Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Empire State Realty OP, L.P. (ESBA)

Company Dividend Discount ModelIndustry: REIT - OfficeSector: Real Estate

Valuation Snapshot

Stable Growth$1.30 - $1.90$1.59
Multi-Stage$2.58 - $2.84$2.71
Blended Fair Value$2.15
Current Price$7.66
Upside-71.93%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-20.94%-3.63%0.090.080.090.070.140.280.260.250.210.15
YoY Growth--2.37%-1.84%27.60%-51.29%-50.55%6.12%6.09%19.67%42.44%16.62%
Dividend Yield--1.10%0.87%1.32%0.68%1.24%3.11%1.65%1.47%1.00%0.83%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)46.99
(-) Cash Dividends Paid (M)23.47
(=) Cash Retained (M)23.53
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)9.405.873.52
Cash Retained (M)23.5323.5323.53
(-) Cash Required (M)-9.40-5.87-3.52
(=) Excess Retained (M)14.1317.6520.00
(/) Shares Outstanding (M)269.71269.71269.71
(=) Excess Retained per Share0.050.070.07
LTM Dividend per Share0.090.090.09
(+) Excess Retained per Share0.050.070.07
(=) Adjusted Dividend0.140.150.16
WACC / Discount Rate7.73%7.73%7.73%
Growth Rate-2.68%-1.68%-0.68%
Fair Value$1.30$1.59$1.90
Upside / Downside-82.98%-79.19%-75.14%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)46.9946.2145.4344.6743.9243.1844.48
Payout Ratio49.94%57.95%65.96%73.98%81.99%90.00%92.50%
Projected Dividends (M)23.4726.7829.9733.0436.0138.8741.14

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.73%7.73%7.73%
Growth Rate-2.68%-1.68%-0.68%
Year 1 PV (M)24.6024.8625.11
Year 2 PV (M)25.3025.8226.35
Year 3 PV (M)25.6326.4327.24
Year 4 PV (M)25.6626.7327.84
Year 5 PV (M)25.4526.7928.18
PV of Terminal Value (M)569.67599.54630.65
Equity Value (M)696.31730.17765.37
Shares Outstanding (M)269.71269.71269.71
Fair Value$2.58$2.71$2.84
Upside / Downside-66.30%-64.66%-62.95%

High-Yield Dividend Screener

« Prev Page 68 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
0316.HKOrient Overseas (International) Limited2.19%$2.7948.77%
3109.TShikibo Ltd.2.19%$22.8930.55%
3679.TZIGExN Co., Ltd.2.19%$10.5526.56%
4516.TNippon Shinyaku Co., Ltd.2.19%$123.8726.14%
4617.TChugoku Marine Paints, Ltd.2.19%$96.7242.42%
600051.SSNingbo United Group Co.,Ltd.2.19%$0.1755.08%
603799.SSZhejiang Huayou Cobalt Co., Ltd2.19%$1.4948.01%
7233.KLDufu Technology Corp. Berhad2.19%$0.0495.65%
9064.TYamato Holdings Co., Ltd.2.19%$48.3336.15%
9948.TARCS Company Limited2.19%$74.0133.92%
000049.SZShenzhen Desay Battery Technology Co., Ltd.2.18%$0.5954.00%
000153.SZAnhui Fengyuan Pharmaceutical Co., Ltd.2.18%$0.1455.80%
002237.SZShandong Humon Smelting Co., Ltd.2.18%$0.2961.47%
002626.SZXiamen Kingdomway Group Company2.18%$0.4354.26%
2468.TWFortune Information Systems Corp2.18%$0.9078.36%
300815.SZEIT Environmental Development Group Co.,Ltd2.18%$0.5038.67%
300910.SZXinxiang Richful Lube Additive Co., Ltd2.18%$1.2345.00%
4908.TWOAPAC Opto Electronics Inc.2.18%$1.7472.09%
601369.SSXi'an Shaangu Power Co., Ltd.2.18%$0.2237.55%
067160.KQSoop Co., Ltd.2.17%$1,492.2515.52%
3898.HKZhuzhou CRRC Times Electric Co., Ltd.2.17%$0.8329.19%
4507.TShionogi & Co., Ltd.2.17%$61.6530.72%
603383.SSFujian Apex Software Co.,LTD2.17%$0.7883.82%
603568.SSZhejiang Weiming Environment Protection Co., Ltd.2.17%$0.5534.14%
7181.TJapan Post Insurance Co., Ltd.2.17%$102.1324.56%
053800.KQAhnLab, Inc.2.16%$1,304.4028.50%
0QI9.LCreades AB2.16%$1.5916.64%
601233.SSTongkun Group Co., Ltd.2.16%$0.3750.52%
605056.SSXianheng International Science&Technology Co., Ltd.2.16%$0.3657.45%
MGICMagic Software Enterprises Ltd.2.16%$0.5669.02%
002311.SZGuangdong Haid Group Co., Limited2.15%$1.1939.51%
3727.TAplix Corporation2.15%$3.4454.78%
603586.SSShandong Gold Phoenix Co.,Ltd2.15%$0.4151.17%
6268.TNabtesco Corporation2.15%$80.7460.45%
ATRLJ-B.STAtrium Ljungberg AB (publ)2.15%$0.7141.67%
BPAN4.SABanco Pan S.A.2.15%$0.2441.77%
NCM.AXNewcrest Mining Limited2.15%$0.5038.39%
PARAUCO.SNParque Arauco S.A.2.15%$62.7342.33%
SHANG.BKShangri-La Hotel Public Company Limited2.15%$1.0056.93%
VZUG.SWV-ZUG Holding AG2.15%$0.9119.03%
WTIF.SGWisdomTree Japan Equity UCITS ETF2.15%$0.9891.42%
002258.SZLier Chemical Co.,LTD.2.14%$0.2848.19%
002605.SZShanghai Yaoji Technology Co., Ltd.2.14%$0.5042.55%
0GZV.ILGetinge AB (publ)2.14%$4.6761.88%
0PMJ.LSiemens Healthineers AG2.14%$0.9549.72%
300482.SZGuangzhou Wondfo Biotech Co.,Ltd2.14%$0.4274.45%
5288.KLSime Darby Property Berhad2.14%$0.0342.63%
603218.SSRiyue Heavy Industry Co., Ltd.2.14%$0.2852.42%
BXB.AXBrambles Limited2.14%$0.4940.03%
POBS.BOPlatinumOne Business Services2.14%$3.0015.69%