Definitive Analysis
Definitive Analysis
Access
See Pricing

First Financial Corporation (THFF)

Company Dividend Discount ModelIndustry: Banks - RegionalSector: Financial Services

Valuation Snapshot

Stable Growth$133.20 - $318.12$196.97
Multi-Stage$99.67 - $108.87$104.19
Blended Fair Value$150.58
Current Price$56.44
Upside166.80%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS10.93%5.08%1.791.301.221.201.211.071.062.581.041.07
YoY Growth--38.13%6.39%1.96%-0.64%12.85%1.22%-59.10%147.24%-2.16%-2.45%
Dividend Yield--3.66%3.48%3.26%2.77%2.68%3.17%2.47%6.20%2.20%3.12%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)74.00
(-) Cash Dividends Paid (M)23.43
(=) Cash Retained (M)50.56
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)14.809.255.55
Cash Retained (M)50.5650.5650.56
(-) Cash Required (M)-14.80-9.25-5.55
(=) Excess Retained (M)35.7641.3145.01
(/) Shares Outstanding (M)11.8411.8411.84
(=) Excess Retained per Share3.023.493.80
LTM Dividend per Share1.981.981.98
(+) Excess Retained per Share3.023.493.80
(=) Adjusted Dividend5.005.475.78
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate5.15%6.15%7.15%
Fair Value$133.20$196.97$318.12
Upside / Downside136.01%248.99%463.64%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)74.0078.5583.3888.5193.9599.73102.72
Payout Ratio31.67%43.34%55.00%66.67%78.33%90.00%92.50%
Projected Dividends (M)23.4334.0445.8659.0073.5989.7595.01

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate5.15%6.15%7.15%
Year 1 PV (M)30.9131.2031.49
Year 2 PV (M)37.8138.5339.26
Year 3 PV (M)44.1745.4446.74
Year 4 PV (M)50.0251.9553.93
Year 5 PV (M)55.3958.0760.86
PV of Terminal Value (M)961.541,008.141,056.53
Equity Value (M)1,179.821,233.331,288.81
Shares Outstanding (M)11.8411.8411.84
Fair Value$99.67$104.19$108.87
Upside / Downside76.59%84.60%92.90%

High-Yield Dividend Screener

« Prev Page 16 of 30 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
HWBKHawthorn Bancshares, Inc.2.27%$0.7724.18%
UTMDUtah Medical Products, Inc.2.27%$1.2835.35%
DKSDICK'S Sporting Goods, Inc.2.26%$4.5238.61%
EMLThe Eastern Company2.26%$0.4437.05%
SBCFSeacoast Banking Corporation of Florida2.26%$0.7143.09%
WMKWeis Markets, Inc.2.26%$1.4535.88%
0JYA.LMarathon Petroleum Corporation2.25%$3.7274.60%
FSBCFive Star Bancorp2.25%$0.8029.79%
IBMInternational Business Machines Corporation2.25%$6.5678.75%
0KYZ.LSBA Communications Corporation2.24%$4.3254.40%
BPOPPopular, Inc.2.24%$2.8224.06%
MFINMedallion Financial Corp.2.24%$0.2312.50%
MSMorgan Stanley2.24%$4.0740.12%
FXNCFirst National Corporation2.23%$0.5586.28%
BACBank of America Corporation2.22%$1.2431.97%
SSBSouthState Corporation2.22%$2.0930.58%
VLGEAVillage Super Market, Inc.2.22%$0.7720.42%
WWWWolverine World Wide, Inc.2.22%$0.4137.79%
CCBGCapital City Bank Group, Inc.2.21%$0.9326.22%
CGThe Carlyle Group Inc.2.20%$1.3476.25%
NHINational Health Investors, Inc.2.20%$1.6954.58%
VNOVornado Realty Trust2.20%$0.7315.58%
BANCBanc of California, Inc.2.19%$0.4332.44%
EBTCEnterprise Bancorp, Inc.2.19%$0.8726.66%
RHPRyman Hospitality Properties, Inc.2.19%$2.0957.31%
CDPCOPT Defense Properties2.18%$0.6045.15%
FDSFactSet Research Systems Inc.2.18%$6.2039.64%
ISBAIsabella Bank Corporation2.18%$1.1044.52%
WHWyndham Hotels & Resorts, Inc.2.18%$1.6437.28%
EFSCEnterprise Financial Services Corp2.17%$1.1722.34%
ETHGrayscale Ethereum Mini Trust2.17%$0.6434.57%
SEMSelect Medical Holdings Corporation2.17%$0.3236.19%
BFSTBusiness First Bancshares, Inc.2.16%$0.5620.21%
CWBCCommunity West Bancshares2.16%$0.4826.89%
EHTHeHealth, Inc.2.16%$0.095.60%
TPLTexas Pacific Land Corporation2.16%$6.4231.02%
CBSHCommerce Bancshares, Inc.2.15%$1.1226.40%
COLMColumbia Sportswear Company2.15%$1.2035.55%
HTHHilltop Holdings Inc.2.15%$0.7328.46%
NATHNathan's Famous, Inc.2.15%$1.9835.76%
RCKYRocky Brands, Inc.2.15%$0.6222.50%
BDXBecton, Dickinson and Company2.14%$4.1771.28%
CICigna Corporation2.14%$5.9626.01%
FBIZFirst Business Financial Services, Inc.2.14%$1.1518.19%
JBSSJohn B. Sanfilippo & Son, Inc.2.14%$1.4926.50%
JNPRJuniper Networks, Inc.2.14%$0.8682.37%
POOLPool Corporation2.14%$4.9244.68%
CSCOCisco Systems, Inc.2.13%$1.6262.56%
CSTRCapStar Financial Holdings, Inc.2.13%$0.4330.48%
HTLFHeartland Financial USA, Inc.2.13%$1.3869.73%