DDM Analysis: ANDE

Valuation Snapshot

Stable Growth	$66.77 - $268.61	$114.04
Multi-Stage	$42.08 - $45.98	$43.99
Blended Fair Value	$79.02
Current Price	$39.81
Upside	98.49%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	3.50%	7.72%	0.80	0.77	0.75	0.72	0.70	0.67	0.57	0.55	0.53	0.49
YoY Growth	-	-	3.55%	3.10%	3.63%	3.23%	4.01%	18.67%	2.68%	4.55%	9.05%	27.52%
Dividend Yield	-	-	1.87%	1.37%	1.82%	1.44%	2.56%	3.60%	1.75%	1.67%	1.40%	1.55%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	73.37
(-) Cash Dividends Paid (M)	26.70
(=) Cash Retained (M)	46.67

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	14.67	9.17	5.50
Cash Retained (M)	46.67	46.67	46.67
(-) Cash Required (M)	-14.67	-9.17	-5.50
(=) Excess Retained (M)	31.99	37.50	41.17
(/) Shares Outstanding (M)	32.79	32.79	32.79
(=) Excess Retained per Share	0.98	1.14	1.26
LTM Dividend per Share	0.81	0.81	0.81
(+) Excess Retained per Share	0.98	1.14	1.26
(=) Adjusted Dividend	1.79	1.96	2.07
WACC / Discount Rate	8.33%	8.33%	8.33%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$66.77	$114.04	$268.61
Upside / Downside	67.72%	186.47%	574.72%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	73.37	78.14	83.22	88.63	94.39	100.52	103.54
Payout Ratio	36.39%	47.11%	57.84%	68.56%	79.28%	90.00%	92.50%
Projected Dividends (M)	26.70	36.81	48.13	60.76	74.83	90.47	95.77

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	8.33%	8.33%	8.33%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	33.66	33.98	34.30
Year 2 PV (M)	40.25	41.01	41.79
Year 3 PV (M)	46.46	47.80	49.15
Year 4 PV (M)	52.33	54.34	56.41
Year 5 PV (M)	57.85	60.64	63.55
PV of Terminal Value (M)	1,149.36	1,204.87	1,262.51
Equity Value (M)	1,379.91	1,442.65	1,507.71
Shares Outstanding (M)	32.79	32.79	32.79
Fair Value	$42.08	$43.99	$45.98
Upside / Downside	5.71%	10.51%	15.50%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 62 of 151 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
5139.KL	AEON Credit Service (M) Berhad	2.49%	$0.14	21.23%
MOBA.OL	Morrow Bank ASA	2.49%	$0.40	35.32%
NOKIA.HE	Nokia Oyj	2.49%	$0.14	65.00%
SUNI.JK	PT Sunindo Pratama Tbk	2.49%	$20.78	27.09%
TIPCO.BK	Tipco Foods Public Company Limited	2.49%	$0.19	33.58%
003220.KS	Daewon Pharmaceutical Co., Ltd.	2.48%	$297.36	78.76%
081000.KS	Iljin Diamond Co.,Ltd	2.48%	$298.16	39.09%
2489.HK	Persistence Resources Group Ltd	2.48%	$0.03	48.82%
2755.TWO	YoungQin International Co., Ltd.	2.48%	$2.90	54.00%
5474.TWO	Yuan High-Tech Development Co., Ltd.	2.48%	$3.99	63.53%
6665.TWO	Healthconn Corp.	2.48%	$0.51	86.65%
7276.T	Koito Manufacturing Co., Ltd.	2.48%	$57.37	33.13%
BREB.BR	Brederode S.A.	2.48%	$2.66	20.88%
ICBP.JK	PT Indofood CBP Sukses Makmur Tbk	2.48%	$200.00	25.69%
ILU.AX	Iluka Resources Limited	2.48%	$0.15	13.66%
LOXLEY.BK	Loxley Public Company Limited	2.48%	$0.03	32.70%
203450.KQ	UNION biometrics Co., Ltd.	2.47%	$77.45	17.43%
300138.SZ	ChenGuang Biotech Group Co., Ltd.	2.47%	$0.31	44.10%
600854.SS	Jiangsu chunlan refrigerating equipment stock co.,ltd.	2.47%	$0.12	53.56%
601108.SS	Caitong Securities Co.,Ltd.	2.47%	$0.22	38.34%
ACTINVRB.MX	Corporación Actinver, S. A. B. de C. V.	2.47%	$0.55	16.64%
ALCIS.PA	Catering International & Services S.A.	2.47%	$0.34	26.64%
QBR-A.TO	Quebecor Inc.	2.47%	$1.37	38.63%
U13.SI	United Overseas Insurance Limited	2.47%	$0.19	47.92%
002415.SZ	Hangzhou Hikvision Digital Technology Co., Ltd.	2.46%	$0.74	51.16%
2897.T	Nissin Foods Holdings Co.,Ltd.	2.46%	$71.75	42.73%
300144.SZ	Songcheng Performance Development Co.,Ltd	2.46%	$0.20	66.36%
300257.SZ	Kaishan Group Co., Ltd.	2.46%	$0.35	85.09%
4452.T	Kao Corporation	2.46%	$153.90	58.66%
6530.TWO	Axcen Photonics Corporation	2.46%	$1.53	82.52%
6571.T	QB Net Holdings Co.,Ltd.	2.46%	$34.31	43.61%
7298.T	Yachiyo Industry Co., Ltd.	2.46%	$34.07	16.58%
2478.TW	TA-I Technology Co., Ltd.	2.45%	$1.52	53.44%
603305.SS	Ningbo Xusheng Auto Technology Co., Ltd.	2.45%	$0.40	98.16%
603919.SS	JINHUI LIQUOR Co.,Ltd.	2.45%	$0.50	65.59%
688616.SS	Hangzhou Xili Intelligent Technology Co.,Ltd	2.45%	$0.30	55.59%
KALMAR.HE	Kalmar Oyj	2.45%	$1.00	44.14%
TOWR.JK	PT Sarana Menara Nusantara Tbk.	2.45%	$14.34	23.50%
VIVT3.SA	Telefônica Brasil S.A.	2.45%	$0.80	42.63%
103140.KS	Poongsan Corporation	2.44%	$2,600.49	39.75%
300017.SZ	Wangsu Science & Technology Co.,Ltd.	2.44%	$0.25	72.18%
3086.T	J. Front Retailing Co., Ltd.	2.44%	$53.53	43.66%
600182.SS	Giti Tire Corporation	2.44%	$0.37	89.97%
600785.SS	Yinchuan Xinhua Commercial (Group) Co., Ltd.	2.44%	$0.33	55.95%
601636.SS	Zhuzhou Kibing Group Co.,Ltd	2.44%	$0.15	64.94%
ELET5.SA	Centrais Elétricas Brasileiras S.A. - Eletrobrás	2.44%	$1.92	63.99%
LISN.SW	Chocoladefabriken Lindt & Sprüngli AG	2.44%	$2,845.60	50.18%
SCA-A.ST	Svenska Cellulosa Aktiebolaget SCA (publ)	2.44%	$3.00	59.52%
000858.SZ	Wuliangye Yibin Co.,Ltd.	2.43%	$2.58	35.17%
002328.SZ	Shanghai Xinpeng Industry Co.,Ltd.	2.43%	$0.16	82.89%

Financial Statements

Periods / Units / Analysis

Fundamentals

Valuations

Mode

Miscellaneous

Ticker

Industry

Sector

The Andersons, Inc. (ANDE)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener