Definitive Analysis
Definitive Analysis

Financial Statements

Fundamentals

Valuations

Miscellaneous

Analysis Mode

Search

Cincinnati Financial Corporation (0HYE.L)

Company Dividend Discount ModelIndustry: Insurance - Property & CasualtySector: Financial Services

Valuation Snapshot

Stable Growth$254.19 - $545.03$362.27
Multi-Stage$208.44 - $227.87$217.98
Blended Fair Value$290.12
Current Price$158.10
Upside83.51%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS6.66%5.83%3.112.882.692.512.382.262.132.541.942.32
YoY Growth--7.93%7.33%7.09%5.33%5.63%5.65%-16.00%30.72%-16.39%31.65%
Dividend Yield--2.11%2.36%2.40%1.85%2.31%2.99%2.47%3.42%2.69%3.56%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)2,122.00
(-) Cash Dividends Paid (M)517.00
(=) Cash Retained (M)1,605.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)424.40265.25159.15
Cash Retained (M)1,605.001,605.001,605.00
(-) Cash Required (M)-424.40-265.25-159.15
(=) Excess Retained (M)1,180.601,339.751,445.85
(/) Shares Outstanding (M)157.43157.43157.43
(=) Excess Retained per Share7.508.519.18
LTM Dividend per Share3.283.283.28
(+) Excess Retained per Share7.508.519.18
(=) Adjusted Dividend10.7811.7912.47
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate4.66%5.66%6.66%
Fair Value$254.19$362.27$545.03
Upside / Downside60.78%129.14%244.74%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)2,122.002,242.062,368.922,502.952,644.572,794.202,878.03
Payout Ratio24.36%37.49%50.62%63.75%76.87%90.00%92.50%
Projected Dividends (M)517.00840.571,199.111,595.522,032.962,514.782,662.18

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate4.66%5.66%6.66%
Year 1 PV (M)763.18770.48777.77
Year 2 PV (M)988.471,007.451,026.61
Year 3 PV (M)1,194.161,228.721,263.94
Year 4 PV (M)1,381.471,435.031,490.13
Year 5 PV (M)1,551.551,627.111,705.58
PV of Terminal Value (M)26,934.9228,246.5529,608.79
Equity Value (M)32,813.7634,315.3335,872.82
Shares Outstanding (M)157.43157.43157.43
Fair Value$208.44$217.98$227.87
Upside / Downside31.84%37.87%44.13%

High-Yield Dividend Screener

« Prev Page 17 of 30 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
SAHSonic Automotive, Inc.2.13%$1.3135.28%
AIG-PAAmerican International Group, Inc.2.12%$1.6930.01%
LANCLancaster Colony Corporation2.11%$3.8261.80%
TDACTranslational Development Acquisition Corp.2.10%$0.2279.86%
FASTFastenal Company2.09%$0.8579.50%
FDUSFidus Investment Corporation2.09%$0.4117.86%
IBOCInternational Bancshares Corporation2.09%$1.4020.70%
SMRSXALPS/Smith Short Duration Bond Investor2.09%$0.2298.81%
SSSSSuRo Capital Corp.2.09%$0.208.46%
MLRMiller Industries, Inc.2.08%$0.7830.00%
OACCOaktree Acquisition Corp. III Life Sciences2.08%$0.2261.74%
FCCOFirst Community Corporation2.07%$0.6025.08%
GNTXGentex Corporation2.07%$0.4928.42%
OACCUOaktree Acquisition Corp. III Life Sciences Unit2.07%$0.2261.74%
DLBDolby Laboratories, Inc.2.06%$1.3149.64%
APOGApogee Enterprises, Inc.2.05%$0.7737.24%
CAKEThe Cheesecake Factory Incorporated2.05%$1.0832.74%
EWBCEast West Bancorp, Inc.2.05%$2.3625.97%
ALFCenturion Acquisition Corp.2.04%$0.2251.38%
ATOAtmos Energy Corporation2.04%$3.4546.19%
OVLYOak Valley Bancorp2.04%$0.6129.73%
0HYE.LCincinnati Financial Corporation2.03%$3.2824.36%
AOSA. O. Smith Corporation2.03%$1.3936.68%
ACTEnact Holdings, Inc.2.02%$0.8018.03%
ARKOArko Corp.2.02%$0.0955.86%
KFYKorn Ferry2.02%$1.3426.97%
0H68.LAflac Incorporated2.01%$2.2028.14%
LENLennar Corporation2.01%$2.1025.46%
AVYAvery Dennison Corporation2.00%$3.6641.17%
RHLDResolute Holdings Management, Inc.2.00%$3.7422.61%
ALFUUCenturion Acquisition Corp. Unit1.99%$0.2251.38%
GNTYGuaranty Bancshares, Inc.1.99%$0.9730.69%
NCNACCO Industries, Inc.1.99%$0.9524.54%
QCOMQUALCOMM Incorporated1.99%$3.4468.67%
THGThe Hanover Insurance Group, Inc.1.98%$3.5520.46%
CNMDCONMED Corporation1.97%$0.8038.60%
FBINFortune Brands Innovations, Inc.1.97%$1.0036.69%
FEIMFrequency Electronics, Inc.1.97%$1.0046.25%
RPMRPM International Inc.1.97%$2.0437.93%
BNJBrookfield Finance Inc. 4.50% P1.96%$0.3070.51%
MTGMGIC Investment Corporation1.96%$0.5717.51%
CCSCentury Communities, Inc.1.95%$1.1516.06%
0K6F.LNetApp, Inc.1.94%$2.0735.51%
BLKBlackRock, Inc.1.94%$21.0053.94%
FNB-PEF.N.B. Corporation1.94%$0.4834.55%
0L4F.LSealed Air Corporation1.93%$0.8030.13%
AEOAmerican Eagle Outfitters, Inc.1.93%$0.5142.14%
SLGNSilgan Holdings Inc.1.93%$0.8026.98%
FSFGFirst Savings Financial Group, Inc.1.92%$0.6123.93%
GENGen Digital Inc.1.92%$0.5054.91%