DDM Analysis: B2H.OL

Valuation Snapshot

Stable Growth	$57.28 - $183.53	$171.99
Multi-Stage	$25.75 - $28.20	$26.95
Blended Fair Value	$99.47
Current Price	$6.90
Upside	1,341.63%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
DPS	24.86%	0.00%	0.43	0.16	0.00	0.47	0.31	0.14	0.00	0.00	0.00	0.00
YoY Growth	-	-	175.41%	0.00%	-100.00%	51.25%	120.27%	0.00%	0.00%	0.00%	0.00%	0.00%
Dividend Yield	-	-	5.92%	1.68%	0.00%	13.13%	2.59%	0.73%	0.00%	0.00%	0.00%	0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	360.00
(-) Cash Dividends Paid (M)	77.00
(=) Cash Retained (M)	283.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	72.00	45.00	27.00
Cash Retained (M)	283.00	283.00	283.00
(-) Cash Required (M)	-72.00	-45.00	-27.00
(=) Excess Retained (M)	211.00	238.00	256.00
(/) Shares Outstanding (M)	389.14	389.14	389.14
(=) Excess Retained per Share	0.54	0.61	0.66
LTM Dividend per Share	0.20	0.20	0.20
(+) Excess Retained per Share	0.54	0.61	0.66
(=) Adjusted Dividend	0.74	0.81	0.86
WACC / Discount Rate	6.60%	6.60%	6.60%
Growth Rate	5.24%	6.24%	7.24%
Fair Value	$57.28	$171.99	$183.53
Upside / Downside	730.16%	2,392.63%	2,559.87%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	360.00	382.45	406.31	431.65	458.58	487.18	501.79
Payout Ratio	21.39%	35.11%	48.83%	62.56%	76.28%	90.00%	92.50%
Projected Dividends (M)	77.00	134.28	198.41	270.02	349.79	438.46	464.16

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.60%	6.60%	6.60%
Growth Rate	5.24%	6.24%	7.24%
Year 1 PV (M)	124.79	125.97	127.16
Year 2 PV (M)	171.34	174.62	177.92
Year 3 PV (M)	216.69	222.93	229.28
Year 4 PV (M)	260.86	270.91	281.26
Year 5 PV (M)	303.86	318.57	333.85
PV of Terminal Value (M)	8,942.52	9,375.54	9,825.18
Equity Value (M)	10,020.05	10,488.54	10,974.65
Shares Outstanding (M)	389.14	389.14	389.14
Fair Value	$25.75	$26.95	$28.20
Upside / Downside	273.17%	290.62%	308.72%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 24 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
EXPD	Expeditors International of Washington, Inc.	0.99%	$1.50	24.32%
LISOX	Lazard International Strategic Equity Ptf Open Shares	0.99%	$0.13	36.87%
MXC	Mexco Energy Corporation	0.99%	$0.10	12.25%
NIC	Nicolet Bankshares, Inc.	0.99%	$1.19	12.58%
PAYC	Paycom Software, Inc.	0.99%	$1.51	18.80%
RRC	Range Resources Corporation	0.99%	$0.35	14.60%
WLFC	Willis Lease Finance Corporation	0.99%	$1.32	7.58%
WOR	Worthington Industries, Inc.	0.99%	$0.52	23.95%
CNXN	PC Connection, Inc.	0.98%	$0.56	16.89%
CAT	Caterpillar Inc.	0.97%	$5.78	29.40%
CNK	Cinemark Holdings, Inc.	0.97%	$0.23	18.28%
ECL	Ecolab Inc.	0.97%	$2.54	36.57%
EVR	Evercore Inc.	0.97%	$3.41	27.02%
LSBK	Lake Shore Bancorp, Inc.	0.96%	$0.14	24.34%
0ITL.L	Arthur J. Gallagher & Co.	0.95%	$2.42	39.43%
0IZI.L	W.W. Grainger, Inc.	0.95%	$9.52	26.47%
0L5V.L	The Sherwin-Williams Company	0.95%	$3.11	30.09%
0R2S.L	Stryker Corporation	0.95%	$3.28	43.09%
RRX	Regal Rexnord Corporation	0.95%	$1.39	36.07%
WT	WisdomTree, Inc.	0.95%	$0.12	18.12%
J	Jacobs Solutions Inc.	0.94%	$1.27	53.80%
ORCL	Oracle Corporation	0.94%	$1.84	34.81%
TCBS	Texas Community Bancshares, Inc.	0.94%	$0.17	19.22%
IMKTA	Ingles Markets, Incorporated	0.93%	$0.65	14.68%
ODC	Oil-Dri Corporation of America	0.93%	$0.45	12.28%
PENG	Penguin Solutions, Inc.	0.93%	$0.19	40.17%
SSBK	Southern States Bancshares, Inc.	0.93%	$0.34	9.19%
DAL	Delta Air Lines, Inc.	0.92%	$0.63	8.94%
HIFS	Hingham Institution for Savings	0.92%	$2.49	12.15%
RL	Ralph Lauren Corporation	0.92%	$3.34	24.37%
OPY	Oppenheimer Holdings Inc.	0.91%	$0.66	8.90%
BGC	BGC Group, Inc	0.90%	$0.08	23.56%
CDRE	Cadre Holdings, Inc.	0.90%	$0.37	33.35%
MBNKP	Medallion Bank	0.90%	$0.23	12.50%
JBHT	J.B. Hunt Transport Services, Inc.	0.89%	$1.75	30.14%
NYT	The New York Times Company	0.89%	$0.62	30.32%
RMD	ResMed Inc.	0.89%	$2.18	22.31%
VBFC	Village Bank and Trust Financial Corp.	0.89%	$0.72	15.35%
0I14.L	Cognex Corporation	0.88%	$0.32	49.16%
AR	Antero Resources Corporation	0.88%	$0.30	17.15%
LDOS	Leidos Holdings, Inc.	0.88%	$1.61	14.88%
LMAT	LeMaitre Vascular, Inc.	0.88%	$0.70	32.20%
NNI	Nelnet, Inc.	0.88%	$1.14	9.52%
PFSI	PennyMac Financial Services, Inc.	0.88%	$1.16	12.49%
SMBK	SmartFinancial, Inc.	0.88%	$0.32	11.76%
BYD	Boyd Gaming Corporation	0.87%	$0.75	3.22%
ROST	Ross Stores, Inc.	0.87%	$1.59	24.85%
BBSI	Barrett Business Services, Inc.	0.86%	$0.31	15.02%
BCO	The Brink's Company	0.86%	$1.00	24.81%
HXL	Hexcel Corporation	0.86%	$0.66	77.18%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Analysis Mode

Ticker

Industry

Sector

B2Holding ASA (B2H.OL)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener