Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

Changjiang Securities Company Limited (000783.SZ)

Company Dividend Discount ModelIndustry: Financial - Capital MarketsSector: Financial Services

Valuation Snapshot

Stable Growth$24.69 - $129.52$49.49
Multi-Stage$16.74 - $18.32$17.52
Blended Fair Value$33.50
Current Price$8.30
Upside303.65%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS16.74%12.51%0.390.370.550.410.370.180.450.360.470.20
YoY Growth--6.10%-32.94%34.03%11.38%104.15%-60.25%26.66%-23.52%132.74%67.22%
Dividend Yield--6.13%6.50%9.81%6.54%5.18%2.81%5.86%4.92%4.76%1.95%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)3,773.66
(-) Cash Dividends Paid (M)1,659.54
(=) Cash Retained (M)2,114.12
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)754.73471.71283.02
Cash Retained (M)2,114.122,114.122,114.12
(-) Cash Required (M)-754.73-471.71-283.02
(=) Excess Retained (M)1,359.381,642.411,831.09
(/) Shares Outstanding (M)5,748.415,748.415,748.41
(=) Excess Retained per Share0.240.290.32
LTM Dividend per Share0.290.290.29
(+) Excess Retained per Share0.240.290.32
(=) Adjusted Dividend0.530.570.61
WACC / Discount Rate6.87%6.87%6.87%
Growth Rate4.64%5.64%6.64%
Fair Value$24.69$49.49$129.52
Upside / Downside197.43%496.25%1,460.44%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)3,773.663,986.664,211.674,449.394,700.534,965.845,114.81
Payout Ratio43.98%53.18%62.39%71.59%80.80%90.00%92.50%
Projected Dividends (M)1,659.542,120.172,627.503,185.353,797.814,469.254,731.20

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.87%6.87%6.87%
Growth Rate4.64%5.64%6.64%
Year 1 PV (M)1,965.091,983.872,002.65
Year 2 PV (M)2,257.182,300.532,344.29
Year 3 PV (M)2,536.262,609.662,684.48
Year 4 PV (M)2,802.722,911.403,023.21
Year 5 PV (M)3,056.993,205.873,360.50
PV of Terminal Value (M)83,611.6987,683.8291,913.09
Equity Value (M)96,229.93100,695.16105,328.22
Shares Outstanding (M)5,748.415,748.415,748.41
Fair Value$16.74$17.52$18.32
Upside / Downside101.69%111.05%120.76%

High-Yield Dividend Screener

« Prev Page 8 of 30 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
ACICAmerican Coastal Insurance Corporation4.24%$0.4828.28%
NCDLNuveen Churchill Direct Lending Corp.4.24%$0.5730.88%
ESEversource Energy4.23%$2.8879.84%
ISBCInvestors Bancorp, Inc.4.21%$0.5844.24%
KMIKinder Morgan, Inc.4.21%$1.1795.05%
PWODPenns Woods Bancorp, Inc.4.17%$1.2545.44%
DDSDillard's, Inc.4.16%$26.5071.17%
RLIRLI Corp.4.16%$2.6067.96%
TFCTruist Financial Corporation4.16%$2.0753.19%
RMBIRichmond Mutual Bancorporation, Inc.4.15%$0.5854.33%
PRPermian Resources Corporation4.14%$0.6052.90%
RILYTB. Riley Financial, Inc. 6.00% Senior Notes Due 20284.13%$0.5856.91%
DGICADonegal Group Inc.4.12%$0.8028.85%
AUBNAuburn National Bancorporation, Inc.4.11%$1.0876.62%
FHBFirst Hawaiian, Inc.4.11%$1.0650.97%
PORPortland General Electric Company4.09%$1.9872.28%
NEWTLNewtek Business Services Corp.4.08%$1.0244.14%
NEWTGNewtekOne, Inc. 8.50% Fixed Rate Senior Notes due 20294.06%$1.0244.14%
NEWTZNewtek Business Services Corp. 5.50% Notes Due 20264.05%$1.0244.14%
LKQLKQ Corporation4.04%$1.2144.76%
NWENorthwestern Energy Group Inc4.04%$2.6274.07%
PXDPioneer Natural Resources Company4.00%$10.8054.25%
HAFCHanmi Financial Corporation3.99%$1.0744.22%
KSSKohl's Corporation3.99%$0.8550.52%
APAAPA Corporation3.98%$1.0124.12%
NWNNorthwest Natural Holding Company3.98%$1.8676.25%
HFWAHeritage Financial Corporation3.97%$0.9456.54%
WSBCWesBanco, Inc.3.97%$1.3265.39%
FULTFulton Financial Corporation3.96%$0.7739.22%
REYNReynolds Consumer Products Inc.3.96%$0.9163.16%
MSMMSC Industrial Direct Co., Inc.3.95%$3.3995.14%
RF-PFRegions Financial Corporation3.95%$1.0141.98%
NEWTINewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 20283.94%$0.9942.24%
BOHBank of Hawaii Corporation3.93%$2.6958.42%
DCOMDime Community Bancshares, Inc.3.93%$1.1786.59%
OGEOGE Energy Corp.3.93%$1.6967.72%
ASIEXMultisector Income Fund - Investor Class3.92%$0.3596.64%
ESSEssex Property Trust, Inc.3.90%$10.0376.31%
WABCWestamerica Bancorporation3.90%$1.8639.32%
NJRNew Jersey Resources Corporation3.88%$1.7853.65%
XHRXenia Hotels & Resorts, Inc.3.88%$0.5693.99%
ARTNAArtesian Resources Corporation3.87%$1.2255.68%
FFBCFirst Financial Bancorp.3.87%$0.9738.17%
PNWPinnacle West Capital Corporation3.87%$3.4169.92%
UEUrban Edge Properties3.87%$0.7482.23%
NECBNortheast Community Bancorp, Inc.3.86%$0.8827.20%
SCSCXTouchstone Large Cap Focused Fund Class C3.86%$2.8037.43%
BBWIBath & Body Works, Inc.3.85%$0.8024.18%
BHBBar Harbor Bankshares3.85%$1.2054.11%
UGIUGI Corporation3.85%$1.4547.35%