Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker / Industry / Sector

Van Lanschot Kempen N.V. (VLK.AS)

Company Dividend Discount ModelIndustry: Banks - RegionalSector: Financial Services

Valuation Snapshot

Stable Growth$352.75 - $1,272.92$1,122.33
Multi-Stage$165.68 - $181.03$173.22
Blended Fair Value$647.78
Current Price$54.60
Upside1,086.40%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS8.28%22.05%2.203.883.492.210.171.482.822.130.590.56
YoY Growth---43.20%11.24%57.84%1,236.32%-88.83%-47.60%32.60%262.09%5.99%84.77%
Dividend Yield--5.06%13.78%15.92%10.04%0.79%7.38%14.25%8.19%2.94%2.61%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)273.97
(-) Cash Dividends Paid (M)188.06
(=) Cash Retained (M)85.91
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)54.7934.2520.55
Cash Retained (M)85.9185.9185.91
(-) Cash Required (M)-54.79-34.25-20.55
(=) Excess Retained (M)31.1251.6765.37
(/) Shares Outstanding (M)42.8042.8042.80
(=) Excess Retained per Share0.731.211.53
LTM Dividend per Share4.394.394.39
(+) Excess Retained per Share0.731.211.53
(=) Adjusted Dividend5.125.605.92
WACC / Discount Rate7.03%7.03%7.03%
Growth Rate5.50%6.50%7.50%
Fair Value$352.75$1,122.33$1,272.92
Upside / Downside546.06%1,955.56%2,231.36%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)273.97291.78310.74330.94352.45375.36386.62
Payout Ratio68.64%72.91%77.18%81.46%85.73%90.00%92.50%
Projected Dividends (M)188.06212.74239.84269.57302.15337.82357.62

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.03%7.03%7.03%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)196.90198.77200.63
Year 2 PV (M)205.45209.37213.32
Year 3 PV (M)213.72219.86226.11
Year 4 PV (M)221.71230.24239.01
Year 5 PV (M)229.43240.51252.02
PV of Terminal Value (M)6,024.546,315.526,617.65
Equity Value (M)7,091.757,414.267,748.73
Shares Outstanding (M)42.8042.8042.80
Fair Value$165.68$173.22$181.03
Upside / Downside203.45%217.25%231.56%

High-Yield Dividend Screener

« Prev Page 31 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
0QLX.LMetall Zug AG4.87%$39.8932.62%
6418.TJapan Cash Machine Co., Ltd.4.86%$49.9871.76%
A2A.MIA2A S.p.A.4.86%$0.1147.95%
GEST.MCGestamp Automoción, S.A.4.86%$0.1550.80%
2296.HKHuarchi Global Group Holdings Limited4.85%$0.0578.87%
7004.TKanadevia Corp4.85%$46.0936.42%
001630.KSChong Kun Dang Holdings Corp.4.84%$2,194.2330.09%
020000.KSHANDSOME Corp.4.84%$749.9941.55%
0906.HKCPMC Holdings Limited4.84%$0.3439.95%
603323.SSJiangsu Suzhou Rural Commercial Bank Co., Ltd4.84%$0.2424.36%
ESEAEuroseas Ltd.4.84%$2.6215.15%
JPFA.JKPT Japfa Comfeed Indonesia Tbk4.84%$140.4348.97%
LPH.BKLadprao General Hospital Public Company Limited4.84%$0.1877.89%
PTNT3.SAPettenati S.A. Industria Têxtil4.84%$0.4243.56%
002100.KSKyung Nong Corporation4.83%$449.7446.25%
3IT.Faudius SE4.83%$0.6747.79%
ME8U.SIMapletree Industrial Trust4.83%$0.1084.21%
SOAG.OLSpareBank 1 Østfold Akershus4.83%$21.8842.41%
0693.HKTan Chong International Limited4.82%$0.1028.87%
2152.HKSuxin Joyful Life Services Co., Ltd.4.82%$0.2719.91%
BDMN.JKPT Bank Danamon Indonesia Tbk4.82%$119.5631.76%
EKAD.JKPT Ekadharma International Tbk4.82%$8.8798.38%
PTG-R.BKPTG Energy Public Company Limited4.82%$0.3462.48%
VEND.OLVend Marketplaces ASA4.82%$17.2449.52%
1890.HKChina Kepei Education Group Limited4.81%$0.0616.29%
BASS.PABassac S.A.4.81%$2.4628.93%
DEYAAR.AEDeyaar Development PJSC4.81%$0.0540.79%
SDF.AXSteadfast Group Limited4.81%$0.2650.20%
SXE.AXSouthern Cross Electrical Engineering Limited4.81%$0.1259.32%
HPOL-B.STHEXPOL AB (publ)4.80%$4.2174.04%
MEGA-R.BKMega Lifesciences Public Company Limited4.80%$1.6170.67%
PTL-R.BKPolyplex (Thailand) Public Company Limited4.80%$0.4081.34%
000828.SZDongguan Development (Holdings) Co., Ltd.4.79%$0.5250.35%
002372.SZZhejiang Weixing New Building Materials Co., Ltd.4.79%$0.5090.51%
002736.SZGuosen Securities Co., Ltd.4.79%$0.6351.57%
600612.SSLao Feng Xiang Co., Ltd.4.79%$2.1369.19%
6285.TWWNC Corporation4.79%$4.7975.15%
6642.TWOFuzetec Technology Co., Ltd.4.79%$2.5094.93%
BSGR.ASB&S Group S.A.4.79%$0.2824.05%
030210.KSDaol Investment & Securities Co., Ltd.4.78%$165.8688.74%
0960.HKLongfor Group Holdings Limited4.78%$0.4215.35%
2176.HKCCID Consulting Company Limited4.78%$0.0866.12%
600820.SSShanghai Tunnel Engineering Co., Ltd.4.77%$0.3138.17%
8097.TSan-Ai Obbli Co., Ltd.4.77%$100.8088.28%
2722.HKChongqing Machinery & Electric Co., Ltd.4.76%$0.0935.27%
7267.THonda Motor Co., Ltd.4.76%$73.1447.07%
VALMT.HEValmet Oyj4.76%$1.3590.84%
000928.SZSinosteel Engineering & Technology Co., Ltd.4.75%$0.3160.04%
029780.KSSamsung Card Co., Ltd.4.75%$2,578.9146.87%
2020.HKANTA Sports Products Limited4.75%$3.8940.14%