Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Centre Testing International Group Co. Ltd. (300012.SZ)

Company Dividend Discount ModelIndustry: Consulting ServicesSector: Industrials

Valuation Snapshot

Stable Growth$7.39 - $12.38$9.58
Multi-Stage$5.91 - $6.45$6.17
Blended Fair Value$7.88
Current Price$12.86
Upside-38.76%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS20.28%15.48%0.100.060.060.040.040.040.050.030.030.03
YoY Growth--59.34%1.87%68.13%-6.94%-0.89%-12.13%31.04%21.59%12.05%6.83%
Dividend Yield--0.78%0.48%0.30%0.19%0.14%0.26%0.51%0.68%0.60%0.49%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)986.61
(-) Cash Dividends Paid (M)168.86
(=) Cash Retained (M)817.76
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)197.32123.3374.00
Cash Retained (M)817.76817.76817.76
(-) Cash Required (M)-197.32-123.33-74.00
(=) Excess Retained (M)620.43694.43743.76
(/) Shares Outstanding (M)1,675.881,675.881,675.88
(=) Excess Retained per Share0.370.410.44
LTM Dividend per Share0.100.100.10
(+) Excess Retained per Share0.370.410.44
(=) Adjusted Dividend0.470.520.54
WACC / Discount Rate12.23%12.23%12.23%
Growth Rate5.50%6.50%7.50%
Fair Value$7.39$9.58$12.38
Upside / Downside-42.57%-25.52%-3.72%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)986.611,050.741,119.041,191.781,269.251,351.751,392.30
Payout Ratio17.11%31.69%46.27%60.85%75.42%90.00%92.50%
Projected Dividends (M)168.86333.00517.77725.15957.301,216.571,287.88

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate12.23%12.23%12.23%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)293.93296.72299.50
Year 2 PV (M)403.40411.09418.84
Year 3 PV (M)498.69513.01527.60
Year 4 PV (M)581.11603.46626.44
Year 5 PV (M)651.85683.33716.02
PV of Terminal Value (M)7,477.867,839.058,214.05
Equity Value (M)9,906.8510,346.6510,802.46
Shares Outstanding (M)1,675.881,675.881,675.88
Fair Value$5.91$6.17$6.45
Upside / Downside-54.03%-51.99%-49.88%

High-Yield Dividend Screener

« Prev Page 8 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
035810.KQEASY HOLDINGS Co., Ltd.9.64%$435.2887.39%
0623.HKSinoMedia Holding Limited9.64%$0.1944.98%
ITSA3.SAItaúsa S.A.9.64%$1.1780.68%
MFG.AXMagellan Financial Group Limited9.64%$0.9634.94%
PMTA.BKPM Thoresen Asia Holdings Public Company Limited9.64%$0.9860.98%
2989.TTokaido REIT, Inc.9.63%$11,143.4889.54%
SBMO.ASSBM Offshore N.V.9.63%$2.3853.44%
0576.HKZhejiang Expressway Co., Ltd.9.62%$0.6974.90%
INVEST.HEInvestors House Oyj9.62%$0.3663.41%
MFEC.BKMFEC Public Company Limited9.62%$0.5094.79%
PIKK.MEPJSC PIK-specialized homebuilder9.61%$45.9431.14%
6868.HKTenfu (Cayman) Holdings Company Limited9.60%$0.2693.07%
601077.SSChongqing Rural Commercial Bank Co., Ltd.9.58%$0.6286.18%
SIQ.AXSmartgroup Corporation Ltd9.58%$0.8777.09%
5012.KLTa Ann Holdings Berhad9.57%$0.4093.61%
PAC.AXPacific Current Group Limited9.57%$0.9623.44%
MTO.AXMotorCycle Holdings Limited9.56%$0.3068.86%
HME.VHemisphere Energy Corporation9.55%$0.1957.92%
0382.HKEdvantage Group Holdings Limited9.54%$0.1412.43%
0OQQ.LInfotel S.A.9.54%$4.0386.81%
VIE.PAVeolia Environnement S.A.9.53%$2.8797.23%
0QJX.LEFG International AG9.52%$1.8196.44%
601998.SSChina CITIC Bank Corporation Limited9.51%$0.7368.88%
0752.HKPico Far East Holdings Limited9.50%$0.2545.55%
MRN.PAMersen S.A.9.50%$2.3045.40%
MTS.AXMetcash Limited9.50%$0.3164.02%
SYNE3.SASYN prop e tech S.A.9.50%$0.4659.20%
TEXF.BRTexaf S.A.9.50%$3.4063.35%
601997.SSBank of Guiyang Co.,Ltd.9.49%$0.5639.86%
WMA.AXWam Alternative Assets Limited9.49%$0.109.12%
0135.HKKunlun Energy Company Limited9.48%$0.7052.47%
SC-R.BKSC Asset Corporation Public Company Limited9.47%$0.1648.63%
0DLI.LAcomo N.V.9.45%$2.4067.74%
AFYAAfya Limited9.45%$1.4117.69%
BBRI.JKPT Bank Rakyat Indonesia (Persero) Tbk9.44%$343.6092.61%
TEKA.BKTeka Construction Public Company Limited9.44%$0.1696.55%
8964.TFrontier Real Estate Investment Corporation9.39%$8,736.6196.39%
ALLA.BKAlla Public Company Limited9.39%$0.1177.39%
4333.SRTaleem REIT Fund9.38%$0.9670.19%
SHL.AXSonic Healthcare Limited9.38%$2.1198.90%
TQM-R.BKTQM Alpha Public Company Limited9.37%$1.0882.74%
0882.HKTianjin Development Holdings Limited9.36%$0.2321.27%
0O84.LDNB Bank ASA9.36%$17.5255.97%
4339.SRDerayah Financial - Derayah Reit Fund9.36%$0.4982.63%
601390.SSChina Railway Group Limited9.35%$0.5150.32%
CPACopa Holdings, S.A.9.35%$11.3970.44%
BRSR3.SABanco do Estado do Rio Grande do Sul S.A.9.34%$1.5649.87%
RET.BRRetail Estates N.V.9.34%$5.9746.68%
0265.HKGangyu Smart Urban Services Holdings Limited9.33%$0.1868.15%
KGKC.MEPJSC Kurgan Generation Company9.33%$4.0370.77%