Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

China Resources Beer (Holdings) Company Limited (0291.HK)

Company Dividend Discount ModelIndustry: Beverages - AlcoholicSector: Consumer Defensive

Valuation Snapshot

Stable Growth$56.04 - $129.19$81.90
Multi-Stage$41.05 - $44.78$42.88
Blended Fair Value$62.39
Current Price$22.81
Upside173.52%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS47.18%28.40%1.040.590.540.390.170.150.180.170.003.62
YoY Growth--75.98%9.89%35.75%128.34%15.20%-17.57%5.21%0.00%-100.00%4,152.90%
Dividend Yield--4.37%2.07%1.11%0.76%0.29%0.39%0.76%0.74%0.00%23.77%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)8,812.57
(-) Cash Dividends Paid (M)3,838.89
(=) Cash Retained (M)4,973.68
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1,762.511,101.57660.94
Cash Retained (M)4,973.684,973.684,973.68
(-) Cash Required (M)-1,762.51-1,101.57-660.94
(=) Excess Retained (M)3,211.173,872.114,312.74
(/) Shares Outstanding (M)3,244.183,244.183,244.18
(=) Excess Retained per Share0.991.191.33
LTM Dividend per Share1.181.181.18
(+) Excess Retained per Share0.991.191.33
(=) Adjusted Dividend2.172.382.51
WACC / Discount Rate9.59%9.59%9.59%
Growth Rate5.50%6.50%7.50%
Fair Value$56.04$81.90$129.19
Upside / Downside145.70%259.05%466.38%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)8,812.579,385.399,995.4410,645.1411,337.0812,073.9912,436.21
Payout Ratio43.56%52.85%62.14%71.42%80.71%90.00%92.50%
Projected Dividends (M)3,838.894,960.116,210.867,603.259,150.4210,866.5911,503.49

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.59%9.59%9.59%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)4,483.534,526.024,568.52
Year 2 PV (M)5,074.695,171.345,268.91
Year 3 PV (M)5,615.465,776.665,940.92
Year 4 PV (M)6,108.806,343.736,585.37
Year 5 PV (M)6,557.486,874.217,203.06
PV of Terminal Value (M)105,325.85110,413.13115,695.11
Equity Value (M)133,165.80139,105.09145,261.89
Shares Outstanding (M)3,244.183,244.183,244.18
Fair Value$41.05$42.88$44.78
Upside / Downside79.95%87.98%96.30%

High-Yield Dividend Screener

« Prev Page 81 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
003003.SZGuangdong Tengen Industrial Group Co.,Ltd.1.60%$0.2158.54%
3026.KLDutch Lady Milk Industries Berhad1.60%$0.5028.77%
4380.TM - mart Inc.1.60%$20.8626.17%
5878.KLKPJ Healthcare Berhad1.60%$0.0454.29%
BUAH.JKPT Segar Kumala Indonesia Tbk1.60%$10.5034.44%
CBTT-B.STChristian Berner Tech Trade AB (publ)1.60%$0.6024.79%
SEER3.SASer Educacional S.A.1.60%$0.1517.88%
SPNSSapiens International Corporation N.V.1.60%$0.7061.01%
000963.SZHuadong Medicine Co., Ltd1.59%$0.6329.78%
002560.SZHenan Tong-Da Cable Co., Ltd.1.59%$0.1698.75%
002942.SZZhejiang XinNong Chemical Co.,Ltd.1.59%$0.3153.92%
016590.KSShindaeyang Paper Co., Ltd.1.59%$202.4828.25%
0J7X.LMBB SE1.59%$3.3332.74%
300957.SZYunnan Botanee Bio-Technology Group Co.LTD1.59%$0.6373.46%
366030.KQ09WOMEN Co., Ltd.1.59%$90.0829.50%
4736.TNippon RAD Inc.1.59%$9.9013.56%
600487.SSHengtong Optic-Electric Co., Ltd.1.59%$0.3933.97%
6201.TToyota Industries Corporation1.59%$283.1141.29%
688129.SSDonglai Coating Technology (Shanghai) Co., Ltd.1.59%$0.3241.19%
688312.SSShenzhen Yanmade Technology Inc.1.59%$0.5361.22%
688569.SSBeijing Tieke Shougang Rail Way-Tech Co., Ltd.1.59%$0.3543.76%
9324.TYasuda Logistics Corporation1.59%$34.9731.59%
ASSA-B.STASSA ABLOY AB (publ)1.59%$5.6642.81%
BEI-UN.TOBoardwalk Real Estate Investment Trust1.59%$1.0317.62%
DEPO.JKPT Caturkarda Depo Bangunan Tbk1.59%$4.2032.09%
DSNG.JKPT Dharma Satya Nusantara Tbk1.59%$24.0015.91%
F9D.SIBoustead Singapore Limited1.59%$0.0314.46%
OZL.AXOZ Minerals Limited1.59%$0.4555.76%
000920.SZVontron Technology Co., Ltd.1.58%$0.2038.51%
000960.SZYunnan Tin Company Limited1.58%$0.4438.02%
002340.SZGEM Co., Ltd.1.58%$0.1355.09%
300015.SZAier Eye Hospital Group Co., Ltd.1.58%$0.1749.80%
3925.TDouble Standard Inc.1.58%$27.4225.04%
4721.TWOMechema Chemicals International Corp.1.58%$1.1041.13%
603082.SSRIAMB (Beijing) Tech Dvlp Co1.58%$0.5857.18%
603289.SSZhejiang Tederic Machinery Co., Ltd.1.58%$0.1644.78%
603332.SSSuzhou Longjie Special Fiber Co., Ltd.1.58%$0.2287.52%
603993.SSCMOC Group Limited1.58%$0.3234.49%
7555.TOta Floriculture Auction Co.,Ltd.1.58%$11.8147.37%
ALPHA.ATAlpha Bank S.A.1.58%$0.0615.49%
OTP.BDOTP Bank Nyrt.1.58%$554.0413.23%
002550.SZChangzhou Qianhong Biopharma CO.,LTD1.57%$0.1235.18%
033530.KSSjg Sejong Co. Ltd.1.57%$162.926.60%
056190.KQSFA Engineering Corporation1.57%$380.3551.85%
300035.SZHunan Zhongke Electric Co., Ltd.1.57%$0.3343.86%
AGOAssured Guaranty Ltd.1.57%$1.4017.16%
CJA.FAlimentation Couche-Tard Inc.1.57%$0.5520.13%
MNIT.BKMFC-Nichada Thani Property Fund 21.57%$0.0321.78%
000573.SZDongGuan Winnerway Industry Zone Ltd.1.56%$0.0663.16%
000958.SZSPIC Industry-Finance Holdings Co., Ltd.1.56%$0.1060.59%