DDM Analysis: SMTO3.SA

Valuation Snapshot

Stable Growth	$246.56 - $301.24	$282.30
Multi-Stage	$51.44 - $56.35	$53.85
Blended Fair Value	$168.07
Current Price	$17.36
Upside	868.17%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DPS	12.11%	25.19%	1.23	1.23	1.13	2.44	0.57	0.69	0.54	0.30	0.17	0.20
YoY Growth	-	-	-0.19%	8.60%	-53.46%	330.43%	-18.43%	27.78%	80.00%	80.56%	-18.48%	57.67%
Dividend Yield	-	-	6.99%	3.61%	3.32%	6.70%	1.57%	3.27%	2.73%	1.69%	0.97%	1.15%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	502.21
(-) Cash Dividends Paid (M)	128.61
(=) Cash Retained (M)	373.60

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	100.44	62.78	37.67
Cash Retained (M)	373.60	373.60	373.60
(-) Cash Required (M)	-100.44	-62.78	-37.67
(=) Excess Retained (M)	273.15	310.82	335.93
(/) Shares Outstanding (M)	331.55	331.55	331.55
(=) Excess Retained per Share	0.82	0.94	1.01
LTM Dividend per Share	0.39	0.39	0.39
(+) Excess Retained per Share	0.82	0.94	1.01
(=) Adjusted Dividend	1.21	1.33	1.40
WACC / Discount Rate	6.02%	6.02%	6.02%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$246.56	$282.30	$301.24
Upside / Downside	1,320.28%	1,526.17%	1,635.24%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	502.21	534.85	569.62	606.64	646.07	688.07	708.71
Payout Ratio	25.61%	38.49%	51.37%	64.24%	77.12%	90.00%	92.50%
Projected Dividends (M)	128.61	205.85	292.59	389.73	498.26	619.26	655.56

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	6.02%	6.02%	6.02%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	192.34	194.16	195.99
Year 2 PV (M)	255.44	260.31	265.22
Year 3 PV (M)	317.93	327.05	336.35
Year 4 PV (M)	379.79	394.40	409.42
Year 5 PV (M)	441.04	462.34	484.46
PV of Terminal Value (M)	15,467.67	16,214.76	16,990.45
Equity Value (M)	17,054.21	17,853.03	18,681.89
Shares Outstanding (M)	331.55	331.55	331.55
Fair Value	$51.44	$53.85	$56.35
Upside / Downside	196.30%	210.18%	224.58%

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

São Martinho S.A. (SMTO3.SA)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener