DDM Analysis: BACHOCOB.MX

Valuation Snapshot

Stable Growth	$235.68 - $1,268.25	$462.92
Multi-Stage	$131.61 - $144.03	$137.71
Blended Fair Value	$300.31
Current Price	$73.00
Upside	311.39%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
DPS	2.90%	5.06%	1.64	1.64	1.42	1.32	1.40	1.42	1.30	1.30	1.50	0.00
YoY Growth	-	-	0.00%	15.43%	7.56%	-5.74%	-1.41%	9.23%	0.00%	-13.26%	69,069.23%	-99.78%
Dividend Yield	-	-	2.25%	1.68%	1.83%	1.94%	2.08%	1.91%	1.38%	1.53%	2.03%	0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	3,818.35
(-) Cash Dividends Paid (M)	491.50
(=) Cash Retained (M)	3,326.85

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	763.67	477.29	286.38
Cash Retained (M)	3,326.85	3,326.85	3,326.85
(-) Cash Required (M)	-763.67	-477.29	-286.38
(=) Excess Retained (M)	2,563.18	2,849.56	3,040.47
(/) Shares Outstanding (M)	598.76	598.76	598.76
(=) Excess Retained per Share	4.28	4.76	5.08
LTM Dividend per Share	0.82	0.82	0.82
(+) Excess Retained per Share	4.28	4.76	5.08
(=) Adjusted Dividend	5.10	5.58	5.90
WACC / Discount Rate	7.78%	7.78%	7.78%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$235.68	$462.92	$1,268.25
Upside / Downside	222.85%	534.13%	1,637.33%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	3,818.35	4,066.54	4,330.87	4,612.37	4,912.18	5,231.47	5,388.41
Payout Ratio	12.87%	28.30%	43.72%	59.15%	74.57%	90.00%	92.50%
Projected Dividends (M)	491.50	1,150.74	1,893.60	2,728.16	3,663.23	4,708.32	4,984.28

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	7.78%	7.78%	7.78%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	1,057.61	1,067.63	1,077.66
Year 2 PV (M)	1,599.51	1,629.97	1,660.73
Year 3 PV (M)	2,117.97	2,178.77	2,240.72
Year 4 PV (M)	2,613.74	2,714.26	2,817.64
Year 5 PV (M)	3,087.55	3,236.68	3,391.52
PV of Terminal Value (M)	68,325.43	71,625.57	75,052.02
Equity Value (M)	78,801.80	82,452.88	86,240.29
Shares Outstanding (M)	598.76	598.76	598.76
Fair Value	$131.61	$137.71	$144.03
Upside / Downside	80.29%	88.64%	97.30%

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

Industrias Bachoco, S.A.B. de C.V. (BACHOCOB.MX)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener