Definitive Analysis
Definitive Analysis

Financial Statements

Company Industry Sector

Fundamentals

Margins Returns Growth Rates Metrics/Ratios

Valuations

Projections DCF DDM EPV Multiples Valuations

Miscellaneous

Indicators Charts WACC Beta Predictability

Analysis Mode

Ticker

Industry

Sector

PNM Resources, Inc. (PNM)

Company Dividend Discount ModelIndustry: Regulated ElectricSector: Utilities

Valuation Snapshot

Stable Growth$182.36 - $387.53$363.17
Multi-Stage$59.61 - $65.21$62.36
Blended Fair Value$212.77
Current Price$40.70
Upside422.77%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS10.49%9.91%1.691.401.321.251.091.030.940.860.780.71
YoY Growth--20.75%5.73%6.08%14.69%6.00%9.37%9.22%10.15%9.92%8.04%
Dividend Yield--4.15%3.74%2.72%2.61%2.22%2.70%2.01%2.24%2.11%2.10%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)176.66
(-) Cash Dividends Paid (M)101.85
(=) Cash Retained (M)74.81
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)35.3322.0813.25
Cash Retained (M)74.8174.8174.81
(-) Cash Required (M)-35.33-22.08-13.25
(=) Excess Retained (M)39.4852.7361.56
(/) Shares Outstanding (M)90.6690.6690.66
(=) Excess Retained per Share0.440.580.68
LTM Dividend per Share1.121.121.12
(+) Excess Retained per Share0.440.580.68
(=) Adjusted Dividend1.561.711.80
WACC / Discount Rate6.40%6.40%6.40%
Growth Rate5.50%6.50%7.50%
Fair Value$182.36$363.17$387.53
Upside / Downside348.06%792.32%852.17%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)176.66188.14200.37213.39227.26242.04249.30
Payout Ratio57.65%64.12%70.59%77.06%83.53%90.00%92.50%
Projected Dividends (M)101.85120.64141.44164.44189.83217.83230.60

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.40%6.40%6.40%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)112.31113.38114.44
Year 2 PV (M)122.60124.93127.29
Year 3 PV (M)132.70136.51140.39
Year 4 PV (M)142.62148.11153.75
Year 5 PV (M)152.37159.73167.37
PV of Terminal Value (M)4,741.474,970.495,208.27
Equity Value (M)5,404.085,653.155,911.51
Shares Outstanding (M)90.6690.6690.66
Fair Value$59.61$62.36$65.21
Upside / Downside46.46%53.21%60.21%

High-Yield Dividend Screener

« Prev Page 56 of 151 Next »
Ticker ⇵ Company ⇵ Dividend Yield % ▼ Dividend Per Share ⇵ Payout Ratio % ⇵
028050.KSSamsung Engineering Co., Ltd.2.84%$661.0323.31%
097520.KSMCNEX Co., Ltd2.84%$823.5219.44%
6187.TWOAll Ring Tech Co., Ltd.2.84%$10.5864.87%
CBAV3.SACompanhia Brasileira de Alumínio2.84%$0.2055.55%
CWB.TOCanadian Western Bank2.84%$1.6152.64%
GEPA3.SARio Paranapanema Energia S.A.2.84%$0.8518.05%
VRANDA.BKVeranda Resort Public Company Limited2.84%$0.1360.80%
002823.SZShenzhen Kaizhong Precision Technology Co., Ltd.2.83%$0.4563.43%
002831.SZShenZhen YUTO Packaging Technology Co., Ltd.2.83%$0.8149.61%
006360.KSGS Engineering & Construction Corporation2.83%$532.6991.52%
AEFES.ISAnadolu Efes Biracilik ve Malt Sanayii Anonim Sirketi2.83%$0.4525.40%
BTPN.JKPT Bank SMBC Indonesia Tbk2.83%$60.3324.97%
NHY.OLNorsk Hydro ASA2.83%$2.2546.34%
OSP2.DEUSU Software AG2.83%$0.5291.56%
000850.KSHwacheon Machine Tool Co. Ltd2.82%$1,050.0033.65%
2205.HKKangqiao Service Group Limited2.82%$0.0436.89%
2458.HKGala Technology Holding Limited2.82%$0.1814.30%
688526.SSWuhan Keqian Biology Co.,Ltd2.82%$0.4343.47%
7148.KLDuopharma Biotech Berhad2.82%$0.0440.32%
8438.TWAmia Co.,Ltd2.82%$1.3078.73%
9304.TThe Shibusawa Warehouse Co., Ltd.2.82%$35.9036.66%
SANOFI.BOSanofi India Limited2.82%$117.0281.35%
9742.TINES Corporation2.81%$54.8787.98%
CNHCNH Industrial N.V.2.81%$0.2655.11%
FLUG-B.COFlügger group A/S2.81%$8.9546.55%
LNF.TOLeon's Furniture Limited2.81%$0.7931.40%
2071.TWOChen Nan Iron Wire Co.,Ltd2.80%$0.4312.28%
298690.KSAir Busan Co., Ltd.2.80%$49.2610.96%
6004.SRCATRION Catering Holding Company2.80%$2.2955.90%
603105.SSZhejiang Sunoren Solar Technology Co.,Ltd.2.80%$0.2666.36%
6953.TWOGudeng Equipment Co., Ltd.2.80%$5.9978.26%
7752.TRicoh Company, Ltd.2.80%$38.5335.99%
8058.TMitsubishi Corporation2.80%$100.5249.75%
9433.TKDDI Corporation2.80%$75.8040.77%
MTEL.JKPT Dayamitra Telekomunikasi Tbk.2.80%$18.4570.48%
2027.TWTa Chen Stainless Pipe Co., Ltd.2.79%$1.0038.56%
5032.KLBintulu Port Holdings Berhad2.79%$0.1550.65%
600801.SSHuaxin Cement Co., Ltd.2.79%$0.6848.06%
6750.TElecom Co., Ltd.2.79%$47.9838.00%
9607.SRASG Plastic Factory Co.2.79%$1.2028.09%
BNII.JKPT Bank Maybank Indonesia Tbk2.79%$5.8628.55%
BTPS.JKPT Bank BTPN Syariah Tbk2.79%$33.7022.52%
GLOBAL-R.BKSiam Global House Public Company Limited2.79%$0.1846.58%
JST.DEJOST Werke AG2.79%$1.5076.92%
KMDAKamada Ltd.2.79%$0.2056.42%
PSSA3.SAPorto Seguro S.A.2.79%$1.3427.11%
000950.KSChonbang Co., Ltd.2.78%$1,000.763.75%
001338.SZGDH Supertime Group Company Limited2.78%$0.3450.86%
082920.KQVITZROCELL Co.,Ltd.2.78%$459.9217.96%
600469.SSAeolus Tyre Co., Ltd.2.78%$0.1961.56%