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

Tortoise Energy Independence Fund, Inc. (NDP)

Company Dividend Discount ModelIndustry: Asset ManagementSector: Financial Services

Valuation Snapshot

Stable Growth$39.26 - $56.24$47.58
Multi-Stage$67.63 - $73.95$70.73
Blended Fair Value$59.15
Current Price$33.98
Upside74.09%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2023202220212020201920182017
DPS-29.26%0.00%2.522.190.660.858.8514.2514.210.000.000.00
YoY Growth--15.21%230.97%-22.50%-90.35%-37.90%0.32%0.00%0.00%0.00%0.00%
Dividend Yield--8.72%6.76%2.98%6.76%30.47%19.79%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)9.82
(-) Cash Dividends Paid (M)8.48
(=) Cash Retained (M)1.34
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1.961.230.74
Cash Retained (M)1.341.341.34
(-) Cash Required (M)-1.96-1.23-0.74
(=) Excess Retained (M)-0.620.120.61
(/) Shares Outstanding (M)1.731.731.73
(=) Excess Retained per Share-0.360.070.35
LTM Dividend per Share4.904.904.90
(+) Excess Retained per Share-0.360.070.35
(=) Adjusted Dividend4.544.975.25
WACC / Discount Rate9.34%9.34%9.34%
Growth Rate-2.00%-1.00%0.00%
Fair Value$39.26$47.58$56.24
Upside / Downside15.55%40.01%65.51%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)9.829.729.639.539.449.349.62
Payout Ratio86.32%87.05%87.79%88.53%89.26%90.00%92.50%
Projected Dividends (M)8.488.478.458.448.428.418.90

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.34%9.34%9.34%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)7.667.747.82
Year 2 PV (M)6.937.077.21
Year 3 PV (M)6.266.456.65
Year 4 PV (M)5.665.896.13
Year 5 PV (M)5.115.385.66
PV of Terminal Value (M)85.3389.7794.39
Equity Value (M)116.95122.31127.87
Shares Outstanding (M)1.731.731.73
Fair Value$67.63$70.73$73.95
Upside / Downside99.04%108.16%117.63%

High-Yield Dividend Screener

« Prev Page 151 of 151
Ticker ⇵ Company ⇵ Dividend Yield % ▼ Dividend Per Share ⇵ Payout Ratio % ⇵
TM.BKTechno Medical Public Company Limited0.00%$0.000.00%
TPMA.JKPT Trans Power Marine Tbk0.00%$0.0070.06%
TRIM.JKPT Trimegah Sekuritas Indonesia Tbk0.00%$0.010.01%
TRPZ.TATurpaz Industries Ltd0.00%$0.0426.21%
TSKB.ISTürkiye Sinai Kalkinma Bankasi A.S.0.00%$0.000.01%
TTAMTitan America S.A.0.00%$0.000.00%
UANG.JKPT Pakuan, Tbk0.00%$0.000.00%
UNIC.JKPT Unggul Indah Cahaya Tbk0.00%$0.0473.69%
VSMO.MEpublic stock company VSMPO-AVISMA Corporation0.00%$0.160.01%
VTY.LVistry Group PLC0.00%$0.000.01%
WAAREEENER.NSWaaree Energies Ltd0.00%$0.090.10%
WINS.JKPT Wintermar Offshore Marine Tbk0.00%$0.0013.95%
WKF.JOWorkforce Holdings Limited0.00%$0.012.18%
YAKG.MEPJSC Yakutsk Fuel and Energy Company0.00%$0.000.02%