Definitive Analysis
Definitive Analysis

Financial Statements

Fundamentals

Valuations

Miscellaneous

Analysis Mode

Search

Cummins Inc. (0I58.L)

Company Dividend Discount ModelIndustry: Industrial - Capital GoodsSector: Industrials

Valuation Snapshot

Stable Growth$357.45 - $756.73$507.13
Multi-Stage$302.07 - $329.97$315.76
Blended Fair Value$411.44
Current Price$417.79
Upside-1.52%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS4.95%6.59%7.006.656.185.845.655.505.195.064.884.49
YoY Growth--5.21%7.72%5.69%3.45%2.76%5.99%2.43%3.70%8.68%21.48%
Dividend Yield--2.28%2.26%2.60%2.80%2.16%4.18%3.20%3.19%3.26%3.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)2,668.00
(-) Cash Dividends Paid (M)1,028.00
(=) Cash Retained (M)1,640.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)533.60333.50200.10
Cash Retained (M)1,640.001,640.001,640.00
(-) Cash Required (M)-533.60-333.50-200.10
(=) Excess Retained (M)1,106.401,306.501,439.90
(/) Shares Outstanding (M)138.45138.45138.45
(=) Excess Retained per Share7.999.4410.40
LTM Dividend per Share7.437.437.43
(+) Excess Retained per Share7.999.4410.40
(=) Adjusted Dividend15.4216.8617.83
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate4.59%5.59%6.59%
Fair Value$357.45$507.13$756.73
Upside / Downside-14.44%21.38%81.13%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)2,668.002,817.072,974.473,140.663,316.143,501.423,606.46
Payout Ratio38.53%48.82%59.12%69.41%79.71%90.00%92.50%
Projected Dividends (M)1,028.001,375.421,758.462,180.002,643.163,151.283,335.98

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate4.59%5.59%6.59%
Year 1 PV (M)1,248.781,260.721,272.66
Year 2 PV (M)1,449.551,477.401,505.52
Year 3 PV (M)1,631.581,678.831,726.98
Year 4 PV (M)1,796.081,865.761,937.46
Year 5 PV (M)1,944.192,038.932,137.33
PV of Terminal Value (M)33,751.0935,395.7837,103.97
Equity Value (M)41,821.2743,717.4245,683.91
Shares Outstanding (M)138.45138.45138.45
Fair Value$302.07$315.76$329.97
Upside / Downside-27.70%-24.42%-21.02%

High-Yield Dividend Screener

« Prev Page 19 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
2979.TSOSiLA Logistics REIT, Inc.6.51%$8,225.4581.63%
5135.KLSarawak Plantation Berhad6.51%$0.2057.64%
TOTB.DETotalEnergies SE6.51%$3.6556.75%
0QNK.LWarteck Invest AG6.49%$126.0080.72%
6605.TWDepo Auto Parts Industrial Co., Ltd.6.49%$8.9365.56%
INCLU.BRInclusio S.A.6.49%$1.1617.79%
TUGU.JKPT Asuransi Tugu Pratama Indonesia Tbk6.49%$76.8936.75%
014580.KSTaekyung Bk Co., Ltd6.48%$298.2330.77%
3485.TWOEclat Forever Machinery Co., Ltd.6.48%$8.8769.07%
3933.HKThe United Laboratories International Holdings Limited6.48%$0.7623.13%
JBH.AXJB Hi-Fi Limited6.48%$6.2475.94%
SGLLV.AXRicegrowers Limited6.48%$1.0754.55%
SJOVA.ICSjóvá-Almennar tryggingar hf.6.48%$2.8390.10%
010960.KSSamho Development Co., Ltd.6.47%$239.2128.41%
FIBRAMQ12.MXFIBRA Macquarie México6.47%$2.1939.90%
FWD.AXFleetwood Limited6.47%$0.1894.88%
VLID3.SAValid Soluções S.A.6.46%$1.3644.64%
214320.KSInnocean Worldwide Inc.6.45%$1,180.0956.54%
3481.TMitsubishi Estate Logistics REIT Investment Corporation6.45%$8,568.4374.88%
TMW.BKThai Mitsuwa Public Company Limited6.45%$3.6127.20%
IMPACT.BKImpact Growth Real Estate Investment Trust6.44%$0.6790.64%
1969.HKChina Chunlai Education Group Co., Ltd.6.43%$0.2318.54%
ALICA.PAIcape Holding S.A.6.43%$0.3845.20%
KBANK-R.BKKasikornbank Public Company Limited6.43%$12.5059.49%
KUMWEL.BKKumwell Corporation Public Company Limited6.43%$0.0745.73%
SLL.DESBO AG6.42%$1.7584.82%
TFF.PATFF Group6.42%$1.2330.40%
8958.TGlobal One Real Estate Investment Corp.6.41%$8,838.2459.36%
AALLON.HEAallon Group Oyj6.41%$0.6863.85%
PL8.AXPlato Income Maximiser Limited6.41%$0.0947.21%
PTT-R.BKPTT Public Company Limited6.41%$2.0578.59%
461300.KQi-Scream Media Co. Ltd.6.39%$1,098.5144.35%
FLRY3.SAFleury S.A.6.39%$0.9586.00%
000666.SZJingwei Textile Machinery Company Limited6.38%$0.5740.17%
013870.KSGMB Korea Corp.6.38%$256.3527.15%
2669.HKChina Overseas Property Holdings Limited6.38%$0.2929.88%
NRP.ASNEPI Rockcastle S.A.6.38%$0.4730.96%
2247.TWPan German Universal Motors Ltd.6.37%$17.9678.50%
MSC.BKMetro Systems Corporation Public Company Limited6.37%$0.5073.61%
017800.KSHyundai Elevator Co., Ltd6.36%$5,588.0485.50%
035250.KSKangwon Land, Inc.6.36%$1,169.5764.65%
5108.TBridgestone Corporation6.36%$223.5463.02%
FSHOP13.MXFibra Shop6.36%$0.5814.91%
FTREIT.BKFrasers Property Thailand Industrial Freehold & Leasehold REIT6.36%$0.7582.90%
0RG6.LFlughafen Zürich AG6.35%$11.0051.63%
0ZQ7.LInstone Real Estate Group SE6.35%$0.5079.32%
ENEL.MIEnel S.p.A.6.35%$0.5790.97%
STANLY.BKThai Stanley Electric Public Company Limited6.35%$12.0052.87%
TASCO-R.BKTipco Asphalt Public Company Limited6.35%$0.8788.88%
603279.SSJingjin Equipment Inc.6.34%$1.0799.67%