DDM Analysis: NEOE3.SA

Valuation Snapshot

Stable Growth	$391.20 - $722.36	$676.96
Multi-Stage	$112.63 - $123.37	$117.90
Blended Fair Value	$397.43
Current Price	$28.70
Upside	1,284.76%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	6.08%	11.57%	0.77	1.10	0.77	0.49	0.37	0.57	0.44	0.02	0.05	0.20
YoY Growth	-	-	-29.81%	42.32%	57.38%	32.44%	-35.49%	30.54%	2,433.80%	-63.70%	-75.94%	-22.97%
Dividend Yield	-	-	3.69%	5.38%	5.15%	2.85%	2.23%	3.34%	2.60%	0.10%	0.28%	1.17%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	4,408.00
(-) Cash Dividends Paid (M)	937.00
(=) Cash Retained (M)	3,471.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	881.60	551.00	330.60
Cash Retained (M)	3,471.00	3,471.00	3,471.00
(-) Cash Required (M)	-881.60	-551.00	-330.60
(=) Excess Retained (M)	2,589.40	2,920.00	3,140.40
(/) Shares Outstanding (M)	1,213.58	1,213.58	1,213.58
(=) Excess Retained per Share	2.13	2.41	2.59
LTM Dividend per Share	0.77	0.77	0.77
(+) Excess Retained per Share	2.13	2.41	2.59
(=) Adjusted Dividend	2.91	3.18	3.36
WACC / Discount Rate	6.28%	6.28%	6.28%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$391.20	$676.96	$722.36
Upside / Downside	1,263.05%	2,258.74%	2,416.94%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	4,408.00	4,694.52	4,999.66	5,324.64	5,670.74	6,039.34	6,220.52
Payout Ratio	21.26%	35.01%	48.75%	62.50%	76.25%	90.00%	92.50%
Projected Dividends (M)	937.00	1,643.34	2,437.54	3,328.05	4,324.02	5,435.41	5,753.98

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.28%	6.28%	6.28%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	1,531.66	1,546.18	1,560.70
Year 2 PV (M)	2,117.51	2,157.84	2,198.55
Year 3 PV (M)	2,694.63	2,771.98	2,850.80
Year 4 PV (M)	3,263.12	3,388.61	3,517.69
Year 5 PV (M)	3,823.09	4,007.74	4,199.47
PV of Terminal Value (M)	123,251.86	129,204.97	135,385.92
Equity Value (M)	136,681.86	143,077.32	149,713.12
Shares Outstanding (M)	1,213.58	1,213.58	1,213.58
Fair Value	$112.63	$117.90	$123.37
Upside / Downside	292.43%	310.79%	329.84%

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

Periods / Units / Analysis

Fundamentals

Valuations

Mode

Miscellaneous

Ticker

Industry

Sector

Neoenergia S.A. (NEOE3.SA)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener