DDM Analysis: POLYCAB.BO

Valuation Snapshot

Stable Growth	$27,531.66 - $32,436.97	$30,398.19
Multi-Stage	$18,924.12 - $20,769.88	$19,829.76
Blended Fair Value	$25,113.97
Current Price	$7,286.00
Upside	244.69%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DPS	20.26%	41.40%	29.89	19.86	13.88	9.88	0.00	11.88	0.19	1.13	1.17	1.73
YoY Growth	-	-	50.50%	43.10%	40.42%	0.00%	-100.00%	6,136.56%	-83.08%	-4.05%	-32.25%	85.18%
Dividend Yield	-	-	0.46%	0.29%	0.39%	0.45%	0.00%	1.51%	0.03%	0.17%	0.00%	0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	24,618.02
(-) Cash Dividends Paid (M)	5,267.73
(=) Cash Retained (M)	19,350.29

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	4,923.60	3,077.25	1,846.35
Cash Retained (M)	19,350.29	19,350.29	19,350.29
(-) Cash Required (M)	-4,923.60	-3,077.25	-1,846.35
(=) Excess Retained (M)	14,426.69	16,273.04	17,503.94
(/) Shares Outstanding (M)	150.94	150.94	150.94
(=) Excess Retained per Share	95.58	107.81	115.97
LTM Dividend per Share	34.90	34.90	34.90
(+) Excess Retained per Share	95.58	107.81	115.97
(=) Adjusted Dividend	130.48	142.71	150.87
WACC / Discount Rate	2.05%	2.05%	2.05%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$27,531.66	$30,398.19	$32,436.97
Upside / Downside	277.87%	317.21%	345.20%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	24,618.02	26,218.19	27,922.37	29,737.33	31,670.25	33,728.82	34,740.69
Payout Ratio	21.40%	35.12%	48.84%	62.56%	76.28%	90.00%	92.50%
Projected Dividends (M)	5,267.73	9,207.38	13,636.93	18,603.42	24,157.93	30,355.94	32,135.13

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	2.05%	2.05%	2.05%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	8,937.85	9,022.57	9,107.29
Year 2 PV (M)	12,850.23	13,094.99	13,342.06
Year 3 PV (M)	17,017.04	17,505.54	18,003.30
Year 4 PV (M)	21,451.04	22,275.98	23,124.50
Year 5 PV (M)	26,165.52	27,429.32	28,741.49
PV of Terminal Value (M)	2,769,910.63	2,903,698.35	3,042,606.44
Equity Value (M)	2,856,332.31	2,993,026.75	3,134,925.08
Shares Outstanding (M)	150.94	150.94	150.94
Fair Value	$18,924.12	$19,829.76	$20,769.88
Upside / Downside	159.73%	172.16%	185.07%

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

Mode

Ticker

Industry

Sector

Polycab India Limited (POLYCAB.BO)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener