DDM Analysis: DELTA-R.BK

Valuation Snapshot

Stable Growth	$29.62 - $62.83	$42.05
Multi-Stage	$21.96 - $23.96	$22.94
Blended Fair Value	$32.50
Current Price	$158.50
Upside	-79.50%
Decision	Don't Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	14.37%	5.24%	0.45	0.40	0.17	0.33	0.18	0.23	0.22	0.30	0.31	0.30
YoY Growth	-	-	12.50%	135.29%	-48.48%	83.33%	-21.74%	4.55%	-26.67%	-3.23%	3.33%	11.11%
Dividend Yield	-	-	0.68%	0.54%	0.15%	0.85%	0.62%	6.76%	3.14%	4.41%	3.54%	3.45%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	19,713.71
(-) Cash Dividends Paid (M)	5,737.96
(=) Cash Retained (M)	13,975.75

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	3,942.74	2,464.21	1,478.53
Cash Retained (M)	13,975.75	13,975.75	13,975.75
(-) Cash Required (M)	-3,942.74	-2,464.21	-1,478.53
(=) Excess Retained (M)	10,033.01	11,511.54	12,497.23
(/) Shares Outstanding (M)	12,482.95	12,482.95	12,482.95
(=) Excess Retained per Share	0.80	0.92	1.00
LTM Dividend per Share	0.46	0.46	0.46
(+) Excess Retained per Share	0.80	0.92	1.00
(=) Adjusted Dividend	1.26	1.38	1.46
WACC / Discount Rate	10.00%	10.00%	10.00%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$29.62	$42.05	$62.83
Upside / Downside	-81.31%	-73.47%	-60.36%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	19,713.71	20,995.10	22,359.78	23,813.17	25,361.02	27,009.49	27,819.77
Payout Ratio	29.11%	41.29%	53.46%	65.64%	77.82%	90.00%	92.50%
Projected Dividends (M)	5,737.96	8,667.86	11,954.40	15,631.57	19,736.27	24,308.54	25,733.29

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	10.00%	10.00%	10.00%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	7,805.92	7,879.91	7,953.90
Year 2 PV (M)	9,695.11	9,879.78	10,066.19
Year 3 PV (M)	11,416.69	11,744.43	12,078.37
Year 4 PV (M)	12,981.22	13,480.44	13,993.92
Year 5 PV (M)	14,398.65	15,094.11	15,816.18
PV of Terminal Value (M)	217,769.71	228,288.07	239,208.99
Equity Value (M)	274,067.30	286,366.73	299,117.55
Shares Outstanding (M)	12,482.95	12,482.95	12,482.95
Fair Value	$21.96	$22.94	$23.96
Upside / Downside	-86.15%	-85.53%	-84.88%

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

Delta Electronics (Thailand) Public Company Limited (DELTA-R.BK)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener