Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Terex Corporation (TEX)

Company Dividend Discount ModelIndustry: Agricultural - MachinerySector: Industrials

Valuation Snapshot

Stable Growth$37.54 - $71.37$51.18
Multi-Stage$29.07 - $31.70$30.36
Blended Fair Value$40.77
Current Price$51.30
Upside-20.53%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS7.94%7.75%0.690.650.530.500.130.470.450.440.450.39
YoY Growth--6.48%21.35%6.27%298.81%-73.25%4.67%1.69%-1.67%16.28%18.35%
Dividend Yield--1.83%1.03%1.10%1.41%0.27%3.28%1.37%1.18%1.43%1.55%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)156.00
(-) Cash Dividends Paid (M)46.00
(=) Cash Retained (M)110.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)31.2019.5011.70
Cash Retained (M)110.00110.00110.00
(-) Cash Required (M)-31.20-19.50-11.70
(=) Excess Retained (M)78.8090.5098.30
(/) Shares Outstanding (M)66.7066.7066.70
(=) Excess Retained per Share1.181.361.47
LTM Dividend per Share0.690.690.69
(+) Excess Retained per Share1.181.361.47
(=) Adjusted Dividend1.872.052.16
WACC / Discount Rate10.76%10.76%10.76%
Growth Rate5.50%6.50%7.50%
Fair Value$37.54$51.18$71.37
Upside / Downside-26.83%-0.24%39.11%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)156.00166.14176.94188.44200.69213.73220.15
Payout Ratio29.49%41.59%53.69%65.79%77.90%90.00%92.50%
Projected Dividends (M)46.0069.1095.00123.98156.33192.36203.63

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate10.76%10.76%10.76%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)61.8062.3962.97
Year 2 PV (M)75.9977.4478.90
Year 3 PV (M)88.7091.2593.84
Year 4 PV (M)100.03103.88107.84
Year 5 PV (M)110.09115.40120.93
PV of Terminal Value (M)1,502.031,574.581,649.90
Equity Value (M)1,938.652,024.942,114.39
Shares Outstanding (M)66.7066.7066.70
Fair Value$29.07$30.36$31.70
Upside / Downside-43.34%-40.82%-38.21%

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%