Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

The Hanover Insurance Group, Inc. (THG)

Company Dividend Discount ModelIndustry: Insurance - Property & CasualtySector: Financial Services

Valuation Snapshot

Stable Growth$149.43 - $224.60$184.99
Multi-Stage$206.81 - $226.87$216.65
Blended Fair Value$200.82
Current Price$181.63
Upside10.57%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-20.31%6.36%3.403.222.992.802.7310.602.592.382.212.04
YoY Growth--5.89%7.62%6.56%2.71%-74.24%309.54%8.64%7.96%8.36%10.75%
Dividend Yield--1.96%2.40%2.33%1.88%2.11%11.70%2.25%2.02%2.45%2.26%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)631.90
(-) Cash Dividends Paid (M)129.30
(=) Cash Retained (M)502.60
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)126.3878.9947.39
Cash Retained (M)502.60502.60502.60
(-) Cash Required (M)-126.38-78.99-47.39
(=) Excess Retained (M)376.22423.61455.21
(/) Shares Outstanding (M)36.4536.4536.45
(=) Excess Retained per Share10.3211.6212.49
LTM Dividend per Share3.553.553.55
(+) Excess Retained per Share10.3211.6212.49
(=) Adjusted Dividend13.8715.1716.04
WACC / Discount Rate9.35%9.35%9.35%
Growth Rate0.07%1.07%2.07%
Fair Value$149.43$184.99$224.60
Upside / Downside-17.73%1.85%23.66%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)631.90638.63645.43652.31659.25666.28686.27
Payout Ratio20.46%34.37%48.28%62.18%76.09%90.00%92.50%
Projected Dividends (M)129.30219.50311.60405.64501.64599.65634.80

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.35%9.35%9.35%
Growth Rate0.07%1.07%2.07%
Year 1 PV (M)198.74200.72202.71
Year 2 PV (M)255.45260.58265.76
Year 3 PV (M)301.09310.21319.51
Year 4 PV (M)337.14350.82364.91
Year 5 PV (M)364.89383.49402.85
PV of Terminal Value (M)6,081.056,391.046,713.54
Equity Value (M)7,538.367,896.868,269.28
Shares Outstanding (M)36.4536.4536.45
Fair Value$206.81$216.65$226.87
Upside / Downside13.87%19.28%24.91%

High-Yield Dividend Screener

« Prev Page 109 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
HAG.DEHensoldt AG0.66%$0.5063.74%
UD.MIUnidata S.p.A.0.66%$0.023.58%
001376.SZJiangxi Bestoo Ene0.65%$0.1129.04%
002172.SZJiangsu Aoyang Health Industry Co.ltd.0.65%$0.0346.77%
300151.SZShenzhen Changhong Technology Co., Ltd.0.65%$0.1075.57%
300258.SZJiangsu Pacific Precision Forging Co., Ltd.0.65%$0.0939.89%
300654.SZAstro-century Education&Technology Co.,Ltd0.65%$0.0662.95%
300943.SZZhejiang Chunhui Intelligent Control Co., Ltd.0.65%$0.1349.41%
601999.SSNorthern United Publishing & Media (Group) Company Limited0.65%$0.0418.29%
QIA.DEQiagen N.V.0.65%$0.2513.38%
SECARE.STSwedencare AB (publ)0.65%$0.2563.49%
000801.SZSichuan Jiuzhou Electronic Co., Ltd.0.64%$0.1163.58%
000930.SZCOFCO Biotechnology Co., Ltd.0.64%$0.0471.93%
001379.SZShandong Tengda Fa0.64%$0.1536.41%
002409.SZJiangsu Yoke Technology Co., Ltd.0.64%$0.4824.63%
002692.SZYuan Cheng Cable Co.,Ltd.0.64%$0.0334.32%
0IWU.LFabasoft AG0.64%$0.1011.84%
300219.SZHongli Zhihui Group Co.,Ltd.0.64%$0.0549.42%
300623.SZJiangsu JieJie Microelectronics Co.,Ltd.0.64%$0.1729.65%
300690.SZShandong Shuangyi Technology Co., Ltd.0.64%$0.2121.24%
300695.SZZhejiang Zhaofeng Mechanical and Electronic Co.,Ltd.0.64%$0.6418.48%
4749.TWOAdvanced Echem Materials Company Limited0.64%$5.9858.12%
600095.SSXiangcai Co.,Ltd0.64%$0.0749.70%
603124.SSJiangxi Jiangnan New Material Technology Co., Ltd.0.64%$0.5035.67%
603325.SSShanghai Bloom Technology, Inc.0.64%$0.508.86%
603486.SSEcovacs Robotics Co., Ltd.0.64%$0.5218.47%
BNBrookfield Corporation0.64%$0.3070.51%
DRREDDY.BODr. Reddy's Laboratories Limited0.64%$7.9811.36%
HANZA.STHanza AB (publ)0.64%$0.8018.41%
IGTI11.SAIguatemi S.A.0.64%$0.1634.52%
PORF.ASB.V. Delftsch Aardewerkfabriek "De Porceleyne Fles Anno 1653"0.64%$0.0818.65%
SAPR11.SACompanhia de Saneamento do ParanĂ¡ - SANEPAR0.64%$0.2619.37%
002065.SZDHC Software Co.,Ltd.0.63%$0.0651.09%
002139.SZShenzhen Topband Co., Ltd.0.63%$0.0919.42%
272210.KSHanwha Systems Co., Ltd.0.63%$347.7810.94%
281820.KSKCTech Co., Ltd.0.63%$265.6710.18%
300018.SZWuhan Zhongyuan Huadian Science & Technology Co.,Ltd.0.63%$0.0727.36%
300776.SZWuhan DR Laser Technology Corp.,Ltd0.63%$0.3916.60%
3150.Tgremz,Inc.0.63%$15.998.02%
600160.SSZhejiang Juhua Co., Ltd.0.63%$0.2416.55%
601965.SSChina Automotive Engineering Research Institute Co., Ltd.0.63%$0.1011.50%
605016.SSShandong Bailong Chuangyuan Bio-Tech Co., Ltd.0.63%$0.1417.52%
6739.TWOGrade Upon Technology Corp0.63%$4.9742.19%
688676.SSHainan Jinpan Smart Technology Co., Ltd.0.63%$0.5739.57%
688757.SSWinTech Nano (Suzhou) Co Ltd.0.63%$0.1780.32%
MTRKS.ISMatriks Finansal Teknolojiler A.S.0.63%$0.147.25%
PXSPyxis Tankers Inc.0.63%$0.0266.98%
XANO-B.STXANO Industri AB (publ)0.63%$0.4912.66%
000917.SZHunan TV & Broadcast Intermediary Co., Ltd.0.62%$0.0654.47%
002090.SZWiscom System Co., Ltd.0.62%$0.0735.48%