Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Mode

Ticker

Industry

Sector

Caterpillar Inc. (CAT)

Company Dividend Discount ModelIndustry: Agricultural - MachinerySector: Industrials

Valuation Snapshot

Stable Growth$445.84 - $1,194.16$683.84
Multi-Stage$579.42 - $636.24$607.29
Blended Fair Value$645.56
Current Price$477.15
Upside35.30%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS4.41%5.03%5.555.385.124.894.714.474.093.843.783.69
YoY Growth--3.24%5.04%4.63%3.97%5.21%9.28%6.55%1.78%2.39%8.46%
Dividend Yield--1.68%1.48%2.24%2.20%2.03%3.86%2.92%2.61%4.07%4.82%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)9,263.00
(-) Cash Dividends Paid (M)2,723.00
(=) Cash Retained (M)6,540.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1,852.601,157.88694.73
Cash Retained (M)6,540.006,540.006,540.00
(-) Cash Required (M)-1,852.60-1,157.88-694.73
(=) Excess Retained (M)4,687.405,382.135,845.28
(/) Shares Outstanding (M)476.53476.53476.53
(=) Excess Retained per Share9.8411.2912.27
LTM Dividend per Share5.715.715.71
(+) Excess Retained per Share9.8411.2912.27
(=) Adjusted Dividend15.5517.0117.98
WACC / Discount Rate5.99%5.99%5.99%
Growth Rate2.41%3.41%4.41%
Fair Value$445.84$683.84$1,194.16
Upside / Downside-6.56%43.32%150.27%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)9,263.009,579.289,906.3610,244.6010,594.4010,956.1411,284.82
Payout Ratio29.40%41.52%53.64%65.76%77.88%90.00%92.50%
Projected Dividends (M)2,723.003,977.055,313.566,736.718,250.849,860.5210,438.46

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate5.99%5.99%5.99%
Growth Rate2.41%3.41%4.41%
Year 1 PV (M)3,716.123,752.413,788.69
Year 2 PV (M)4,639.214,730.254,822.17
Year 3 PV (M)5,495.855,658.415,824.15
Year 4 PV (M)6,289.476,538.746,795.35
Year 5 PV (M)7,023.367,373.017,736.45
PV of Terminal Value (M)248,943.34261,336.74274,218.88
Equity Value (M)276,107.34289,389.55303,185.69
Shares Outstanding (M)476.53476.53476.53
Fair Value$579.42$607.29$636.24
Upside / Downside21.43%27.27%33.34%

High-Yield Dividend Screener

« Prev Page 132 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
603098.SSCenter International Group Co.,Ltd.0.12%$0.029.13%
605186.SSShanghai General Healthy Information and Technology Co., Ltd.0.12%$0.0235.76%
688396.SSChina Resources Microelectronics Limited0.12%$0.0610.78%
688425.SSChina Railway Construction Heavy Industry Corporation Limited0.12%$0.012.19%
688588.SSLinkage Software Co., Ltd.0.12%$0.026.76%
688661.SSSuzhou UIGreen Micro&Nano Technologies Co.,Ltd0.12%$0.0624.89%
ANANTRAJ.BOAnant Raj Limited0.12%$0.735.08%
AQSG.LAquila Services Group plc0.12%$0.0133.77%
BREE.LBreedon Group plc0.12%$0.3870.10%
ICICIPRULI.BOICICI Prudential Life Insurance Company Limited0.12%$0.839.28%
JHD.LJames Halstead plc0.12%$0.1779.18%
MIDW.LMidwich Group plc0.12%$0.2274.12%
MONEXB.MXMonex, S.A.B. de C.V.0.12%$0.020.42%
SBRE.LSabre Insurance Group plc0.12%$0.1668.02%
TFIF.LTwentyFour Income Fund Limited0.12%$0.1445.96%
VSVS.LVesuvius plc0.12%$0.4868.73%
WINK.LM Winkworth PLC0.12%$0.2490.49%
000523.SZHongmian Zhihui Science and Technology Innovation Co.,Ltd.Guangzhou0.11%$0.001.45%
000565.SZChongqing Sanxia Paints Co., Ltd0.11%$0.0160.97%
002107.SZShandong Wohua Pharmaceutical Co., Ltd.0.11%$0.015.06%
007660.KSISU Petasys Co., Ltd.0.11%$129.206.94%
300756.SZGuangdong Jinma Entertainment Corporation Limited0.11%$0.0611.56%
600226.SSZhejiang Hengtong Holding Co., Ltd Class A0.11%$0.018.98%
600556.SSInmyshow Digital Technology(Group)Co.,Ltd.0.11%$0.0154.07%
601608.SSCITIC Heavy Industries Co., Ltd.0.11%$0.019.07%
688228.SSUCAP Cloud Information Technology Co.,Ltd.0.11%$0.2142.58%
688233.SSThinkon Semiconductor Jinzhou Corp.0.11%$0.0714.96%
688319.SSChengdu Olymvax Biopharmaceuticals Inc.0.11%$0.0317.44%
688350.SSJiangsu Feymer Technology Co., Ltd.0.11%$0.0345.86%
7047.TPort Inc.0.11%$2.441.74%
AEWU.LAEW UK REIT plc0.11%$0.1260.58%
BIPS.LInvesco Bond Income Plus Limited0.11%$0.1962.38%
BRCK.LBrickability Group Plc0.11%$0.0694.82%
DNLM.LDunelm Group plc0.11%$1.2180.20%
GFTU.LGrafton Group plc0.11%$1.0174.86%
ITV.LITV plc0.11%$0.0954.77%
KDTN.JKPT Puri Sentul Permai Tbk0.11%$0.8860.36%
MGAM.LMorgan Advanced Materials plc0.11%$0.2470.25%
OSB.LOSB Group Plc0.11%$0.6939.29%
PWON.JKPT Pakuwon Jati Tbk0.11%$0.360.81%
SEA.JOSpear Reit Limited0.11%$1.2645.37%
SNWS.LSmiths News plc0.11%$0.0840.75%
SYG.JOSygnia Limited0.11%$3.7785.37%
TBS.JOTiger Brands Limited0.11%$40.8391.57%
TRIAN-B.STFastighets AB Trianon (publ)0.11%$0.021.03%
VMUK.LVirgin Money UK PLC0.11%$0.2447.69%
VOD.JOVodacom Group Limited0.11%$14.8987.88%
000010.SZShenzhen Ecobeauty Co., Ltd.0.10%$0.008.13%
000551.SZCreate Technology & Science Co.,Ltd.0.10%$0.012.73%
001231.SZNorsyn Crop Technology Co., Ltd.0.10%$0.023.67%