DDM Analysis: TERRA13.MX

Valuation Snapshot

Stable Growth	$67.22 - $159.37	$99.17
Multi-Stage	$69.65 - $76.39	$72.95
Blended Fair Value	$86.06
Current Price	$36.49
Upside	135.85%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	-0.06%	10.38%	2.90	1.73	1.93	2.12	2.41	2.91	2.86	2.19	1.62	1.45
YoY Growth	-	-	67.31%	-10.18%	-8.83%	-12.38%	-16.94%	1.53%	30.69%	35.34%	11.25%	34.76%
Dividend Yield	-	-	7.81%	3.83%	5.81%	7.55%	7.93%	11.08%	9.44%	7.40%	5.29%	4.54%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	2,533.82
(-) Cash Dividends Paid (M)	358.57
(=) Cash Retained (M)	2,175.25

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	506.76	316.73	190.04
Cash Retained (M)	2,175.25	2,175.25	2,175.25
(-) Cash Required (M)	-506.76	-316.73	-190.04
(=) Excess Retained (M)	1,668.48	1,858.52	1,985.21
(/) Shares Outstanding (M)	782.41	782.41	782.41
(=) Excess Retained per Share	2.13	2.38	2.54
LTM Dividend per Share	0.46	0.46	0.46
(+) Excess Retained per Share	2.13	2.38	2.54
(=) Adjusted Dividend	2.59	2.83	3.00
WACC / Discount Rate	7.17%	7.17%	7.17%
Growth Rate	3.20%	4.20%	5.20%
Fair Value	$67.22	$99.17	$159.37
Upside / Downside	84.22%	171.78%	336.76%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	2,533.82	2,640.17	2,750.99	2,866.46	2,986.78	3,112.15	3,205.52
Payout Ratio	14.15%	29.32%	44.49%	59.66%	74.83%	90.00%	92.50%
Projected Dividends (M)	358.57	774.13	1,223.94	1,710.15	2,235.02	2,800.94	2,965.10

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	7.17%	7.17%	7.17%
Growth Rate	3.20%	4.20%	5.20%
Year 1 PV (M)	715.37	722.30	729.24
Year 2 PV (M)	1,045.20	1,065.55	1,086.10
Year 3 PV (M)	1,349.56	1,389.17	1,429.55
Year 4 PV (M)	1,629.89	1,693.99	1,759.96
Year 5 PV (M)	1,887.56	1,980.80	2,077.69
PV of Terminal Value (M)	47,863.40	50,227.80	52,684.73
Equity Value (M)	54,490.97	57,079.62	59,767.28
Shares Outstanding (M)	782.41	782.41	782.41
Fair Value	$69.65	$72.95	$76.39
Upside / Downside	90.86%	99.93%	109.34%

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

Fibra Terrafina (TERRA13.MX)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener