Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Lakeland Financial Corporation (LKFN)

Company Dividend Discount ModelIndustry: Banks - RegionalSector: Financial Services

Valuation Snapshot

Stable Growth$128.70 - $752.68$237.99
Multi-Stage$77.59 - $84.74$81.10
Blended Fair Value$159.55
Current Price$64.20
Upside148.52%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS10.70%13.78%1.911.831.581.341.181.150.980.830.710.61
YoY Growth--4.64%15.32%17.89%13.33%3.13%17.25%18.14%17.56%15.95%15.80%
Dividend Yield--3.21%2.83%2.53%1.84%1.71%3.13%2.11%1.79%1.64%1.99%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)97.65
(-) Cash Dividends Paid (M)50.90
(=) Cash Retained (M)46.74
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)19.5312.217.32
Cash Retained (M)46.7446.7446.74
(-) Cash Required (M)-19.53-12.21-7.32
(=) Excess Retained (M)27.2134.5439.42
(/) Shares Outstanding (M)25.8025.8025.80
(=) Excess Retained per Share1.051.341.53
LTM Dividend per Share1.971.971.97
(+) Excess Retained per Share1.051.341.53
(=) Adjusted Dividend3.033.313.50
WACC / Discount Rate7.98%7.98%7.98%
Growth Rate5.50%6.50%7.50%
Fair Value$128.70$237.99$752.68
Upside / Downside100.47%270.71%1,072.41%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)97.65103.99110.75117.95125.62133.78137.80
Payout Ratio52.13%59.71%67.28%74.85%82.43%90.00%92.50%
Projected Dividends (M)50.9062.0974.5188.29103.54120.40127.46

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.98%7.98%7.98%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)56.9657.5058.04
Year 2 PV (M)62.7163.9065.11
Year 3 PV (M)68.1770.1272.12
Year 4 PV (M)73.3476.1679.06
Year 5 PV (M)78.2382.0185.94
PV of Terminal Value (M)1,662.421,742.711,826.08
Equity Value (M)2,001.822,092.412,186.34
Shares Outstanding (M)25.8025.8025.80
Fair Value$77.59$81.10$84.74
Upside / Downside20.86%26.33%32.00%

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%