Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

PICC Property and Casualty Company Limited (2328.HK)

Company Dividend Discount ModelIndustry: Insurance - Property & CasualtySector: Financial Services

Valuation Snapshot

Stable Growth$154.54 - $545.05$510.79
Multi-Stage$70.20 - $76.78$73.43
Blended Fair Value$292.11
Current Price$13.87
Upside2,006.07%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS20.71%17.82%0.700.480.410.380.460.270.230.210.200.18
YoY Growth--45.81%17.44%8.52%-18.65%69.49%20.71%9.38%1.64%12.59%33.16%
Dividend Yield--6.06%5.68%6.22%7.23%9.33%3.24%3.21%2.47%2.81%2.09%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)60,958.00
(-) Cash Dividends Paid (M)26,135.00
(=) Cash Retained (M)34,823.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)12,191.607,619.754,571.85
Cash Retained (M)34,823.0034,823.0034,823.00
(-) Cash Required (M)-12,191.60-7,619.75-4,571.85
(=) Excess Retained (M)22,631.4027,203.2530,251.15
(/) Shares Outstanding (M)22,242.0022,242.0022,242.00
(=) Excess Retained per Share1.021.221.36
LTM Dividend per Share1.181.181.18
(+) Excess Retained per Share1.021.221.36
(=) Adjusted Dividend2.192.402.54
WACC / Discount Rate7.00%7.00%7.00%
Growth Rate5.50%6.50%7.50%
Fair Value$154.54$510.79$545.05
Upside / Downside1,014.20%3,582.71%3,829.71%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)60,958.0064,920.2769,140.0973,634.1978,420.4283,517.7486,023.28
Payout Ratio42.87%52.30%61.72%71.15%80.57%90.00%92.50%
Projected Dividends (M)26,135.0033,952.6742,676.2152,390.3763,187.0675,165.9779,571.53

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.00%7.00%7.00%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)31,434.4631,732.4232,030.38
Year 2 PV (M)36,580.5537,277.3037,980.63
Year 3 PV (M)41,576.5042,770.0143,986.15
Year 4 PV (M)46,425.5148,210.9150,047.31
Year 5 PV (M)51,130.7353,600.3656,164.51
PV of Terminal Value (M)1,354,279.251,419,691.441,487,607.11
Equity Value (M)1,561,426.991,633,282.441,707,816.09
Shares Outstanding (M)22,242.0022,242.0022,242.00
Fair Value$70.20$73.43$76.78
Upside / Downside406.14%429.43%453.59%

High-Yield Dividend Screener

« Prev Page 72 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
TCNTricon Residential Inc.1.98%$0.2253.83%
000617.SZCNPC Capital Company Limited1.97%$0.1955.65%
013580.KSKyeryong Construction Industrial Co., Ltd.1.97%$399.956.19%
600033.SSFujian Expressway Development Co.,Ltd1.97%$0.0827.53%
603337.SSJack Technology Co.,Ltd1.97%$0.8544.29%
603338.SSZhejiang Dingli Machinery Co.,Ltd1.97%$1.1232.10%
605090.SSJiangxi Jovo Energy Co., Ltd1.97%$0.8542.14%
DEZ.DEDeutz AG1.97%$0.1799.16%
KEJU.JKPT Mulia Boga Raya Tbk1.97%$13.0042.56%
LOGN.SWLogitech International S.A.1.97%$1.6036.80%
NTSC.BKNutrition SC Public Company Limited1.97%$0.1213.98%
000220.KSYuyu Pharma, Inc.1.96%$89.7431.97%
000862.SZNing Xia Yin Xing Energy Co.,Ltd1.96%$0.1178.53%
001333.SZZhejiang Guanghua Technology Co., Ltd.1.96%$0.4241.57%
002926.SZHUAXI Securities Co., Ltd.1.96%$0.1831.11%
0QMI.LSGS S.A.1.96%$1.6631.21%
0R4W.LMultitude SE1.96%$0.1219.36%
183300.KQKoMiCo Ltd.1.96%$1,854.5632.39%
600031.SSSany Heavy Industry Co., Ltd1.96%$0.4142.56%
600449.SSNingxia Building Materials Group Co.,Ltd1.96%$0.2439.64%
603477.SSLeshan Giantstar Farming&Husbandry Corporation Limited1.96%$0.3445.55%
603650.SSRed Avenue New Materials Group Co., Ltd.1.96%$0.8689.92%
EQB.TOEQB Inc.1.96%$2.0522.50%
EVROF.ATEvrofarma S.A.1.96%$0.0725.28%
HAGA.ICHagar hf1.96%$2.3034.34%
INISS-B.STInission AB (publ)1.96%$0.9855.65%
TWPC.BKThai Wah Public Company Limited1.96%$0.0632.91%
001358.SZShaoxing Xingxin New Materials Co Ltd1.95%$0.5095.37%
003039.SZGuangdong Shunkong Development Co.,Ltd.1.95%$0.3170.47%
267250.KSHD Hyundai Co., Ltd.1.95%$3,599.8749.88%
4553.TTowa Pharmaceutical Co., Ltd.1.95%$71.0416.94%
688236.SSBeijing Chunlizhengda Medical Instruments Co., Ltd.1.95%$0.4566.78%
MIDI.JKPT Midi Utama Indonesia Tbk1.95%$7.3536.66%
002662.SZBeijing WKW Automotive Parts Co.,Ltd.1.94%$0.0849.66%
002697.SZChengdu Hongqi Chain Co.,Ltd.1.94%$0.1230.44%
0345.HKVitasoy International Holdings Limited1.94%$0.1336.86%
079430.KSHyundai Livart Furniture Company Limited1.94%$131.1521.94%
0GEG.LVaisala Oyj1.94%$0.8548.66%
2229.TCalbee, Inc.1.94%$58.0941.83%
3284.THoosiers Holdings Co., Ltd.1.94%$25.5522.98%
4819.TDigital Garage, Inc.1.94%$52.4275.12%
600061.SSSDIC Capital Co.,Ltd1.94%$0.1529.00%
600356.SSMudanjiang Hengfeng Paper Co.,Ltd1.94%$0.1733.08%
600563.SSXiamen Faratronic Co., Ltd.1.94%$2.0439.85%
688468.SSChemclin Diagnostics Co., Ltd.1.94%$0.1499.41%
9610.SRFirst Avenue for Real Estate De1.94%$0.1216.89%
ADMIE.ATAdmie Holding S.A.1.94%$0.0610.56%
MPHASIS.BOMphasis Limited1.94%$54.4258.27%
TREL-B.STTrelleborg AB (publ)1.94%$7.5646.55%
005740.KSCROWNHAITAI Holdings Co.,Ltd.1.93%$130.059.54%