DDM Analysis: PZU.WA

Valuation Snapshot

Stable Growth	$1,197.68 - $1,411.07	$1,322.38
Multi-Stage	$262.55 - $287.37	$274.73
Blended Fair Value	$798.56
Current Price	$63.00
Upside	1,167.55%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	9.16%	9.83%	4.34	2.40	1.94	3.50	0.00	2.80	2.50	1.40	2.08	4.70
YoY Growth	-	-	80.89%	23.70%	-44.57%	0.00%	-100.00%	12.00%	78.58%	-32.68%	-55.75%	176.47%
Dividend Yield	-	-	7.75%	4.93%	5.53%	10.34%	0.00%	8.94%	6.13%	3.35%	5.98%	13.21%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	6,126.00
(-) Cash Dividends Paid (M)	3,748.00
(=) Cash Retained (M)	2,378.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	1,225.20	765.75	459.45
Cash Retained (M)	2,378.00	2,378.00	2,378.00
(-) Cash Required (M)	-1,225.20	-765.75	-459.45
(=) Excess Retained (M)	1,152.80	1,612.25	1,918.55
(/) Shares Outstanding (M)	863.39	863.39	863.39
(=) Excess Retained per Share	1.34	1.87	2.22
LTM Dividend per Share	4.34	4.34	4.34
(+) Excess Retained per Share	1.34	1.87	2.22
(=) Adjusted Dividend	5.68	6.21	6.56
WACC / Discount Rate	5.83%	5.83%	5.83%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$1,197.68	$1,322.38	$1,411.07
Upside / Downside	1,801.08%	1,999.02%	2,139.80%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	6,126.00	6,524.19	6,948.26	7,399.90	7,880.89	8,393.15	8,644.95
Payout Ratio	61.18%	66.95%	72.71%	78.47%	84.24%	90.00%	92.50%
Projected Dividends (M)	3,748.00	4,367.65	5,052.02	5,806.90	6,638.58	7,553.84	7,996.57

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	5.83%	5.83%	5.83%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	4,088.22	4,126.97	4,165.72
Year 2 PV (M)	4,426.26	4,510.57	4,595.67
Year 3 PV (M)	4,762.15	4,898.85	5,038.15
Year 4 PV (M)	5,095.88	5,291.85	5,493.42
Year 5 PV (M)	5,427.47	5,689.62	5,961.80
PV of Terminal Value (M)	202,883.68	212,683.04	222,857.44
Equity Value (M)	226,683.66	237,200.90	248,112.20
Shares Outstanding (M)	863.39	863.39	863.39
Fair Value	$262.55	$274.73	$287.37
Upside / Downside	316.75%	336.08%	356.14%

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

Powszechny Zaklad Ubezpieczen S.A. (PZU.WA)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener