Definitive Analysis
Definitive Analysis

Financial Statements

Fundamentals

Valuations

Miscellaneous

Analysis Mode

Search

Grayscale Ethereum Mini Trust (ETH)

Company Dividend Discount ModelIndustry: Asset Management - CryptocurrencySector: Financial Services

Valuation Snapshot

Stable Growth$7.57 - $10.77$9.15
Multi-Stage$12.75 - $14.00$13.36
Blended Fair Value$11.25
Current Price$39.18
Upside-71.28%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS-70.24%-42.79%0.001.211.111.161.040.521.130.710.480.40
YoY Growth---99.90%8.44%-3.94%11.47%101.64%-54.31%59.24%47.32%20.34%24.71%
Dividend Yield--0.00%4.95%3.40%3.54%3.18%1.58%3.45%2.17%1.47%1.22%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)47.33
(-) Cash Dividends Paid (M)16.36
(=) Cash Retained (M)30.97
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)9.475.923.55
Cash Retained (M)30.9730.9730.97
(-) Cash Required (M)-9.47-5.92-3.55
(=) Excess Retained (M)21.5025.0527.42
(/) Shares Outstanding (M)41.6441.6441.64
(=) Excess Retained per Share0.520.600.66
LTM Dividend per Share0.390.390.39
(+) Excess Retained per Share0.520.600.66
(=) Adjusted Dividend0.910.991.05
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate-2.60%-1.60%-0.60%
Fair Value$7.57$9.15$10.77
Upside / Downside-80.68%-76.66%-72.50%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)47.3346.5745.8245.0944.3743.6644.97
Payout Ratio34.57%45.66%56.74%67.83%78.91%90.00%92.50%
Projected Dividends (M)16.3621.2626.0030.5835.0139.2941.59

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate-2.60%-1.60%-0.60%
Year 1 PV (M)19.2919.4919.69
Year 2 PV (M)21.4021.8522.29
Year 3 PV (M)22.8423.5524.28
Year 4 PV (M)23.7324.7225.74
Year 5 PV (M)24.1625.4226.74
PV of Terminal Value (M)419.36441.34464.22
Equity Value (M)530.78556.36582.96
Shares Outstanding (M)41.6441.6441.64
Fair Value$12.75$13.36$14.00
Upside / Downside-67.47%-65.90%-64.27%

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%