DDM Analysis: SEPL.L

Valuation Snapshot

Stable Growth	$3.55 - $6.63	$4.81
Multi-Stage	$4.29 - $4.71	$4.50
Blended Fair Value	$4.65
Current Price	$3.21
Upside	45.01%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	9.25%	2.24%	0.16	0.17	0.10	0.12	0.10	0.10	0.10	0.00	0.04	0.12
YoY Growth	-	-	-7.54%	67.92%	-19.78%	25.73%	-0.62%	-0.31%	0.00%	-100.00%	-68.63%	-1.86%
Dividend Yield	-	-	6.93%	9.28%	7.75%	8.72%	9.01%	13.98%	6.29%	0.00%	4.07%	8.19%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	138.73
(-) Cash Dividends Paid (M)	38.40
(=) Cash Retained (M)	100.33

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	27.75	17.34	10.40
Cash Retained (M)	100.33	100.33	100.33
(-) Cash Required (M)	-27.75	-17.34	-10.40
(=) Excess Retained (M)	72.58	82.99	89.92
(/) Shares Outstanding (M)	588.45	588.45	588.45
(=) Excess Retained per Share	0.12	0.14	0.15
LTM Dividend per Share	0.07	0.07	0.07
(+) Excess Retained per Share	0.12	0.14	0.15
(=) Adjusted Dividend	0.19	0.21	0.22
WACC / Discount Rate	7.75%	7.75%	7.75%
Growth Rate	2.32%	3.32%	4.32%
Fair Value	$3.55	$4.81	$6.63
Upside / Downside	10.74%	49.92%	106.68%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	138.73	143.34	148.10	153.03	158.12	163.37	168.27
Payout Ratio	27.68%	40.14%	52.61%	65.07%	77.54%	90.00%	92.50%
Projected Dividends (M)	38.40	57.54	77.92	99.58	122.60	147.03	155.65

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	7.75%	7.75%	7.75%
Growth Rate	2.32%	3.32%	4.32%
Year 1 PV (M)	52.89	53.40	53.92
Year 2 PV (M)	65.81	67.11	68.41
Year 3 PV (M)	77.30	79.59	81.93
Year 4 PV (M)	87.47	90.94	94.51
Year 5 PV (M)	96.42	101.22	106.21
PV of Terminal Value (M)	2,147.19	2,254.18	2,365.40
Equity Value (M)	2,527.08	2,646.44	2,770.38
Shares Outstanding (M)	588.45	588.45	588.45
Fair Value	$4.29	$4.50	$4.71
Upside / Downside	33.79%	40.10%	46.67%

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

Seplat Energy Plc (SEPL.L)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener