DDM Analysis: ALV

Valuation Snapshot

Stable Growth	$103.86 - $168.23	$132.79
Multi-Stage	$206.53 - $227.25	$216.69
Blended Fair Value	$174.74
Current Price	$123.50
Upside	41.49%
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	0.18%	1.17%	2.80	2.88	2.87	2.11	0.69	2.78	2.74	2.67	2.60	2.51
YoY Growth	-	-	-2.67%	0.45%	35.76%	204.99%	-75.07%	1.26%	2.68%	2.91%	3.63%	0.41%
Dividend Yield	-	-	3.17%	2.39%	3.07%	2.76%	0.75%	6.04%	3.57%	2.54%	3.53%	2.94%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	752.00
(-) Cash Dividends Paid (M)	228.00
(=) Cash Retained (M)	524.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	150.40	94.00	56.40
Cash Retained (M)	524.00	524.00	524.00
(-) Cash Required (M)	-150.40	-94.00	-56.40
(=) Excess Retained (M)	373.60	430.00	467.60
(/) Shares Outstanding (M)	78.08	78.08	78.08
(=) Excess Retained per Share	4.79	5.51	5.99
LTM Dividend per Share	2.92	2.92	2.92
(+) Excess Retained per Share	4.79	5.51	5.99
(=) Adjusted Dividend	7.71	8.43	8.91
WACC / Discount Rate	6.54%	6.54%	6.54%
Growth Rate	-0.82%	0.18%	1.18%
Fair Value	$103.86	$132.79	$168.23
Upside / Downside	-15.90%	7.52%	36.22%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	752.00	753.35	754.70	756.05	757.41	758.77	781.53
Payout Ratio	30.32%	42.26%	54.19%	66.13%	78.06%	90.00%	92.50%
Projected Dividends (M)	228.00	318.33	408.98	499.96	591.26	682.89	722.92

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.54%	6.54%	6.54%
Growth Rate	-0.82%	0.18%	1.18%
Year 1 PV (M)	295.81	298.80	301.78
Year 2 PV (M)	353.17	360.33	367.56
Year 3 PV (M)	401.20	413.45	425.96
Year 4 PV (M)	440.90	458.95	477.56
Year 5 PV (M)	473.21	497.55	522.88
PV of Terminal Value (M)	14,160.37	14,888.78	15,646.88
Equity Value (M)	16,124.66	16,917.87	17,742.61
Shares Outstanding (M)	78.08	78.08	78.08
Fair Value	$206.53	$216.69	$227.25
Upside / Downside	67.23%	75.46%	84.01%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 23 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
HUBB	Hubbell Incorporated	1.14%	$5.26	32.54%
MATX	Matson, Inc.	1.14%	$1.42	10.47%
SNX	TD SYNNEX Corporation	1.14%	$1.74	18.66%
ARMK	Aramark	1.13%	$0.42	33.95%
CVLG	Covenant Logistics Group, Inc.	1.13%	$0.25	21.30%
EQT	EQT Corporation	1.13%	$0.61	21.38%
WHD	Cactus, Inc.	1.13%	$0.53	21.20%
CFBK	CF Bankshares Inc.	1.12%	$0.28	10.89%
LII	Lennox International Inc.	1.12%	$5.59	23.57%
ROL	Rollins, Inc.	1.12%	$0.66	61.92%
FELE	Franklin Electric Co., Inc.	1.11%	$1.07	34.36%
GOLF	Acushnet Holdings Corp.	1.11%	$0.91	24.93%
KOP	Koppers Holdings Inc.	1.11%	$0.30	37.27%
MWA	Mueller Water Products, Inc.	1.11%	$0.27	21.86%
RSG	Republic Services, Inc.	1.11%	$2.33	34.47%
0HOU.L	BorgWarner Inc.	1.10%	$0.50	80.60%
0K3H.L	Motorola Solutions, Inc.	1.10%	$4.20	33.55%
FBK	FB Financial Corporation	1.10%	$0.62	32.29%
AGCO	AGCO Corporation	1.09%	$1.16	23.05%
VRE	Veris Residential, Inc.	1.09%	$0.16	26.28%
ALSN	Allison Transmission Holdings, Inc.	1.08%	$1.07	12.88%
CSV	Carriage Services, Inc.	1.08%	$0.45	14.21%
LFUS	Littelfuse, Inc.	1.08%	$2.83	59.57%
OSBC	Old Second Bancorp, Inc.	1.08%	$0.21	15.92%
TPX	Tempur Sealy International, Inc.	1.08%	$0.62	42.01%
WSC	WillScot Holdings Corporation	1.08%	$0.21	17.16%
BVH	Bluegreen Vacations Holding Corporation	1.07%	$0.80	18.69%
HNNAZ	Hennessy Advisors, Inc. 4.875% Notes due 2026	1.07%	$0.27	21.11%
HTB	HomeTrust Bancshares, Inc.	1.07%	$0.46	12.57%
ZBH	Zimmer Biomet Holdings, Inc.	1.07%	$0.96	23.70%
DOV	Dover Corporation	1.05%	$2.06	12.63%
NDAQ	Nasdaq, Inc.	1.05%	$1.01	36.06%
0H9N.L	Aecom	1.04%	$1.00	23.78%
BODY	The Beachbody Company, Inc.	1.04%	$0.10	1.61%
LYTS	LSI Industries Inc.	1.04%	$0.19	24.09%
UNTY	Unity Bancorp, Inc.	1.04%	$0.53	10.03%
CTVA	Corteva, Inc.	1.03%	$0.70	29.41%
TJX	The TJX Companies, Inc.	1.03%	$1.59	35.03%
ABCB	Ameris Bancorp	1.02%	$0.76	13.03%
CRAI	CRA International, Inc.	1.02%	$2.05	23.94%
CTA-PB	E. I. du Pont de Nemours and Company	1.02%	$0.70	29.41%
FNWD	Finward Bancorp	1.02%	$0.36	33.06%
HSII	Heidrick & Struggles International, Inc.	1.02%	$0.60	34.74%
LNG	Cheniere Energy, Inc.	1.02%	$2.02	11.09%
0HTG.L	Cardinal Health, Inc.	1.01%	$2.07	31.03%
0I4X.L	Crown Holdings, Inc.	1.01%	$1.03	12.58%
CMC	Commercial Metals Company	1.01%	$0.72	96.19%
TR	Tootsie Roll Industries, Inc.	1.01%	$0.36	27.67%
KNX	Knight-Swift Transportation Holdings Inc.	1.00%	$0.52	59.68%
PNFP	Pinnacle Financial Partners, Inc.	1.00%	$0.96	11.84%

Financials

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

Autoliv, Inc. (ALV)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener