Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker / Industry / Sector

The Bank of N.T. Butterfield & Son Limited (NTB)

Company Dividend Discount ModelIndustry: Banks - DiversifiedSector: Financial Services

Valuation Snapshot

Stable Growth$280.75 - $1,050.97$836.53
Multi-Stage$131.21 - $143.55$137.27
Blended Fair Value$486.90
Current Price$42.90
Upside1,034.97%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-3.20%11.24%1.852.002.032.032.062.171.941.620.450.58
YoY Growth---7.66%-1.32%0.07%-1.85%-5.02%11.87%20.04%260.44%-22.14%-9.45%
Dividend Yield--4.74%6.29%7.51%5.64%5.40%12.76%5.29%3.71%1.41%2.33%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)227.77
(-) Cash Dividends Paid (M)76.08
(=) Cash Retained (M)151.69
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)45.5528.4717.08
Cash Retained (M)151.69151.69151.69
(-) Cash Required (M)-45.55-28.47-17.08
(=) Excess Retained (M)106.14123.22134.61
(/) Shares Outstanding (M)43.1043.1043.10
(=) Excess Retained per Share2.462.863.12
LTM Dividend per Share1.771.771.77
(+) Excess Retained per Share2.462.863.12
(=) Adjusted Dividend4.234.624.89
WACC / Discount Rate7.09%7.09%7.09%
Growth Rate5.50%6.50%7.50%
Fair Value$280.75$836.53$1,050.97
Upside / Downside554.42%1,849.96%2,349.81%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)227.77242.57258.34275.13293.01312.06321.42
Payout Ratio33.40%44.72%56.04%67.36%78.68%90.00%92.50%
Projected Dividends (M)76.08108.48144.77185.33230.54280.85297.32

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.09%7.09%7.09%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)100.35101.30102.25
Year 2 PV (M)123.88126.24128.62
Year 3 PV (M)146.70150.91155.20
Year 4 PV (M)168.81175.30181.98
Year 5 PV (M)190.23199.42208.96
PV of Terminal Value (M)4,925.275,163.165,410.16
Equity Value (M)5,655.235,916.336,187.17
Shares Outstanding (M)43.1043.1043.10
Fair Value$131.21$137.27$143.55
Upside / Downside205.85%219.97%234.62%

High-Yield Dividend Screener

« Prev Page 11 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
3719.KLPanasonic Manufacturing Malaysia Berhad8.56%$0.6385.80%
GNG.AXGR Engineering Services Limited8.56%$0.3899.06%
078930.KSGS Holdings Corp.8.55%$4,726.0078.57%
2388.HKBOC Hong Kong (Holdings) Limited8.55%$3.4447.81%
CRTO.PACaisse Régionale de Crédit Agricole Mutuel de La Touraine et du Poitou Société Coopérative8.54%$9.4831.11%
MARK.JKPT Mark Dynamics Indonesia Tbk8.54%$70.0098.69%
TWEKA.ASTKH Group N.V.8.54%$3.1870.93%
0DTI.LBonheur ASA8.53%$23.2642.29%
1502.HKFinancial Street Property Co., Limited8.52%$0.1758.63%
FOYRK.ATFourlis Holdings S.A.8.52%$0.3765.80%
2491.TValueCommerce Co., Ltd.8.51%$56.6140.75%
6355.TSumitomo Precision Products Co., Ltd.8.51%$310.088.45%
DREIT.BKDusit Thani Freehold and Leasehold Real Estate Investment Trust8.50%$0.4298.66%
6862.HKHaidilao International Holding Ltd.8.49%$1.2276.09%
015890.KSTaekyung Industry.Co., Ltd.8.48%$416.7845.41%
3983.HKChina BlueChemical Ltd.8.48%$0.2140.13%
3292.TAEON REIT Investment Corporation8.45%$11,596.4988.85%
CIEL3.SACielo S.A.8.44%$0.4973.05%
ASGR.JKPT Astra Graphia Tbk8.43%$99.0056.73%
JWW.WAJWW Invest S.A.8.43%$0.2543.64%
3488.TCENTRAL REIT Investment Corporation8.42%$9,789.7772.08%
GUNKUL-R.BKGunkul Engineering Public Company Limited8.42%$0.1678.57%
1333.HKBreton Technology Co. Ltd.8.41%$2.3574.43%
DRM.TODream Unlimited Corp.8.41%$1.6484.81%
ALEXA.PAExacompta Clairefontaine S.A.8.40%$14.2037.48%
RANI3.SAIrani Papel e Embalagem S.A.8.40%$0.7343.32%
SPALI-R.BKSupalai Public Company Limited8.39%$1.4357.89%
5141.KLDayang Enterprise Holdings Bhd8.38%$0.1487.12%
600020.SSHenan Zhongyuan Expressway Company Limited8.37%$0.3678.65%
MASQ.AEMashreqbank PSC8.37%$21.4252.51%
PROX.BRProximus PLC8.37%$0.6033.92%
0R9T.LEquasens S.A.8.36%$3.7571.00%
6212.TWOLi Ming Development Construction Co., Ltd.8.34%$3.4547.85%
SNNP.BKSrinanaporn Marketing Public Company Limited8.33%$0.6192.23%
VLK.ASVan Lanschot Kempen N.V.8.32%$4.4268.64%
600894.SSGuangzhou Guangri Stock Co.,Ltd.8.31%$0.7798.07%
ORC-B.VOrca Energy Group Inc.8.31%$0.2935.79%
ADMF.JKPT Adira Dinamika Multi Finance Tbk8.30%$703.1157.11%
0QPJ.LCembra Money Bank AG8.29%$8.2371.08%
QDT.PAQuadient S.A.8.29%$1.2035.65%
VPK.ASKoninklijke Vopak N.V.8.29%$3.1639.83%
DP4B.DEA.P. Møller - Mærsk A/S8.27%$165.1637.01%
ECP.AXECP Emerging Growth Limited8.27%$0.0924.35%
PHOL.BKPhol Dhanya Public Company Limited8.27%$0.2371.53%
ASDM.JKPT Asuransi Dayin Mitra Tbk8.26%$50.0060.31%
000320.KSNOROO Holdings Co., Ltd.8.25%$1,700.3753.43%
IMCD.ASIMCD N.V.8.25%$6.4669.83%
NELY.JKPT Pelayaran Nelly Dwi Putri Tbk8.25%$38.3052.05%
WGB.AXWAM Global Limited8.25%$0.2014.48%
HM1.AXHearts and Minds Investments Limited8.24%$0.2643.45%