Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Associated British Foods plc (ABF.L)

Company Dividend Discount ModelIndustry: Packaged FoodsSector: Consumer Defensive

Valuation Snapshot

Stable Growth$54.71 - $106.92$75.38
Multi-Stage$51.53 - $56.34$53.89
Blended Fair Value$64.63
Current Price$18.95
Upside241.08%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS7.00%6.97%0.670.460.510.070.360.480.440.400.370.36
YoY Growth--45.51%-9.21%675.51%-81.92%-24.30%9.48%9.36%7.17%2.95%5.86%
Dividend Yield--2.86%2.30%4.01%0.33%1.79%2.10%1.90%1.20%1.22%1.15%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)2,492.00
(-) Cash Dividends Paid (M)825.00
(=) Cash Retained (M)1,667.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)498.40311.50186.90
Cash Retained (M)1,667.001,667.001,667.00
(-) Cash Required (M)-498.40-311.50-186.90
(=) Excess Retained (M)1,168.601,355.501,480.10
(/) Shares Outstanding (M)751.31751.31751.31
(=) Excess Retained per Share1.561.801.97
LTM Dividend per Share1.101.101.10
(+) Excess Retained per Share1.561.801.97
(=) Adjusted Dividend2.652.903.07
WACC / Discount Rate8.94%8.94%8.94%
Growth Rate3.90%4.90%5.90%
Fair Value$54.71$75.38$106.92
Upside / Downside188.73%297.77%464.20%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)2,492.002,614.122,742.222,876.603,017.563,165.433,260.40
Payout Ratio33.11%44.48%55.86%67.24%78.62%90.00%92.50%
Projected Dividends (M)825.001,162.881,531.901,934.292,372.442,848.893,015.87

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.94%8.94%8.94%
Growth Rate3.90%4.90%5.90%
Year 1 PV (M)1,057.281,067.461,077.64
Year 2 PV (M)1,266.311,290.811,315.53
Year 3 PV (M)1,453.751,496.131,539.32
Year 4 PV (M)1,621.131,684.451,749.60
Year 5 PV (M)1,769.921,856.751,946.95
PV of Terminal Value (M)31,546.6133,094.2334,702.01
Equity Value (M)38,715.0040,489.8242,331.05
Shares Outstanding (M)751.31751.31751.31
Fair Value$51.53$53.89$56.34
Upside / Downside171.93%184.39%197.32%

High-Yield Dividend Screener

« Prev Page 19 of 30 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
SIGISelective Insurance Group, Inc.1.77%$1.4822.19%
FUSBFirst US Bancshares, Inc.1.76%$0.2526.72%
RRyder System, Inc.1.76%$3.4128.29%
RGAReinsurance Group of America, Incorporated1.75%$3.5527.34%
TFG.ASTetragon Financial Group Limited1.75%$0.303.32%
WFCWells Fargo & Company1.75%$1.6725.46%
HCKTThe Hackett Group, Inc.1.74%$0.3485.97%
LEGLeggett & Platt, Incorporated1.74%$0.1911.94%
RPRXRoyalty Pharma plc1.74%$0.6749.36%
SFBCSound Financial Bancorp, Inc.1.74%$0.7637.96%
SXTSensient Technologies Corporation1.74%$1.6350.00%
MKTXMarketAxess Holdings Inc.1.73%$3.0952.31%
PRGPROG Holdings, Inc.1.73%$0.5112.57%
STELStellar Bancorp, Inc.1.73%$0.5326.88%
UFCSUnited Fire Group, Inc.1.73%$0.6214.63%
AMALAmalgamated Financial Corp.1.72%$0.5516.32%
BKThe Bank of New York Mellon Corporation1.72%$2.0127.06%
COWNCowen Inc.1.72%$0.6733.32%
DGDollar General Corporation1.72%$2.3540.66%
AMKRAmkor Technology, Inc.1.71%$0.7359.04%
DTFDTF Tax-Free Income 2028 Term Fund Inc.1.71%$0.2080.42%
ERIEErie Indemnity Company1.71%$4.7538.59%
FLXSFlexsteel Industries, Inc.1.71%$0.6817.01%
MTCHMatch Group, Inc.1.71%$0.5425.07%
LBRTLiberty Energy Inc.1.70%$0.3228.43%
OVBCOhio Valley Banc Corp.1.70%$0.6728.36%
WTFCWintrust Financial Corporation1.70%$2.4320.92%
BANFBancFirst Corporation1.69%$1.8025.72%
BDLFlanigan's Enterprises, Inc.1.69%$0.5021.50%
CDHAXCalvert International Responsible Idx A1.69%$0.6441.92%
CINRSisecam Resources LP1.69%$0.3419.21%
EXPOExponent, Inc.1.69%$1.1858.07%
GDGeneral Dynamics Corporation1.69%$5.8037.41%
HQIHireQuest, Inc.1.69%$0.1836.36%
OTFBlue Owl Technology Finance Corp.1.69%$0.249.20%
PHINPHINIA Inc.1.68%$1.0947.78%
PTRSPartners Bancorp1.68%$0.1213.62%
RNGRRanger Energy Services, Inc.1.67%$0.2434.90%
HQHAbrdn Healthcare Investors1.66%$0.316.95%
JILLJ.Jill, Inc.1.66%$0.2310.45%
PSH.ASPershing Square Holdings, Ltd.1.65%$0.856.48%
SKTTanger Inc.1.65%$0.5558.16%
USCBUSCB Financial Holdings, Inc.1.64%$0.3018.70%
BOTJBank of the James Financial Group, Inc.1.62%$0.3026.41%
RSReliance Steel & Aluminum Co.1.62%$4.7834.66%
SCIService Corporation International1.62%$1.2533.57%
SMLPSummit Midstream Partners, LP1.62%$0.596.02%
TKRThe Timken Company1.62%$1.4032.90%
TRINLTrinity Capital Inc. - 7.00% No1.62%$0.4120.50%
CARRCarrier Global Corporation1.61%$0.8618.56%