Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker / Industry / Sector

KeyCorp (KEY)

Company Dividend Discount ModelIndustry: Banks - RegionalSector: Financial Services

Valuation Snapshot

Stable Growth$10.11 - $15.85$12.74
Multi-Stage$13.16 - $14.34$13.74
Blended Fair Value$13.24
Current Price$18.69
Upside-29.16%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS2.89%14.47%0.860.850.800.770.770.750.610.450.310.25
YoY Growth--1.76%6.67%3.77%-0.72%3.11%22.56%36.67%43.28%25.47%11.25%
Dividend Yield--5.40%5.48%6.35%3.43%3.87%7.22%3.74%2.29%1.76%2.25%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,075.00
(-) Cash Dividends Paid (M)1,030.00
(=) Cash Retained (M)45.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)215.00134.3880.63
Cash Retained (M)45.0045.0045.00
(-) Cash Required (M)-215.00-134.38-80.63
(=) Excess Retained (M)-170.00-89.38-35.63
(/) Shares Outstanding (M)1,073.461,073.461,073.46
(=) Excess Retained per Share-0.16-0.08-0.03
LTM Dividend per Share0.960.960.96
(+) Excess Retained per Share-0.16-0.08-0.03
(=) Adjusted Dividend0.800.880.93
WACC / Discount Rate9.89%9.89%9.89%
Growth Rate1.82%2.82%3.82%
Fair Value$10.11$12.74$15.85
Upside / Downside-45.91%-31.81%-15.22%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,075.001,105.351,136.561,168.661,201.651,235.581,272.65
Payout Ratio95.81%94.65%93.49%92.33%91.16%90.00%92.50%
Projected Dividends (M)1,030.001,046.231,062.561,078.971,095.461,112.021,177.20

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.89%9.89%9.89%
Growth Rate1.82%2.82%3.82%
Year 1 PV (M)942.78952.04961.30
Year 2 PV (M)862.82879.85897.05
Year 3 PV (M)789.52813.01836.96
Year 4 PV (M)722.33751.13780.77
Year 5 PV (M)660.75693.84728.24
PV of Terminal Value (M)10,147.2410,655.4011,183.72
Equity Value (M)14,125.4414,745.2715,388.04
Shares Outstanding (M)1,073.461,073.461,073.46
Fair Value$13.16$13.74$14.34
Upside / Downside-29.59%-26.50%-23.30%

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%