DDM Analysis: AEM

Valuation Snapshot

Stable Growth	$88.15 - $150.00	$115.02
Multi-Stage	$70.60 - $76.97	$73.72
Blended Fair Value	$94.37
Current Price	$168.56
Upside	-44.01%
Decision	Don't Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	44.83%	28.65%	1.33	1.27	1.21	0.55	0.38	0.21	0.17	0.15	0.14	0.12
YoY Growth	-	-	5.17%	4.99%	121.08%	44.63%	80.49%	25.54%	10.37%	6.58%	19.93%	10.07%
Dividend Yield	-	-	1.23%	2.07%	2.37%	0.89%	0.65%	0.53%	0.39%	0.36%	0.33%	0.33%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	3,419.13
(-) Cash Dividends Paid (M)	717.50
(=) Cash Retained (M)	2,701.63

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	683.83	427.39	256.43
Cash Retained (M)	2,701.63	2,701.63	2,701.63
(-) Cash Required (M)	-683.83	-427.39	-256.43
(=) Excess Retained (M)	2,017.80	2,274.24	2,445.20
(/) Shares Outstanding (M)	503.53	503.53	503.53
(=) Excess Retained per Share	4.01	4.52	4.86
LTM Dividend per Share	1.42	1.42	1.42
(+) Excess Retained per Share	4.01	4.52	4.86
(=) Adjusted Dividend	5.43	5.94	6.28
WACC / Discount Rate	12.00%	12.00%	12.00%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$88.15	$115.02	$150.00
Upside / Downside	-47.70%	-31.76%	-11.01%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	3,419.13	3,641.37	3,878.06	4,130.13	4,398.59	4,684.50	4,825.03
Payout Ratio	20.98%	34.79%	48.59%	62.39%	76.20%	90.00%	92.50%
Projected Dividends (M)	717.50	1,266.75	1,884.38	2,576.95	3,351.59	4,216.05	4,463.16

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	12.00%	12.00%	12.00%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	1,120.40	1,131.02	1,141.64
Year 2 PV (M)	1,474.10	1,502.18	1,530.52
Year 3 PV (M)	1,782.97	1,834.16	1,886.31
Year 4 PV (M)	2,051.02	2,129.89	2,211.02
Year 5 PV (M)	2,281.93	2,392.15	2,506.59
PV of Terminal Value (M)	26,836.81	28,133.04	29,478.88
Equity Value (M)	35,547.24	37,122.44	38,754.96
Shares Outstanding (M)	503.53	503.53	503.53
Fair Value	$70.60	$73.72	$76.97
Upside / Downside	-58.12%	-56.26%	-54.34%

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

Agnico Eagle Mines Limited (AEM)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener