Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

SouthState Corporation (SSB)

Company Dividend Discount ModelIndustry: Banks - RegionalSector: Financial Services

Valuation Snapshot

Stable Growth$165.37 - $422.28$249.88
Multi-Stage$115.32 - $125.94$120.53
Blended Fair Value$185.21
Current Price$98.87
Upside87.32%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS23.07%23.47%1.701.631.541.421.030.600.530.400.310.25
YoY Growth--4.30%6.49%8.37%37.74%70.30%14.12%30.90%31.89%23.51%19.84%
Dividend Yield--1.84%1.96%2.15%1.74%1.31%1.03%0.75%0.47%0.34%0.39%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)695.12
(-) Cash Dividends Paid (M)212.53
(=) Cash Retained (M)482.59
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)139.0286.8952.13
Cash Retained (M)482.59482.59482.59
(-) Cash Required (M)-139.02-86.89-52.13
(=) Excess Retained (M)343.56395.70430.45
(/) Shares Outstanding (M)95.5495.5495.54
(=) Excess Retained per Share3.604.144.51
LTM Dividend per Share2.222.222.22
(+) Excess Retained per Share3.604.144.51
(=) Adjusted Dividend5.826.376.73
WACC / Discount Rate9.21%9.21%9.21%
Growth Rate5.50%6.50%7.50%
Fair Value$165.37$249.88$422.28
Upside / Downside67.26%152.74%327.10%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)695.12740.31788.43839.67894.25952.38980.95
Payout Ratio30.58%42.46%54.35%66.23%78.12%90.00%92.50%
Projected Dividends (M)212.53314.33428.47556.12698.55857.14907.38

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.21%9.21%9.21%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)285.11287.82290.52
Year 2 PV (M)352.51359.23366.01
Year 3 PV (M)415.00426.91439.05
Year 4 PV (M)472.83491.01509.72
Year 5 PV (M)526.25551.67578.06
PV of Terminal Value (M)8,966.229,399.299,848.94
Equity Value (M)11,017.9211,515.9312,032.29
Shares Outstanding (M)95.5495.5495.54
Fair Value$115.32$120.53$125.94
Upside / Downside16.64%21.91%27.38%

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%