Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Caterpillar Inc. (CAT)

Company Dividend Discount ModelIndustry: Agricultural - MachinerySector: Industrials

Valuation Snapshot

Stable Growth$462.67 - $1,301.74$720.22
Multi-Stage$606.77 - $666.37$636.00
Blended Fair Value$678.11
Current Price$477.15
Upside42.12%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS4.41%5.03%5.555.385.124.894.714.474.093.843.783.69
YoY Growth--3.24%5.04%4.63%3.97%5.21%9.28%6.55%1.78%2.39%8.46%
Dividend Yield--1.68%1.48%2.24%2.20%2.03%3.86%2.92%2.61%4.07%4.82%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)9,263.00
(-) Cash Dividends Paid (M)2,723.00
(=) Cash Retained (M)6,540.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1,852.601,157.88694.73
Cash Retained (M)6,540.006,540.006,540.00
(-) Cash Required (M)-1,852.60-1,157.88-694.73
(=) Excess Retained (M)4,687.405,382.135,845.28
(/) Shares Outstanding (M)476.53476.53476.53
(=) Excess Retained per Share9.8411.2912.27
LTM Dividend per Share5.715.715.71
(+) Excess Retained per Share9.8411.2912.27
(=) Adjusted Dividend15.5517.0117.98
WACC / Discount Rate5.86%5.86%5.86%
Growth Rate2.41%3.41%4.41%
Fair Value$462.67$720.22$1,301.74
Upside / Downside-3.03%50.94%172.82%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)9,263.009,579.289,906.3610,244.6010,594.4010,956.1411,284.82
Payout Ratio29.40%41.52%53.64%65.76%77.88%90.00%92.50%
Projected Dividends (M)2,723.003,977.055,313.566,736.718,250.849,860.5210,438.46

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate5.86%5.86%5.86%
Growth Rate2.41%3.41%4.41%
Year 1 PV (M)3,720.683,757.013,793.34
Year 2 PV (M)4,650.604,741.864,834.01
Year 3 PV (M)5,516.115,679.275,845.62
Year 4 PV (M)6,320.416,570.906,828.77
Year 5 PV (M)7,066.567,418.377,784.04
PV of Terminal Value (M)261,867.10274,903.90288,454.82
Equity Value (M)289,141.47303,071.32317,540.61
Shares Outstanding (M)476.53476.53476.53
Fair Value$606.77$636.00$666.37
Upside / Downside27.17%33.29%39.66%

High-Yield Dividend Screener

« Prev Page 88 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
6516.TSanyo Denki Co., Ltd.1.33%$55.6526.20%
688100.SSWillfar Information Technology Co., Ltd.1.33%$0.5237.34%
688289.SSSansure Biotech Inc.1.33%$0.2566.12%
EPRO-B.STElectrolux Professional AB (publ)1.33%$0.8536.36%
002768.SZQingdao Gon Technology Co., Ltd.1.32%$0.7022.17%
002879.SZChang Lan Electric Technology Co.,Ltd.1.32%$0.2573.81%
300286.SZAcrel Co.,Ltd.1.32%$0.3036.95%
300684.SZJones Tech PLC1.32%$0.6560.38%
300976.SZDongguan Tarry Electronics Co.,Ltd1.32%$0.7935.98%
600489.SSZhongjin Gold Corp.,Ltd1.32%$0.3133.93%
600686.SSXiamen King Long Motor Group Co., Ltd.1.32%$0.2351.04%
603829.SSJiangsu Luokai Mechanical &Electrical Co., Ltd .1.32%$0.2941.39%
6055.HKChina Tobacco International (HK) Company Limited1.32%$0.4719.10%
6449.TWApaq Technology Co., Ltd.1.32%$2.2939.61%
688093.SSSuzhou Shihua New Material Technology Co., Ltd.1.32%$0.4933.88%
ASPO.HEAspo Oyj1.32%$0.0914.38%
NA9.DENagarro SE1.32%$1.0025.87%
002353.SZYantai Jereh Oilfield Services Group Co., Ltd.1.31%$0.9333.49%
002859.SZZhejiang Jiemei Electronic And Technology Co., Ltd.1.31%$0.3677.54%
002961.SZRuida Futures Co., Ltd.1.31%$0.3533.25%
003850.KSBoryung Corporation1.31%$122.5626.40%
158430.KQATON Inc.1.31%$84.5420.61%
601898.SSChina Coal Energy Company Limited1.31%$0.1616.91%
605018.SSChanghua Holding Group Co., Ltd.1.31%$0.1583.12%
6191.TAirTrip Corp.1.31%$9.9312.12%
9902.TNICHIDEN Corporation1.31%$33.4019.49%
NRCA.JKPT Nusa Raya Cipta Tbk1.31%$21.8434.93%
000370.KSHanwha General Insurance Co., Ltd.1.30%$71.584.70%
000559.SZWanxiang Qianchao Co.,Ltd.1.30%$0.2274.64%
1530.HK3SBio Inc.1.30%$0.3219.42%
2982.TA.D.Works Group Co.,Ltd.1.30%$5.4811.64%
300088.SZWuhu Token Sciences Co., Ltd.1.30%$0.0855.80%
300677.SZIntco Medical Technology Co., Ltd.1.30%$0.5118.70%
600737.SSCofco Sugar Holding CO.,LTD.1.30%$0.2235.03%
603387.SSGetein Biotech, Inc1.30%$0.1126.34%
603444.SSG-bits Network Technology (Xiamen) Co., Ltd.1.30%$5.5026.28%
603617.SSJunhe Pumps Holding Co., Ltd1.30%$0.1079.26%
603915.SSJiangsu Guomao Reducer Co., Ltd.1.30%$0.2458.27%
605580.SSHengsheng Energy Co., Ltd1.30%$0.2967.76%
688550.SSXi'an Manareco New Materials Co.,Ltd1.30%$0.5929.38%
9302.TMITSUI-SOKO HOLDINGS Co., Ltd.1.30%$48.6437.22%
9519.SRBanan Real Estate Company1.30%$0.0932.44%
ASAI3.SASendas Distribuidora S.A.1.30%$0.0913.94%
BBLD.JKPT Buana Finance Tbk1.30%$12.0039.59%
S58.SISATS Ltd.1.30%$0.0528.81%
000927.SZChina Railway Materials Company Limited1.29%$0.0342.86%
001229.SZGuangdong AVCiT Technology Holding Co., Ltd.1.29%$0.5682.58%
001283.SZShenzhen Highpower Technology Co., Ltd.1.29%$0.9039.06%
0R43.LNP3 Fastigheter AB (publ)1.29%$3.3117.30%
192820.KSCosmax, Inc.1.29%$2,299.1252.32%