DDM Analysis: HBH.DE

Valuation Snapshot

Stable Growth	$257.24 - $876.02	$422.07
Multi-Stage	$237.37 - $260.22	$248.58
Blended Fair Value	$335.32
Current Price	$88.90
Upside	277.19%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DPS	10.71%	8.86%	2.50	2.41	2.41	2.01	1.50	1.50	1.83	1.83	1.83	1.07
YoY Growth	-	-	4.00%	-0.04%	20.00%	33.33%	0.00%	-17.58%	0.00%	0.00%	70.52%	0.00%
Dividend Yield	-	-	2.82%	3.11%	3.64%	1.71%	1.66%	2.30%	4.12%	2.78%	2.54%	1.69%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	151.28
(-) Cash Dividends Paid (M)	39.92
(=) Cash Retained (M)	111.36

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	30.26	18.91	11.35
Cash Retained (M)	111.36	111.36	111.36
(-) Cash Required (M)	-30.26	-18.91	-11.35
(=) Excess Retained (M)	81.11	92.45	100.02
(/) Shares Outstanding (M)	15.95	15.95	15.95
(=) Excess Retained per Share	5.09	5.80	6.27
LTM Dividend per Share	2.50	2.50	2.50
(+) Excess Retained per Share	5.09	5.80	6.27
(=) Adjusted Dividend	7.59	8.30	8.77
WACC / Discount Rate	6.73%	6.73%	6.73%
Growth Rate	3.67%	4.67%	5.67%
Fair Value	$257.24	$422.07	$876.02
Upside / Downside	189.35%	374.76%	885.40%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	151.28	158.34	165.74	173.48	181.58	190.06	195.76
Payout Ratio	26.39%	39.11%	51.83%	64.55%	77.28%	90.00%	92.50%
Projected Dividends (M)	39.92	61.93	85.91	111.99	140.32	171.05	181.08

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.73%	6.73%	6.73%
Growth Rate	3.67%	4.67%	5.67%
Year 1 PV (M)	57.47	58.02	58.58
Year 2 PV (M)	73.98	75.42	76.86
Year 3 PV (M)	89.50	92.12	94.78
Year 4 PV (M)	104.07	108.14	112.34
Year 5 PV (M)	117.73	123.52	129.53
PV of Terminal Value (M)	3,342.69	3,507.05	3,677.81
Equity Value (M)	3,785.44	3,964.27	4,149.90
Shares Outstanding (M)	15.95	15.95	15.95
Fair Value	$237.37	$248.58	$260.22
Upside / Downside	167.01%	179.62%	192.71%

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

HORNBACH Holding AG & Co. KGaA (HBH.DE)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener