DDM Analysis: 0RE6.L

Valuation Snapshot

Stable Growth	$145.79 - $253.51	$191.93
Multi-Stage	$224.26 - $246.46	$235.15
Blended Fair Value	$213.54
Current Price	$122.00
Upside	75.03%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	2.82%	7.91%	3.88	3.58	3.48	3.38	3.38	3.38	3.17	0.00	1.87	1.81
YoY Growth	-	-	8.45%	2.90%	2.99%	0.00%	0.00%	6.35%	0.00%	-100.00%	3.10%	0.00%
Dividend Yield	-	-	3.53%	3.28%	3.34%	3.34%	3.22%	2.99%	2.78%	0.00%	2.44%	2.22%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	176.08
(-) Cash Dividends Paid (M)	28.05
(=) Cash Retained (M)	148.04

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	35.22	22.01	13.21
Cash Retained (M)	148.04	148.04	148.04
(-) Cash Required (M)	-35.22	-22.01	-13.21
(=) Excess Retained (M)	112.82	126.03	134.83
(/) Shares Outstanding (M)	15.68	15.68	15.68
(=) Excess Retained per Share	7.20	8.04	8.60
LTM Dividend per Share	1.79	1.79	1.79
(+) Excess Retained per Share	7.20	8.04	8.60
(=) Adjusted Dividend	8.98	9.83	10.39
WACC / Discount Rate	7.03%	7.03%	7.03%
Growth Rate	0.82%	1.82%	2.82%
Fair Value	$145.79	$191.93	$253.51
Upside / Downside	19.50%	57.32%	107.80%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	176.08	179.29	182.56	185.88	189.27	192.71	198.49
Payout Ratio	15.93%	30.74%	45.56%	60.37%	75.19%	90.00%	92.50%
Projected Dividends (M)	28.05	55.12	83.17	112.22	142.30	173.44	183.61

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	7.03%	7.03%	7.03%
Growth Rate	0.82%	1.82%	2.82%
Year 1 PV (M)	50.99	51.49	52.00
Year 2 PV (M)	71.17	72.59	74.03
Year 3 PV (M)	88.84	91.51	94.24
Year 4 PV (M)	104.22	108.42	112.74
Year 5 PV (M)	117.52	123.46	129.64
PV of Terminal Value (M)	3,083.15	3,239.12	3,401.33
Equity Value (M)	3,515.89	3,686.59	3,863.98
Shares Outstanding (M)	15.68	15.68	15.68
Fair Value	$224.26	$235.15	$246.46
Upside / Downside	83.82%	92.74%	102.02%

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

Walliser Kantonalbank (0RE6.L)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener