Definitive Analysis
Definitive Analysis
Get Full Access
See Pricing Start Free Trial

Rocky Brands, Inc. (RCKY)

Company Dividend Discount ModelIndustry: Apparel - Footwear & AccessoriesSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$35.31 - $60.62$46.25
Multi-Stage$38.75 - $42.43$40.56
Blended Fair Value$43.40
Current Price$29.79
Upside45.70%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS2.95%4.33%0.620.610.610.570.550.530.460.440.440.43
YoY Growth--1.01%0.59%5.56%5.03%2.66%14.44%6.56%-0.84%1.38%7.76%
Dividend Yield--3.54%2.22%2.62%1.38%1.01%2.75%1.81%2.03%3.81%3.41%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)20.56
(-) Cash Dividends Paid (M)4.63
(=) Cash Retained (M)15.94
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)4.112.571.54
Cash Retained (M)15.9415.9415.94
(-) Cash Required (M)-4.11-2.57-1.54
(=) Excess Retained (M)11.8213.3714.39
(/) Shares Outstanding (M)7.507.507.50
(=) Excess Retained per Share1.581.781.92
LTM Dividend per Share0.620.620.62
(+) Excess Retained per Share1.581.781.92
(=) Adjusted Dividend2.192.402.54
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate2.72%3.72%4.72%
Fair Value$35.31$46.25$60.62
Upside / Downside18.54%55.24%103.50%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)20.5621.3322.1222.9423.7924.6825.42
Payout Ratio22.50%36.00%49.50%63.00%76.50%90.00%92.50%
Projected Dividends (M)4.637.6810.9514.4518.2022.2123.51

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate2.72%3.72%4.72%
Year 1 PV (M)6.977.047.11
Year 2 PV (M)9.029.209.38
Year 3 PV (M)10.8111.1311.46
Year 4 PV (M)12.3612.8513.35
Year 5 PV (M)13.6914.3715.08
PV of Terminal Value (M)237.67249.46261.73
Equity Value (M)290.52304.05318.09
Shares Outstanding (M)7.507.507.50
Fair Value$38.75$40.56$42.43
Upside / Downside30.09%36.15%42.44%

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%