DDM Analysis: MALT.PA

Valuation Snapshot

Stable Growth	$2,587.61 - $4,979.11	$3,544.39
Multi-Stage	$3,668.80 - $4,032.67	$3,847.26
Blended Fair Value	$3,695.82
Current Price	$895.00
Upside	312.94%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DPS	-6.44%	-3.95%	3.90	3.93	0.00	0.00	45.41	5.44	5.89	5.04	5.45	4.49
YoY Growth	-	-	-0.77%	0.00%	0.00%	-100.00%	734.99%	-7.63%	16.84%	-7.51%	21.48%	-23.12%
Dividend Yield	-	-	0.44%	0.65%	0.00%	0.00%	5.31%	0.92%	0.98%	0.96%	1.24%	1.81%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	81.59
(-) Cash Dividends Paid (M)	3.88
(=) Cash Retained (M)	77.71

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	16.32	10.20	6.12
Cash Retained (M)	77.71	77.71	77.71
(-) Cash Required (M)	-16.32	-10.20	-6.12
(=) Excess Retained (M)	61.39	67.51	71.59
(/) Shares Outstanding (M)	0.50	0.50	0.50
(=) Excess Retained per Share	123.75	136.09	144.31
LTM Dividend per Share	7.83	7.83	7.83
(+) Excess Retained per Share	123.75	136.09	144.31
(=) Adjusted Dividend	131.58	143.92	152.14
WACC / Discount Rate	6.72%	6.72%	6.72%
Growth Rate	1.56%	2.56%	3.56%
Fair Value	$2,587.61	$3,544.39	$4,979.11
Upside / Downside	189.12%	296.02%	456.33%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	81.59	83.68	85.82	88.02	90.27	92.58	95.36
Payout Ratio	4.76%	21.81%	38.86%	55.90%	72.95%	90.00%	92.50%
Projected Dividends (M)	3.88	18.25	33.35	49.21	65.86	83.33	88.21

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.72%	6.72%	6.72%
Growth Rate	1.56%	2.56%	3.56%
Year 1 PV (M)	16.93	17.10	17.27
Year 2 PV (M)	28.71	29.28	29.85
Year 3 PV (M)	39.31	40.48	41.68
Year 4 PV (M)	48.81	50.76	52.77
Year 5 PV (M)	57.30	60.18	63.17
PV of Terminal Value (M)	1,628.94	1,710.73	1,795.78
Equity Value (M)	1,820.01	1,908.54	2,000.52
Shares Outstanding (M)	0.50	0.50	0.50
Fair Value	$3,668.80	$3,847.26	$4,032.67
Upside / Downside	309.92%	329.86%	350.58%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 12 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
SO	The Southern Company	3.09%	$2.69	67.01%
CFR	Cullen/Frost Bankers, Inc.	3.08%	$3.94	39.68%
CMS	CMS Energy Corporation	3.08%	$2.17	62.27%
SJW	SJW Group	3.08%	$1.60	52.08%
SNV	Synovus Financial Corp.	3.08%	$1.54	27.05%
0HCT.L	Alliant Energy Corporation	3.07%	$1.99	62.84%
0M3L.L	Zions Bancorporation, National Association	3.07%	$1.79	31.01%
IVZ	Invesco Ltd.	3.07%	$0.83	35.83%
SWX	Southwest Gas Holdings, Inc.	3.07%	$2.46	38.44%
PEG	Public Service Enterprise Group Incorporated	3.06%	$2.48	59.65%
CASS	Cass Information Systems, Inc.	3.05%	$1.24	52.58%
CIVB	Civista Bancshares, Inc.	3.05%	$0.67	25.26%
TXN	Texas Instruments Incorporated	3.05%	$5.41	98.14%
CTRE	CareTrust REIT, Inc.	3.04%	$1.10	89.62%
UCB	United Community Banks, Inc.	3.04%	$0.95	36.76%
DRI	Darden Restaurants, Inc.	3.03%	$5.68	60.69%
HMN	Horace Mann Educators Corporation	3.02%	$1.36	34.55%
VG	Venture Global, Inc.	3.02%	$0.21	24.09%
HFBL	Home Federal Bancorp, Inc. of Louisiana	3.01%	$0.54	35.96%
TOWN	TowneBank	3.01%	$1.00	45.24%
GBCI	Glacier Bancorp, Inc.	3.00%	$1.34	64.06%
MBWM	Mercantile Bank Corporation	3.00%	$1.43	27.14%
PPL	PPL Corporation	3.00%	$1.05	71.70%
DTSQ	DT Cloud Star Acquisition Corporation	2.99%	$0.32	87.02%
EBMT	Eagle Bancorp Montana, Inc.	2.99%	$0.58	33.76%
INDB	Independent Bank Corp.	2.99%	$2.19	35.86%
ESSA	ESSA Bancorp, Inc.	2.98%	$0.61	39.75%
RDN	Radian Group Inc.	2.98%	$1.07	25.60%
0K0X.L	MetLife, Inc.	2.96%	$2.36	41.08%
CUBB	Customers Bancorp, Inc 5.375% S	2.96%	$0.66	12.54%
HBB	Hamilton Beach Brands Holding Company	2.96%	$0.47	20.02%
SD	SandRidge Energy, Inc.	2.96%	$0.44	24.38%
STRW	Strawberry Fields REIT LLC	2.95%	$0.38	70.76%
INGR	Ingredion Incorporated	2.94%	$3.23	32.02%
JWN	Nordstrom, Inc.	2.94%	$0.73	42.03%
PKBK	Parke Bancorp, Inc.	2.94%	$0.71	25.08%
0JW2.L	M&T Bank Corporation	2.93%	$5.91	33.38%
EIG	Employers Holdings, Inc.	2.93%	$1.26	48.48%
MYE	Myers Industries, Inc.	2.93%	$0.55	73.41%
RM	Regional Management Corp.	2.93%	$1.15	28.16%
HSY	The Hershey Company	2.92%	$5.33	79.75%
STZ	Constellation Brands, Inc.	2.92%	$4.12	59.24%
AROC	Archrock, Inc.	2.91%	$0.77	51.05%
JXN	Jackson Financial Inc.	2.91%	$3.13	38.19%
OSPN	OneSpan Inc.	2.91%	$0.36	23.87%
0LC6.L	Sysco Corporation	2.90%	$2.10	55.57%
EXE	Expand Energy Corporation	2.89%	$3.17	87.89%
PG	The Procter & Gamble Company	2.89%	$4.09	59.50%
RES	RPC, Inc.	2.89%	$0.16	72.96%
0M1R.L	Xcel Energy Inc.	2.88%	$2.16	65.69%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

Malteries Franco-Belges S.A. (MALT.PA)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener