Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

LPL Financial Holdings Inc. (LPLA)

Company Dividend Discount ModelIndustry: Financial - Capital MarketsSector: Financial Services

Valuation Snapshot

Stable Growth$244.56 - $621.87$369.06
Multi-Stage$166.85 - $182.42$174.49
Blended Fair Value$271.77
Current Price$332.69
Upside-18.31%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS1.67%-0.63%1.161.201.031.041.031.071.151.171.151.24
YoY Growth---2.67%15.48%-0.33%1.26%-4.24%-6.52%-2.12%1.34%-7.03%0.21%
Dividend Yield--0.36%0.45%0.51%0.57%0.72%1.97%1.60%1.92%2.90%5.01%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)833.05
(-) Cash Dividends Paid (M)92.85
(=) Cash Retained (M)740.20
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)166.61104.1362.48
Cash Retained (M)740.20740.20740.20
(-) Cash Required (M)-166.61-104.13-62.48
(=) Excess Retained (M)573.59636.07677.72
(/) Shares Outstanding (M)77.1477.1477.14
(=) Excess Retained per Share7.448.258.79
LTM Dividend per Share1.201.201.20
(+) Excess Retained per Share7.448.258.79
(=) Adjusted Dividend8.649.459.99
WACC / Discount Rate9.23%9.23%9.23%
Growth Rate5.50%6.50%7.50%
Fair Value$244.56$369.06$621.87
Upside / Downside-26.49%10.93%86.92%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)833.05887.20944.871,006.291,071.701,141.361,175.60
Payout Ratio11.15%26.92%42.69%58.46%74.23%90.00%92.50%
Projected Dividends (M)92.85238.81403.34588.26795.511,027.221,087.43

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.23%9.23%9.23%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)216.58218.64220.69
Year 2 PV (M)331.76338.08344.46
Year 3 PV (M)438.82451.42464.26
Year 4 PV (M)538.20558.89580.18
Year 5 PV (M)630.28660.72692.33
PV of Terminal Value (M)10,715.3211,232.8811,770.24
Equity Value (M)12,870.9613,460.6314,072.15
Shares Outstanding (M)77.1477.1477.14
Fair Value$166.85$174.49$182.42
Upside / Downside-49.85%-47.55%-45.17%

High-Yield Dividend Screener

« Prev Page 81 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
003003.SZGuangdong Tengen Industrial Group Co.,Ltd.1.60%$0.2158.54%
3026.KLDutch Lady Milk Industries Berhad1.60%$0.5028.77%
4380.TM - mart Inc.1.60%$20.8626.17%
5878.KLKPJ Healthcare Berhad1.60%$0.0454.29%
BUAH.JKPT Segar Kumala Indonesia Tbk1.60%$10.5034.44%
CBTT-B.STChristian Berner Tech Trade AB (publ)1.60%$0.6024.79%
SEER3.SASer Educacional S.A.1.60%$0.1517.88%
SPNSSapiens International Corporation N.V.1.60%$0.7061.01%
000963.SZHuadong Medicine Co., Ltd1.59%$0.6329.78%
002560.SZHenan Tong-Da Cable Co., Ltd.1.59%$0.1698.75%
002942.SZZhejiang XinNong Chemical Co.,Ltd.1.59%$0.3153.92%
016590.KSShindaeyang Paper Co., Ltd.1.59%$202.4828.25%
0J7X.LMBB SE1.59%$3.3332.74%
300957.SZYunnan Botanee Bio-Technology Group Co.LTD1.59%$0.6373.46%
366030.KQ09WOMEN Co., Ltd.1.59%$90.0829.50%
4736.TNippon RAD Inc.1.59%$9.9013.56%
600487.SSHengtong Optic-Electric Co., Ltd.1.59%$0.3933.97%
6201.TToyota Industries Corporation1.59%$283.1141.29%
688129.SSDonglai Coating Technology (Shanghai) Co., Ltd.1.59%$0.3241.19%
688312.SSShenzhen Yanmade Technology Inc.1.59%$0.5361.22%
688569.SSBeijing Tieke Shougang Rail Way-Tech Co., Ltd.1.59%$0.3543.76%
9324.TYasuda Logistics Corporation1.59%$34.9731.59%
ASSA-B.STASSA ABLOY AB (publ)1.59%$5.6642.81%
BEI-UN.TOBoardwalk Real Estate Investment Trust1.59%$1.0317.62%
DEPO.JKPT Caturkarda Depo Bangunan Tbk1.59%$4.2032.09%
DSNG.JKPT Dharma Satya Nusantara Tbk1.59%$24.0015.91%
F9D.SIBoustead Singapore Limited1.59%$0.0314.46%
OZL.AXOZ Minerals Limited1.59%$0.4555.76%
000920.SZVontron Technology Co., Ltd.1.58%$0.2038.51%
000960.SZYunnan Tin Company Limited1.58%$0.4438.02%
002340.SZGEM Co., Ltd.1.58%$0.1355.09%
300015.SZAier Eye Hospital Group Co., Ltd.1.58%$0.1749.80%
3925.TDouble Standard Inc.1.58%$27.4225.04%
4721.TWOMechema Chemicals International Corp.1.58%$1.1041.13%
603082.SSRIAMB (Beijing) Tech Dvlp Co1.58%$0.5857.18%
603289.SSZhejiang Tederic Machinery Co., Ltd.1.58%$0.1644.78%
603332.SSSuzhou Longjie Special Fiber Co., Ltd.1.58%$0.2287.52%
603993.SSCMOC Group Limited1.58%$0.3234.49%
7555.TOta Floriculture Auction Co.,Ltd.1.58%$11.8147.37%
ALPHA.ATAlpha Bank S.A.1.58%$0.0615.49%
OTP.BDOTP Bank Nyrt.1.58%$554.0413.23%
002550.SZChangzhou Qianhong Biopharma CO.,LTD1.57%$0.1235.18%
033530.KSSjg Sejong Co. Ltd.1.57%$162.926.60%
056190.KQSFA Engineering Corporation1.57%$380.3551.85%
300035.SZHunan Zhongke Electric Co., Ltd.1.57%$0.3343.86%
AGOAssured Guaranty Ltd.1.57%$1.4017.16%
CJA.FAlimentation Couche-Tard Inc.1.57%$0.5520.13%
MNIT.BKMFC-Nichada Thani Property Fund 21.57%$0.0321.78%
000573.SZDongGuan Winnerway Industry Zone Ltd.1.56%$0.0663.16%
000958.SZSPIC Industry-Finance Holdings Co., Ltd.1.56%$0.1060.59%