Definitive Analysis
Definitive Analysis

Financial Statements

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Ticker

Industry

Sector

Hancock Whitney Corporation - 6 (HWCPZ)

Company Dividend Discount ModelIndustry: Banks - RegionalSector: Financial Services

Valuation Snapshot

Stable Growth$262.66 - $1,105.68$658.90
Multi-Stage$156.89 - $171.86$164.24
Blended Fair Value$411.57
Current Price$62.61
Upside557.36%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS6.64%4.99%1.521.211.101.111.111.101.030.970.890.89
YoY Growth--24.97%10.84%-1.53%0.34%0.77%6.79%6.69%8.77%-0.60%-4.20%
Dividend Yield--2.89%2.71%3.01%2.13%2.64%5.64%2.47%1.87%1.95%3.89%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)482.58
(-) Cash Dividends Paid (M)151.28
(=) Cash Retained (M)331.30
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)96.5260.3236.19
Cash Retained (M)331.30331.30331.30
(-) Cash Required (M)-96.52-60.32-36.19
(=) Excess Retained (M)234.78270.97295.10
(/) Shares Outstanding (M)86.1886.1886.18
(=) Excess Retained per Share2.723.143.42
LTM Dividend per Share1.761.761.76
(+) Excess Retained per Share2.723.143.42
(=) Adjusted Dividend4.484.905.18
WACC / Discount Rate6.52%6.52%6.52%
Growth Rate4.73%5.73%6.73%
Fair Value$262.66$658.90$1,105.68
Upside / Downside319.52%952.39%1,665.98%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)482.58510.24539.50570.43603.14637.72656.85
Payout Ratio31.35%43.08%54.81%66.54%78.27%90.00%92.50%
Projected Dividends (M)151.28219.81295.69379.56472.07573.94607.58

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.52%6.52%6.52%
Growth Rate4.73%5.73%6.73%
Year 1 PV (M)204.40206.35208.30
Year 2 PV (M)255.70260.60265.56
Year 3 PV (M)305.22314.04323.04
Year 4 PV (M)353.00366.68380.75
Year 5 PV (M)399.10418.52438.69
PV of Terminal Value (M)12,003.7112,587.8213,194.45
Equity Value (M)13,521.1414,154.0314,810.80
Shares Outstanding (M)86.1886.1886.18
Fair Value$156.89$164.24$171.86
Upside / Downside150.59%162.32%174.49%

High-Yield Dividend Screener

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