DDM Analysis: CLIG.L

Valuation Snapshot

Stable Growth	$12.55 - $28.43	$18.23
Multi-Stage	$9.74 - $10.60	$10.17
Blended Fair Value	$14.20
Current Price	$3.46
Upside	310.37%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DPS	24.50%	13.38%	0.42	0.32	0.39	0.30	0.20	0.14	0.14	0.13	0.12	0.12
YoY Growth	-	-	32.95%	-18.81%	30.36%	52.56%	39.32%	2.63%	2.83%	9.56%	1.11%	0.37%
Dividend Yield	-	-	12.13%	8.53%	9.63%	6.95%	3.65%	3.66%	3.33%	3.24%	2.99%	4.04%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	30.89
(-) Cash Dividends Paid (M)	26.72
(=) Cash Retained (M)	4.17

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	6.18	3.86	2.32
Cash Retained (M)	4.17	4.17	4.17
(-) Cash Required (M)	-6.18	-3.86	-2.32
(=) Excess Retained (M)	-2.01	0.31	1.85
(/) Shares Outstanding (M)	49.83	49.83	49.83
(=) Excess Retained per Share	-0.04	0.01	0.04
LTM Dividend per Share	0.54	0.54	0.54
(+) Excess Retained per Share	-0.04	0.01	0.04
(=) Adjusted Dividend	0.50	0.54	0.57
WACC / Discount Rate	9.67%	9.67%	9.67%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$12.55	$18.23	$28.43
Upside / Downside	262.76%	426.93%	721.54%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	30.89	32.90	35.04	37.32	39.74	42.32	43.59
Payout Ratio	86.50%	87.20%	87.90%	88.60%	89.30%	90.00%	92.50%
Projected Dividends (M)	26.72	28.69	30.80	33.06	35.49	38.09	40.32

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	9.67%	9.67%	9.67%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	25.91	26.16	26.41
Year 2 PV (M)	25.13	25.61	26.09
Year 3 PV (M)	24.37	25.07	25.78
Year 4 PV (M)	23.62	24.53	25.47
Year 5 PV (M)	22.90	24.01	25.16
PV of Terminal Value (M)	363.60	381.16	399.40
Equity Value (M)	485.54	506.54	528.30
Shares Outstanding (M)	49.83	49.83	49.83
Fair Value	$9.74	$10.17	$10.60
Upside / Downside	181.62%	193.80%	206.42%

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

City of London Investment Group PLC (CLIG.L)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener