Definitive Analysis
Definitive Analysis

Financial Statements

Fundamentals

Valuations

Get Full Access

See Pricing
Start Free Trial

Azimut Holding S.p.A. (AZM.MI)

Company Dividend Discount ModelIndustry: Asset ManagementSector: Financial Services

Valuation Snapshot

Stable Growth$139.68 - $688.24$295.62
Multi-Stage$86.18 - $94.18$90.11
Blended Fair Value$192.86
Current Price$27.18
Upside609.57%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.29%6.01%1.481.691.921.371.351.451.621.121.680.84
YoY Growth---12.43%-12.34%40.68%1.22%-7.19%-9.94%44.78%-33.62%100.93%1.62%
Dividend Yield--5.73%7.12%9.90%6.56%7.05%11.20%10.93%6.97%11.21%4.50%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)493.32
(-) Cash Dividends Paid (M)351.15
(=) Cash Retained (M)142.18
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)98.6661.6737.00
Cash Retained (M)142.18142.18142.18
(-) Cash Required (M)-98.66-61.67-37.00
(=) Excess Retained (M)43.5180.51105.18
(/) Shares Outstanding (M)141.94141.94141.94
(=) Excess Retained per Share0.310.570.74
LTM Dividend per Share2.472.472.47
(+) Excess Retained per Share0.310.570.74
(=) Adjusted Dividend2.783.043.21
WACC / Discount Rate7.13%7.13%7.13%
Growth Rate5.04%6.04%7.04%
Fair Value$139.68$295.62$688.24
Upside / Downside413.91%987.62%2,432.14%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)493.32523.10554.68588.17623.68661.33681.17
Payout Ratio71.18%74.94%78.71%82.47%86.24%90.00%92.50%
Projected Dividends (M)351.15392.03436.58485.07537.83595.20630.08

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.13%7.13%7.13%
Growth Rate5.04%6.04%7.04%
Year 1 PV (M)362.50365.95369.40
Year 2 PV (M)373.27380.42387.62
Year 3 PV (M)383.49394.55405.82
Year 4 PV (M)393.17408.36423.98
Year 5 PV (M)402.32421.84442.11
PV of Terminal Value (M)10,317.8610,818.4611,338.30
Equity Value (M)12,232.6212,789.5713,367.23
Shares Outstanding (M)141.94141.94141.94
Fair Value$86.18$90.11$94.18
Upside / Downside217.08%231.52%246.49%

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%