DDM Analysis: ILU.AX

Valuation Snapshot

Stable Growth	$8.12 - $11.92	$9.95
Multi-Stage	$17.00 - $18.74	$17.85
Blended Fair Value	$13.90
Current Price	$3.80
Upside	265.80%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	-19.58%	-2.16%	0.08	0.22	0.34	0.13	0.08	0.23	0.25	0.06	0.21	0.18
YoY Growth	-	-	-65.36%	-33.92%	164.98%	69.94%	-67.37%	-7.76%	331.47%	-72.75%	15.85%	90.19%
Dividend Yield	-	-	1.54%	3.40%	3.56%	1.27%	1.16%	4.96%	6.57%	1.14%	5.85%	5.98%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	462.10
(-) Cash Dividends Paid (M)	63.10
(=) Cash Retained (M)	399.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	92.42	57.76	34.66
Cash Retained (M)	399.00	399.00	399.00
(-) Cash Required (M)	-92.42	-57.76	-34.66
(=) Excess Retained (M)	306.58	341.24	364.34
(/) Shares Outstanding (M)	432.76	432.76	432.76
(=) Excess Retained per Share	0.71	0.79	0.84
LTM Dividend per Share	0.15	0.15	0.15
(+) Excess Retained per Share	0.71	0.79	0.84
(=) Adjusted Dividend	0.85	0.93	0.99
WACC / Discount Rate	7.18%	7.18%	7.18%
Growth Rate	-3.02%	-2.02%	-1.02%
Fair Value	$8.12	$9.95	$11.92
Upside / Downside	113.70%	161.80%	213.67%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	462.10	452.78	443.64	434.69	425.92	417.33	429.85
Payout Ratio	13.66%	28.92%	44.19%	59.46%	74.73%	90.00%	92.50%
Projected Dividends (M)	63.10	130.96	196.06	258.48	318.30	375.60	397.61

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	7.18%	7.18%	7.18%
Growth Rate	-3.02%	-2.02%	-1.02%
Year 1 PV (M)	120.94	122.18	123.43
Year 2 PV (M)	167.19	170.66	174.16
Year 3 PV (M)	203.54	209.91	216.40
Year 4 PV (M)	231.46	241.16	251.15
Year 5 PV (M)	252.22	265.50	279.32
PV of Terminal Value (M)	6,380.48	6,716.29	7,066.08
Equity Value (M)	7,355.83	7,725.68	8,110.54
Shares Outstanding (M)	432.76	432.76	432.76
Fair Value	$17.00	$17.85	$18.74
Upside / Downside	347.30%	369.79%	393.20%

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

Mode

Ticker

Industry

Sector

Iluka Resources Limited (ILU.AX)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener