Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. (300893.SZ)

Company Dividend Discount ModelIndustry: Auto - PartsSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$181.52 - $213.86$200.42
Multi-Stage$137.04 - $150.42$143.61
Blended Fair Value$172.01
Current Price$28.50
Upside503.55%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR202420232022202120202019201820172016
DPS9.55%0.00%0.200.110.120.180.070.130.160.090.160.00
YoY Growth--76.03%-3.24%-37.02%153.55%-41.98%-19.72%64.43%-39.82%0.00%0.00%
Dividend Yield--0.81%0.53%0.66%1.58%0.69%0.96%1.19%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)332.73
(-) Cash Dividends Paid (M)57.73
(=) Cash Retained (M)274.99
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)66.5541.5924.95
Cash Retained (M)274.99274.99274.99
(-) Cash Required (M)-66.55-41.59-24.95
(=) Excess Retained (M)208.45233.40250.04
(/) Shares Outstanding (M)309.42309.42309.42
(=) Excess Retained per Share0.670.750.81
LTM Dividend per Share0.190.190.19
(+) Excess Retained per Share0.670.750.81
(=) Adjusted Dividend0.860.940.99
WACC / Discount Rate0.12%0.12%0.12%
Growth Rate5.50%6.50%7.50%
Fair Value$181.52$200.42$213.86
Upside / Downside536.90%603.22%650.38%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)332.73354.36377.39401.92428.04455.87469.54
Payout Ratio17.35%31.88%46.41%60.94%75.47%90.00%92.50%
Projected Dividends (M)57.73112.97175.15244.93323.05410.28434.33

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate0.12%0.12%0.12%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)111.78112.84113.90
Year 2 PV (M)171.46174.73178.03
Year 3 PV (M)237.24244.05250.99
Year 4 PV (M)309.60321.50333.75
Year 5 PV (M)389.04407.83427.34
PV of Terminal Value (M)41,184.0243,173.2245,238.56
Equity Value (M)42,403.1444,434.1746,542.56
Shares Outstanding (M)309.42309.42309.42
Fair Value$137.04$143.61$150.42
Upside / Downside380.85%403.88%427.79%

High-Yield Dividend Screener

« Prev Page 7 of 30 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
PLYMPlymouth Industrial REIT, Inc.4.80%$1.0549.94%
SAFTSafety Insurance Group, Inc.4.80%$3.6361.47%
CETCentral Securities Corp.4.79%$2.4313.87%
GBLIGlobal Indemnity Group, LLC4.79%$1.3870.11%
JANIXJanus Henderson Triton Fund Class D4.79%$1.2767.95%
MITNAG Mortgage Investment Trust, Inc. 9.500% Senior Notes due 20294.77%$1.2175.90%
PRUPrudential Financial, Inc.4.77%$5.4373.37%
IFAFXThe Income Fund of America, Class F-1 Shares4.76%$1.2433.91%
AMECXAmerican Funds The Income Fund of America Class A4.74%$1.2433.91%
UMPQUmpqua Holdings Corporation4.74%$0.8454.13%
NFBKNorthfield Bancorp, Inc.4.73%$0.5454.01%
SBSISouthside Bancshares, Inc.4.72%$1.4462.24%
TNLTravel + Leisure Co.4.72%$3.4054.99%
AIRCApartment Income REIT Corp.4.68%$1.8341.27%
SONSonoco Products Company4.68%$2.0832.95%
OFLXOmega Flex, Inc.4.67%$1.3685.30%
FTAIOFTAI Aviation Ltd.4.65%$1.1825.22%
WDWalker & Dunlop, Inc.4.65%$2.7379.29%
0J2Z.LHA Sustainable Infrastructure Capital, Inc.4.63%$1.4766.70%
FLMNFalcon Minerals Corporation4.63%$0.3681.83%
GSRMGSR II Meteora Acquisition Corp.4.62%$0.1532.94%
FBFWXAmerican Funds Retirement Income Portfolio - Moderate Class F-14.61%$0.6379.77%
GPSThe Gap, Inc.4.61%$0.9341.48%
QUADQuad/Graphics, Inc.4.61%$0.2764.56%
BMYBristol-Myers Squibb Company4.59%$2.4582.81%
WTBAWest Bancorporation, Inc.4.56%$0.9952.39%
SCPLSciPlay Corporation4.55%$1.0417.40%
OLPOne Liberty Properties, Inc.4.53%$0.9257.61%
RWAYLRunway Growth Finance Corp. - 74.53%$1.1475.51%
INSWInternational Seaways, Inc.4.52%$2.1248.43%
RWAYZRunway Growth Finance Corp. 8.00% Notes due 20274.52%$1.1475.51%
DDominion Energy, Inc.4.48%$2.6597.13%
TGTTarget Corporation4.48%$4.5054.48%
COLBColumbia Banking System, Inc.4.47%$1.2662.95%
DFPAXBNY Mellon Diversified International Fund Class A4.46%$0.4556.12%
KEYKeyCorp4.46%$0.9495.81%
RPTIXT. Rowe Price Mid-Cap Growth Fund4.46%$4.3859.54%
CGBDCarlyle Secured Lending, Inc.4.45%$0.5655.08%
NEWTPNewtekOne, Inc. Depositary Shares, Non-Cumulative Perpetual Preferred Stock, Series B4.44%$1.0244.14%
PFCPremier Financial Corp.4.43%$1.2468.07%
BFCBank First Corporation4.40%$5.3073.82%
DUKDuke Energy Corporation4.40%$5.1780.55%
0L77.LSkyworks Solutions, Inc.4.37%$2.7990.67%
ESCAEscalade, Incorporated4.35%$0.6065.28%
DINOHF Sinclair Corporation4.34%$2.0396.43%
LBAILakeland Bancorp, Inc.4.34%$0.5844.96%
CVXChevron Corporation4.32%$6.7495.36%
CVBFCVB Financial Corp.4.31%$0.8154.32%
HTBKHeritage Commerce Corp4.30%$0.5273.66%
EQREquity Residential4.28%$2.6689.76%