Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Marsh & McLennan Companies, Inc. (MMC)

Company Dividend Discount ModelIndustry: Insurance - BrokersSector: Financial Services

Valuation Snapshot

Stable Growth$1,407.35 - $1,658.10$1,553.88
Multi-Stage$331.95 - $363.61$347.49
Blended Fair Value$950.68
Current Price$201.53
Upside371.73%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS11.45%10.03%3.062.622.302.071.911.781.631.491.381.28
YoY Growth--16.56%14.06%10.92%8.80%7.16%9.05%9.05%8.50%7.91%8.59%
Dividend Yield--1.25%1.29%1.38%1.22%1.56%2.06%1.72%1.81%1.86%2.10%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)4,127.00
(-) Cash Dividends Paid (M)1,712.00
(=) Cash Retained (M)2,415.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)825.40515.88309.53
Cash Retained (M)2,415.002,415.002,415.00
(-) Cash Required (M)-825.40-515.88-309.53
(=) Excess Retained (M)1,589.601,899.132,105.48
(/) Shares Outstanding (M)495.00495.00495.00
(=) Excess Retained per Share3.213.844.25
LTM Dividend per Share3.463.463.46
(+) Excess Retained per Share3.213.844.25
(=) Adjusted Dividend6.677.307.71
WACC / Discount Rate5.61%5.61%5.61%
Growth Rate5.50%6.50%7.50%
Fair Value$1,407.35$1,553.88$1,658.10
Upside / Downside598.33%671.04%722.75%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)4,127.004,395.264,680.954,985.215,309.255,654.355,823.98
Payout Ratio41.48%51.19%60.89%70.59%80.30%90.00%92.50%
Projected Dividends (M)1,712.002,249.772,850.223,519.224,263.145,088.915,387.18

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate5.61%5.61%5.61%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)2,110.242,130.242,150.24
Year 2 PV (M)2,507.642,555.402,603.61
Year 3 PV (M)2,904.202,987.563,072.51
Year 4 PV (M)3,299.923,426.823,557.35
Year 5 PV (M)3,694.803,873.264,058.55
PV of Terminal Value (M)149,797.25157,032.52164,544.69
Equity Value (M)164,314.04172,005.81179,986.97
Shares Outstanding (M)495.00495.00495.00
Fair Value$331.95$347.49$363.61
Upside / Downside64.71%72.42%80.42%

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%