DDM Analysis: ICC.BK

Valuation Snapshot

Stable Growth	$12.83 - $18.64	$15.65
Multi-Stage	$26.03 - $28.66	$27.32
Blended Fair Value	$21.48
Current Price	$25.25
Upside	-14.91%
Decision	Don't Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	-1.11%	-0.47%	0.75	0.66	0.23	0.16	0.46	0.80	0.72	0.76	0.69	0.69
YoY Growth	-	-	14.41%	185.71%	40.00%	-64.29%	-42.13%	10.01%	-4.37%	9.53%	-0.03%	-12.47%
Dividend Yield	-	-	3.44%	2.43%	1.14%	0.95%	2.42%	4.09%	3.11%	3.23%	3.13%	3.09%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	779.78
(-) Cash Dividends Paid (M)	230.00
(=) Cash Retained (M)	549.78

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	155.96	97.47	58.48
Cash Retained (M)	549.78	549.78	549.78
(-) Cash Required (M)	-155.96	-97.47	-58.48
(=) Excess Retained (M)	393.82	452.30	491.29
(/) Shares Outstanding (M)	441.77	441.77	441.77
(=) Excess Retained per Share	0.89	1.02	1.11
LTM Dividend per Share	0.52	0.52	0.52
(+) Excess Retained per Share	0.89	1.02	1.11
(=) Adjusted Dividend	1.41	1.54	1.63
WACC / Discount Rate	7.56%	7.56%	7.56%
Growth Rate	-3.11%	-2.11%	-1.11%
Fair Value	$12.83	$15.65	$18.64
Upside / Downside	-49.18%	-38.03%	-26.17%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	779.78	763.35	747.28	731.54	716.13	701.05	722.08
Payout Ratio	29.50%	41.60%	53.70%	65.80%	77.90%	90.00%	92.50%
Projected Dividends (M)	230.00	317.53	401.27	481.34	557.86	630.94	667.93

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	7.56%	7.56%	7.56%
Growth Rate	-3.11%	-2.11%	-1.11%
Year 1 PV (M)	292.21	295.22	298.24
Year 2 PV (M)	339.82	346.87	353.99
Year 3 PV (M)	375.12	386.86	398.83
Year 4 PV (M)	400.08	416.86	434.15
Year 5 PV (M)	416.41	438.35	461.20
PV of Terminal Value (M)	9,675.72	10,185.43	10,716.40
Equity Value (M)	11,499.37	12,069.59	12,662.81
Shares Outstanding (M)	441.77	441.77	441.77
Fair Value	$26.03	$27.32	$28.66
Upside / Downside	3.09%	8.20%	13.52%

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

I.C.C. International Public Company Limited (ICC.BK)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener