Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Pinnacle West Capital Corporation (PNW)

Company Dividend Discount ModelIndustry: Regulated ElectricSector: Utilities

Valuation Snapshot

Stable Growth$100.12 - $231.07$146.38
Multi-Stage$118.14 - $129.34$123.64
Blended Fair Value$135.01
Current Price$89.66
Upside50.58%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS3.67%4.81%3.303.243.173.092.942.762.592.432.302.18
YoY Growth--2.12%2.01%2.54%5.39%6.35%6.72%6.59%5.68%5.46%5.41%
Dividend Yield--3.47%4.37%4.00%3.96%3.61%3.64%2.73%3.04%2.75%2.90%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)594.30
(-) Cash Dividends Paid (M)415.54
(=) Cash Retained (M)178.76
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)118.8674.2944.57
Cash Retained (M)178.76178.76178.76
(-) Cash Required (M)-118.86-74.29-44.57
(=) Excess Retained (M)59.90104.48134.19
(/) Shares Outstanding (M)119.44119.44119.44
(=) Excess Retained per Share0.500.871.12
LTM Dividend per Share3.483.483.48
(+) Excess Retained per Share0.500.871.12
(=) Adjusted Dividend3.984.354.60
WACC / Discount Rate6.90%6.90%6.90%
Growth Rate2.81%3.81%4.81%
Fair Value$100.12$146.38$231.07
Upside / Downside11.67%63.26%157.72%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)594.30616.96640.47664.89690.23716.54738.04
Payout Ratio69.92%73.94%77.95%81.97%85.98%90.00%92.50%
Projected Dividends (M)415.54456.15499.26545.00593.49644.89682.69

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.90%6.90%6.90%
Growth Rate2.81%3.81%4.81%
Year 1 PV (M)422.60426.71430.82
Year 2 PV (M)428.52436.89445.35
Year 3 PV (M)433.36446.13459.15
Year 4 PV (M)437.21454.47472.24
Year 5 PV (M)440.14461.96484.64
PV of Terminal Value (M)11,948.0912,540.5713,156.32
Equity Value (M)14,109.9214,766.7415,448.53
Shares Outstanding (M)119.44119.44119.44
Fair Value$118.14$123.64$129.34
Upside / Downside31.76%37.89%44.26%

High-Yield Dividend Screener

« Prev Page 110 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
002339.SZIntegrated Electronic Systems Lab Co., Ltd.0.62%$0.0659.84%
002671.SZShandong Longquan Pipeline Engineering Co.,LTD0.62%$0.0317.06%
039840.KQDIO Corporation0.62%$104.1627.01%
077970.KSSTX Engine Co.,Ltd.0.62%$206.6116.12%
241590.KSHwaseung Enterprise Co., Ltd.0.62%$31.1750.06%
300100.SZNingbo Shuanglin Auto Parts Co.,Ltd.0.62%$0.2518.34%
300347.SZHangzhou Tigermed Consulting Co., Ltd.0.62%$0.3549.79%
300909.SZShenzhen Hui Chuang Da Technology Co., Ltd.0.62%$0.3062.13%
300926.SZJiangsu Bojun Industrial Technology Co., Ltd0.62%$0.2010.12%
3128.TWOHi Sharp Electronics Co., Ltd.0.62%$0.1811.90%
600429.SSBeijing Sanyuan Foods Co., Ltd.0.62%$0.0325.51%
600782.SSXinyu Iron & Steel Co., Ltd0.62%$0.027.85%
600857.SSNingbo Zhongbai Co., Ltd.0.62%$0.0950.22%
603696.SSAnji Foodstuff Co., Ltd0.62%$0.1373.51%
688101.SSSuntar Environmental Technology Co., Ltd.0.62%$0.108.44%
688300.SSNovoray Corporation0.62%$0.3932.51%
688395.SSShenzhen Sine Electric Co.,Ltd.0.62%$0.1535.48%
7013.TIHI Corporation0.62%$17.2014.09%
9025.TKonoike Transport Co., Ltd.0.62%$20.478.73%
000025.SZShenzhen Tellus Holding Co., Ltd.0.61%$0.1130.16%
002940.SZZhejiang AngLiKang Pharmaceutical CO.,LTD.0.61%$0.2137.21%
0QLQ.LYpsomed Holding AG0.61%$2.0031.20%
1784.TWOBIONET Corp.0.61%$0.6447.49%
300332.SZTop Resource Energy Co., Ltd. Class A0.61%$0.0330.72%
300816.SZActBlue Co., Ltd.0.61%$0.2931.83%
600161.SSBeijing Tiantan Biological Products Co., Ltd.0.61%$0.1014.98%
603015.SSNingbo Techmation Co.,Ltd.0.61%$0.0866.24%
605198.SSYantai North Andre Juice Co.,Ltd.0.61%$0.2322.16%
7723.TAichi Tokei Denki Co., Ltd.0.61%$16.436.48%
AHRNAhren Acquisition Corp.0.61%$0.0610.79%
CPLPCapital Product Partners L.P.0.61%$0.116.01%
000099.SZCITIC Offshore Helicopter Co., Ltd.0.60%$0.1327.49%
000807.SZYunnan Aluminium Co., Ltd.0.60%$0.2013.68%
001222.SZWenzhou Yuanfei pet toy products Co., Ltd.0.60%$0.1415.30%
002050.SZZhejiang Sanhua Intelligent Controls Co.,Ltd0.60%$0.3334.64%
002161.SZInvengo Information Technology Co., Ltd0.60%$0.0429.57%
002472.SZZhejiang Shuanghuan Driveline Co., Ltd.0.60%$0.2920.47%
002765.SZLandai Technology Group Corp., Ltd.0.60%$0.0827.22%
010120.KSLS ELECTRIC Co., Ltd.0.60%$2,945.8832.90%
017550.KSSoosan Cebotics Co., Ltd.0.60%$10.025.13%
039440.KQSTI Co., Ltd.0.60%$199.0111.65%
2782.TSeria Co., Ltd.0.60%$21.017.80%
300124.SZShenzhen Inovance Technology Co.,Ltd0.60%$0.4523.25%
300702.SZZhejiang Tianyu Pharmaceutical Co., Ltd.0.60%$0.1425.44%
336570.KQWON TECH Co.,Ltd.0.60%$49.8011.16%
3673.TBroadleaf Co., Ltd.0.60%$4.4038.38%
6442.TWEZconn Corporation0.60%$8.3444.18%
688557.SSBlueSword Intelligent Technology Co.,Ltd.0.60%$0.2215.86%
688579.SSDareway Software Co.,Ltd.0.60%$0.0740.32%
7011.TMitsubishi Heavy Industries, Ltd.0.60%$22.9530.46%