Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

DS Smith Plc (SMDS.L)

Company Dividend Discount ModelIndustry: Packaging & ContainersSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$77.35 - $336.60$134.43
Multi-Stage$77.63 - $85.07$81.28
Blended Fair Value$107.85
Current Price$3.50
Upside2,981.54%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS5.72%12.81%0.710.840.480.000.640.540.450.350.310.27
YoY Growth---14.53%74.10%0.00%-100.00%18.72%19.11%29.75%12.04%14.89%27.03%
Dividend Yield--20.41%27.13%14.50%0.00%20.58%15.15%9.34%8.55%8.80%8.36%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)887.00
(-) Cash Dividends Paid (M)536.00
(=) Cash Retained (M)351.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)177.40110.8866.53
Cash Retained (M)351.00351.00351.00
(-) Cash Required (M)-177.40-110.88-66.53
(=) Excess Retained (M)173.60240.13284.48
(/) Shares Outstanding (M)345.82345.82345.82
(=) Excess Retained per Share0.500.690.82
LTM Dividend per Share1.551.551.55
(+) Excess Retained per Share0.500.690.82
(=) Adjusted Dividend2.052.242.37
WACC / Discount Rate6.13%6.13%6.13%
Growth Rate3.39%4.39%5.39%
Fair Value$77.35$134.43$336.60
Upside / Downside2,109.91%3,740.75%9,517.27%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)887.00925.96966.621,009.071,053.391,099.651,132.64
Payout Ratio60.43%66.34%72.26%78.17%84.09%90.00%92.50%
Projected Dividends (M)536.00614.30698.45788.81885.75989.691,047.69

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.13%6.13%6.13%
Growth Rate3.39%4.39%5.39%
Year 1 PV (M)573.25578.80584.34
Year 2 PV (M)608.22620.04631.98
Year 3 PV (M)641.00659.78678.92
Year 4 PV (M)671.68698.04725.18
Year 5 PV (M)700.34734.87770.75
PV of Terminal Value (M)23,651.5524,817.6726,029.34
Equity Value (M)26,846.0428,109.2129,420.51
Shares Outstanding (M)345.82345.82345.82
Fair Value$77.63$81.28$85.07
Upside / Downside2,117.97%2,222.33%2,330.67%

High-Yield Dividend Screener

« Prev Page 3 of 30 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
BLWBlackRock Limited Duration Income Trust11.50%$1.5893.39%
ELCEntergy Louisiana, LLC COLLATERAL TR MT11.33%$2.3457.35%
VIASPVia Renewables, Inc.11.33%$2.8849.21%
BUIBlackRock Utilities, Infrastructure & Power Opportunities Trust11.31%$2.9358.72%
JPCNuveen Preferred & Income Opportunities Fund11.24%$0.9167.43%
RILYB. Riley Financial, Inc.11.21%$0.5856.91%
PFOFlaherty & Crumrine Preferred Income Opportunity Fund Inc.11.06%$1.0543.18%
OXLCIOxford Lane Capital Corp.11.05%$2.8369.26%
USB-PSU.S. Bancorp Depositary Shares,10.98%$2.0243.68%
FLCFlaherty & Crumrine Total Return Fund Inc.10.93%$1.9242.77%
UTGReaves Utility Income Fund10.78%$4.0043.20%
CEMClearBridge MLP and Midstream Fund Inc10.77%$5.6046.76%
AIVApartment Investment and Management Company10.76%$0.6336.20%
DCFBNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc.10.71%$0.9942.71%
CALMCal-Maine Foods, Inc.10.70%$8.4032.04%
EMOClearBridge Energy Midstream Opportunity Fund Inc10.65%$4.7926.74%
CTRClearBridge MLP and Midstream Total Return Fund Inc.10.63%$5.0047.43%
EIMEaton Vance Municipal Bond Fund10.57%$1.0364.33%
VZAVerizon Communications, 5.9% 15 Feb 205410.57%$2.7049.90%
BPOPMPopular Capital Trust II PFD GTD 6.125%10.45%$2.6726.93%
RITMRithm Capital Corp.10.45%$1.1571.36%
IHTAInvesco High Income 2024 Target Term Fund10.33%$0.7826.82%
WUThe Western Union Company10.30%$0.9540.76%
ERHAllspring Utilities and High Income Fund10.26%$1.2231.06%
GDVThe Gabelli Dividend & Income Trust10.25%$2.8539.93%
CIIBlackRock Enhanced Capital and Income Fund, Inc.10.23%$2.3844.19%
GBDCGolub Capital BDC, Inc.10.19%$1.3897.76%
PVCMXPalm Valley Capital Fund Investor Class10.19%$1.2483.81%
AEDVXEmerging Markets Debt Fund - Investor Class9.95%$0.9476.80%
HYTBlackRock Corporate High Yield Fund, Inc.9.83%$0.8799.09%
FFCFlaherty & Crumrine Preferred Securities Income Fund Inc.9.79%$1.6337.81%
WENThe Wendy's Company9.78%$0.8082.75%
CMSACMS Energy Corporation 5.6% JRSUB NT 789.77%$2.1762.27%
HIEMiller/Howard High Income Equity Fund9.63%$1.2198.11%
NMSNuveen Minnesota Quality Municipal Income Fund9.54%$1.1237.02%
CMSCCMS Energy Corporation 5.875% J9.48%$2.1762.27%
NEE-PNNextEra Energy, Inc. Series N J9.24%$2.2170.10%
CMSDCMS Energy Corporation 5.875% Junior Subordinated Notes due 20799.20%$2.1762.27%
VFLabrdn National Municipal Income Fund9.06%$0.9334.18%
UANCVR Partners, LP8.96%$9.0975.52%
GGZThe Gabelli Global Small and Mid Cap Value Trust8.95%$1.3448.03%
SUNSSunrise Realty Trust, Inc.8.95%$0.8388.91%
PTYPIMCO Corporate & Income Opportunity Fund8.93%$1.1588.40%
ATHSAthene Holding Ltd. 7.250% Fixe8.86%$2.2214.14%
APAMArtisan Partners Asset Management Inc.8.83%$3.6697.93%
VLTInvesco High Income Trust II8.83%$0.9846.97%
VTNInvesco Trust for Investment Grade New York Municipals8.75%$1.0165.99%
JEQAbrdn Japan Equity Fund Inc8.73%$0.6943.45%
MOAltria Group, Inc.8.69%$4.9894.54%
JGGCJaguar Global Growth Corporation I8.63%$0.1563.08%