DDM Analysis: KPC.L

Valuation Snapshot

Stable Growth	$0.69 - $0.90	$0.80
Multi-Stage	$1.30 - $1.44	$1.37
Blended Fair Value	$1.09
Current Price	$2.31
Upside	-52.99%
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	-51.46%	-28.32%	0.00	0.00	0.04	0.11	0.13	0.17	0.13	0.13	0.14	0.13
YoY Growth	-	-	11.74%	-90.01%	-64.27%	-11.61%	-23.53%	26.90%	2.40%	-7.90%	8.41%	2.44%
Dividend Yield	-	-	0.20%	0.20%	2.10%	3.29%	5.06%	5.44%	3.92%	3.72%	4.03%	3.64%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	12.27
(-) Cash Dividends Paid (M)	0.55
(=) Cash Retained (M)	11.72

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	2.45	1.53	0.92
Cash Retained (M)	11.72	11.72	11.72
(-) Cash Required (M)	-2.45	-1.53	-0.92
(=) Excess Retained (M)	9.27	10.19	10.80
(/) Shares Outstanding (M)	61.15	61.15	61.15
(=) Excess Retained per Share	0.15	0.17	0.18
LTM Dividend per Share	0.01	0.01	0.01
(+) Excess Retained per Share	0.15	0.17	0.18
(=) Adjusted Dividend	0.16	0.18	0.19
WACC / Discount Rate	9.55%	9.55%	9.55%
Growth Rate	-11.09%	-10.09%	-9.09%
Fair Value	$0.69	$0.80	$0.90
Upside / Downside	-70.09%	-65.23%	-60.84%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	12.27	11.03	9.92	8.92	8.02	7.21	7.42
Payout Ratio	4.46%	21.57%	38.68%	55.78%	72.89%	90.00%	92.50%
Projected Dividends (M)	0.55	2.38	3.84	4.97	5.84	6.49	6.87

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	9.55%	9.55%	9.55%
Growth Rate	-11.09%	-10.09%	-9.09%
Year 1 PV (M)	2.15	2.17	2.20
Year 2 PV (M)	3.12	3.20	3.27
Year 3 PV (M)	3.66	3.78	3.91
Year 4 PV (M)	3.88	4.06	4.24
Year 5 PV (M)	3.89	4.11	4.34
PV of Terminal Value (M)	62.76	66.37	70.15
Equity Value (M)	79.46	83.69	88.10
Shares Outstanding (M)	61.15	61.15	61.15
Fair Value	$1.30	$1.37	$1.44
Upside / Downside	-43.75%	-40.76%	-37.63%

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

Keystone Positive Change Investment Trust plc (KPC.L)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener