Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Zhejiang Songyuan Automotive Safety Systems Co.,Ltd. (300893.SZ)

Company Dividend Discount ModelIndustry: Auto - PartsSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$181.52 - $213.86$200.42
Multi-Stage$137.04 - $150.42$143.61
Blended Fair Value$172.01
Current Price$28.50
Upside503.55%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR202420232022202120202019201820172016
DPS9.55%0.00%0.200.110.120.180.070.130.160.090.160.00
YoY Growth--76.03%-3.24%-37.02%153.55%-41.98%-19.72%64.43%-39.82%0.00%0.00%
Dividend Yield--0.81%0.53%0.66%1.58%0.69%0.96%1.19%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)332.73
(-) Cash Dividends Paid (M)57.73
(=) Cash Retained (M)274.99
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)66.5541.5924.95
Cash Retained (M)274.99274.99274.99
(-) Cash Required (M)-66.55-41.59-24.95
(=) Excess Retained (M)208.45233.40250.04
(/) Shares Outstanding (M)309.42309.42309.42
(=) Excess Retained per Share0.670.750.81
LTM Dividend per Share0.190.190.19
(+) Excess Retained per Share0.670.750.81
(=) Adjusted Dividend0.860.940.99
WACC / Discount Rate0.12%0.12%0.12%
Growth Rate5.50%6.50%7.50%
Fair Value$181.52$200.42$213.86
Upside / Downside536.90%603.22%650.38%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)332.73354.36377.39401.92428.04455.87469.54
Payout Ratio17.35%31.88%46.41%60.94%75.47%90.00%92.50%
Projected Dividends (M)57.73112.97175.15244.93323.05410.28434.33

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate0.12%0.12%0.12%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)111.78112.84113.90
Year 2 PV (M)171.46174.73178.03
Year 3 PV (M)237.24244.05250.99
Year 4 PV (M)309.60321.50333.75
Year 5 PV (M)389.04407.83427.34
PV of Terminal Value (M)41,184.0243,173.2245,238.56
Equity Value (M)42,403.1444,434.1746,542.56
Shares Outstanding (M)309.42309.42309.42
Fair Value$137.04$143.61$150.42
Upside / Downside380.85%403.88%427.79%

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%