Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker / Industry / Sector

Globe Life Inc. 4.25% Junior Su (GL-PD)

Company Dividend Discount ModelIndustry: Insurance - LifeSector: Financial Services

Valuation Snapshot

Stable Growth$150.43 - $241.45$191.58
Multi-Stage$156.55 - $171.42$163.85
Blended Fair Value$177.71
Current Price$142.97
Upside24.30%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS2.88%2.78%1.021.010.960.960.940.890.860.820.800.80
YoY Growth--1.63%4.43%0.63%2.37%5.40%3.87%3.76%2.84%0.05%2.91%
Dividend Yield--0.78%0.88%0.88%0.95%0.97%1.23%1.02%0.98%1.04%1.48%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,150.35
(-) Cash Dividends Paid (M)84.59
(=) Cash Retained (M)1,065.76
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)230.07143.7986.28
Cash Retained (M)1,065.761,065.761,065.76
(-) Cash Required (M)-230.07-143.79-86.28
(=) Excess Retained (M)835.69921.97979.49
(/) Shares Outstanding (M)83.5183.5183.51
(=) Excess Retained per Share10.0111.0411.73
LTM Dividend per Share1.011.011.01
(+) Excess Retained per Share10.0111.0411.73
(=) Adjusted Dividend11.0212.0512.74
WACC / Discount Rate10.32%10.32%10.32%
Growth Rate2.79%3.79%4.79%
Fair Value$150.43$191.58$241.45
Upside / Downside5.22%34.00%68.88%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,150.351,193.901,239.101,286.021,334.701,385.241,426.79
Payout Ratio7.35%23.88%40.41%56.94%73.47%90.00%92.50%
Projected Dividends (M)84.59285.13500.75732.27980.621,246.711,319.78

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate10.32%10.32%10.32%
Growth Rate2.79%3.79%4.79%
Year 1 PV (M)255.98258.47260.96
Year 2 PV (M)403.58411.47419.44
Year 3 PV (M)529.84545.46561.38
Year 4 PV (M)636.98662.14688.03
Year 5 PV (M)727.03763.09800.57
PV of Terminal Value (M)10,520.3111,042.1211,584.44
Equity Value (M)13,073.7313,682.7514,314.81
Shares Outstanding (M)83.5183.5183.51
Fair Value$156.55$163.85$171.42
Upside / Downside9.50%14.60%19.90%

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%