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 119 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
003350.KSHankook Cosmetics Manufacturing Co., Ltd0.39%$200.002.82%
069620.KSDaewoong pharmaceutical Co.,Ltd0.39%$639.609.80%
2442.TWJean Co.,Ltd0.39%$0.1012.79%
300354.SZDongHua Testing Technology Co. , Ltd.0.39%$0.1819.89%
300707.SZVT Industrial Technology Co.,Ltd0.39%$0.0648.39%
3397.TTORIDOLL Holdings Corporation0.39%$16.4331.03%
AIX2.FAixtron Se0.39%$0.1615.58%
GDG.AXGeneration Development Group Limited0.39%$0.023.79%
ISUR.MCInmobiliaria del Sur, S.A.0.39%$0.0639.75%
002128.SZInner Mongolia Dian Tou Energy Corporation Limited0.38%$0.114.74%
002364.SZHangzhou Zhongheng Electric Co., Ltd0.38%$0.1058.42%
002570.SZBeingmate Co., Ltd.0.38%$0.0220.08%
002636.SZGoldenmax International Technology Ltd.0.38%$0.0641.65%
1855.HKZonqing Environmental Limited0.38%$0.002.43%
300886.SZAnhui Hyea Aromas Co., Ltd.0.38%$0.1025.58%
301168.SZJiangsu TongLin Electric Co.,Ltd.0.38%$0.1846.40%
5401.KLTropicana Corporation Berhad0.38%$0.005.70%
600255.SSAnhui Xinke New Materials Co.,Ltd0.38%$0.0162.22%
600460.SSHangzhou Silan Microelectronics Co., Ltd0.38%$0.1133.03%
600507.SSFangda Special Steel Technology Co., Ltd.0.38%$0.026.00%
600684.SSGuangzhou Pearl River Development Group Co., Ltd.0.38%$0.0240.70%
603171.SSServyou Software Group Co., Ltd.0.38%$0.2179.32%
688309.SSNiutech Environment Technology Corporation0.38%$0.0922.96%
688315.SSNovogene Co., Ltd.0.38%$0.0511.56%
688578.SSShanghai Allist Pharmaceuticals Co., Ltd.0.38%$0.409.08%
7191.TEntrust Inc.0.38%$4.486.85%
IMPPImperial Petroleum Inc.0.38%$0.011.28%
VIH1.DEVIB Vermögen AG0.38%$0.042.85%
002040.SZNanjing Port Co., Ltd.0.37%$0.0410.56%
002497.SZSichuan Yahua Industrial Group Co., Ltd.0.37%$0.0923.46%
002553.SZJiangsu NanFang Precision Co.,Ltd.0.37%$0.1010.30%
1258.HKChina Nonferrous Mining Corporation Limited0.37%$0.0629.37%
300403.SZHanyu Group Joint-Stock Co., Ltd.0.37%$0.0514.20%
300425.SZCscec Scimee Sci.&Tech. Co.,Ltd0.37%$0.0220.23%
300445.SZBeijing ConST Instruments Technology Inc.0.37%$0.1015.61%
300549.SZJouder Precision Industry (Kunshan) Co., Ltd.0.37%$0.0796.31%
300785.SZBeijing Zhidemai Technology Co., Ltd.0.37%$0.1638.45%
301608.SZShenzhen Boshijie Technology Co Ltd0.37%$0.3413.54%
3563.TFood & Life Companies Ltd.0.37%$29.5214.77%
5211.KLSunway Berhad0.37%$0.0212.24%
600420.SSShanghai Shyndec Pharmaceutical Co., Ltd.0.37%$0.045.33%
600671.SSHangzhou TianMuShan Pharmaceutical Enterprise Co.,Ltd0.37%$0.0623.74%
600764.SSChina Marine Information Electronics Company Limited0.37%$0.1030.43%
601766.SSCRRC Corporation Limited0.37%$0.034.85%
603002.SSEpoxy Base Electronic Material Corporation Limited0.37%$0.0381.64%
603009.SSShanghai Beite Technology Co., Ltd.0.37%$0.1858.70%
603363.SSFujian Aonong Biological Technology Group Incorporation Limited0.37%$0.022.43%
6545.Tinternet infinity Inc.0.37%$2.405.26%
688028.SSBeijing Worldia Diamond Tools Co.,Ltd.0.37%$0.2438.20%
688285.SSChina Railway High-speed Electrification Equipment Corporation Limited0.37%$0.0320.73%