DDM Analysis: PWH.AX

Valuation Snapshot

Stable Growth	$12.83 - $67.64	$25.63
Multi-Stage	$9.67 - $10.58	$10.11
Blended Fair Value	$17.87
Current Price	$6.93
Upside	157.90%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DPS	-0.94%	-1.65%	0.11	0.14	0.12	0.09	0.07	0.12	0.08	0.06	0.05	0.01
YoY Growth	-	-	-18.18%	13.33%	27.50%	39.77%	-42.28%	51.31%	34.48%	23.93%	654.84%	-95.34%
Dividend Yield	-	-	1.62%	1.25%	1.39%	1.50%	0.96%	2.62%	1.84%	2.13%	1.98%	0.22%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	34.57
(-) Cash Dividends Paid (M)	25.01
(=) Cash Retained (M)	9.56

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	6.91	4.32	2.59
Cash Retained (M)	9.56	9.56	9.56
(-) Cash Required (M)	-6.91	-4.32	-2.59
(=) Excess Retained (M)	2.64	5.24	6.97
(/) Shares Outstanding (M)	100.52	100.52	100.52
(=) Excess Retained per Share	0.03	0.05	0.07
LTM Dividend per Share	0.25	0.25	0.25
(+) Excess Retained per Share	0.03	0.05	0.07
(=) Adjusted Dividend	0.28	0.30	0.32
WACC / Discount Rate	6.54%	6.54%	6.54%
Growth Rate	4.30%	5.30%	6.30%
Fair Value	$12.83	$25.63	$67.64
Upside / Downside	85.18%	269.86%	876.05%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	34.57	36.40	38.33	40.37	42.51	44.76	46.10
Payout Ratio	72.35%	75.88%	79.41%	82.94%	86.47%	90.00%	92.50%
Projected Dividends (M)	25.01	27.62	30.44	33.48	36.76	40.28	42.65

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.54%	6.54%	6.54%
Growth Rate	4.30%	5.30%	6.30%
Year 1 PV (M)	25.68	25.93	26.18
Year 2 PV (M)	26.31	26.82	27.33
Year 3 PV (M)	26.91	27.69	28.48
Year 4 PV (M)	27.46	28.53	29.63
Year 5 PV (M)	27.98	29.35	30.77
PV of Terminal Value (M)	837.39	878.31	920.81
Equity Value (M)	971.73	1,016.62	1,063.20
Shares Outstanding (M)	100.52	100.52	100.52
Fair Value	$9.67	$10.11	$10.58
Upside / Downside	39.50%	45.95%	52.63%

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

Ticker

Industry

Sector

PWR Holdings Limited (PWH.AX)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener