Definitive Analysis
Definitive Analysis
Get Full Access
See Pricing Start Free Trial

Snap-on Incorporated (0L7G.L)

Company Dividend Discount ModelIndustry: Industrial - Capital GoodsSector: Industrials

Valuation Snapshot

Stable Growth$436.24 - $1,124.43$661.13
Multi-Stage$311.88 - $340.39$325.88
Blended Fair Value$493.50
Current Price$341.91
Upside44.34%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS13.41%14.21%7.646.685.885.184.574.073.613.182.772.40
YoY Growth--14.29%13.57%13.52%13.36%12.33%12.81%13.34%14.85%15.32%18.87%
Dividend Yield--2.32%2.26%2.38%2.54%1.97%3.77%2.30%2.16%1.64%1.51%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,014.30
(-) Cash Dividends Paid (M)447.80
(=) Cash Retained (M)566.50
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)202.86126.7976.07
Cash Retained (M)566.50566.50566.50
(-) Cash Required (M)-202.86-126.79-76.07
(=) Excess Retained (M)363.64439.71490.43
(/) Shares Outstanding (M)53.2353.2353.23
(=) Excess Retained per Share6.838.269.21
LTM Dividend per Share8.418.418.41
(+) Excess Retained per Share6.838.269.21
(=) Adjusted Dividend15.2516.6717.63
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate5.41%6.41%7.41%
Fair Value$436.24$661.13$1,124.43
Upside / Downside27.59%93.36%228.87%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,014.301,079.361,148.591,222.261,300.661,384.081,425.60
Payout Ratio44.15%53.32%62.49%71.66%80.83%90.00%92.50%
Projected Dividends (M)447.80575.50717.74875.871,051.321,245.671,318.68

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate5.41%6.41%7.41%
Year 1 PV (M)522.55527.51532.47
Year 2 PV (M)591.75603.03614.41
Year 3 PV (M)655.67674.51693.70
Year 4 PV (M)714.60742.11770.40
Year 5 PV (M)768.81805.97844.56
PV of Terminal Value (M)13,346.4913,991.6714,661.56
Equity Value (M)16,599.8717,344.7918,117.10
Shares Outstanding (M)53.2353.2353.23
Fair Value$311.88$325.88$340.39
Upside / Downside-8.78%-4.69%-0.45%

High-Yield Dividend Screener

« Prev Page 8 of 30 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
ACICAmerican Coastal Insurance Corporation4.24%$0.4828.28%
NCDLNuveen Churchill Direct Lending Corp.4.24%$0.5730.88%
ESEversource Energy4.23%$2.8879.84%
ISBCInvestors Bancorp, Inc.4.21%$0.5844.24%
KMIKinder Morgan, Inc.4.21%$1.1795.05%
PWODPenns Woods Bancorp, Inc.4.17%$1.2545.44%
DDSDillard's, Inc.4.16%$26.5071.17%
RLIRLI Corp.4.16%$2.6067.96%
TFCTruist Financial Corporation4.16%$2.0753.19%
RMBIRichmond Mutual Bancorporation, Inc.4.15%$0.5854.33%
PRPermian Resources Corporation4.14%$0.6052.90%
RILYTB. Riley Financial, Inc. 6.00% Senior Notes Due 20284.13%$0.5856.91%
DGICADonegal Group Inc.4.12%$0.8028.85%
AUBNAuburn National Bancorporation, Inc.4.11%$1.0876.62%
FHBFirst Hawaiian, Inc.4.11%$1.0650.97%
PORPortland General Electric Company4.09%$1.9872.28%
NEWTLNewtek Business Services Corp.4.08%$1.0244.14%
NEWTGNewtekOne, Inc. 8.50% Fixed Rate Senior Notes due 20294.06%$1.0244.14%
NEWTZNewtek Business Services Corp. 5.50% Notes Due 20264.05%$1.0244.14%
LKQLKQ Corporation4.04%$1.2144.76%
NWENorthwestern Energy Group Inc4.04%$2.6274.07%
PXDPioneer Natural Resources Company4.00%$10.8054.25%
HAFCHanmi Financial Corporation3.99%$1.0744.22%
KSSKohl's Corporation3.99%$0.8550.52%
APAAPA Corporation3.98%$1.0124.12%
NWNNorthwest Natural Holding Company3.98%$1.8676.25%
HFWAHeritage Financial Corporation3.97%$0.9456.54%
WSBCWesBanco, Inc.3.97%$1.3265.39%
FULTFulton Financial Corporation3.96%$0.7739.22%
REYNReynolds Consumer Products Inc.3.96%$0.9163.16%
MSMMSC Industrial Direct Co., Inc.3.95%$3.3995.14%
RF-PFRegions Financial Corporation3.95%$1.0141.98%
NEWTINewtekOne, Inc. 8.00% Fixed Rate Senior Notes due 20283.94%$0.9942.24%
BOHBank of Hawaii Corporation3.93%$2.6958.42%
DCOMDime Community Bancshares, Inc.3.93%$1.1786.59%
OGEOGE Energy Corp.3.93%$1.6967.72%
ASIEXMultisector Income Fund - Investor Class3.92%$0.3596.64%
ESSEssex Property Trust, Inc.3.90%$10.0376.31%
WABCWestamerica Bancorporation3.90%$1.8639.32%
NJRNew Jersey Resources Corporation3.88%$1.7853.65%
XHRXenia Hotels & Resorts, Inc.3.88%$0.5693.99%
ARTNAArtesian Resources Corporation3.87%$1.2255.68%
FFBCFirst Financial Bancorp.3.87%$0.9738.17%
PNWPinnacle West Capital Corporation3.87%$3.4169.92%
UEUrban Edge Properties3.87%$0.7482.23%
NECBNortheast Community Bancorp, Inc.3.86%$0.8827.20%
SCSCXTouchstone Large Cap Focused Fund Class C3.86%$2.8037.43%
BBWIBath & Body Works, Inc.3.85%$0.8024.18%
BHBBar Harbor Bankshares3.85%$1.2054.11%
UGIUGI Corporation3.85%$1.4547.35%