Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

COPT Defense Properties (CDP)

Company Dividend Discount ModelIndustry: REIT - OfficeSector: Real Estate

Valuation Snapshot

Stable Growth$14.68 - $23.91$18.81
Multi-Stage$22.44 - $24.61$23.51
Blended Fair Value$21.16
Current Price$29.06
Upside-27.18%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-90.08%-67.73%0.001.121.091.091.091.081.010.960.920.91
YoY Growth---100.00%2.86%0.10%0.13%0.58%7.32%4.68%4.84%0.48%7.59%
Dividend Yield--0.00%4.73%4.60%3.82%4.14%4.89%3.69%3.76%2.78%3.49%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)149.94
(-) Cash Dividends Paid (M)67.70
(=) Cash Retained (M)82.24
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)29.9918.7411.25
Cash Retained (M)82.2482.2482.24
(-) Cash Required (M)-29.99-18.74-11.25
(=) Excess Retained (M)52.2563.4970.99
(/) Shares Outstanding (M)113.28113.28113.28
(=) Excess Retained per Share0.460.560.63
LTM Dividend per Share0.600.600.60
(+) Excess Retained per Share0.460.560.63
(=) Adjusted Dividend1.061.161.22
WACC / Discount Rate7.78%7.78%7.78%
Growth Rate0.53%1.53%2.53%
Fair Value$14.68$18.81$23.91
Upside / Downside-49.47%-35.26%-17.72%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)149.94152.23154.56156.93159.33161.77166.62
Payout Ratio45.15%54.12%63.09%72.06%81.03%90.00%92.50%
Projected Dividends (M)67.7082.3997.51113.08129.10145.59154.12

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.78%7.78%7.78%
Growth Rate0.53%1.53%2.53%
Year 1 PV (M)75.6976.4477.19
Year 2 PV (M)82.3083.9485.60
Year 3 PV (M)87.6790.3293.01
Year 4 PV (M)91.9695.6799.49
Year 5 PV (M)95.26100.10105.12
PV of Terminal Value (M)2,109.452,216.482,327.80
Equity Value (M)2,542.332,662.942,788.23
Shares Outstanding (M)113.28113.28113.28
Fair Value$22.44$23.51$24.61
Upside / Downside-22.77%-19.10%-15.30%

High-Yield Dividend Screener

« Prev Page 69 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
SIE.DESiemens AG2.14%$5.1641.34%
TBIG.JKPT Tower Bersama Infrastructure Tbk2.14%$55.6585.41%
VNX.DENXP Semiconductors N.V.2.14%$4.0549.93%
010100.KSKorea Movenex Co., Ltd.2.13%$99.689.18%
300154.SZShenzhen Riland Industry Group Co., Ltd2.13%$0.2190.73%
600848.SSShanghai Lingang Holdings Co.,Ltd.2.13%$0.2539.80%
7259.TAisin Corporation2.13%$62.3927.27%
ALBRK.ISAlbaraka Türk Katilim Bankasi A.S.2.13%$0.173.51%
BURBurford Capital Limited2.13%$0.1947.60%
ECSC.LECSC Group plc2.13%$1.1222.10%
PR9.BKPraram 9 Hospital Public Company Limited2.13%$0.4038.51%
000630.SZTongling Nonferrous Metals Group Co.,Ltd.2.12%$0.1392.15%
000878.SZYunnan Copper Co., Ltd.2.12%$0.4467.43%
002223.SZJiangsu Yuyue Medical Equipment & Supply Co., Ltd.2.12%$0.8146.42%
002731.SZShenyang Cuihua Gold and Silver Jewelry Co., Ltd.2.12%$0.2724.86%
0RKK.LVolati AB2.12%$2.2057.57%
0RVK.LBefesa S.A.2.12%$0.7464.88%
163560.KSDRB Industrial Co., Ltd.2.12%$146.7836.08%
2641.TWOFranbo Lines Corp.2.12%$0.4325.10%
443060.KSHdhms2.12%$4,099.9369.50%
605500.SSForest Packaging Group Co.,Ltd.2.12%$0.1989.23%
6455.TMorita Holdings Corporation2.12%$58.4524.57%
CCOLA.ISCoca-Cola Içecek Anonim Sirketi2.12%$1.2625.02%
MTWI.JKPT Malacca Trust Wuwungan Insurance Tbk2.12%$7.8425.68%
PNDX-B.STPandox AB (publ)2.12%$4.2540.78%
000860.KSKangnam Jevisco Co., Ltd2.11%$292.3959.03%
002440.SZZhejiang Runtu Co., Ltd.2.11%$0.1660.72%
002973.SZQiaoyin City Management Co.,Ltd.2.11%$0.2959.79%
0400.HKIngdan, Inc.2.11%$0.0622.33%
0Z4I.LSunny Optical Technology (Group) Company Limited2.11%$0.7115.45%
200771.SZHangzhou Steam Turbine Co., Ltd.2.11%$0.2859.18%
285130.KSSK Chemicals Co.,Ltd2.11%$1,396.2531.71%
688558.SSNantong Guosheng Intelligence Technology Group Co., Ltd.2.11%$0.6153.65%
NRDF.CONordfyns Bank A/S2.11%$13.0894.24%
001880.KSDL Construction Co., Ltd.2.10%$300.9316.73%
002967.SZGRG Metrology & Test Group Co. Ltd. Class A2.10%$0.4662.67%
023350.KSKorea Engineering Consultants Corp.2.10%$100.0016.54%
1423.TWReward Wool Industry Corporation2.10%$0.7918.73%
2811.TKagome Co., Ltd.2.10%$56.5639.32%
601456.SSGuolian Minsheng Securities Co., Ltd.2.10%$0.2168.71%
U10.SIUOB-Kay Hian Holdings Limited2.10%$0.0524.07%
UNBL.PAUnibel S.A.2.10%$24.7334.10%
3979.TUluru.Co.,Ltd.2.09%$8.7136.14%
600309.SSWanhua Chemical Group Co., Ltd.2.09%$1.6045.09%
7714.TWOUniforce Technology Corp.2.09%$3.8369.36%
ALIG.STAlimak Group AB (publ)2.09%$2.9845.61%
002226.SZAnhui Jiangnan Chemical Industry Co., Ltd.2.08%$0.1239.66%
002706.SZShanghai Liangxin Electrical Co.,LTD.2.08%$0.2279.51%
002763.SZShenzhen Huijie Group Co., Ltd.2.08%$0.1578.60%
4016.SRMiddle East Pharmaceutical Industries Company2.08%$2.3548.29%