DDM Analysis: BPP-R.BK

Valuation Snapshot

Stable Growth	$65.06 - $127.93	$119.89
Multi-Stage	$20.44 - $22.34	$21.37
Blended Fair Value	$70.63
Current Price	$8.15
Upside	766.64%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	1.47%	1.23%	0.70	0.70	0.75	0.65	0.60	0.65	0.60	0.55	0.53	2.21
YoY Growth	-	-	0.00%	-6.67%	15.38%	8.30%	-7.76%	8.34%	9.24%	4.33%	-76.14%	256.53%
Dividend Yield	-	-	10.00%	4.73%	4.69%	3.92%	2.99%	5.42%	2.63%	2.26%	2.11%	10.52%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	1,960.51
(-) Cash Dividends Paid (M)	1,676.25
(=) Cash Retained (M)	284.26

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	392.10	245.06	147.04
Cash Retained (M)	284.26	284.26	284.26
(-) Cash Required (M)	-392.10	-245.06	-147.04
(=) Excess Retained (M)	-107.84	39.20	137.22
(/) Shares Outstanding (M)	3,047.73	3,047.73	3,047.73
(=) Excess Retained per Share	-0.04	0.01	0.05
LTM Dividend per Share	0.55	0.55	0.55
(+) Excess Retained per Share	-0.04	0.01	0.05
(=) Adjusted Dividend	0.51	0.56	0.60
WACC / Discount Rate	6.33%	6.33%	6.33%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$65.06	$119.89	$127.93
Upside / Downside	698.34%	1,371.03%	1,469.69%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	1,960.51	2,087.94	2,223.65	2,368.19	2,522.12	2,686.06	2,766.64
Payout Ratio	85.50%	86.40%	87.30%	88.20%	89.10%	90.00%	92.50%
Projected Dividends (M)	1,676.25	1,803.99	1,941.26	2,088.75	2,247.22	2,417.46	2,559.15

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.33%	6.33%	6.33%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	1,680.60	1,696.53	1,712.46
Year 2 PV (M)	1,684.77	1,716.86	1,749.26
Year 3 PV (M)	1,688.78	1,737.26	1,786.66
Year 4 PV (M)	1,692.62	1,757.72	1,824.67
Year 5 PV (M)	1,696.30	1,778.23	1,863.30
PV of Terminal Value (M)	53,854.03	56,455.20	59,155.92
Equity Value (M)	62,297.11	65,141.80	68,092.27
Shares Outstanding (M)	3,047.73	3,047.73	3,047.73
Fair Value	$20.44	$21.37	$22.34
Upside / Downside	150.80%	162.26%	174.13%

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

Banpu Power Public Company Limited (BPP-R.BK)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener