Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Company Industry Sector

Fundamentals

Margins Returns Growth Rates Metrics/Ratios

Valuations

Projections DCF DDM EPV Multiples Valuations

Miscellaneous

Indicators Charts WACC Beta Predictability

Mode

Company Industry Sector

Ticker

Industry

Sector

VersaBank (VBNK)

Company Dividend Discount ModelIndustry: Banks - RegionalSector: Financial Services

Valuation Snapshot

Stable Growth$16.88 - $34.79$23.72
Multi-Stage$18.79 - $20.61$19.68
Blended Fair Value$21.70
Current Price$16.37
Upside32.57%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-0.49%0.00%0.120.120.120.130.140.120.100.070.070.06
YoY Growth---0.33%-3.46%-3.04%-10.14%16.37%20.83%38.30%0.00%20.80%0.00%
Dividend Yield--0.60%0.79%1.20%0.87%1.27%1.63%1.36%0.94%1.60%1.24%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)28.77
(-) Cash Dividends Paid (M)3.33
(=) Cash Retained (M)25.44
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)5.753.602.16
Cash Retained (M)25.4425.4425.44
(-) Cash Required (M)-5.75-3.60-2.16
(=) Excess Retained (M)19.6921.8423.28
(/) Shares Outstanding (M)29.9829.9829.98
(=) Excess Retained per Share0.660.730.78
LTM Dividend per Share0.110.110.11
(+) Excess Retained per Share0.660.730.78
(=) Adjusted Dividend0.770.840.89
WACC / Discount Rate7.47%7.47%7.47%
Growth Rate2.79%3.79%4.79%
Fair Value$16.88$23.72$34.79
Upside / Downside3.14%44.91%112.49%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)28.7729.8630.9932.1733.3934.6635.70
Payout Ratio11.57%27.26%42.94%58.63%74.31%90.00%92.50%
Projected Dividends (M)3.338.1413.3118.8624.8231.1933.02

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.47%7.47%7.47%
Growth Rate2.79%3.79%4.79%
Year 1 PV (M)7.507.577.65
Year 2 PV (M)11.3011.5211.75
Year 3 PV (M)14.7615.2015.64
Year 4 PV (M)17.9018.6019.33
Year 5 PV (M)20.7321.7622.83
PV of Terminal Value (M)491.05515.40540.72
Equity Value (M)563.24590.06617.91
Shares Outstanding (M)29.9829.9829.98
Fair Value$18.79$19.68$20.61
Upside / Downside14.77%20.24%25.91%

High-Yield Dividend Screener

« Prev Page 15 of 30 Next »
Ticker ⇵ Company ⇵ Dividend Yield % ▼ Dividend Per Share ⇵ Payout Ratio % ⇵
0R28.LNewmont Corporation2.49%$1.0115.53%
ETREntergy Corporation2.49%$2.3457.35%
NKENIKE, Inc.2.49%$1.5880.59%
OTTROtter Tail Corporation2.49%$2.0330.69%
FHNFirst Horizon Corporation2.48%$0.6034.42%
PWPPerella Weinberg Partners2.48%$0.4469.65%
SCSSteelcase Inc.2.48%$0.4050.05%
PBIPitney Bowes Inc.2.46%$0.2561.37%
RBCAARepublic Bancorp, Inc.2.45%$1.6725.85%
SRCE1st Source Corporation2.45%$1.5325.20%
TRMKTrustmark Corporation2.45%$0.9626.11%
VOYAVoya Financial, Inc.2.45%$1.8629.46%
AWKAmerican Water Works Company, Inc.2.44%$3.1855.85%
LSTRLandstar System, Inc.2.44%$3.5890.21%
NGLNGL Energy Partners LP2.44%$0.2424.52%
TCFCThe Community Financial Corporation2.44%$0.6612.72%
CADECadence Bank2.43%$1.0537.49%
JNJJohnson & Johnson2.43%$5.0448.70%
MBCNMiddlefield Banc Corp.2.43%$0.8342.36%
0L7G.LSnap-on Incorporated2.42%$8.4344.15%
ITWIllinois Tool Works Inc.2.42%$6.0458.20%
MOFGMidWestOne Financial Group, Inc.2.40%$0.9232.44%
FFINFirst Financial Bankshares, Inc.2.39%$0.7242.45%
ADPAutomatic Data Processing, Inc.2.38%$6.0359.30%
CALCaleres, Inc.2.38%$0.2946.21%
ABMABM Industries Incorporated2.37%$1.0154.79%
FUNCFirst United Corporation2.36%$0.8822.87%
HONHoneywell International Inc.2.36%$4.6348.21%
RILYKB. Riley Financial, Inc. 5.50% Senior Notes Due 20262.36%$0.5856.91%
CDWCDW Corporation2.35%$3.1439.31%
CHMGChemung Financial Corporation2.35%$1.2846.47%
LZBLa-Z-Boy Incorporated2.35%$0.8840.20%
PKGPackaging Corporation of America2.35%$4.9750.31%
UNPUnion Pacific Corporation2.35%$5.4445.77%
0K91.LNorthern Trust Corporation2.34%$3.2035.68%
MCDMcDonald's Corporation2.33%$7.0760.14%
MGEEMGE Energy, Inc.2.32%$1.8249.49%
MZTIThe Marzetti Company2.32%$3.8261.80%
UNMUnum Group2.32%$1.7933.52%
RILYMB. Riley Financial, Inc. - 6.372.31%$0.5856.91%
RILYOB. Riley Financial, Inc. - 6.752.31%$0.5856.91%
HONIVHoneywell International Inc. Common Stock Ex Distribution When Issued2.30%$4.6348.21%
PGRThe Progressive Corporation2.30%$4.8826.80%
WNEBWestern New England Bancorp, Inc.2.30%$0.2843.00%
0R23.LHalliburton Company2.29%$0.6844.61%
ADSBread Financial Holdings, Inc.2.29%$1.3021.08%
HLNEHamilton Lane Incorporated2.29%$3.1374.09%
BSVNBank7 Corp.2.28%$0.9420.81%
MCBCMacatawa Bank Corporation2.28%$0.3428.37%
BRKLBrookline Bancorp, Inc.2.27%$0.5461.06%