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NT$
綜觀
股息
財報
模型
財務狀況
比較
穩健度
圖表
DDM 多階段
股價
137.00
TWD
公允價值
154.44
TWD
Metrics
Range
Conclusion
Perpetuity Growth Rate
5.8% - 6.3%
6.0%
Discount Rate
10.6% - 9.6%
10.1%
Fair Value
NT$ 132.10 - NT$ 186.70
NT$ 154.44
Upside
-5.0% - 34.3%
11.1%
6
Current Dividend per Share
4.3%
Current Dividend Yield
15.7%
3yr Avg Div Growth
39.5%
Ytd Div Growth
Dividend Discount Model: Multi Stage
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儲存
股價
137.00
TWD
公允價值
154.44
TWD
看漲
11.1%
Project Adj Dividends
Perpetuity Growth Rate
Fair Value
Project Adjusted Dividends
Fiscal Year Ending
(TWD in millions)
Dec-24
Dec-25
Dec-26
Dec-27
Dec-28
Dec-29
Terminal
Net Income to Common
495
466
475
484
494
504
504
% Growth
18.4%
-5.9%
2.0%
2.0%
2.0%
2.0%
Payout Ratio
72.8%
76.0%
79.0%
82.0%
85.0%
90.0%
92.5%
Projected Dividends
360
360
375
397
420
454
466
% Growth
0.0%
4.1%
5.9%
5.7%
8.0%
支援算式
Historical Performance
Discounting Periods
Discounting Factors
Pv of Discrete Dividends
Pv of Terminal Dividends
Historical Performance
Fiscal Year Ending
YTD
YTD
(TWD in millions)
Dec-20
Dec-21
Dec-22
Dec-23
Dec-24
Dec-23
Dec-24
Cash Dividends Paid
240
240
258
258
360
258
360
% Growth
0%
8%
0%
40%
40%
Net Income to Common
308
290
170
418
495
418
495
% Growth
-6%
-41%
146%
18%
18%
Payout Ratio
78%
83%
152%
62%
73%
62%
73%
Retention Ratio
22%
17%
-52%
38%
27%
38%
27%
Adjusted EBITDA
258
202
334
485
505
485
505
% Growth
-22%
66%
45%
4%
4%
Total Debt
1,592
1,577
2,233
2,473
2,754
2,473
2,754
Shareholder's Equity
2,601
2,647
2,593
2,958
3,473
2,958
3,473
Debt / EBITDA
6.2
7.8
6.7
5.1
5.5
5.3
Debt / Equity
61%
60%
86%
84%
79%
84%
79%
3-Yr Avg. Dividend Growth
15.7%
5-Yr Median Payout Ratio
77.9%
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