DDM Analysis: AAON

Valuation Snapshot

Stable Growth	$28.26 - $74.97	$43.22
Multi-Stage	$19.49 - $21.29	$20.38
Blended Fair Value	$31.80
Current Price	$93.44
Upside	-65.97%
Decision	Don't Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	9.40%	10.45%	0.31	0.32	0.28	0.24	0.24	0.20	0.20	0.16	0.15	0.14
YoY Growth	-	-	-1.37%	15.39%	14.89%	0.67%	19.04%	-0.50%	22.43%	7.79%	6.91%	22.79%
Dividend Yield	-	-	0.40%	0.36%	0.43%	0.65%	0.51%	0.62%	0.65%	0.63%	0.65%	0.76%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	100.25
(-) Cash Dividends Paid (M)	30.95
(=) Cash Retained (M)	69.30

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	20.05	12.53	7.52
Cash Retained (M)	69.30	69.30	69.30
(-) Cash Required (M)	-20.05	-12.53	-7.52
(=) Excess Retained (M)	49.25	56.77	61.78
(/) Shares Outstanding (M)	83.21	83.21	83.21
(=) Excess Retained per Share	0.59	0.68	0.74
LTM Dividend per Share	0.37	0.37	0.37
(+) Excess Retained per Share	0.59	0.68	0.74
(=) Adjusted Dividend	0.96	1.05	1.11
WACC / Discount Rate	9.10%	9.10%	9.10%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$28.26	$43.22	$74.97
Upside / Downside	-69.75%	-53.75%	-19.77%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	100.25	106.77	113.71	121.10	128.97	137.35	141.47
Payout Ratio	30.87%	42.70%	54.52%	66.35%	78.17%	90.00%	92.50%
Projected Dividends (M)	30.95	45.59	62.00	80.35	100.82	123.62	130.86

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	9.10%	9.10%	9.10%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	41.39	41.79	42.18
Year 2 PV (M)	51.11	52.09	53.07
Year 3 PV (M)	60.15	61.88	63.64
Year 4 PV (M)	68.53	71.17	73.88
Year 5 PV (M)	76.30	79.98	83.81
PV of Terminal Value (M)	1,324.52	1,388.50	1,454.92
Equity Value (M)	1,622.01	1,695.40	1,771.49
Shares Outstanding (M)	83.21	83.21	83.21
Fair Value	$19.49	$20.38	$21.29
Upside / Downside	-79.14%	-78.19%	-77.22%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 68 of 151 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
0316.HK	Orient Overseas (International) Limited	2.19%	$2.79	48.77%
3109.T	Shikibo Ltd.	2.19%	$22.89	30.55%
3679.T	ZIGExN Co., Ltd.	2.19%	$10.55	26.56%
4516.T	Nippon Shinyaku Co., Ltd.	2.19%	$123.87	26.14%
4617.T	Chugoku Marine Paints, Ltd.	2.19%	$96.72	42.42%
600051.SS	Ningbo United Group Co.,Ltd.	2.19%	$0.17	55.08%
603799.SS	Zhejiang Huayou Cobalt Co., Ltd	2.19%	$1.49	48.01%
7233.KL	Dufu Technology Corp. Berhad	2.19%	$0.04	95.65%
9064.T	Yamato Holdings Co., Ltd.	2.19%	$48.33	36.15%
9948.T	ARCS Company Limited	2.19%	$74.01	33.92%
000049.SZ	Shenzhen Desay Battery Technology Co., Ltd.	2.18%	$0.59	54.00%
000153.SZ	Anhui Fengyuan Pharmaceutical Co., Ltd.	2.18%	$0.14	55.80%
002237.SZ	Shandong Humon Smelting Co., Ltd.	2.18%	$0.29	61.47%
002626.SZ	Xiamen Kingdomway Group Company	2.18%	$0.43	54.26%
2468.TW	Fortune Information Systems Corp	2.18%	$0.90	78.36%
300815.SZ	EIT Environmental Development Group Co.,Ltd	2.18%	$0.50	38.67%
300910.SZ	Xinxiang Richful Lube Additive Co., Ltd	2.18%	$1.23	45.00%
4908.TWO	APAC Opto Electronics Inc.	2.18%	$1.74	72.09%
601369.SS	Xi'an Shaangu Power Co., Ltd.	2.18%	$0.22	37.55%
067160.KQ	Soop Co., Ltd.	2.17%	$1,492.25	15.52%
3898.HK	Zhuzhou CRRC Times Electric Co., Ltd.	2.17%	$0.83	29.19%
4507.T	Shionogi & Co., Ltd.	2.17%	$61.65	30.72%
603383.SS	Fujian Apex Software Co.,LTD	2.17%	$0.78	83.82%
603568.SS	Zhejiang Weiming Environment Protection Co., Ltd.	2.17%	$0.55	34.14%
7181.T	Japan Post Insurance Co., Ltd.	2.17%	$102.13	24.56%
053800.KQ	AhnLab, Inc.	2.16%	$1,304.40	28.50%
0QI9.L	Creades AB	2.16%	$1.59	16.64%
601233.SS	Tongkun Group Co., Ltd.	2.16%	$0.37	50.52%
605056.SS	Xianheng International Science&Technology Co., Ltd.	2.16%	$0.36	57.45%
MGIC	Magic Software Enterprises Ltd.	2.16%	$0.56	69.02%
002311.SZ	Guangdong Haid Group Co., Limited	2.15%	$1.19	39.51%
3727.T	Aplix Corporation	2.15%	$3.44	54.78%
603586.SS	Shandong Gold Phoenix Co.,Ltd	2.15%	$0.41	51.17%
6268.T	Nabtesco Corporation	2.15%	$80.74	60.45%
ATRLJ-B.ST	Atrium Ljungberg AB (publ)	2.15%	$0.71	41.67%
BPAN4.SA	Banco Pan S.A.	2.15%	$0.24	41.77%
NCM.AX	Newcrest Mining Limited	2.15%	$0.50	38.39%
PARAUCO.SN	Parque Arauco S.A.	2.15%	$62.73	42.33%
SHANG.BK	Shangri-La Hotel Public Company Limited	2.15%	$1.00	56.93%
VZUG.SW	V-ZUG Holding AG	2.15%	$0.91	19.03%
WTIF.SG	WisdomTree Japan Equity UCITS ETF	2.15%	$0.98	91.42%
002258.SZ	Lier Chemical Co.,LTD.	2.14%	$0.28	48.19%
002605.SZ	Shanghai Yaoji Technology Co., Ltd.	2.14%	$0.50	42.55%
0GZV.IL	Getinge AB (publ)	2.14%	$4.67	61.88%
0PMJ.L	Siemens Healthineers AG	2.14%	$0.95	49.72%
300482.SZ	Guangzhou Wondfo Biotech Co.,Ltd	2.14%	$0.42	74.45%
5288.KL	Sime Darby Property Berhad	2.14%	$0.03	42.63%
603218.SS	Riyue Heavy Industry Co., Ltd.	2.14%	$0.28	52.42%
BXB.AX	Brambles Limited	2.14%	$0.49	40.03%
POBS.BO	PlatinumOne Business Services	2.14%	$3.00	15.69%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

AAON, Inc. (AAON)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener