DDM Analysis: LWDB.L

Valuation Snapshot

Stable Growth	$55.88 - $150.16	$85.79
Multi-Stage	$38.27 - $41.81	$40.01
Blended Fair Value	$62.90
Current Price	$10.00
Upside	528.97%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	13.29%	9.16%	0.33	0.31	0.28	0.27	0.35	0.18	0.16	0.15	0.15	0.15
YoY Growth	-	-	6.16%	9.02%	6.43%	-24.20%	99.87%	9.59%	4.74%	5.02%	0.02%	6.74%
Dividend Yield	-	-	3.66%	3.84%	3.66%	3.32%	5.07%	2.69%	2.96%	2.42%	2.74%	2.91%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	310.57
(-) Cash Dividends Paid (M)	87.07
(=) Cash Retained (M)	223.50

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	62.11	38.82	23.29
Cash Retained (M)	223.50	223.50	223.50
(-) Cash Required (M)	-62.11	-38.82	-23.29
(=) Excess Retained (M)	161.38	184.68	200.21
(/) Shares Outstanding (M)	131.71	131.71	131.71
(=) Excess Retained per Share	1.23	1.40	1.52
LTM Dividend per Share	0.66	0.66	0.66
(+) Excess Retained per Share	1.23	1.40	1.52
(=) Adjusted Dividend	1.89	2.06	2.18
WACC / Discount Rate	9.06%	9.06%	9.06%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$55.88	$85.79	$150.16
Upside / Downside	458.80%	757.85%	1,401.65%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	310.57	330.75	352.25	375.15	399.53	425.50	438.27
Payout Ratio	28.04%	40.43%	52.82%	65.21%	77.61%	90.00%	92.50%
Projected Dividends (M)	87.07	133.72	186.06	244.65	310.07	382.95	405.40

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	9.06%	9.06%	9.06%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	121.46	122.61	123.76
Year 2 PV (M)	153.51	156.43	159.38
Year 3 PV (M)	183.33	188.60	193.96
Year 4 PV (M)	211.05	219.16	227.51
Year 5 PV (M)	236.76	248.19	260.07
PV of Terminal Value (M)	4,134.91	4,334.62	4,541.99
Equity Value (M)	5,041.01	5,269.61	5,506.66
Shares Outstanding (M)	131.71	131.71	131.71
Fair Value	$38.27	$40.01	$41.81
Upside / Downside	282.74%	300.09%	318.09%

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

Mode

Ticker

Industry

Sector

The Law Debenture Corporation p.l.c. (LWDB.L)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener