Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Associated Banc-Corp (ASB)

Company Dividend Discount ModelIndustry: Banks - RegionalSector: Financial Services

Valuation Snapshot

Stable Growth$28.73 - $94.66$46.73
Multi-Stage$23.95 - $26.15$25.03
Blended Fair Value$35.88
Current Price$25.71
Upside39.57%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS4.48%9.02%0.850.790.750.710.680.680.640.460.410.38
YoY Growth--7.46%5.20%6.10%3.60%0.20%5.96%38.08%12.62%8.74%6.29%
Dividend Yield--3.76%3.71%4.17%3.10%3.19%5.32%2.91%1.87%1.69%2.12%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)176.03
(-) Cash Dividends Paid (M)154.13
(=) Cash Retained (M)21.90
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)35.2122.0013.20
Cash Retained (M)21.9021.9021.90
(-) Cash Required (M)-35.21-22.00-13.20
(=) Excess Retained (M)-13.30-0.108.70
(/) Shares Outstanding (M)164.34164.34164.34
(=) Excess Retained per Share-0.080.000.05
LTM Dividend per Share0.940.940.94
(+) Excess Retained per Share-0.080.000.05
(=) Adjusted Dividend0.860.940.99
WACC / Discount Rate7.50%7.50%7.50%
Growth Rate4.39%5.39%6.39%
Fair Value$28.73$46.73$94.66
Upside / Downside11.74%81.77%268.18%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)176.03185.51195.50206.03217.13228.82235.69
Payout Ratio87.56%88.05%88.53%89.02%89.51%90.00%92.50%
Projected Dividends (M)154.13163.34173.09183.42194.35205.94218.01

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.50%7.50%7.50%
Growth Rate4.39%5.39%6.39%
Year 1 PV (M)150.50151.94153.38
Year 2 PV (M)146.95149.78152.64
Year 3 PV (M)143.48147.65151.89
Year 4 PV (M)140.09145.54151.14
Year 5 PV (M)136.78143.46150.39
PV of Terminal Value (M)3,218.473,375.623,538.84
Equity Value (M)3,936.284,113.994,298.29
Shares Outstanding (M)164.34164.34164.34
Fair Value$23.95$25.03$26.15
Upside / Downside-6.84%-2.63%1.73%

High-Yield Dividend Screener

« Prev Page 91 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
9104.TMitsui O.S.K. Lines, Ltd.1.23%$57.816.75%
BATR.JKBenteng Api Technic Tbk.1.23%$1.4036.27%
PAAL-B.COPer Aarsleff Holding A/S1.23%$10.7225.18%
000715.SZZhongxing Shenyang Commercial Building Group Co.,Ltd1.22%$0.0836.61%
002130.SZShenZhen Woer Heat-Shrinkable Material Co.,Ltd.1.22%$0.3239.58%
0133.HKChina Merchants China Direct Investments Limited1.22%$0.1914.27%
0564.HKZCZL Industrial Technology Group Company Limited Class H1.22%$0.2610.61%
0GMG.LAddnode Group AB (publ)1.22%$1.1440.63%
2376.HKLushang Life Services Co., Ltd.1.22%$0.036.51%
300251.SZBeijing Enlight Media Co., Ltd.1.22%$0.2026.99%
300263.SZLonghua Technology Group Co.,Ltd.1.22%$0.1161.13%
301132.SZJi'an Mankun Technology Co., Ltd.1.22%$0.4144.02%
600983.SSWhirlpool China Co., Ltd.1.22%$0.1219.14%
601799.SSChangzhou Xingyu Automotive Lighting Systems Co.,Ltd.1.22%$1.5027.12%
TFBANK.STTF Bank AB (publ)1.22%$1.9717.64%
TOTS3.SATotvs S.a.1.22%$0.5036.80%
003017.SZZhejiang Dayang Biology Technology Co.,Ltd.1.21%$0.3632.30%
003028.SZGenbyte Technology Inc.1.21%$0.3635.28%
086450.KQDongKook Pharmaceutical Co., Ltd.1.21%$206.6315.20%
300003.SZLepu Medical Technology (Beijing) Co., Ltd.1.21%$0.1983.02%
3648.TAGS Corporation1.21%$15.9116.60%
3687.TFixstars Corporation1.21%$18.9128.89%
600222.SSHenan Taloph Pharmaceutical Stock Co.,Ltd1.21%$0.0893.49%
600378.SSHaohua Chemical Science & Technology Corp., Ltd.1.21%$0.3934.67%
600575.SSHuaihe Energy (Group) Co.,Ltd1.21%$0.0420.84%
601101.SSBeijing Haohua Energy Resource Co., Ltd.1.21%$0.0926.44%
601198.SSDongxing Securities Corporation Limited1.21%$0.1724.60%
6944.TWOMega Union Technology Inc.1.21%$8.4522.42%
ERFEnerplus Corporation1.21%$0.2412.97%
GYLD-A.COGyldendal A/S1.21%$20.0044.02%
002007.SZHualan Biological Engineering Inc.1.20%$0.1835.04%
002140.KSKorea Industrial Co., Ltd.1.20%$30.037.91%
002185.SZTianshui Huatian Technology Co., Ltd.1.20%$0.1353.46%
002273.SZZhejiang Crystal-Optech Co., Ltd1.20%$0.3036.00%
002315.SZFocus Technology Co., Ltd.1.20%$0.5534.23%
002516.SZKuangda Technology Group Co., Ltd.1.20%$0.0865.15%
002534.SZXizi Clean Energy Equipment Manufacturing Co.,ltd.1.20%$0.2087.30%
0425.HKMinth Group Limited1.20%$0.409.99%
2630.TWAir Asia Co., Ltd.1.20%$0.6260.94%
2802.TAjinomoto Co., Inc.1.20%$39.9250.21%
300562.SZGuangdong Transtek Medical Electronics Co., Ltd1.20%$0.1645.17%
603680.SSKTK Group Co., Ltd.1.20%$0.1828.61%
6078.HKHygeia Healthcare Holdings Co., Limited1.20%$0.158.82%
BYGGP.STByggPartner Gruppen AB (publ)1.20%$0.5021.08%
GFH.AEGFH Financial Group BSC1.20%$0.0377.14%
NDA.DEAurubis AG1.20%$1.5112.24%
002171.SZAnhui Truchum Advanced Materials and Technology Co., Ltd.1.19%$0.1642.58%
002241.SZGoertek Inc.1.19%$0.3440.79%
002752.SZSunrise Group Company Limited1.19%$0.0826.12%
002893.SZBeijing Jingneng Thermal Co. Ltd. Class A1.19%$0.1342.82%