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3287
9.9%
6517
9.8%
3032
3.6%
HK
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貨幣
NT$
綜觀
股息
財報
模型
財務狀況
比較
穩健度
圖表
DDM 穩定成長
股價
91.70
TWD
公允價值
80.92
TWD
Metrics
Range
Conclusion
Adjusted Dividend
NT$ 6.75 - NT$ 7.81
NT$ 7.38
Adjusted Dividend Yield
7.4% - 8.5%
8.1%
Perpetuity Growth Rate
0.0% - 0.3%
0.0%
Discount Rate
10.1% - 8.1%
9.1%
Fair Value
NT$ 66.67 - NT$ 99.37
NT$ 80.92
Upside
-27.3% - 8.4%
-11.8%
5.40
Current Dividend per Share
5.9%
Current Dividend Yield
9.8%
3yr Avg Div Growth
50.0%
Ytd Div Growth
Dividend Discount Model: Stable Growth
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儲存
股價
91.70
TWD
公允價值
80.92
TWD
看漲
-11.8%
Adj Dividend
Perpetuity Growth Rate
Fair Value
Calculate Adjusted Dividend
(TWD in millions)
Latest
Notes
Net Income To Common
495
(-) Cash Dividends Paid
(317)
(=) Cash Retained
178
36.0%
Low
Mid
High
Required Retention Ratio
20.0%
12.5%
7.5%
% of net income needed for future growth
Adj Net Income
495
495
495
(=) Cash Required
99
62
37
Cash Retained
178
178
178
(-) Cash Required
(99)
(62)
(37)
(=) Excess Retained
79
116
141
(/) FX Rate Adjustment
1.00
1.00
1.00
(=) Excess Retained (TWD)
79
116
141
(/) Shares Outstanding
58.7
58.7
58.7
(=) Excess Retained per Share
1.35
1.98
2.41
Low
Mid
High
LTM Dividend per Share
5.40
5.40
5.40
(+) Excess Retained per Share
1.35
1.98
2.41
Adjusted Dividend
6.75
7.38
7.81
支援算式
Sensitivity Analysis
Historical Performance
Sensitivity Analysis
Adjusted Dividend
7.38
Cost of Equity
Growth Rate
8.1%
8.6%
9.1%
9.6%
10.1%
0.0%
90.88
85.61
80.92
76.71
72.93
0.0%
90.88
85.61
80.92
76.71
72.93
0.0%
90.88
85.61
80.92
76.71
72.93
1.0%
104.67
97.80
91.79
86.46
81.73
2.0%
122.96
113.68
105.70
98.77
92.69
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