DDM Analysis: EYAPS.AT

Valuation Snapshot

Stable Growth	$0.78 - $1.00	$0.90
Multi-Stage	$3.64 - $4.09	$3.86
Blended Fair Value	$2.38
Current Price	$3.29
Upside	-27.73%
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	-26.06%	-21.06%	0.03	0.00	0.21	0.22	0.26	0.12	0.21	0.22	0.24	0.23
YoY Growth	-	-	16,366.67%	-99.92%	-2.01%	-16.75%	115.32%	-42.29%	-3.14%	-9.83%	4.11%	-18.94%
Dividend Yield	-	-	0.84%	0.00%	6.50%	4.71%	5.99%	2.55%	4.77%	4.80%	6.97%	7.76%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	10.33
(-) Cash Dividends Paid (M)	1.00
(=) Cash Retained (M)	9.33

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	2.07	1.29	0.77
Cash Retained (M)	9.33	9.33	9.33
(-) Cash Required (M)	-2.07	-1.29	-0.77
(=) Excess Retained (M)	7.26	8.04	8.55
(/) Shares Outstanding (M)	36.59	36.59	36.59
(=) Excess Retained per Share	0.20	0.22	0.23
LTM Dividend per Share	0.03	0.03	0.03
(+) Excess Retained per Share	0.20	0.22	0.23
(=) Adjusted Dividend	0.23	0.25	0.26
WACC / Discount Rate	5.28%	5.28%	5.28%
Growth Rate	-18.46%	-17.46%	-16.46%
Fair Value	$0.78	$0.90	$1.00
Upside / Downside	-76.43%	-72.75%	-69.51%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	10.33	8.52	7.03	5.81	4.79	3.96	4.07
Payout Ratio	9.65%	25.72%	41.79%	57.86%	73.93%	90.00%	92.50%
Projected Dividends (M)	1.00	2.19	2.94	3.36	3.54	3.56	3.77

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	5.28%	5.28%	5.28%
Growth Rate	-18.46%	-17.46%	-16.46%
Year 1 PV (M)	2.06	2.08	2.11
Year 2 PV (M)	2.59	2.65	2.72
Year 3 PV (M)	2.78	2.88	2.98
Year 4 PV (M)	2.75	2.88	3.03
Year 5 PV (M)	2.59	2.75	2.92
PV of Terminal Value (M)	120.37	127.94	135.88
Equity Value (M)	133.13	141.19	149.64
Shares Outstanding (M)	36.59	36.59	36.59
Fair Value	$3.64	$3.86	$4.09
Upside / Downside	10.60%	17.29%	24.31%

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

Thessaloniki Water Supply & Sewerage Co S.A. (EYAPS.AT)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener