrahim Shaker Company2.31%$0.5034.65%
300832.SZShenzhen New Industries Biomedical Engineering Co., Ltd.2.31%$1.3061.96%
600233.SSYTO Express Group Co.,Ltd.2.31%$0.3832.72%
6277.THosokawa Micron Corporation2.31%$130.2442.63%
6728.TULVAC, Inc.2.31%$163.6955.14%
9251.TAB&Company Co.,Ltd.2.31%$27.8639.35%
9783.TBenesse Holdings, Inc.2.31%$59.9889.83%
ALLEC.PACogelec S.A.2.31%$0.6746.99%
ELIT.JKPT Data Sinergitama Jaya Tbk2.31%$5.0034.02%
LUXF.BKLuxury Real Estate Investment Fund2.31%$0.2114.86%
STEC-R.BKSino-Thai Engineering and Construction Public Company Limited2.31%$0.1595.24%
000513.SZLivzon Pharmaceutical Group Inc.2.30%$0.7932.65%
000959.SZBeijing Shougang Co., Ltd.2.30%$0.1171.65%
002941.SZXinjiang Communications Construction Group Co., Ltd.2.30%$0.3643.85%
2838.TWUnion Bank of Taiwan2.30%$0.4536.18%
2947.TWOZhen Yu Hardware Co., Ltd.2.30%$1.9056.70%
2HRA.DEH&R GmbH & Co. KGaA2.30%$0.1045.84%