DDM Analysis: ZEEL.BO

Valuation Snapshot

Stable Growth	$33.18 - $45.81	$39.54
Multi-Stage	$54.57 - $60.05	$57.26
Blended Fair Value	$48.40
Current Price	$112.37
Upside	-56.93%
Decision	Don't Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DPS	-25.12%	-8.55%	1.00	0.00	3.00	2.50	0.30	4.25	4.33	2.50	2.71	4.22
YoY Growth	-	-	0.00%	-100.00%	20.03%	727.93%	-92.89%	-1.92%	73.45%	-7.98%	-35.65%	72.53%
Dividend Yield	-	-	0.68%	0.00%	1.69%	1.17%	0.14%	2.48%	1.21%	0.46%	0.55%	0.92%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	5,722.00
(-) Cash Dividends Paid (M)	961.00
(=) Cash Retained (M)	4,761.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	1,144.40	715.25	429.15
Cash Retained (M)	4,761.00	4,761.00	4,761.00
(-) Cash Required (M)	-1,144.40	-715.25	-429.15
(=) Excess Retained (M)	3,616.60	4,045.75	4,331.85
(/) Shares Outstanding (M)	960.52	960.52	960.52
(=) Excess Retained per Share	3.77	4.21	4.51
LTM Dividend per Share	1.00	1.00	1.00
(+) Excess Retained per Share	3.77	4.21	4.51
(=) Adjusted Dividend	4.77	5.21	5.51
WACC / Discount Rate	9.74%	9.74%	9.74%
Growth Rate	-4.04%	-3.04%	-2.04%
Fair Value	$33.18	$39.54	$45.81
Upside / Downside	-70.47%	-64.81%	-59.23%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	5,722.00	5,547.90	5,379.09	5,215.42	5,056.73	4,902.87	5,049.96
Payout Ratio	16.79%	31.44%	46.08%	60.72%	75.36%	90.00%	92.50%
Projected Dividends (M)	961.00	1,744.03	2,478.52	3,166.70	3,810.70	4,412.59	4,671.21

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	9.74%	9.74%	9.74%
Growth Rate	-4.04%	-3.04%	-2.04%
Year 1 PV (M)	1,572.86	1,589.25	1,605.64
Year 2 PV (M)	2,015.88	2,058.11	2,100.79
Year 3 PV (M)	2,322.81	2,396.19	2,471.10
Year 4 PV (M)	2,520.86	2,627.60	2,737.69
Year 5 PV (M)	2,632.53	2,772.59	2,918.55
PV of Terminal Value (M)	41,352.78	43,552.91	45,845.70
Equity Value (M)	52,417.71	54,996.65	57,679.46
Shares Outstanding (M)	960.52	960.52	960.52
Fair Value	$54.57	$57.26	$60.05
Upside / Downside	-51.44%	-49.05%	-46.56%

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

Zee Entertainment Enterprises Limited (ZEEL.BO)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener