Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

National Health Investors, Inc. (NHI)

Company Dividend Discount ModelIndustry: REIT - Healthcare FacilitiesSector: Real Estate

Valuation Snapshot

Stable Growth$30.41 - $47.33$38.22
Multi-Stage$56.27 - $61.79$58.98
Blended Fair Value$48.60
Current Price$79.50
Upside-38.87%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-2.73%4.51%3.373.363.483.944.193.873.563.302.982.68
YoY Growth--0.17%-3.42%-11.55%-6.00%8.26%8.68%8.07%10.66%10.95%23.85%
Dividend Yield--4.56%5.45%6.75%6.67%5.80%7.82%4.55%4.90%4.10%4.04%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)147.26
(-) Cash Dividends Paid (M)80.38
(=) Cash Retained (M)66.88
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)29.4518.4111.04
Cash Retained (M)66.8866.8866.88
(-) Cash Required (M)-29.45-18.41-11.04
(=) Excess Retained (M)37.4348.4755.83
(/) Shares Outstanding (M)46.4446.4446.44
(=) Excess Retained per Share0.811.041.20
LTM Dividend per Share1.731.731.73
(+) Excess Retained per Share0.811.041.20
(=) Adjusted Dividend2.542.772.93
WACC / Discount Rate7.32%7.32%7.32%
Growth Rate-0.95%0.05%1.05%
Fair Value$30.41$38.22$47.33
Upside / Downside-61.75%-51.92%-40.47%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)147.26147.33147.41147.49147.57147.65152.07
Payout Ratio54.58%61.67%68.75%75.83%82.92%90.00%92.50%
Projected Dividends (M)80.3890.86101.35111.85122.36132.88140.67

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.32%7.32%7.32%
Growth Rate-0.95%0.05%1.05%
Year 1 PV (M)83.8284.6685.51
Year 2 PV (M)86.2588.0089.77
Year 3 PV (M)87.8190.5093.24
Year 4 PV (M)88.6292.2596.00
Year 5 PV (M)88.7893.3698.12
PV of Terminal Value (M)2,177.912,290.092,406.84
Equity Value (M)2,613.192,738.862,869.48
Shares Outstanding (M)46.4446.4446.44
Fair Value$56.27$58.98$61.79
Upside / Downside-29.22%-25.82%-22.28%

High-Yield Dividend Screener

« Prev Page 44 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
600583.SSOffshore Oil Engineering Co.,Ltd3.66%$0.2043.97%
601038.SSFirst Tractor Company Limited3.66%$0.5271.49%
601083.SSShanghai Jinjiang Shipping (Group) Co., Ltd.3.66%$0.4135.56%
601860.SSJiangsu Zijin Rural Commercial Bank Co.,Ltd3.66%$0.1025.05%
ENTEL.SNEmpresa Nacional de Telecomunicaciones S.A.3.66%$179.3263.27%
GGRM.JKPT Gudang Garam Tbk3.66%$500.0087.83%
GOB.DECompagnie de Saint-Gobain S.A.3.66%$3.1932.66%
HCLTECH.BOHCL Technologies Limited3.66%$60.0195.42%
LDA.MCLínea Directa Aseguradora, S.A.3.66%$0.0445.97%
QUB.AXQube Holdings Limited3.66%$0.1892.53%
RCIRogers Communications Inc.3.66%$1.3911.08%
RYRoyal Bank of Canada3.66%$6.2443.22%
VTWR.DEVantage Towers AG3.66%$1.1972.52%
2103.TWTSRC Corporation3.65%$0.5586.36%
383800.KSLX Holdings Corp.3.65%$289.9515.18%
3978.HKChina Beststudy Education Group3.65%$0.1427.04%
4952.TWGeneralplus Technology Inc.3.65%$1.2983.85%
QAL.AXQualitas Limited3.65%$0.1366.09%
300628.SZYealink Network Technology Co., Ltd.3.64%$1.3064.58%
688517.SSJinGuan Electric Co., Ltd.3.64%$0.5791.64%
CEZ.PRCEZ, a. s.3.64%$47.1187.97%
EB5.SIFirst Resources Limited3.64%$0.0840.25%
HEIJM.ASKoninklijke Heijmans N.V.3.64%$2.5236.26%
NOVN.SWNovartis AG3.64%$3.9954.32%
0631.HKSany Heavy Equipment International Holdings Company Limited3.63%$0.3138.50%
0MT8.LDrägerwerk AG & Co. KGaA3.63%$2.0031.00%
0N9Z.LEVS Broadcast Equipment S.A.3.63%$1.3426.19%
267980.KQMaeil Dairies Co., Ltd.3.63%$1,244.0920.37%
600968.SSCNOOC Energy Technology & Services Limited3.63%$0.1437.04%
AALI.JKPT Astra Agro Lestari Tbk3.63%$267.9736.41%
EKTER.ATEkter S.A.3.63%$0.1322.08%
IGM.TOIGM Financial Inc.3.63%$2.2551.57%
018670.KSSK Gas Co., Ltd.3.62%$7,934.7324.18%
0RGI.LCosmo Pharmaceuticals N.V.3.62%$3.8148.74%
101530.KSHaitai Confectionery&Foods Co.,ltd.3.62%$250.1327.55%
230360.KQEchomarketing Co.,Ltd.3.62%$503.2355.69%
SANB11.SABanco Santander (Brasil) S.A.3.62%$1.2276.05%
SBSP3.SACompanhia de Saneamento Básico do Estado de São Paulo - SABESP3.62%$4.8245.66%
000786.SZBeijing New Building Materials Public Limited Company3.61%$0.9049.35%
003013.SZGuangzhou Metro Design & Research Institute Co., Ltd.3.61%$0.5137.72%
272550.KSSamyang Packaging Corporation3.61%$482.8352.27%
300908.SZZhongjing Food Co., Ltd.3.61%$1.0081.13%
4188.TMitsubishi Chemical Group Corporation3.61%$33.0539.87%
600332.SSGuangzhou Baiyunshan Pharmaceutical Holdings Company Limited3.61%$0.9350.53%
600742.SSChangchun FAWAY Automobile Components Co.,Ltd3.61%$0.3653.61%
600928.SSBank of Xi'an Co.,Ltd.3.61%$0.1322.27%
CTD.AXCorporate Travel Management Limited3.61%$0.5847.61%
SAMTEL.BKSamart Telcoms Public Company Limited3.61%$0.1583.39%
0K9W.ILHuhtamäki Oyj3.60%$1.0756.07%
0M6I.LHeijmans N.V.3.60%$2.5236.26%