Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Universal Insurance Holdings, Inc. (UVE)

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

Valuation Snapshot

Stable Growth$136.69 - $691.43$244.83
Multi-Stage$87.49 - $95.78$91.56
Blended Fair Value$168.20
Current Price$26.30
Upside539.53%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-3.09%1.49%0.770.810.820.840.850.900.880.830.840.77
YoY Growth---4.14%-2.08%-1.72%-1.45%-5.97%2.34%6.28%-0.79%8.55%15.84%
Dividend Yield--3.26%4.05%4.52%6.21%5.93%5.05%2.76%2.61%3.42%4.34%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)122.38
(-) Cash Dividends Paid (M)17.50
(=) Cash Retained (M)104.88
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)24.4815.309.18
Cash Retained (M)104.88104.88104.88
(-) Cash Required (M)-24.48-15.30-9.18
(=) Excess Retained (M)80.4089.5895.70
(/) Shares Outstanding (M)28.8728.8728.87
(=) Excess Retained per Share2.783.103.31
LTM Dividend per Share0.610.610.61
(+) Excess Retained per Share2.783.103.31
(=) Adjusted Dividend3.393.713.92
WACC / Discount Rate7.71%7.71%7.71%
Growth Rate5.10%6.10%7.10%
Fair Value$136.69$244.83$691.43
Upside / Downside419.75%830.92%2,529.00%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)122.38129.85137.77146.18155.10164.56169.50
Payout Ratio14.30%29.44%44.58%59.72%74.86%90.00%92.50%
Projected Dividends (M)17.5038.2361.4287.30116.11148.10156.78

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.71%7.71%7.71%
Growth Rate5.10%6.10%7.10%
Year 1 PV (M)35.1635.4935.83
Year 2 PV (M)51.9552.9453.94
Year 3 PV (M)67.9169.8671.86
Year 4 PV (M)83.0686.2789.57
Year 5 PV (M)97.44102.17107.07
PV of Terminal Value (M)2,190.462,296.672,406.96
Equity Value (M)2,525.972,643.402,765.22
Shares Outstanding (M)28.8728.8728.87
Fair Value$87.49$91.56$95.78
Upside / Downside232.67%248.13%264.18%

High-Yield Dividend Screener

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