DDM Analysis: FNTN.DE

Valuation Snapshot

Stable Growth	$20.34 - $31.12	$25.37
Multi-Stage	$46.34 - $50.91	$48.58
Blended Fair Value	$36.98
Current Price	$27.22
Upside	35.85%
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	-0.08%	1.26%	1.77	1.68	1.57	1.72	0.04	1.78	1.78	1.73	1.67	1.62
YoY Growth	-	-	5.36%	7.02%	-8.41%	3,879.18%	-97.58%	0.00%	3.12%	3.23%	3.33%	3.45%
Dividend Yield	-	-	5.03%	6.47%	6.57%	7.07%	0.21%	11.08%	9.04%	6.99%	5.49%	6.16%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	269.10
(-) Cash Dividends Paid (M)	234.10
(=) Cash Retained (M)	35.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	53.82	33.64	20.18
Cash Retained (M)	35.00	35.00	35.00
(-) Cash Required (M)	-53.82	-33.64	-20.18
(=) Excess Retained (M)	-18.82	1.36	14.82
(/) Shares Outstanding (M)	118.61	118.61	118.61
(=) Excess Retained per Share	-0.16	0.01	0.12
LTM Dividend per Share	1.97	1.97	1.97
(+) Excess Retained per Share	-0.16	0.01	0.12
(=) Adjusted Dividend	1.81	1.99	2.10
WACC / Discount Rate	6.66%	6.66%	6.66%
Growth Rate	-2.08%	-1.08%	-0.08%
Fair Value	$20.34	$25.37	$31.12
Upside / Downside	-25.29%	-6.78%	14.31%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	269.10	266.20	263.33	260.49	257.69	254.91	262.56
Payout Ratio	86.99%	87.59%	88.20%	88.80%	89.40%	90.00%	92.50%
Projected Dividends (M)	234.10	233.18	232.25	231.31	230.37	229.42	242.87

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.66%	6.66%	6.66%
Growth Rate	-2.08%	-1.08%	-0.08%
Year 1 PV (M)	216.40	218.61	220.82
Year 2 PV (M)	200.04	204.14	208.29
Year 3 PV (M)	184.90	190.62	196.46
Year 4 PV (M)	170.90	177.99	185.30
Year 5 PV (M)	157.95	166.18	174.76
PV of Terminal Value (M)	4,566.74	4,804.74	5,052.55
Equity Value (M)	5,496.94	5,762.29	6,038.18
Shares Outstanding (M)	118.61	118.61	118.61
Fair Value	$46.34	$48.58	$50.91
Upside / Downside	70.26%	78.48%	87.02%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 25 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
MDC	M.D.C. Holdings, Inc.	0.86%	$0.54	55.94%
AXP	American Express Company	0.85%	$3.17	20.85%
FOXA	Fox Corporation	0.85%	$0.62	13.96%
LMST	Limestone Bancorp, Inc.	0.85%	$0.20	8.06%
RCL	Royal Caribbean Cruises Ltd.	0.85%	$2.41	16.19%
AZZ	AZZ Inc.	0.84%	$0.92	8.89%
HIBB	Hibbett, Inc.	0.84%	$0.74	9.00%
MAR	Marriott International, Inc.	0.84%	$2.62	27.38%
MORN	Morningstar, Inc.	0.84%	$1.77	20.03%
SGH	SMART Global Holdings, Inc.	0.84%	$0.14	30.96%
URI	United Rentals, Inc.	0.84%	$7.13	18.10%
0HYJ.L	Cintas Corporation	0.83%	$1.54	34.15%
EFX	Equifax Inc.	0.83%	$1.78	33.46%
GM	General Motors Company	0.82%	$0.66	21.22%
KVSA	Khosla Ventures Acquisition Co.	0.81%	$0.09	9.61%
WMT	Walmart Inc.	0.81%	$0.91	31.92%
BMI	Badger Meter, Inc.	0.80%	$1.41	30.10%
FRD	Friedman Industries, Incorporated	0.80%	$0.16	9.82%
ITT	ITT Inc.	0.80%	$1.40	22.66%
MLI	Mueller Industries, Inc.	0.80%	$0.94	13.89%
SSSSL	SuRo Capital Corp. 6.00% Notes due 2026	0.80%	$0.20	8.46%
RGLD	Royal Gold, Inc.	0.79%	$1.75	24.00%
VRSK	Verisk Analytics, Inc.	0.79%	$1.74	26.41%
COF	Capital One Financial Corporation	0.78%	$1.94	87.57%
EE	Excelerate Energy, Inc.	0.78%	$0.22	9.21%
0K36.L	Moody's Corporation	0.77%	$3.82	30.70%
HCI	HCI Group, Inc.	0.77%	$1.42	9.00%
PH	Parker-Hannifin Corporation	0.77%	$6.85	24.15%
SEI	Solaris Energy Infrastructure, Inc.	0.77%	$0.39	44.96%
0HQN.L	Cboe Global Markets, Inc.	0.76%	$1.90	20.31%
ASIC	Ategrity Specialty Holdings LLC	0.76%	$0.15	12.77%
GL	Globe Life Inc.	0.75%	$1.03	7.35%
0KYY.L	S&P Global Inc.	0.74%	$3.81	28.09%
PHM	PulteGroup, Inc.	0.74%	$0.89	6.67%
ROP	Roper Technologies, Inc.	0.74%	$3.20	22.09%
ZWS	Zurn Elkay Water Solutions Corporation	0.74%	$0.35	30.63%
JOE	The St. Joe Company	0.73%	$0.43	24.05%
TOL	Toll Brothers, Inc.	0.73%	$0.99	7.16%
TTEK	Tetra Tech, Inc.	0.73%	$0.25	26.25%
0HCB.L	Alcoa Corporation	0.72%	$0.40	9.08%
A	Agilent Technologies, Inc.	0.72%	$0.99	21.64%
FCFS	FirstCash Holdings, Inc	0.72%	$1.13	16.40%
TRAK	ReposiTrak, Inc.	0.72%	$0.09	22.94%
BKNG	Booking Holdings Inc.	0.71%	$37.78	24.39%
PGC	Peapack-Gladstone Financial Corporation	0.71%	$0.20	10.22%
ASO	Academy Sports and Outdoors, Inc.	0.70%	$0.37	6.63%
BRO	Brown & Brown, Inc.	0.70%	$0.54	18.02%
INTU	Intuit Inc.	0.70%	$4.39	29.97%
MSFT	Microsoft Corporation	0.70%	$3.31	23.52%
NCR	NCR Corporation	0.70%	$0.11	1.70%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Analysis Mode

Ticker

Industry

Sector

freenet AG (FNTN.DE)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener