Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Canadian High Income Equity Fund (CIQ-UN.TO)

Company Dividend Discount ModelIndustry: Asset Management - IncomeSector: Financial Services

Valuation Snapshot

Stable Growth$9.67 - $12.40$11.13
Multi-Stage$29.08 - $32.60$30.80
Blended Fair Value$20.97
Current Price$6.53
Upside221.07%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2023202220212020201920182017201620152014
DPS-17.73%-19.97%0.460.510.620.780.991.221.462.313.363.66
YoY Growth---10.56%-17.18%-20.53%-21.68%-18.25%-16.51%-36.82%-31.46%-8.07%-13.94%
Dividend Yield--7.02%7.48%7.89%11.00%13.05%17.40%15.47%23.87%41.54%36.82%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)4.92
(-) Cash Dividends Paid (M)1.19
(=) Cash Retained (M)3.72
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)0.980.610.37
Cash Retained (M)3.723.723.72
(-) Cash Required (M)-0.98-0.61-0.37
(=) Excess Retained (M)2.743.113.36
(/) Shares Outstanding (M)1.231.231.23
(=) Excess Retained per Share2.232.532.73
LTM Dividend per Share0.970.970.97
(+) Excess Retained per Share2.232.532.73
(=) Adjusted Dividend3.203.503.70
WACC / Discount Rate6.82%6.82%6.82%
Growth Rate-19.73%-18.73%-17.73%
Fair Value$9.67$11.13$12.40
Upside / Downside48.16%70.49%89.88%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)4.924.003.252.642.151.741.80
Payout Ratio24.28%37.43%50.57%63.71%76.86%90.00%92.50%
Projected Dividends (M)1.191.501.641.681.651.571.66

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.82%6.82%6.82%
Growth Rate-19.73%-18.73%-17.73%
Year 1 PV (M)1.381.401.42
Year 2 PV (M)1.401.441.48
Year 3 PV (M)1.331.381.43
Year 4 PV (M)1.211.271.33
Year 5 PV (M)1.061.131.20
PV of Terminal Value (M)29.3931.2633.23
Equity Value (M)35.7737.8840.09
Shares Outstanding (M)1.231.231.23
Fair Value$29.08$30.80$32.60
Upside / Downside345.41%371.66%399.18%

High-Yield Dividend Screener

« Prev Page 92 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
025860.KSNamhae Chemical Corporation1.19%$80.0414.89%
1811.HKCGN New Energy Holdings Co., Ltd.1.19%$0.0326.78%
2834.TWTaiwan Business Bank, Ltd.1.19%$0.1915.08%
300228.SZZhangjiagang Furui Special Equipment Co., Ltd.1.19%$0.1226.55%
301603.SZJirfine Intelligent Equipment Co Ltd1.19%$0.9032.78%
CBChubb Limited1.19%$3.6915.38%
CEU.TOCES Energy Solutions Corp.1.19%$0.1518.25%
DMR.BODMR Engineering Limited1.19%$0.543.40%
NVGSNavigator Holdings Ltd.1.19%$0.2113.24%
000811.SZMoon Environment Technology Co.,Ltd.1.18%$0.2237.00%
002394.SZJiangsu Lianfa Textile Co.,Ltd1.18%$0.1918.15%
0N5I.Ladesso SE1.18%$1.0353.71%
300446.SZAerospace Intelligent Manufacturing Technology Co., Ltd.1.18%$0.3028.00%
300685.SZAmoy Diagnostics Co., Ltd.1.18%$0.2432.27%
4733.TOBIC Business Consultants Co., Ltd.1.18%$100.0244.69%
600839.SSSichuan Changhong Electric Co.,Ltd.1.18%$0.1136.18%
603708.SSJiajiayue Group Co., Ltd.1.18%$0.1457.83%
IDUN-B.STIdun Industrier AB (publ)1.18%$4.0996.91%
000821.SZJ.S. Corrugating Machinery Co., Ltd.1.17%$0.1635.09%
000938.SZUnisplendour Corporation Limited1.17%$0.2958.81%
002454.SZSongz Automobile Air Conditioning Co., Ltd.1.17%$0.1030.68%
002675.SZYantai Dongcheng Pharmaceutical Group Co.,Ltd.1.17%$0.1679.89%
200670.KQHumedix Co., Ltd.1.17%$480.838.97%
600380.SSJoincare Pharmaceutical Group Industry Co.,Ltd.1.17%$0.1418.16%
603687.SSZhejiang Great Shengda Packaging Co.,Ltd.1.17%$0.1152.97%
603868.SSShanghai Flyco Electrical Appliance Co., Ltd.1.17%$0.5149.15%
605020.SSZhejiang Yonghe Refrigerant Co., Ltd.1.17%$0.3228.04%
6895.TWOWave Power Technology Inc.1.17%$2.3059.81%
7583.TWOInternational Ocean Group1.17%$0.8213.23%
ENGCON-B.STengcon AB (publ)1.17%$0.9766.07%
KGX.DEKion Group AG1.17%$0.8239.55%
KTMS.BKKt Medical Service Public Company Limited1.17%$0.0217.07%
ORI-R.BKOrigin Property Public Company Limited1.17%$0.029.09%
TIH.TOToromont Industries Ltd.1.17%$1.9632.92%
000407.SZShandong Shengli Co., Ltd.1.16%$0.0640.12%
001318.SZJiangxi Sunshine Dairy Co., Ltd.1.16%$0.1843.68%
002696.SZBaiyang Investment Group, Inc.1.16%$0.0852.38%
002825.SZShanghai NAR Industrial Co., Ltd1.16%$0.1327.19%
002947.SZSuzhou Hengmingda Electronic Technology Co., Ltd.1.16%$0.6027.09%
009450.KSKyung Dong Navien Co., Ltd.1.16%$650.007.73%
075580.KSSejin Heavy Industries Co., Ltd.1.16%$199.3628.86%
0R15.LSoftBank Group Corp.1.16%$50.854.17%
300127.SZChengdu Galaxy Magnets Co.,Ltd.1.16%$0.3563.58%
300259.SZSuntront Technology Co., Ltd.1.16%$0.0524.87%
301131.SZSuper-Dragon Engineering Plastics Co., Ltd1.16%$0.5664.43%
3692.HKHansoh Pharmaceutical Group Company Limited1.16%$0.4226.44%
4373.TSimplex Holdings, Inc.1.16%$12.1428.57%
601899.SSZijin Mining Group Company Limited1.16%$0.4023.72%
603101.SSXinjiang Winka Times Department Store Co.,Ltd.1.16%$0.1158.89%
603530.SSJiangsu Shemar Electric Co.,Ltd1.16%$0.4854.08%