Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Thurgauer Kantonalbank (TKBP.SW)

Company Dividend Discount ModelIndustry: Banks - RegionalSector: Financial Services

Valuation Snapshot

Stable Growth$369.12 - $809.02$530.20
Multi-Stage$803.38 - $884.76$843.28
Blended Fair Value$686.74
Current Price$153.00
Upside348.85%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS3.32%4.70%4.834.564.544.384.114.104.034.024.003.99
YoY Growth--5.91%0.51%3.49%6.63%0.23%1.71%0.31%0.38%0.35%30.88%
Dividend Yield--3.80%3.81%3.81%4.11%3.93%3.76%3.93%3.95%4.52%5.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)317.36
(-) Cash Dividends Paid (M)36.47
(=) Cash Retained (M)280.89
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)63.4739.6723.80
Cash Retained (M)280.89280.89280.89
(-) Cash Required (M)-63.47-39.67-23.80
(=) Excess Retained (M)217.42241.22257.09
(/) Shares Outstanding (M)16.0016.0016.00
(=) Excess Retained per Share13.5915.0816.07
LTM Dividend per Share2.282.282.28
(+) Excess Retained per Share13.5915.0816.07
(=) Adjusted Dividend15.8717.3618.35
WACC / Discount Rate5.03%5.03%5.03%
Growth Rate0.70%1.70%2.70%
Fair Value$369.12$530.20$809.02
Upside / Downside141.25%246.54%428.77%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)317.36322.77328.27333.86339.54345.33355.69
Payout Ratio11.49%27.19%42.89%58.60%74.30%90.00%92.50%
Projected Dividends (M)36.4787.77140.81195.63252.28310.80329.01

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate5.03%5.03%5.03%
Growth Rate0.70%1.70%2.70%
Year 1 PV (M)82.7483.5684.39
Year 2 PV (M)125.14127.64130.16
Year 3 PV (M)163.90168.83173.86
Year 4 PV (M)199.26207.29215.56
Year 5 PV (M)231.42243.14255.33
PV of Terminal Value (M)12,051.6812,662.0513,296.91
Equity Value (M)12,854.1313,492.5114,156.21
Shares Outstanding (M)16.0016.0016.00
Fair Value$803.38$843.28$884.76
Upside / Downside425.09%451.16%478.28%

High-Yield Dividend Screener

« Prev Page 26 of 30 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
ODFLOld Dominion Freight Line, Inc.0.69%$1.1022.00%
RRBIRed River Bancshares, Inc.0.69%$0.487.90%
SSDSimpson Manufacturing Co., Inc.0.69%$1.1413.76%
WCCWESCO International, Inc.0.69%$1.7513.38%
ALGAlamo Group Inc.0.68%$1.1511.96%
CBKCommercial Bancgroup, Inc. Common Stock0.68%$0.166.13%
IRMDIRadimed Corporation0.68%$0.6539.59%
UNFUniFirst Corporation0.68%$1.3216.37%
WTSWatts Water Technologies, Inc.0.68%$1.9019.65%
0HF3.LCencora0.67%$2.2528.12%
AITApplied Industrial Technologies, Inc.0.67%$1.7516.64%
CLMBClimb Global Solutions, Inc.0.67%$0.6814.50%
ASTHAstrana Health, Inc.0.66%$0.1786.52%
AVGOBroadcom Inc.0.66%$2.2848.18%
ENSEnerSys0.66%$0.9911.20%
HLIOHelios Technologies, Inc.0.66%$0.3635.50%
ICFIICF International, Inc.0.66%$0.5610.52%
VMCVulcan Materials Company0.66%$1.9322.82%
AAMEAtlantic American Corporation0.65%$0.027.99%
AMATApplied Materials, Inc.0.65%$1.7319.78%
CRMSalesforce, Inc.0.65%$1.6421.86%
GHCGraham Holdings Company0.65%$7.064.22%
LFACLF Capital Acquisition Corp. II0.65%$0.0724.33%
BSYBentley Systems, Incorporated0.64%$0.2530.41%
EHCEncompass Health Corporation0.64%$0.6812.77%
LADLithia Motors, Inc.0.64%$2.136.25%
PRBMParabellum Acquisition Corp.0.64%$0.065.11%
VRSNVeriSign, Inc.0.64%$1.5417.77%
AWIArmstrong World Industries, Inc.0.63%$1.2417.71%
ESQEsquire Financial Holdings, Inc.0.63%$0.6411.29%
SGISomnigroup International Inc0.63%$0.5637.60%
ULSUL Solutions Inc.0.63%$0.5130.38%
VMIValmont Industries, Inc.0.63%$2.5821.97%
ARCBArcBest Corporation0.62%$0.4811.39%
VVisa Inc.0.62%$2.1323.10%
LSXMAThe Liberty SiriusXM Group0.61%$0.141.73%
0J1R.LHCA Healthcare, Inc.0.60%$2.8110.70%
MPWRMonolithic Power Systems, Inc.0.60%$5.6614.34%
RXNZurn Water Solutions Corporation0.60%$0.3924.10%
0I47.LCostco Wholesale Corporation0.59%$5.0527.04%
DJCODaily Journal Corporation0.59%$2.954.20%
DRSLeonardo DRS, Inc.0.59%$0.2020.75%
FCNCAFirst Citizens BancShares, Inc.0.59%$12.697.01%
AMEAMETEK, Inc.0.58%$1.2019.00%
KLACKLA Corporation0.57%$7.2622.67%
SXIStandex International Corporation0.57%$1.2729.15%
RDVTRed Violet, Inc.0.56%$0.2937.32%
0IRE.LFortive Corporation0.55%$0.3016.72%
AIMCAltra Industrial Motion Corp.0.55%$0.3417.56%
BWXTBWX Technologies, Inc.0.55%$1.0029.87%