Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

MFC Industrial Investment Property and Leasehold Fund (M-II.BK)

Company Dividend Discount ModelIndustry: Asset ManagementSector: Financial Services

Valuation Snapshot

Stable Growth$11.84 - $22.15$16.04
Multi-Stage$16.42 - $18.01$17.20
Blended Fair Value$16.62
Current Price$6.00
Upside177.04%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2023202220212020201920182017201620152014
DPS2.28%3.72%0.610.590.620.590.560.550.520.650.840.62
YoY Growth--2.69%-3.41%4.24%5.36%2.75%4.21%-19.50%-22.28%35.43%45.75%
Dividend Yield--10.80%8.08%7.99%8.14%8.00%6.41%6.19%6.91%9.04%6.17%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)135.46
(-) Cash Dividends Paid (M)60.20
(=) Cash Retained (M)75.26
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)27.0916.9310.16
Cash Retained (M)75.2675.2675.26
(-) Cash Required (M)-27.09-16.93-10.16
(=) Excess Retained (M)48.1758.3365.10
(/) Shares Outstanding (M)172.00172.00172.00
(=) Excess Retained per Share0.280.340.38
LTM Dividend per Share0.350.350.35
(+) Excess Retained per Share0.280.340.38
(=) Adjusted Dividend0.630.690.73
WACC / Discount Rate7.13%7.13%7.13%
Growth Rate1.72%2.72%3.72%
Fair Value$11.84$16.04$22.15
Upside / Downside97.36%167.40%269.09%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)135.46139.14142.92146.80150.79154.88159.53
Payout Ratio44.44%53.55%62.66%71.78%80.89%90.00%92.50%
Projected Dividends (M)60.2074.5189.56105.37121.97139.39147.56

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.13%7.13%7.13%
Growth Rate1.72%2.72%3.72%
Year 1 PV (M)68.8869.5670.23
Year 2 PV (M)76.5378.0479.56
Year 3 PV (M)83.2385.7088.23
Year 4 PV (M)89.0592.6196.27
Year 5 PV (M)94.0898.79103.70
PV of Terminal Value (M)2,412.872,533.842,659.61
Equity Value (M)2,824.632,958.543,097.60
Shares Outstanding (M)172.00172.00172.00
Fair Value$16.42$17.20$18.01
Upside / Downside173.70%186.68%200.15%

High-Yield Dividend Screener

« Prev Page 70 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
6101.TTsugami Corporation2.08%$59.7021.18%
9549.SRAbdulaziz and Mansour Ibrahim Albabtin Co.2.08%$0.5029.71%
FPAR-A.STFastPartner AB (publ)2.08%$0.9755.03%
GRNG.STGränges AB (publ)2.08%$3.0934.78%
ZGNErmenegildo Zegna N.V.2.08%$0.2228.26%
000983.SZShanxi Coking Coal Energy Group Co.,Ltd.2.07%$0.1344.44%
006090.KSOyang Corporation2.07%$187.5543.67%
0O1O.LVetoquinol S.A.2.07%$1.7419.10%
1748.HKXin Yuan Enterprises Group Limited2.07%$0.0462.70%
4677.KLYTL Corporation Berhad2.07%$0.0426.42%
603136.SSJiangsu Tianmu Lake Tourism Co.,Ltd2.07%$0.2464.23%
7965.TZojirushi Corporation2.07%$32.3536.35%
MRSA3B.SAMRS Logística S.A.2.07%$0.8118.86%
OCL.AXObjective Corporation Limited2.07%$0.3457.76%
TRTNTriton International Limited2.07%$1.6528.50%
001219.SZQingdao Foods CO.,LTD.2.06%$0.2955.25%
002351.SZEdifier Technology Co., Ltd.2.06%$0.2553.80%
004830.KSDuksung Co., Ltd.2.06%$100.3019.66%
600120.SSZhejiang Orient Financial Holdings Group Co., Ltd.2.06%$0.1332.28%
600143.SSKingfa Sci. & Tech. Co., Ltd.2.06%$0.4085.82%
7735.TSCREEN Holdings Co., Ltd.2.06%$314.4332.13%
ALSO3.SAAliansce Sonae Shopping Centers S.A.2.06%$0.529.27%
MLIA.JKPT Mulia Industrindo Tbk2.06%$6.9827.72%
REA.AXREA Group Limited2.06%$3.8151.46%
THEON.ASTheon International PLC2.06%$0.5552.53%
000902.SZYONFER Agricultural Technology Co., Ltd.2.05%$0.3226.06%
002938.SZAvary Holding(Shenzhen)Co., Limited2.05%$1.0459.37%
036930.KQJUSUNG ENGINEERING Co., Ltd.2.05%$625.5045.79%
086280.KSHyundai Glovis Co., Ltd.2.05%$3,700.1019.97%
2730.TEDION Corporation2.05%$43.4130.64%
4191.SRAbdullah Saad Mohammed Abo Moati for Bookstores Company2.05%$1.0176.56%
9527.SRAme Company For Medical Supplies2.05%$2.0027.73%
BMIN3.SABanco Mercantil de Investimentos S.A.2.05%$0.4728.32%
GUAR3.SAGuararapes Confecções S.A.2.05%$0.1820.09%
MGROS.ISMigros Ticaret A.S.2.05%$10.8831.41%
MLL.DEMüller - Die lila Logistik AG2.05%$0.106.76%
RAY-A.TOStingray Group Inc.2.05%$0.3039.32%
VIVA3.SAVivara Participações S.A.2.05%$0.6620.93%
268280.KSMiwon Specialty Chemical Co., Ltd.2.04%$2,814.5722.79%
2869.HKGreentown Service Group Co. Ltd.2.04%$0.0917.96%
450330.KQHass2.04%$131.7935.27%
605589.SSJinan Shengquan Group Share Holding Co., Ltd.2.04%$0.5844.86%
CEK.DECeoTronics AG2.04%$0.2634.71%
CSAP.JKPT Catur Sentosa Adiprana Tbk2.04%$6.5030.53%
ROTH.PARothschild & Co SCA2.04%$0.7813.71%
2476.TWG-SHANK Enterprise Co., Ltd.2.03%$1.8549.48%
2852.KLCahya Mata Sarawak Berhad2.03%$0.0328.80%
3788.HKChina Hanking Holdings Limited2.03%$0.0836.16%
4004.SRDallah Healthcare Company2.03%$2.5449.37%
601607.SSShanghai Pharmaceuticals Holding Co., Ltd2.03%$0.3623.77%