DDM Analysis: KARE.AT

Valuation Snapshot

Stable Growth	$873.97 - $2,659.00	$1,391.31
Multi-Stage	$857.95 - $940.22	$898.32
Blended Fair Value	$1,144.82
Current Price	$312.00
Upside	266.93%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	5.48%	3.86%	12.40	11.80	11.00	9.40	9.40	9.49	9.19	9.20	8.51	9.29
YoY Growth	-	-	5.08%	7.29%	16.99%	-0.01%	-0.97%	3.31%	-0.06%	8.05%	-8.39%	9.41%
Dividend Yield	-	-	4.00%	3.47%	3.50%	3.33%	3.03%	3.89%	3.51%	3.22%	3.22%	3.71%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	95.12
(-) Cash Dividends Paid (M)	36.70
(=) Cash Retained (M)	58.42

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	19.02	11.89	7.13
Cash Retained (M)	58.42	58.42	58.42
(-) Cash Required (M)	-19.02	-11.89	-7.13
(=) Excess Retained (M)	39.40	46.53	51.29
(/) Shares Outstanding (M)	2.76	2.76	2.76
(=) Excess Retained per Share	14.27	16.86	18.58
LTM Dividend per Share	13.30	13.30	13.30
(+) Excess Retained per Share	14.27	16.86	18.58
(=) Adjusted Dividend	27.57	30.16	31.88
WACC / Discount Rate	6.75%	6.75%	6.75%
Growth Rate	3.48%	4.48%	5.48%
Fair Value	$873.97	$1,391.31	$2,659.00
Upside / Downside	180.12%	345.93%	752.24%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	95.12	99.39	103.85	108.50	113.37	118.45	122.01
Payout Ratio	38.58%	48.87%	59.15%	69.43%	79.72%	90.00%	92.50%
Projected Dividends (M)	36.70	48.57	61.43	75.34	90.37	106.61	112.86

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.75%	6.75%	6.75%
Growth Rate	3.48%	4.48%	5.48%
Year 1 PV (M)	45.06	45.50	45.93
Year 2 PV (M)	52.88	53.90	54.94
Year 3 PV (M)	60.17	61.93	63.73
Year 4 PV (M)	66.97	69.60	72.30
Year 5 PV (M)	73.30	76.91	80.66
PV of Terminal Value (M)	2,069.58	2,171.53	2,277.45
Equity Value (M)	2,367.96	2,479.36	2,595.01
Shares Outstanding (M)	2.76	2.76	2.76
Fair Value	$857.95	$898.32	$940.22
Upside / Downside	174.99%	187.92%	201.35%

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

Karelia Tobacco Company Inc. (KARE.AT)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener