Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Horace Mann Educators Corporation (HMN)

Company Dividend Discount ModelIndustry: Insurance - Property & CasualtySector: Financial Services

Valuation Snapshot

Stable Growth$52.90 - $93.22$70.01
Multi-Stage$76.62 - $84.08$80.28
Blended Fair Value$75.15
Current Price$42.97
Upside74.88%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS3.25%3.53%1.331.301.271.241.191.141.121.111.071.02
YoY Growth--2.97%2.47%2.33%3.59%4.90%1.31%1.25%4.07%4.20%8.37%
Dividend Yield--3.12%3.55%3.78%2.96%2.76%3.11%3.14%2.59%2.60%3.23%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)164.10
(-) Cash Dividends Paid (M)56.70
(=) Cash Retained (M)107.40
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)32.8220.5112.31
Cash Retained (M)107.40107.40107.40
(-) Cash Required (M)-32.82-20.51-12.31
(=) Excess Retained (M)74.5886.8995.09
(/) Shares Outstanding (M)41.5841.5841.58
(=) Excess Retained per Share1.792.092.29
LTM Dividend per Share1.361.361.36
(+) Excess Retained per Share1.792.092.29
(=) Adjusted Dividend3.163.453.65
WACC / Discount Rate7.29%7.29%7.29%
Growth Rate1.25%2.25%3.25%
Fair Value$52.90$70.01$93.22
Upside / Downside23.10%62.93%116.94%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)164.10167.79171.56175.42179.37183.40188.91
Payout Ratio34.55%45.64%56.73%67.82%78.91%90.00%92.50%
Projected Dividends (M)56.7076.5897.33118.97141.54165.06174.74

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.29%7.29%7.29%
Growth Rate1.25%2.25%3.25%
Year 1 PV (M)70.6871.3872.08
Year 2 PV (M)82.9084.5586.21
Year 3 PV (M)93.5396.3299.18
Year 4 PV (M)102.69106.81111.05
Year 5 PV (M)110.52116.09121.88
PV of Terminal Value (M)2,725.362,862.633,005.38
Equity Value (M)3,185.683,337.773,495.76
Shares Outstanding (M)41.5841.5841.58
Fair Value$76.62$80.28$84.08
Upside / Downside78.32%86.84%95.68%

High-Yield Dividend Screener

« Prev Page 59 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
QFBQ.QALesha Bank L.L.C2.69%$0.0532.62%
002442.SZLongxing Chemical Stock Co., Ltd.2.68%$0.1799.79%
016800.KSFursys Inc.2.68%$1,200.1730.47%
265520.KQAdvanced Process Systems Corporation2.68%$538.1030.22%
300896.SZImeik Technology Development Co.,Ltd.2.68%$3.8078.17%
3123.TSaibo Co., Ltd.2.68%$16.1426.87%
9057.TEnshu Truck Co.,Ltd.2.68%$96.0831.06%
CHC.AXCharter Hall Group2.68%$0.6553.83%
IFT.AXInfratil Limited2.68%$0.2647.86%
KRZ.IRKerry Group plc2.68%$2.0427.68%
MGH.AXMAAS Group Holdings Limited2.68%$0.1537.02%
NOANorth American Construction Group Ltd.2.68%$0.3932.95%
U06.SISingapore Land Group Limited2.68%$0.0924.45%
000089.SZShenzhen Airport Co., Ltd.2.67%$0.1965.57%
000830.SZLuxi Chemical Group Co., Ltd.2.67%$0.4457.18%
005820.KSWonlim Corporation2.67%$399.8822.01%
007980.KSTP Inc.2.67%$51.627.46%
049800.KSWoojin Plaimm Co., Ltd.2.67%$50.6726.03%
300009.SZAnhui Anke Biotechnology (Group) Co., Ltd.2.67%$0.2662.51%
6220.TWOYFC-Boneagle Electric Co., Ltd.2.67%$0.6989.25%
002753.SZShanxi Yongdong Chemistry Industry Co., Ltd.2.66%$0.1990.03%
011200.KSHMM Co.,Ltd2.66%$537.6722.84%
014830.KSUNID Company Ltd.2.66%$1,782.2616.95%
023450.KSDongnam Chemical Co., Ltd.2.66%$914.8545.96%
210540.KSDY Power Corporation2.66%$350.1314.53%
600729.SSChongqing Department Store Co.,Ltd.2.66%$0.6921.76%
7282.TToyoda Gosei Co., Ltd.2.66%$104.8829.11%
7989.TTachikawa Corporation2.66%$52.4433.02%
9699.TNishio Rent All Co., Ltd.2.66%$125.9628.89%
069730.KSDSR Wire Corp2.65%$99.936.22%
118990.KQMotrex Co., Ltd2.65%$249.2535.67%
OLGERD.ICÖlgerðin Egill Skallagrímsson hf.2.65%$0.4862.79%
084010.KSDaehan Steel Co., Ltd.2.64%$516.5429.55%
0DH7.LAF Gruppen ASA2.64%$4.9752.35%
1504.TWTECO Electric & Machinery Co., Ltd.2.64%$2.2387.91%
2587.TSuntory Beverage & Food Limited2.64%$125.0045.12%
6922.TWONeousys Technology Inc.2.64%$4.5461.30%
SHR.BKS Hotels and Resorts Public Company Limited2.64%$0.0533.96%
002871.SZQingdao Weflo Valve Co., Ltd.2.63%$0.4779.89%
600918.SSZhongtai Securities Co., Ltd.2.63%$0.1768.20%
8572.TAcom Co., Ltd.2.63%$13.0038.71%
LIAB.STLindab International AB (publ)2.63%$5.4076.19%
MYOR.JKPT Mayora Indah Tbk2.63%$57.3845.12%
002443.SZZhejiang Kingland Pipeline and Technologies Co.,Ltd.2.62%$0.2164.11%
039490.KSKiwoom Securities Co., Ltd.2.62%$7,904.3320.30%
155660.KSDSR Corp2.62%$100.1511.70%
4263.SRSAL Saudi Logistics Services Co2.62%$4.2355.27%
AFK.OLArendals Fossekompani ASA2.62%$3.525.05%
INSTAL.STInstalco AB (publ)2.62%$0.6865.47%
000048.SZShenzhen Kingkey Smart Agriculture Times Co.,Ltd2.61%$0.4658.98%