Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Reinsurance Group of America, Incorporated (RGA)

Company Dividend Discount ModelIndustry: Insurance - ReinsuranceSector: Financial Services

Valuation Snapshot

Stable Growth$349.90 - $1,146.28$568.29
Multi-Stage$235.40 - $257.34$246.17
Blended Fair Value$407.23
Current Price$192.13
Upside111.96%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS7.04%10.13%3.433.283.072.902.722.442.101.761.501.40
YoY Growth--4.57%6.83%5.67%6.59%11.66%16.34%19.46%16.86%7.49%7.02%
Dividend Yield--1.74%1.68%2.31%2.65%2.16%2.90%1.45%1.14%1.18%1.45%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)867.00
(-) Cash Dividends Paid (M)237.00
(=) Cash Retained (M)630.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)173.40108.3865.03
Cash Retained (M)630.00630.00630.00
(-) Cash Required (M)-173.40-108.38-65.03
(=) Excess Retained (M)456.60521.63564.98
(/) Shares Outstanding (M)66.8366.8366.83
(=) Excess Retained per Share6.837.818.45
LTM Dividend per Share3.553.553.55
(+) Excess Retained per Share6.837.818.45
(=) Adjusted Dividend10.3811.3512.00
WACC / Discount Rate8.42%8.42%8.42%
Growth Rate5.29%6.29%7.29%
Fair Value$349.90$568.29$1,146.28
Upside / Downside82.12%195.79%496.62%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)867.00921.55979.541,041.171,106.681,176.321,211.61
Payout Ratio27.34%39.87%52.40%64.93%77.47%90.00%92.50%
Projected Dividends (M)237.00367.41513.29676.08857.311,058.681,120.73

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.42%8.42%8.42%
Growth Rate5.29%6.29%7.29%
Year 1 PV (M)335.70338.89342.08
Year 2 PV (M)428.52436.70444.95
Year 3 PV (M)515.71530.55545.66
Year 4 PV (M)597.52620.55644.23
Year 5 PV (M)674.20706.83740.71
PV of Terminal Value (M)13,179.3513,817.1914,479.50
Equity Value (M)15,731.0016,450.7017,197.14
Shares Outstanding (M)66.8366.8366.83
Fair Value$235.40$246.17$257.34
Upside / Downside22.52%28.13%33.94%

High-Yield Dividend Screener

« Prev Page 71 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
603556.SSHexing Electrical Co.,Ltd.2.03%$0.7437.74%
CUERVO.MXBecle, S.A.B. de C.V.2.03%$0.4216.99%
MDIA3.SAM. Dias Branco S.A. Indústria e Comércio de Alimentos2.03%$0.4824.23%
TRH1V.HETrainers' House Oyj2.03%$0.0541.72%
000065.SZNorinco International Cooperation Ltd.2.02%$0.2534.80%
001206.SZTianjin Yiyi Hygiene Products Co.,Ltd2.02%$0.6050.08%
0QND.LBachem Holding AG2.02%$1.2136.62%
300705.SZHunan Jiudian Pharmaceutical Co., Ltd.2.02%$0.3033.69%
3711.TWASE Technology Holding Co., Ltd.2.02%$5.2165.40%
600497.SSYunnan Chihong Zinc & Germanium Co., Ltd.2.02%$0.1565.03%
BMEB3.SABanco Mercantil do Brasil S.A.2.02%$1.2523.03%
COGN3.SACogna Educação S.A.2.02%$0.069.04%
CZG.PRColt CZ Group SE2.02%$15.0050.93%
PINFRA.MXPromotora y Operadora de Infraestructura, S. A. B. de C. V.2.02%$5.3312.11%
002138.SZShenzhen Sunlord Electronics Co.,Ltd.2.01%$0.7256.61%
012630.KSHDC HOLDINGS CO.,Ltd2.01%$351.076.96%
0303.HKVtech Holdings Limited2.01%$1.2497.00%
300519.SZZhejiang Xinguang Pharmaceutical Co., Ltd.2.01%$0.3082.84%
6096.TRareJob Inc.2.01%$6.4030.88%
AKRN.MEPJSC Acron2.01%$363.0128.13%
CGY.TOCalian Group Ltd.2.01%$1.1363.09%
FORUS.SNForus S.A.2.01%$46.8542.68%
INDU-A.STAB Industrivärden (publ)2.01%$8.2525.83%
002773.SZChengdu Kanghong Pharmaceutical Group Co., Ltd2.00%$0.6044.20%
004080.KSShinhung Co., Ltd2.00%$279.3556.15%
600388.SSFujian Longking Co., Ltd.2.00%$0.3342.78%
7199.TPremium Group Co., Ltd.2.00%$38.8033.41%
EVANS.BOEvans Electric Ltd.2.00%$2.5014.08%
PFV.DEPfeiffer Vacuum Technology AG2.00%$3.1699.27%
002996.SZChongqing Shunbo Aluminum Co.,Ltd.1.99%$0.1568.38%
0285.HKBYD Electronic (International) Company Limited1.99%$0.7022.65%
1948.HKUju Holding Limited1.99%$0.0823.66%
301119.SZHangzhou Zhengqiang Corporation Limited1.99%$1.0594.30%
3391.TTsuruha Holdings Inc.1.99%$57.3849.48%
3545.TWFocalTech Systems Co., Ltd.1.99%$1.0236.23%
601579.SSKuaijishan Shaoxing Rice Wine Co., Ltd.1.99%$0.4094.73%
603025.SSBeijing Dahao Technology Corp.,Ltd1.99%$0.3657.13%
603313.SSHealthcare Co., Ltd.1.99%$0.1860.06%
000554.SZSINOPEC Shandong Taishan Pectroleum CO.,LTD.1.98%$0.1338.84%
000997.SZNewland Digital Technology Co.,Ltd.1.98%$0.5650.65%
1381.HKCanvest Environmental Protection Group Company Limited1.98%$0.1012.54%
300795.SZZhejiang Meorient Commerce Exhibition Inc.1.98%$0.2765.37%
600482.SSChina Shipbuilding Industry Group Power Co., Ltd.1.98%$0.4149.72%
6005.TMiura Co., Ltd.1.98%$60.2627.67%
603197.SSShanghai Baolong Automotive Corporation1.98%$0.7361.39%
605058.SSChangzhou Aohong Electronics Co., Ltd.1.98%$0.6058.36%
BLA-R.BKBangkok Life Assurance Public Company Limited1.98%$0.4013.92%
LAS-A.TOLassonde Industries Inc.1.98%$4.3023.88%
NREST.STNordrest Holding AB (publ)1.98%$4.9045.35%
SGER.JKPT Sumber Global Energy Tbk1.98%$8.2746.12%