Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Shenzhen Inovance Technology Co.,Ltd (300124.SZ)

Company Dividend Discount ModelIndustry: Electrical Equipment & PartsSector: Industrials

Valuation Snapshot

Stable Growth$325.46 - $383.44$359.34
Multi-Stage$221.94 - $243.58$232.56
Blended Fair Value$295.95
Current Price$83.82
Upside253.08%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS27.44%13.04%0.490.420.330.250.140.150.190.180.150.15
YoY Growth--18.15%25.47%34.23%80.82%-6.58%-23.11%8.08%19.36%1.50%0.68%
Dividend Yield--0.72%0.68%0.47%0.43%0.24%0.85%0.99%0.75%1.01%1.14%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)5,185.80
(-) Cash Dividends Paid (M)1,205.49
(=) Cash Retained (M)3,980.30
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1,037.16648.22388.93
Cash Retained (M)3,980.303,980.303,980.30
(-) Cash Required (M)-1,037.16-648.22-388.93
(=) Excess Retained (M)2,943.153,332.083,591.37
(/) Shares Outstanding (M)2,689.652,689.652,689.65
(=) Excess Retained per Share1.091.241.34
LTM Dividend per Share0.450.450.45
(+) Excess Retained per Share1.091.241.34
(=) Adjusted Dividend1.541.691.78
WACC / Discount Rate2.22%2.22%2.22%
Growth Rate5.50%6.50%7.50%
Fair Value$325.46$359.34$383.44
Upside / Downside288.28%328.71%357.46%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)5,185.805,522.875,881.866,264.186,671.357,104.997,318.14
Payout Ratio23.25%36.60%49.95%63.30%76.65%90.00%92.50%
Projected Dividends (M)1,205.492,021.202,937.853,965.135,113.546,394.496,769.28

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate2.22%2.22%2.22%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)1,958.771,977.331,995.90
Year 2 PV (M)2,759.162,811.722,864.77
Year 3 PV (M)3,608.943,712.543,818.10
Year 4 PV (M)4,510.434,683.884,862.30
Year 5 PV (M)5,466.085,730.096,004.21
PV of Terminal Value (M)578,645.42606,594.21635,612.67
Equity Value (M)596,948.79625,509.78655,157.94
Shares Outstanding (M)2,689.652,689.652,689.65
Fair Value$221.94$232.56$243.58
Upside / Downside164.79%177.45%190.60%

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%