Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

MGIC Investment Corporation (MTG)

Company Dividend Discount ModelIndustry: Insurance - SpecialtySector: Financial Services

Valuation Snapshot

Stable Growth$27.04 - $40.83$33.54
Multi-Stage$40.83 - $44.85$42.80
Blended Fair Value$38.17
Current Price$28.37
Upside34.55%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS25.50%0.00%0.540.510.460.390.340.170.000.000.000.00
YoY Growth--6.13%10.83%17.75%14.82%95.78%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--2.17%2.31%3.41%2.86%2.44%2.72%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)753.74
(-) Cash Dividends Paid (M)132.01
(=) Cash Retained (M)621.72
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)150.7594.2256.53
Cash Retained (M)621.72621.72621.72
(-) Cash Required (M)-150.75-94.22-56.53
(=) Excess Retained (M)470.98527.51565.19
(/) Shares Outstanding (M)242.78242.78242.78
(=) Excess Retained per Share1.942.172.33
LTM Dividend per Share0.540.540.54
(+) Excess Retained per Share1.942.172.33
(=) Adjusted Dividend2.482.722.87
WACC / Discount Rate8.64%8.64%8.64%
Growth Rate-0.50%0.50%1.50%
Fair Value$27.04$33.54$40.83
Upside / Downside-4.69%18.23%43.91%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)753.74757.50761.28765.08768.90772.74795.92
Payout Ratio17.51%32.01%46.51%61.01%75.50%90.00%92.50%
Projected Dividends (M)132.01242.49354.06466.74580.54695.46736.22

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.64%8.64%8.64%
Growth Rate-0.50%0.50%1.50%
Year 1 PV (M)220.99223.21225.43
Year 2 PV (M)294.05299.99305.99
Year 3 PV (M)353.26364.02375.00
Year 4 PV (M)400.43416.77433.61
Year 5 PV (M)437.16459.57482.90
PV of Terminal Value (M)8,207.558,628.379,066.27
Equity Value (M)9,913.4410,391.9310,889.19
Shares Outstanding (M)242.78242.78242.78
Fair Value$40.83$42.80$44.85
Upside / Downside43.93%50.87%58.09%

High-Yield Dividend Screener

« Prev Page 89 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
4369.TTri Chemical Laboratories Inc.1.29%$34.9719.74%
4909.TWONew Era Electronics Co., Ltd1.29%$0.7515.67%
600483.SSFujian Funeng Co., Ltd.1.29%$0.1211.31%
600830.SSSunny Loan Top Co.,Ltd.1.29%$0.1282.65%
600885.SSHongfa Technology Co., Ltd.1.29%$0.3931.98%
603180.SSGoldenHome Living Co., Ltd.1.29%$0.2627.79%
6213.TWITEQ Corporation1.29%$1.5044.44%
8233.TTakashimaya Company, Limited1.29%$21.1618.17%
ALBKK.PABaikowski S.A.1.29%$0.3015.97%
CENER.BRCenergy Holdings S.A.1.29%$0.2015.13%
COLUM.COColumbus A/S1.29%$0.1343.75%
DKFT.JKPT Central Omega Resources Tbk1.29%$10.0010.62%
FII.PALisi S.A.1.29%$0.6927.06%
HYGN.JKEcocare Indo Pasifik Tbk1.29%$2.1628.24%
INCAP.BOIncap Limited1.29%$1.0080.52%
000568.SZLuzhou Laojiao Co.,Ltd.1.28%$1.4917.31%
000612.SZJiaoZuo WanFang Aluminum Manufacturing Co., Ltd1.28%$0.1417.40%
002498.SZQingdao Hanhe Cable Co.,Ltd1.28%$0.0529.88%
002830.SZShenzhen Mingdiao Decoration Co., Ltd.1.28%$0.2581.30%
0P2N.LFerrovial, S.A.1.28%$0.377.25%
0REW.LZüblin Immobilien Holding AG1.28%$0.5813.95%
300566.SZNingbo Exciton Technology Co., Ltd.1.28%$0.2432.55%
383310.KQEcopro HN Co., Ltd.1.28%$299.1337.96%
600114.SSNBTM New Materials Group Co., Ltd.1.28%$0.3944.85%
603109.SSSenci Electric Machinery Co.,Ltd.1.28%$0.3329.80%
6274.TWOTaiwan Union Technology Corporation1.28%$6.1759.29%
6415.TWSilergy Corp.1.28%$2.3736.29%
688338.SSBeijing Succeeder Technology Inc.1.28%$0.3336.57%
688687.SSBeijing Kawin Technology Share-Holding Co., Ltd.1.28%$0.3239.11%
8010.SRThe Company for Cooperative Insurance1.28%$1.5221.22%
ACCELERATE.BOAccelerateBS India Ltd.1.28%$1.0015.67%
000560.SZ5i5j Holding Group Co., Ltd.1.27%$0.0481.20%
002438.SZJiangsu Shentong Valve Co., Ltd.1.27%$0.2034.02%
002850.SZShenzhen Kedali Industry Co., Ltd.1.27%$2.0033.47%
002972.SZShenzhen keanda electronic technology co.,ltd1.27%$0.1546.95%
003025.SZSijin Intelligent Forming Machinery Co., Ltd.1.27%$0.1835.63%
089980.KQSang-A Frontec Co.,Ltd.1.27%$199.1825.34%
185750.KSChong Kun Dang Pharmaceutical Corp.1.27%$1,049.0222.67%
2049.TWHiwin Technologies Corp.1.27%$2.4954.85%
214420.KSTonymoly Co., Ltd1.27%$120.5318.35%
300724.SZShenzhen S.C New Energy Technology Corporation1.27%$1.2112.25%
5490.TWOXAC Automation Corporation1.27%$0.3523.58%
7084.KLQL Resources Berhad1.27%$0.0541.79%
7293.KLYinson Holdings Berhad1.27%$0.0315.30%
TFCO4.SATrack & Field Co S.A.1.27%$0.2022.14%
002937.SZNingbo Sunrise Elc Technology Co.,Ltd1.26%$0.3057.29%
1788.HKGuotai Junan International Holdings Limited1.26%$0.0332.32%
3769.TGMO Payment Gateway, Inc.1.26%$122.5646.89%
3774.TInternet Initiative Japan Inc.1.26%$34.7727.53%
603257.SSChina Nerin Engineering Co Ltd1.26%$0.7566.31%