DDM Analysis: ALPA3.SA

Valuation Snapshot

Stable Growth	$7.27 - $13.40	$9.79
Multi-Stage	$38.88 - $43.02	$40.91
Blended Fair Value	$25.35
Current Price	$9.42
Upside	169.12%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	-12.94%	-58.41%	0.00	0.00	0.12	0.21	0.04	0.00	0.29	0.21	0.18	0.59
YoY Growth	-	-	-21.74%	-99.97%	-39.91%	391.91%	83,808.33%	-99.98%	38.22%	13.31%	-68.98%	265.33%
Dividend Yield	-	-	0.00%	0.00%	1.55%	0.81%	0.12%	0.00%	1.93%	1.60%	2.02%	10.68%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	373.76
(-) Cash Dividends Paid (M)	61.16
(=) Cash Retained (M)	312.60

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	74.75	46.72	28.03
Cash Retained (M)	312.60	312.60	312.60
(-) Cash Required (M)	-74.75	-46.72	-28.03
(=) Excess Retained (M)	237.85	265.88	284.57
(/) Shares Outstanding (M)	716.90	716.90	716.90
(=) Excess Retained per Share	0.33	0.37	0.40
LTM Dividend per Share	0.09	0.09	0.09
(+) Excess Retained per Share	0.33	0.37	0.40
(=) Adjusted Dividend	0.42	0.46	0.48
WACC / Discount Rate	2.31%	2.31%	2.31%
Growth Rate	-3.24%	-2.24%	-1.24%
Fair Value	$7.27	$9.79	$13.40
Upside / Downside	-22.86%	3.97%	42.28%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	373.76	365.39	357.20	349.20	341.38	333.73	343.74
Payout Ratio	16.36%	31.09%	45.82%	60.55%	75.27%	90.00%	92.50%
Projected Dividends (M)	61.16	113.60	163.66	211.42	256.96	300.36	317.96

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	2.31%	2.31%	2.31%
Growth Rate	-3.24%	-2.24%	-1.24%
Year 1 PV (M)	109.90	111.03	112.17
Year 2 PV (M)	153.16	156.34	159.56
Year 3 PV (M)	191.41	197.40	203.52
Year 4 PV (M)	225.05	234.50	244.24
Year 5 PV (M)	254.48	267.90	281.89
PV of Terminal Value (M)	26,939.07	28,360.20	29,840.68
Equity Value (M)	27,873.07	29,327.38	30,842.06
Shares Outstanding (M)	716.90	716.90	716.90
Fair Value	$38.88	$40.91	$43.02
Upside / Downside	312.74%	334.28%	356.70%

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

Alpargatas S.A. (ALPA3.SA)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener