Definitive Analysis
Definitive Analysis

Financial Statements

Fundamentals

Valuations

Miscellaneous

Analysis Mode

Search

South Plains Financial, Inc. (SPFI)

Company Dividend Discount ModelIndustry: Banks - RegionalSector: Financial Services

Valuation Snapshot

Stable Growth$82.27 - $218.24$125.80
Multi-Stage$55.81 - $61.01$58.36
Blended Fair Value$92.08
Current Price$38.65
Upside138.24%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR20242023202220212020201920182017
DPS53.36%0.00%0.540.510.470.320.150.061.760.460.000.00
YoY Growth--4.68%9.15%48.78%113.01%134.29%-96.41%281.57%0.00%0.00%0.00%
Dividend Yield--1.62%2.00%2.20%1.19%0.65%0.41%9.96%2.61%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)59.71
(-) Cash Dividends Paid (M)9.95
(=) Cash Retained (M)49.76
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)11.947.464.48
Cash Retained (M)49.7649.7649.76
(-) Cash Required (M)-11.94-7.46-4.48
(=) Excess Retained (M)37.8242.3045.28
(/) Shares Outstanding (M)17.0317.0317.03
(=) Excess Retained per Share2.222.482.66
LTM Dividend per Share0.580.580.58
(+) Excess Retained per Share2.222.482.66
(=) Adjusted Dividend2.813.073.24
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate5.50%6.50%7.50%
Fair Value$82.27$125.80$218.24
Upside / Downside112.86%225.48%464.65%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)59.7163.6067.7372.1376.8281.8184.27
Payout Ratio16.67%31.34%46.00%60.67%75.33%90.00%92.50%
Projected Dividends (M)9.9519.9331.1643.7657.8773.6377.95

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)18.0918.2718.44
Year 2 PV (M)25.6926.1826.67
Year 3 PV (M)32.7633.7034.66
Year 4 PV (M)39.3440.8542.41
Year 5 PV (M)45.4547.6449.92
PV of Terminal Value (M)788.94827.05866.61
Equity Value (M)950.27993.681,038.71
Shares Outstanding (M)17.0317.0317.03
Fair Value$55.81$58.36$61.01
Upside / Downside44.40%51.00%57.84%

High-Yield Dividend Screener

« Prev Page 20 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
PZU.WAPowszechny Zaklad Ubezpieczen S.A.6.34%$4.3461.18%
TIMS3.SATIM S.A.6.34%$1.3782.19%
5027.KLKim Loong Resources Berhad6.33%$0.1590.58%
600177.SSYoungor Group Co.,Ltd6.33%$0.4885.43%
MQG.AXMacquarie Group Limited6.33%$12.8967.45%
1286.HKImpro Precision Industries Limited6.32%$0.3247.46%
2199.HKRegina Miracle International (Holdings) Limited6.32%$0.1551.30%
4331.SRAljazira Mawten REIT Fund6.32%$0.7471.72%
8284.TWOMitake Information Corporation6.32%$3.9988.71%
B7E.DEBlue Cap AG6.32%$1.0945.09%
SHAF.SWSchaeffler AG6.32%$0.4699.67%
2069.TWYuen Chang Stainless Steel Co., Ltd.6.31%$1.1672.53%
603369.SSJiangsu King's Luck Brewery Joint-Stock Co., Ltd.6.31%$2.2095.23%
035600.KQKginicis Co.,Ltd6.30%$640.7433.42%
3859.KLMagnum Berhad6.30%$0.0963.20%
600582.SSTiandi Science & Technology Co.Ltd6.29%$0.3754.45%
6281.TWE-Life Corporation6.29%$3.9796.34%
8953.TJapan Metropolitan Fund Investment Corporation6.29%$7,808.7582.66%
KYE.BKKang Yong Electric Public Company Limited6.29%$17.8046.83%
3130.TW104 Corporation6.28%$14.0798.54%
601658.SSPostal Savings Bank of China Co., Ltd.6.28%$0.3446.63%
005257.KSGreen Cross Holdings Corporation6.27%$1,649.8533.43%
4138.TWODynamic Medical Technologies Inc.6.27%$3.7785.97%
4383.KLJaya Tiasa Holdings Berhad6.27%$0.0740.20%
AH-R.BKAAPICO Hitech Public Company Limited6.27%$0.7935.60%
1093.HKCSPC Pharmaceutical Group Limited6.26%$0.5359.84%
1397.HKBaguio Green Group Limited6.26%$0.0721.64%
005440.KSHyundai Green Food Co.,Ltd.6.25%$501.5314.65%
0506.HKChina Foods Limited6.25%$0.2744.98%
0RFX.LBell Food Group AG6.25%$14.0034.79%
1345.HKShanghai Pioneer Holding Ltd6.25%$0.1461.06%
M-PAT.BKMFC Patong Heritage Property Fund6.25%$0.1267.74%
PRV-UN.TOPro Real Estate Investment Trust6.25%$0.4177.89%
2006.TWTung Ho Steel Enterprise Corporation6.24%$3.9966.06%
600867.SSTonghua Dongbao Pharmaceutical Co., Ltd.6.24%$0.5180.83%
CEKA.JKPT Wilmar Cahaya Indonesia Tbk.6.22%$149.7933.39%
TSFA.FTaiwan Semiconductor Manufacturing Company Limited6.22%$17.0027.78%
002061.SZZhejiang Communications Technology Co., Ltd.6.21%$0.2555.66%
003410.KSSsangYong C&E Co., Ltd.6.21%$434.4384.58%
6170.TWOWelldone Company6.21%$3.0864.20%
7480.TSuzuden Corporation6.21%$104.5987.83%
HMPRO-R.BKHome Product Center Public Company Limited6.21%$0.4187.39%
IPCC.JKPT Indonesia Kendaraan Terminal Tbk6.21%$86.9664.44%
4532.TWRechi Precision Co., Ltd.6.20%$1.5172.65%
OPM.PAOPmobility6.20%$1.0244.93%
BCVN.SWBanque Cantonale Vaudoise6.19%$6.2168.66%
MF.PAWendel6.19%$5.0581.14%
OVS.MIOVS S.p.A.6.19%$0.3079.04%
A5G.IRAIB Group plc6.18%$0.5848.87%
BEK-B.TOThe Becker Milk Company Limited6.18%$0.8047.42%