Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Nongfu Spring Co., Ltd. (9633.HK)

Company Dividend Discount ModelIndustry: Beverages - Non-AlcoholicSector: Consumer Defensive

Valuation Snapshot

Stable Growth$15.97 - $22.86$19.35
Multi-Stage$26.54 - $29.07$27.78
Blended Fair Value$23.56
Current Price$36.58
Upside-35.59%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR20242023202220212020201920182017
DPS-2.55%0.00%0.750.680.450.170.710.850.040.030.000.00
YoY Growth--10.31%51.14%164.61%-76.04%-16.86%1,976.50%25.87%0.00%0.00%0.00%
Dividend Yield--2.35%1.70%1.16%0.41%1.54%2.89%0.14%0.12%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)26,049.46
(-) Cash Dividends Paid (M)16,081.16
(=) Cash Retained (M)9,968.30
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)5,209.893,256.181,953.71
Cash Retained (M)9,968.309,968.309,968.30
(-) Cash Required (M)-5,209.89-3,256.18-1,953.71
(=) Excess Retained (M)4,758.416,712.128,014.59
(/) Shares Outstanding (M)11,246.4711,246.4711,246.47
(=) Excess Retained per Share0.420.600.71
LTM Dividend per Share1.431.431.43
(+) Excess Retained per Share0.420.600.71
(=) Adjusted Dividend1.852.032.14
WACC / Discount Rate9.37%9.37%9.37%
Growth Rate-2.00%-1.00%0.00%
Fair Value$15.97$19.35$22.86
Upside / Downside-56.34%-47.11%-37.50%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)26,049.4625,788.9725,531.0825,275.7725,023.0124,772.7825,515.96
Payout Ratio61.73%67.39%73.04%78.69%84.35%90.00%92.50%
Projected Dividends (M)16,081.1617,378.3018,647.8819,890.3321,106.0722,295.5023,602.27

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.37%9.37%9.37%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)15,728.8315,889.3216,049.82
Year 2 PV (M)15,275.9315,589.2815,905.80
Year 3 PV (M)14,747.2015,203.2615,668.64
Year 4 PV (M)14,163.2814,750.2815,355.35
Year 5 PV (M)13,541.3814,246.5114,980.72
PV of Terminal Value (M)225,008.87236,725.61248,925.43
Equity Value (M)298,465.49312,404.27326,885.76
Shares Outstanding (M)11,246.4711,246.4711,246.47
Fair Value$26.54$27.78$29.07
Upside / Downside-27.45%-24.06%-20.54%

High-Yield Dividend Screener

« Prev Page 91 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
9104.TMitsui O.S.K. Lines, Ltd.1.23%$57.816.75%
BATR.JKBenteng Api Technic Tbk.1.23%$1.4036.27%
PAAL-B.COPer Aarsleff Holding A/S1.23%$10.7225.18%
000715.SZZhongxing Shenyang Commercial Building Group Co.,Ltd1.22%$0.0836.61%
002130.SZShenZhen Woer Heat-Shrinkable Material Co.,Ltd.1.22%$0.3239.58%
0133.HKChina Merchants China Direct Investments Limited1.22%$0.1914.27%
0564.HKZCZL Industrial Technology Group Company Limited Class H1.22%$0.2610.61%
0GMG.LAddnode Group AB (publ)1.22%$1.1440.63%
2376.HKLushang Life Services Co., Ltd.1.22%$0.036.51%
300251.SZBeijing Enlight Media Co., Ltd.1.22%$0.2026.99%
300263.SZLonghua Technology Group Co.,Ltd.1.22%$0.1161.13%
301132.SZJi'an Mankun Technology Co., Ltd.1.22%$0.4144.02%
600983.SSWhirlpool China Co., Ltd.1.22%$0.1219.14%
601799.SSChangzhou Xingyu Automotive Lighting Systems Co.,Ltd.1.22%$1.5027.12%
TFBANK.STTF Bank AB (publ)1.22%$1.9717.64%
TOTS3.SATotvs S.a.1.22%$0.5036.80%
003017.SZZhejiang Dayang Biology Technology Co.,Ltd.1.21%$0.3632.30%
003028.SZGenbyte Technology Inc.1.21%$0.3635.28%
086450.KQDongKook Pharmaceutical Co., Ltd.1.21%$206.6315.20%
300003.SZLepu Medical Technology (Beijing) Co., Ltd.1.21%$0.1983.02%
3648.TAGS Corporation1.21%$15.9116.60%
3687.TFixstars Corporation1.21%$18.9128.89%
600222.SSHenan Taloph Pharmaceutical Stock Co.,Ltd1.21%$0.0893.49%
600378.SSHaohua Chemical Science & Technology Corp., Ltd.1.21%$0.3934.67%
600575.SSHuaihe Energy (Group) Co.,Ltd1.21%$0.0420.84%
601101.SSBeijing Haohua Energy Resource Co., Ltd.1.21%$0.0926.44%
601198.SSDongxing Securities Corporation Limited1.21%$0.1724.60%
6944.TWOMega Union Technology Inc.1.21%$8.4522.42%
ERFEnerplus Corporation1.21%$0.2412.97%
GYLD-A.COGyldendal A/S1.21%$20.0044.02%
002007.SZHualan Biological Engineering Inc.1.20%$0.1835.04%
002140.KSKorea Industrial Co., Ltd.1.20%$30.037.91%
002185.SZTianshui Huatian Technology Co., Ltd.1.20%$0.1353.46%
002273.SZZhejiang Crystal-Optech Co., Ltd1.20%$0.3036.00%
002315.SZFocus Technology Co., Ltd.1.20%$0.5534.23%
002516.SZKuangda Technology Group Co., Ltd.1.20%$0.0865.15%
002534.SZXizi Clean Energy Equipment Manufacturing Co.,ltd.1.20%$0.2087.30%
0425.HKMinth Group Limited1.20%$0.409.99%
2630.TWAir Asia Co., Ltd.1.20%$0.6260.94%
2802.TAjinomoto Co., Inc.1.20%$39.9250.21%
300562.SZGuangdong Transtek Medical Electronics Co., Ltd1.20%$0.1645.17%
603680.SSKTK Group Co., Ltd.1.20%$0.1828.61%
6078.HKHygeia Healthcare Holdings Co., Limited1.20%$0.158.82%
BYGGP.STByggPartner Gruppen AB (publ)1.20%$0.5021.08%
GFH.AEGFH Financial Group BSC1.20%$0.0377.14%
NDA.DEAurubis AG1.20%$1.5112.24%
002171.SZAnhui Truchum Advanced Materials and Technology Co., Ltd.1.19%$0.1642.58%
002241.SZGoertek Inc.1.19%$0.3440.79%
002752.SZSunrise Group Company Limited1.19%$0.0826.12%
002893.SZBeijing Jingneng Thermal Co. Ltd. Class A1.19%$0.1342.82%