Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Spear Reit Limited (SEA.JO)

Company Dividend Discount ModelIndustry: REIT - DiversifiedSector: Real Estate

Valuation Snapshot

Stable Growth$53.92 - $102.88$73.61
Multi-Stage$53.75 - $58.75$56.21
Blended Fair Value$64.91
Current Price$9.68
Upside570.55%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR202520242023202220212020201920182017
DPS5.63%0.00%0.880.660.640.490.580.670.560.320.000.00
YoY Growth--34.31%2.61%31.97%-16.70%-13.22%20.88%75.05%0.00%0.00%0.00%
Dividend Yield--9.14%7.90%8.76%5.71%11.47%7.56%5.30%3.31%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)887.86
(-) Cash Dividends Paid (M)402.82
(=) Cash Retained (M)485.04
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)177.57110.9866.59
Cash Retained (M)485.04485.04485.04
(-) Cash Required (M)-177.57-110.98-66.59
(=) Excess Retained (M)307.47374.06418.45
(/) Shares Outstanding (M)260.96260.96260.96
(=) Excess Retained per Share1.181.431.60
LTM Dividend per Share1.541.541.54
(+) Excess Retained per Share1.181.431.60
(=) Adjusted Dividend2.722.983.15
WACC / Discount Rate8.86%8.86%8.86%
Growth Rate3.63%4.63%5.63%
Fair Value$53.92$73.61$102.88
Upside / Downside456.99%660.46%962.77%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)887.86928.92971.891,016.841,063.871,113.071,146.46
Payout Ratio45.37%54.30%63.22%72.15%81.07%90.00%92.50%
Projected Dividends (M)402.82504.36614.44733.62862.521,001.761,060.48

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.86%8.86%8.86%
Growth Rate3.63%4.63%5.63%
Year 1 PV (M)458.90463.33467.76
Year 2 PV (M)508.67518.53528.49
Year 3 PV (M)552.59568.74585.21
Year 4 PV (M)591.11614.26638.09
Year 5 PV (M)624.66655.39687.31
PV of Terminal Value (M)11,291.8911,847.3512,424.46
Equity Value (M)14,027.8214,667.6115,331.32
Shares Outstanding (M)260.96260.96260.96
Fair Value$53.75$56.21$58.75
Upside / Downside455.31%480.64%506.91%

High-Yield Dividend Screener

« Prev Page 27 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
138930.KSBNK Financial Group Inc.5.33%$837.7733.77%
RPI-UN.TORichards Packaging Income Fund5.33%$1.6282.84%
8956.TNTT UD REIT Investment Corporation5.32%$7,471.7960.60%
ACGLArch Capital Group Ltd.5.32%$4.9945.85%
BTTBlackrock Municipal 2030 Target Term Trust5.32%$1.2174.76%
PREV-B.STPrevas AB5.31%$5.0990.29%
000690.SZGuangdong Baolihua New Energy Stock Co., Ltd.5.30%$0.2251.75%
005830.KSDB Insurance Co., Ltd.5.29%$6,766.2625.66%
1157.HKZoomlion Heavy Industry Science and Technology Co., Ltd.5.29%$0.4189.60%
6884.TWOHighpoint Service Network Corporation5.29%$2.0256.70%
7237.KLPower Root Berhad5.29%$0.0798.68%
MCKPA.NZMillennium & Copthorne Hotels New Zealand Limited5.29%$0.0957.34%
MFCManulife Financial Corporation5.29%$1.9255.22%
CLSC3.SACentrais Elétricas de Santa Catarina S.A.5.28%$6.1235.64%
000899.SZJiangxi Ganneng Co., Ltd.5.27%$0.5253.85%
0QQN.LBucher Industries AG5.27%$19.4043.82%
601107.SSSichuan Expressway Company Limited5.27%$0.3299.95%
CRAP.PACaisse Régionale de Crédit Agricole Mutuel Alpes Provence Société coopérative5.27%$6.9619.09%
0IW5.LThales S.A.5.26%$7.0970.33%
AIRARABIA.AEAir Arabia PJSC5.26%$0.2575.35%
PHOR.MEPublic Joint-Stock Company PhosAgro5.26%$335.1737.65%
RBREW.CORoyal Unibrew A/S5.26%$29.5094.31%
TCELL.ISTurkcell Iletisim Hizmetleri A.S.5.26%$5.0570.22%
TLC.AXThe Lottery Corporation Limited5.26%$0.2778.26%
TTA-R.BKThoresen Thai Agencies Public Company Limited5.26%$0.2217.40%
4712.TKeyHolder, Inc.5.25%$37.1432.06%
8926.TWTaiwan Cogeneration Corporation5.25%$2.1587.97%
RJH.BKRajthanee Hospital Public Company Limited5.25%$0.6575.57%
016090.KSDaehyun Co.,Ltd.5.24%$87.5664.98%
ALGEV.PAGévelot S.A.5.24%$9.2742.01%
1209.HKChina Resources Mixc Lifestyle Services Limited5.23%$2.2571.56%
HTECH.BKHalcyon Technology Public Company Limited5.23%$0.1538.21%
002911.SZForan Energy Group Co.,Ltd.5.22%$0.6390.85%
000913.SZZhejiang Qianjiang Motorcycle Co., Ltd.5.21%$0.8077.77%
4915.TWPrimax Electronics Ltd.5.21%$3.9968.04%
601000.SSTangShan Port Group Co.,Ltd5.21%$0.2066.38%
CAFO.PACentrale d'Achat Française pour l'Outre-Mer S.A.5.21%$0.4416.81%
KBLI.JKPT KMI Wire and Cable Tbk5.21%$16.9931.01%
0QOH.Lnaturenergie holding AG5.20%$1.6927.11%
600551.SSTime Publishing and Media Co., Ltd.5.20%$0.4268.97%
8979.TStarts Proceed Investment Corporation5.20%$10,484.9163.22%
AMIN.JKPT Ateliers Mecaniques D'Indonesie Tbk5.20%$13.0170.06%
EBO.AXEBOS Group Limited5.20%$1.2245.78%
SMCB.JKPT Solusi Bangun Indonesia Tbk5.20%$40.2745.56%
5159.KLYoong Onn Corporation Berhad5.19%$0.0858.97%
603355.SSKingclean Electric Co.,Ltd5.19%$1.6597.04%
603855.SSWarom Technology Incorporated Company5.19%$1.0077.28%
8034.TWOOPNET Technologies Co., Ltd.5.19%$1.3498.92%
ALRFG.PARacing Force S.p.A.5.19%$0.2671.02%
DEME.BRDEME Group N.V.5.19%$7.4131.20%