DDM Analysis: ASAI.L

Valuation Snapshot

Stable Growth	$145.92 - $224.36	$182.45
Multi-Stage	$318.81 - $351.11	$334.64
Blended Fair Value	$258.55
Current Price	$1.06
Upside	24,291.23%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	-16.56%	-42.22%	0.03	0.00	0.00	0.00	0.00	0.07	0.09	0.05	0.05	0.00
YoY Growth	-	-	0.00%	0.00%	0.00%	0.00%	-100.00%	-16.09%	67.15%	14.62%	0.00%	-100.00%
Dividend Yield	-	-	2.78%	0.00%	0.00%	0.00%	0.00%	2.07%	1.63%	1.15%	1.10%	0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	1,600.25
(-) Cash Dividends Paid (M)	504.95
(=) Cash Retained (M)	1,095.30

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	320.05	200.03	120.02
Cash Retained (M)	1,095.30	1,095.30	1,095.30
(-) Cash Required (M)	-320.05	-200.03	-120.02
(=) Excess Retained (M)	775.25	895.27	975.28
(/) Shares Outstanding (M)	100.00	100.00	100.00
(=) Excess Retained per Share	7.75	8.95	9.75
LTM Dividend per Share	5.05	5.05	5.05
(+) Excess Retained per Share	7.75	8.95	9.75
(=) Adjusted Dividend	12.80	14.00	14.80
WACC / Discount Rate	6.60%	6.60%	6.60%
Growth Rate	-2.00%	-1.00%	0.00%
Fair Value	$145.92	$182.45	$224.36
Upside / Downside	13,666.43%	17,112.72%	21,065.98%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	1,600.25	1,584.25	1,568.40	1,552.72	1,537.19	1,521.82	1,567.48
Payout Ratio	31.55%	43.24%	54.93%	66.62%	78.31%	90.00%	92.50%
Projected Dividends (M)	504.95	685.09	861.57	1,034.45	1,203.79	1,369.64	1,449.91

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.60%	6.60%	6.60%
Growth Rate	-2.00%	-1.00%	0.00%
Year 1 PV (M)	636.19	642.68	649.18
Year 2 PV (M)	742.98	758.22	773.61
Year 3 PV (M)	828.40	854.02	880.16
Year 4 PV (M)	895.21	932.31	970.56
Year 5 PV (M)	945.85	995.11	1,046.39
PV of Terminal Value (M)	27,832.30	29,281.59	30,790.64
Equity Value (M)	31,880.93	33,463.93	35,110.54
Shares Outstanding (M)	100.00	100.00	100.00
Fair Value	$318.81	$334.64	$351.11
Upside / Downside	29,976.35%	31,469.75%	33,023.15%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 9 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
ATLO	Ames National Corporation	3.84%	$0.87	48.60%
FRME	First Merchants Corporation	3.83%	$1.44	35.39%
PCAR	PACCAR Inc	3.83%	$4.27	83.66%
0HJO.L	AvalonBay Communities, Inc.	3.82%	$6.86	84.26%
FE	FirstEnergy Corp.	3.82%	$1.73	75.49%
LXFR	Luxfer Holdings PLC	3.81%	$0.52	98.38%
LCII	LCI Industries	3.80%	$4.72	64.48%
NEN	New England Realty Associates Limited Partnership	3.78%	$2.44	73.23%
PAYX	Paychex, Inc.	3.78%	$4.10	91.97%
RGCO	RGC Resources, Inc.	3.78%	$0.81	63.02%
UBSI	United Bankshares, Inc.	3.78%	$1.45	48.05%
SLVM	Sylvamo Corporation	3.77%	$1.80	41.11%
CAC	Camden National Corporation	3.75%	$1.61	47.99%
ARCH	Arch Resources, Inc.	3.74%	$5.04	50.87%
USB	U.S. Bancorp	3.74%	$2.02	43.68%
WSR	Whitestone REIT	3.74%	$0.52	60.32%
FDBC	Fidelity D & D Bancorp, Inc.	3.73%	$1.61	35.71%
WNC	Wabash National Corporation	3.73%	$0.33	5.38%
VLY	Valley National Bancorp	3.72%	$0.43	47.26%
GHLD	Guild Holdings Company	3.71%	$0.74	36.91%
FNF	Fidelity National Financial, Inc.	3.69%	$2.00	46.79%
IPAR	Inter Parfums, Inc.	3.68%	$3.15	61.47%
WSBF	Waterstone Financial, Inc.	3.68%	$0.61	45.57%
AROW	Arrow Financial Corporation	3.66%	$1.15	54.67%
ASIX	AdvanSix Inc.	3.66%	$0.63	32.72%
ASRV	AmeriServ Financial, Inc.	3.66%	$0.12	78.81%
CVGW	Calavo Growers, Inc.	3.66%	$0.80	71.92%
OXY	Occidental Petroleum Corporation	3.65%	$1.55	75.62%
FMAO	Farmers & Merchants Bancorp, Inc.	3.64%	$0.89	37.59%
LNKB	LINKBANCORP, Inc.	3.64%	$0.30	29.21%
BHRB	Burke & Herbert Bank & Trust Company	3.63%	$2.24	31.71%
EOG	EOG Resources, Inc.	3.63%	$3.90	38.34%
FITB	Fifth Third Bancorp	3.61%	$1.72	47.89%
LNC	Lincoln National Corporation	3.61%	$1.63	14.98%
MCBS	MetroCity Bankshares, Inc.	3.61%	$0.95	36.60%
OZK	Bank OZK	3.61%	$1.70	26.69%
PCB	PCB Bancorp	3.61%	$0.78	31.72%
SFD	SMITHFIELD FOODS INC	3.60%	$0.80	36.46%
0HOB.L	H&R Block, Inc.	3.59%	$1.54	33.12%
ASB	Associated Banc-Corp	3.59%	$0.92	87.56%
PLOW	Douglas Dynamics, Inc.	3.59%	$1.18	66.47%
EXC	Exelon Corporation	3.58%	$1.57	56.50%
MC	Moelis & Company	3.58%	$2.55	85.89%
TIPT	Tiptree Inc.	3.57%	$0.64	49.10%
BPRN	Princeton Bancorp, Inc.	3.56%	$1.20	46.56%
EVRG	Evergy, Inc.	3.56%	$2.60	71.71%
CZFS	Citizens Financial Services, Inc.	3.55%	$1.97	27.82%
CNO-PA	CNO Financial Group, Inc. 5.125	3.54%	$0.67	22.53%
NBTB	NBT Bancorp Inc.	3.54%	$1.47	46.30%
0JQQ.L	Archer-Daniels-Midland Company	3.53%	$2.03	82.76%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Analysis Mode

Ticker

Industry

Sector

ASA International Group PLC (ASAI.L)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener