Definitive Analysis
Definitive Analysis

Financial Statements

Fundamentals

Valuations

Miscellaneous

Analysis Mode

Search

WAM Research Limited (WAX.AX)

Company Dividend Discount ModelIndustry: Asset ManagementSector: Financial Services

Valuation Snapshot

Stable Growth$14.34 - $23.95$18.57
Multi-Stage$23.02 - $25.31$24.14
Blended Fair Value$21.36
Current Price$1.11
Upside1,824.00%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS2.32%6.87%0.080.080.080.080.080.080.070.070.060.05
YoY Growth--3.20%2.53%2.51%1.53%1.86%4.69%6.68%13.77%15.08%18.45%
Dividend Yield--7.62%7.66%7.54%6.00%4.66%5.71%5.30%4.47%3.93%3.82%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)247.52
(-) Cash Dividends Paid (M)25.58
(=) Cash Retained (M)221.94
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)49.5030.9418.56
Cash Retained (M)221.94221.94221.94
(-) Cash Required (M)-49.50-30.94-18.56
(=) Excess Retained (M)172.44191.00203.38
(/) Shares Outstanding (M)203.64203.64203.64
(=) Excess Retained per Share0.850.941.00
LTM Dividend per Share0.130.130.13
(+) Excess Retained per Share0.850.941.00
(=) Adjusted Dividend0.971.061.12
WACC / Discount Rate7.13%7.13%7.13%
Growth Rate0.32%1.32%2.32%
Fair Value$14.34$18.57$23.95
Upside / Downside1,191.83%1,572.92%2,057.79%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)247.52250.80254.12257.49260.90264.35272.28
Payout Ratio10.33%26.27%42.20%58.13%74.07%90.00%92.50%
Projected Dividends (M)25.5865.88107.24149.69193.24237.92251.86

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.13%7.13%7.13%
Growth Rate0.32%1.32%2.32%
Year 1 PV (M)60.8961.5062.10
Year 2 PV (M)91.6193.4595.30
Year 3 PV (M)118.18121.75125.39
Year 4 PV (M)141.01146.72152.60
Year 5 PV (M)160.46168.62177.11
PV of Terminal Value (M)4,115.254,324.474,542.13
Equity Value (M)4,687.414,916.515,154.63
Shares Outstanding (M)203.64203.64203.64
Fair Value$23.02$24.14$25.31
Upside / Downside1,973.72%2,075.07%2,180.41%

High-Yield Dividend Screener

« Prev Page 45 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
558.SIUMS Holdings Limited3.60%$0.0588.87%
601019.SSShandong Publishing&Media Co.,Ltd3.60%$0.3141.99%
603233.SSDaShenLin Pharmaceutical Group Co., Ltd.3.60%$0.6463.21%
603658.SSAutobio Diagnostics Co., Ltd.3.60%$1.2766.33%
603661.SSHenglin Home Furnishings Co.,Ltd3.60%$1.1557.55%
6371.TTsubakimoto Chain Co.3.60%$83.2737.31%
FSMART.BKForth Smart Service Public Company Limited3.60%$0.2331.86%
KABE-B.STKABE Group AB (publ.)3.60%$8.0076.60%
SKLT.JKPT Sekar Laut Tbk3.60%$9.0042.24%
TFMAMA.BKThai President Foods Public Company Limited3.60%$6.9357.58%
002469.SZShandong Sunway Chemical Group Co., Ltd.3.59%$0.3072.05%
216050.KQIncross Co., Ltd.3.59%$241.9426.78%
2845.TWFar Eastern International Bank Ltd.3.59%$0.4654.51%
6461.TNippon Piston Ring Co., Ltd.3.59%$68.2725.12%
7751.TCanon Inc.3.59%$166.4591.69%
E4C.DEEcotel Communication Ag3.59%$0.4282.27%
LHA.DEDeutsche Lufthansa AG3.59%$0.3122.46%
NTBThe Bank of N.T. Butterfield & Son Limited3.59%$1.7833.40%
SVOA.BKSVOA Public Company Limited3.59%$0.0521.40%
TRAC-B.STAB Traction3.59%$9.0082.36%
0IX0.LGL Events S.A.3.58%$1.0420.20%
0QNG.LJungfraubahn Holding AG3.58%$10.2542.20%
3231.TNomura Real Estate Holdings, Inc.3.58%$34.6440.45%
4106.TWWellell Inc.3.58%$0.8058.20%
EIK.ICEik fasteignafélag hf.3.58%$0.5024.04%
053690.KSHanmiGlobal Co., Ltd.3.57%$642.0628.05%
286940.KSLotte Innovate Co Ltd3.57%$699.8899.32%
601158.SSChongqing Water Group Co.,Ltd.3.57%$0.1691.61%
ILC.SNInversiones La Construcción S.A.3.57%$650.4128.71%
058850.KSKtcs Corporation3.56%$100.0915.29%
1294.TWOHantech Bio-Technology Co., Ltd.3.56%$2.8166.03%
3283.TNippon Prologis REIT, Inc.3.56%$3,304.8853.00%
688121.SSShanghai Supezet Engineering Technology Corp., Ltd.3.56%$0.3973.41%
EMIRATESNBD.AEEmirates NBD Bank PJSC3.56%$1.0228.25%
FLEXO.ATFlexopack Société Anonyme Commercial and Industrial Plastics Company3.56%$0.3017.58%
006040.KSDongwon Industries Co., Ltd.3.55%$1,474.3049.91%
2715.TElematec Corporation3.55%$84.9964.74%
3700.HKInkeverse Group Limited3.55%$0.0411.74%
600958.SSOrient Securities Company Limited3.55%$0.3963.25%
7955.TCleanup Corporation3.55%$31.0045.30%
ISAT.JKPT Indosat Ooredoo Hutchison Tbk3.55%$83.7958.49%
PBSA.JKPT Paramita Bangun Sarana Tbk3.55%$55.0071.03%
004800.KSHyosung Corporation3.54%$3,986.8920.54%
6414.TWEnnoconn Corporation3.54%$10.1352.07%
WIHL.STWihlborgs Fastigheter AB (publ)3.54%$3.2044.13%
002081.SZSuzhou Gold Mantis Construction Decoration Co., Ltd.3.53%$0.1270.03%
0RHV.LInvestis Holding S.A.3.53%$5.1018.83%
2760.TTokyo Electron Device Limited3.53%$119.8646.59%
5515.TWChien Kuo Construction Co., Ltd.3.53%$1.2751.00%
600603.SSGuanghui Logistics Co.Ltd3.53%$0.2263.76%