Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Consumers Energy Company (CMS-PB)

Company Dividend Discount ModelIndustry: Regulated ElectricSector: Utilities

Valuation Snapshot

Stable Growth$237.09 - $690.88$647.42
Multi-Stage$117.74 - $128.90$123.22
Blended Fair Value$385.32
Current Price$73.26
Upside425.96%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS7.50%7.81%2.091.931.821.701.561.461.361.261.161.08
YoY Growth--8.12%6.04%7.27%8.99%7.11%7.13%7.96%8.65%7.76%9.15%
Dividend Yield--2.78%3.22%2.97%2.43%2.55%2.48%2.47%2.78%2.59%2.53%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,047.00
(-) Cash Dividends Paid (M)652.00
(=) Cash Retained (M)395.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)209.40130.8878.53
Cash Retained (M)395.00395.00395.00
(-) Cash Required (M)-209.40-130.88-78.53
(=) Excess Retained (M)185.60264.13316.48
(/) Shares Outstanding (M)299.35299.35299.35
(=) Excess Retained per Share0.620.881.06
LTM Dividend per Share2.182.182.18
(+) Excess Retained per Share0.620.881.06
(=) Adjusted Dividend2.803.063.24
WACC / Discount Rate6.01%6.01%6.01%
Growth Rate4.77%5.77%6.77%
Fair Value$237.09$647.42$690.88
Upside / Downside223.62%783.72%843.06%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,047.001,107.441,171.371,238.981,310.511,386.161,427.74
Payout Ratio62.27%67.82%73.36%78.91%84.45%90.00%92.50%
Projected Dividends (M)652.00751.05859.36977.671,106.781,247.541,320.66

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.01%6.01%6.01%
Growth Rate4.77%5.77%6.77%
Year 1 PV (M)701.78708.48715.17
Year 2 PV (M)750.31764.70779.22
Year 3 PV (M)797.61820.66844.16
Year 4 PV (M)843.70876.37909.99
Year 5 PV (M)888.61931.83976.72
PV of Terminal Value (M)31,261.7532,782.3934,361.63
Equity Value (M)35,243.7536,884.4338,586.90
Shares Outstanding (M)299.35299.35299.35
Fair Value$117.74$123.22$128.90
Upside / Downside60.71%68.19%75.95%

High-Yield Dividend Screener

« Prev Page 74 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
PHN.MIPharmanutra S.p.A.1.89%$1.0254.97%
002117.SZTungkong Inc.1.88%$0.2667.89%
031440.KSSHINSEGAE FOOD Inc.1.88%$899.9814.67%
1590.TWAirTAC International Group1.88%$17.9845.66%
2678.HKTexhong Textile Group Limited1.88%$0.096.21%
4112.THodogaya Chemical Co., Ltd.1.88%$42.1632.13%
4739.TITOCHU Techno-Solutions Corporation1.88%$81.1350.53%
600499.SSKeda Industrial Group Co., Ltd.1.88%$0.2634.23%
6594.TNidec Corporation1.88%$40.0525.72%
GFPT-R.BKGFPT Public Company Limited1.88%$0.2010.54%
NGI.AXNavigator Global Investments Limited1.88%$0.0619.77%
SVW.AXSeven Group Holdings Limited1.88%$0.8731.55%
002461.SZGuangzhou Zhujiang Brewery Co., Ltd1.87%$0.1740.51%
002788.SZLuyan Pharma Co.,Ltd.1.87%$0.4049.91%
600600.SSTsingtao Brewery Company Limited1.87%$1.1433.65%
600900.SSChina Yangtze Power Co., Ltd.1.87%$0.5137.99%
603238.SSHangZhou Nbond Nonwovens Co., Ltd.1.87%$0.3348.05%
6875.TMegaChips Corporation1.87%$148.1788.24%
7095.KLP.I.E. Industrial Berhad1.87%$0.0544.49%
8334.TThe Gunma Bank, Ltd.1.87%$32.3726.45%
BVB.DEBorussia Dortmund GmbH & Co. Kommanditgesellschaft auf Aktien1.87%$0.0623.76%
DNG.TODynacor Group Inc.1.87%$0.1028.25%
ICNC-UNIconic Sports Acquisition Corp.1.87%$0.2030.34%
PAZ.SNPaz Corp S.A.1.87%$14.9926.20%
002756.SZYongxing Special Materials Technology Co.,Ltd1.86%$1.0188.45%
006980.KSWoosung Co., Ltd.1.86%$299.972.95%
084110.KQHuons Global Co., Ltd.1.86%$939.2047.07%
4100.SRMakkah Construction & Development Company1.86%$1.4866.05%
603867.SSZhejiang Xinhua Chemical Co.,Ltd1.86%$0.4738.85%
6849.TNihon Kohden Corporation1.86%$31.3228.12%
9515.SRFesh Fash Snack Food Production Company1.86%$0.1824.81%
CIMSA.ISÇimsa Çimento Sanayi ve Ticaret A.S.1.86%$0.8543.17%
EGATIF.BKElectricity Generating Authority Of Thailand- North Bangkok Power Plant Block 1 Infrastructure Fund1.86%$0.1122.36%
ESNTEssent Group Ltd.1.86%$1.2117.35%
RVRC.STRVRC Holding AB (publ)1.86%$1.2044.59%
002803.SZXiamen Jihong Technology Co., Ltd.1.85%$0.3049.75%
2467.TWC Sun Mfg Ltd.1.85%$4.9998.76%
300160.SZJiangsu Xiuqiang Glasswork Co., Ltd.1.85%$0.1037.25%
600609.SSShenyang Jinbei Automotive Company Limited1.85%$0.0941.26%
601882.SSNingbo Haitian Precision Machinery Co.,Ltd.1.85%$0.3641.14%
603199.SSAnhui Jiuhuashan Tourism Development Co., Ltd.1.85%$0.6835.31%
7245.TDaido Metal Co., Ltd.1.85%$18.1630.01%
BTGB2Gold Corp.1.85%$0.0856.43%
COIC.STConcentric AB (publ)1.85%$4.2555.44%
MPCC.OLMPC Container Ships ASA1.85%$0.3256.17%
000823.SZGuangdong Goworld Co., Ltd.1.84%$0.2554.48%
0529.HKSiS International Holdings Limited1.84%$0.043.76%
0KBI.LKnorr-Bremse AG1.84%$1.7566.92%
300866.SZAnker Innovations Limited1.84%$2.1043.92%
4013.SRDr. Sulaiman Al Habib Medical Services Group Company1.84%$4.7270.08%