Definitive Analysis
Definitive Analysis

Financial Statements

Fundamentals

Valuations

Miscellaneous

Analysis Mode

Search

Aflac Incorporated (0H68.L)

Company Dividend Discount ModelIndustry: Insurance - LifeSector: Financial Services

Valuation Snapshot

Stable Growth$107.19 - $191.37$142.61
Multi-Stage$111.21 - $121.67$116.34
Blended Fair Value$129.47
Current Price$111.70
Upside15.91%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS7.11%5.21%1.991.771.791.571.411.411.451.211.211.20
YoY Growth--12.53%-1.33%14.50%11.18%-0.26%-2.77%19.97%0.46%0.30%0.31%
Dividend Yield--1.79%2.08%2.78%2.43%2.75%4.13%2.91%2.77%3.33%3.81%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)4,169.00
(-) Cash Dividends Paid (M)1,173.00
(=) Cash Retained (M)2,996.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)833.80521.13312.68
Cash Retained (M)2,996.002,996.002,996.00
(-) Cash Required (M)-833.80-521.13-312.68
(=) Excess Retained (M)2,162.202,474.882,683.33
(/) Shares Outstanding (M)545.58545.58545.58
(=) Excess Retained per Share3.964.544.92
LTM Dividend per Share2.152.152.15
(+) Excess Retained per Share3.964.544.92
(=) Adjusted Dividend6.116.697.07
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate3.21%4.21%5.21%
Fair Value$107.19$142.61$191.37
Upside / Downside-4.03%27.67%71.32%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)4,169.004,344.604,527.594,718.294,917.035,124.135,277.85
Payout Ratio28.14%40.51%52.88%65.25%77.63%90.00%92.50%
Projected Dividends (M)1,173.001,759.952,394.273,078.903,816.954,611.724,882.01

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate3.21%4.21%5.21%
Year 1 PV (M)1,597.711,613.191,628.66
Year 2 PV (M)1,973.172,011.592,050.38
Year 3 PV (M)2,303.472,371.072,439.99
Year 4 PV (M)2,592.382,694.322,799.24
Year 5 PV (M)2,843.422,983.863,129.80
PV of Terminal Value (M)49,361.6851,799.7554,333.21
Equity Value (M)60,671.8363,473.7866,381.28
Shares Outstanding (M)545.58545.58545.58
Fair Value$111.21$116.34$121.67
Upside / Downside-0.44%4.16%8.93%

High-Yield Dividend Screener

« Prev Page 15 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
1908.HKC&D International Investment Group Limited7.31%$1.1225.81%
2529.HKHollwin Urban Operation Service Group Co., Ltd7.31%$0.2224.64%
BMOB3.SABemobi Mobile Tech S.A.7.31%$1.6192.50%
CAMB3.SACambuci S.A.7.30%$0.7245.75%
CIP.AXCenturia Industrial REIT7.30%$0.2484.35%
NEO.BKNeo Corporate PCL7.30%$1.3550.11%
QTC.BKQTC Energy Public Company Limited7.30%$0.2597.23%
WHATS.BRWhat's Cooking Group NV/SA7.29%$8.2032.94%
C5H.IRCairn Homes plc7.28%$0.1544.15%
DOHI.QADoha Insurance Group Q.P.S.C.7.28%$0.1946.40%
STRN.SWSchlatter Industries AG7.28%$1.5052.09%
HDN.AXHomeCo Daily Needs REIT7.27%$0.1062.96%
IPCM.JKPT Jasa Armada Indonesia Tbk7.27%$26.1977.38%
O39.SIOversea-Chinese Banking Corporation Limited7.27%$1.4449.91%
THIP.BKThantawan Industry Public Company Limited7.27%$1.6450.43%
C6L.SISingapore Airlines Limited7.26%$0.4745.79%
SAPPE.BKSappe Public Company Limited7.26%$2.2382.18%
QIP.AXQANTM Intellectual Property Limited7.25%$0.1392.42%
KUOA.MXGrupo KUO, S.A.B. de C.V.7.24%$4.3464.64%
OYY.SIPropNex Limited7.24%$0.1493.41%
7035.KLCCK Consolidated Holdings Berhad7.23%$0.0976.61%
SOGN.OLSogn Sparebank7.22%$20.0011.36%
0QN6.LSF Urban Properties AG7.21%$7.2563.89%
WBC.AXWestpac Banking Corporation7.21%$2.8174.44%
120110.KSKolon Industries, Inc.7.20%$3,060.7698.52%
MILS3.SAMills Locação, Serviços e Logística S.A.7.20%$1.0181.51%
UZU.DEUzin Utz AG7.20%$5.1146.82%
3296.TNIPPON REIT Investment Corporation7.19%$7,108.4763.73%
600035.SSHubei Chutian Smart Communication Co.,Ltd.7.19%$0.2866.74%
036460.KSKorea Gas Corporation7.17%$2,752.5029.13%
HABITAT.SNAdministradora de Fondos de Pensiones Habitat S.A.7.17%$110.0070.97%
ITUB3.SAItaú Unibanco Holding S.A.7.17%$2.6064.54%
SAMF.JKPT Saraswanti Anugerah Makmur, Tbk7.17%$22.2285.61%
0HM0.LVGP N.V.7.16%$7.0036.73%
VLS.AXVita Life Sciences Limited7.16%$0.1855.52%
CRBN.ASCorbion N.V.7.15%$1.3455.86%
0586.HKChina Conch Venture Holdings Limited7.14%$0.6929.51%
600011.SSHuaneng Power International, Inc.7.14%$0.5357.39%
IFII.JKPT Indonesia Fibreboard Industry Tbk7.14%$16.0070.24%
UNTR.JKPT United Tractors Tbk7.14%$2,150.1250.66%
4987.TWOGodex International Co., Ltd7.12%$5.1885.38%
2328.HKPICC Property and Casualty Company Limited7.11%$1.1842.87%
CXSE3.SACaixa Seguridade Participações S.A.7.11%$1.1880.41%
PUB.PAPublicis Groupe S.A.7.11%$6.2349.76%
600057.SSXiamen Xiangyu Co., Ltd.7.10%$0.6177.47%
MYPK3.SAIochpe-Maxion S.A.7.09%$0.7051.81%
PRM-R.BKPrima Marine Public Company Limited7.09%$0.4949.90%
601187.SSXiamen Bank Co., Ltd.7.08%$0.5252.74%
014130.KSHanexpress.Co., Ltd7.07%$213.2520.61%
0NY3.LSTEF S.a.7.07%$9.1944.77%