Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

Cullen/Frost Bankers, Inc. (CFR)

Company Dividend Discount ModelIndustry: Banks - RegionalSector: Financial Services

Valuation Snapshot

Stable Growth$217.73 - $537.22$325.42
Multi-Stage$164.87 - $180.06$172.33
Blended Fair Value$248.87
Current Price$126.77
Upside96.32%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS6.49%6.66%3.773.623.262.942.812.752.572.242.102.06
YoY Growth--4.36%10.75%11.12%4.54%2.02%6.99%14.76%6.87%2.07%3.92%
Dividend Yield--3.01%3.23%3.10%2.12%2.58%4.94%2.58%2.12%2.36%3.73%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)637.16
(-) Cash Dividends Paid (M)252.80
(=) Cash Retained (M)384.36
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)127.4379.6447.79
Cash Retained (M)384.36384.36384.36
(-) Cash Required (M)-127.43-79.64-47.79
(=) Excess Retained (M)256.93304.72336.57
(/) Shares Outstanding (M)64.2664.2664.26
(=) Excess Retained per Share4.004.745.24
LTM Dividend per Share3.933.933.93
(+) Excess Retained per Share4.004.745.24
(=) Adjusted Dividend7.938.689.17
WACC / Discount Rate8.89%8.89%8.89%
Growth Rate5.07%6.07%7.07%
Fair Value$217.73$325.42$537.22
Upside / Downside71.75%156.70%323.78%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)637.16675.81716.80760.28806.39855.31880.97
Payout Ratio39.68%49.74%59.81%69.87%79.94%90.00%92.50%
Projected Dividends (M)252.80336.15428.68531.21644.59769.78814.89

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.89%8.89%8.89%
Growth Rate5.07%6.07%7.07%
Year 1 PV (M)305.78308.69311.60
Year 2 PV (M)354.73361.52368.37
Year 3 PV (M)399.87411.39423.14
Year 4 PV (M)441.39458.43475.97
Year 5 PV (M)479.49502.75526.90
PV of Terminal Value (M)8,612.539,030.279,464.06
Equity Value (M)10,593.7911,073.0511,570.04
Shares Outstanding (M)64.2664.2664.26
Fair Value$164.87$172.33$180.06
Upside / Downside30.05%35.94%42.04%

High-Yield Dividend Screener

« Prev Page 32 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
603551.SSAUPU Intelligent Technology Corporation Limited4.75%$0.5570.57%
ABCB4.SABanco ABC Brasil S.A.4.75%$1.1227.47%
ASSA.JKPT Adi Sarana Armada Tbk4.75%$55.3753.84%
CHMF.MEPJSC Severstal4.75%$45.6947.39%
LMN.SWlastminute.com N.V.4.75%$0.6239.82%
LREN3.SALojas Renner S.A.4.75%$0.6445.84%
POT.NZPort of Tauranga Limited4.75%$0.3793.98%
005720.KSNexen Corporation4.74%$283.1621.67%
0DTK.LSavencia S.A.4.74%$2.9720.78%
1368.HKXtep International Holdings Limited4.74%$0.2535.82%
3030.SRSaudi Cement Company4.74%$1.6459.10%
EGIE3.SAEngie Brasil Energia S.A.4.74%$1.4839.71%
3570.TWOOtsuka Information Technology Corp.4.73%$7.9755.25%
600096.SSYunnan Yuntianhua Co., Ltd.4.73%$1.5851.07%
CHE-UN.TOChemtrade Logistics Income Fund4.73%$0.7071.01%
GVHGlobavend Holdings Limited4.73%$0.0761.06%
MOUR.BRMoury Construct S.A.4.73%$27.3520.85%
1578.HKBank of Tianjin Co., Ltd.4.72%$0.1210.90%
601598.SSSinotrans Limited4.72%$0.2956.81%
6393.TYuken Kogyo Co., Ltd.4.72%$152.0845.60%
7278.TEXEDY Corporation4.72%$264.7876.11%
SHURB.XDShurgard Self Storage Ltd4.72%$1.3821.77%
TDThe Toronto-Dominion Bank4.72%$4.4637.31%
0QLW.LALSO Holding AG4.71%$10.0755.86%
111110.KSHojeon Limited4.71%$377.8120.16%
3413.TWFoxsemicon Integrated Technology Inc.4.71%$13.2962.47%
BVG.BKBlueVenture Group Public Company Limited4.71%$0.0858.67%
DUNI.STDuni AB (publ)4.71%$5.0071.87%
002810.KSSamyung Trading Co., Ltd.4.70%$746.8222.45%
013520.KSHwaseung Corporation Co.,Ltd.4.70%$101.2413.31%
2S.BK2S Metal Public Company Limited4.70%$0.1176.54%
COLOR.BKSalee Colour Public Company Limited4.70%$0.0565.65%
GJTL.JKPT. Gajah Tunggal Tbk4.70%$49.8216.37%
JHSF3.SAJHSF Participações S.A.4.70%$0.3719.33%
0QLN.LTecan Group AG4.69%$6.0146.42%
2891.TWCTBC Financial Holding Co., Ltd.4.69%$2.3963.03%
9536.SRArabian Food & Dairy Factories Company4.69%$2.7742.88%
KAMART.BKKarmarts Public Company Limited4.69%$0.4280.09%
SNW.DESanofi4.69%$3.8751.33%
WWL.WAWawel S.A.4.69%$35.0061.86%
603299.SSJiang Su Suyan Jingshen Co.,Ltd.4.68%$0.4972.35%
001790.KSTS Corporation4.67%$129.8523.71%
6049.HKPoly Property Services Co., Ltd.4.67%$1.5127.86%
ABRD.MEPJSC Abrau-Durso4.67%$7.7335.43%
CURY3.SACury Construtora e Incorporadora S.A.4.67%$1.4749.28%
INCI.JKPT Intanwijaya Internasional Tbk4.67%$34.7631.60%
NTGY.MCNaturgy Energy Group, S.A.4.67%$1.2057.49%
1015.KLAMMB Holdings Berhad4.66%$0.3048.65%
1686.HKSUNeVision Holdings Ltd.4.66%$0.2247.87%
1834.SRSaudi Manpower Solutions Co.4.66%$0.2581.73%