DDM Analysis: EMIRATESNBD.AE

Valuation Snapshot

Stable Growth	$197.99 - $714.47	$629.95
Multi-Stage	$90.18 - $98.68	$94.35
Blended Fair Value	$362.15
Current Price	$22.80
Upside	1,488.38%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	27.81%	18.49%	1.19	0.60	0.50	0.40	0.40	0.35	0.35	0.35	0.35	0.31
YoY Growth	-	-	100.03%	20.00%	24.99%	0.00%	13.67%	0.00%	0.00%	0.00%	14.29%	40.00%
Dividend Yield	-	-	5.91%	3.42%	3.78%	2.65%	3.46%	4.84%	3.62%	3.40%	4.39%	4.09%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	22,790.00
(-) Cash Dividends Paid (M)	6,439.00
(=) Cash Retained (M)	16,351.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	4,558.00	2,848.75	1,709.25
Cash Retained (M)	16,351.00	16,351.00	16,351.00
(-) Cash Required (M)	-4,558.00	-2,848.75	-1,709.25
(=) Excess Retained (M)	11,793.00	13,502.25	14,641.75
(/) Shares Outstanding (M)	6,343.65	6,343.65	6,343.65
(=) Excess Retained per Share	1.86	2.13	2.31
LTM Dividend per Share	1.02	1.02	1.02
(+) Excess Retained per Share	1.86	2.13	2.31
(=) Adjusted Dividend	2.87	3.14	3.32
WACC / Discount Rate	7.03%	7.03%	7.03%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$197.99	$629.95	$714.47
Upside / Downside	768.38%	2,662.94%	3,033.65%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	22,790.00	24,271.35	25,848.99	27,529.17	29,318.57	31,224.28	32,161.00
Payout Ratio	28.25%	40.60%	52.95%	65.30%	77.65%	90.00%	92.50%
Projected Dividends (M)	6,439.00	9,854.87	13,687.60	17,976.95	22,766.08	28,101.85	29,748.93

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	7.03%	7.03%	7.03%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	9,121.00	9,207.45	9,293.91
Year 2 PV (M)	11,724.93	11,948.26	12,173.69
Year 3 PV (M)	14,252.48	14,661.62	15,078.51
Year 4 PV (M)	16,705.30	17,347.73	18,008.53
Year 5 PV (M)	19,085.00	20,006.82	20,963.91
PV of Terminal Value (M)	501,150.50	525,356.25	550,488.42
Equity Value (M)	572,039.20	598,528.13	626,006.96
Shares Outstanding (M)	6,343.65	6,343.65	6,343.65
Fair Value	$90.18	$94.35	$98.68
Upside / Downside	295.50%	313.82%	332.82%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 21 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
GATX	GATX Corporation	1.45%	$2.47	28.36%
SF	Stifel Financial Corp.	1.45%	$1.86	30.82%
0HFN.L	Analog Devices, Inc.	1.44%	$3.90	84.88%
HAYN	Haynes International, Inc.	1.44%	$0.88	30.16%
0I58.L	Cummins Inc.	1.43%	$7.42	38.53%
0HRJ.L	CSX Corporation	1.42%	$0.51	33.32%
OLED	Universal Display Corporation	1.42%	$1.73	37.24%
BBW	Build-A-Bear Workshop, Inc.	1.41%	$0.86	19.50%
LBC	Luther Burbank Corporation	1.41%	$0.13	17.07%
SNDR	Schneider National, Inc.	1.41%	$0.38	58.72%
0R13.L	Church & Dwight Co., Inc.	1.40%	$1.16	36.55%
COHN	Cohen & Company Inc.	1.40%	$0.35	48.05%
HLI	Houlihan Lokey, Inc.	1.40%	$2.48	39.81%
PATK	Patrick Industries, Inc.	1.40%	$1.54	44.05%
CXT	Crane NXT, Co.	1.39%	$0.66	24.82%
ESBA	Empire State Realty OP, L.P.	1.39%	$0.09	49.94%
MMS	Maximus, Inc.	1.39%	$1.21	21.54%
WYNN	Wynn Resorts, Limited	1.39%	$1.70	34.98%
ATEN	A10 Networks, Inc.	1.38%	$0.24	34.61%
HYAC	Haymaker Acquisition Corp. III	1.38%	$0.16	37.41%
ISTR	Investar Holding Corporation	1.38%	$0.36	18.11%
MCY	Mercury General Corporation	1.38%	$1.27	16.00%
ACU	Acme United Corporation	1.37%	$0.55	28.31%
DE	Deere & Company	1.36%	$6.34	34.22%
HYAC-UN	Haymaker Acquisition Corp. 4	1.36%	$0.16	37.41%
RTX	RTX Corporation	1.36%	$2.56	52.52%
0HIN.L	Assurant, Inc.	1.35%	$3.22	19.47%
AL	Air Lease Corporation	1.35%	$0.86	9.51%
BGCP	BGC Partners, Inc.	1.34%	$0.06	11.88%
ESRT	Empire State Realty Trust, Inc.	1.34%	$0.09	49.94%
HUM	Humana Inc.	1.34%	$3.55	33.23%
ZEUS	Olympic Steel, Inc.	1.34%	$0.59	50.16%
0K9L.L	Nucor Corporation	1.33%	$2.22	31.04%
BY	Byline Bancorp, Inc.	1.33%	$0.39	13.97%
LPX	Louisiana-Pacific Corporation	1.33%	$1.09	35.19%
OPOF	Old Point Financial Corporation	1.33%	$0.56	32.91%
WSM	Williams-Sonoma, Inc.	1.33%	$2.50	27.85%
RUSHA	Rush Enterprises, Inc.	1.32%	$0.71	21.15%
VLEOX	Value Line Small Cap Opportunities Fund, Inc. Investor Class	1.32%	$0.79	56.29%
0IW7.L	Global Payments Inc.	1.31%	$1.01	13.82%
APO	Apollo Global Management, Inc.	1.31%	$1.92	27.59%
EMP	Entergy Mississippi, Inc. 1M BD 66	1.31%	$0.27	6.72%
NDSN	Nordson Corporation	1.31%	$3.15	36.67%
ROK	Rockwell Automation, Inc.	1.31%	$5.23	68.01%
UMBF	UMB Financial Corporation	1.31%	$1.52	18.87%
0L3I.L	The Charles Schwab Corporation	1.30%	$1.29	28.42%
0R2X.L	Corning Incorporated	1.30%	$1.15	72.69%
EBAY	eBay Inc.	1.30%	$1.13	24.20%
GGG	Graco Inc.	1.30%	$1.07	36.31%
HES	Hess Corporation	1.30%	$1.94	26.90%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Analysis Mode

Ticker

Industry

Sector

Emirates NBD Bank PJSC (EMIRATESNBD.AE)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener