Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Finward Bancorp (FNWD)

Company Dividend Discount ModelIndustry: Banks - RegionalSector: Financial Services

Valuation Snapshot

Stable Growth$48.68 - $214.10$115.84
Multi-Stage$42.32 - $46.44$44.34
Blended Fair Value$80.09
Current Price$32.09
Upside149.58%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-12.72%-2.53%0.481.241.181.001.000.950.800.760.730.69
YoY Growth---61.22%5.12%17.75%0.44%5.04%19.03%5.15%3.85%6.11%10.81%
Dividend Yield--1.66%5.02%4.06%2.17%2.34%3.02%1.93%1.73%1.86%2.30%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)4.71
(-) Cash Dividends Paid (M)1.56
(=) Cash Retained (M)3.15
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)0.940.590.35
Cash Retained (M)3.153.153.15
(-) Cash Required (M)-0.94-0.59-0.35
(=) Excess Retained (M)2.212.562.80
(/) Shares Outstanding (M)4.294.294.29
(=) Excess Retained per Share0.510.600.65
LTM Dividend per Share0.360.360.36
(+) Excess Retained per Share0.510.600.65
(=) Adjusted Dividend0.880.961.01
WACC / Discount Rate5.46%5.46%5.46%
Growth Rate3.59%4.59%5.59%
Fair Value$48.68$115.84$214.10
Upside / Downside51.70%260.98%567.19%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)4.714.925.155.395.635.896.07
Payout Ratio33.06%44.45%55.83%67.22%78.61%90.00%92.50%
Projected Dividends (M)1.562.192.883.624.435.305.61

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate5.46%5.46%5.46%
Growth Rate3.59%4.59%5.59%
Year 1 PV (M)2.062.072.09
Year 2 PV (M)2.542.592.63
Year 3 PV (M)3.003.093.18
Year 4 PV (M)3.453.583.72
Year 5 PV (M)3.874.074.26
PV of Terminal Value (M)166.83175.04183.57
Equity Value (M)181.74190.44199.46
Shares Outstanding (M)4.294.294.29
Fair Value$42.32$44.34$46.44
Upside / Downside31.88%38.18%44.73%

High-Yield Dividend Screener

« Prev Page 87 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
603809.SSChengdu Haoneng Technology Co., Ltd.1.36%$0.2048.76%
6762.TTDK Corporation1.36%$29.9838.24%
688112.SSSiglent Technologies Co. Ltd.1.36%$0.5161.60%
BMAX.STByggmax Group AB (publ)1.36%$0.7525.00%
MAFIA.BOMafia Trends Limited1.36%$0.106.08%
SOF.BRSofina S.A.1.36%$3.3513.13%
000526.SZXueda (Xiamen) Education Technology Group Co., Ltd.1.35%$0.5327.07%
000589.SZGuizhou Tyre Co.,Ltd.1.35%$0.0723.21%
002080.SZSinoma Science & Technology Co.,Ltd.1.35%$0.4946.74%
002154.SZBaoxiniao Holding Co., Ltd.1.35%$0.0524.04%
0NCA.LIVU Traffic Technologies AG1.35%$0.2836.18%
0Z4C.LSika AG1.35%$3.4522.59%
300664.SZPenyao Environmental Protection Co., Ltd.1.35%$0.0723.72%
300699.SZWeihai Guangwei Composites Co., Ltd.1.35%$0.5381.03%
4744.TWOCVC Technologies Inc.1.35%$0.4019.08%
5250.KL7-Eleven Malaysia Holdings Berhad1.35%$0.0399.62%
603129.SSZhejiang Cfmoto Power Co.,Ltd1.35%$3.7632.64%
605567.SSSpringsnow Food Group Co., Ltd.1.35%$0.1574.16%
9412.TSKY Perfect JSAT Holdings Inc.1.35%$26.9836.14%
EZ8.SGKoskisen Corp1.35%$0.1130.31%
NTT.WANTT System S.A.1.35%$0.159.49%
000623.SZJilin Aodong Pharmaceutical Group Co., Ltd.1.34%$0.2611.53%
002125.SZXiangtan Electrochemical Scientific Co.,Ltd1.34%$0.1952.47%
002286.SZBaolingbao Biology Co.,Ltd.1.34%$0.1230.68%
002649.SZBeyondsoft Corporation1.34%$0.1880.12%
002840.KSMiwon Commercial Co., Ltd.1.34%$2,019.6520.97%
003015.SZJiangsu Rijiu Optoelectronics Jointstock Co., Ltd1.34%$0.2163.51%
0ABX.LBarrick Gold Corporation1.34%$0.4024.89%
0RE6.LWalliser Kantonalbank1.34%$1.7915.93%
300200.SZBeijing Comens New Materials Co.,Ltd.1.34%$0.1646.96%
300693.SZShenzhen Sinexcel Electric Co.,Ltd.1.34%$0.5136.89%
600864.SSHarbin Hatou Investment Co.,Ltd1.34%$0.0929.81%
601375.SSCentral China Securities Co., Ltd.1.34%$0.0656.73%
603341.SSShanghai Longcheer Technology Co., Ltd.1.34%$0.5745.24%
BAFARB.MXGrupo Bafar, S.A.B. de C.V.1.34%$1.4720.49%
HEXT.NSHexaware Technologies Ltd1.34%$10.0844.61%
MALLPLAZA.SNPlaza S.A.1.34%$42.8714.38%
PLNW.PAPlanisware Promesses1.34%$0.3135.26%
RADL3.SARaia Drogasil S.A.1.34%$0.3240.62%
TWC.TOTWC Enterprises Limited1.34%$0.3322.94%
000758.SZChina Nonferrous Metal Industry's Foreign Engineering and Construction Co.,Ltd.1.33%$0.0933.17%
000788.SZPKU HealthCare Corp.,Ltd.1.33%$0.0833.62%
001395.SZYalian Machinery Co Ltd1.33%$0.5829.94%
002988.SZGuangdong Haomei New Material Co., Ltd.1.33%$0.4966.13%
0G1T.LWavestone S.A.1.33%$0.6912.69%
300387.SZHubei Forbon Technology Co.,Ltd.1.33%$0.1139.86%
5439.TWOFirst Hi-tec Enterprise Co., Ltd.1.33%$4.1077.78%
601827.SSChongqing Sanfeng Environment Group Corp., Ltd.1.33%$0.1114.96%
603739.SSQingdao Vland Biotech Inc.1.33%$0.1957.16%
6504.TFuji Electric Co., Ltd.1.33%$157.8227.92%