DDM Analysis: EXX.JO

Valuation Snapshot

Stable Growth	$1,259.13 - $2,547.82	$1,757.28
Multi-Stage	$986.88 - $1,074.85	$1,030.08
Blended Fair Value	$1,393.68
Current Price	$146.92
Upside	848.60%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	-0.24%	10.83%	23.78	22.79	36.95	52.48	16.61	24.06	1.02	9.22	2.59	4.07
YoY Growth	-	-	4.34%	-38.31%	-29.61%	215.95%	-30.97%	2,253.04%	-88.91%	256.32%	-36.48%	-52.12%
Dividend Yield	-	-	15.06%	11.15%	17.00%	34.33%	11.96%	18.35%	0.74%	5.69%	2.89%	9.25%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	17,250.00
(-) Cash Dividends Paid (M)	9,862.00
(=) Cash Retained (M)	7,388.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	3,450.00	2,156.25	1,293.75
Cash Retained (M)	7,388.00	7,388.00	7,388.00
(-) Cash Required (M)	-3,450.00	-2,156.25	-1,293.75
(=) Excess Retained (M)	3,938.00	5,231.75	6,094.25
(/) Shares Outstanding (M)	241.52	241.52	241.52
(=) Excess Retained per Share	16.31	21.66	25.23
LTM Dividend per Share	40.83	40.83	40.83
(+) Excess Retained per Share	16.31	21.66	25.23
(=) Adjusted Dividend	57.14	62.50	66.07
WACC / Discount Rate	10.29%	10.29%	10.29%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$1,259.13	$1,757.28	$2,547.82
Upside / Downside	757.02%	1,096.08%	1,634.15%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	17,250.00	18,371.25	19,565.38	20,837.13	22,191.54	23,633.99	24,343.01
Payout Ratio	57.17%	63.74%	70.30%	76.87%	83.43%	90.00%	92.50%
Projected Dividends (M)	9,862.00	11,709.25	13,754.97	16,017.17	18,515.34	21,270.60	22,517.29

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	10.29%	10.29%	10.29%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	10,517.33	10,617.02	10,716.71
Year 2 PV (M)	11,097.18	11,308.55	11,521.91
Year 3 PV (M)	11,606.86	11,940.06	12,279.56
Year 4 PV (M)	12,051.39	12,514.85	12,991.56
Year 5 PV (M)	12,435.45	13,036.09	13,659.71
PV of Terminal Value (M)	180,641.14	189,366.17	198,425.13
Equity Value (M)	238,349.35	248,782.73	259,594.58
Shares Outstanding (M)	241.52	241.52	241.52
Fair Value	$986.88	$1,030.08	$1,074.85
Upside / Downside	571.71%	601.12%	631.59%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 13 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
CL	Colgate-Palmolive Company	2.88%	$2.24	62.40%
TCBK	TriCo Bancshares	2.87%	$1.35	37.83%
0U6R.L	Bunge Limited	2.86%	$3.05	31.37%
FBMS	The First Bancshares, Inc.	2.86%	$0.97	39.72%
RILYG	B. Riley Financial, Inc. 5.00% Senior Notes due 2026	2.86%	$0.58	56.91%
CNS	Cohen & Steers, Inc.	2.85%	$1.81	56.91%
MRBK	Meridian Corporation	2.85%	$0.49	27.85%
AMGN	Amgen Inc.	2.84%	$9.31	72.03%
BKH	Black Hills Corporation	2.84%	$1.98	50.60%
GABC	German American Bancorp, Inc.	2.84%	$1.11	40.35%
HOMB	Home Bancshares, Inc.	2.84%	$0.79	34.17%
KO	The Coca-Cola Company	2.84%	$1.96	65.04%
SBFG	SB Financial Group, Inc.	2.84%	$0.61	28.02%
TSBK	Timberland Bancorp, Inc.	2.84%	$1.00	27.24%
CATY	Cathay General Bancorp	2.83%	$1.38	31.20%
CWT	California Water Service Group	2.83%	$1.22	53.25%
EBIX	Ebix, Inc.	2.83%	$0.08	46.85%
CMS-PB	Consumers Energy Company	2.82%	$2.17	62.27%
EPRT	Essential Properties Realty Trust, Inc.	2.82%	$0.85	70.58%
GPK	Graphic Packaging Holding Company	2.82%	$0.43	24.85%
VALSX	Value Line Select Growth Fund	2.82%	$0.87	56.29%
CCNE	CNB Financial Corporation	2.81%	$0.72	35.05%
ORRF	Orrstown Financial Services, Inc.	2.81%	$0.98	26.05%
TXNM	TXNM Energy, Inc.	2.80%	$1.65	86.75%
STC	Stewart Information Services Corporation	2.79%	$1.95	54.56%
CVLY	Codorus Valley Bancorp, Inc.	2.77%	$0.67	28.98%
KKRS	KKR Group Finance Co. IX LLC 4.	2.77%	$0.49	7.61%
SHBI	Shore Bancshares, Inc.	2.77%	$0.48	28.28%
HNNA	Hennessy Advisors, Inc.	2.76%	$0.27	21.11%
HONE	HarborOne Bancorp, Inc.	2.76%	$0.33	51.05%
KMT	Kennametal Inc.	2.76%	$0.80	65.12%
PNM	PNM Resources, Inc.	2.76%	$1.12	57.65%
HWC	Hancock Whitney Corporation	2.75%	$1.77	31.35%
YOU	Clear Secure, Inc.	2.75%	$0.95	50.89%
0HE2.L	Ameren Corporation	2.74%	$2.78	53.51%
MTDR	Matador Resources Company	2.74%	$1.19	18.96%
OFG	OFG Bancorp	2.74%	$1.12	25.13%
VLO	Valero Energy Corporation	2.74%	$4.53	93.65%
YORW	The York Water Company	2.73%	$0.87	62.37%
CCZ	Comcast Holdings Corp.	2.72%	$1.63	26.92%
K	Kellanova	2.72%	$2.27	62.18%
ADT	ADT Inc.	2.71%	$0.22	29.95%
AVT	Avnet, Inc.	2.71%	$1.34	48.46%
BKU	BankUnited, Inc.	2.71%	$1.21	34.19%
CNOB	ConnectOne Bancorp, Inc.	2.71%	$0.71	48.64%
GBX	The Greenbrier Companies, Inc.	2.71%	$1.28	19.40%
PBHC	Pathfinder Bancorp, Inc.	2.71%	$0.38	26.39%
TRIN	Trinity Capital Inc.	2.71%	$0.41	20.50%
RILYN	B. Riley Financial, Inc. - 6.50	2.70%	$0.58	56.91%
0L5A.L	Sempra	2.69%	$2.41	72.79%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

Exxaro Resources Limited (EXX.JO)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener