Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Novoray Corporation (688300.SS)

Company Dividend Discount ModelIndustry: Chemicals - SpecialtySector: Basic Materials

Valuation Snapshot

Stable Growth$157.41 - $266.87$250.09
Multi-Stage$42.78 - $46.84$44.77
Blended Fair Value$147.43
Current Price$62.10
Upside137.41%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS41.08%29.79%0.440.270.240.200.200.080.070.070.020.03
YoY Growth--66.20%9.35%21.60%-0.20%153.41%16.18%3.94%179.59%-10.70%-19.53%
Dividend Yield--1.00%0.80%0.70%0.67%1.11%0.49%0.44%0.42%0.15%0.17%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)286.52
(-) Cash Dividends Paid (M)93.14
(=) Cash Retained (M)193.38
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)57.3035.8221.49
Cash Retained (M)193.38193.38193.38
(-) Cash Required (M)-57.30-35.82-21.49
(=) Excess Retained (M)136.07157.56171.89
(/) Shares Outstanding (M)213.52213.52213.52
(=) Excess Retained per Share0.640.740.81
LTM Dividend per Share0.440.440.44
(+) Excess Retained per Share0.640.740.81
(=) Adjusted Dividend1.071.171.24
WACC / Discount Rate6.22%6.22%6.22%
Growth Rate5.50%6.50%7.50%
Fair Value$157.41$250.09$266.87
Upside / Downside153.48%302.73%329.74%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)286.52305.15324.98346.11368.60392.56404.34
Payout Ratio32.51%44.01%55.51%67.00%78.50%90.00%92.50%
Projected Dividends (M)93.14134.29180.38231.90289.36353.31374.01

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.22%6.22%6.22%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)125.24126.42127.61
Year 2 PV (M)156.89159.88162.89
Year 3 PV (M)188.11193.51199.01
Year 4 PV (M)218.89227.31235.97
Year 5 PV (M)249.26261.29273.79
PV of Terminal Value (M)8,195.868,591.729,002.73
Equity Value (M)9,134.239,560.1310,002.01
Shares Outstanding (M)213.52213.52213.52
Fair Value$42.78$44.77$46.84
Upside / Downside-31.11%-27.90%-24.57%

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%