Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Merchants Bancorp (MBINO)

Company Dividend Discount ModelIndustry: Banks - RegionalSector: Financial Services

Valuation Snapshot

Stable Growth$316.83 - $1,067.83$1,000.72
Multi-Stage$138.00 - $151.06$144.41
Blended Fair Value$572.56
Current Price$31.80
Upside1,700.52%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS24.29%0.00%1.111.060.830.680.520.380.220.170.140.09
YoY Growth--5.49%27.42%21.87%31.95%37.19%68.89%28.50%27.73%47.42%0.00%
Dividend Yield--3.01%2.50%3.18%2.48%1.84%3.71%1.54%1.21%1.21%0.82%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)246.59
(-) Cash Dividends Paid (M)59.41
(=) Cash Retained (M)187.18
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)49.3230.8218.49
Cash Retained (M)187.18187.18187.18
(-) Cash Required (M)-49.32-30.82-18.49
(=) Excess Retained (M)137.86156.35168.68
(/) Shares Outstanding (M)45.9245.9245.92
(=) Excess Retained per Share3.003.403.67
LTM Dividend per Share1.291.291.29
(+) Excess Retained per Share3.003.403.67
(=) Adjusted Dividend4.304.704.97
WACC / Discount Rate6.93%6.93%6.93%
Growth Rate5.50%6.50%7.50%
Fair Value$316.83$1,000.72$1,067.83
Upside / Downside896.33%3,046.91%3,257.97%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)246.59262.62279.69297.86317.23337.85347.98
Payout Ratio24.09%37.27%50.46%63.64%76.82%90.00%92.50%
Projected Dividends (M)59.4197.89141.12189.55243.69304.06321.88

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.93%6.93%6.93%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)90.6891.5492.40
Year 2 PV (M)121.11123.42125.75
Year 3 PV (M)150.71155.03159.44
Year 4 PV (M)179.49186.39193.49
Year 5 PV (M)207.48217.50227.90
PV of Terminal Value (M)5,588.295,858.216,138.45
Equity Value (M)6,337.766,632.096,937.44
Shares Outstanding (M)45.9245.9245.92
Fair Value$138.00$144.41$151.06
Upside / Downside333.97%354.13%375.03%

High-Yield Dividend Screener

« Prev Page 96 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
0053.HKGuoco Group Limited1.06%$0.7324.48%
0QRA.LBufab AB (publ)1.06%$1.0533.67%
1478.HKQ Technology (Group) Company Limited1.06%$0.0916.75%
300547.SZSichuan Chuanhuan Technology Co.,Ltd.1.06%$0.4246.91%
3605.TWACES Electronics Co., Ltd.1.06%$0.6716.60%
600862.SSAVIC Aviation High-Technology Co., Ltd.1.06%$0.2533.36%
600895.SSShanghai Zhangjiang Hi-Tech Park Development Co., Ltd.1.06%$0.4766.35%
601989.SSChina Shipbuilding Industry Company Limited1.06%$0.0548.46%
603823.SSLily Group Co., Ltd.1.06%$0.1639.52%
603856.SSShandong Donghong Pipe Industry Co., Ltd.1.06%$0.1321.43%
603909.SSHolsin Engineering Consulting Group Co.,Ltd.1.06%$0.1228.69%
688015.SSTraffic Control Technology Co., Ltd.1.06%$0.2432.90%
SPLTN.STInvestment AB Spiltan1.06%$2.197.20%
002452.SZChanggao Electric Group Co., Ltd.1.05%$0.0919.43%
002632.SZDaoming Optics&Chemical Co.,Ltd1.05%$0.1339.58%
002864.SZShaanxi Panlong Pharmaceutical Group Limited By Share Ltd1.05%$0.3228.23%
006800.KSMirae Asset Securities Co. Ltd.1.05%$257.6512.18%
090430.KSAmorepacific Corporation1.05%$1,336.4358.38%
1230.HKYashili International Holdings Ltd1.05%$0.0130.51%
136490.KSSunjin Co.,Ltd.1.05%$100.043.41%
300543.SZShenzhen Longood Intelligent Electric Co.,LTD1.05%$0.1299.57%
301580.SZAidite Qinhuangdao Technology Co Ltd1.05%$0.4727.41%
484870.KSMNC Solution Co., Ltd.1.05%$1,480.2735.83%
603017.SSARTS Group Co., Ltd1.05%$0.1279.10%
603067.SSHubei Zhenhua Chemical Co.,Ltd.1.05%$0.3031.09%
603358.SSHuada Automotive Technology Corp.,Ltd1.05%$0.5359.33%
603929.SSL&K Engineering (Suzhou) Co.,Ltd.1.05%$1.0033.37%
BRIS.JKPT Bank Syariah Indonesia Tbk1.05%$22.7814.07%
EREGL.ISEregli Demir ve Çelik Fabrikalari T.A.S.1.05%$0.2633.82%
TECKTeck Resources Limited1.05%$0.5119.75%
002957.SZShenzhen Colibri Technologies Co., Ltd.1.04%$0.2242.63%
006280.KSGC Biopharma Corp.1.04%$1,649.8533.43%
0N08.LPanoro Energy ASA1.04%$0.2168.53%
3733.TSoftware Service, Inc.1.04%$140.0111.99%
4307.TNomura Research Institute, Ltd.1.04%$62.8935.46%
600100.SSTsinghua Tongfang Co.,Ltd.1.04%$0.0978.90%
600863.SSInner Mongolia MengDian HuaNeng Thermal Power Corporation Limited1.04%$0.0514.74%
603989.SSHunan Aihua Group Co., Ltd1.04%$0.1731.43%
605118.SSXiamen Leading Optics Co., Ltd.1.04%$0.3146.29%
6720.TWOMajor-Power Technology Co., Ltd.1.04%$1.2720.76%
6808.HKSun Art Retail Group Limited1.04%$0.0242.72%
SSC.BKSermsuk Public Company Limited1.04%$0.5234.17%
000779.SZGansu Engineering Consulting Group Co., Ltd.1.03%$0.0818.98%
0A0H.ILBeijer Ref AB (publ)1.03%$1.3828.57%
103590.KSIljin Electric Co.,Ltd1.03%$600.4233.30%
2614.TWEastern Media International Corporation1.03%$0.2311.71%
2GB.DE2G Energy AG1.03%$0.3715.61%
300888.SZWinner Medical Co., Ltd.1.03%$0.3925.98%
301149.SZShandong Longhua New Material Co., Ltd.1.03%$0.1134.91%
319660.KQPSK Inc.1.03%$400.0014.97%