Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker / Industry / Sector

Plains All American Pipeline, L.P. (PAA)

Company Dividend Discount ModelIndustry: Oil & Gas MidstreamSector: Energy

Valuation Snapshot

Stable Growth$11.79 - $17.14$14.38
Multi-Stage$23.08 - $25.28$24.16
Blended Fair Value$19.27
Current Price$17.06
Upside12.96%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-2.36%-0.47%1.271.060.830.730.931.431.241.971.511.54
YoY Growth--19.12%28.08%12.96%-21.07%-34.76%15.27%-37.16%30.51%-1.76%15.74%
Dividend Yield--6.33%6.00%6.65%6.83%10.23%27.02%5.01%8.94%4.77%7.33%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,130.00
(-) Cash Dividends Paid (M)1,025.00
(=) Cash Retained (M)105.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)226.00141.2584.75
Cash Retained (M)105.00105.00105.00
(-) Cash Required (M)-226.00-141.25-84.75
(=) Excess Retained (M)-121.00-36.2520.25
(/) Shares Outstanding (M)703.75703.75703.75
(=) Excess Retained per Share-0.17-0.050.03
LTM Dividend per Share1.461.461.46
(+) Excess Retained per Share-0.17-0.050.03
(=) Adjusted Dividend1.281.401.49
WACC / Discount Rate8.15%8.15%8.15%
Growth Rate-2.47%-1.47%-0.47%
Fair Value$11.79$14.38$17.14
Upside / Downside-30.87%-15.68%0.48%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,130.001,113.391,097.021,080.891,065.001,049.341,080.82
Payout Ratio90.71%90.57%90.42%90.28%90.14%90.00%92.50%
Projected Dividends (M)1,025.001,008.35991.98975.86960.01944.41999.76

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.15%8.15%8.15%
Growth Rate-2.47%-1.47%-0.47%
Year 1 PV (M)922.87932.34941.80
Year 2 PV (M)830.92848.05865.35
Year 3 PV (M)748.13771.38795.11
Year 4 PV (M)673.59701.64730.56
Year 5 PV (M)606.47638.20671.25
PV of Terminal Value (M)12,458.1413,110.0613,788.99
Equity Value (M)16,240.1217,001.6717,793.06
Shares Outstanding (M)703.75703.75703.75
Fair Value$23.08$24.16$25.28
Upside / Downside35.27%41.61%48.20%

High-Yield Dividend Screener

« Prev Page 50 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
688009.SSChina Railway Signal & Communication Corporation Limited3.25%$0.1855.08%
ALMB.COAlm. Brand A/S3.25%$0.6069.79%
BUDI.JKPT Budi Starch & Sweetener Tbk3.25%$7.0135.52%
0398.HKOriental Watch Holdings Limited3.24%$0.1219.25%
044820.KSCosmax BTI, Inc.3.24%$449.6235.33%
8017.HKTradeGo FinTech Limited3.24%$0.0545.22%
ALPM.PAPrecia S.A.3.24%$0.8632.45%
DGV.MIDigital Value S.p.A.3.24%$0.9315.10%
ULTJ.JKPT Ultrajaya Milk Industry & Trading Company Tbk3.24%$46.5039.75%
004890.KSDongil Industries Co.,Ltd.3.23%$1,262.8723.13%
5297.TWO3s Silicon Tech., Inc.3.23%$0.9261.02%
600219.SSShandong Nanshan Aluminium Co.,Ltd.3.23%$0.1739.17%
601018.SSNingbo Zhoushan Port Company Limited3.23%$0.1248.88%
6448.TBrother Industries, Ltd.3.23%$100.9546.67%
AZE.BRAzelis Group N.V.3.23%$0.3024.74%
FDPFresh Del Monte Produce Inc.3.23%$1.1468.58%
FMM-B.STFM Mattsson Mora Group AB (publ)3.23%$2.2587.42%
ITECH.STI-Tech AB3.23%$1.7450.69%
MTY.TOMTY Food Group Inc.3.23%$1.2473.76%
SKA-B.STSkanska AB (publ)3.23%$8.3155.80%
1179.HKH World Group Limited3.22%$1.2098.76%
2745.TWOLife Travel & Tourist Service Co., Ltd.3.22%$3.4841.20%
3533.TWLotes Co., Ltd3.22%$41.6856.60%
5908.KLDKSH Holdings (Malaysia) Berhad3.22%$0.1920.93%
600886.SSSDIC Power Holdings Co., Ltd.3.22%$0.4251.34%
603566.SSPulike Biological Engineering, Inc.3.22%$0.4095.20%
9583.SRUnited Mining Industries Co.3.22%$1.4581.04%
CBG-R.BKCarabao Group Public Company Limited3.22%$1.4047.30%
ESF.VIEurofins Scientific SE3.22%$2.0162.22%
ETE.ATNational Bank of Greece S.A.3.22%$0.4436.82%
MOTV3.SAMotiva S.A.3.22%$0.4833.62%
NCKL.JKPT Trimegah Bangun Persada Tbk3.22%$37.5729.64%
TEA.AXTasmea Ltd3.22%$0.1338.34%
002283.SZTianrun Industry Technology Co., Ltd.3.21%$0.2065.38%
004840.KSDRB Holding Co., Ltd.3.21%$160.4026.30%
241560.KSDoosan Bobcat Inc.3.21%$1,824.8939.43%
300406.SZBeijing Strong Biotechnologies, Inc.3.21%$0.4256.93%
4088.TAir Water Inc.3.21%$72.4432.93%
603187.SSQingdao Hiron Commercial Cold Chain Co., Ltd.3.21%$0.5050.00%
6250.TYamabiko Corporation3.21%$95.3127.60%
SKF-A.STAB SKF (publ)3.21%$7.9374.23%
002441.SZZhongyeda Electric Co., Ltd.3.20%$0.3077.91%
002991.SZGanyuan Foods Co., Ltd.3.20%$1.8265.31%
300833.SZGuangzhou Haoyang Electronic Co.,Ltd.3.20%$1.3092.60%
688799.SSHunan Warrant Pharmaceutical Co.,Ltd3.20%$1.5367.14%
029530.KSsindoh Co.,Ltd.3.19%$1,500.1429.67%
0RL4.LCatella AB (publ)3.19%$0.9147.34%
5889.TJapan Eyewear Holdings Co., Ltd.3.19%$64.7439.09%
DAPS.BODAPS Advertising Ltd.3.19%$0.6514.79%
PTPS.JKPT Pulau Subur Tbk3.19%$6.0038.20%