DDM Analysis: GLJ.DE

Valuation Snapshot

Stable Growth	$7.75 - $10.73	$9.24
Multi-Stage	$22.50 - $24.85	$23.65
Blended Fair Value	$16.45
Current Price	$16.60
Upside	-0.92%
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	-10.22%	7.35%	0.48	0.47	0.53	0.27	0.63	0.83	0.69	0.58	0.44	0.36
YoY Growth	-	-	3.37%	-11.77%	96.15%	-57.19%	-23.86%	19.55%	20.00%	32.17%	20.50%	52.48%
Dividend Yield	-	-	3.56%	1.99%	2.08%	1.07%	1.95%	1.54%	0.79%	0.67%	0.79%	0.58%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	63.37
(-) Cash Dividends Paid (M)	34.80
(=) Cash Retained (M)	28.57

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	12.67	7.92	4.75
Cash Retained (M)	28.57	28.57	28.57
(-) Cash Required (M)	-12.67	-7.92	-4.75
(=) Excess Retained (M)	15.90	20.65	23.82
(/) Shares Outstanding (M)	44.76	44.76	44.76
(=) Excess Retained per Share	0.36	0.46	0.53
LTM Dividend per Share	0.78	0.78	0.78
(+) Excess Retained per Share	0.36	0.46	0.53
(=) Adjusted Dividend	1.13	1.24	1.31
WACC / Discount Rate	6.60%	6.60%	6.60%
Growth Rate	-7.00%	-6.00%	-5.00%
Fair Value	$7.75	$9.24	$10.73
Upside / Downside	-53.34%	-44.32%	-35.38%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	63.37	59.56	55.99	52.63	49.47	46.50	47.90
Payout Ratio	54.91%	61.93%	68.95%	75.97%	82.98%	90.00%	92.50%
Projected Dividends (M)	34.80	36.89	38.60	39.98	41.05	41.85	44.31

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.60%	6.60%	6.60%
Growth Rate	-7.00%	-6.00%	-5.00%
Year 1 PV (M)	34.24	34.60	34.97
Year 2 PV (M)	33.25	33.97	34.70
Year 3 PV (M)	31.96	33.01	34.07
Year 4 PV (M)	30.46	31.80	33.17
Year 5 PV (M)	28.83	30.41	32.06
PV of Terminal Value (M)	848.20	894.79	943.41
Equity Value (M)	1,006.94	1,058.58	1,112.39
Shares Outstanding (M)	44.76	44.76	44.76
Fair Value	$22.50	$23.65	$24.85
Upside / Downside	35.53%	42.48%	49.72%

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

Grenke AG (GLJ.DE)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener