Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

Royal Caribbean Cruises Ltd. (RCL)

Company Dividend Discount ModelIndustry: Travel ServicesSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$217.56 - $393.89$291.04
Multi-Stage$170.22 - $185.79$177.87
Blended Fair Value$234.45
Current Price$323.58
Upside-27.54%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-29.23%-6.01%0.390.000.000.001.182.191.911.591.261.02
YoY Growth--0.00%0.00%0.00%-100.00%-45.84%14.25%20.58%26.25%23.65%40.84%
Dividend Yield--0.19%0.00%0.00%0.00%1.38%6.80%1.66%1.35%1.28%1.24%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)4,071.00
(-) Cash Dividends Paid (M)659.00
(=) Cash Retained (M)3,412.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)814.20508.88305.33
Cash Retained (M)3,412.003,412.003,412.00
(-) Cash Required (M)-814.20-508.88-305.33
(=) Excess Retained (M)2,597.802,903.133,106.68
(/) Shares Outstanding (M)275.50275.50275.50
(=) Excess Retained per Share9.4310.5411.28
LTM Dividend per Share2.392.392.39
(+) Excess Retained per Share9.4310.5411.28
(=) Adjusted Dividend11.8212.9313.67
WACC / Discount Rate11.13%11.13%11.13%
Growth Rate5.40%6.40%7.40%
Fair Value$217.56$291.04$393.89
Upside / Downside-32.76%-10.06%21.73%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)4,071.004,331.514,608.694,903.605,217.395,551.265,717.80
Payout Ratio16.19%30.95%45.71%60.48%75.24%90.00%92.50%
Projected Dividends (M)659.001,340.612,106.752,965.463,925.444,996.145,288.96

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate11.13%11.13%11.13%
Growth Rate5.40%6.40%7.40%
Year 1 PV (M)1,195.051,206.381,217.72
Year 2 PV (M)1,674.091,706.011,738.23
Year 3 PV (M)2,100.592,160.952,222.45
Year 4 PV (M)2,478.682,574.102,672.24
Year 5 PV (M)2,812.222,948.193,089.36
PV of Terminal Value (M)36,635.8738,407.1240,246.23
Equity Value (M)46,896.5049,002.7551,186.23
Shares Outstanding (M)275.50275.50275.50
Fair Value$170.22$177.87$185.79
Upside / Downside-47.39%-45.03%-42.58%

High-Yield Dividend Screener

« Prev Page 49 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
064960.KSSNT Motiv Co., Ltd.3.32%$1,136.7332.23%
0RNT.LBrødrene A & O Johansen A/S3.32%$3.0743.48%
603676.SSTibet Weixinkang Medicine Co., Ltd.3.32%$0.3567.92%
6791.TWOTaiwan Auto-Design Co.3.32%$3.4985.79%
9432.TNTT, Inc.3.32%$5.2441.63%
AJBU.SIKeppel DC REIT3.32%$0.0751.19%
MFF.AXMFF Capital Investments Limited3.32%$0.166.10%
VZN.SWVZ Holding AG3.32%$4.9645.59%
6438.TWSymtek Automation Asia Co., Ltd.3.31%$4.6960.82%
8272.TWOChanging Information Technology Inc.3.31%$2.5960.59%
ALDEL.PADelfingen Industry S.A.3.31%$1.1538.10%
GJF.OLGjensidige Forsikring ASA3.31%$10.0077.33%
001560.KSCheil Grinding Wheel Ind. Co., Ltd.3.30%$321.6715.39%
002895.SZGuizhou Chanhen Chemical Corporation3.30%$1.2157.70%
0GWB.ILL E Lundbergföretagen AB (publ)3.30%$16.7254.63%
2441.TWGreatek Electronics Inc.3.30%$2.9871.42%
MAVI.ISMavi Giyim Sanayi ve Ticaret A.S.3.30%$1.4153.21%
MTSA3.SAMETISA Metalúrgica Timboense S.A.3.30%$2.5153.64%
3475.TGood Com Asset Co., Ltd.3.29%$41.3153.09%
ARCOArcos Dorados Holdings Inc.3.29%$0.2420.61%
GLINT.LSGlintt - Global Intelligent Technologies, S.A.3.29%$0.0463.67%
LABB.MXGenomma Lab Internacional, S.A.B. de C.V.3.29%$0.5928.90%
009770.KSSam Jung Pulp Co.,Ltd.3.28%$1,000.1513.81%
3050.SRSouthern Province Cement Company3.28%$0.7453.26%
603075.SSHangzhou Heatwell Electric Heating Technology Co., Ltd.3.28%$0.7290.17%
6741.TNippon Signal Co., Ltd.3.28%$42.9832.43%
000088.SZShenzhen Yan Tian Port Holdings Co.,Ltd.3.27%$0.1553.36%
002648.SZSatellite Chemical Co.,Ltd.3.27%$0.5831.65%
005750.KSDaelim B&Co Co.,Ltd.3.27%$152.6038.32%
011760.KSHyundai Corporation3.27%$700.0011.11%
2248.TWOShining Victory Motor Electronic Co., Ltd.3.27%$1.6118.34%
4021.TNissan Chemical Corporation3.27%$175.2852.54%
603439.SSGuiZhou SanLi Pharmaceutical Co.,Ltd3.27%$0.3895.76%
7942.TJSP Corporation3.27%$79.9839.18%
BRIT3.SABrisanet Participações S.A.3.27%$0.0982.21%
IAF-PI.TOiA Financial Corporation Inc.3.27%$0.8225.22%
ORS.MIOrsero S.p.A.3.27%$0.6133.02%
PEHN.SWPrivate Equity Holding AG3.27%$2.0817.62%
4471.TSanyo Chemical Industries Ltd.3.26%$169.9727.59%
5315.TWOUnited Radiant Technology Corporation3.26%$0.8049.66%
603558.SSZhejiang Jasan Holding Group Co., Ltd.3.26%$0.3734.35%
7744.TNoritsu Koki Co., Ltd.3.26%$60.5454.32%
MYTIL.ATMetlen Energy & Metals S.A.3.26%$1.7219.73%
TCW.TOTrican Well Service Ltd.3.26%$0.2035.68%
001040.KSCJ Corporation3.25%$5,626.0348.88%
002507.SZChongqing Fuling Zhacai Group Co., Ltd.3.25%$0.4260.46%
016740.KSDUAL Co., Ltd.3.25%$123.0716.96%
131090.KQSecuve Co., Ltd.3.25%$125.0032.25%
300729.SZLoctek Ergonomic Technology Corp.3.25%$0.4463.17%
300881.SZShengtak New Material Co., Ltd3.25%$1.1065.22%