Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Wells Fargo Advantage Funds - Allspring Global Dividend Opportunity Fund (EOD)

Company Dividend Discount ModelIndustry: Asset Management - GlobalSector: Financial Services

Valuation Snapshot

Stable Growth$13.33 - $19.62$16.35
Multi-Stage$24.43 - $26.82$25.61
Blended Fair Value$20.98
Current Price$5.02
Upside317.92%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR20242023202220212020201920182017
DPS-6.33%0.00%0.440.450.530.520.580.610.690.630.000.00
YoY Growth---1.06%-15.20%1.69%-10.44%-5.61%-10.79%8.88%0.00%0.00%0.00%
Dividend Yield--9.19%11.63%11.37%8.94%14.14%11.04%13.90%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)73.96
(-) Cash Dividends Paid (M)38.83
(=) Cash Retained (M)35.13
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)14.799.255.55
Cash Retained (M)35.1335.1335.13
(-) Cash Required (M)-14.79-9.25-5.55
(=) Excess Retained (M)20.3325.8829.58
(/) Shares Outstanding (M)43.1143.1143.11
(=) Excess Retained per Share0.470.600.69
LTM Dividend per Share0.900.900.90
(+) Excess Retained per Share0.470.600.69
(=) Adjusted Dividend1.371.501.59
WACC / Discount Rate8.09%8.09%8.09%
Growth Rate-2.00%-1.00%0.00%
Fair Value$13.33$16.35$19.62
Upside / Downside165.61%225.77%290.88%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)73.9673.2272.4971.7671.0570.3472.45
Payout Ratio52.51%60.01%67.50%75.00%82.50%90.00%92.50%
Projected Dividends (M)38.8343.9448.9353.8258.6163.3067.01

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.09%8.09%8.09%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)40.2440.6541.06
Year 2 PV (M)41.0441.8842.73
Year 3 PV (M)41.3542.6243.93
Year 4 PV (M)41.2342.9444.71
Year 5 PV (M)40.7842.9145.12
PV of Terminal Value (M)848.66892.85938.87
Equity Value (M)1,053.311,103.861,156.41
Shares Outstanding (M)43.1143.1143.11
Fair Value$24.43$25.61$26.82
Upside / Downside386.71%410.07%434.35%

High-Yield Dividend Screener

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