DDM Analysis: BGRIM-R.BK

Valuation Snapshot

Stable Growth	$17.69 - $48.43	$27.31
Multi-Stage	$20.85 - $22.85	$21.83
Blended Fair Value	$24.57
Current Price	$13.70
Upside	79.35%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	2.38%	5.26%	0.36	0.22	0.30	0.45	0.37	0.32	0.45	0.05	0.17	0.52
YoY Growth	-	-	67.44%	-28.33%	-33.33%	21.62%	15.63%	-28.89%	869.83%	-72.25%	-67.86%	141.30%
Dividend Yield	-	-	3.53%	0.78%	0.74%	1.28%	0.81%	0.81%	1.44%	0.18%	1.04%	3.25%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	1,968.73
(-) Cash Dividends Paid (M)	1,120.97
(=) Cash Retained (M)	847.76

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	393.75	246.09	147.65
Cash Retained (M)	847.76	847.76	847.76
(-) Cash Required (M)	-393.75	-246.09	-147.65
(=) Excess Retained (M)	454.02	601.67	700.11
(/) Shares Outstanding (M)	2,606.90	2,606.90	2,606.90
(=) Excess Retained per Share	0.17	0.23	0.27
LTM Dividend per Share	0.43	0.43	0.43
(+) Excess Retained per Share	0.17	0.23	0.27
(=) Adjusted Dividend	0.60	0.66	0.70
WACC / Discount Rate	6.34%	6.34%	6.34%
Growth Rate	2.82%	3.82%	4.82%
Fair Value	$17.69	$27.31	$48.43
Upside / Downside	29.11%	99.35%	253.49%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	1,968.73	2,044.01	2,122.16	2,203.30	2,287.55	2,375.01	2,446.26
Payout Ratio	56.94%	63.55%	70.16%	76.78%	83.39%	90.00%	92.50%
Projected Dividends (M)	1,120.97	1,298.98	1,488.97	1,691.59	1,907.53	2,137.51	2,262.79

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.34%	6.34%	6.34%
Growth Rate	2.82%	3.82%	4.82%
Year 1 PV (M)	1,209.82	1,221.59	1,233.35
Year 2 PV (M)	1,291.59	1,316.83	1,342.32
Year 3 PV (M)	1,366.63	1,406.89	1,447.94
Year 4 PV (M)	1,435.31	1,491.96	1,550.28
Year 5 PV (M)	1,497.95	1,572.23	1,649.42
PV of Terminal Value (M)	47,540.53	49,897.69	52,347.43
Equity Value (M)	54,341.83	56,907.19	59,570.73
Shares Outstanding (M)	2,606.90	2,606.90	2,606.90
Fair Value	$20.85	$21.83	$22.85
Upside / Downside	52.16%	59.34%	66.80%

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

B.Grimm Power Public Company Limited (BGRIM-R.BK)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener