Definitive Analysis
Definitive Analysis
Financial Statements
Periods / Units
Fundamentals
Valuations
Miscellaneous
Analysis Mode
Full Access
See Pricing Start Trial

National Fuel Gas Company (NFG)

Company Dividend Discount ModelIndustry: Oil & Gas IntegratedSector: Energy

Valuation Snapshot

Stable Growth$67.47 - $112.10$87.18
Multi-Stage$79.84 - $87.37$83.54
Blended Fair Value$85.36
Current Price$92.37
Upside-7.59%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS4.21%3.72%2.072.011.931.841.791.681.621.571.521.48
YoY Growth--2.52%4.37%4.73%3.10%6.37%4.00%2.90%3.02%3.14%3.14%
Dividend Yield--2.24%3.32%3.85%2.91%2.80%4.09%3.47%3.07%2.78%2.61%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)518.50
(-) Cash Dividends Paid (M)188.44
(=) Cash Retained (M)330.07
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)103.7064.8138.89
Cash Retained (M)330.07330.07330.07
(-) Cash Required (M)-103.70-64.81-38.89
(=) Excess Retained (M)226.37265.25291.18
(/) Shares Outstanding (M)91.2491.2491.24
(=) Excess Retained per Share2.482.913.19
LTM Dividend per Share2.072.072.07
(+) Excess Retained per Share2.482.913.19
(=) Adjusted Dividend4.554.975.26
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate2.21%3.21%4.21%
Fair Value$67.47$87.18$112.10
Upside / Downside-26.95%-5.62%21.35%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)518.50535.15552.33570.07588.37607.26625.48
Payout Ratio36.34%47.07%57.81%68.54%79.27%90.00%92.50%
Projected Dividends (M)188.44251.92319.28390.71466.39546.54578.57

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate2.21%3.21%4.21%
Year 1 PV (M)228.67230.91233.15
Year 2 PV (M)263.08268.25273.47
Year 3 PV (M)292.23300.89309.72
Year 4 PV (M)316.65329.22342.17
Year 5 PV (M)336.82353.62371.09
PV of Terminal Value (M)5,847.156,138.836,442.04
Equity Value (M)7,284.587,621.727,971.63
Shares Outstanding (M)91.2491.2491.24
Fair Value$79.84$83.54$87.37
Upside / Downside-13.56%-9.56%-5.41%

High-Yield Dividend Screener

« Prev Page 14 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
FGG.AXFuture Generation Global Limited7.59%$0.1235.11%
WINNER.BKWinner Group Enterprise Public Company Limited7.59%$0.1677.25%
1666.HKTong Ren Tang Technologies Co. Ltd.7.58%$0.3439.83%
ALHOP.PAHopscotch Global PR Group7.58%$1.0034.20%
4305.TWOShih-Kuen Plastics Co., Ltd.7.57%$3.1886.35%
KLEE-B.COBrd. Klee A/S7.57%$284.4657.64%
TACC.BKT.A.C. Consumer Public Company Limited7.56%$0.3986.66%
PCC.BKPrecise Corporation Public Company Limited7.55%$0.2054.85%
2180.HKManpowerGroup Greater China Limited7.54%$0.3930.76%
BASGZ.ISBaskent Dogalgaz Dagitim Gayrimenkul Yatirim Ortakligi A.S.7.54%$3.4364.56%
ISAE4.SAISA Energía Brasil S.A.7.54%$2.0345.68%
TRPL4.SACTEEP - Companhia de Transmissão de Energia Elétrica Paulista S.A.7.53%$1.8837.46%
QH-R.BKQuality Houses Public Company Limited7.52%$0.1063.63%
0189.HKDongyue Group Limited7.51%$0.8267.14%
3034.KLHap Seng Consolidated Berhad7.50%$0.2189.85%
9985.HKWEILONG Delicious Global Holdings Ltd7.50%$0.8387.47%
CBQK.QAThe Commercial Bank (P.S.Q.C.)7.50%$0.3248.96%
BMGB4.SABanco BMG S.A.7.49%$0.3767.48%
DJW.AXDjerriwarrh Investments Limited7.49%$0.2378.76%
JSMR.JKPT Jasa Marga (Persero) Tbk7.49%$256.8147.02%
TGMA3.SATegma Gestão Logística S.A.7.49%$2.7365.23%
014440.KSYoungbo Chemical Co., Ltd.7.48%$350.9938.29%
CPW.BKCopperwired Public Company Limited7.48%$0.1585.48%
003080.KSSBSUNGBO Co., Ltd.7.47%$205.009.79%
226320.KSIt'S Hanbul Co., Ltd.7.47%$887.8495.70%
AYGAZ.ISAygaz A.S.7.47%$14.7993.51%
3290.TOne REIT, Inc.7.46%$6,781.0766.29%
TOTL.JKPT Total Bangun Persada Tbk7.46%$75.0067.24%
1497.HKXiamen Yan Palace Bird's Nest Indus7.45%$0.4461.94%
ANIM.MIAnima Holding S.p.A.7.45%$0.4555.56%
DCC-R.BKDynasty Ceramic Public Company Limited7.45%$0.0981.26%
0751.HKSkyworth Group Limited7.44%$0.3953.99%
8957.TTokyu REIT, Inc.7.44%$15,400.2079.77%
2504.TWGoldsun Building Materials Co., Ltd.7.43%$2.8186.16%
KEPL3.SAKepler Weber S.A.7.43%$0.7389.80%
POLY.BKPolynet Public Company Limited7.43%$0.5288.16%
XTB.WAXTB S.A.7.43%$5.4679.70%
TIPH.BKDhipaya Group Holdings Public Company Limited7.42%$1.5476.50%
ALFRE.PAFreelance.com S.A.7.40%$0.1623.60%
RING.OLSpareBank 1 Ringerike Hadeland7.40%$30.8074.39%
SEAOIL.BKSea Oil Public Company Limited7.39%$0.2246.45%
IRC.BKInoue Rubber (Thailand) Public Company Limited7.36%$0.8790.55%
ILM-R.BKIndex Living Mall Public Company Limited7.34%$1.0067.79%
SHIPSeanergy Maritime Holdings Corp.7.34%$0.6791.71%
5009.TWOGloria Material Technology Corp.7.33%$2.3477.68%
9922.HKJiumaojiu International Holdings Limited7.33%$0.1455.41%
8977.THankyu Hanshin REIT, Inc.7.32%$12,179.9195.79%
BAREIT.BKBA Airport Leasehold Real Estate Investment Trust7.32%$0.7589.39%
SIDO.JKPT Industri Jamu dan Farmasi Sido Muncul Tbk7.32%$39.5596.37%
0QQK.LMeier Tobler Group AG7.31%$2.8980.26%