Definitive Analysis
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Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

Pacific Premier Bancorp, Inc. (PPBI)

Company Dividend Discount ModelIndustry: Banks - RegionalSector: Financial Services

Valuation Snapshot

Stable Growth$29.77 - $68.12$43.40
Multi-Stage$23.18 - $25.22$24.18
Blended Fair Value$33.79
Current Price$21.09
Upside60.22%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS18.73%0.00%1.341.331.321.290.840.570.000.000.000.00
YoY Growth--0.67%0.88%2.69%52.55%48.33%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--6.29%5.65%5.49%3.64%1.94%3.01%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)137.95
(-) Cash Dividends Paid (M)127.50
(=) Cash Retained (M)10.45
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)27.5917.2410.35
Cash Retained (M)10.4510.4510.45
(-) Cash Required (M)-27.59-17.24-10.35
(=) Excess Retained (M)-17.14-6.790.11
(/) Shares Outstanding (M)94.8494.8494.84
(=) Excess Retained per Share-0.18-0.070.00
LTM Dividend per Share1.341.341.34
(+) Excess Retained per Share-0.18-0.070.00
(=) Adjusted Dividend1.161.271.35
WACC / Discount Rate9.62%9.62%9.62%
Growth Rate5.50%6.50%7.50%
Fair Value$29.77$43.40$68.12
Upside / Downside41.18%105.78%223.00%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)137.95146.92156.47166.64177.47189.01194.68
Payout Ratio92.42%91.94%91.45%90.97%90.48%90.00%92.50%
Projected Dividends (M)127.50135.08143.10151.59160.59170.11180.08

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.62%9.62%9.62%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)122.06123.22124.38
Year 2 PV (M)116.85119.08121.32
Year 3 PV (M)111.86115.07118.34
Year 4 PV (M)107.08111.20115.43
Year 5 PV (M)102.50107.45112.59
PV of Terminal Value (M)1,638.281,717.411,799.57
Equity Value (M)2,198.632,293.432,391.64
Shares Outstanding (M)94.8494.8494.84
Fair Value$23.18$24.18$25.22
Upside / Downside9.92%14.66%19.57%

High-Yield Dividend Screener

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