Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

The Bank of N.T. Butterfield & Son Limited (NTB)

Company Dividend Discount ModelIndustry: Banks - DiversifiedSector: Financial Services

Valuation Snapshot

Stable Growth$123.37 - $325.31$188.30
Multi-Stage$85.49 - $93.35$89.35
Blended Fair Value$138.82
Current Price$42.90
Upside223.60%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-3.20%11.24%1.852.002.032.032.062.171.941.620.450.58
YoY Growth---7.66%-1.32%0.07%-1.85%-5.02%11.87%20.04%260.44%-22.14%-9.45%
Dividend Yield--4.74%6.29%7.51%5.64%5.40%12.76%5.29%3.71%1.41%2.33%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)227.77
(-) Cash Dividends Paid (M)76.08
(=) Cash Retained (M)151.69
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)45.5528.4717.08
Cash Retained (M)151.69151.69151.69
(-) Cash Required (M)-45.55-28.47-17.08
(=) Excess Retained (M)106.14123.22134.61
(/) Shares Outstanding (M)43.1043.1043.10
(=) Excess Retained per Share2.462.863.12
LTM Dividend per Share1.771.771.77
(+) Excess Retained per Share2.462.863.12
(=) Adjusted Dividend4.234.624.89
WACC / Discount Rate9.12%9.12%9.12%
Growth Rate5.50%6.50%7.50%
Fair Value$123.37$188.30$325.31
Upside / Downside187.57%338.92%658.31%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)227.77242.57258.34275.13293.01312.06321.42
Payout Ratio33.40%44.72%56.04%67.36%78.68%90.00%92.50%
Projected Dividends (M)76.08108.48144.77185.33230.54280.85297.32

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.12%9.12%9.12%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)98.4899.42100.35
Year 2 PV (M)119.32121.60123.89
Year 3 PV (M)138.67142.65146.71
Year 4 PV (M)156.61162.63168.83
Year 5 PV (M)173.21181.57190.26
PV of Terminal Value (M)2,998.373,143.193,293.55
Equity Value (M)3,684.673,851.064,023.59
Shares Outstanding (M)43.1043.1043.10
Fair Value$85.49$89.35$93.35
Upside / Downside99.28%108.28%117.61%

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%