Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

Grayscale Ethereum Mini Trust (ETH)

Company Dividend Discount ModelIndustry: Asset Management - CryptocurrencySector: Financial Services

Valuation Snapshot

Stable Growth$5.78 - $7.85$6.84
Multi-Stage$7.79 - $8.52$8.15
Blended Fair Value$7.49
Current Price$39.18
Upside-80.88%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS-70.24%-42.79%0.001.211.111.161.040.521.130.710.480.40
YoY Growth---99.90%8.44%-3.94%11.47%101.64%-54.31%59.24%47.32%20.34%24.71%
Dividend Yield--0.00%4.95%3.40%3.54%3.18%1.58%3.45%2.17%1.47%1.22%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)47.33
(-) Cash Dividends Paid (M)16.36
(=) Cash Retained (M)30.97
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)9.475.923.55
Cash Retained (M)30.9730.9730.97
(-) Cash Required (M)-9.47-5.92-3.55
(=) Excess Retained (M)21.5025.0527.42
(/) Shares Outstanding (M)41.6441.6441.64
(=) Excess Retained per Share0.520.600.66
LTM Dividend per Share0.390.390.39
(+) Excess Retained per Share0.520.600.66
(=) Adjusted Dividend0.910.991.05
WACC / Discount Rate12.71%12.71%12.71%
Growth Rate-2.60%-1.60%-0.60%
Fair Value$5.78$6.84$7.85
Upside / Downside-85.24%-82.55%-79.97%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)47.3346.5745.8245.0944.3743.6644.97
Payout Ratio34.57%45.66%56.74%67.83%78.91%90.00%92.50%
Projected Dividends (M)16.3621.2626.0030.5835.0139.2941.59

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate12.71%12.71%12.71%
Growth Rate-2.60%-1.60%-0.60%
Year 1 PV (M)18.6718.8619.06
Year 2 PV (M)20.0520.4720.89
Year 3 PV (M)20.7121.3622.02
Year 4 PV (M)20.8221.6922.59
Year 5 PV (M)20.5221.6022.72
PV of Terminal Value (M)223.64235.36247.57
Equity Value (M)324.43339.34354.83
Shares Outstanding (M)41.6441.6441.64
Fair Value$7.79$8.15$8.52
Upside / Downside-80.11%-79.20%-78.25%

High-Yield Dividend Screener

« Prev Page 37 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
030200.KSKT Corporation4.28%$2,195.0057.50%
0QL7.LCompagnie Financière Tradition S.A.4.28%$12.3042.79%
603788.SSNingbo Gaofa Automotive Control System Co., Ltd.4.28%$0.7080.53%
CONCHATORO.SNViña Concha y Toro S.A.4.28%$43.5341.21%
EDHN.SWEnergiedienst Holding AG4.28%$1.6927.11%
LHPF.BKLand and Houses Freehold and Leasehold Property Fund4.28%$0.2228.94%
003816.SZCGN Power Co., Ltd.4.27%$0.1686.16%
033920.KSMuhak Co., Ltd.4.27%$390.0321.54%
0NWC.Lsecunet Security Networks AG4.27%$7.8278.31%
HAKI-B.STHAKI Safety AB (publ)4.27%$0.9165.00%
ULG.WAUltimate Games S.A.4.27%$0.5063.41%
0QQ6.LRoche Holding AG4.26%$14.3770.63%
3287.THoshino Resorts REIT, Inc.4.26%$11,118.4364.80%
4161.SRBin Dawood Holding Company4.26%$0.2086.85%
600548.SSShenzhen Expressway Corporation Limited4.26%$0.3776.64%
0F8V.LAkwel4.25%$0.3514.62%
GGPS3.SAGPS Participações e Empreendimentos S.A.4.25%$0.6869.54%
NNGF.DENational Grid plc4.25%$0.5760.16%
002352.SZS.F. Holding Co., Ltd.4.24%$1.6375.31%
075180.KSSaeron Automotive Corporation4.24%$139.9669.90%
3052.TWApex Science & Engineering Corp.4.24%$0.5142.05%
600874.SSTianjin Capital Environmental Protection Group Company Limited4.24%$0.2547.55%
603277.SSYindu Kitchen Equipment Co., Ltd4.24%$0.7181.68%
6436.TAmano Corporation4.24%$178.4472.65%
IFI.WAIfirma S.A.4.24%$1.4070.58%
INA.AXIngenia Communities Group4.24%$0.2263.81%
000685.SZZhongshan Public Utilities Group Co.,Ltd.4.23%$0.4952.11%
BRAV.STBravida Holding AB (publ)4.23%$3.7466.06%
DBG.PADerichebourg S.A.4.23%$0.2922.71%
EZZ.AXEZZ Life Science Holdings Limited4.23%$0.0621.17%
INTB3.SAIntelbras S.A. - Indústria de Telecomunicação Eletrônica Brasileira4.23%$0.4933.98%
078000.KSTelcoware Co.,Ltd.4.22%$636.2960.41%
0QQY.LMobimo Holding AG4.22%$10.1529.78%
2337.HKUnited Strength Power Holdings Limited4.22%$0.0729.24%
284740.KSCUCKOO Homesys Co., Ltd4.22%$1,000.3319.58%
603195.SSGoneo Group Co., Ltd.4.22%$1.7277.84%
8972.TKDX Realty Investment Corporation4.22%$7,423.1334.15%
ALOS3.SAAllos S.A.4.22%$1.2081.15%
VVL.OLVoss Veksel- og Landmandsbank ASA4.22%$17.0543.31%
600361.SSInnovation New Material Technology Co., Ltd. Class A4.21%$0.1877.50%
603008.SSXilinmen Furniture Co.,Ltd4.21%$0.8692.46%
PJAA.JKPT Pembangunan Jaya Ancol Tbk4.21%$24.0027.50%
SPC.BKSaha Pathanapibul Public Company Limited4.21%$2.4230.73%
603365.SSShanghai Shuixing Home Textile Co., Ltd.4.20%$0.8864.58%
6275.TWOYen Sun Technology Corporation4.20%$2.2581.25%
CULTIBAB.MXOrganización Cultiba, S.A.B. de C.V.4.20%$0.5024.67%
HEID.SWHeidelbergCement AG4.20%$3.3031.09%
002597.SZAnhui Jinhe Industrial Co.,Ltd.4.19%$0.8788.56%
003780.KSChin Yang Industry Co., Ltd.4.19%$281.3537.66%
CWC.DECEWE Stiftung & Co. KGaA4.19%$4.2753.25%