Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Invesco California Value Municipal Income Trust (VCV)

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

Valuation Snapshot

Stable Growth$6.31 - $8.62$7.48
Multi-Stage$21.68 - $24.01$22.82
Blended Fair Value$15.15
Current Price$11.09
Upside36.63%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS-5.66%-6.75%0.390.390.460.560.550.530.590.640.680.79
YoY Growth--1.92%-16.74%-17.19%2.19%4.07%-11.27%-7.66%-6.10%-13.67%0.18%
Dividend Yield--3.54%3.97%4.87%4.77%4.26%4.17%4.92%5.41%5.51%5.87%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)61.53
(-) Cash Dividends Paid (M)37.28
(=) Cash Retained (M)24.26
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)12.317.694.62
Cash Retained (M)24.2624.2624.26
(-) Cash Required (M)-12.31-7.69-4.62
(=) Excess Retained (M)11.9516.5719.64
(/) Shares Outstanding (M)47.8947.8947.89
(=) Excess Retained per Share0.250.350.41
LTM Dividend per Share0.780.780.78
(+) Excess Retained per Share0.250.350.41
(=) Adjusted Dividend1.031.121.19
WACC / Discount Rate6.11%6.11%6.11%
Growth Rate-8.75%-7.75%-6.75%
Fair Value$6.31$7.48$8.62
Upside / Downside-43.09%-32.53%-22.29%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)61.5356.7752.3748.3144.5741.1242.35
Payout Ratio60.58%66.46%72.35%78.23%84.12%90.00%92.50%
Projected Dividends (M)37.2837.7337.8937.8037.4937.0039.17

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.11%6.11%6.11%
Growth Rate-8.75%-7.75%-6.75%
Year 1 PV (M)35.1735.5635.94
Year 2 PV (M)32.9233.6534.38
Year 3 PV (M)30.6131.6332.67
Year 4 PV (M)28.3129.5730.87
Year 5 PV (M)26.0527.5029.03
PV of Terminal Value (M)885.41935.00986.79
Equity Value (M)1,038.471,092.911,149.68
Shares Outstanding (M)47.8947.8947.89
Fair Value$21.68$22.82$24.01
Upside / Downside95.53%105.78%116.47%

High-Yield Dividend Screener

« Prev Page 96 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
0053.HKGuoco Group Limited1.06%$0.7324.48%
0QRA.LBufab AB (publ)1.06%$1.0533.67%
1478.HKQ Technology (Group) Company Limited1.06%$0.0916.75%
300547.SZSichuan Chuanhuan Technology Co.,Ltd.1.06%$0.4246.91%
3605.TWACES Electronics Co., Ltd.1.06%$0.6716.60%
600862.SSAVIC Aviation High-Technology Co., Ltd.1.06%$0.2533.36%
600895.SSShanghai Zhangjiang Hi-Tech Park Development Co., Ltd.1.06%$0.4766.35%
601989.SSChina Shipbuilding Industry Company Limited1.06%$0.0548.46%
603823.SSLily Group Co., Ltd.1.06%$0.1639.52%
603856.SSShandong Donghong Pipe Industry Co., Ltd.1.06%$0.1321.43%
603909.SSHolsin Engineering Consulting Group Co.,Ltd.1.06%$0.1228.69%
688015.SSTraffic Control Technology Co., Ltd.1.06%$0.2432.90%
SPLTN.STInvestment AB Spiltan1.06%$2.197.20%
002452.SZChanggao Electric Group Co., Ltd.1.05%$0.0919.43%
002632.SZDaoming Optics&Chemical Co.,Ltd1.05%$0.1339.58%
002864.SZShaanxi Panlong Pharmaceutical Group Limited By Share Ltd1.05%$0.3228.23%
006800.KSMirae Asset Securities Co. Ltd.1.05%$257.6512.18%
090430.KSAmorepacific Corporation1.05%$1,336.4358.38%
1230.HKYashili International Holdings Ltd1.05%$0.0130.51%
136490.KSSunjin Co.,Ltd.1.05%$100.043.41%
300543.SZShenzhen Longood Intelligent Electric Co.,LTD1.05%$0.1299.57%
301580.SZAidite Qinhuangdao Technology Co Ltd1.05%$0.4727.41%
484870.KSMNC Solution Co., Ltd.1.05%$1,480.2735.83%
603017.SSARTS Group Co., Ltd1.05%$0.1279.10%
603067.SSHubei Zhenhua Chemical Co.,Ltd.1.05%$0.3031.09%
603358.SSHuada Automotive Technology Corp.,Ltd1.05%$0.5359.33%
603929.SSL&K Engineering (Suzhou) Co.,Ltd.1.05%$1.0033.37%
BRIS.JKPT Bank Syariah Indonesia Tbk1.05%$22.7814.07%
EREGL.ISEregli Demir ve Çelik Fabrikalari T.A.S.1.05%$0.2633.82%
TECKTeck Resources Limited1.05%$0.5119.75%
002957.SZShenzhen Colibri Technologies Co., Ltd.1.04%$0.2242.63%
006280.KSGC Biopharma Corp.1.04%$1,649.8533.43%
0N08.LPanoro Energy ASA1.04%$0.2168.53%
3733.TSoftware Service, Inc.1.04%$140.0111.99%
4307.TNomura Research Institute, Ltd.1.04%$62.8935.46%
600100.SSTsinghua Tongfang Co.,Ltd.1.04%$0.0978.90%
600863.SSInner Mongolia MengDian HuaNeng Thermal Power Corporation Limited1.04%$0.0514.74%
603989.SSHunan Aihua Group Co., Ltd1.04%$0.1731.43%
605118.SSXiamen Leading Optics Co., Ltd.1.04%$0.3146.29%
6720.TWOMajor-Power Technology Co., Ltd.1.04%$1.2720.76%
6808.HKSun Art Retail Group Limited1.04%$0.0242.72%
SSC.BKSermsuk Public Company Limited1.04%$0.5234.17%
000779.SZGansu Engineering Consulting Group Co., Ltd.1.03%$0.0818.98%
0A0H.ILBeijer Ref AB (publ)1.03%$1.3828.57%
103590.KSIljin Electric Co.,Ltd1.03%$600.4233.30%
2614.TWEastern Media International Corporation1.03%$0.2311.71%
2GB.DE2G Energy AG1.03%$0.3715.61%
300888.SZWinner Medical Co., Ltd.1.03%$0.3925.98%
301149.SZShandong Longhua New Material Co., Ltd.1.03%$0.1134.91%
319660.KQPSK Inc.1.03%$400.0014.97%