Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

Caterpillar Inc. (CAT)

Company Dividend Discount ModelIndustry: Agricultural - MachinerySector: Industrials

Valuation Snapshot

Stable Growth$240.44 - $406.03$312.77
Multi-Stage$276.14 - $302.30$288.98
Blended Fair Value$300.87
Current Price$477.15
Upside-36.94%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS4.41%5.03%5.555.385.124.894.714.474.093.843.783.69
YoY Growth--3.24%5.04%4.63%3.97%5.21%9.28%6.55%1.78%2.39%8.46%
Dividend Yield--1.68%1.48%2.24%2.20%2.03%3.86%2.92%2.61%4.07%4.82%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)9,263.00
(-) Cash Dividends Paid (M)2,723.00
(=) Cash Retained (M)6,540.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1,852.601,157.88694.73
Cash Retained (M)6,540.006,540.006,540.00
(-) Cash Required (M)-1,852.60-1,157.88-694.73
(=) Excess Retained (M)4,687.405,382.135,845.28
(/) Shares Outstanding (M)476.53476.53476.53
(=) Excess Retained per Share9.8411.2912.27
LTM Dividend per Share5.715.715.71
(+) Excess Retained per Share9.8411.2912.27
(=) Adjusted Dividend15.5517.0117.98
WACC / Discount Rate9.04%9.04%9.04%
Growth Rate2.41%3.41%4.41%
Fair Value$240.44$312.77$406.03
Upside / Downside-49.61%-34.45%-14.90%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)9,263.009,579.289,906.3610,244.6010,594.4010,956.1411,284.82
Payout Ratio29.40%41.52%53.64%65.76%77.88%90.00%92.50%
Projected Dividends (M)2,723.003,977.055,313.566,736.718,250.849,860.5210,438.46

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.04%9.04%9.04%
Growth Rate2.41%3.41%4.41%
Year 1 PV (M)3,612.123,647.393,682.66
Year 2 PV (M)4,383.164,469.184,556.03
Year 3 PV (M)5,047.205,196.495,348.71
Year 4 PV (M)5,614.385,836.906,065.96
Year 5 PV (M)6,094.036,397.426,712.76
PV of Terminal Value (M)106,838.14112,156.97117,685.56
Equity Value (M)131,589.04137,704.34144,051.67
Shares Outstanding (M)476.53476.53476.53
Fair Value$276.14$288.98$302.30
Upside / Downside-42.13%-39.44%-36.65%

High-Yield Dividend Screener

« Prev Page 34 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
BILI-A.STBilia AB (publ)4.58%$6.0877.85%
SHA.AXSHAPE Australia Corporation Limited4.58%$0.2863.86%
SUTHA.BKGolden Lime Public Company Limited4.58%$0.1279.88%
YUASA.BKYuasa Battery (Thailand) Public Company Limited4.58%$0.6126.69%
001323.SZDe Rucci Healthy Sleep Co., Ltd.4.57%$1.1972.11%
FNAC.PAFnac Darty S.A.4.57%$1.3429.18%
CRSU.PACaisse Régionale de Crédit Agricole Mutuel Sud Rhône Alpes4.56%$8.7019.97%
ELIN.ATElinoil Hellenic Petroleum Company S.A.4.56%$0.1127.16%
000596.SZAnhui Gujing Distillery Co., Ltd.4.55%$6.0467.48%
002483.SZJiangsu Rainbow Heavy Industries Co., Ltd.4.55%$0.3263.40%
002746.SZShandong Xiantan Co., Ltd.4.55%$0.2882.68%
NSL-R.BKNSL Foods Public Company Limited4.55%$1.0551.73%
600350.SSShandong Hi-speed Company Limited4.54%$0.4464.80%
7463.TAdvan Group Co., Ltd.4.54%$41.5719.08%
SEGMN.ISSegmen Kardesler Gid Urt Ve Amblj Sny AS4.54%$0.8469.37%
005180.KSBinggrae Co., Ltd.4.53%$3,299.7936.30%
6873.TWHD Renewable Energy Co., Ltd.4.53%$4.5378.62%
300193.SZShenzhen Jasic Technology Co.,Ltd.4.52%$0.4081.71%
5904.TWOPOYA International Co., Ltd.4.52%$20.1875.14%
600282.SSNanjing Iron & Steel Co., Ltd.4.52%$0.2454.66%
603689.SSAnhui Province Natural Gas DevelopmentCo.,Ltd.4.52%$0.3769.94%
688036.SSShenzhen Transsion Holdings Co., Ltd.4.52%$2.9990.95%
ALCLA.PAClasquin S.A.4.52%$6.4148.30%
023000.KSSAMWONSTEEL Co.,Ltd.4.51%$108.3244.46%
0QNM.LAdecco Group AG4.51%$1.0462.86%
9539.SRAqaseem Factory for Chemicals and Plastics Co.4.51%$0.2165.70%
DUI.AXDiversified United Investment Limited4.51%$0.2470.80%
SLIGR.ASSligro Food Group N.V.4.51%$0.47100.00%
032640.KSLG Uplus Corp.4.50%$650.0160.09%
4165.SRAl Majed Oud Co.4.50%$6.0082.11%
000411.SZZhejiang Int'l Group Co.,Ltd.4.49%$0.5761.70%
002543.SZGuangdong Vanward New Electric Co., Ltd.4.49%$0.4649.41%
003070.KSKolon Global Corporation4.49%$401.8773.73%
601665.SSQilu Bank Co., Ltd.4.49%$0.2628.78%
BSANTANDER.SNBanco Santander-Chile4.49%$3.1956.12%
GPW.WAGielda Papierów Wartosciowych w Warszawie S.A.4.49%$2.9966.28%
SHUR.BRShurgard Self Storage S.A.4.49%$1.3113.81%
044450.KSKSS Line Ltd.4.48%$397.8627.45%
0OR2.LLNA Santé S.A.4.48%$1.1025.22%
2731.TWLion Travel Service Co., Ltd.4.48%$7.4848.12%
4104.TWExcelsior Medical Co., Ltd.4.48%$3.6277.21%
7167.KLAble Global Berhad4.48%$0.0731.97%
7593.TVt Holdings Co.,Ltd.4.48%$24.0056.43%
0IPY.LAubay S.A.4.47%$2.5247.60%
3020.SRYamama Saudi Cement Company4.47%$1.0650.72%
3114.TWOHowteh Technology Co., Ltd.4.47%$1.1951.28%
CCEPCoca-Cola Europacific Partners PLC4.47%$3.9457.53%
CMCanadian Imperial Bank of Commerce4.47%$4.1147.39%
QIIK.QAQatar International Islamic Bank (Q.P.S.C)4.47%$0.5158.75%
1515.HKChina Resources Medical Holdings Company Limited4.46%$0.1423.71%