Definitive Analysis
Definitive Analysis

Financial Statements

Fundamentals

Valuations

Miscellaneous

Analysis Mode

Search

National Cement Company (Public Shareholding Co.) (NCC.AE)

Company Dividend Discount ModelIndustry: Construction MaterialsSector: Basic Materials

Valuation Snapshot

Stable Growth$3.92 - $5.79$4.81
Multi-Stage$10.17 - $11.22$10.68
Blended Fair Value$7.75
Current Price$4.56
Upside69.91%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS8.35%-4.73%0.150.000.100.000.100.100.180.260.250.25
YoY Growth--0.00%-100.00%0.00%-100.00%0.40%-43.09%-31.12%2.47%0.00%2.65%
Dividend Yield--3.50%0.00%4.15%0.00%4.41%4.19%8.53%7.50%8.03%8.59%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)181.97
(-) Cash Dividends Paid (M)71.76
(=) Cash Retained (M)110.21
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)36.3922.7513.65
Cash Retained (M)110.21110.21110.21
(-) Cash Required (M)-36.39-22.75-13.65
(=) Excess Retained (M)73.8187.4696.56
(/) Shares Outstanding (M)360.24360.24360.24
(=) Excess Retained per Share0.200.240.27
LTM Dividend per Share0.200.200.20
(+) Excess Retained per Share0.200.240.27
(=) Adjusted Dividend0.400.440.47
WACC / Discount Rate6.32%6.32%6.32%
Growth Rate-3.63%-2.63%-1.63%
Fair Value$3.92$4.81$5.79
Upside / Downside-14.11%5.53%26.89%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)181.97177.18172.53167.99163.58159.28164.06
Payout Ratio39.44%49.55%59.66%69.77%79.89%90.00%92.50%
Projected Dividends (M)71.7687.79102.93117.22130.68143.35151.75

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.32%6.32%6.32%
Growth Rate-3.63%-2.63%-1.63%
Year 1 PV (M)81.7382.5883.43
Year 2 PV (M)89.2191.0792.95
Year 3 PV (M)94.5797.54100.58
Year 4 PV (M)98.15102.29106.55
Year 5 PV (M)100.23105.54111.07
PV of Terminal Value (M)3,200.053,369.563,546.18
Equity Value (M)3,663.943,848.574,040.75
Shares Outstanding (M)360.24360.24360.24
Fair Value$10.17$10.68$11.22
Upside / Downside123.05%134.29%145.99%

High-Yield Dividend Screener

« Prev Page 11 of 30 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
THFFFirst Financial Corporation3.32%$1.9831.67%
IRDMIridium Communications Inc.3.31%$0.5949.66%
PDCOPatterson Companies, Inc.3.31%$1.0466.64%
0HRZ.LCoterra Energy Inc.3.30%$0.8840.64%
ACIAlbertsons Companies, Inc.3.30%$0.5733.33%
KDPKeurig Dr Pepper Inc.3.30%$0.9278.89%
SPBSpectrum Brands Holdings, Inc.3.30%$1.9848.25%
0IUX.LGenuine Parts Company3.29%$4.0569.77%
BGBunge Global S.A.3.29%$3.0531.37%
HDGCXThe Hartford Dividend and Growth Fund Class C3.29%$1.0820.58%
PSBDPalmer Square Capital BDC Inc.3.29%$0.4090.32%
LIENChicago Atlantic BDC, Inc.3.28%$0.3423.50%
REXRRexford Industrial Realty, Inc.3.28%$1.2890.14%
CVCYCentral Valley Community Bancorp3.27%$0.5832.80%
F-PDFord Motor Company 6.500% Notes3.27%$0.7463.45%
FSBWFS Bancorp, Inc.3.27%$1.3331.78%
TRNOTerreno Realty Corporation3.27%$1.9362.02%
0I1P.LComerica Incorporated3.26%$2.8252.30%
ALEXAlexander & Baldwin, Inc.3.26%$0.6766.95%
BRXBrixmor Property Group Inc.3.26%$0.8578.30%
AGM-PCFederal Agricultural Mortgage Corporation3.24%$7.8539.89%
HTOH2O America3.24%$1.6052.08%
WECWEC Energy Group, Inc.3.24%$3.4566.21%
XOMExxon Mobil Corporation3.24%$3.9857.54%
SCLStepan Company3.22%$1.5276.82%
HBTHBT Financial, Inc.3.21%$0.8333.20%
KALUKaiser Aluminum Corporation3.21%$3.8670.13%
SMPStandard Motor Products, Inc.3.20%$1.1838.74%
0QZA.LConocoPhillips3.19%$3.0943.65%
PAGPenske Automotive Group, Inc.3.18%$5.0435.22%
CRBGCorebridge Financial, Inc.3.17%$0.9652.57%
EDConsolidated Edison, Inc.3.17%$3.1756.36%
LARKLandmark Bancorp, Inc.3.17%$0.8238.75%
NBPU.LNB Private Equity Partners Limited3.17%$0.6770.20%
PFBCPreferred Bank3.16%$3.0329.67%
HNIHNI Corporation3.15%$1.3444.63%
RBBRBB Bancorp3.15%$0.6443.45%
FGF&G Annuities & Life, Inc.3.14%$0.9428.23%
NBHCNational Bank Holdings Corporation3.14%$1.1937.27%
0KZA.LSM Energy Company3.13%$0.609.44%
CBUCommunity Bank System, Inc.3.13%$1.8246.85%
DTEDTE Energy Company3.13%$4.0887.19%
RNSTRenasant Corporation3.13%$1.1148.14%
BSRRSierra Bancorp3.11%$1.0134.68%
FCFFirst Commonwealth Financial Corporation3.11%$0.5238.19%
PNCThe PNC Financial Services Group, Inc.3.11%$6.5739.89%
PRKPark National Corporation3.11%$4.8044.20%
GEFGreif, Inc.3.10%$2.1212.04%
0QAH.LMerck & Co., Inc.3.09%$3.2542.60%
BANRBanner Corporation3.09%$1.9335.15%