Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Avery Dennison Corporation (AVY)

Company Dividend Discount ModelIndustry: Business Equipment & SuppliesSector: Industrials

Valuation Snapshot

Stable Growth$234.90 - $754.03$379.44
Multi-Stage$155.88 - $170.22$162.92
Blended Fair Value$271.18
Current Price$160.75
Upside68.70%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222022202120192018201720162016
DPS7.90%8.29%3.513.253.022.792.492.402.211.971.801.68
YoY Growth--8.10%7.45%8.30%12.09%3.74%8.40%12.54%9.12%7.06%6.39%
Dividend Yield--2.00%1.45%1.69%1.59%1.32%2.39%1.96%1.85%2.24%2.31%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)695.60
(-) Cash Dividends Paid (M)286.40
(=) Cash Retained (M)409.20
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)139.1286.9552.17
Cash Retained (M)409.20409.20409.20
(-) Cash Required (M)-139.12-86.95-52.17
(=) Excess Retained (M)270.08322.25357.03
(/) Shares Outstanding (M)79.1079.1079.10
(=) Excess Retained per Share3.414.074.51
LTM Dividend per Share3.623.623.62
(+) Excess Retained per Share3.414.074.51
(=) Adjusted Dividend7.047.698.13
WACC / Discount Rate8.66%8.66%8.66%
Growth Rate5.50%6.50%7.50%
Fair Value$234.90$379.44$754.03
Upside / Downside46.13%136.05%369.07%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)695.60740.81788.97840.25894.87953.03981.62
Payout Ratio41.17%50.94%60.70%70.47%80.23%90.00%92.50%
Projected Dividends (M)286.40377.36478.93592.12717.99857.73908.00

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.66%8.66%8.66%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)344.02347.29350.55
Year 2 PV (M)398.06405.64413.29
Year 3 PV (M)448.65461.53474.66
Year 4 PV (M)495.97515.05534.66
Year 5 PV (M)540.16566.25593.34
PV of Terminal Value (M)10,103.3510,591.3411,098.01
Equity Value (M)12,330.2112,887.0913,464.51
Shares Outstanding (M)79.1079.1079.10
Fair Value$155.88$162.92$170.22
Upside / Downside-3.03%1.35%5.89%

High-Yield Dividend Screener

« Prev Page 57 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
600559.SSHebei Hengshui Laobaigan Liquor Co., Ltd.2.78%$0.4564.37%
600905.SSChina Three Gorges Renewables (Group) Co.,Ltd.2.78%$0.1161.03%
9301.TMitsubishi Logistics Corporation2.78%$33.2924.28%
PMJS.JKPT Putra Mandiri Jembar Tbk2.78%$3.2046.17%
001500.KSHyundai Motor Securities Co., Ltd.2.77%$219.2027.59%
002673.SZWestern Securities Co., Ltd.2.77%$0.2250.84%
016580.KSWhan In Pharm Co.,Ltd.2.77%$300.2927.91%
3407.TAsahi Kasei Corporation2.77%$38.4137.00%
603529.SSAIMA Technology Group Co. Ltd.2.77%$0.8233.96%
6712.TWOEver Supreme Bio Technology Co., Ltd2.77%$4.6578.29%
ALGLD.PAGold By Gold S.A.2.77%$0.0953.50%
FRAGUAB.MXCorporativo Fragua, S.A.B. de C.V.2.77%$15.0830.80%
GSY.TOgoeasy Ltd.2.77%$3.6526.22%
PLAZ-B.STPlatzer Fastigheter Holding AB (publ)2.77%$2.0534.89%
002422.SZSichuan Kelun Pharmaceutical Co., Ltd.2.76%$0.8177.67%
002608.SZJiangsu Guoxin Corp. Ltd.2.76%$0.2021.73%
0ABJ.LAlleima AB (publ)2.76%$2.2958.73%
0QML.LBVZ Holding AG2.76%$34.0014.12%
0RH9.LNordic Waterproofing Holding AB (publ)2.76%$5.0370.88%
300428.SZLizhong Sitong Light Alloys Group Co., Ltd.2.76%$0.6452.10%
5076.TINFRONEER Holdings Inc.2.76%$58.9934.86%
603866.SSToly Bread Co.,Ltd.2.76%$0.1560.39%
000030.SZFAWER Automotive Parts Limited Company2.75%$0.1640.40%
002216.SZSanquan Food Co., Ltd.2.75%$0.3150.18%
002658.SZBeijing SDL Technology Co.,Ltd.2.75%$0.2575.22%
017900.KSAUK Corp.2.75%$49.6364.11%
035150.KSBAIKSAN Co,. Ltd2.75%$355.8316.51%
4031.SRSaudi Ground Services Company2.75%$1.0047.84%
5880.TWTaiwan Cooperative Financial Holding Co., Ltd.2.75%$0.6754.40%
601006.SSDaqin Railway Co., Ltd.2.75%$0.1442.92%
6098.HKCountry Garden Services Holdings Company Limited2.75%$0.1774.92%
688408.SSArctech Solar Holding Co., Ltd.2.75%$1.1677.11%
7981.TTakara Standard Co.,Ltd.2.75%$80.2137.23%
BMA.BABanco Macro S.A.2.75%$382.2958.85%
BN4.SIKeppel Corporation Limited2.75%$0.2975.31%
XRF.AXXRF Scientific Limited2.75%$0.0642.12%
002034.SZWangneng Environment Co., Ltd.2.74%$0.4434.20%
002170.KSSamyang Tongsang Co., Ltd2.74%$1,511.7730.07%
002936.SZBank of Zhengzhou Co., Ltd.2.74%$0.0525.12%
F17.SIGuocoLand Limited2.74%$0.0648.52%
IZS.WAIzostal S.A.2.74%$0.0921.81%
MAJOR-R.BKMajor Cineplex Group Public Company Limited2.74%$0.1928.63%
4704.TTrend Micro Incorporated2.73%$177.4367.34%
600826.SSDlg Exhibitions & Events Corporation Limited2.73%$0.2972.85%
600976.SSJianmin Pharmaceutical Group Co.,Ltd.2.73%$0.9243.09%
601728.SSChina Telecom Corporation Limited2.73%$0.1743.22%
7036.TeMnet Japan.co.ltd.2.73%$31.7695.99%
BYMA.BABolsas y Mercados Argentinos S.A.2.73%$8.2440.37%
CRIV3.SAFinanceira Alfa S.A. - Crédito, Financiamento e Investimentos2.73%$0.1998.46%
PND.FMowi ASA2.73%$0.5773.97%