DDM Analysis: WWIB.OL

Valuation Snapshot

Stable Growth	$117.77 - $175.26	$145.16
Multi-Stage	$162.52 - $178.39	$170.30
Blended Fair Value	$157.73
Current Price	$43.01
Upside	266.73%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	3.04%	1.84%	1.69	1.08	0.99	1.36	0.42	1.46	0.94	0.85	0.71	1.01
YoY Growth	-	-	56.52%	9.52%	-27.59%	222.22%	-70.97%	55.00%	11.11%	20.00%	-30.23%	-28.33%
Dividend Yield	-	-	4.64%	3.23%	3.95%	4.97%	1.98%	14.93%	5.41%	2.88%	2.68%	5.36%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	604.00
(-) Cash Dividends Paid (M)	80.00
(=) Cash Retained (M)	524.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	120.80	75.50	45.30
Cash Retained (M)	524.00	524.00	524.00
(-) Cash Required (M)	-120.80	-75.50	-45.30
(=) Excess Retained (M)	403.20	448.50	478.70
(/) Shares Outstanding (M)	42.50	42.50	42.50
(=) Excess Retained per Share	9.49	10.55	11.26
LTM Dividend per Share	1.88	1.88	1.88
(+) Excess Retained per Share	9.49	10.55	11.26
(=) Adjusted Dividend	11.37	12.44	13.15
WACC / Discount Rate	9.48%	9.48%	9.48%
Growth Rate	-0.16%	0.84%	1.84%
Fair Value	$117.77	$145.16	$175.26
Upside / Downside	173.81%	237.49%	307.48%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	604.00	609.07	614.19	619.35	624.55	629.80	648.69
Payout Ratio	13.25%	28.60%	43.95%	59.30%	74.65%	90.00%	92.50%
Projected Dividends (M)	80.00	174.17	269.92	367.26	466.22	566.82	600.04

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	9.48%	9.48%	9.48%
Growth Rate	-0.16%	0.84%	1.84%
Year 1 PV (M)	157.51	159.09	160.67
Year 2 PV (M)	220.76	225.20	229.69
Year 3 PV (M)	271.64	279.89	288.30
Year 4 PV (M)	311.86	324.54	337.61
Year 5 PV (M)	342.88	360.40	378.63
PV of Terminal Value (M)	5,602.39	5,888.63	6,186.46
Equity Value (M)	6,907.04	7,237.75	7,581.35
Shares Outstanding (M)	42.50	42.50	42.50
Fair Value	$162.52	$170.30	$178.39
Upside / Downside	277.87%	295.97%	314.76%

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

Wilh. Wilhelmsen Holding ASA (WWIB.OL)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener