Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Merchants Bancorp (MBINO)

Company Dividend Discount ModelIndustry: Banks - RegionalSector: Financial Services

Valuation Snapshot

Stable Growth$711.33 - $1,067.83$1,000.72
Multi-Stage$174.97 - $191.66$183.16
Blended Fair Value$591.94
Current Price$31.80
Upside1,761.44%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS24.29%0.00%1.111.060.830.680.520.380.220.170.140.09
YoY Growth--5.49%27.42%21.87%31.95%37.19%68.89%28.50%27.73%47.42%0.00%
Dividend Yield--3.01%2.50%3.18%2.48%1.84%3.71%1.54%1.21%1.21%0.82%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)246.59
(-) Cash Dividends Paid (M)59.41
(=) Cash Retained (M)187.18
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)49.3230.8218.49
Cash Retained (M)187.18187.18187.18
(-) Cash Required (M)-49.32-30.82-18.49
(=) Excess Retained (M)137.86156.35168.68
(/) Shares Outstanding (M)45.9245.9245.92
(=) Excess Retained per Share3.003.403.67
LTM Dividend per Share1.291.291.29
(+) Excess Retained per Share3.003.403.67
(=) Adjusted Dividend4.304.704.97
WACC / Discount Rate6.14%6.14%6.14%
Growth Rate5.50%6.50%7.50%
Fair Value$711.33$1,000.72$1,067.83
Upside / Downside2,136.88%3,046.91%3,257.97%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)246.59262.62279.69297.86317.23337.85347.98
Payout Ratio24.09%37.27%50.46%63.64%76.82%90.00%92.50%
Projected Dividends (M)59.4197.89141.12189.55243.69304.06321.88

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.14%6.14%6.14%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)91.3692.2393.09
Year 2 PV (M)122.93125.27127.63
Year 3 PV (M)154.11158.54163.04
Year 4 PV (M)184.92192.03199.34
Year 5 PV (M)215.35225.75236.55
PV of Terminal Value (M)7,266.917,617.917,982.33
Equity Value (M)8,035.588,411.728,802.00
Shares Outstanding (M)45.9245.9245.92
Fair Value$174.97$183.16$191.66
Upside / Downside450.23%475.98%502.71%

High-Yield Dividend Screener

« Prev Page 144 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
600099.SSLinhai Co.,Ltd.0.02%$0.002.74%
600118.SSChina Spacesat Co.,Ltd.0.02%$0.0236.30%
600212.SSGresgying Digital Energy Technology Co.,Ltd0.02%$0.003.79%
600560.SSBeijing AriTime Intelligent Control Co., Ltd.0.02%$0.001.31%
600728.SSPci Technology Group Co.,Ltd.0.02%$0.001.20%
601188.SSHeilongjiang Transport Development Co., Ltd.0.02%$0.000.51%
601399.SSSinomach Heavy Equipment Group Co., Ltd.0.02%$0.001.31%
601568.SSShaanxi Beiyuan Chemical Industry Group Co., Ltd.0.02%$0.001.41%
603027.SSQianhe Condiment and Food Co., Ltd.0.02%$0.000.47%
6591.TWSun Max Tech Limited0.02%$0.020.34%
6672.TWVentec International Group Co.,Ltd.0.02%$0.020.49%
688085.SSShanghai Sanyou Medical Co., Ltd.0.02%$0.001.39%
688089.SSCabio Biotech (Wuhan) Co., Ltd.0.02%$0.010.51%
688286.SSMEMSensing Microsystems Co., Ltd.0.02%$0.024.37%
688363.SSBloomage BioTechnology Corporation Limited0.02%$0.016.00%
8540.HKVictory Securities (Holdings) Company Limited0.02%$0.000.44%
AAF.LAirtel Africa Plc0.02%$0.0667.55%
ACKR.TAAckerstein Group Ltd0.02%$0.1754.07%
AFRE.TAAfrica Israel Residences Ltd0.02%$6.1232.46%
ALFA.LAlfa Financial Software Holdings PLC0.02%$0.0526.69%
ANTO.LAntofagasta plc0.02%$0.5634.40%
ARAN.TAAran Research & Development (1982) Ltd.0.02%$0.8737.39%
ASELS.ISAselsan Elektronik Sanayi ve Ticaret Anonim Sirketi0.02%$0.040.86%
AZN.LAstraZeneca PLC0.02%$3.1852.28%
AZRG.TAAzrieli Group Ltd0.02%$6.5948.60%
BAJAJELEC.BOBajaj Electricals Limited0.02%$0.070.83%
BGFD.LThe Baillie Gifford Japan Trust PLC0.02%$0.2153.39%
BMTO.LBraime Group PLC0.02%$0.3413.13%
BRGE.LBlackRock Greater Europe Investment Trust plc0.02%$0.1223.23%
CER.LCerillion Plc0.02%$0.2624.07%
CGT.LCapital Gearing Trust p.l.c0.02%$1.1620.16%
CLIS.TAClal Insurance Enterprises Holdings Ltd.0.02%$3.6621.42%
CPRO.JKPT Central Proteina Prima Tbk0.02%$0.010.15%
CRSM.TACarasso Motors Ltd.0.02%$0.7218.90%
DIMRI.TAY.H. Dimri Construction & Development Ltd0.02%$6.3423.46%
DNYA.TADanya Cebus Ltd.0.02%$3.6171.41%
DPLM.LDiploma PLC0.02%$0.9453.97%
DSCT.TAIsrael Discount Bank Limited0.02%$0.7922.34%
ELMR.TAEl-Mor Electric Installation & Services (1986) Ltd.0.02%$0.4849.64%
EMBJEmbraer S.A.0.02%$0.012.90%
EMDV.TAEmilia Development (O.F.G) Ltd.0.02%$0.6345.28%
EQLS.LEquals Group plc0.02%$0.0230.95%
FCIT.LF&C Investment Trust PLC0.02%$0.2810.08%
FRES.LFresnillo plc0.02%$0.8083.75%
GHE.LGresham House plc0.02%$0.2765.60%
GVYM.TAGav-Yam Lands Corp. Ltd0.02%$0.9132.95%
HAMAT.TAHamat Group Ltd.0.02%$0.4145.48%
HAN.LHansa Investment Company Limited0.02%$0.068.19%
HGT.LHgCapital Trust plc0.02%$0.1215.30%
HRON.TAHiron-Trade Investments & Industrial Buildings Ltd0.02%$44.9120.53%