Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Tanger Inc. (SKT)

Company Dividend Discount ModelIndustry: REIT - RetailSector: Real Estate

Valuation Snapshot

Stable Growth$8.18 - $12.33$10.14
Multi-Stage$12.77 - $13.99$13.37
Blended Fair Value$11.75
Current Price$33.84
Upside-65.26%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%0.000.910.740.640.581.161.151.141.240.92
YoY Growth---100.00%23.22%16.28%8.80%-49.83%1.08%0.83%-7.74%34.53%15.95%
Dividend Yield--0.00%3.10%3.77%3.70%3.86%23.29%5.66%5.19%3.78%2.53%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)107.80
(-) Cash Dividends Paid (M)62.70
(=) Cash Retained (M)45.10
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)21.5613.488.09
Cash Retained (M)45.1045.1045.10
(-) Cash Required (M)-21.56-13.48-8.09
(=) Excess Retained (M)23.5431.6337.02
(/) Shares Outstanding (M)113.91113.91113.91
(=) Excess Retained per Share0.210.280.32
LTM Dividend per Share0.550.550.55
(+) Excess Retained per Share0.210.280.32
(=) Adjusted Dividend0.760.830.88
WACC / Discount Rate8.80%8.80%8.80%
Growth Rate-0.41%0.59%1.59%
Fair Value$8.18$10.14$12.33
Upside / Downside-75.81%-70.03%-63.56%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)107.80108.43109.07109.72110.36111.01114.34
Payout Ratio58.16%64.53%70.90%77.27%83.63%90.00%92.50%
Projected Dividends (M)62.7069.9777.3384.7792.3099.91105.77

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.80%8.80%8.80%
Growth Rate-0.41%0.59%1.59%
Year 1 PV (M)63.6764.3164.95
Year 2 PV (M)64.0365.3366.63
Year 3 PV (M)63.8865.8267.80
Year 4 PV (M)63.2865.8668.52
Year 5 PV (M)62.3465.5368.85
PV of Terminal Value (M)1,137.421,195.691,256.31
Equity Value (M)1,454.621,522.541,593.07
Shares Outstanding (M)113.91113.91113.91
Fair Value$12.77$13.37$13.99
Upside / Downside-62.26%-60.50%-58.67%

High-Yield Dividend Screener

« Prev Page 64 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
WAC.DEWacker Neuson SE2.39%$0.6066.56%
002984.SZQingdao Sentury Tire Co., Ltd.2.38%$0.5036.63%
003650.KSMichang Oil Ind .Co.,Ltd.2.38%$2,999.969.11%
008420.KSMoonbaesteel Co.,Ltd2.38%$49.9345.80%
033270.KSKorea United Pharm Inc.2.38%$452.5915.84%
2200.SRArabian Pipes Company2.38%$0.1119.59%
600916.SSChina National Gold Group Gold Jewellery Co.,Ltd.2.38%$0.1975.48%
6683.TWOKeystone Microtech Corporation2.38%$9.9865.32%
8255.TAxial Retailing Inc.2.38%$27.3926.77%
CPIN.JKPT Charoen Pokphand Indonesia Tbk2.38%$108.0046.06%
ECILC.ISEIS Eczacibasi Ilaç, Sinai ve Finansal Yatirimlar Sanayi ve Ticaret A.S.2.38%$1.9955.96%
MALEE.BKMalee Group Public Company Limited2.38%$0.1027.58%
MERC4.SAMercantil Financeira S.A. - Crédito, Financiamento e Investimento2.38%$0.3033.30%
002734.SZLimin Group Co., Ltd.2.37%$0.3841.84%
0RC6.LPharma Mar, S.A.2.37%$0.7933.20%
601066.SSCSC Financial Co., Ltd.2.37%$0.6349.15%
601199.SSJiangsu Jiangnan Water Co., Ltd.2.37%$0.1330.40%
6752.TPanasonic Holdings Corporation2.37%$48.0035.05%
8732.TMoney Partners Group Co.,Ltd.2.37%$11.2256.03%
TMILL.BKT S Flour Mill Public Company Limited2.37%$0.0550.08%
000923.SZHBIS Resources Co., Ltd.2.36%$0.5062.02%
003100.KQSUN KWANG CO.,Ltd.2.36%$450.009.05%
0322.HKTingyi (Cayman Islands) Holding Corp.2.36%$0.2837.83%
092780.KSDYP Co.,Ltd2.36%$80.0413.83%
194370.KSJS Corporation2.36%$289.3014.00%
300498.SZWens Foodstuff Group Co., Ltd.2.36%$0.4033.81%
3715.TWDynamic Holding Co., Ltd.2.36%$3.0087.49%
601126.SSBeijing Sifang Automation Co.,Ltd2.36%$0.7174.03%
603167.SSBohai Ferry Group Co., Ltd.2.36%$0.2236.07%
6062.TCharm Care Corporation2.36%$29.9333.34%
6197.TSolasto Corporation2.36%$20.0442.12%
6586.TMakita Corporation2.36%$111.8037.02%
GUNA.JKGunanusa Eramandiri Tbk.2.36%$7.1827.33%
LLQ.SWLalique Group S.A.2.36%$0.8354.12%
003480.KSHanjin Heavy Industries & Construction Holdings Co., Ltd.2.35%$109.434.27%
007310.KSOtoki Corporation2.35%$9,000.8630.39%
200130.KQKolmar BNH Co., Ltd.2.35%$308.5362.12%
5263.KLSunway Construction Group Bhd2.35%$0.1363.40%
7522.TWatami Co., Ltd.2.35%$22.6923.93%
ALMOU.PAMoulinvest S.A.2.35%$0.5245.03%
AMFG.JKPT Asahimas Flat Glass Tbk2.35%$80.2525.12%
DIF.BKDigital Telecommunications Infrastructure Fund2.35%$0.2219.79%
002959.SZBear Electric Appliance Co.,Ltd.2.34%$0.9944.00%
069080.KQWebzen Inc.2.34%$303.4628.97%
2421.TWSunonwealth Electric Machine Industry Co., Ltd.2.34%$3.7151.15%
300470.SZSinoseal Holding Co., Ltd.2.34%$0.8845.78%
3031.TRACCOON HOLDINGS, Inc.2.34%$15.1438.54%
4260.SRUnited International Transportation Company2.34%$1.4533.16%
600211.SSTibet Rhodiola Pharmaceutical Holding Co.2.34%$1.0032.69%
600739.SSLiaoning Cheng Da Co., Ltd.2.34%$0.2646.23%