Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

German American Bancorp, Inc. (GABC)

Company Dividend Discount ModelIndustry: Banks - RegionalSector: Financial Services

Valuation Snapshot

Stable Growth$102.40 - $581.57$193.22
Multi-Stage$60.21 - $65.80$62.95
Blended Fair Value$128.08
Current Price$39.27
Upside226.16%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS12.65%14.19%0.930.860.790.650.590.510.410.350.310.26
YoY Growth--8.19%8.92%21.61%10.35%14.70%24.74%18.85%11.40%17.98%6.63%
Dividend Yield--2.48%2.56%2.36%1.71%1.27%1.87%1.37%1.04%0.98%1.23%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)100.16
(-) Cash Dividends Paid (M)40.42
(=) Cash Retained (M)59.75
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)20.0312.527.51
Cash Retained (M)59.7559.7559.75
(-) Cash Required (M)-20.03-12.52-7.51
(=) Excess Retained (M)39.7147.2352.23
(/) Shares Outstanding (M)34.2534.2534.25
(=) Excess Retained per Share1.161.381.52
LTM Dividend per Share1.181.181.18
(+) Excess Retained per Share1.161.381.52
(=) Adjusted Dividend2.342.562.70
WACC / Discount Rate7.91%7.91%7.91%
Growth Rate5.50%6.50%7.50%
Fair Value$102.40$193.22$581.57
Upside / Downside160.75%392.02%1,380.95%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)100.16106.67113.61120.99128.86137.23141.35
Payout Ratio40.35%50.28%60.21%70.14%80.07%90.00%92.50%
Projected Dividends (M)40.4253.6468.4084.86103.18123.51130.75

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.91%7.91%7.91%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)49.2449.7050.17
Year 2 PV (M)57.6458.7459.85
Year 3 PV (M)65.6567.5469.46
Year 4 PV (M)73.2776.0978.99
Year 5 PV (M)80.5284.4188.45
PV of Terminal Value (M)1,735.881,819.721,906.78
Equity Value (M)2,062.202,156.202,253.69
Shares Outstanding (M)34.2534.2534.25
Fair Value$60.21$62.95$65.80
Upside / Downside53.31%60.30%67.55%

High-Yield Dividend Screener

« Prev Page 58 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
000597.SZNortheast Pharmaceutical Group Co., Ltd.2.72%$0.1454.16%
002282.SZBosun Co., Ltd.2.72%$0.2057.69%
005300.KSLotte Chilsung Beverage Co., Ltd.2.72%$3,646.4052.67%
3019.TWAsia Optical Co., Inc.2.72%$3.9158.36%
5469.TWHannStar Board Corporation2.72%$2.5238.49%
5493.TWOSanlien Technology Corp.2.72%$2.4757.58%
605001.SSQingdao Victall Railway Co., Ltd.2.72%$0.2176.35%
6727.TWacom Co., Ltd.2.72%$22.0470.93%
BEM-R.BKBangkok Expressway and Metro Public Company Limited2.72%$0.1559.21%
BTEBaytex Energy Corp.2.72%$0.0932.39%
CLA-B.STCloetta AB (publ)2.72%$1.1043.72%
EVEN3.SAEven Construtora e Incorporadora S.A.2.72%$0.2044.47%
SNZ.AXSummerset Group Holdings Limited2.72%$0.298.91%
001270.KSBOOKOOK Securities Co., Ltd.2.71%$1,510.8429.90%
033100.KQCheryong Electric Co.,Ltd.2.71%$1,000.1526.62%
0RAR.LStratec SE2.71%$0.6049.62%
2706.TWFirst Hotel Company Ltd.2.71%$0.3560.83%
2734.TSALA Corporation2.71%$30.7339.50%
4051.SRBaazeem Trading Company2.71%$0.1874.35%
601002.SSGem-Year Industrial Co.,Ltd.2.71%$0.1462.84%
601326.SSQinhuangdao Port Co., Ltd.2.71%$0.0932.66%
7224.TShinMaywa Industries, Ltd.2.71%$51.9640.11%
AN3PG.AXAustralia and New Zealand Banking Group Ltd2.71%$2.7663.53%
002478.SZJiangsu Changbao Steeltube Co.,Ltd2.70%$0.2332.58%
0QMS.Ldormakaba Holding AG2.70%$1.7452.32%
0R9D.LAeroporto Guglielmo Marconi di Bologna S.p.A.2.70%$0.2839.70%
2739.TWMy Humble House Hospitality Management Consulting Co., Ltd.2.70%$0.9758.64%
300140.SZCECEP Environmental Protection Equipment Co.,Ltd.2.70%$0.1868.84%
4142.SRRiyadh Cables Group Company2.70%$3.5049.02%
603100.SSChongqing Chuanyi Automation Co., Ltd.2.70%$0.6242.77%
603871.SSJiayou International Logistics Co.,Ltd2.70%$0.3848.36%
605028.SSNingbo Shimao Energy Co.,Ltd2.70%$0.8077.70%
6705.TWOMARTAS Precision Slide Co.,Ltd2.70%$1.8441.49%
688571.SSHangzhou Toka Ink Co., Ltd.2.70%$0.2073.79%
8390.TWOJiin Yeeh Ding Enterprises Corp.2.70%$2.4940.37%
8936.TWOKuo Toong International Co., Ltd.2.70%$1.4843.88%
CMRY.JKPT Cisarua Mountain Dairy Tbk2.70%$150.0160.59%
CRJ.WACreepy Jar S.A.2.70%$10.9346.34%
DHG.AXDomain Holdings Australia Limited2.70%$0.1284.16%
SYNSAM.STSynsam AB (publ)2.70%$1.8063.88%
300481.SZPuyang Huicheng Electronic Material Co., Ltd.2.69%$0.4280.91%
3069.KLMega First Corporation Berhad2.69%$0.0920.68%
3147.TWOJetwell Computer Co., Ltd.2.69%$4.4637.85%
4023.TKureha Corporation2.69%$109.8152.33%
600888.SSXinjiang Joinworld Co.,Ltd.2.69%$0.2247.19%
601139.SSShenzhen Gas Corporation Ltd.2.69%$0.1841.90%
6462.TRiken Corporation2.69%$100.2521.01%
8261.TWAdvanced Power Electronics Co., Ltd.2.69%$2.4949.60%
GPG.STGenova Property Group AB (publ)2.69%$1.0719.48%
QB7.DEQuirin Privatbank AG2.69%$0.0918.14%