Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

National Health Investors, Inc. (NHI)

Company Dividend Discount ModelIndustry: REIT - Healthcare FacilitiesSector: Real Estate

Valuation Snapshot

Stable Growth$30.69 - $47.90$38.62
Multi-Stage$57.29 - $62.91$60.05
Blended Fair Value$49.33
Current Price$79.50
Upside-37.94%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-2.73%4.51%3.373.363.483.944.193.873.563.302.982.68
YoY Growth--0.17%-3.42%-11.55%-6.00%8.26%8.68%8.07%10.66%10.95%23.85%
Dividend Yield--4.56%5.45%6.75%6.67%5.80%7.82%4.55%4.90%4.10%4.04%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)147.26
(-) Cash Dividends Paid (M)80.38
(=) Cash Retained (M)66.88
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)29.4518.4111.04
Cash Retained (M)66.8866.8866.88
(-) Cash Required (M)-29.45-18.41-11.04
(=) Excess Retained (M)37.4348.4755.83
(/) Shares Outstanding (M)46.4446.4446.44
(=) Excess Retained per Share0.811.041.20
LTM Dividend per Share1.731.731.73
(+) Excess Retained per Share0.811.041.20
(=) Adjusted Dividend2.542.772.93
WACC / Discount Rate7.24%7.24%7.24%
Growth Rate-0.95%0.05%1.05%
Fair Value$30.69$38.62$47.90
Upside / Downside-61.40%-51.42%-39.75%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)147.26147.33147.41147.49147.57147.65152.07
Payout Ratio54.58%61.67%68.75%75.83%82.92%90.00%92.50%
Projected Dividends (M)80.3890.86101.35111.85122.36132.88140.67

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.24%7.24%7.24%
Growth Rate-0.95%0.05%1.05%
Year 1 PV (M)83.8884.7285.57
Year 2 PV (M)86.3788.1289.89
Year 3 PV (M)88.0090.6993.43
Year 4 PV (M)88.8792.5196.27
Year 5 PV (M)89.1093.6898.46
PV of Terminal Value (M)2,224.272,338.832,458.07
Equity Value (M)2,660.482,788.572,921.70
Shares Outstanding (M)46.4446.4446.44
Fair Value$57.29$60.05$62.91
Upside / Downside-27.94%-24.47%-20.86%

High-Yield Dividend Screener

« Prev Page 100 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
300389.SZShenzhen Absen Optoelectronic Co.,Ltd.0.92%$0.1530.03%
301130.SZJilin Province Xidian Pharmaceutical Sci-Tech Development Co.,Ltd0.92%$0.2651.19%
6168.HKZhou Liu Fu Jewellery Co., Ltd.0.92%$0.2612.52%
A2M.AXThe a2 Milk Company Limited0.92%$0.0818.59%
BSOFT.BOBirlasoft Limited0.92%$3.9624.09%
DFY.TODefinity Financial Corporation0.92%$0.6917.72%
ELTON.ATElton International Trading Company S.A.0.92%$0.0215.29%
PRY.MIPrysmian S.p.A.0.92%$0.8321.11%
SMKL.JKPT Satyamitra Kemas Lestari Tbk0.92%$1.6131.12%
TTTrane Technologies plc0.92%$3.6427.90%
001256.SZZhejiang Weigang Technology Co., Ltd.0.91%$0.2031.52%
002029.SZFujian Septwolves Industry Co., Ltd.0.91%$0.1014.96%
002106.SZShenzhen Laibao Hi-Tech Co., Ltd.0.91%$0.1023.71%
002732.SZGuangdong Yantang Dairy Co., Ltd.0.91%$0.1632.63%
002907.SZChongqing Pharscin Pharmaceutical Co., Ltd.0.91%$0.1475.56%
067830.KSSavezone I&C Corporation0.91%$29.9710.71%
300950.SZDoright Co.,Ltd.0.91%$0.2144.07%
301662.SZOngoal Technology Co., Ltd.0.91%$1.1069.65%
3291.TIida Group Holdings Co., Ltd.0.91%$22.8312.14%
601601.SSChina Pacific Insurance (Group) Co., Ltd.0.91%$0.386.97%
603859.SSNancal Technology Co.,Ltd0.91%$0.3839.03%
605339.SSNamchow Food Group (Shanghai) Co., Ltd.0.91%$0.1894.45%
7504.TKohsoku Corporation0.91%$27.0314.78%
AHLASPEN INSURANCE HOLDINGS LTD0.91%$0.346.83%
EPSIL.ATEpsilon Net S.A.0.91%$0.1116.81%
FCC.MCFomento de Construcciones y Contratas, S.A.0.91%$0.1019.61%
IFX.DEInfineon Technologies AG0.91%$0.3544.87%
MARE.MIMare Engineering Group S.p.A.0.91%$0.0429.31%
000590.KSCS Holdings Co., Ltd.0.90%$684.902.69%
002484.SZNantong Jianghai Capacitor Co. Ltd.0.90%$0.2732.53%
002733.SZShenzhen Center Power Tech. Co., Ltd0.90%$0.1878.92%
014680.KSHansol Chemical Co., Ltd.0.90%$2,160.7515.49%
025820.KSLeeku Industrial Co., Ltd.0.90%$50.4121.46%
2130.HKCN Logistics International Holdings Limited0.90%$0.0330.46%
300617.SZJiangsu Ankura Intelligent Power Co., Ltd.0.90%$0.2939.28%
300643.SZHamaton Automotive Technology Co., Ltd0.90%$0.1824.29%
300725.SZPharmaBlock Sciences (Nanjing), Inc.0.90%$0.3534.81%
300837.SZZhe Kuang Heavy Industry Co.,Ltd.0.90%$0.3178.86%
3318.HKChina Boton Group Company Limited0.90%$0.0218.28%
3476.KLKeck Seng (Malaysia) Berhad0.90%$0.058.85%
3588.TWLeadtrend Technology Corporation0.90%$0.4431.29%
JSPT.JKPT Jakarta Setiabudi Internasional Tbk0.90%$28.0325.39%
MAPI.JKPT. Mitra Adiperkasa Tbk0.90%$10.659.67%
SMBR.JKPT Semen Baturaja (Persero) Tbk0.90%$2.6010.77%
STNStantec Inc.0.90%$0.8722.17%
000159.SZXinjiang International Industry Co.,Ltd0.89%$0.0574.14%
001266.SZShanghai Smart Control Co., Ltd.0.89%$0.3584.46%
002250.SZLianhe Chemical Technology Co., Ltd.0.89%$0.1227.73%
002997.SZRayhoo Motor Dies Co.,Ltd.0.89%$0.3315.36%
003041.SZZhejiang Truelove Vogue Co., Ltd.0.89%$0.4927.94%