DDM Analysis: PAZ.SN

Valuation Snapshot

Stable Growth	$532.70 - $824.16	$667.86
Multi-Stage	$1,194.72 - $1,316.35	$1,254.33
Blended Fair Value	$961.10
Current Price	$569.88
Upside	68.65%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	-0.65%	9.87%	30.00	42.00	33.00	17.00	27.00	31.00	30.00	29.00	43.00	22.60
YoY Growth	-	-	-28.57%	27.27%	94.12%	-37.04%	-12.90%	3.33%	3.45%	-32.56%	90.24%	93.15%
Dividend Yield	-	-	6.20%	7.43%	7.60%	5.07%	3.79%	7.36%	3.00%	3.15%	6.68%	5.27%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	16,222.13
(-) Cash Dividends Paid (M)	4,250.54
(=) Cash Retained (M)	11,971.60

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	3,244.43	2,027.77	1,216.66
Cash Retained (M)	11,971.60	11,971.60	11,971.60
(-) Cash Required (M)	-3,244.43	-2,027.77	-1,216.66
(=) Excess Retained (M)	8,727.17	9,943.83	10,754.94
(/) Shares Outstanding (M)	283.39	283.39	283.39
(=) Excess Retained per Share	30.80	35.09	37.95
LTM Dividend per Share	15.00	15.00	15.00
(+) Excess Retained per Share	30.80	35.09	37.95
(=) Adjusted Dividend	45.79	50.09	52.95
WACC / Discount Rate	6.42%	6.42%	6.42%
Growth Rate	-2.00%	-1.00%	0.00%
Fair Value	$532.70	$667.86	$824.16
Upside / Downside	-6.52%	17.19%	44.62%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	16,222.13	16,059.91	15,899.31	15,740.32	15,582.92	15,427.09	15,889.90
Payout Ratio	26.20%	38.96%	51.72%	64.48%	77.24%	90.00%	92.50%
Projected Dividends (M)	4,250.54	6,257.21	8,223.32	10,149.49	12,036.31	13,884.38	14,698.16

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.42%	6.42%	6.42%
Growth Rate	-2.00%	-1.00%	0.00%
Year 1 PV (M)	5,820.08	5,879.47	5,938.85
Year 2 PV (M)	7,114.49	7,260.42	7,407.84
Year 3 PV (M)	8,167.48	8,420.07	8,677.81
Year 4 PV (M)	9,009.18	9,382.57	9,767.45
Year 5 PV (M)	9,666.44	10,169.80	10,693.90
PV of Terminal Value (M)	298,791.23	314,349.98	330,550.23
Equity Value (M)	338,568.90	355,462.30	373,036.08
Shares Outstanding (M)	283.39	283.39	283.39
Fair Value	$1,194.72	$1,254.33	$1,316.35
Upside / Downside	109.64%	120.11%	130.99%

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%

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

Paz Corp S.A. (PAZ.SN)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener