DDM Analysis: BBSI

Valuation Snapshot

Stable Growth	$27.86 - $48.77	$36.77
Multi-Stage	$34.38 - $37.72	$36.02
Blended Fair Value	$36.40
Current Price	$44.32
Upside	-17.88%
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	-0.30%	4.04%	0.31	0.31	0.32	0.35	0.35	0.31	0.28	0.28	0.24	0.24
YoY Growth	-	-	-0.04%	-5.10%	-6.01%	-0.57%	11.12%	11.70%	0.99%	14.42%	0.78%	15.93%
Dividend Yield	-	-	0.75%	0.97%	1.47%	1.79%	2.02%	3.16%	1.43%	1.34%	1.77%	3.35%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	54.85
(-) Cash Dividends Paid (M)	8.24
(=) Cash Retained (M)	46.62

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	10.97	6.86	4.11
Cash Retained (M)	46.62	46.62	46.62
(-) Cash Required (M)	-10.97	-6.86	-4.11
(=) Excess Retained (M)	35.64	39.76	42.50
(/) Shares Outstanding (M)	26.23	26.23	26.23
(=) Excess Retained per Share	1.36	1.52	1.62
LTM Dividend per Share	0.31	0.31	0.31
(+) Excess Retained per Share	1.36	1.52	1.62
(=) Adjusted Dividend	1.67	1.83	1.93
WACC / Discount Rate	8.09%	8.09%	8.09%
Growth Rate	1.96%	2.96%	3.96%
Fair Value	$27.86	$36.77	$48.77
Upside / Downside	-37.15%	-17.03%	10.04%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	54.85	56.48	58.15	59.88	61.65	63.48	65.38
Payout Ratio	15.02%	30.01%	45.01%	60.01%	75.00%	90.00%	92.50%
Projected Dividends (M)	8.24	16.95	26.17	35.93	46.24	57.13	60.48

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	8.09%	8.09%	8.09%
Growth Rate	1.96%	2.96%	3.96%
Year 1 PV (M)	15.53	15.68	15.83
Year 2 PV (M)	21.97	22.40	22.84
Year 3 PV (M)	27.63	28.45	29.29
Year 4 PV (M)	32.58	33.88	35.21
Year 5 PV (M)	36.88	38.72	40.64
PV of Terminal Value (M)	767.19	805.56	845.45
Equity Value (M)	901.79	944.70	989.26
Shares Outstanding (M)	26.23	26.23	26.23
Fair Value	$34.38	$36.02	$37.72
Upside / Downside	-22.42%	-18.73%	-14.90%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 29 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
BTBT	Bit Digital, Inc.	0.25%	$0.01	1.17%
PVH	PVH Corp.	0.25%	$0.17	2.41%
AEL	American Equity Investment Life Holding Company	0.24%	$0.14	2.19%
CRS	Carpenter Technology Corporation	0.24%	$0.80	9.74%
L	Loews Corporation	0.24%	$0.25	3.58%
PRIM	Primoris Services Corporation	0.23%	$0.30	5.83%
TER	Teradyne, Inc.	0.23%	$0.48	17.39%
FOCS	Focus Financial Partners Inc.	0.22%	$0.12	19.23%
QCRH	QCR Holdings, Inc.	0.22%	$0.18	2.50%
RMAX	RE/MAX Holdings, Inc.	0.22%	$0.02	2.70%
VSEC	VSE Corporation	0.22%	$0.40	30.98%
0J5I.L	Hilton Worldwide Holdings Inc.	0.21%	$0.60	8.71%
PRVAX	Virginia Tax Free Bond Fund	0.21%	$0.02	89.04%
ACA	Arcosa, Inc.	0.19%	$0.20	6.66%
HWM	Howmet Aerospace Inc.	0.19%	$0.40	11.24%
USLM	United States Lime & Minerals, Inc.	0.19%	$0.23	5.04%
AEIS	Advanced Energy Industries, Inc.	0.18%	$0.40	10.65%
BELFA	Bel Fuse Inc.	0.18%	$0.28	5.31%
TILE	Interface, Inc.	0.18%	$0.05	2.63%
0K05.L	Medifast, Inc.	0.17%	$0.02	78.63%
AYI	Acuity Brands, Inc.	0.17%	$0.65	5.19%
BDC	Belden Inc.	0.17%	$0.20	3.53%
FIX	Comfort Systems USA, Inc.	0.17%	$1.70	7.18%
KNSL	Kinsale Capital Group, Inc.	0.17%	$0.66	3.24%
STCN	Steel Connect, Inc.	0.17%	$0.02	1.98%
VVI	Viad Corp	0.17%	$0.07	0.54%
ALNT	Allient Inc.	0.16%	$0.09	7.91%
CLSK	CleanSpark, Inc.	0.16%	$0.02	1.41%
EME	EMCOR Group, Inc.	0.16%	$1.01	4.01%
ESE	ESCO Technologies Inc.	0.16%	$0.32	2.76%
CW	Curtiss-Wright Corporation	0.15%	$0.87	7.08%
MU	Micron Technology, Inc.	0.15%	$0.46	6.11%
SPCMU	Sound Point Acquisition Corp I, Ltd	0.15%	$0.02	1.33%
ENSG	The Ensign Group, Inc.	0.14%	$0.24	4.34%
JBL	Jabil Inc.	0.14%	$0.33	5.48%
PFIE	Profire Energy, Inc.	0.14%	$0.00	1.99%
0R0A.L	Hecla Mining Company	0.13%	$0.02	5.24%
GNW	Genworth Financial, Inc.	0.13%	$0.01	2.27%
ONIT	Onity Group Inc.	0.13%	$0.06	1.46%
0A7O.L	MicroStrategy Incorporated	0.12%	$0.19	0.73%
0KGS.L	Pegasystems Inc.	0.12%	$0.07	4.63%
PRTAX	T. Rowe Price Tax-Free Income Fd	0.12%	$0.01	89.04%
WDC	Western Digital Corporation	0.12%	$0.22	3.25%
GEV	GE Vernova Inc.	0.11%	$0.75	12.15%
MPLF.L	Marble Point Loan Financing Limited	0.11%	$0.07	92.98%
EPAC	Enerpac Tool Group Corp.	0.10%	$0.04	2.34%
GRBK	Green Brick Partners, Inc.	0.10%	$0.07	0.85%
IR	Ingersoll Rand Inc.	0.10%	$0.08	5.89%
RAL	Ralliant Corp.	0.10%	$0.05	2.75%
TXT	Textron Inc.	0.10%	$0.08	1.79%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Analysis Mode

Ticker

Industry

Sector

Barrett Business Services, Inc. (BBSI)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener