Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker / Industry / Sector

ChoiceOne Financial Services, Inc. (COFS)

Company Dividend Discount ModelIndustry: Banks - RegionalSector: Financial Services

Valuation Snapshot

Stable Growth$73.23 - $345.33$161.59
Multi-Stage$40.19 - $43.88$42.00
Blended Fair Value$101.80
Current Price$28.96
Upside251.51%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS9.16%16.57%0.730.640.610.580.500.470.210.190.180.18
YoY Growth--13.93%4.38%5.25%16.62%6.17%125.39%11.02%4.17%2.81%11.57%
Dividend Yield--2.53%2.39%2.43%2.32%2.08%1.85%0.80%0.77%0.86%0.82%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)21.47
(-) Cash Dividends Paid (M)15.11
(=) Cash Retained (M)6.36
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)4.292.681.61
Cash Retained (M)6.366.366.36
(-) Cash Required (M)-4.29-2.68-1.61
(=) Excess Retained (M)2.073.684.75
(/) Shares Outstanding (M)12.3612.3612.36
(=) Excess Retained per Share0.170.300.38
LTM Dividend per Share1.221.221.22
(+) Excess Retained per Share0.170.300.38
(=) Adjusted Dividend1.391.521.61
WACC / Discount Rate7.50%7.50%7.50%
Growth Rate5.50%6.50%7.50%
Fair Value$73.23$161.59$345.33
Upside / Downside152.86%457.99%1,092.42%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)21.4722.8624.3525.9327.6229.4130.30
Payout Ratio70.38%74.30%78.23%82.15%86.08%90.00%92.50%
Projected Dividends (M)15.1116.9919.0521.3023.7726.4728.02

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.50%7.50%7.50%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)15.6515.8015.95
Year 2 PV (M)16.1716.4816.79
Year 3 PV (M)16.6717.1517.64
Year 4 PV (M)17.1417.8018.48
Year 5 PV (M)17.5918.4419.32
PV of Terminal Value (M)413.64433.62454.36
Equity Value (M)496.87519.29542.54
Shares Outstanding (M)12.3612.3612.36
Fair Value$40.19$42.00$43.88
Upside / Downside38.77%45.03%51.53%

High-Yield Dividend Screener

« Prev Page 48 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
3269.TAdvance Residence Investment Corporation3.39%$5,804.0552.10%
CTZ.VNamSys Inc.3.39%$0.0556.26%
FILTRA.BOFiltra Consultants and Engineers Limited3.39%$2.4484.66%
INWI.STInwido AB (publ)3.39%$5.4860.02%
000422.SZHubei Yihua Chemical Industry Co., Ltd.3.38%$0.4872.32%
002318.SZZhejiang Jiuli Hi-Tech Metals Co., Ltd.3.38%$0.9854.31%
002533.SZGold cup Electric Apparatus Co.,Ltd.3.38%$0.4250.59%
003490.KSKorean Air Lines Co., Ltd.3.38%$750.2629.70%
600578.SSBeijing Jingneng Power Co., Ltd.3.38%$0.1733.20%
601811.SSXinhua Winshare Publishing and Media Co., Ltd.3.38%$0.4534.30%
7270.TSubaru Corporation3.38%$114.7827.17%
JHGJanus Henderson Group plc3.38%$1.6146.72%
002714.SZMuyuan Foods Co., Ltd.3.37%$1.7041.84%
019210.KQYG-1 Co., Ltd.3.37%$174.8833.83%
1954.TNippon Koei Co., Ltd.3.37%$126.0437.37%
7TEC.BOSaven Technologies Limited3.37%$1.5048.59%
8252.TMarui Group Co., Ltd.3.37%$108.4166.71%
9739.TNSW Inc.3.37%$85.1035.17%
0JMU.Ltechnotrans SE3.36%$1.1552.64%
4321.SRArabian Centres Company3.36%$0.6424.31%
600141.SSHubei Xingfa Chemicals Group Co., Ltd.3.36%$1.1683.90%
601825.SSShanghai Rural Commercial Bank Co., Ltd.3.36%$0.3124.33%
KC4.DEKONE Oyj3.36%$1.8095.42%
OTEXOpen Text Corporation3.36%$1.0755.28%
294870.KSHDC Hyundai Development Company3.35%$700.0023.41%
4212.TSekisui Jushi Corporation3.35%$71.2959.28%
B61.SIBukit Sembawang Estates Limited3.35%$0.1636.24%
CAMB.BRCampine N.V.3.35%$7.6318.23%
ELIS.PAElis S.A.3.35%$0.8033.62%
KREATE.HEKreate Group Oyj3.35%$0.4379.17%
M12.DEM1 Kliniken AG3.35%$0.6132.73%
XGR2.DECompass Group PLC3.35%$0.9061.67%
004430.KSSongwon Industrial Co., Ltd.3.34%$301.2433.59%
0N66.LATOSS Software AG3.34%$3.8280.44%
6219.TWOFull Wang International Development Co., Ltd.3.34%$0.6777.89%
9537.SRAmwaj International Company3.34%$1.0094.38%
AMATAV.BKAmata VN Public Company Limited3.34%$0.0621.41%
EOAN.DEE.on Se3.34%$0.5547.88%
030190.KQNICE Information Service Co., Ltd.3.33%$331.9538.71%
089470.KSHDC Hyundai Engineering Plastics Co., Ltd.3.33%$140.0111.49%
2373.HKBeauty Farm Medical and Health Industry Inc.3.33%$0.8841.42%
600258.SSBTG Hotels (Group) Co., Ltd.3.33%$0.5674.23%
601518.SSJilin Expressway Co., Ltd.3.33%$0.0932.60%
6584.TSanoh Industrial Co., Ltd.3.33%$28.5739.95%
6843.TWOJDV Control Valves Co., Ltd.3.33%$1.9085.01%
ARASE.ISDogu Aras Enerji Yatirimlari AS3.33%$2.3841.72%
AZA.STAvanza Bank Holding AB (publ)3.33%$11.7070.53%
BAY-R.BKBank of Ayudhya Public Company Limited3.33%$0.8720.61%
SL.MISanlorenzo S.p.A.3.33%$1.0133.16%
STNGScorpio Tankers Inc.3.33%$1.6528.37%