Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

National Petroleum Co., Ltd. (9937.TW)

Company Dividend Discount ModelIndustry: Oil & Gas Refining & MarketingSector: Energy

Valuation Snapshot

Stable Growth$19.12 - $28.29$23.51
Multi-Stage$32.21 - $35.22$33.69
Blended Fair Value$28.60
Current Price$61.80
Upside-53.73%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.98%5.76%2.102.102.102.312.002.002.002.001.401.20
YoY Growth--0.00%0.00%-8.70%15.00%0.00%-0.02%0.02%42.86%16.67%0.00%
Dividend Yield--3.42%3.18%3.41%4.68%3.97%4.80%4.84%4.93%3.52%3.32%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)734.84
(-) Cash Dividends Paid (M)648.99
(=) Cash Retained (M)85.85
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)146.9791.8555.11
Cash Retained (M)85.8585.8585.85
(-) Cash Required (M)-146.97-91.85-55.11
(=) Excess Retained (M)-61.12-6.0130.73
(/) Shares Outstanding (M)308.35308.35308.35
(=) Excess Retained per Share-0.20-0.020.10
LTM Dividend per Share2.102.102.10
(+) Excess Retained per Share-0.20-0.020.10
(=) Adjusted Dividend1.912.092.20
WACC / Discount Rate8.85%8.85%8.85%
Growth Rate-1.02%-0.02%0.98%
Fair Value$19.12$23.51$28.29
Upside / Downside-69.06%-61.96%-54.22%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)734.84734.69734.55734.41734.26734.12756.14
Payout Ratio88.32%88.65%88.99%89.33%89.66%90.00%92.50%
Projected Dividends (M)648.99651.34653.68656.02658.37660.71699.43

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.85%8.85%8.85%
Growth Rate-1.02%-0.02%0.98%
Year 1 PV (M)592.40598.39604.37
Year 2 PV (M)540.74551.72562.81
Year 3 PV (M)493.58508.69524.11
Year 4 PV (M)450.52469.00488.05
Year 5 PV (M)411.21432.41454.47
PV of Terminal Value (M)7,443.187,826.858,226.18
Equity Value (M)9,931.6410,387.0610,859.99
Shares Outstanding (M)308.35308.35308.35
Fair Value$32.21$33.69$35.22
Upside / Downside-47.88%-45.49%-43.01%

High-Yield Dividend Screener

« Prev Page 74 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
PHN.MIPharmanutra S.p.A.1.89%$1.0254.97%
002117.SZTungkong Inc.1.88%$0.2667.89%
031440.KSSHINSEGAE FOOD Inc.1.88%$899.9814.67%
1590.TWAirTAC International Group1.88%$17.9845.66%
2678.HKTexhong Textile Group Limited1.88%$0.096.21%
4112.THodogaya Chemical Co., Ltd.1.88%$42.1632.13%
4739.TITOCHU Techno-Solutions Corporation1.88%$81.1350.53%
600499.SSKeda Industrial Group Co., Ltd.1.88%$0.2634.23%
6594.TNidec Corporation1.88%$40.0525.72%
GFPT-R.BKGFPT Public Company Limited1.88%$0.2010.54%
NGI.AXNavigator Global Investments Limited1.88%$0.0619.77%
SVW.AXSeven Group Holdings Limited1.88%$0.8731.55%
002461.SZGuangzhou Zhujiang Brewery Co., Ltd1.87%$0.1740.51%
002788.SZLuyan Pharma Co.,Ltd.1.87%$0.4049.91%
600600.SSTsingtao Brewery Company Limited1.87%$1.1433.65%
600900.SSChina Yangtze Power Co., Ltd.1.87%$0.5137.99%
603238.SSHangZhou Nbond Nonwovens Co., Ltd.1.87%$0.3348.05%
6875.TMegaChips Corporation1.87%$148.1788.24%
7095.KLP.I.E. Industrial Berhad1.87%$0.0544.49%
8334.TThe Gunma Bank, Ltd.1.87%$32.3726.45%
BVB.DEBorussia Dortmund GmbH & Co. Kommanditgesellschaft auf Aktien1.87%$0.0623.76%
DNG.TODynacor Group Inc.1.87%$0.1028.25%
ICNC-UNIconic Sports Acquisition Corp.1.87%$0.2030.34%
PAZ.SNPaz Corp S.A.1.87%$14.9926.20%
002756.SZYongxing Special Materials Technology Co.,Ltd1.86%$1.0188.45%
006980.KSWoosung Co., Ltd.1.86%$299.972.95%
084110.KQHuons Global Co., Ltd.1.86%$939.2047.07%
4100.SRMakkah Construction & Development Company1.86%$1.4866.05%
603867.SSZhejiang Xinhua Chemical Co.,Ltd1.86%$0.4738.85%
6849.TNihon Kohden Corporation1.86%$31.3228.12%
9515.SRFesh Fash Snack Food Production Company1.86%$0.1824.81%
CIMSA.ISÇimsa Çimento Sanayi ve Ticaret A.S.1.86%$0.8543.17%
EGATIF.BKElectricity Generating Authority Of Thailand- North Bangkok Power Plant Block 1 Infrastructure Fund1.86%$0.1122.36%
ESNTEssent Group Ltd.1.86%$1.2117.35%
RVRC.STRVRC Holding AB (publ)1.86%$1.2044.59%
002803.SZXiamen Jihong Technology Co., Ltd.1.85%$0.3049.75%
2467.TWC Sun Mfg Ltd.1.85%$4.9998.76%
300160.SZJiangsu Xiuqiang Glasswork Co., Ltd.1.85%$0.1037.25%
600609.SSShenyang Jinbei Automotive Company Limited1.85%$0.0941.26%
601882.SSNingbo Haitian Precision Machinery Co.,Ltd.1.85%$0.3641.14%
603199.SSAnhui Jiuhuashan Tourism Development Co., Ltd.1.85%$0.6835.31%
7245.TDaido Metal Co., Ltd.1.85%$18.1630.01%
BTGB2Gold Corp.1.85%$0.0856.43%
COIC.STConcentric AB (publ)1.85%$4.2555.44%
MPCC.OLMPC Container Ships ASA1.85%$0.3256.17%
000823.SZGuangdong Goworld Co., Ltd.1.84%$0.2554.48%
0529.HKSiS International Holdings Limited1.84%$0.043.76%
0KBI.LKnorr-Bremse AG1.84%$1.7566.92%
300866.SZAnker Innovations Limited1.84%$2.1043.92%
4013.SRDr. Sulaiman Al Habib Medical Services Group Company1.84%$4.7270.08%