DDM Analysis: BGIP3.SA

Valuation Snapshot

Stable Growth	$355.82 - $1,663.81	$792.06
Multi-Stage	$205.42 - $224.94	$215.00
Blended Fair Value	$503.53
Current Price	$31.51
Upside	1,498.01%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	192.21%	37.39%	2.32	1.54	1.74	1.02	0.13	0.01	0.18	1.38	0.03	0.83
YoY Growth	-	-	50.97%	-11.80%	71.43%	665.86%	1,118.67%	-94.09%	-86.62%	5,297.91%	-96.93%	759.10%
Dividend Yield	-	-	8.60%	6.25%	6.63%	4.22%	0.34%	0.02%	0.50%	3.14%	0.10%	7.27%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	173.45
(-) Cash Dividends Paid (M)	36.62
(=) Cash Retained (M)	136.83

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	34.69	21.68	13.01
Cash Retained (M)	136.83	136.83	136.83
(-) Cash Required (M)	-34.69	-21.68	-13.01
(=) Excess Retained (M)	102.14	115.15	123.83
(/) Shares Outstanding (M)	20.64	20.64	20.64
(=) Excess Retained per Share	4.95	5.58	6.00
LTM Dividend per Share	1.77	1.77	1.77
(+) Excess Retained per Share	4.95	5.58	6.00
(=) Adjusted Dividend	6.72	7.35	7.77
WACC / Discount Rate	7.03%	7.03%	7.03%
Growth Rate	5.05%	6.05%	7.05%
Fair Value	$355.82	$792.06	$1,663.81
Upside / Downside	1,029.24%	2,413.69%	5,180.27%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	173.45	183.94	195.06	206.86	219.37	232.63	239.61
Payout Ratio	21.11%	34.89%	48.67%	62.44%	76.22%	90.00%	92.50%
Projected Dividends (M)	36.62	64.17	94.93	129.17	167.20	209.37	221.64

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	7.03%	7.03%	7.03%
Growth Rate	5.05%	6.05%	7.05%
Year 1 PV (M)	59.39	59.96	60.52
Year 2 PV (M)	81.31	82.87	84.44
Year 3 PV (M)	102.40	105.35	108.36
Year 4 PV (M)	122.67	127.41	132.28
Year 5 PV (M)	142.16	149.06	156.22
PV of Terminal Value (M)	3,732.98	3,914.08	4,102.13
Equity Value (M)	4,240.91	4,438.71	4,643.95
Shares Outstanding (M)	20.64	20.64	20.64
Fair Value	$205.42	$215.00	$224.94
Upside / Downside	551.92%	582.33%	613.88%

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

Banco do Estado de Sergipe S.A. (BGIP3.SA)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener