DDM Analysis: 0OFP.IL

Valuation Snapshot

Stable Growth	$176.50 - $286.96	$226.01
Multi-Stage	$357.72 - $393.78	$375.40
Blended Fair Value	$300.71
Current Price	$216.20
Upside	39.09%
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	12.57%	-4.92%	7.99	5.99	6.32	5.50	2.75	4.42	8.83	8.84	3.31	13.23
YoY Growth	-	-	33.28%	-5.18%	14.87%	100.00%	-37.73%	-50.00%	-0.12%	166.98%	-74.96%	0.00%
Dividend Yield	-	-	4.20%	4.12%	6.88%	4.11%	1.87%	3.39%	6.10%	5.57%	1.50%	6.86%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	1,586.00
(-) Cash Dividends Paid (M)	390.00
(=) Cash Retained (M)	1,196.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	317.20	198.25	118.95
Cash Retained (M)	1,196.00	1,196.00	1,196.00
(-) Cash Required (M)	-317.20	-198.25	-118.95
(=) Excess Retained (M)	878.80	997.75	1,077.05
(/) Shares Outstanding (M)	97.80	97.80	97.80
(=) Excess Retained per Share	8.99	10.20	11.01
LTM Dividend per Share	3.99	3.99	3.99
(+) Excess Retained per Share	8.99	10.20	11.01
(=) Adjusted Dividend	12.97	14.19	15.00
WACC / Discount Rate	6.42%	6.42%	6.42%
Growth Rate	-0.87%	0.13%	1.13%
Fair Value	$176.50	$226.01	$286.96
Upside / Downside	-18.36%	4.54%	32.73%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	1,586.00	1,588.11	1,590.23	1,592.34	1,594.46	1,596.59	1,644.48
Payout Ratio	24.59%	37.67%	50.75%	63.84%	76.92%	90.00%	92.50%
Projected Dividends (M)	390.00	598.28	807.10	1,016.49	1,226.43	1,436.93	1,521.15

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.42%	6.42%	6.42%
Growth Rate	-0.87%	0.13%	1.13%
Year 1 PV (M)	556.57	562.18	567.80
Year 2 PV (M)	698.50	712.66	726.97
Year 3 PV (M)	818.38	843.40	868.92
Year 4 PV (M)	918.57	956.20	994.98
Year 5 PV (M)	1,001.21	1,052.74	1,106.36
PV of Terminal Value (M)	30,991.36	32,586.33	34,246.31
Equity Value (M)	34,984.59	36,713.52	38,511.34
Shares Outstanding (M)	97.80	97.80	97.80
Fair Value	$357.72	$375.40	$393.78
Upside / Downside	65.46%	73.64%	82.14%

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

NCC AB (publ) (0OFP.IL)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener