DDM Analysis: CGI.L

Valuation Snapshot

Stable Growth	$205.02 - $344.52	$266.15
Multi-Stage	$225.07 - $246.59	$235.63
Blended Fair Value	$250.89
Current Price	$38.94
Upside	544.30%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	4.56%	2.85%	1.00	0.96	0.92	0.88	0.84	0.80	0.76	0.76	0.76	0.76
YoY Growth	-	-	4.17%	4.33%	4.55%	4.77%	5.00%	5.26%	0.00%	-0.01%	0.00%	0.66%
Dividend Yield	-	-	2.46%	2.76%	2.74%	1.99%	2.41%	3.10%	3.57%	3.20%	3.97%	4.17%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	348.90
(-) Cash Dividends Paid (M)	42.14
(=) Cash Retained (M)	306.76

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	69.78	43.61	26.17
Cash Retained (M)	306.76	306.76	306.76
(-) Cash Required (M)	-69.78	-43.61	-26.17
(=) Excess Retained (M)	236.98	263.15	280.59
(/) Shares Outstanding (M)	20.84	20.84	20.84
(=) Excess Retained per Share	11.37	12.63	13.46
LTM Dividend per Share	2.02	2.02	2.02
(+) Excess Retained per Share	11.37	12.63	13.46
(=) Adjusted Dividend	13.39	14.65	15.49
WACC / Discount Rate	9.26%	9.26%	9.26%
Growth Rate	2.56%	3.56%	4.56%
Fair Value	$205.02	$266.15	$344.52
Upside / Downside	426.51%	583.50%	784.75%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	348.90	361.34	374.22	387.56	401.38	415.68	428.16
Payout Ratio	12.08%	27.66%	43.25%	58.83%	74.42%	90.00%	92.50%
Projected Dividends (M)	42.14	99.96	161.84	228.01	298.69	374.12	396.04

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	9.26%	9.26%	9.26%
Growth Rate	2.56%	3.56%	4.56%
Year 1 PV (M)	90.60	91.48	92.36
Year 2 PV (M)	132.95	135.56	138.19
Year 3 PV (M)	169.77	174.78	179.90
Year 4 PV (M)	201.57	209.55	217.76
Year 5 PV (M)	228.84	240.22	252.04
PV of Terminal Value (M)	3,866.80	4,059.01	4,258.80
Equity Value (M)	4,690.53	4,910.60	5,139.05
Shares Outstanding (M)	20.84	20.84	20.84
Fair Value	$225.07	$235.63	$246.59
Upside / Downside	477.98%	505.10%	533.25%

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

Canadian General Investments, Limited (CGI.L)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener