Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

First Trust Intermediate Duration Preferred & Income Fund (FPF)

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

Valuation Snapshot

Stable Growth$30.96 - $44.78$37.68
Multi-Stage$70.35 - $77.35$73.78
Blended Fair Value$55.73
Current Price$17.62
Upside216.29%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-0.93%-1.61%1.621.311.501.531.591.701.771.891.952.10
YoY Growth--23.66%-12.66%-1.85%-3.76%-6.47%-3.95%-6.35%-3.01%-7.44%10.29%
Dividend Yield--8.63%9.21%9.15%6.04%7.36%7.05%8.64%7.61%8.59%9.58%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)265.47
(-) Cash Dividends Paid (M)188.02
(=) Cash Retained (M)77.45
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)53.0933.1819.91
Cash Retained (M)77.4577.4577.45
(-) Cash Required (M)-53.09-33.18-19.91
(=) Excess Retained (M)24.3544.2657.54
(/) Shares Outstanding (M)60.8560.8560.85
(=) Excess Retained per Share0.400.730.95
LTM Dividend per Share3.093.093.09
(+) Excess Retained per Share0.400.730.95
(=) Adjusted Dividend3.493.824.04
WACC / Discount Rate7.25%7.25%7.25%
Growth Rate-3.61%-2.61%-1.61%
Fair Value$30.96$37.68$44.78
Upside / Downside75.69%113.84%154.13%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)265.47258.53251.77245.18238.77232.53239.51
Payout Ratio70.83%74.66%78.50%82.33%86.17%90.00%92.50%
Projected Dividends (M)188.02193.02197.63201.86205.74209.28221.54

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.25%7.25%7.25%
Growth Rate-3.61%-2.61%-1.61%
Year 1 PV (M)178.12179.97181.81
Year 2 PV (M)168.29171.80175.35
Year 3 PV (M)158.63163.62168.71
Year 4 PV (M)149.20155.49161.97
Year 5 PV (M)140.05147.47155.19
PV of Terminal Value (M)3,486.613,671.273,863.68
Equity Value (M)4,280.904,489.614,706.72
Shares Outstanding (M)60.8560.8560.85
Fair Value$70.35$73.78$77.35
Upside / Downside299.29%318.75%339.00%

High-Yield Dividend Screener

« Prev Page 102 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
301022.SZQingdao Hi-Tech Moulds & Plastics Technology Co., Ltd.0.86%$0.2965.08%
600379.SSShaanxi Baoguang Vacuum Electric Device Co., Ltd.0.86%$0.1046.90%
601958.SSJinduicheng Molybdenum Co., Ltd.0.86%$0.1313.98%
601968.SSShanghai Baosteel Packaging Co., Ltd.0.86%$0.0530.44%
7059.TCOPRO-HOLDINGS. Co., Ltd.0.86%$8.6417.02%
9075.TFukuyama Transporting Co., Ltd.0.86%$37.8622.01%
GRANGrande Group Limited Class A Ordinary Shares0.86%$0.0422.51%
JECC.JKPT Jembo Cable Company Tbk0.86%$9.896.11%
MKAP.JKMultikarya Asia Pasifik Raya Tb0.86%$3.0020.31%
001460.KSBYC Co., Ltd.0.85%$354.1915.11%
002468.SZSTO Express Co., Ltd.0.85%$0.1115.11%
002777.SZSichuan Jiuyuan Yinhai Software.Co.,Ltd0.85%$0.1564.26%
002782.SZShenZhen Click Technology Co.,LTD.0.85%$0.1524.46%
0A05.LMedacta Group S.A.0.85%$1.3217.43%
348210.KQNEXTIN, Inc.0.85%$624.2647.22%
600621.SSShanghai Chinafortune Co., Ltd.0.85%$0.1324.10%
600714.SSQinghai Jinrui Mineral Development Co., Ltd0.85%$0.1052.98%
603162.SSFujian Highton Development0.85%$0.1024.23%
603681.SSShanghai Yongguan Adhesive Products Corp., Ltd.0.85%$0.1623.83%
603977.SSJiangxi Guotai Group Co.,Ltd.0.85%$0.1248.29%
ALPA3.SAAlpargatas S.A.0.85%$0.0916.36%
CHDRAUIB.MXGrupo Comercial Chedraui, S.A.B. de C.V.0.85%$1.0515.72%
DIOS.STDiƶs Fastigheter AB (publ)0.85%$0.559.76%
MARKOLINES.BOMarkolines Pavement Technologi0.85%$1.3410.59%
PGHH.BOProcter & Gamble Hygiene and Health Care Limited0.85%$110.0050.00%
002155.SZHunan Gold Corporation Limited0.84%$0.1822.97%
002378.SZChongyi Zhangyuan Tungsten Co., Ltd.0.84%$0.1266.08%
002609.SZShenzhen Jieshun Science and Technology Industry Co.,Ltd.0.84%$0.0881.97%
002987.SZNorthking Information Technology Co., Ltd.0.84%$0.1847.38%
2232.HKCrystal International Group Limited0.84%$0.0640.92%
300484.SZShenzhen V&T Technologies Co., Ltd.0.84%$0.1661.65%
300558.SZBetta Pharmaceuticals Co., Ltd.0.84%$0.3954.91%
300622.SZDoctorglasses Chain Co.,Ltd.0.84%$0.2655.20%
300820.SZSichuan Injet Electric Stock Co.,Ltd.0.84%$0.4041.58%
300962.SZZhongjin Irradiation Incorporated Company0.84%$0.1434.88%
301128.SZShenZhen QiangRui Precision Technology Co., Ltd.0.84%$0.8546.91%
5471.TDaido Steel Co., Ltd.0.84%$13.469.92%
600010.SSInner Mongolia Baotou Steel Union Co., Ltd.0.84%$0.0289.71%
600089.SSTBEA Co., Ltd.0.84%$0.1917.64%
600369.SSSouthwest Securities Co., Ltd.0.84%$0.0427.25%
603499.SSShanghai Sunglow Packaging Technology Co.,Ltd0.84%$0.1740.47%
6983.TWOUA YANG Precision Machinery Co., Ltd.0.84%$1.5028.47%
AEMAgnico Eagle Mines Limited0.84%$1.4220.98%
BDI.TOBlack Diamond Group Limited0.84%$0.1222.60%
LPGI.JKPT Lippo General Insurance Tbk0.84%$6.0014.47%
MALT.PAMalteries Franco-Belges S.A.0.84%$7.834.76%
000705.SZZhejiang Zhenyuan Share Co., Ltd.0.83%$0.0752.84%
001296.SZChongqing Changjiang River Moulding Material (Group) Co., Ltd.0.83%$0.2222.41%
003033.SZQingdao CHOHO Industrial Co., Ltd0.83%$0.6632.29%
010660.KSHwacheon Machinery Co., Ltd.0.83%$40.1925.46%