Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Industrial & Commercial Bank of China Ltd. (601398.SS)

Company Dividend Discount ModelIndustry: Banks - DiversifiedSector: Financial Services

Valuation Snapshot

Stable Growth$9.58 - $14.62$11.94
Multi-Stage$14.40 - $15.79$15.08
Blended Fair Value$13.51
Current Price$7.30
Upside85.07%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS8.33%5.55%0.510.490.420.380.370.340.330.300.290.30
YoY Growth--2.87%18.76%10.99%2.42%7.41%4.93%9.61%1.71%-2.38%0.79%
Dividend Yield--7.39%9.35%9.34%7.87%6.62%6.63%5.77%4.87%6.03%6.95%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)366,746.00
(-) Cash Dividends Paid (M)159,072.00
(=) Cash Retained (M)207,674.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)73,349.2045,843.2527,505.95
Cash Retained (M)207,674.00207,674.00207,674.00
(-) Cash Required (M)-73,349.20-45,843.25-27,505.95
(=) Excess Retained (M)134,324.80161,830.75180,168.05
(/) Shares Outstanding (M)348,222.20348,222.20348,222.20
(=) Excess Retained per Share0.390.460.52
LTM Dividend per Share0.460.460.46
(+) Excess Retained per Share0.390.460.52
(=) Adjusted Dividend0.840.920.97
WACC / Discount Rate8.71%8.71%8.71%
Growth Rate-0.08%0.92%1.92%
Fair Value$9.58$11.94$14.62
Upside / Downside31.19%63.53%100.30%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)366,746.00370,115.21373,515.37376,946.77380,409.69383,904.42395,421.55
Payout Ratio43.37%52.70%62.02%71.35%80.67%90.00%92.50%
Projected Dividends (M)159,072.00195,047.42231,670.42268,949.84306,894.67345,513.98365,764.93

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.71%8.71%8.71%
Growth Rate-0.08%0.92%1.92%
Year 1 PV (M)177,643.59179,421.47181,199.35
Year 2 PV (M)192,171.61196,037.42199,941.72
Year 3 PV (M)203,188.57209,350.44215,635.65
Year 4 PV (M)211,167.29219,748.61228,588.85
Year 5 PV (M)216,527.09227,581.32239,082.48
PV of Terminal Value (M)4,014,975.584,219,949.714,433,211.19
Equity Value (M)5,015,673.725,252,088.975,497,659.26
Shares Outstanding (M)348,222.20348,222.20348,222.20
Fair Value$14.40$15.08$15.79
Upside / Downside97.31%106.61%116.27%

High-Yield Dividend Screener

« Prev Page 84 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
WIIT.MIWiit S.p.A.1.49%$0.3078.75%
010130.KSKorea Zinc Company, Ltd.1.48%$19,110.0186.56%
0R3I.LScatec ASA1.48%$1.0919.46%
2445.KLKuala Lumpur Kepong Berhad1.48%$0.2939.87%
264900.KSCrown Confectionery Co., Ltd.1.48%$130.059.54%
300627.SZShanghai Huace Navigation Technology Ltd1.48%$0.5241.90%
4FY.FGrupo Financiero Inbursa, S.A.B. de C.V.1.48%$0.030.78%
601633.SSGreat Wall Motor Company Limited1.48%$0.3426.17%
605499.SSEastroc Beverage (Group) Co.,Ltd.1.48%$3.9546.92%
CHEMM.COChemoMetec A/S1.48%$10.0053.93%
LPC.VLorne Park Capital Partners Inc.1.48%$0.0358.11%
ROVI.MCLaboratorios Farmaceuticos Rovi, S.A.1.48%$0.9439.48%
002627.SZHubei Three Gorges Tourism Group Co., Ltd.1.47%$0.1183.03%
4917.TMandom Corporation1.47%$40.0189.41%
600908.SSWuxi Rural Commercial Bank Co.,Ltd1.47%$0.098.24%
603128.SSCTS International Logistics Corporation Limited1.47%$0.0931.49%
603192.SSShanghai Huide Science & Technology Co.,Ltd1.47%$0.3942.81%
605155.SSZhejiang Xidamen New Material Co.,Ltd.1.47%$0.2538.23%
6824.TNew Cosmos Electric Co.,Ltd.1.47%$60.0521.02%
MT.ASArcelorMittal S.A.1.47%$0.5917.37%
000120.KSCJ Logistics Corporation1.46%$1,384.1811.62%
001319.SZWinstech Precision Holding Co., Ltd.1.46%$0.4042.15%
002430.SZHangzhou Oxygen Plant Group Co.,Ltd.1.46%$0.4442.21%
088790.KSJindo.Co., Ltd.1.46%$29.4117.12%
138A.THikari Food Service Co Ltd1.46%$39.9330.85%
195870.KSHAESUNG DS Co., Ltd.1.46%$800.1451.39%
600475.SSWuxi Huaguang Environment & Energy Group Co.,Ltd.1.46%$0.2745.95%
603896.SSZhejiang Shouxiangu Pharmaceutical Co., Ltd.1.46%$0.2842.25%
6517.TDenyo Co., Ltd.1.46%$52.3621.56%
688269.SSKaili Catalyst & New Materials Co.,Ltd.1.46%$0.5868.32%
688777.SSZhejiang Supcon Technology Co., Ltd.1.46%$0.7268.29%
ALU10.PAU10 Corp1.46%$0.0261.68%
DESPDespegar.com, Corp.1.46%$0.2885.32%
DGI9.LDigital 9 Infrastructure PLC1.46%$0.0918.97%
FALABELLA.SNFalabella S.A.1.46%$88.3625.66%
052400.KQKona I Co.,Ltd.1.45%$683.7225.31%
138040.KSMeritz Financial Group Inc.1.45%$1,617.8612.25%
300708.SZFocus Lightings Tech Co., Ltd.1.45%$0.1349.25%
3056.TWFu Hua Innovation Co. Ltd.1.45%$0.265.02%
601116.SSSanjiang Shopping Club Co.,Ltd1.45%$0.2080.56%
603089.SSADD Industry (Zhejiang) Co. Ltd.1.45%$0.1828.19%
9523.SRGroup Five Pipe Saudi Ltd.1.45%$0.508.57%
BBIK.BKBluebik Group Public Company Limited1.45%$0.2213.18%
EXO.ASExor N.V.1.45%$1.051.36%
PNVL3.SADimed S.A. Distribuidora de Medicamentos1.45%$0.1823.28%
SIGSignet Jewelers Limited1.45%$1.2535.52%
URB-A.CNUrbana Corporation1.45%$0.135.63%
002242.SZJoyoung Co.,Ltd1.44%$0.1577.40%
009070.KSKCTC Co. Ltd1.44%$88.4912.75%
012320.KSKyungdong Invest Co., Ltd1.44%$760.237.07%