DDM Analysis: BN4.SI

Valuation Snapshot

Stable Growth	$2.74 - $3.98	$3.34
Multi-Stage	$7.54 - $8.31	$7.92
Blended Fair Value	$5.63
Current Price	$7.42
Upside	-24.16%
Decision	Don't Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	7.79%	-2.24%	0.33	0.32	0.35	0.19	0.15	0.23	0.29	0.20	0.30	0.48
YoY Growth	-	-	4.57%	-9.59%	86.04%	26.61%	-34.66%	-20.57%	44.73%	-33.25%	-37.57%	14.36%
Dividend Yield	-	-	4.85%	4.31%	6.23%	5.66%	4.26%	6.61%	6.98%	3.92%	6.57%	12.52%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	693.26
(-) Cash Dividends Paid (M)	522.06
(=) Cash Retained (M)	171.20

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	138.65	86.66	51.99
Cash Retained (M)	171.20	171.20	171.20
(-) Cash Required (M)	-138.65	-86.66	-51.99
(=) Excess Retained (M)	32.55	84.54	119.21
(/) Shares Outstanding (M)	1,833.51	1,833.51	1,833.51
(=) Excess Retained per Share	0.02	0.05	0.07
LTM Dividend per Share	0.28	0.28	0.28
(+) Excess Retained per Share	0.02	0.05	0.07
(=) Adjusted Dividend	0.30	0.33	0.35
WACC / Discount Rate	6.34%	6.34%	6.34%
Growth Rate	-4.24%	-3.24%	-2.24%
Fair Value	$2.74	$3.34	$3.98
Upside / Downside	-63.13%	-55.00%	-46.34%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	693.26	670.78	649.03	627.98	607.62	587.92	605.55
Payout Ratio	75.31%	78.24%	81.18%	84.12%	87.06%	90.00%	92.50%
Projected Dividends (M)	522.06	524.84	526.90	528.27	529.00	529.12	560.14

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.34%	6.34%	6.34%
Growth Rate	-4.24%	-3.24%	-2.24%
Year 1 PV (M)	488.43	493.53	498.63
Year 2 PV (M)	456.32	465.90	475.58
Year 3 PV (M)	425.77	439.25	453.01
Year 4 PV (M)	396.78	413.61	430.98
Year 5 PV (M)	369.34	389.03	409.55
PV of Terminal Value (M)	11,689.78	12,313.05	12,962.62
Equity Value (M)	13,826.41	14,514.37	15,230.37
Shares Outstanding (M)	1,833.51	1,833.51	1,833.51
Fair Value	$7.54	$7.92	$8.31
Upside / Downside	1.63%	6.69%	11.95%

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

Analysis Mode

Ticker

Industry

Sector

Keppel Corporation Limited (BN4.SI)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener