DDM Analysis: MELG.OL

Valuation Snapshot

Stable Growth	$8,986.20 - $10,587.26	$9,921.82
Multi-Stage	$1,972.15 - $2,160.86	$2,064.76
Blended Fair Value	$5,993.29
Current Price	$168.98
Upside	3,446.75%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	6.79%	10.33%	12.50	11.00	10.50	7.00	10.00	9.00	8.50	7.06	4.68	4.95
YoY Growth	-	-	13.64%	4.76%	49.99%	-30.00%	11.11%	5.88%	20.39%	50.99%	-5.55%	5.88%
Dividend Yield	-	-	7.49%	7.01%	6.73%	4.24%	6.94%	7.09%	6.91%	5.98%	4.08%	4.48%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	147.79
(-) Cash Dividends Paid (M)	37.48
(=) Cash Retained (M)	110.31

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	29.56	18.47	11.08
Cash Retained (M)	110.31	110.31	110.31
(-) Cash Required (M)	-29.56	-18.47	-11.08
(=) Excess Retained (M)	80.75	91.84	99.22
(/) Shares Outstanding (M)	2.78	2.78	2.78
(=) Excess Retained per Share	29.09	33.08	35.74
LTM Dividend per Share	13.50	13.50	13.50
(+) Excess Retained per Share	29.09	33.08	35.74
(=) Adjusted Dividend	42.59	46.58	49.24
WACC / Discount Rate	5.78%	5.78%	5.78%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$8,986.20	$9,921.82	$10,587.26
Upside / Downside	5,217.91%	5,771.59%	6,165.39%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	147.79	157.39	167.62	178.52	190.12	202.48	208.56
Payout Ratio	25.36%	38.29%	51.22%	64.14%	77.07%	90.00%	92.50%
Projected Dividends (M)	37.48	60.26	85.85	114.51	146.53	182.23	192.92

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	5.78%	5.78%	5.78%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	56.44	56.97	57.51
Year 2 PV (M)	75.30	76.73	78.18
Year 3 PV (M)	94.06	96.76	99.51
Year 4 PV (M)	112.72	117.05	121.51
Year 5 PV (M)	131.28	137.62	144.20
PV of Terminal Value (M)	5,005.12	5,246.87	5,497.87
Equity Value (M)	5,474.90	5,732.00	5,998.77
Shares Outstanding (M)	2.78	2.78	2.78
Fair Value	$1,972.15	$2,064.76	$2,160.86
Upside / Downside	1,067.09%	1,121.90%	1,178.77%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 90 of 151 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
688267.SS	China Catalyst Holding Co., Ltd.	1.26%	$0.35	34.87%
8848.T	Leopalace21 Corporation	1.26%	$8.31	27.11%
BAUH4.SA	Excelsior Alimentos S.A.	1.26%	$1.17	21.88%
CAST.ST	Castellum AB (publ)	1.26%	$1.33	21.53%
CRH	CRH plc	1.26%	$1.60	33.62%
HBEL.BO	Humming Bird Education Limited	1.26%	$0.30	36.54%
JCI	Johnson Controls International plc	1.26%	$1.54	56.71%
KOG.OL	Kongsberg Gruppen ASA	1.26%	$3.40	42.40%
OEM-B.ST	OEM International AB (publ)	1.26%	$1.74	40.26%
SAREGAMA.BO	Saregama India Limited	1.26%	$4.51	42.77%
SDPC.JK	PT Millennium Pharmacon International Tbk	1.26%	$2.00	15.16%
002448.SZ	ZYNP Corporation	1.25%	$0.16	32.06%
0QLU.L	Basler Kantonalbank	1.25%	$1.11	12.42%
145720.KS	Dentium Co. Ltd.	1.25%	$599.51	9.81%
204320.KS	Mando Corporation	1.25%	$820.37	29.46%
3684.TWO	Grand-Tek Technology Co., Ltd.	1.25%	$0.80	29.94%
5819.KL	Hong Leong Bank Berhad	1.25%	$0.28	13.43%
600633.SS	Zhejiang Daily Digital Culture Group Co.,Ltd.	1.25%	$0.16	35.54%
600850.SS	CETC Digital Technology Co.,Ltd.	1.25%	$0.37	49.83%
603329.SS	Shanghai Ace Investment & Development Co., Ltd.	1.25%	$0.14	79.14%
603920.SS	Olympic Circuit Technology Co., Ltd	1.25%	$0.61	53.40%
6632.T	JVCKENWOOD Corporation	1.25%	$15.03	12.26%
9717.T	JASTEC Co., Ltd.	1.25%	$24.25	22.00%
9719.T	SCSK Corporation	1.25%	$70.95	36.13%
ENTER.AT	Entersoft S.A.	1.25%	$0.10	20.30%
ETN	Eaton Corporation plc	1.25%	$4.08	40.54%
IRFC.BO	Indian Railway Finance Corporation Limited	1.25%	$1.60	30.59%
LVC.WA	LiveChat Software S.A.	1.25%	$1.46	20.71%
ORSTED.CO	Ørsted A/S	1.25%	$1.60	10.19%
000514.SZ	Chongqing Yukaifa Co., Ltd	1.24%	$0.06	55.20%
002346.SZ	Shanghai Zhezhong Group Co.,Ltd	1.24%	$0.25	18.48%
002748.SZ	Jiangxi Selon Industrial Co., Ltd.	1.24%	$0.16	89.09%
1976.T	MEISEI INDUSTRIAL Co.,Ltd.	1.24%	$21.03	12.53%
300763.SZ	Ginlong Technologies Co., Ltd.	1.24%	$0.88	39.17%
600871.SS	Sinopec Oilfield Service Corporation	1.24%	$0.03	81.02%
603585.SS	Suli Co., Ltd.	1.24%	$0.23	35.70%
605116.SS	Aurisco Pharmaceutical Co.,Ltd.	1.24%	$0.31	29.49%
ALWED.PA	Wedia S.A.	1.24%	$0.38	21.38%
MNC.WA	Mennica Polska S.A.	1.24%	$0.60	6.22%
MTHH.CO	MT Højgaard Holding A/S	1.24%	$6.49	19.74%
WALL-B.ST	Wallenstam AB (publ)	1.24%	$0.51	17.40%
WRT1V.HE	Wärtsilä Oyj Abp	1.24%	$0.38	40.46%
041830.KQ	InBody Co.,Ltd	1.23%	$400.00	16.47%
0QHK.L	SeSa S.p.A.	1.23%	$1.12	27.54%
0Y5C.L	Allegion plc	1.23%	$1.99	26.83%
300726.SZ	Zhuzhou Hongda Electronics Corp.,Ltd.	1.23%	$0.63	74.98%
300916.SZ	Shenzhen Longtech Smart Control Co., Ltd.	1.23%	$0.40	42.79%
4148.TW	All Cosmos Bio-Tech Holding Corporation	1.23%	$0.48	23.21%
544.SI	CSE Global Limited	1.23%	$0.01	26.84%
600104.SS	SAIC Motor Corporation Limited	1.23%	$0.19	75.02%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

Melhus Sparebank (MELG.OL)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener