Definitive Analysis
Definitive Analysis

Financial Statements

Fundamentals

Valuations

Miscellaneous

Analysis Mode

Search

National Instruments Corporation (NATI)

Company Dividend Discount ModelIndustry: Software - ApplicationSector: Technology

Valuation Snapshot

Stable Growth$18.55 - $32.79$24.58
Multi-Stage$20.72 - $22.60$21.64
Blended Fair Value$23.11
Current Price$57.40
Upside-59.73%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2022202120202019201820172016201520142013
DPS6.18%8.01%1.111.081.030.990.910.820.770.730.570.53
YoY Growth--3.30%4.81%3.56%8.49%10.94%6.47%5.38%28.00%9.26%2.08%
Dividend Yield--2.12%2.65%2.38%3.00%2.01%1.63%2.38%2.44%1.79%1.83%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)179.39
(-) Cash Dividends Paid (M)147.78
(=) Cash Retained (M)31.62
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)35.8822.4213.45
Cash Retained (M)31.6231.6231.62
(-) Cash Required (M)-35.88-22.42-13.45
(=) Excess Retained (M)-4.269.1918.16
(/) Shares Outstanding (M)132.93132.93132.93
(=) Excess Retained per Share-0.030.070.14
LTM Dividend per Share1.111.111.11
(+) Excess Retained per Share-0.030.070.14
(=) Adjusted Dividend1.081.181.25
WACC / Discount Rate9.15%9.15%9.15%
Growth Rate3.14%4.14%5.14%
Fair Value$18.55$24.58$32.79
Upside / Downside-67.68%-57.17%-42.87%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)179.39186.83194.57202.64211.03219.78226.37
Payout Ratio82.38%83.90%85.43%86.95%88.48%90.00%92.50%
Projected Dividends (M)147.78156.75166.21176.19186.71197.80209.40

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.15%9.15%9.15%
Growth Rate3.14%4.14%5.14%
Year 1 PV (M)142.23143.61144.99
Year 2 PV (M)136.86139.52142.21
Year 3 PV (M)131.64135.50139.44
Year 4 PV (M)126.58131.56136.69
Year 5 PV (M)121.68127.69133.94
PV of Terminal Value (M)2,095.492,199.062,306.69
Equity Value (M)2,754.482,876.963,003.97
Shares Outstanding (M)132.93132.93132.93
Fair Value$20.72$21.64$22.60
Upside / Downside-63.90%-62.29%-60.63%

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%