DDM Analysis: 0ZPV.L

Valuation Snapshot

Stable Growth	$231.86 - $273.28	$256.06
Multi-Stage	$158.82 - $174.65	$166.58
Blended Fair Value	$211.32
Current Price	$30.64
Upside	589.68%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
DPS	0.00%	5.24%	0.30	0.25	0.25	0.13	0.35	0.30	0.25	0.22	0.20	0.20
YoY Growth	-	-	19.99%	0.00%	92.31%	-62.86%	16.67%	19.99%	13.64%	10.00%	0.00%	11.10%
Dividend Yield	-	-	0.98%	0.79%	0.90%	0.51%	2.33%	0.89%	0.87%	0.95%	1.44%	1.66%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	80.33
(-) Cash Dividends Paid (M)	20.03
(=) Cash Retained (M)	60.30

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	16.07	10.04	6.02
Cash Retained (M)	60.30	60.30	60.30
(-) Cash Required (M)	-16.07	-10.04	-6.02
(=) Excess Retained (M)	44.23	50.26	54.27
(/) Shares Outstanding (M)	57.23	57.23	57.23
(=) Excess Retained per Share	0.77	0.88	0.95
LTM Dividend per Share	0.35	0.35	0.35
(+) Excess Retained per Share	0.77	0.88	0.95
(=) Adjusted Dividend	1.12	1.23	1.30
WACC / Discount Rate	0.38%	0.38%	0.38%
Growth Rate	3.24%	4.24%	5.24%
Fair Value	$231.86	$256.06	$273.28
Upside / Downside	656.73%	735.69%	791.92%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	80.33	83.74	87.29	90.99	94.85	98.87	101.84
Payout Ratio	24.94%	37.95%	50.96%	63.98%	76.99%	90.00%	92.50%
Projected Dividends (M)	20.03	31.78	44.48	58.21	73.02	88.98	94.20

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	0.38%	0.38%	0.38%
Growth Rate	3.24%	4.24%	5.24%
Year 1 PV (M)	31.35	31.66	31.96
Year 2 PV (M)	43.30	44.14	45.00
Year 3 PV (M)	55.90	57.54	59.22
Year 4 PV (M)	69.19	71.91	74.71
Year 5 PV (M)	83.18	87.29	91.56
PV of Terminal Value (M)	8,805.99	9,240.81	9,692.64
Equity Value (M)	9,088.92	9,533.36	9,995.08
Shares Outstanding (M)	57.23	57.23	57.23
Fair Value	$158.82	$166.58	$174.65
Upside / Downside	418.33%	443.68%	470.01%

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

Jenoptik AG (0ZPV.L)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener