Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Marsh & McLennan Companies, Inc. (MMC)

Company Dividend Discount ModelIndustry: Insurance - BrokersSector: Financial Services

Valuation Snapshot

Stable Growth$947.20 - $1,658.10$1,553.88
Multi-Stage$265.26 - $290.38$277.59
Blended Fair Value$915.73
Current Price$201.53
Upside354.39%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS11.45%10.03%3.062.622.302.071.911.781.631.491.381.28
YoY Growth--16.56%14.06%10.92%8.80%7.16%9.05%9.05%8.50%7.91%8.59%
Dividend Yield--1.25%1.29%1.38%1.22%1.56%2.06%1.72%1.81%1.86%2.10%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)4,127.00
(-) Cash Dividends Paid (M)1,712.00
(=) Cash Retained (M)2,415.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)825.40515.88309.53
Cash Retained (M)2,415.002,415.002,415.00
(-) Cash Required (M)-825.40-515.88-309.53
(=) Excess Retained (M)1,589.601,899.132,105.48
(/) Shares Outstanding (M)495.00495.00495.00
(=) Excess Retained per Share3.213.844.25
LTM Dividend per Share3.463.463.46
(+) Excess Retained per Share3.213.844.25
(=) Adjusted Dividend6.677.307.71
WACC / Discount Rate6.24%6.24%6.24%
Growth Rate5.50%6.50%7.50%
Fair Value$947.20$1,553.88$1,658.10
Upside / Downside370.01%671.04%722.75%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)4,127.004,395.264,680.954,985.215,309.255,654.355,823.98
Payout Ratio41.48%51.19%60.89%70.59%80.30%90.00%92.50%
Projected Dividends (M)1,712.002,249.772,850.223,519.224,263.145,088.915,387.18

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.24%6.24%6.24%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)2,097.692,117.572,137.46
Year 2 PV (M)2,477.902,525.102,572.74
Year 3 PV (M)2,852.692,934.583,018.02
Year 4 PV (M)3,222.123,346.033,473.49
Year 5 PV (M)3,586.243,759.463,939.31
PV of Terminal Value (M)117,069.36122,723.86128,594.76
Equity Value (M)131,306.01137,406.60143,735.77
Shares Outstanding (M)495.00495.00495.00
Fair Value$265.26$277.59$290.38
Upside / Downside31.63%37.74%44.09%

High-Yield Dividend Screener

« Prev Page 113 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
300201.SZXuzhou Handler Special Vehicle Co., Ltd0.54%$0.0413.64%
300254.SZShanXi C&Y Pharmaceutical Group Co., Ltd.0.54%$0.0666.26%
300618.SZNanjing Hanrui Cobalt Co.,Ltd.0.54%$0.2427.60%
300777.SZSinofibers Technology Co.,Ltd.0.54%$0.2223.25%
300835.SZSinomag Technology Co., Ltd.0.54%$0.3527.98%
300965.SZBeijing Hengyu Datacom Aviation Equipment co., Ltd.0.54%$0.3868.61%
301596.SZReach Machinery Co Ltd0.54%$0.4330.79%
5432.TWOSolomon Data International Corporation0.54%$1.0070.10%
5TP.SICNMC Goldmine Holdings Limited0.54%$0.0112.36%
600166.SSBeiqi Foton Motor Co., Ltd.0.54%$0.0216.31%
600171.SSShanghai Belling Co., Ltd.0.54%$0.1733.39%
600459.SSSino-Platinum Metals Co.,Ltd0.54%$0.1012.03%
600741.SSHUAYU Automotive Systems Company Limited0.54%$0.114.97%
600819.SSShanghai Yaohua Pilkington Glass Group Co., Ltd.0.54%$0.0428.59%
600906.SSCaida Securities Co., Ltd.0.54%$0.0411.87%
603949.SSXuelong Group Co.,Ltd0.54%$0.1027.46%
HMM-A.TOHammond Manufacturing Company Limited0.54%$0.063.93%
WPMWheaton Precious Metals Corp.0.54%$0.6429.16%
000525.SZNanjing Red Sun Co.,Ltd.0.53%$0.0341.59%
002481.SZYantai Shuangta Food Co., Ltd.0.53%$0.0350.34%
002590.SZZhejiang VIE Science & Technology Co., Ltd.0.53%$0.0819.59%
0069.HKShangri-La Asia Limited0.53%$0.0333.68%
010620.KSHd Hyundai Mipo Co. Ltd.0.53%$1,189.7714.34%
1299.HKAIA Group Limited0.53%$0.4443.34%
300580.SZWuxi Best Precision Machinery Co., Ltd.0.53%$0.1423.35%
301163.SZJiangsu Hongde Special Parts Co.,Ltd.0.53%$0.1432.32%
4916.TWParpro Corporation0.53%$0.3121.99%
600759.SSGeo-Jade Petroleum Corporation0.53%$0.0215.23%
6701.TNEC Corporation0.53%$28.0315.93%
688127.SSZhejiang Lante Optics Co., Ltd.0.53%$0.2026.44%
688608.SSBestechnic (Shanghai) Co., Ltd.0.53%$1.1930.21%
002333.SZZYF Lopsking Aluminum Co., Ltd.0.52%$0.0339.44%
120030.KSCHOSUN WELDING POHANG Co., Ltd0.52%$506.373.69%
1250.HKShandong Hi-Speed New Energy Group Limited0.52%$0.013.33%
267270.KSHyundai Construction Equipment Co., Ltd.0.52%$507.929.77%
294570.KQCOOCON Corporation0.52%$150.375.17%
300145.SZNanfang Pump Industry Co., Ltd. Class A0.52%$0.0218.75%
300236.SZShanghai Sinyang Semiconductor Materials Co., Ltd.0.52%$0.3339.76%
301165.SZRuijie Networks Co., Ltd.0.52%$0.4643.33%
3CP.FXiaomi Corporation0.52%$0.024.20%
5398.KLGamuda Berhad0.52%$0.0315.33%
600521.SSZhejiang Huahai Pharmaceutical Co., Ltd.0.52%$0.0928.05%
601880.SSLiaoning Port Co., Ltd.0.52%$0.0113.15%
605300.SSJiahe Foods Industry Co., Ltd.0.52%$0.0698.92%
8095.HKBeijing Beida Jade Bird Universal Sci-Tech Company Limited0.52%$0.0112.52%
WTC.AXWiseTech Global Limited0.52%$0.3620.57%
000631.SZShunfa Hengye Corporation0.51%$0.0238.02%
000768.SZAVIC Xi'an Aircraft Industry Group Company Ltd.0.51%$0.1333.44%
000936.SZJiangsu Huaxicun Co.,Ltd.0.51%$0.0411.81%
002023.SZSichuan Haite High-tech Co., Ltd.0.51%$0.0740.25%