Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Mode

Ticker

Industry

Sector

The Keg Royalties Income Fund (KEG-UN.TO)

Company Dividend Discount ModelIndustry: RestaurantsSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$10.74 - $16.53$13.43
Multi-Stage$14.51 - $15.82$15.15
Blended Fair Value$14.29
Current Price$13.89
Upside2.90%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS16.03%3.33%1.610.770.770.490.430.771.421.351.351.23
YoY Growth--110.35%0.00%57.92%11.66%-43.30%-45.94%4.83%0.50%9.49%5.75%
Dividend Yield--11.62%5.12%4.89%2.92%3.25%9.01%8.11%7.40%6.70%6.70%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)19.02
(-) Cash Dividends Paid (M)16.10
(=) Cash Retained (M)2.92
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)3.802.381.43
Cash Retained (M)2.922.922.92
(-) Cash Required (M)-3.80-2.38-1.43
(=) Excess Retained (M)-0.880.551.50
(/) Shares Outstanding (M)16.8016.8016.80
(=) Excess Retained per Share-0.050.030.09
LTM Dividend per Share0.960.960.96
(+) Excess Retained per Share-0.050.030.09
(=) Adjusted Dividend0.910.991.05
WACC / Discount Rate9.79%9.79%9.79%
Growth Rate1.25%2.25%3.25%
Fair Value$10.74$13.43$16.53
Upside / Downside-22.70%-3.30%19.02%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)19.0219.4519.8820.3320.7921.2621.90
Payout Ratio84.63%85.70%86.78%87.85%88.93%90.00%92.50%
Projected Dividends (M)16.1016.6717.2617.8618.4919.1320.26

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.79%9.79%9.79%
Growth Rate1.25%2.25%3.25%
Year 1 PV (M)15.0315.1815.33
Year 2 PV (M)14.0414.3114.60
Year 3 PV (M)13.1013.5013.90
Year 4 PV (M)12.2312.7213.23
Year 5 PV (M)11.4211.9912.59
PV of Terminal Value (M)177.96186.92196.24
Equity Value (M)243.78254.63265.88
Shares Outstanding (M)16.8016.8016.80
Fair Value$14.51$15.15$15.82
Upside / Downside4.45%9.09%13.91%

High-Yield Dividend Screener

« Prev Page 118 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
300046.SZTech Semiconductors Co., Ltd.0.42%$0.1554.07%
300633.SZSonoScape Medical Corp.0.42%$0.1171.26%
300784.SZNingbo Lian Technology Co Ltd0.42%$0.2118.81%
3848.HKHaosen Fintech Group Limited0.42%$0.0540.14%
603315.SSLiaoning Fu-An Heavy Industry Co.,Ltd0.42%$0.0743.72%
688116.SSJiangsu Cnano Technology Co., Ltd.0.42%$0.2027.70%
9031.TNishi-Nippon Railroad Co., Ltd.0.42%$11.733.17%
FTITechnipFMC plc0.42%$0.208.56%
OET.OLOkeanis Eco Tankers Corp.0.42%$1.3757.51%
000426.SZInner Mongolia Xingye Mining Co., Ltd.0.41%$0.1516.34%
000733.SZChina Zhenhua (Group) Science & Technology Co., Ltd0.41%$0.2212.62%
002558.SZGiant Network Group Co., Ltd.0.41%$0.1814.46%
011500.KSHannong Chemicals Inc.0.41%$59.2815.90%
060370.KSLS Marine Solution Co Ltd0.41%$119.8745.71%
131370.KQRSUPPORT Co., Ltd.0.41%$10.1720.12%
2059.TWKing Slide Works Co., Ltd.0.41%$14.1421.00%
2303.TDawn Corp.0.41%$10.087.82%
300813.SZZhejiang Tailin BioEngineering Co.,Ltd0.41%$0.1074.11%
300836.SZKunshan TopA Intelligent Equipment Co.,Ltd0.41%$0.2234.17%
300995.SZGuangdong Kitech New Material Holding Co.,Ltd.0.41%$0.1789.60%
5309.KLITMAX System Berhad0.41%$0.0222.92%
600783.SSLuxin Venture Capital Group Co., Ltd.0.41%$0.1043.43%
6151.TNitto Kohki Co., Ltd.0.41%$7.5127.44%
688668.SSDongguan Dingtong Precision Metal Co., Ltd.0.41%$0.5033.68%
688698.SSSuzhou Veichi Electric Co., Ltd.0.41%$0.4133.51%
9676.HKShiyue Daotian Group Co., Ltd.0.41%$0.0317.00%
DISAQ.BODisa India Limited0.41%$50.0015.15%
IBE.MCIberdrola, S.A.0.41%$0.088.79%
KPG.AXKelly Partners Group Holdings Limited0.41%$0.0312.00%
MOTHERSON.BOSamvardhana Motherson International Limited0.41%$0.5016.34%
NMMNavios Maritime Partners L.P.0.41%$0.212.32%
000962.SZNingxia Orient Tantalum Industry Co., Ltd.0.40%$0.1325.03%
001267.SZHui Lyu Ecological Technology Groups Co.,Ltd.0.40%$0.0975.27%
002144.SZHongda High-Tech Holding Co.,Ltd.0.40%$0.0540.68%
002201.SZJiangsu Jiuding New Material Co., Ltd.0.40%$0.0538.29%
002607.SZOffcn Education Technology Co., Ltd.0.40%$0.0162.99%
300637.SZYangfan New Materials (Zhejiang) Co., Ltd.0.40%$0.0592.86%
300751.SZSuzhou Maxwell Technologies Co., Ltd.0.40%$0.8227.62%
301007.SZDalian Demaishi Precision Technology Co., Ltd.0.40%$0.1648.95%
301536.SZSigmaStar Technology Ltd0.40%$0.2439.50%
4483.TJMDC Inc.0.40%$15.8214.01%
600318.SSAnhui Xinli Finance Co., Ltd.0.40%$0.0448.95%
603613.SSBeijing United Information Technology Co.,Ltd.0.40%$0.115.56%
603683.SSShanghai Smith Adhesive New Material Co., Ltd0.40%$0.1046.99%
6562.TGeniee, Inc.0.40%$4.165.26%
688117.SSChengDu ShengNuo Biotec Co.,Ltd.0.40%$0.1521.06%
9720.THotel Newgrand Co.,Ltd.0.40%$24.628.65%
BELE.STBeijer Electronics Group AB (publ)0.40%$0.506.68%
CORU.LCorticeira Amorim, S.G.P.S., S.A.0.40%$0.2943.39%
002843.SZBichamp Cutting Technology (Hunan) Co., Ltd.0.39%$0.0846.56%