Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Trinity Capital Inc. 7.875% Notes Due 2029 (TRINI)

Company Dividend Discount ModelIndustry: Asset ManagementSector: Financial Services

Valuation Snapshot

Stable Growth$19.38 - $29.10$23.98
Multi-Stage$39.88 - $43.76$41.79
Blended Fair Value$32.88
Current Price$25.15
Upside30.75%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR202420232022202120202019
DPS0.00%0.00%0.001.200.930.380.000.000.000.000.000.00
YoY Growth---100.00%28.86%145.36%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--0.00%4.79%3.72%1.52%0.00%0.00%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)151.97
(-) Cash Dividends Paid (M)126.86
(=) Cash Retained (M)25.11
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)30.3919.0011.40
Cash Retained (M)25.1125.1125.11
(-) Cash Required (M)-30.39-19.00-11.40
(=) Excess Retained (M)-5.286.1113.71
(/) Shares Outstanding (M)65.8465.8465.84
(=) Excess Retained per Share-0.080.090.21
LTM Dividend per Share1.931.931.93
(+) Excess Retained per Share-0.080.090.21
(=) Adjusted Dividend1.852.022.13
WACC / Discount Rate7.34%7.34%7.34%
Growth Rate-2.00%-1.00%0.00%
Fair Value$19.38$23.98$29.10
Upside / Downside-22.94%-4.65%15.70%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)151.97150.45148.94147.46145.98144.52148.86
Payout Ratio83.48%84.78%86.09%87.39%88.70%90.00%92.50%
Projected Dividends (M)126.86127.55128.22128.86129.48130.07137.69

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.34%7.34%7.34%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)117.63118.83120.04
Year 2 PV (M)109.05111.29113.55
Year 3 PV (M)101.08104.20107.39
Year 4 PV (M)93.6697.54101.54
Year 5 PV (M)86.7791.2995.99
PV of Terminal Value (M)2,117.842,228.122,342.94
Equity Value (M)2,626.032,751.282,881.46
Shares Outstanding (M)65.8465.8465.84
Fair Value$39.88$41.79$43.76
Upside / Downside58.58%66.15%74.01%

High-Yield Dividend Screener

« Prev Page 130 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
002644.SZLanZhou Foci Pharmaceutical Co.,Ltd.0.15%$0.0110.93%
002738.SZSinomine Resource Group Co., Ltd.0.15%$0.1220.13%
0029.HKDynamic Holdings Limited0.15%$0.020.09%
078600.KQDaejoo Electronic Materials Co., Ltd.0.15%$90.184.20%
300005.SZToread Holdings Group Co., Ltd.0.15%$0.0237.30%
300638.SZFibocom Wireless Inc.0.15%$0.0410.30%
600410.SSBeijing Teamsun Technology Co.,Ltd.0.15%$0.034.97%
600618.SSShanghai Chlor-Alkali Chemical Co., Ltd.0.15%$0.022.63%
600641.SSShanghai Vital Microtech Co., Ltd.0.15%$0.0315.04%
601599.SSZhewen Pictures Group co.,ltd0.15%$0.015.94%
603117.SSJiangsu Wanlin Modern Logistics Co., Ltd.0.15%$0.0161.86%
603210.SSZhejiang Tion Vanly Tech Co0.15%$0.035.01%
BC88.LChemring Group PLC0.15%$0.1586.91%
DOHOME.BKDohome Public Company Limited0.15%$0.012.57%
DUKE.LDuke Capital Limited0.15%$0.044.12%
NED.JONedbank Group Limited0.15%$40.8660.21%
NPAPER.STNordic Paper Holding AB (publ)0.15%$0.071.28%
RLO.JOReunert Limited0.15%$9.3879.06%
SBK.JOStandard Bank Group Limited0.15%$44.1377.73%
SORILINFRA.NSSORIL Infra Resources Limited0.15%$0.105.16%
SWEF.LStarwood European Real Estate Finance Ltd.0.15%$0.1391.01%
000586.SZSichuan Huiyuan Optical Communication Co., Ltd.0.14%$0.0244.33%
000856.SZTangshan Jidong Equipment and Engineering Co.,Ltd.0.14%$0.0117.85%
002639.SZFujian Snowman Co., Ltd.0.14%$0.0348.98%
002728.SZTeyi Pharmaceutical Group Co.,Ltd0.14%$0.029.58%
005690.KSPharmicell Co., Ltd.0.14%$19.964.17%
035720.KSKakao Corp.0.14%$88.5718.25%
0NJ5.LSafilo Group S.p.A.0.14%$0.001.58%
2209.HKYesAsia Holdings Limited0.14%$0.016.15%
300054.SZHubei Dinglong CO.,Ltd.0.14%$0.057.62%
300395.SZHubei Feilihua Quartz Glass Co., Ltd.0.14%$0.1417.56%
300476.SZVictory Giant Technology (HuiZhou)Co.,Ltd.0.14%$0.399.34%
300747.SZWuhan Raycus Fiber Laser Technologies Co.,Ltd.0.14%$0.0415.51%
301205.SZLinktel Technologies Co., Ltd.0.14%$0.2427.45%
3678.HKHolly Futures Co., Ltd.0.14%$0.0034.97%
600367.SSGuizhou RedStar Developing Co.,Ltd.0.14%$0.025.81%
600749.SSTibet Tourism Co.,Ltd0.14%$0.0217.67%
601949.SSChina Publishing & Media Holdings Co., Ltd.0.14%$0.013.01%
603893.SSRockchip Electronics Co., Ltd.0.14%$0.2410.24%
688280.SSJing-jin Electric Technologies Co.,Ltd.0.14%$0.0121.75%
688386.SSPan Asian Microvent Tech (Jiangsu) Corporation0.14%$0.128.84%
ABDN.LAbrdn Plc0.14%$0.2982.86%
BNREBrookfield Reinsurance Ltd.0.14%$0.080.97%
CARD.LCard Factory plc0.14%$0.0938.71%
CLIG.LCity of London Investment Group PLC0.14%$0.5386.50%
EMG.LMan Group Limited0.14%$0.3377.80%
HDC.JOHudaco Industries Limited0.14%$28.8074.88%
HFEL.LHenderson Far East Income Limited0.14%$0.3571.74%
MLPT.JKPT Multipolar Technology Tbk0.14%$86.0051.13%
MONY.LMony Group PLC0.14%$0.2583.28%