DDM Analysis: BAC

Valuation Snapshot

Stable Growth	$91.56 - $248.14	$140.93
Multi-Stage	$62.85 - $68.64	$65.69
Blended Fair Value	$103.31
Current Price	$51.59
Upside	100.25%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	9.88%	15.21%	1.23	1.18	1.11	1.04	1.00	0.77	0.89	0.74	0.54	0.46
YoY Growth	-	-	4.58%	5.96%	6.47%	4.24%	30.22%	-13.94%	20.96%	35.91%	17.35%	54.99%
Dividend Yield	-	-	2.95%	3.14%	3.88%	2.53%	2.59%	3.62%	3.13%	2.46%	2.30%	3.42%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	29,646.00
(-) Cash Dividends Paid (M)	9,478.00
(=) Cash Retained (M)	20,168.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	5,929.20	3,705.75	2,223.45
Cash Retained (M)	20,168.00	20,168.00	20,168.00
(-) Cash Required (M)	-5,929.20	-3,705.75	-2,223.45
(=) Excess Retained (M)	14,238.80	16,462.25	17,944.55
(/) Shares Outstanding (M)	7,723.30	7,723.30	7,723.30
(=) Excess Retained per Share	1.84	2.13	2.32
LTM Dividend per Share	1.23	1.23	1.23
(+) Excess Retained per Share	1.84	2.13	2.32
(=) Adjusted Dividend	3.07	3.36	3.55
WACC / Discount Rate	9.04%	9.04%	9.04%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$91.56	$140.93	$248.14
Upside / Downside	77.48%	173.17%	380.99%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	29,646.00	31,572.99	33,625.23	35,810.87	38,138.58	40,617.59	41,836.12
Payout Ratio	31.97%	43.58%	55.18%	66.79%	78.39%	90.00%	92.50%
Projected Dividends (M)	9,478.00	13,758.39	18,555.20	23,917.45	29,898.40	36,555.83	38,698.41

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	9.04%	9.04%	9.04%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	12,499.48	12,617.96	12,736.44
Year 2 PV (M)	15,314.89	15,606.59	15,901.05
Year 3 PV (M)	17,934.42	18,449.25	18,973.84
Year 4 PV (M)	20,367.82	21,151.11	21,956.78
Year 5 PV (M)	22,624.42	23,717.18	24,851.77
PV of Terminal Value (M)	396,648.39	415,806.65	435,698.15
Equity Value (M)	485,389.41	507,348.75	530,118.03
Shares Outstanding (M)	7,723.30	7,723.30	7,723.30
Fair Value	$62.85	$65.69	$68.64
Upside / Downside	21.82%	27.33%	33.05%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 63 of 151 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
112610.KS	CS Wind Corporation	2.43%	$982.89	21.73%
300452.SZ	Anhui Sunhere Pharmaceutical Excipients Co.,Ltd.	2.43%	$0.33	58.46%
603599.SS	Anhui Guangxin Agrochemical Co., Ltd.	2.43%	$0.28	35.02%
605286.SS	Jiangsu Tongli Risheng Machinery Co., Ltd.	2.43%	$0.99	75.51%
9569.SR	Almuneef Company for Trade, Industry, Agriculture and Contracting	2.43%	$0.20	19.26%
ALV	Autoliv, Inc.	2.43%	$2.97	30.32%
KEPEN.AT	Flour Mills Kepenos S.A.	2.43%	$0.05	39.82%
MSAB-B.ST	Micro Systemation AB (publ)	2.43%	$1.50	65.33%
NEOE3.SA	Neoenergia S.A.	2.43%	$0.77	21.26%
OV8.SI	Sheng Siong Group Ltd	2.43%	$0.06	66.54%
VIL.PA	VIEL & Cie, S.A.	2.43%	$0.40	12.44%
002236.SZ	Zhejiang Dahua Technology Co., Ltd.	2.42%	$0.46	38.43%
006730.KQ	Seobu T&D Co., Ltd.	2.42%	$309.73	27.66%
071050.KS	Korea Investment Holdings Co., Ltd.	2.42%	$3,984.93	13.09%
0DQK.L	Beter Bed Holding N.V.	2.42%	$0.15	53.98%
2409.TW	AUO Corporation	2.42%	$0.31	41.22%
300453.SZ	Jiangxi Sanxin Medtec Co.,Ltd.	2.42%	$0.21	45.08%
600064.SS	Nanjing Gaoke Company Limited	2.42%	$0.21	15.60%
601236.SS	Hongta Securities Co., Ltd.	2.42%	$0.20	95.69%
9550.SR	Sure Global Tech Company	2.42%	$1.52	28.67%
9562.SR	Foods Gate Trading Co.	2.42%	$0.67	13.40%
AEONTS-R.BK	AEON Thana Sinsap (Thailand) Public Company Limited	2.42%	$2.60	21.04%
NMAN.ST	Nederman Holding AB (publ)	2.42%	$4.00	47.45%
SALIK.AE	Salik Company P.J.S.C.	2.42%	$0.16	83.74%
SKMO.ST	Skåne-möllan AB (publ)	2.42%	$1.40	96.86%
001130.KS	Daehan Flour Mills Co.,Ltd	2.41%	$3,470.92	10.83%
080160.KQ	Modetour Network Inc.	2.41%	$249.37	24.80%
0U96.L	Everest Re Group, Ltd.	2.41%	$8.07	61.23%
3591.T	Wacoal Holdings Corp.	2.41%	$106.27	49.77%
601966.SS	Shandong Linglong Tyre Co.,Ltd.	2.41%	$0.35	42.43%
7951.T	Yamaha Corporation	2.41%	$26.35	66.95%
BORG.ST	Björn Borg AB (publ)	2.41%	$1.50	43.49%
EIOF.OL	Eidesvik Offshore ASA	2.41%	$0.30	28.32%
ETTE.HE	Etteplan Oyj	2.41%	$0.23	71.21%
ZZ-B.ST	Zinzino AB (publ)	2.41%	$3.76	58.64%
002968.SZ	New Dazheng Property Group Co., Ltd.	2.40%	$0.29	59.28%
0NZN.L	Robertet S.A.	2.40%	$21.10	23.60%
4015.SR	Jamjoom Pharmaceuticals Factory Company	2.40%	$3.46	54.14%
7703.TWO	Rayzher	2.40%	$5.49	59.71%
BBL.AX	Brisbane Broncos Limited	2.40%	$0.04	25.15%
002158.SZ	Shanghai Hanbell Precise Machinery Co., Ltd.	2.39%	$0.60	60.14%
004690.KS	Samchully Co.,Ltd	2.39%	$3,000.02	10.30%
0GVS.L	Catena AB (publ)	2.39%	$8.76	32.84%
300577.SZ	Anhui Korrun Co., Ltd.	2.39%	$0.51	36.22%
3044.TW	Tripod Technology Corporation	2.39%	$7.48	42.14%
603080.SS	Xinjiang Torch Gas Co., Ltd	2.39%	$0.57	43.55%
6780.TWO	Study King Co., Ltd.	2.39%	$0.80	89.60%
6804.T	Hosiden Corporation	2.39%	$59.44	25.81%
KBLM.JK	PT Kabelindo Murni Tbk	2.39%	$8.08	12.05%
SCANFL.HE	Scanfil Oyj	2.39%	$0.24	42.33%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Ticker

Industry

Sector

Bank of America Corporation (BAC)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener