Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Antero Midstream Corporation (AM)

Company Dividend Discount ModelIndustry: Oil & Gas MidstreamSector: Energy

Valuation Snapshot

Stable Growth$7.14 - $10.36$8.70
Multi-Stage$12.98 - $14.20$13.58
Blended Fair Value$11.14
Current Price$19.44
Upside-42.68%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-2.47%0.00%0.900.900.890.971.221.030.180.070.000.00
YoY Growth--0.51%0.59%-8.14%-20.09%18.92%473.43%172.75%0.00%-100.00%0.00%
Dividend Yield--5.03%6.36%8.53%8.96%13.50%48.81%1.25%0.41%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)472.42
(-) Cash Dividends Paid (M)440.20
(=) Cash Retained (M)32.22
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)94.4859.0535.43
Cash Retained (M)32.2232.2232.22
(-) Cash Required (M)-94.48-59.05-35.43
(=) Excess Retained (M)-62.26-26.83-3.21
(/) Shares Outstanding (M)483.69483.69483.69
(=) Excess Retained per Share-0.13-0.06-0.01
LTM Dividend per Share0.910.910.91
(+) Excess Retained per Share-0.13-0.06-0.01
(=) Adjusted Dividend0.780.850.90
WACC / Discount Rate8.72%8.72%8.72%
Growth Rate-2.00%-1.00%0.00%
Fair Value$7.14$8.70$10.36
Upside / Downside-63.26%-55.23%-46.71%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)472.42467.70463.02458.39453.81449.27462.75
Payout Ratio93.18%92.54%91.91%91.27%90.64%90.00%92.50%
Projected Dividends (M)440.20432.83425.55418.38411.31404.34428.04

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.72%8.72%8.72%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)394.09398.11402.13
Year 2 PV (M)352.78360.02367.33
Year 3 PV (M)315.80325.56335.53
Year 4 PV (M)282.67294.39306.46
Year 5 PV (M)253.01266.19279.90
PV of Terminal Value (M)4,681.814,925.605,179.45
Equity Value (M)6,280.166,569.876,870.80
Shares Outstanding (M)483.69483.69483.69
Fair Value$12.98$13.58$14.20
Upside / Downside-33.21%-30.13%-26.93%

High-Yield Dividend Screener

« Prev Page 129 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
002722.SZWuchan Zhongda Geron Co.,Ltd.0.17%$0.033.76%
039030.KQEO Technics Co., Ltd.0.17%$499.1615.81%
091990.KQCelltrion Healthcare Co., Ltd.0.17%$126.4846.75%
300180.SZHuafon Microfibre (Shanghai) Co., Ltd.0.17%$0.0149.87%
300546.SZShenzhen Emperor Technology Co., Ltd.0.17%$0.0522.83%
300733.SZChengdu Xiling Power Science & Technology Incorporated Company0.17%$0.0310.55%
300834.SZRastar Environmental Protection Materials Co.,Ltd.0.17%$0.0411.57%
300984.SZZhejiang JW Precision Machinery Co.,Ltd0.17%$0.1542.96%
600111.SSChina Northern Rare Earth (Group) High-Tech Co.,Ltd0.17%$0.0812.90%
601616.SSShanghai Guangdian Electric Group Co., Ltd.0.17%$0.0128.77%
603079.SSZhejiang Shengda Bio-Pharm Co., Ltd.0.17%$0.039.10%
603319.SSHunan Meihu Intelligent Manufacturing Co., Ltd.0.17%$0.0614.10%
603711.SSXIANGPIAOPIAO Food Co.,Ltd0.17%$0.026.57%
688385.SSShanghai Fudan Microelectronics Group Company Limited0.17%$0.1221.32%
9099.TChilled & Frozen Logistics Holdings Co., Ltd.0.17%$9.706.78%
GMEXICOB.MXGrupo México, S.A.B. de C.V.0.17%$0.3059.45%
OMN.JOOmnia Holdings Limited0.17%$13.8594.85%
000409.SZYunding Technology Co.,Ltd.0.16%$0.0219.37%
000908.SZHunan Jingfeng Pharmaceutical Co.,Ltd.0.16%$0.016.42%
002467.SZNET263 Ltd.0.16%$0.0117.22%
002476.SZShandong Polymer Biochemicals Co., Ltd.0.16%$0.0110.27%
002837.SZShenzhen Envicool Technology Co., Ltd.0.16%$0.1833.86%
1928.HKSands China Ltd.0.16%$0.0313.16%
300034.SZGaona Aero Material Co., Ltd.0.16%$0.0318.13%
300129.SZTSP Wind Power Group Co., Ltd Class A0.16%$0.026.41%
300260.SZKunshan Kinglai Hygienic Materials Co.,Ltd.0.16%$0.0921.86%
300644.SZNanjing Julong Science&Technology Co.,LTD0.16%$0.065.18%
600287.SSSoho Fashion Group Co., Ltd.0.16%$0.0115.16%
600416.SSXiangtan Electric Manufacturing Co. Ltd.0.16%$0.0313.48%
600630.SSShanghai Dragon Corporation0.16%$0.0118.99%
603986.SSGigaDevice Semiconductor (Beijing) Inc.0.16%$0.3416.54%
688019.SSAnji Microelectronics Technology (Shanghai) Co., Ltd.0.16%$0.368.24%
688519.SSNanya New Material Technology Co.,Ltd0.16%$0.1319.13%
688565.SSZhejiang Haiyan Power System Resources Environmental Technology Co.,Ltd.0.16%$0.028.03%
8932.TWOWiselink Co., Ltd.0.16%$0.277.22%
CCJCameco Corporation0.16%$0.1613.24%
CCT.LThe Character Group plc0.16%$0.3965.59%
DOHL3.SADöhler S.A.0.16%$0.0114.11%
EQU.JOEquites Property Fund Limited0.16%$2.9197.24%
ESPA3.SAMPM Corpóreos S.A.0.16%$0.005.29%
INVP.LInvestec Group0.16%$0.9360.39%
LEW.JOLewis Group Limited0.16%$14.7959.54%
NCYF.LCQS New City High Yield Fund Limited0.16%$0.0881.46%
SPNTSiriusPoint Ltd.0.16%$0.032.02%
TGSU2.BATransportadora de Gas del Sur S.A.0.16%$15.402.85%
000036.SZChina Union Holdings Ltd.0.15%$0.0134.20%
000901.SZAerospace Hi-Tech Holding Group Co., Ltd.0.15%$0.0420.29%
000919.SZJinling Pharmaceutical Company Limited0.15%$0.0120.06%
002077.SZJiangsu Dagang Co., Ltd.0.15%$0.0229.00%
002602.SZZhejiang Century Huatong Group Co.,Ltd0.15%$0.035.13%