Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

First Citizens BancShares, Inc. (FCNCA)

Company Dividend Discount ModelIndustry: Banks - RegionalSector: Financial Services

Valuation Snapshot

Stable Growth$2,878.00 - $5,584.43$3,954.31
Multi-Stage$2,138.69 - $2,336.69$2,235.90
Blended Fair Value$3,095.11
Current Price$1,789.16
Upside72.99%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS54.18%29.91%11.798.736.203.132.241.351.251.081.081.34
YoY Growth--35.04%40.96%97.62%40.00%65.41%8.09%16.42%0.00%-20.00%56.07%
Dividend Yield--0.64%0.54%0.64%0.47%0.27%0.41%0.30%0.26%0.32%0.54%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)2,326.00
(-) Cash Dividends Paid (M)163.00
(=) Cash Retained (M)2,163.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)465.20290.75174.45
Cash Retained (M)2,163.002,163.002,163.00
(-) Cash Required (M)-465.20-290.75-174.45
(=) Excess Retained (M)1,697.801,872.251,988.55
(/) Shares Outstanding (M)13.4013.4013.40
(=) Excess Retained per Share126.73139.75148.43
LTM Dividend per Share12.1712.1712.17
(+) Excess Retained per Share126.73139.75148.43
(=) Adjusted Dividend138.89151.91160.59
WACC / Discount Rate10.59%10.59%10.59%
Growth Rate5.50%6.50%7.50%
Fair Value$2,878.00$3,954.31$5,584.43
Upside / Downside60.86%121.01%212.13%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)2,326.002,477.192,638.212,809.692,992.323,186.823,282.43
Payout Ratio7.01%23.61%40.20%56.80%73.40%90.00%92.50%
Projected Dividends (M)163.00584.771,060.681,595.992,196.412,868.143,036.24

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate10.59%10.59%10.59%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)523.80528.77533.73
Year 2 PV (M)851.04867.25883.61
Year 3 PV (M)1,147.031,179.961,213.51
Year 4 PV (M)1,413.971,468.341,524.27
Year 5 PV (M)1,653.891,733.771,816.72
PV of Terminal Value (M)23,063.1824,177.1425,333.73
Equity Value (M)28,652.9029,955.2231,305.57
Shares Outstanding (M)13.4013.4013.40
Fair Value$2,138.69$2,235.90$2,336.69
Upside / Downside19.54%24.97%30.60%

High-Yield Dividend Screener

« Prev Page 93 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
603890.SSSuzhou Chunqiu Electronic Technology Co., Ltd.1.16%$0.1926.66%
688596.SSShanghai GenTech Co., Ltd.1.16%$0.3739.36%
9520.SRShatirah House Restaurant Co.1.16%$0.2872.19%
HKB.SIAMTD IDEA Group1.16%$0.041.49%
LUVE.MILU-VE S.p.A.1.16%$0.4628.39%
M-CHAI.BKMahachai Hospital Public Company Limited1.16%$0.2541.99%
TELTE Connectivity Ltd.1.16%$2.6943.59%
002705.SZGuangdong Xinbao Electrical Appliances Holdings Co., Ltd1.15%$0.1611.95%
2588.HKBOC Aviation Limited1.15%$0.8533.42%
300939.SZShenzhen AV-Display Co., Ltd.1.15%$0.4058.71%
4368.TFuso Chemical Co.,Ltd.1.15%$72.9521.72%
4543.TTerumo Corporation1.15%$26.0729.43%
600338.SSTibet Summit Resources Co.,Ltd.1.15%$0.1735.44%
600763.SSTopchoice Medical Corporation1.15%$0.4639.91%
601600.SSAluminum Corporation of China Limited1.15%$0.1416.77%
603223.SSHengtong Logistics Co., Ltd.1.15%$0.1132.46%
605003.SSZhongWang Fabric Co., Ltd.1.15%$0.4169.19%
7115.TAlpha Purchase Co., Ltd.1.15%$25.8927.00%
FSL.BOFirstsource Solutions Limited1.15%$3.9041.18%
SAP.DESAP SE1.15%$2.3338.73%
TERRA13.MXFibra Terrafina1.15%$0.4614.15%
TTEN3.SATrês Tentos Agroindustrial S/A1.15%$0.1911.01%
001301.SZShijiazhuang Shangtai Technology Co., Ltd.1.14%$0.9826.25%
004370.KSNongshim Co., Ltd.1.14%$4,883.4318.11%
0HA8.LCorporación Financiera Alba, S.A.1.14%$0.9659.26%
0ZPV.LJenoptik AG1.14%$0.3524.94%
2651.TLawson, Inc.1.14%$117.3822.18%
300636.SZJiangxi Synergy Pharmaceutical Co., Ltd.1.14%$0.0938.18%
301181.SZJiangyin Pivot Automotive Products Co., Ltd.1.14%$0.5047.28%
4200.SRAldrees Petroleum and Transport Services Company1.14%$1.5036.84%
600552.SSTriumph Science & Technology Co.,Ltd1.14%$0.1485.31%
601969.SSHainan Mining Co., Ltd.1.14%$0.1457.09%
688314.SSKontour (Xi'an) Medical Technology Co., Ltd.1.14%$0.3834.72%
8466.TWM.J. International Co., Ltd.1.14%$0.2522.59%
8467.TWBonny Worldwide Limited1.14%$2.0215.71%
9936.HKXimei Resources Holding Limited1.14%$0.079.69%
TANLA.BOTanla Platforms Limited1.14%$6.0616.86%
VIT-B.STVitec Software Group AB (publ)1.14%$3.3033.04%
WINE.JKPT HATTEN BALI Tbk1.14%$2.3515.27%
001696.SZChongqing Zongshen Power Machinery Co.,Ltd1.13%$0.2533.93%
002363.SZShandong Longji Machinery Co.,Ltd1.13%$0.1191.74%
095610.KQTES Co., Ltd1.13%$600.1415.66%
098070.KQHantech1.13%$356.9910.94%
206640.KQBoditech Med Inc.1.13%$150.0312.80%
3498.TKasumigaseki Capital Co.,Ltd.1.13%$83.2616.29%
600054.SSHuangshan Tourism Development Co.,Ltd.1.13%$0.1333.02%
600377.SSJiangsu Expressway Company Limited1.13%$0.1414.78%
601677.SSHenan Mingtai Al.Industrial Co.,Ltd.1.13%$0.1712.01%
688589.SSLeaguer (Shenzhen) Microelectronics Corp.1.13%$0.2666.29%
7203.SRElm Company1.13%$8.5030.89%