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American Funds Retirement Income Portfolio - Moderate Class F-1 (FBFWX)

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

Valuation Snapshot

Stable Growth$14.84 - $22.84$18.56
Multi-Stage$21.75 - $23.77$22.74
Blended Fair Value$20.65
Current Price$13.38
Upside54.35%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.08%2.08%1.201.201.010.200.301.201.351.191.191.19
YoY Growth--0.04%19.34%398.51%-32.38%-75.05%-11.68%13.46%0.02%0.15%21.93%
Dividend Yield--9.42%9.92%8.83%1.60%2.41%11.43%12.08%10.84%11.05%11.58%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)3,151.00
(-) Cash Dividends Paid (M)2,513.54
(=) Cash Retained (M)637.46
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)630.20393.88236.33
Cash Retained (M)637.46637.46637.46
(-) Cash Required (M)-630.20-393.88-236.33
(=) Excess Retained (M)7.26243.59401.14
(/) Shares Outstanding (M)1,997.751,997.751,997.75
(=) Excess Retained per Share0.000.120.20
LTM Dividend per Share1.261.261.26
(+) Excess Retained per Share0.000.120.20
(=) Adjusted Dividend1.261.381.46
WACC / Discount Rate9.08%9.08%9.08%
Growth Rate0.53%1.53%2.53%
Fair Value$14.84$18.56$22.84
Upside / Downside10.90%38.73%70.72%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)3,151.003,199.253,248.233,297.973,348.463,399.733,501.73
Payout Ratio79.77%81.82%83.86%85.91%87.95%90.00%92.50%
Projected Dividends (M)2,513.542,617.482,724.022,833.212,945.103,059.763,239.10

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.08%9.08%9.08%
Growth Rate0.53%1.53%2.53%
Year 1 PV (M)2,375.972,399.602,423.23
Year 2 PV (M)2,244.522,289.392,334.71
Year 3 PV (M)2,119.082,182.952,248.09
Year 4 PV (M)1,999.522,080.272,163.45
Year 5 PV (M)1,885.681,981.352,080.87
PV of Terminal Value (M)32,832.3134,498.0636,230.75
Equity Value (M)43,457.0745,431.6347,481.10
Shares Outstanding (M)1,997.751,997.751,997.75
Fair Value$21.75$22.74$23.77
Upside / Downside62.58%69.97%77.63%

High-Yield Dividend Screener

Page 1 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
ATOM3.SAAtom Empreendimentos e Participações S.A.19.90%$0.5871.92%
3698.HKHuishang Bank Corporation Limited19.56%$0.6428.80%
SVAV.MESollers Public Joint Stock Company19.34%$110.6440.44%
0536.HKTradelink Electronic Commerce Limited19.33%$0.2086.09%
3658.HKNew Hope Service Holdings Limited19.28%$0.3766.51%
0123.HKYuexiu Property Company Limited19.19%$0.7790.88%
0N7I.LCairo Communication S.p.A.19.19%$0.3654.94%
1798.HKChina Datang Corporation Renewable Power Co., Limited19.01%$0.4063.00%
LBS.TOLife & Banc Split Corp.19.00%$2.2540.31%
HMSB.DEH & M Hennes & Mauritz AB (publ)18.98%$3.2647.98%
0608.HKHigh Fashion International Limited18.79%$0.3150.08%
0U8N.LCredicorp Ltd.18.72%$53.8266.14%
CAASChina Automotive Systems, Inc.18.61%$0.8072.30%
KRSB.MEPJSC Krasnoyarskenergosbyt18.38%$4.0782.55%
1127.HKLion Rock Group Limited18.37%$0.2547.23%
HAVAS.ASHavas S.A.18.35%$3.1490.23%
1480.HKYan Tat Group Holdings Limited18.33%$0.2249.33%
NA-PC.TONational Bank of Canada18.32%$4.9348.59%
1412.HKQ P Group Holdings Limited18.24%$0.2973.74%
FVJ.FFortescue Metals Group Limited18.16%$2.2776.64%
YATO.MCAtom Hoteles SOCIMI, S.A.18.06%$2.8568.99%
0327.HKPAX Global Technology Limited17.98%$0.9261.66%
1MO.FHello Group Inc.17.92%$1.0440.52%
PIN.BKPinthong Industrial Park Public Company Limited17.92%$0.7680.79%
1883.HKCITIC Telecom International Holdings Limited17.86%$0.4487.51%
6896.HKGolden Throat Holdings Group Company Limited17.79%$0.5576.14%
VOT.WAVotum S.A.17.65%$8.1559.83%
ALTUR.PAAltur Investissement SCA, SCR17.58%$1.9337.11%
O7F1.FOdfjell SE17.55%$1.7873.02%
2219.HKChaoju Eye Care Holdings Limited17.38%$0.4784.16%
001390.KSKG Chemical Corporation17.24%$884.5197.69%
2360.HKBest Mart 360 Holdings Limited17.23%$0.3582.20%
ALSAS.PAStradim Espace Finances S.A.17.16%$0.8055.65%
9615.SRMufeed Company17.11%$5.3935.54%
LPPF.JKPT Matahari Department Store Tbk17.09%$300.0082.85%
0LNT.LFugro N.V.17.06%$1.5239.50%
0458.HKTristate Holdings Limited17.02%$0.3133.15%
2283.HKTK Group (Holdings) Limited16.99%$0.4372.10%
1263.HKPC Partner Group Limited16.85%$0.9063.10%
2603.TWEvergreen Marine Corporation (Taiwan) Ltd.16.83%$32.4977.53%
ALHRG.PAHerige16.78%$3.6697.55%
TD-PFJ.TOThe Toronto-Dominion Bank NCUM 5Y PFD SR1816.67%$4.3836.07%
S7MB.BESecuritas AB (publ)16.59%$2.2523.09%
1184.HKS.A.S. Dragon Holdings Limited16.56%$0.7552.32%
PBR-APetróleo Brasileiro S.A. - Petrobras16.54%$1.8786.52%
VRLA.PAVerallia S.A.16.47%$3.8397.79%
6668.HKE-Star Commercial Management Company Limited16.42%$0.2372.71%
0098.HKXingfa Aluminium Holdings Limited16.13%$1.1729.94%
ING.AXInghams Group Limited16.09%$0.4179.67%
1234.HKChina Lilang Limited16.04%$0.5466.61%