Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Periods / Units / Analysis

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)2,177.942,290.122,406.88
Equity Value (M)2,613.232,738.902,869.51
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 47 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
4588.KLUMW Holdings Berhad3.46%$0.1722.64%
600039.SSSichuan Road & Bridge Co.,Ltd3.46%$0.3438.73%
6179.TWOATE Energy International Co., Ltd.3.46%$1.0161.93%
CCECCapital Clean Energy Carriers Corp.3.46%$0.7114.75%
PPGL.JKPT Prima Globalindo Logistik Tbk3.46%$6.5459.35%
4280.SRKingdom Holding Company3.45%$0.2761.01%
4731.KLScientex Berhad3.45%$0.1235.19%
600956.SSChina Suntien Green Energy Corporation Limited3.45%$0.2560.39%
9310.TJapan Transcity Corporation3.45%$39.1840.54%
A2B.AXA2B Australia Limited3.45%$0.0510.73%
JUBILE.BKJubilee Enterprise Public Company Limited3.45%$0.2442.76%
OBS.DEOrbis AG3.45%$0.2029.66%
SNGR.LSNGN Romgaz S.A.3.45%$0.3545.29%
T.MEIPJSC T-Technologies3.45%$108.9019.03%
002546.SZNanjing Xinlian Electronics Co., Ltd3.44%$0.2428.69%
003010.KSHaein Corporation3.44%$184.3018.44%
1861.HKPrecious Dragon Technology Holdings Limited3.44%$0.0713.56%
2M6.DEMedtronic plc3.44%$2.8175.86%
353810.KQEASY BIO,Inc.3.44%$200.0033.23%
4523.TEisai Co., Ltd.3.44%$160.1791.46%
8951.TNippon Building Fund Incorporation3.44%$4,915.8152.71%
OND.WAOnde S.A.3.44%$0.3087.35%
4540.TTsumura & Co.3.43%$139.6637.89%
6764.TWOAce Edulink Co., Ltd.3.43%$1.0084.07%
688366.SSShanghai Haohai Biological Technology Co., Ltd.3.43%$1.5189.50%
9028.TZERO Co., Ltd.3.43%$138.3233.30%
MGLU3.SAMagazine Luiza S.A.3.43%$0.3061.17%
002555.SZ37 Interactive Entertainment Network Technology Group Co., Ltd.3.42%$0.8156.85%
002993.SZDongguan Aohai Technology Co., Ltd.3.42%$1.5079.56%
2472.TWLelon Electronics Corp.3.42%$4.0255.54%
3060.SRYanbu Cement Company3.42%$0.5071.47%
3116.TToyota Boshoku Corporation3.42%$85.9881.58%
4299.THIMACS, Ltd.3.42%$44.9543.10%
CGAS3.SACompanhia de Gás de São Paulo - COMGÁS3.42%$4.1133.65%
HSN.AXHansen Technologies Limited3.42%$0.1857.93%
2291.HKLEPU ScienTech Medical Technology (Shanghai) Co., Ltd.3.41%$0.5638.72%
3355.TKuriyama Holdings Corporation3.41%$56.5527.28%
600638.SSShanghai New Huang Pu Industrial Group Co., Ltd.3.41%$0.2291.32%
OFSS.BOOracle Financial Services Software Limited3.41%$263.6797.03%
SVI.BKSVI Public Company Limited3.41%$0.2562.32%
2428.TWellnet Corporation3.40%$22.0138.29%
600572.SSZhejiang CONBA Pharmaceutical Co.,Ltd.3.40%$0.1555.59%
601216.SSInner Mongolia Junzheng Energy & Chemical Group Co.,Ltd.3.40%$0.1641.07%
7447.TNagaileben Co., Ltd.3.40%$61.1173.38%
AHOG.DEKoninklijke Ahold Delhaize N.V.3.40%$1.1951.79%
CRC-R.BKCentral Retail Corporation Public Company Limited3.40%$0.6152.01%
SSM.AXService Stream Limited3.40%$0.0853.67%
TGHTextainer Group Holdings Limited3.40%$1.7034.66%
TRA.AXTurners Automotive Group Limited3.40%$0.2439.34%
0RD8.LXior Student Housing N.V.3.39%$0.9949.30%