DDM Analysis: ASSA-B.ST

Valuation Snapshot

Stable Growth	$865.26 - $2,628.69	$2,463.46
Multi-Stage	$357.94 - $391.58	$374.45
Blended Fair Value	$1,418.96
Current Price	$326.60
Upside	334.46%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	9.06%	11.01%	5.40	4.80	4.20	3.90	3.85	3.50	3.30	3.00	2.65	2.17
YoY Growth	-	-	12.51%	14.27%	7.71%	1.29%	10.01%	6.06%	10.02%	13.18%	22.31%	14.08%
Dividend Yield	-	-	1.80%	1.57%	1.69%	1.53%	1.53%	1.86%	1.63%	1.66%	1.44%	1.35%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	14,682.00
(-) Cash Dividends Paid (M)	6,285.00
(=) Cash Retained (M)	8,397.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	2,936.40	1,835.25	1,101.15
Cash Retained (M)	8,397.00	8,397.00	8,397.00
(-) Cash Required (M)	-2,936.40	-1,835.25	-1,101.15
(=) Excess Retained (M)	5,460.60	6,561.75	7,295.85
(/) Shares Outstanding (M)	1,110.78	1,110.78	1,110.78
(=) Excess Retained per Share	4.92	5.91	6.57
LTM Dividend per Share	5.66	5.66	5.66
(+) Excess Retained per Share	4.92	5.91	6.57
(=) Adjusted Dividend	10.57	11.57	12.23
WACC / Discount Rate	6.79%	6.79%	6.79%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$865.26	$2,463.46	$2,628.69
Upside / Downside	164.93%	654.28%	704.86%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	14,682.00	15,636.33	16,652.69	17,735.12	18,887.90	20,115.61	20,719.08
Payout Ratio	42.81%	52.25%	61.68%	71.12%	80.56%	90.00%	92.50%
Projected Dividends (M)	6,285.00	8,169.36	10,272.13	12,613.75	15,216.38	18,104.05	19,165.15

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.79%	6.79%	6.79%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	7,578.15	7,649.98	7,721.81
Year 2 PV (M)	8,839.16	9,007.52	9,177.47
Year 3 PV (M)	10,068.61	10,357.64	10,652.16
Year 4 PV (M)	11,267.09	11,700.39	12,146.07
Year 5 PV (M)	12,435.16	13,035.78	13,659.39
PV of Terminal Value (M)	347,399.20	364,178.71	381,600.42
Equity Value (M)	397,587.36	415,930.02	434,957.31
Shares Outstanding (M)	1,110.78	1,110.78	1,110.78
Fair Value	$357.94	$374.45	$391.58
Upside / Downside	9.59%	14.65%	19.90%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 15 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
0R28.L	Newmont Corporation	2.49%	$1.01	15.53%
ETR	Entergy Corporation	2.49%	$2.34	57.35%
NKE	NIKE, Inc.	2.49%	$1.58	80.59%
OTTR	Otter Tail Corporation	2.49%	$2.03	30.69%
FHN	First Horizon Corporation	2.48%	$0.60	34.42%
PWP	Perella Weinberg Partners	2.48%	$0.44	69.65%
SCS	Steelcase Inc.	2.48%	$0.40	50.05%
PBI	Pitney Bowes Inc.	2.46%	$0.25	61.37%
RBCAA	Republic Bancorp, Inc.	2.45%	$1.67	25.85%
SRCE	1st Source Corporation	2.45%	$1.53	25.20%
TRMK	Trustmark Corporation	2.45%	$0.96	26.11%
VOYA	Voya Financial, Inc.	2.45%	$1.86	29.46%
AWK	American Water Works Company, Inc.	2.44%	$3.18	55.85%
LSTR	Landstar System, Inc.	2.44%	$3.58	90.21%
NGL	NGL Energy Partners LP	2.44%	$0.24	24.52%
TCFC	The Community Financial Corporation	2.44%	$0.66	12.72%
CADE	Cadence Bank	2.43%	$1.05	37.49%
JNJ	Johnson & Johnson	2.43%	$5.04	48.70%
MBCN	Middlefield Banc Corp.	2.43%	$0.83	42.36%
0L7G.L	Snap-on Incorporated	2.42%	$8.43	44.15%
ITW	Illinois Tool Works Inc.	2.42%	$6.04	58.20%
MOFG	MidWestOne Financial Group, Inc.	2.40%	$0.92	32.44%
FFIN	First Financial Bankshares, Inc.	2.39%	$0.72	42.45%
ADP	Automatic Data Processing, Inc.	2.38%	$6.03	59.30%
CAL	Caleres, Inc.	2.38%	$0.29	46.21%
ABM	ABM Industries Incorporated	2.37%	$1.01	54.79%
FUNC	First United Corporation	2.36%	$0.88	22.87%
HON	Honeywell International Inc.	2.36%	$4.63	48.21%
RILYK	B. Riley Financial, Inc. 5.50% Senior Notes Due 2026	2.36%	$0.58	56.91%
CDW	CDW Corporation	2.35%	$3.14	39.31%
CHMG	Chemung Financial Corporation	2.35%	$1.28	46.47%
LZB	La-Z-Boy Incorporated	2.35%	$0.88	40.20%
PKG	Packaging Corporation of America	2.35%	$4.97	50.31%
UNP	Union Pacific Corporation	2.35%	$5.44	45.77%
0K91.L	Northern Trust Corporation	2.34%	$3.20	35.68%
MCD	McDonald's Corporation	2.33%	$7.07	60.14%
MGEE	MGE Energy, Inc.	2.32%	$1.82	49.49%
MZTI	The Marzetti Company	2.32%	$3.82	61.80%
UNM	Unum Group	2.32%	$1.79	33.52%
RILYM	B. Riley Financial, Inc. - 6.37	2.31%	$0.58	56.91%
RILYO	B. Riley Financial, Inc. - 6.75	2.31%	$0.58	56.91%
HONIV	Honeywell International Inc. Common Stock Ex Distribution When Issued	2.30%	$4.63	48.21%
PGR	The Progressive Corporation	2.30%	$4.88	26.80%
WNEB	Western New England Bancorp, Inc.	2.30%	$0.28	43.00%
0R23.L	Halliburton Company	2.29%	$0.68	44.61%
ADS	Bread Financial Holdings, Inc.	2.29%	$1.30	21.08%
HLNE	Hamilton Lane Incorporated	2.29%	$3.13	74.09%
BSVN	Bank7 Corp.	2.28%	$0.94	20.81%
MCBC	Macatawa Bank Corporation	2.28%	$0.34	28.37%
BRKL	Brookline Bancorp, Inc.	2.27%	$0.54	61.06%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

ASSA ABLOY AB (publ) (ASSA-B.ST)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener