DDM Analysis: TOTG.OL

Valuation Snapshot

Stable Growth	$2,422.24 - $7,212.98	$6,759.62
Multi-Stage	$1,020.56 - $1,114.76	$1,066.80
Blended Fair Value	$3,913.21
Current Price	$256.45
Upside	1,425.92%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
DPS	7.84%	19.98%	14.08	12.30	8.90	9.39	9.95	9.65	6.65	6.65	5.65	2.83
YoY Growth	-	-	14.42%	38.15%	-5.18%	-5.58%	3.06%	45.06%	0.00%	17.69%	100.01%	24.13%
Dividend Yield	-	-	6.23%	5.91%	3.51%	5.98%	7.54%	7.98%	5.74%	6.65%	6.28%	3.21%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	222.13
(-) Cash Dividends Paid (M)	193.69
(=) Cash Retained (M)	28.44

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	44.43	27.77	16.66
Cash Retained (M)	28.44	28.44	28.44
(-) Cash Required (M)	-44.43	-27.77	-16.66
(=) Excess Retained (M)	-15.98	0.68	11.78
(/) Shares Outstanding (M)	6.12	6.12	6.12
(=) Excess Retained per Share	-2.61	0.11	1.92
LTM Dividend per Share	31.62	31.62	31.62
(+) Excess Retained per Share	-2.61	0.11	1.92
(=) Adjusted Dividend	29.02	31.74	33.55
WACC / Discount Rate	6.76%	6.76%	6.76%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$2,422.24	$6,759.62	$7,212.98
Upside / Downside	844.53%	2,535.84%	2,712.63%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	222.13	236.57	251.95	268.32	285.76	304.34	313.47
Payout Ratio	87.19%	87.76%	88.32%	88.88%	89.44%	90.00%	92.50%
Projected Dividends (M)	193.69	207.60	222.51	238.48	255.58	273.90	289.96

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.76%	6.76%	6.76%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	192.62	194.45	196.28
Year 2 PV (M)	191.56	195.21	198.89
Year 3 PV (M)	190.50	195.97	201.54
Year 4 PV (M)	189.43	196.72	204.21
Year 5 PV (M)	188.36	197.46	206.91
PV of Terminal Value (M)	5,297.97	5,553.86	5,819.55
Equity Value (M)	6,250.45	6,533.67	6,827.37
Shares Outstanding (M)	6.12	6.12	6.12
Fair Value	$1,020.56	$1,066.80	$1,114.76
Upside / Downside	297.96%	315.99%	334.69%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 137 of 151 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
600191.SS	Baotou Huazi Industry Co., Ltd	0.06%	$0.01	9.61%
600288.SS	Daheng New Epoch Technology Inc.	0.06%	$0.01	8.37%
600486.SS	Jiangsu Yangnong Chemical Co., Ltd.	0.06%	$0.04	1.25%
600490.SS	Pengxin International Mining Co.,Ltd	0.06%	$0.00	4.03%
600615.SS	Chongqing Fenghwa Group Co., Ltd.	0.06%	$0.01	15.34%
600654.SS	China Security Co., Ltd.	0.06%	$0.00	3.19%
603068.SS	Beken Corporation	0.06%	$0.02	19.57%
603328.SS	Guangdong Ellington Electronics Technology Co.,Ltd	0.06%	$0.01	1.50%
605080.SS	Zhejiang Natural Outdoor Goods Inc.	0.06%	$0.01	0.98%
688017.SS	Leader Harmonious Drive Systems Co., Ltd.	0.06%	$0.12	25.12%
688585.SS	Swancor Advanced Materials Co., Ltd.	0.06%	$0.07	34.27%
688696.SS	Chengdu Xgimi Technology Co.,Ltd.	0.06%	$0.07	1.87%
AAIF.L	abrdn Asian Income Fund Limited	0.06%	$0.16	36.85%
AKSGY.IS	Akis Gayrimenkul Yatirim Ortakligi A.S.	0.06%	$0.00	0.27%
ALTF.TA	Altshuler Shaham Finance Ltd	0.06%	$0.42	73.06%
BAKK.L	Bakkavor Group plc	0.06%	$0.15	87.07%
BLV.L	Belvoir Group PLC	0.06%	$0.17	44.51%
BNZL.L	Bunzl plc	0.06%	$1.26	47.00%
BRIG.L	BlackRock Income and Growth Investment Trust plc	0.06%	$0.14	68.68%
BWY.L	Bellway p.l.c.	0.06%	$1.69	70.03%
CAPD.L	Capital Limited	0.06%	$0.07	24.60%
CASP.L	Caspian Sunrise plc	0.06%	$0.00	25.15%
CSSG.L	Croma Security Solutions Group plc	0.06%	$0.04	46.50%
DNET.JK	PT Indoritel Makmur Internasional Tbk.	0.06%	$5.00	6.08%
DWHA.L	Dewhurst Group Plc	0.06%	$0.36	25.82%
ELSPC.TA	Elspec Engineering Ltd	0.06%	$0.25	80.53%
EPWN.L	Epwin Group Plc	0.06%	$0.07	37.55%
ETGA.TA	ETGA Group Ltd	0.06%	$1.55	89.99%
FIBIH.TA	F.I.B.I. Holdings Ltd	0.06%	$16.92	41.38%
HSL.L	The Henderson Smaller Companies Investment Trust plc	0.06%	$0.50	70.94%
HSX.L	Hiscox Ltd	0.06%	$0.77	20.38%
HVO.L	hVIVO plc	0.06%	$0.00	12.02%
IBT.L	International Biotechnology Trust plc	0.06%	$0.61	57.78%
IDIN.TA	I.D.I. Insurance Company Ltd.	0.06%	$14.75	68.21%
IGG.L	IG Group Holdings plc	0.06%	$0.81	31.08%
IHP.L	IntegraFin Holdings plc	0.06%	$0.21	67.29%
ITRK.L	Intertek Group plc	0.06%	$2.66	64.13%
IVPU.L	Invesco Perpetual Select Trust plc - UK Equity Share Portfolio	0.06%	$0.12	35.31%
JMI.L	JPMorgan UK Smaller Companies Investment Trust Plc	0.06%	$0.16	23.47%
JUGI.L	JPMorgan UK Small Cap Growth & Income Plc	0.06%	$0.20	53.22%
LAAC	Lithium Americas (Argentina) Corp.	0.06%	$0.00	0.02%
LWDB.L	The Law Debenture Corporation p.l.c.	0.06%	$0.66	28.04%
MGRO.JK	PT Mahkota Group Tbk	0.06%	$0.43	7.88%
MTVW.L	Mountview Estates PLC	0.06%	$5.25	42.08%
NAWI.TA	Nawi Brothers Group Ltd	0.06%	$3.28	46.36%
NTN.L	Northern 3 VCT PLC	0.06%	$0.05	76.12%
PSON.L	Pearson plc	0.06%	$0.63	53.29%
RCDO.L	Ricardo plc	0.06%	$0.24	49.35%
RMKE.JK	PT RMK Energy Tbk	0.06%	$3.50	6.74%
SALM.OL	SalMar ASA	0.06%	$0.36	4.26%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

Totens Sparebank (TOTG.OL)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener