Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Tanger Inc. (SKT)

Company Dividend Discount ModelIndustry: REIT - RetailSector: Real Estate

Valuation Snapshot

Stable Growth$12.19 - $21.24$16.06
Multi-Stage$27.06 - $29.76$28.38
Blended Fair Value$22.22
Current Price$33.84
Upside-34.34%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%0.000.910.740.640.581.161.151.141.240.92
YoY Growth---100.00%23.22%16.28%8.80%-49.83%1.08%0.83%-7.74%34.53%15.95%
Dividend Yield--0.00%3.10%3.77%3.70%3.86%23.29%5.66%5.19%3.78%2.53%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)107.80
(-) Cash Dividends Paid (M)62.70
(=) Cash Retained (M)45.10
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)21.5613.488.09
Cash Retained (M)45.1045.1045.10
(-) Cash Required (M)-21.56-13.48-8.09
(=) Excess Retained (M)23.5431.6337.02
(/) Shares Outstanding (M)113.91113.91113.91
(=) Excess Retained per Share0.210.280.32
LTM Dividend per Share0.550.550.55
(+) Excess Retained per Share0.210.280.32
(=) Adjusted Dividend0.760.830.88
WACC / Discount Rate5.78%5.78%5.78%
Growth Rate-0.41%0.59%1.59%
Fair Value$12.19$16.06$21.24
Upside / Downside-63.99%-52.55%-37.24%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)107.80108.43109.07109.72110.36111.01114.34
Payout Ratio58.16%64.53%70.90%77.27%83.63%90.00%92.50%
Projected Dividends (M)62.7069.9777.3384.7792.3099.91105.77

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate5.78%5.78%5.78%
Growth Rate-0.41%0.59%1.59%
Year 1 PV (M)65.4966.1566.81
Year 2 PV (M)67.7569.1270.50
Year 3 PV (M)69.5171.6373.79
Year 4 PV (M)70.8473.7376.70
Year 5 PV (M)71.7775.4579.28
PV of Terminal Value (M)2,736.372,876.543,022.40
Equity Value (M)3,081.743,232.623,389.47
Shares Outstanding (M)113.91113.91113.91
Fair Value$27.06$28.38$29.76
Upside / Downside-20.05%-16.14%-12.07%

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%