Definitive Analysis | Institutional-Grade Financial Research
Definitive Analysis
Get Full Access
See Pricing Start Free Trial

The Income Fund of America, Class F-1 Shares (IFAFX)

Company Dividend Discount ModelIndustry: Asset Management - IncomeSector: Financial Services

Valuation Snapshot

Stable Growth$66.86 - $102.23$83.39
Multi-Stage$93.89 - $102.90$98.31
Blended Fair Value$90.85
Current Price$26.54
Upside242.31%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS9.88%15.21%2.462.362.222.092.001.541.791.481.090.93
YoY Growth--4.58%5.96%6.47%4.24%30.22%-13.94%20.96%35.91%17.35%54.99%
Dividend Yield--9.74%9.78%9.86%8.27%8.10%8.00%8.07%6.59%4.89%4.49%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)28,073.00
(-) Cash Dividends Paid (M)9,520.00
(=) Cash Retained (M)18,553.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)5,614.603,509.132,105.48
Cash Retained (M)18,553.0018,553.0018,553.00
(-) Cash Required (M)-5,614.60-3,509.13-2,105.48
(=) Excess Retained (M)12,938.4015,043.8816,447.53
(/) Shares Outstanding (M)3,855.603,855.603,855.60
(=) Excess Retained per Share3.363.904.27
LTM Dividend per Share2.472.472.47
(+) Excess Retained per Share3.363.904.27
(=) Adjusted Dividend5.826.376.74
WACC / Discount Rate9.08%9.08%9.08%
Growth Rate0.34%1.34%2.34%
Fair Value$66.86$83.39$102.23
Upside / Downside151.91%214.22%285.21%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)28,073.0028,448.6528,829.3329,215.1029,606.0430,002.2030,902.27
Payout Ratio33.91%45.13%56.35%67.56%78.78%90.00%92.50%
Projected Dividends (M)9,520.0012,838.6716,244.4519,739.0823,324.3227,001.9828,584.60

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.08%9.08%9.08%
Growth Rate0.34%1.34%2.34%
Year 1 PV (M)11,653.8111,769.9611,886.10
Year 2 PV (M)13,384.4613,652.5813,923.36
Year 3 PV (M)14,762.8715,208.6815,663.37
Year 4 PV (M)15,834.3816,475.1217,135.11
Year 5 PV (M)16,639.3217,485.1818,365.09
PV of Terminal Value (M)289,713.32304,440.82319,761.25
Equity Value (M)361,988.16379,032.32396,734.27
Shares Outstanding (M)3,855.603,855.603,855.60
Fair Value$93.89$98.31$102.90
Upside / Downside253.75%270.41%287.71%

High-Yield Dividend Screener

« Prev Page 8 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
035810.KQEASY HOLDINGS Co., Ltd.9.64%$435.2887.39%
0623.HKSinoMedia Holding Limited9.64%$0.1944.98%
ITSA3.SAItaúsa S.A.9.64%$1.1780.68%
MFG.AXMagellan Financial Group Limited9.64%$0.9634.94%
PMTA.BKPM Thoresen Asia Holdings Public Company Limited9.64%$0.9860.98%
2989.TTokaido REIT, Inc.9.63%$11,143.4889.54%
SBMO.ASSBM Offshore N.V.9.63%$2.3853.44%
0576.HKZhejiang Expressway Co., Ltd.9.62%$0.6974.90%
INVEST.HEInvestors House Oyj9.62%$0.3663.41%
MFEC.BKMFEC Public Company Limited9.62%$0.5094.79%
PIKK.MEPJSC PIK-specialized homebuilder9.61%$45.9431.14%
6868.HKTenfu (Cayman) Holdings Company Limited9.60%$0.2693.07%
601077.SSChongqing Rural Commercial Bank Co., Ltd.9.58%$0.6286.18%
SIQ.AXSmartgroup Corporation Ltd9.58%$0.8777.09%
5012.KLTa Ann Holdings Berhad9.57%$0.4093.61%
PAC.AXPacific Current Group Limited9.57%$0.9623.44%
MTO.AXMotorCycle Holdings Limited9.56%$0.3068.86%
HME.VHemisphere Energy Corporation9.55%$0.1957.92%
0382.HKEdvantage Group Holdings Limited9.54%$0.1412.43%
0OQQ.LInfotel S.A.9.54%$4.0386.81%
VIE.PAVeolia Environnement S.A.9.53%$2.8797.23%
0QJX.LEFG International AG9.52%$1.8196.44%
601998.SSChina CITIC Bank Corporation Limited9.51%$0.7368.88%
0752.HKPico Far East Holdings Limited9.50%$0.2545.55%
MRN.PAMersen S.A.9.50%$2.3045.40%
MTS.AXMetcash Limited9.50%$0.3164.02%
SYNE3.SASYN prop e tech S.A.9.50%$0.4659.20%
TEXF.BRTexaf S.A.9.50%$3.4063.35%
601997.SSBank of Guiyang Co.,Ltd.9.49%$0.5639.86%
WMA.AXWam Alternative Assets Limited9.49%$0.109.12%
0135.HKKunlun Energy Company Limited9.48%$0.7052.47%
SC-R.BKSC Asset Corporation Public Company Limited9.47%$0.1648.63%
0DLI.LAcomo N.V.9.45%$2.4067.74%
AFYAAfya Limited9.45%$1.4117.69%
BBRI.JKPT Bank Rakyat Indonesia (Persero) Tbk9.44%$343.6092.61%
TEKA.BKTeka Construction Public Company Limited9.44%$0.1696.55%
8964.TFrontier Real Estate Investment Corporation9.39%$8,736.6196.39%
ALLA.BKAlla Public Company Limited9.39%$0.1177.39%
4333.SRTaleem REIT Fund9.38%$0.9670.19%
SHL.AXSonic Healthcare Limited9.38%$2.1198.90%
TQM-R.BKTQM Alpha Public Company Limited9.37%$1.0882.74%
0882.HKTianjin Development Holdings Limited9.36%$0.2321.27%
0O84.LDNB Bank ASA9.36%$17.5255.97%
4339.SRDerayah Financial - Derayah Reit Fund9.36%$0.4982.63%
601390.SSChina Railway Group Limited9.35%$0.5150.32%
CPACopa Holdings, S.A.9.35%$11.3970.44%
BRSR3.SABanco do Estado do Rio Grande do Sul S.A.9.34%$1.5649.87%
RET.BRRetail Estates N.V.9.34%$5.9746.68%
0265.HKGangyu Smart Urban Services Holdings Limited9.33%$0.1868.15%
KGKC.MEPJSC Kurgan Generation Company9.33%$4.0370.77%