Definitive Analysis | Institutional-Grade Financial Research
Definitive Analysis
Get Full Access
See Pricing Start Free Trial

Fidus Investment Corporation (FDUS)

Company Dividend Discount ModelIndustry: Asset ManagementSector: Financial Services

Valuation Snapshot

Stable Growth$55.46 - $148.05$84.97
Multi-Stage$37.61 - $41.11$39.33
Blended Fair Value$62.15
Current Price$20.26
Upside206.76%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%0.000.001.410.890.941.131.131.060.860.72
YoY Growth--0.00%-100.00%59.31%-5.28%-16.95%-0.04%6.43%23.22%19.21%4.85%
Dividend Yield--0.00%0.00%7.41%4.39%6.02%17.03%7.30%8.23%4.90%4.65%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)81.67
(-) Cash Dividends Paid (M)14.58
(=) Cash Retained (M)67.09
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)16.3310.216.13
Cash Retained (M)67.0967.0967.09
(-) Cash Required (M)-16.33-10.21-6.13
(=) Excess Retained (M)50.7656.8860.96
(/) Shares Outstanding (M)34.7234.7234.72
(=) Excess Retained per Share1.461.641.76
LTM Dividend per Share0.420.420.42
(+) Excess Retained per Share1.461.641.76
(=) Adjusted Dividend1.882.062.18
WACC / Discount Rate9.08%9.08%9.08%
Growth Rate5.50%6.50%7.50%
Fair Value$55.46$84.97$148.05
Upside / Downside173.75%319.40%630.77%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)81.6786.9892.6498.66105.07111.90115.26
Payout Ratio17.86%32.28%46.71%61.14%75.57%90.00%92.50%
Projected Dividends (M)14.5828.0843.2760.3279.40100.71106.61

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.08%9.08%9.08%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)25.5025.7425.99
Year 2 PV (M)35.6936.3737.05
Year 3 PV (M)45.1846.4847.80
Year 4 PV (M)54.0156.0958.22
Year 5 PV (M)62.2165.2168.33
PV of Terminal Value (M)1,083.151,135.471,189.79
Equity Value (M)1,305.741,365.361,427.19
Shares Outstanding (M)34.7234.7234.72
Fair Value$37.61$39.33$41.11
Upside / Downside85.64%94.11%102.90%

High-Yield Dividend Screener

« Prev Page 3 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
1272.HKDatang Environment Industry Group Co., Ltd.13.53%$0.1542.28%
MID-UN.TOMINT Income Fund13.47%$1.0661.55%
1126.HKDream International Limited13.45%$1.1550.50%
HCO.PAHigh Co. S.A.13.45%$0.5362.33%
2348.HKDawnrays Pharmaceutical (Holdings) Limited13.44%$0.1633.06%
0384.HKChina Gas Holdings Limited13.43%$1.0494.76%
AEFAbrdn Emerging Markets Equity Income Fund Inc13.42%$0.9661.57%
9616.HKNeutech Group Limited13.40%$0.3455.10%
WN-PA.TOGeorge Weston Limited13.36%$3.4127.39%
CY4.FKelsian Group Limited13.31%$0.3278.26%
1100.HKMainland Headwear Holdings Limited13.28%$0.1742.95%
1755.HKS-Enjoy Service Group Co., Limited13.28%$0.3733.22%
DRR.AXDeterra Royalties Limited13.28%$0.5593.57%
2942.TWOJing-Jan Retail Business Co., Ltd.13.27%$4.1962.94%
1985.HKMicroware Group Limited13.26%$0.1768.95%
SSG.AXShaver Shop Group Limited13.25%$0.2086.08%
1553.HKMaike Tube Industry Holdings Limited13.22%$0.2027.92%
3306.HKJNBY Design Limited13.22%$2.5577.85%
0363.HKShanghai Industrial Holdings Limited13.17%$1.9035.00%
0579.HKBeijing Jingneng Clean Energy Co., Limited13.09%$0.3042.68%
RI.PAPernod Ricard S.A.13.06%$9.5377.43%
VULC3.SAVulcabras S.A.13.05%$2.6060.16%
600919.SSBank of Jiangsu Co., Ltd.13.01%$1.3572.63%
1551.HKGuangzhou Rural Commercial Bank Co., Ltd.13.00%$0.2058.85%
EIT-UN.TOCanoe EIT Income Fund13.00%$2.0542.34%
4334.SRAl Maather Reit Fund12.98%$1.1689.22%
BCE-PA.TOBCE Inc.12.97%$2.7139.91%
HLO.AXHelloworld Travel Limited12.97%$0.2567.50%
4347.SRBonyan REIT Fund12.96%$1.2193.24%
1526.HKRici Healthcare Holdings Limited12.94%$0.1438.91%
3709.HKEEKA Fashion Holdings Limited12.93%$0.9958.41%
ELSA.JKPT Elnusa Tbk12.90%$65.7979.08%
3348.HKChina PengFei Group Limited12.88%$0.1642.43%
BAYU.JKPT Bayu Buana Tbk12.87%$175.0059.18%
MJLF.BKMajor Cineplex Lifestyle Leasehold Property Fund.12.81%$0.6246.37%
037460.KQSamji Electronics Co., Ltd.12.80%$1,880.7647.73%
1785.HKChengdu Expressway Co., Ltd.12.79%$0.2688.07%
GWO-PN.TOGreat-West Lifeco Inc.12.76%$2.3953.09%
UNC.TOUnited Corporations Limited12.75%$1.8760.14%
FDJ.PAFDJ United12.74%$3.8390.91%
IRAO.MEPJSC Inter RAO UES12.74%$0.3919.11%
0OGG.LS.A. Catana Group12.72%$0.3722.37%
TAPG.JKPT Triputra Agro Persada Tbk12.65%$191.0090.66%
2407.HKGaush Meditech Ltd12.64%$1.0277.13%
MPCK.DEMPC Münchmeyer Petersen Capital AG12.63%$0.6260.64%
EDL.DEEdel SE & Co. KGaA12.60%$0.5754.20%
0086.HKSun Hung Kai & Co. Limited12.59%$0.5294.25%
4340.SRAl Rajhi REIT Fund12.56%$1.0083.50%
TRMDTORM plc12.54%$2.4890.35%
0819.HKTianneng Power International Limited12.50%$0.8935.06%