Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Industrial & Commercial Bank of China Ltd. (601398.SS)

Company Dividend Discount ModelIndustry: Banks - DiversifiedSector: Financial Services

Valuation Snapshot

Stable Growth$11.74 - $19.20$15.07
Multi-Stage$20.35 - $22.35$21.33
Blended Fair Value$18.20
Current Price$7.30
Upside149.33%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS8.33%5.55%0.510.490.420.380.370.340.330.300.290.30
YoY Growth--2.87%18.76%10.99%2.42%7.41%4.93%9.61%1.71%-2.38%0.79%
Dividend Yield--7.39%9.35%9.34%7.87%6.62%6.63%5.77%4.87%6.03%6.95%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)366,746.00
(-) Cash Dividends Paid (M)159,072.00
(=) Cash Retained (M)207,674.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)73,349.2045,843.2527,505.95
Cash Retained (M)207,674.00207,674.00207,674.00
(-) Cash Required (M)-73,349.20-45,843.25-27,505.95
(=) Excess Retained (M)134,324.80161,830.75180,168.05
(/) Shares Outstanding (M)348,222.20348,222.20348,222.20
(=) Excess Retained per Share0.390.460.52
LTM Dividend per Share0.460.460.46
(+) Excess Retained per Share0.390.460.52
(=) Adjusted Dividend0.840.920.97
WACC / Discount Rate7.09%7.09%7.09%
Growth Rate-0.08%0.92%1.92%
Fair Value$11.74$15.07$19.20
Upside / Downside60.79%106.40%162.96%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)366,746.00370,115.21373,515.37376,946.77380,409.69383,904.42395,421.55
Payout Ratio43.37%52.70%62.02%71.35%80.67%90.00%92.50%
Projected Dividends (M)159,072.00195,047.42231,670.42268,949.84306,894.67345,513.98365,764.93

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.09%7.09%7.09%
Growth Rate-0.08%0.92%1.92%
Year 1 PV (M)180,327.53182,132.27183,937.01
Year 2 PV (M)198,022.35202,005.85206,029.03
Year 3 PV (M)212,538.07218,983.48225,557.90
Year 4 PV (M)224,221.16233,332.96242,719.69
Year 5 PV (M)233,385.94245,300.86257,697.50
PV of Terminal Value (M)6,039,108.486,347,419.456,668,195.79
Equity Value (M)7,087,603.537,429,174.877,784,136.93
Shares Outstanding (M)348,222.20348,222.20348,222.20
Fair Value$20.35$21.33$22.35
Upside / Downside178.82%192.25%206.22%

High-Yield Dividend Screener

« Prev Page 67 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
DAB.CODanske Andelskassers Bank A/S2.24%$0.4437.84%
KBSB.MEPJSC TNS energo Kuban2.24%$17.9936.50%
002179.SZAVIC Jonhon Optronic Technology Co.,Ltd.2.23%$0.7965.31%
1083.HKTowngas Smart Energy Company Limited2.23%$0.0811.47%
192080.KSDoubleUGames Co., Ltd.2.23%$1,217.6314.93%
300791.SZSirio Pharma Co., Ltd.2.23%$0.5851.03%
603012.SSShanghai Chuangli Group Co., Ltd.2.23%$0.1354.71%
603987.SSShanghai Kindly Enterprise Development Group Co.,LTD.2.23%$0.1934.34%
6070.SRAl-Jouf Agricultural Development Co.2.23%$0.9836.81%
GCG-A.TOGuardian Capital Group Limited2.23%$1.5020.18%
IPN.PAIpsen S.A.2.23%$2.5919.16%
TYA.MIToscana Aeroporti S.p.A.2.23%$0.4242.81%
137310.KSSD BioSensor, Inc2.22%$201.4921.35%
3569.TSeiren Co.,Ltd.2.22%$68.0426.55%
601901.SSFounder Securities Co., Ltd.2.22%$0.1735.28%
603609.SSWellhope Foods Co., Ltd.2.22%$0.1675.23%
688016.SSShanghai MicroPort Endovascular MedTech Co., Ltd.2.22%$2.0365.07%
7034.KLThong Guan Industries Berhad2.22%$0.0317.13%
9436.TOkinawa Cellular Telephone Company2.22%$62.9045.77%
IEI.VImperial Equities Inc.2.22%$0.0813.05%
ISKJ.MEPublic Joint-Stock Company "Human Stem Cells Institute"2.22%$1.5289.44%
LKD.WALokum Deweloper S.A.2.22%$0.5034.19%
MEDICAB.MXMédica Sur, S.A.B. de C.V.2.22%$1.3129.76%
TKC.BKTurnkey Communication Services Public Company Limited2.22%$0.2068.90%
0696.HKTravelSky Technology Limited2.21%$0.2318.19%
183190.KSAsia Cement Co.,Ltd.2.21%$264.7821.44%
300673.SZPetpal Pet Nutrition Technology Co., Ltd.2.21%$0.4068.30%
4292.SRAtaa Educational Company2.21%$1.3066.22%
4519.TChugai Pharmaceutical Co., Ltd.2.21%$182.1975.49%
5607.TWFarglory F T Z Investment Holding Co.,Ltd.2.21%$1.0841.76%
600062.SSChina Resources Double-Crane Pharmaceutical Co.,Ltd.2.21%$0.4026.61%
603288.SSFoshan Haitian Flavouring and Food Company Ltd.2.21%$0.8269.84%
7864.TFuji Seal International, Inc.2.21%$69.4123.64%
BLES.JKSuperior Prima Sukses Tbk.2.21%$3.6028.62%
ELI.BRElia Group SA/NV2.21%$2.4830.58%
NTEK-B.STNovotek AB2.21%$1.8026.45%
SWEC-A.STSweco AB (publ)2.21%$3.2854.95%
069960.KSHyundai Department Store Co. Ltd.2.20%$1,867.6522.60%
300415.SZGuangdong Yizumi Precision Machinery Co.,Ltd.2.20%$0.5738.08%
3176.TSanyo Trading Co., Ltd.2.20%$32.8020.58%
3227.TWOPixArt Imaging Inc.2.20%$4.5234.58%
600030.SSCITIC Securities Company Limited2.20%$0.6333.43%
603345.SSAnjoy Foods Group Co., Ltd.2.20%$1.7441.75%
603693.SSJiangsu New Energy Development Co., Ltd.2.20%$0.2660.61%
6508.TMeidensha Corporation2.20%$122.7830.24%
8002.TMarubeni Corporation2.20%$95.6227.63%
9059.KLTSH Resources Berhad2.20%$0.0315.65%
JCQ.PAJacquet Metals S.A.2.20%$0.4494.90%
OLT.OLOlav Thon Eiendomsselskap ASA2.20%$7.3330.72%
001216.SZHunan Hualian China Industry Co., Ltd.2.19%$0.3841.88%