Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Westinghouse Air Brake Technologies Corporation (WAB)

Company Dividend Discount ModelIndustry: RailroadsSector: Industrials

Valuation Snapshot

Stable Growth$157.45 - $405.04$238.47
Multi-Stage$107.40 - $117.41$112.32
Blended Fair Value$175.39
Current Price$200.47
Upside-12.51%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS11.37%21.95%0.820.720.650.540.540.480.270.250.190.16
YoY Growth--13.82%10.81%20.65%-0.54%13.22%76.55%9.61%30.18%20.28%40.10%
Dividend Yield--0.45%0.50%0.64%0.56%0.68%0.99%0.36%0.30%0.24%0.20%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,180.00
(-) Cash Dividends Paid (M)164.00
(=) Cash Retained (M)1,016.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)236.00147.5088.50
Cash Retained (M)1,016.001,016.001,016.00
(-) Cash Required (M)-236.00-147.50-88.50
(=) Excess Retained (M)780.00868.50927.50
(/) Shares Outstanding (M)171.43171.43171.43
(=) Excess Retained per Share4.555.075.41
LTM Dividend per Share0.960.960.96
(+) Excess Retained per Share4.555.075.41
(=) Adjusted Dividend5.516.026.37
WACC / Discount Rate9.19%9.19%9.19%
Growth Rate5.50%6.50%7.50%
Fair Value$157.45$238.47$405.04
Upside / Downside-21.46%18.95%102.04%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,180.001,256.701,338.391,425.381,518.031,616.701,665.20
Payout Ratio13.90%29.12%44.34%59.56%74.78%90.00%92.50%
Projected Dividends (M)164.00365.93593.43848.951,135.181,455.031,540.31

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.19%9.19%9.19%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)331.99335.14338.28
Year 2 PV (M)488.44497.74507.13
Year 3 PV (M)633.93652.13670.67
Year 4 PV (M)769.03798.61829.03
Year 5 PV (M)894.28937.48982.32
PV of Terminal Value (M)15,294.1716,032.8916,799.88
Equity Value (M)18,411.8419,253.9820,127.31
Shares Outstanding (M)171.43171.43171.43
Fair Value$107.40$112.32$117.41
Upside / Downside-46.42%-43.97%-41.43%

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%