Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

FirstEnergy Corp. (FE)

Company Dividend Discount ModelIndustry: Regulated ElectricSector: Utilities

Valuation Snapshot

Stable Growth$38.11 - $75.59$52.80
Multi-Stage$51.67 - $56.58$54.08
Blended Fair Value$53.44
Current Price$45.82
Upside16.63%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS3.57%4.85%1.681.571.541.471.461.411.231.111.061.05
YoY Growth--7.06%1.68%4.95%0.47%3.81%14.49%11.27%4.58%0.66%0.50%
Dividend Yield--4.15%4.08%3.85%3.20%4.21%3.51%2.97%3.25%3.32%2.92%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,330.00
(-) Cash Dividends Paid (M)1,004.00
(=) Cash Retained (M)326.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)266.00166.2599.75
Cash Retained (M)326.00326.00326.00
(-) Cash Required (M)-266.00-166.25-99.75
(=) Excess Retained (M)60.00159.75226.25
(/) Shares Outstanding (M)578.15578.15578.15
(=) Excess Retained per Share0.100.280.39
LTM Dividend per Share1.741.741.74
(+) Excess Retained per Share0.100.280.39
(=) Adjusted Dividend1.842.012.13
WACC / Discount Rate7.00%7.00%7.00%
Growth Rate2.07%3.07%4.07%
Fair Value$38.11$52.80$75.59
Upside / Downside-16.83%15.23%64.98%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,330.001,370.851,412.961,456.361,501.091,547.201,593.61
Payout Ratio75.49%78.39%81.29%84.20%87.10%90.00%92.50%
Projected Dividends (M)1,004.001,074.621,148.641,226.191,307.421,392.481,474.09

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.00%7.00%7.00%
Growth Rate2.07%3.07%4.07%
Year 1 PV (M)994.571,004.311,014.06
Year 2 PV (M)983.871,003.251,022.81
Year 3 PV (M)972.051,000.911,030.32
Year 4 PV (M)959.24997.381,036.66
Year 5 PV (M)945.54992.771,041.87
PV of Terminal Value (M)25,017.5626,267.3027,566.50
Equity Value (M)29,872.8331,265.9232,712.21
Shares Outstanding (M)578.15578.15578.15
Fair Value$51.67$54.08$56.58
Upside / Downside12.77%18.02%23.48%

High-Yield Dividend Screener

« Prev Page 86 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
LTMC.MILottomatica Group S.p.A.1.41%$0.3155.88%
002064.SZHuafon Chemical Co., Ltd.1.40%$0.1545.82%
002203.SZZhe Jiang Hai Liang Co., Ltd1.40%$0.1852.28%
002357.SZSichuan Fulin Transportation Group Co., Ltd.1.40%$0.1525.09%
300105.SZYanTai LongYuan Power Technology Co., Ltd.1.40%$0.1064.82%
4005.SRNational Medical Care Company1.40%$2.0028.58%
600517.SSState Grid Yingda Co.,Ltd.1.40%$0.0820.41%
CCL-A.TOCCL Industries Inc.1.40%$1.2527.03%
CGAUCenterra Gold Inc.1.40%$0.2012.28%
MHKI.JKMulti Hanna Kreasindo Tbk.1.40%$2.9229.72%
ROVIO.HERovio Entertainment Oyj1.40%$0.1342.86%
000750.SZSealand Securities Co., Ltd.1.39%$0.0639.70%
011210.KSHYUNDAI WIA Corporation1.39%$1,101.7920.24%
2610.HKNanshan Aluminium Intrnatnl Holdings Ltd1.39%$0.6969.79%
272290.KQINNOX Advanced Materials Co.,Ltd.1.39%$328.809.47%
301158.SZDezhou United Petroleum Technology Co.,Ltd.1.39%$0.3135.01%
600777.SSShandong Xinchao Energy Corporation Limited1.39%$0.0521.18%
603393.SSXinjiang Xintai Natural Gas Co., Ltd.1.39%$0.3714.02%
CLAS-B.STClas Ohlson AB (publ)1.39%$4.2228.54%
GMG.AXGoodman Group1.39%$0.4354.37%
LASP.COLån & Spar Bank A/S1.39%$20.0415.86%
000061.SZShenzhen Agricultural Products Group Co., Ltd.1.38%$0.1471.88%
002536.SZFeilong Auto Components Co., Ltd.1.38%$0.4167.28%
002797.SZFirst Capital Securities Co., Ltd.1.38%$0.0938.51%
2172.HKMicroPort NeuroTech Limited1.38%$0.1621.06%
600549.SSXiamen Tungsten Co., Ltd.1.38%$0.5642.55%
603203.SSQuick Intelligent Equipment Co., Ltd.1.38%$0.5151.54%
688597.SSBeijing Yupont Electric Power Technology Co., Ltd.1.38%$0.1138.03%
9422.TConexio Corporation1.38%$26.3532.61%
FESTI.ICFesti hf.1.38%$4.4930.70%
FSIFlexible Solutions International, Inc.1.38%$0.0927.13%
OMED.JKPT Jayamas Medica Industri Tbk1.38%$2.8823.51%
RY4C.DERyanair Holdings plc1.38%$0.4118.55%
SELIC.BKSelic Corp Public Company Limited1.38%$0.0417.06%
TALF.JKPT Tunas Alfin Tbk1.38%$8.0038.14%
YRM.MIRosetti Marino S.p.A.1.38%$4.0036.08%
000795.SZInnuovo Technology Co., Ltd.1.37%$0.1461.81%
001268.SZGuangdong Yangshan United Precision Manufacturing Co., Ltd.1.37%$0.4964.59%
600196.SSShanghai Fosun Pharmaceutical (Group) Co., Ltd.1.37%$0.3629.17%
603707.SSNanjing King-Friend Biochemical Pharmaceutical Co., Ltd1.37%$0.1230.81%
605222.SSShanghai QiFan Cable Co., Ltd1.37%$0.2569.76%
6782.TWVisco Vision Inc.1.37%$2.3921.51%
LINLinde plc1.37%$5.8839.08%
RAY-B.STRaySearch Laboratories AB (publ)1.37%$3.0046.95%
SHAWGELTIN.BONarmada Gelatines Limited1.37%$5.0013.05%
006220.KSJeju Bank1.36%$156.0067.72%
2505.HKEDA Group Holdings Limited1.36%$0.028.61%
300207.SZSunwoda Electronic Co.,Ltd1.36%$0.3539.10%
300993.SZShandong Yuma Sun-shading Technology Corp., Ltd.1.36%$0.2035.95%
3794.KLMalayan Cement Berhad1.36%$0.1129.56%