Definitive Analysis | Institutional-Grade Financial Research
Definitive Analysis
Get Full Access
See Pricing Start Free Trial

Blue Ribbon Income Fund (RBN-UN.TO)

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

Valuation Snapshot

Stable Growth$5.74 - $7.46$6.65
Multi-Stage$18.03 - $20.09$19.04
Blended Fair Value$12.84
Current Price$8.31
Upside54.54%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-13.75%-15.48%0.480.540.580.630.781.011.171.331.802.56
YoY Growth---11.07%-7.02%-8.06%-18.97%-22.54%-13.92%-12.21%-25.99%-29.66%-0.87%
Dividend Yield--5.73%7.27%7.91%7.29%10.44%12.15%15.85%13.80%18.36%32.21%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)16.15
(-) Cash Dividends Paid (M)6.96
(=) Cash Retained (M)9.19
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)3.232.021.21
Cash Retained (M)9.199.199.19
(-) Cash Required (M)-3.23-2.02-1.21
(=) Excess Retained (M)5.967.177.98
(/) Shares Outstanding (M)8.418.418.41
(=) Excess Retained per Share0.710.850.95
LTM Dividend per Share0.830.830.83
(+) Excess Retained per Share0.710.850.95
(=) Adjusted Dividend1.541.681.78
WACC / Discount Rate6.80%6.80%6.80%
Growth Rate-15.75%-14.75%-13.75%
Fair Value$5.74$6.65$7.46
Upside / Downside-30.91%-19.99%-10.26%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)16.1513.7711.7410.018.537.277.49
Payout Ratio43.10%52.48%61.86%71.24%80.62%90.00%92.50%
Projected Dividends (M)6.967.237.267.136.886.546.93

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.80%6.80%6.80%
Growth Rate-15.75%-14.75%-13.75%
Year 1 PV (M)6.696.776.85
Year 2 PV (M)6.226.376.52
Year 3 PV (M)5.655.856.06
Year 4 PV (M)5.045.295.54
Year 5 PV (M)4.444.714.99
PV of Terminal Value (M)123.53131.03138.90
Equity Value (M)151.56160.01168.85
Shares Outstanding (M)8.418.418.41
Fair Value$18.03$19.04$20.09
Upside / Downside116.96%129.06%141.72%

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%