DDM Analysis: ULVR.L

Valuation Snapshot

Stable Growth	$55.34 - $97.52	$73.24
Multi-Stage	$103.32 - $113.42	$108.27
Blended Fair Value	$90.76
Current Price	$51.76
Upside	75.35%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	0.52%	3.08%	1.72	1.74	1.73	1.79	1.71	1.68	1.62	1.56	1.44	1.33
YoY Growth	-	-	-1.01%	0.79%	-3.44%	4.77%	1.66%	3.52%	3.83%	8.51%	8.35%	4.45%
Dividend Yield	-	-	3.14%	3.98%	3.66%	3.82%	3.48%	3.27%	3.56%	3.37%	3.73%	3.36%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	10,439.00
(-) Cash Dividends Paid (M)	7,597.00
(=) Cash Retained (M)	2,842.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	2,087.80	1,304.88	782.93
Cash Retained (M)	2,842.00	2,842.00	2,842.00
(-) Cash Required (M)	-2,087.80	-1,304.88	-782.93
(=) Excess Retained (M)	754.20	1,537.13	2,059.08
(/) Shares Outstanding (M)	2,503.85	2,503.85	2,503.85
(=) Excess Retained per Share	0.30	0.61	0.82
LTM Dividend per Share	3.03	3.03	3.03
(+) Excess Retained per Share	0.30	0.61	0.82
(=) Adjusted Dividend	3.34	3.65	3.86
WACC / Discount Rate	6.34%	6.34%	6.34%
Growth Rate	0.29%	1.29%	2.29%
Fair Value	$55.34	$73.24	$97.52
Upside / Downside	6.91%	41.51%	88.42%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	10,439.00	10,573.97	10,710.69	10,849.17	10,989.44	11,131.53	11,465.47
Payout Ratio	72.78%	76.22%	79.67%	83.11%	86.56%	90.00%	92.50%
Projected Dividends (M)	7,597.00	8,059.49	8,532.68	9,016.75	9,511.91	10,018.38	10,605.56

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.34%	6.34%	6.34%
Growth Rate	0.29%	1.29%	2.29%
Year 1 PV (M)	7,504.31	7,579.13	7,653.95
Year 2 PV (M)	7,397.60	7,545.86	7,695.58
Year 3 PV (M)	7,278.78	7,498.68	7,722.97
Year 4 PV (M)	7,149.55	7,438.99	7,737.14
Year 5 PV (M)	7,011.50	7,368.09	7,739.05
PV of Terminal Value (M)	222,363.33	233,672.30	245,436.79
Equity Value (M)	258,705.07	271,103.06	283,985.48
Shares Outstanding (M)	2,503.85	2,503.85	2,503.85
Fair Value	$103.32	$108.27	$113.42
Upside / Downside	99.62%	109.19%	119.13%

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

Unilever PLC (ULVR.L)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener