DDM Analysis: REDD.L

Valuation Snapshot

Stable Growth	$45.48 - $212.53	$101.30
Multi-Stage	$24.21 - $26.47	$25.32
Blended Fair Value	$63.31
Current Price	$3.36
Upside	1,784.32%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
DPS	17.45%	24.75%	0.21	0.18	0.10	0.10	0.10	0.10	0.09	0.08	0.06	0.05
YoY Growth	-	-	18.96%	76.10%	2.45%	3.85%	0.28%	6.81%	8.76%	37.70%	19.40%	113.92%
Dividend Yield	-	-	5.76%	4.55%	2.82%	5.56%	2.62%	2.59%	1.69%	2.05%	0.93%	0.97%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	259.86
(-) Cash Dividends Paid (M)	104.17
(=) Cash Retained (M)	155.69

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	51.97	32.48	19.49
Cash Retained (M)	155.69	155.69	155.69
(-) Cash Required (M)	-51.97	-32.48	-19.49
(=) Excess Retained (M)	103.72	123.21	136.20
(/) Shares Outstanding (M)	243.16	243.16	243.16
(=) Excess Retained per Share	0.43	0.51	0.56
LTM Dividend per Share	0.43	0.43	0.43
(+) Excess Retained per Share	0.43	0.51	0.56
(=) Adjusted Dividend	0.85	0.94	0.99
WACC / Discount Rate	7.48%	7.48%	7.48%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$45.48	$101.30	$212.53
Upside / Downside	1,253.66%	2,914.99%	6,225.27%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	259.86	276.75	294.74	313.89	334.30	356.03	366.71
Payout Ratio	40.09%	50.07%	60.05%	70.03%	80.02%	90.00%	92.50%
Projected Dividends (M)	104.17	138.56	176.99	219.83	267.49	320.42	339.20

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	7.48%	7.48%	7.48%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	127.71	128.92	130.13
Year 2 PV (M)	150.34	153.21	156.10
Year 3 PV (M)	172.10	177.04	182.07
Year 4 PV (M)	193.00	200.43	208.06
Year 5 PV (M)	213.08	223.37	234.05
PV of Terminal Value (M)	5,031.55	5,274.58	5,526.90
Equity Value (M)	5,887.78	6,157.53	6,437.32
Shares Outstanding (M)	243.16	243.16	243.16
Fair Value	$24.21	$25.32	$26.47
Upside / Downside	620.64%	653.66%	687.90%

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

Mode

Ticker

Industry

Sector

Redde Northgate plc (REDD.L)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener