DDM Analysis: 0REZ.L

Valuation Snapshot

Stable Growth	$545.75 - $642.99	$602.57
Multi-Stage	$111.37 - $122.01	$116.59
Blended Fair Value	$359.58
Current Price	$177.40
Upside	102.69%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2016
DPS	-0.36%	-2.68%	0.50	1.20	1.99	1.50	0.46	0.51	0.44	0.30	2.27	2.42
YoY Growth	-	-	-58.22%	-39.92%	32.79%	225.62%	-9.50%	16.73%	45.36%	-86.78%	-6.14%	268.63%
Dividend Yield	-	-	0.35%	1.09%	2.13%	0.57%	0.29%	0.71%	0.72%	0.79%	5.77%	9.97%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	394.00
(-) Cash Dividends Paid (M)	91.00
(=) Cash Retained (M)	303.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	78.80	49.25	29.55
Cash Retained (M)	303.00	303.00	303.00
(-) Cash Required (M)	-78.80	-49.25	-29.55
(=) Excess Retained (M)	224.20	253.75	273.45
(/) Shares Outstanding (M)	121.86	121.86	121.86
(=) Excess Retained per Share	1.84	2.08	2.24
LTM Dividend per Share	0.75	0.75	0.75
(+) Excess Retained per Share	1.84	2.08	2.24
(=) Adjusted Dividend	2.59	2.83	2.99
WACC / Discount Rate	5.97%	5.97%	5.97%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$545.75	$602.57	$642.99
Upside / Downside	207.64%	239.67%	262.45%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	394.00	419.61	446.88	475.93	506.87	539.81	556.01
Payout Ratio	23.10%	36.48%	49.86%	63.24%	76.62%	90.00%	92.50%
Projected Dividends (M)	91.00	153.06	222.81	300.97	388.36	485.83	514.31

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	5.97%	5.97%	5.97%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	143.08	144.43	145.79
Year 2 PV (M)	194.69	198.40	202.14
Year 3 PV (M)	245.84	252.89	260.08
Year 4 PV (M)	296.52	307.92	319.65
Year 5 PV (M)	346.75	363.50	380.89
PV of Terminal Value (M)	12,344.72	12,940.97	13,560.05
Equity Value (M)	13,571.59	14,208.12	14,868.60
Shares Outstanding (M)	121.86	121.86	121.86
Fair Value	$111.37	$116.59	$122.01
Upside / Downside	-37.22%	-34.28%	-31.22%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 14 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
UVSP	Univest Financial Corporation	2.69%	$0.87	28.95%
VBTX	Veritex Holdings, Inc.	2.69%	$0.81	38.53%
CBT	Cabot Corporation	2.68%	$1.80	29.00%
PKOH	Park-Ohio Holdings Corp.	2.68%	$0.56	33.19%
WINA	Winmark Corporation	2.68%	$10.76	96.24%
CHCO	City Holding Company	2.67%	$3.20	36.27%
IDA	IDACORP, Inc.	2.67%	$3.40	58.98%
LFVN	LifeVantage Corporation	2.67%	$0.16	18.67%
MMM	3M Company	2.67%	$4.31	68.77%
MSEX	Middlesex Water Company	2.67%	$1.34	56.69%
ONB	Old National Bancorp	2.67%	$0.60	35.48%
0HQU.L	CF Industries Holdings, Inc.	2.66%	$2.07	24.22%
MGY	Magnolia Oil & Gas Corporation	2.66%	$0.60	32.28%
PEBK	Peoples Bancorp of North Carolina, Inc.	2.66%	$0.95	30.99%
GSBC	Great Southern Bancorp, Inc.	2.65%	$1.63	26.64%
HD	The Home Depot, Inc.	2.65%	$9.15	62.39%
MVBF	MVB Financial Corp.	2.65%	$0.68	27.31%
PPG	PPG Industries, Inc.	2.65%	$2.76	62.85%
TWMIX	American Century Emerging Markets Investor Class	2.64%	$0.40	76.80%
0M2A.L	Adeia Inc.	2.63%	$0.35	53.29%
ALLY	Ally Financial Inc.	2.63%	$1.20	59.56%
FRAF	Franklin Financial Services Corporation	2.63%	$1.28	36.88%
LEA	Lear Corporation	2.63%	$3.12	37.81%
VHI	Valhi, Inc.	2.63%	$0.32	49.46%
FHI	Federated Hermes, Inc.	2.62%	$1.37	27.23%
MKC	McCormick & Company, Incorporated	2.62%	$1.76	61.04%
SLB	SLB N.V.	2.62%	$1.05	42.94%
BAH	Booz Allen Hamilton Holding Corporation	2.61%	$2.22	33.15%
GILD	Gilead Sciences, Inc.	2.61%	$3.18	49.10%
AWR	American States Water Company	2.60%	$1.88	55.89%
CBAN	Colony Bankcorp, Inc.	2.59%	$0.46	28.75%
MDU	MDU Resources Group, Inc.	2.59%	$0.51	62.41%
PLBC	Plumas Bancorp	2.59%	$1.14	27.38%
CRD-A	Crawford & Company	2.58%	$0.28	43.18%
WBS	Webster Financial Corporation	2.57%	$1.64	29.21%
FANG	Diamondback Energy, Inc.	2.56%	$3.90	26.98%
JEF	Jefferies Financial Group Inc.	2.56%	$1.63	49.77%
UNH	UnitedHealth Group Incorporated	2.56%	$8.60	44.61%
DOX	Amdocs Limited	2.55%	$2.04	39.68%
DVN	Devon Energy Corporation	2.55%	$0.96	22.55%
TGNA	TEGNA Inc.	2.55%	$0.49	23.26%
CFFI	C&F Financial Corporation	2.54%	$1.80	22.24%
MTH	Meritage Homes Corporation	2.54%	$1.68	21.92%
DTM	DT Midstream, Inc.	2.52%	$3.04	77.42%
LEVI	Levi Strauss & Co.	2.52%	$0.52	34.78%
NFG	National Fuel Gas Company	2.52%	$2.07	36.34%
AMNB	American National Bankshares Inc.	2.51%	$1.20	48.76%
HIMYX	Pioneer High Income Municipal Fund Class Y	2.51%	$0.14	81.31%
ACNB	ACNB Corporation	2.50%	$1.18	37.66%
FMBH	First Mid Bancshares, Inc.	2.50%	$0.96	26.52%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

AddLife AB (publ) (0REZ.L)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener