DDM Analysis: EYAPS.AT

Valuation Snapshot

Stable Growth	$0.76 - $0.99	$0.88
Multi-Stage	$3.18 - $3.57	$3.37
Blended Fair Value	$2.12
Current Price	$3.29
Upside	-35.41%
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	-26.06%	-21.06%	0.03	0.00	0.21	0.22	0.26	0.12	0.21	0.22	0.24	0.23
YoY Growth	-	-	16,366.67%	-99.92%	-2.01%	-16.75%	115.32%	-42.29%	-3.14%	-9.83%	4.11%	-18.94%
Dividend Yield	-	-	0.84%	0.00%	6.50%	4.71%	5.99%	2.55%	4.77%	4.80%	6.97%	7.76%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	10.33
(-) Cash Dividends Paid (M)	1.00
(=) Cash Retained (M)	9.33

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	2.07	1.29	0.77
Cash Retained (M)	9.33	9.33	9.33
(-) Cash Required (M)	-2.07	-1.29	-0.77
(=) Excess Retained (M)	7.26	8.04	8.55
(/) Shares Outstanding (M)	36.59	36.59	36.59
(=) Excess Retained per Share	0.20	0.22	0.23
LTM Dividend per Share	0.03	0.03	0.03
(+) Excess Retained per Share	0.20	0.22	0.23
(=) Adjusted Dividend	0.23	0.25	0.26
WACC / Discount Rate	5.61%	5.61%	5.61%
Growth Rate	-18.46%	-17.46%	-16.46%
Fair Value	$0.76	$0.88	$0.99
Upside / Downside	-76.75%	-73.14%	-69.96%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	10.33	8.52	7.03	5.81	4.79	3.96	4.07
Payout Ratio	9.65%	25.72%	41.79%	57.86%	73.93%	90.00%	92.50%
Projected Dividends (M)	1.00	2.19	2.94	3.36	3.54	3.56	3.77

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	5.61%	5.61%	5.61%
Growth Rate	-18.46%	-17.46%	-16.46%
Year 1 PV (M)	2.05	2.08	2.10
Year 2 PV (M)	2.57	2.64	2.70
Year 3 PV (M)	2.75	2.85	2.96
Year 4 PV (M)	2.71	2.85	2.99
Year 5 PV (M)	2.55	2.71	2.88
PV of Terminal Value (M)	103.53	110.04	116.87
Equity Value (M)	116.17	123.16	130.49
Shares Outstanding (M)	36.59	36.59	36.59
Fair Value	$3.18	$3.37	$3.57
Upside / Downside	-3.49%	2.32%	8.41%

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

Mode

Ticker

Industry

Sector

Thessaloniki Water Supply & Sewerage Co S.A. (EYAPS.AT)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener