Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

First Horizon Corporation (FHN)

Company Dividend Discount ModelIndustry: Banks - RegionalSector: Financial Services

Valuation Snapshot

Stable Growth$68.72 - $338.69$145.38
Multi-Stage$37.44 - $40.94$39.16
Blended Fair Value$92.27
Current Price$22.61
Upside308.10%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS14.19%21.50%0.640.640.620.640.430.330.270.150.120.10
YoY Growth---0.90%3.40%-2.70%50.00%29.82%23.02%73.96%25.83%17.72%13.89%
Dividend Yield--3.29%4.30%3.50%2.72%2.52%4.08%1.85%0.82%0.66%0.79%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)886.00
(-) Cash Dividends Paid (M)305.00
(=) Cash Retained (M)581.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)177.20110.7566.45
Cash Retained (M)581.00581.00581.00
(-) Cash Required (M)-177.20-110.75-66.45
(=) Excess Retained (M)403.80470.25514.55
(/) Shares Outstanding (M)520.25520.25520.25
(=) Excess Retained per Share0.780.900.99
LTM Dividend per Share0.590.590.59
(+) Excess Retained per Share0.780.900.99
(=) Adjusted Dividend1.361.491.58
WACC / Discount Rate7.59%7.59%7.59%
Growth Rate5.50%6.50%7.50%
Fair Value$68.72$145.38$338.69
Upside / Downside203.94%543.01%1,397.96%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)886.00943.591,004.921,070.241,139.811,213.901,250.31
Payout Ratio34.42%45.54%56.65%67.77%78.88%90.00%92.50%
Projected Dividends (M)305.00429.71569.34725.30899.141,092.511,156.54

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.59%7.59%7.59%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)395.64399.39403.14
Year 2 PV (M)482.63491.83501.11
Year 3 PV (M)566.10582.35598.91
Year 4 PV (M)646.14670.98696.54
Year 5 PV (M)722.85757.76794.01
PV of Terminal Value (M)16,665.5517,470.5118,306.27
Equity Value (M)19,478.9120,372.8121,299.97
Shares Outstanding (M)520.25520.25520.25
Fair Value$37.44$39.16$40.94
Upside / Downside65.60%73.20%81.08%

High-Yield Dividend Screener

« Prev Page 103 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
300408.SZChaozhou Three-Circle (Group) Co.,Ltd.0.83%$0.3828.62%
3484.TTenpo Innovation CO.,LTD.0.83%$9.9713.59%
353200.KSDAEDUCK ELECTRONICS Co., Ltd.0.83%$400.2878.17%
357780.KQSoulbrain Co., Ltd.0.83%$2,325.5726.44%
600163.SSZhongmin Energy Co., Ltd.0.83%$0.0414.96%
603297.SSNingbo Yongxin Optics Co.,Ltd0.83%$0.8744.04%
603344.SSCinderson Tech (Suzhou) Co., Ltd.0.83%$0.3131.21%
603755.SSQingdao Richen Foods Co., Ltd.0.83%$0.3040.12%
605123.SSWuxi Paike New Materials Technology Co.,Ltd.0.83%$0.8640.88%
6624.TWOEver-Clear Environmental Eng. Corp.0.83%$0.5443.67%
GYL.OLGyldendal ASA0.83%$3.925.79%
HHGCHHG Capital Corporation0.83%$0.0931.96%
000425.SZXCMG Construction Machinery Co., Ltd.0.82%$0.1016.53%
0522.HKASMPT Limited0.82%$0.6778.47%
300439.SZMedicalsystem Biotechnology Co., Ltd.0.82%$0.0832.74%
300634.SZRichinfo Technology Co., Ltd.0.82%$0.2140.12%
300703.SZCre8 Direct (NingBo) Co., Ltd.0.82%$0.2028.25%
300871.SZHvsen Biotechnology Co., Ltd.0.82%$0.1715.92%
5285.KLSime Darby Plantation Berhad0.82%$0.0511.78%
600038.SSAvicopter Plc0.82%$0.3042.43%
600097.SSShanghai Kaichuang Marine International Co., Ltd.0.82%$0.0921.30%
600584.SSJCET Group Co., Ltd.0.82%$0.3036.16%
600787.SSCMST Development Co.,Ltd.0.82%$0.0521.59%
688510.SSWuxi Hyatech Co.,Ltd.0.82%$0.2251.21%
ALLHB.PALes Hôtels Baverez S.A.0.82%$0.6015.34%
AONAon plc0.82%$2.8322.49%
IAR-B.STIAR Systems Group AB (publ)0.82%$1.4726.71%
000738.SZAecc Aero-Engine Control Co.,Ltd.0.81%$0.1743.46%
000833.SZGuangxi Yuegui Guangye Holdings Co., Ltd.0.81%$0.1625.49%
002889.SZShenzhen Easttop Supply Chain Management Co., Ltd.0.81%$0.1230.64%
002979.SZChina Leadshine Technology Co., Ltd.0.81%$0.3449.51%
300037.SZShenzhen Capchem Technology Co., Ltd.0.81%$0.4232.43%
300444.SZBeijing SOJO Electric Co., Ltd.0.81%$0.0869.59%
300918.SZShandong Nanshan Zhishang Sci-Tech Co.,Ltd.0.81%$0.1541.07%
603022.SSShanghai Xintonglian Packaging Co., Ltd.0.81%$0.0831.63%
603166.SSGUILIN FUDA Co.,Ltd.0.81%$0.1327.96%
688689.SSChangzhou Galaxy Century Microelectronics Co.,Ltd.0.81%$0.2340.07%
688786.SSJiangxi Yuean Advanced Materials Co.,Ltd.0.81%$0.2343.35%
KIJA.JKPT Kawasan Industri Jababeka Tbk0.81%$1.6922.92%
VTRUVitru Limited0.81%$0.074.55%
002156.SZTongfu Microelectronics Co.,Ltd0.80%$0.3046.36%
002950.SZAllmed Medical Products Co., Ltd0.80%$0.0911.97%
003960.KSSajodaerim Corporation0.80%$295.033.88%
0DWV.LcBrain A/S0.80%$0.9015.53%
2536.HKPalasino Holdings Limited0.80%$0.0258.64%
300855.SZJiangsu ToLand Alloy Co.,Ltd0.80%$0.2677.09%
3867.KLMalaysian Pacific Industries Berhad0.80%$0.2528.08%
600635.SSShanghai Dazhong Public Utilities(Group) Co.,Ltd.0.80%$0.0526.60%
603366.SSSolareast Holdings Co., Ltd.0.80%$0.0834.34%
603798.SSQingdao Copton Technology Company Limited0.80%$0.1364.02%