Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

Farmland Partners Inc. (FPI)

Company Dividend Discount ModelIndustry: REIT - SpecialtySector: Real Estate

Valuation Snapshot

Stable Growth$49.75 - $275.38$95.66
Multi-Stage$30.29 - $33.02$31.63
Blended Fair Value$63.64
Current Price$10.88
Upside484.96%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS28.49%29.28%0.430.250.000.130.120.120.470.360.130.09
YoY Growth--76.24%0.00%-100.00%7.03%-3.80%-73.70%30.23%173.24%49.05%166.91%
Dividend Yield--3.90%2.27%0.00%0.93%1.07%2.05%7.13%4.34%1.19%0.83%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)68.87
(-) Cash Dividends Paid (M)64.05
(=) Cash Retained (M)4.82
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)13.778.615.17
Cash Retained (M)4.824.824.82
(-) Cash Required (M)-13.77-8.61-5.17
(=) Excess Retained (M)-8.95-3.79-0.34
(/) Shares Outstanding (M)49.7449.7449.74
(=) Excess Retained per Share-0.18-0.08-0.01
LTM Dividend per Share1.291.291.29
(+) Excess Retained per Share-0.18-0.08-0.01
(=) Adjusted Dividend1.111.211.28
WACC / Discount Rate7.85%7.85%7.85%
Growth Rate5.50%6.50%7.50%
Fair Value$49.75$95.66$275.38
Upside / Downside357.29%779.20%2,431.06%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)68.8773.3578.1183.1988.6094.3697.19
Payout Ratio93.00%92.40%91.80%91.20%90.60%90.00%92.50%
Projected Dividends (M)64.0567.7771.7175.8780.2784.9289.90

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.85%7.85%7.85%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)62.2562.8463.43
Year 2 PV (M)60.5061.6562.81
Year 3 PV (M)58.7960.4862.20
Year 4 PV (M)57.1459.3361.59
Year 5 PV (M)55.5258.2060.99
PV of Terminal Value (M)1,212.121,270.671,331.45
Equity Value (M)1,506.321,573.171,642.47
Shares Outstanding (M)49.7449.7449.74
Fair Value$30.29$31.63$33.02
Upside / Downside178.36%190.72%203.52%

High-Yield Dividend Screener

« Prev Page 38 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
INDF.JKPT Indofood Sukses Makmur Tbk4.19%$280.0031.67%
RBD.AXRestaurant Brands New Zealand Limited4.19%$0.1842.75%
002091.SZJiangsu Guotai International Group Co., Ltd.4.18%$0.3863.98%
017390.KSSeoul City Gas Co., Ltd.4.18%$2,547.5926.43%
ALITL.PAIT Link S.A.4.18%$0.9222.65%
P9D.SICivmec Limited4.18%$0.0538.60%
PJW.BKPanjawattana Plastic Public Company Limited4.18%$0.0933.50%
123890.KSKorea Asset In Trust Co., Ltd.4.17%$100.0820.69%
2729.TWOTTFB Company Limited4.17%$7.3393.07%
6599.KLAeon Co. (M) Bhd.4.17%$0.0553.15%
6967.TWOTrans-Sun Materials Technology Company Limited4.17%$2.8579.87%
9619.SRMulti Business Group Co.4.17%$0.4315.41%
AMAR.JKPT Bank Amar Indonesia Tbk4.17%$9.1671.61%
OLVAS.HEOlvi Oyj4.17%$1.2949.21%
003570.KSSnt Dynamics Co.,Ltd.4.16%$1,868.8054.81%
090350.KSNOROO PAINT & COATINGS Co., Ltd.4.16%$349.9536.31%
3613.HKBeijing Tong Ren Tang Chinese Medicine Company Limited4.16%$0.3556.85%
ALVIV.PAVisiativ S.A.4.16%$1.5433.81%
BCH-R.BKBangkok Chain Hospital Public Company Limited4.16%$0.4383.13%
CMRECostamare Inc.4.16%$0.6524.42%
601336.SSNew China Life Insurance Company Ltd.4.15%$2.9023.52%
005500.KSSamjin Pharmaceuticals Co., Ltd.4.14%$800.5749.67%
600710.SSSumec Corporation Limited4.14%$0.4546.72%
603611.SSNoblelift Intelligent Equipment Co.,Ltd.4.14%$1.0152.65%
8463.TWRuentex Materials Co.,Ltd.4.14%$1.1051.49%
CEYE.BKChamni's Eye Public Company Limited4.14%$0.0864.18%
ORIA.PAFiducial Real Estate S.A.4.14%$6.9628.28%
SWA.DESchloss Wachenheim AG4.14%$0.6050.24%
000686.SZNortheast Securities Co., Ltd.4.13%$0.3861.41%
001680.KSDaesang Corporation4.13%$850.3931.24%
1931.HKIVD Medical Holding Limited4.13%$0.1038.64%
6183.TBELLSYSTEM24 Holdings, Inc.4.13%$59.5554.01%
PSI.AXPSC Insurance Group Limited4.13%$0.2683.22%
0QOL.LKardex Holding AG4.12%$11.3958.10%
600284.SSShanghai Pudong Construction Co.,Ltd.4.12%$0.3590.03%
004450.KSSamhwa Crown & Closure Co., Ltd4.11%$1,204.0140.73%
0KGY.LBTS Group AB (publ)4.11%$5.9033.91%
3406.TWGenius Electronic Optical Co., Ltd4.11%$17.9859.96%
ABS2.DEPORR AG4.11%$1.3446.75%
CCU.SNCompañía Cervecerías Unidas S.A.4.11%$238.7464.77%
2858.HKYixin Group Limited4.10%$0.1043.79%
4081.SRNayifat Finance Company4.10%$0.5062.31%
688628.SSUni-Trend Technology (China) Co., Ltd.4.10%$1.3187.50%
7994.TOkamura Corporation4.10%$94.0341.44%
PKN.WAPolski Koncern Naftowy ORLEN Spólka Akcyjna4.10%$4.1544.90%
TRSB.OLTrøndelag Sparebank4.10%$4.7931.67%
1409.TWShinkong Synthetic Fibers Corporation4.09%$0.6050.43%
4904.TWFar EasTone Telecommunications Co., Ltd.4.09%$3.6495.25%
601872.SSChina Merchants Energy Shipping Co., Ltd.4.09%$0.3758.88%
UGPA3.SAUltrapar Participações S.A.4.09%$0.8632.00%