DDM Analysis: VKE.JO

Valuation Snapshot

Stable Growth	$182.97 - $1,012.97	$351.74
Multi-Stage	$112.01 - $122.59	$117.20
Blended Fair Value	$234.47
Current Price	$20.75
Upside	1,029.98%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DPS	-4.46%	7.14%	1.27	1.04	0.94	1.15	0.39	1.59	1.30	1.01	0.90	0.80
YoY Growth	-	-	22.41%	9.86%	-18.33%	193.49%	-75.31%	22.99%	28.61%	12.52%	11.90%	25.75%
Dividend Yield	-	-	7.27%	6.95%	7.58%	8.21%	4.55%	22.51%	6.41%	4.60%	4.65%	4.71%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	5,987.00
(-) Cash Dividends Paid (M)	1,342.00
(=) Cash Retained (M)	4,645.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	1,197.40	748.38	449.03
Cash Retained (M)	4,645.00	4,645.00	4,645.00
(-) Cash Required (M)	-1,197.40	-748.38	-449.03
(=) Excess Retained (M)	3,447.60	3,896.63	4,195.98
(/) Shares Outstanding (M)	1,171.49	1,171.49	1,171.49
(=) Excess Retained per Share	2.94	3.33	3.58
LTM Dividend per Share	1.15	1.15	1.15
(+) Excess Retained per Share	2.94	3.33	3.58
(=) Adjusted Dividend	4.09	4.47	4.73
WACC / Discount Rate	7.49%	7.49%	7.49%
Growth Rate	5.14%	6.14%	7.14%
Fair Value	$182.97	$351.74	$1,012.97
Upside / Downside	781.77%	1,595.12%	4,781.79%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	5,987.00	6,354.66	6,744.91	7,159.12	7,598.76	8,065.40	8,307.37
Payout Ratio	22.42%	35.93%	49.45%	62.97%	76.48%	90.00%	92.50%
Projected Dividends (M)	1,342.00	2,283.37	3,335.30	4,507.82	5,811.76	7,258.86	7,684.31

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	7.49%	7.49%	7.49%
Growth Rate	5.14%	6.14%	7.14%
Year 1 PV (M)	2,104.24	2,124.25	2,144.27
Year 2 PV (M)	2,832.52	2,886.66	2,941.30
Year 3 PV (M)	3,527.96	3,629.58	3,733.14
Year 4 PV (M)	4,191.64	4,353.40	4,519.79
Year 5 PV (M)	4,824.63	5,058.47	5,301.29
PV of Terminal Value (M)	113,739.19	119,251.95	124,976.42
Equity Value (M)	131,220.18	137,304.31	143,616.22
Shares Outstanding (M)	1,171.49	1,171.49	1,171.49
Fair Value	$112.01	$117.20	$122.59
Upside / Downside	439.81%	464.84%	490.81%

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

Vukile Property Fund Limited (VKE.JO)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener