Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Dunedin Income Growth Investment Trust PLC (DIG.L)

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

Valuation Snapshot

Stable Growth$3.04 - $4.63$3.79
Multi-Stage$6.65 - $7.31$6.97
Blended Fair Value$5.38
Current Price$2.97
Upside81.20%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS1.33%1.65%0.140.140.140.140.130.130.140.130.120.12
YoY Growth---1.26%4.47%0.84%0.87%1.79%-4.34%9.97%2.12%1.27%1.36%
Dividend Yield--4.97%5.20%4.67%4.39%4.67%4.41%5.73%4.85%5.06%5.57%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)47.88
(-) Cash Dividends Paid (M)39.40
(=) Cash Retained (M)8.49
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)9.585.993.59
Cash Retained (M)8.498.498.49
(-) Cash Required (M)-9.58-5.99-3.59
(=) Excess Retained (M)-1.092.504.89
(/) Shares Outstanding (M)139.15139.15139.15
(=) Excess Retained per Share-0.010.020.04
LTM Dividend per Share0.280.280.28
(+) Excess Retained per Share-0.010.020.04
(=) Adjusted Dividend0.280.300.32
WACC / Discount Rate6.87%6.87%6.87%
Growth Rate-2.00%-1.00%0.00%
Fair Value$3.04$3.79$4.63
Upside / Downside2.43%27.56%56.04%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)47.8847.4046.9346.4646.0045.5446.90
Payout Ratio82.28%83.82%85.37%86.91%88.46%90.00%92.50%
Projected Dividends (M)39.4039.7340.0640.3840.6940.9843.38

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.87%6.87%6.87%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)36.8137.1837.56
Year 2 PV (M)34.3735.0835.79
Year 3 PV (M)32.0933.0834.10
Year 4 PV (M)29.9531.1932.47
Year 5 PV (M)27.9529.4030.92
PV of Terminal Value (M)764.83804.66846.13
Equity Value (M)926.00970.601,016.96
Shares Outstanding (M)139.15139.15139.15
Fair Value$6.65$6.97$7.31
Upside / Downside124.06%134.85%146.06%

High-Yield Dividend Screener

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