DDM Analysis: PNDORA.CO

Valuation Snapshot

Stable Growth	$5,623.88 - $13,363.37	$12,523.43
Multi-Stage	$1,964.07 - $2,149.73	$2,055.20
Blended Fair Value	$7,289.31
Current Price	$828.40
Upside	779.93%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	-3.48%	6.02%	18.78	18.03	19.33	0.00	10.54	22.42	24.81	51.02	19.24	13.89
YoY Growth	-	-	4.18%	-6.74%	0.00%	-100.00%	-53.02%	-9.62%	-51.36%	165.10%	38.51%	32.68%
Dividend Yield	-	-	1.78%	1.64%	2.95%	0.00%	1.55%	10.15%	7.81%	7.98%	2.49%	1.62%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	5,262.00
(-) Cash Dividends Paid (M)	1,950.00
(=) Cash Retained (M)	3,312.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	1,052.40	657.75	394.65
Cash Retained (M)	3,312.00	3,312.00	3,312.00
(-) Cash Required (M)	-1,052.40	-657.75	-394.65
(=) Excess Retained (M)	2,259.60	2,654.25	2,917.35
(/) Shares Outstanding (M)	78.31	78.31	78.31
(=) Excess Retained per Share	28.85	33.89	37.25
LTM Dividend per Share	24.90	24.90	24.90
(+) Excess Retained per Share	28.85	33.89	37.25
(=) Adjusted Dividend	53.76	58.80	62.16
WACC / Discount Rate	6.51%	6.51%	6.51%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$5,623.88	$12,523.43	$13,363.37
Upside / Downside	578.89%	1,411.76%	1,513.15%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	5,262.00	5,604.03	5,968.29	6,356.23	6,769.39	7,209.40	7,425.68
Payout Ratio	37.06%	47.65%	58.23%	68.82%	79.41%	90.00%	92.50%
Projected Dividends (M)	1,950.00	2,670.13	3,475.63	4,374.57	5,375.68	6,488.46	6,868.75

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.51%	6.51%	6.51%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	2,483.42	2,506.96	2,530.50
Year 2 PV (M)	3,006.57	3,063.84	3,121.64
Year 3 PV (M)	3,519.59	3,620.62	3,723.57
Year 4 PV (M)	4,022.62	4,177.32	4,336.44
Year 5 PV (M)	4,515.81	4,733.93	4,960.39
PV of Terminal Value (M)	136,257.58	142,838.87	149,672.05
Equity Value (M)	153,805.59	160,941.54	168,344.59
Shares Outstanding (M)	78.31	78.31	78.31
Fair Value	$1,964.07	$2,055.20	$2,149.73
Upside / Downside	137.09%	148.09%	159.50%

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

Pandora A/S (PNDORA.CO)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener