Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

United Insurance Holdings Corp. (UIHC)

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

Valuation Snapshot

Stable Growth$69.13 - $104.08$85.65
Multi-Stage$119.11 - $131.14$125.01
Blended Fair Value$105.33
Current Price$7.70
Upside1,267.90%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS18.58%21.87%0.490.000.050.210.210.210.210.180.100.09
YoY Growth--0.00%-100.00%-74.99%0.36%0.32%0.12%14.20%80.76%15.62%28.96%
Dividend Yield--6.31%0.00%1.85%6.30%2.88%2.24%1.26%0.95%0.63%0.45%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)402.09
(-) Cash Dividends Paid (M)24.10
(=) Cash Retained (M)377.98
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)80.4250.2630.16
Cash Retained (M)377.98377.98377.98
(-) Cash Required (M)-80.42-50.26-30.16
(=) Excess Retained (M)297.57327.72347.83
(/) Shares Outstanding (M)49.6249.6249.62
(=) Excess Retained per Share6.006.607.01
LTM Dividend per Share0.490.490.49
(+) Excess Retained per Share6.006.607.01
(=) Adjusted Dividend6.487.097.50
WACC / Discount Rate7.81%7.81%7.81%
Growth Rate-1.43%-0.43%0.57%
Fair Value$69.13$85.65$104.08
Upside / Downside797.85%1,012.33%1,251.69%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)402.09400.36398.64396.94395.23393.54405.35
Payout Ratio5.99%22.80%39.60%56.40%73.20%90.00%92.50%
Projected Dividends (M)24.1091.26157.85223.86289.31354.19374.94

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.81%7.81%7.81%
Growth Rate-1.43%-0.43%0.57%
Year 1 PV (M)83.8084.6585.50
Year 2 PV (M)133.08135.80138.54
Year 3 PV (M)173.30178.63184.07
Year 4 PV (M)205.65214.12222.85
Year 5 PV (M)231.17243.14255.60
PV of Terminal Value (M)5,083.455,346.595,620.52
Equity Value (M)5,910.456,202.936,507.07
Shares Outstanding (M)49.6249.6249.62
Fair Value$119.11$125.01$131.14
Upside / Downside1,446.93%1,523.48%1,603.08%

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