Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

Central Pacific Financial Corp. (CPF)

Company Dividend Discount ModelIndustry: Banks - RegionalSector: Financial Services

Valuation Snapshot

Stable Growth$41.13 - $81.96$57.08
Multi-Stage$40.37 - $44.13$42.22
Blended Fair Value$49.65
Current Price$30.34
Upside63.64%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS1.83%7.70%1.041.031.050.990.950.950.890.780.690.96
YoY Growth--0.09%-1.36%5.73%3.95%0.89%6.47%13.35%14.39%-28.78%95.02%
Dividend Yield--3.83%5.34%5.86%3.56%3.58%5.95%3.03%2.75%2.24%4.42%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)65.95
(-) Cash Dividends Paid (M)28.93
(=) Cash Retained (M)37.02
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)13.198.244.95
Cash Retained (M)37.0237.0237.02
(-) Cash Required (M)-13.19-8.24-4.95
(=) Excess Retained (M)23.8328.7732.07
(/) Shares Outstanding (M)27.1727.1727.17
(=) Excess Retained per Share0.881.061.18
LTM Dividend per Share1.071.071.07
(+) Excess Retained per Share0.881.061.18
(=) Adjusted Dividend1.942.122.25
WACC / Discount Rate8.59%8.59%8.59%
Growth Rate3.69%4.69%5.69%
Fair Value$41.13$57.08$81.96
Upside / Downside35.57%88.14%170.14%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)65.9569.0472.2875.6779.2282.9385.42
Payout Ratio43.87%53.10%62.32%71.55%80.77%90.00%92.50%
Projected Dividends (M)28.9336.6645.0554.1463.9974.6479.02

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.59%8.59%8.59%
Growth Rate3.69%4.69%5.69%
Year 1 PV (M)33.4433.7634.08
Year 2 PV (M)37.4838.2138.94
Year 3 PV (M)41.0942.2943.51
Year 4 PV (M)44.2946.0347.81
Year 5 PV (M)47.1349.4451.85
PV of Terminal Value (M)893.25937.16982.78
Equity Value (M)1,096.681,146.891,198.98
Shares Outstanding (M)27.1727.1727.17
Fair Value$40.37$42.22$44.13
Upside / Downside33.05%39.15%45.47%

High-Yield Dividend Screener

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