Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

China Minsheng Banking Corp., Ltd. (600016.SS)

Company Dividend Discount ModelIndustry: Banks - RegionalSector: Financial Services

Valuation Snapshot

Stable Growth$7.31 - $11.73$9.30
Multi-Stage$13.51 - $14.84$14.16
Blended Fair Value$11.73
Current Price$3.98
Upside194.80%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS1.49%16.78%0.700.730.540.240.680.650.530.530.430.24
YoY Growth---4.59%34.79%122.30%-64.09%4.90%23.02%-0.21%24.14%79.98%59.74%
Dividend Yield--17.95%18.25%15.78%6.41%13.50%11.39%8.18%7.95%6.03%3.12%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)30,352.00
(-) Cash Dividends Paid (M)18,549.00
(=) Cash Retained (M)11,803.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)6,070.403,794.002,276.40
Cash Retained (M)11,803.0011,803.0011,803.00
(-) Cash Required (M)-6,070.40-3,794.00-2,276.40
(=) Excess Retained (M)5,732.608,009.009,526.60
(/) Shares Outstanding (M)43,840.7443,840.7443,840.74
(=) Excess Retained per Share0.130.180.22
LTM Dividend per Share0.420.420.42
(+) Excess Retained per Share0.130.180.22
(=) Adjusted Dividend0.550.610.64
WACC / Discount Rate7.03%7.03%7.03%
Growth Rate-0.51%0.49%1.49%
Fair Value$7.31$9.30$11.73
Upside / Downside83.55%133.77%194.62%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)30,352.0030,501.2030,651.1430,801.8130,953.2231,105.3832,038.54
Payout Ratio61.11%66.89%72.67%78.45%84.22%90.00%92.50%
Projected Dividends (M)18,549.0020,402.3622,273.5024,162.5326,069.6027,994.8429,635.65

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.03%7.03%7.03%
Growth Rate-0.51%0.49%1.49%
Year 1 PV (M)18,871.8019,061.4819,251.16
Year 2 PV (M)19,056.9819,441.9919,830.85
Year 3 PV (M)19,122.3419,704.7520,298.88
Year 4 PV (M)19,083.8419,862.7420,665.24
Year 5 PV (M)18,955.8019,927.7820,939.22
PV of Terminal Value (M)497,379.50522,883.11549,422.34
Equity Value (M)592,470.25620,881.85650,407.70
Shares Outstanding (M)43,840.7443,840.7443,840.74
Fair Value$13.51$14.16$14.84
Upside / Downside239.55%255.83%272.76%

High-Yield Dividend Screener

« Prev Page 68 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
0316.HKOrient Overseas (International) Limited2.19%$2.7948.77%
3109.TShikibo Ltd.2.19%$22.8930.55%
3679.TZIGExN Co., Ltd.2.19%$10.5526.56%
4516.TNippon Shinyaku Co., Ltd.2.19%$123.8726.14%
4617.TChugoku Marine Paints, Ltd.2.19%$96.7242.42%
600051.SSNingbo United Group Co.,Ltd.2.19%$0.1755.08%
603799.SSZhejiang Huayou Cobalt Co., Ltd2.19%$1.4948.01%
7233.KLDufu Technology Corp. Berhad2.19%$0.0495.65%
9064.TYamato Holdings Co., Ltd.2.19%$48.3336.15%
9948.TARCS Company Limited2.19%$74.0133.92%
000049.SZShenzhen Desay Battery Technology Co., Ltd.2.18%$0.5954.00%
000153.SZAnhui Fengyuan Pharmaceutical Co., Ltd.2.18%$0.1455.80%
002237.SZShandong Humon Smelting Co., Ltd.2.18%$0.2961.47%
002626.SZXiamen Kingdomway Group Company2.18%$0.4354.26%
2468.TWFortune Information Systems Corp2.18%$0.9078.36%
300815.SZEIT Environmental Development Group Co.,Ltd2.18%$0.5038.67%
300910.SZXinxiang Richful Lube Additive Co., Ltd2.18%$1.2345.00%
4908.TWOAPAC Opto Electronics Inc.2.18%$1.7472.09%
601369.SSXi'an Shaangu Power Co., Ltd.2.18%$0.2237.55%
067160.KQSoop Co., Ltd.2.17%$1,492.2515.52%
3898.HKZhuzhou CRRC Times Electric Co., Ltd.2.17%$0.8329.19%
4507.TShionogi & Co., Ltd.2.17%$61.6530.72%
603383.SSFujian Apex Software Co.,LTD2.17%$0.7883.82%
603568.SSZhejiang Weiming Environment Protection Co., Ltd.2.17%$0.5534.14%
7181.TJapan Post Insurance Co., Ltd.2.17%$102.1324.56%
053800.KQAhnLab, Inc.2.16%$1,304.4028.50%
0QI9.LCreades AB2.16%$1.5916.64%
601233.SSTongkun Group Co., Ltd.2.16%$0.3750.52%
605056.SSXianheng International Science&Technology Co., Ltd.2.16%$0.3657.45%
MGICMagic Software Enterprises Ltd.2.16%$0.5669.02%
002311.SZGuangdong Haid Group Co., Limited2.15%$1.1939.51%
3727.TAplix Corporation2.15%$3.4454.78%
603586.SSShandong Gold Phoenix Co.,Ltd2.15%$0.4151.17%
6268.TNabtesco Corporation2.15%$80.7460.45%
ATRLJ-B.STAtrium Ljungberg AB (publ)2.15%$0.7141.67%
BPAN4.SABanco Pan S.A.2.15%$0.2441.77%
NCM.AXNewcrest Mining Limited2.15%$0.5038.39%
PARAUCO.SNParque Arauco S.A.2.15%$62.7342.33%
SHANG.BKShangri-La Hotel Public Company Limited2.15%$1.0056.93%
VZUG.SWV-ZUG Holding AG2.15%$0.9119.03%
WTIF.SGWisdomTree Japan Equity UCITS ETF2.15%$0.9891.42%
002258.SZLier Chemical Co.,LTD.2.14%$0.2848.19%
002605.SZShanghai Yaoji Technology Co., Ltd.2.14%$0.5042.55%
0GZV.ILGetinge AB (publ)2.14%$4.6761.88%
0PMJ.LSiemens Healthineers AG2.14%$0.9549.72%
300482.SZGuangzhou Wondfo Biotech Co.,Ltd2.14%$0.4274.45%
5288.KLSime Darby Property Berhad2.14%$0.0342.63%
603218.SSRiyue Heavy Industry Co., Ltd.2.14%$0.2852.42%
BXB.AXBrambles Limited2.14%$0.4940.03%
POBS.BOPlatinumOne Business Services2.14%$3.0015.69%