Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Western Asset Managed Municipals Fund Class C (SMMCX)

Company Dividend Discount ModelIndustry: Asset ManagementSector: Financial Services

Valuation Snapshot

Stable Growth$13.40 - $20.84$16.83
Multi-Stage$31.96 - $35.15$33.52
Blended Fair Value$25.18
Current Price$14.42
Upside74.61%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR202520242023202220212020
DPS6.43%0.00%0.690.480.380.410.450.500.000.000.000.00
YoY Growth--44.65%25.02%-7.23%-8.22%-11.30%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--4.78%3.22%2.57%2.68%2.66%3.19%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)73.38
(-) Cash Dividends Paid (M)52.58
(=) Cash Retained (M)20.80
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)14.689.175.50
Cash Retained (M)20.8020.8020.80
(-) Cash Required (M)-14.68-9.17-5.50
(=) Excess Retained (M)6.1311.6315.30
(/) Shares Outstanding (M)51.8551.8551.85
(=) Excess Retained per Share0.120.220.30
LTM Dividend per Share1.011.011.01
(+) Excess Retained per Share0.120.220.30
(=) Adjusted Dividend1.131.241.31
WACC / Discount Rate6.28%6.28%6.28%
Growth Rate-2.00%-1.00%0.00%
Fair Value$13.40$16.83$20.84
Upside / Downside-7.11%16.73%44.49%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)73.3872.6571.9271.2070.4969.7871.88
Payout Ratio71.65%75.32%78.99%82.66%86.33%90.00%92.50%
Projected Dividends (M)52.5854.7256.8158.8560.8562.8066.49

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.28%6.28%6.28%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)50.9651.4852.00
Year 2 PV (M)49.2850.2951.31
Year 3 PV (M)47.5549.0250.52
Year 4 PV (M)45.7947.6949.65
Year 5 PV (M)44.0246.3148.70
PV of Terminal Value (M)1,419.561,493.481,570.44
Equity Value (M)1,657.161,738.271,822.62
Shares Outstanding (M)51.8551.8551.85
Fair Value$31.96$33.52$35.15
Upside / Downside121.63%132.48%143.76%

High-Yield Dividend Screener

« Prev Page 97 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
3706.TWMiTAC Holdings Corporation1.03%$0.9320.99%
601231.SSUniversal Scientific Industrial (Shanghai) Co., Ltd.1.03%$0.3142.44%
603029.SSShandong Swan CottonIndustrial Machinery Stock Co.,Ltd.1.03%$0.1928.04%
6719.TWuPI Semiconductor Corp.1.03%$1.9395.83%
8869.KLPress Metal Aluminium Holdings Berhad1.03%$0.0733.32%
BBarrick Mining Corporation1.03%$0.4521.51%
ELHA.ATElvalhalcor Hellenic Copper and Aluminium Industry S.A.1.03%$0.0411.81%
000548.SZHunan Investment Group Co., Ltd.1.02%$0.0659.94%
000969.SZAdvanced Technology & Materials Co., Ltd.1.02%$0.2171.26%
002730.SZDianguang Explosion-proof Technology Co., Ltd.1.02%$0.1558.37%
104830.KQWONIK Materials Co.,Ltd.1.02%$349.9412.91%
1439.TWAscent Development Co Ltd1.02%$0.3010.76%
1523.HKPlover Bay Technologies Limited1.02%$0.0692.02%
251270.KSNetmarble Corporation1.02%$502.9938.36%
301606.SZUgreen Group Ltd1.02%$0.6040.99%
600523.SSGuizhou Guihang Automotive Components Co.,Ltd1.02%$0.1636.20%
600986.SSZhewen Interactive Group Co., Ltd.1.02%$0.0892.78%
603004.SSZhejiang Dragon Technology Co., Ltd.1.02%$0.2431.73%
603041.SSJiangsu Maysta Chemical Co., Ltd.1.02%$0.1270.45%
603239.SSZhejiang Xiantong Rubber&Plastic Co.,Ltd1.02%$0.2129.27%
603301.SSZhende Medical Co., Ltd.1.02%$0.7268.19%
8476.HKOcean One Holding Ltd.1.02%$0.0426.91%
9168.TRise Consulting Group, Inc.1.02%$8.6914.15%
9570.SRTam Development Co.1.02%$0.927.62%
GTXGarrett Motion Inc.1.02%$0.1811.04%
NAVNETEDUL.BONavneet Education Limited1.02%$1.5115.58%
002294.SZShenzhen Salubris Pharmaceuticals Co., Ltd.1.01%$0.5082.89%
002423.SZCOFCO Capital Holdings Co., Ltd.1.01%$0.1228.45%
002965.SZLucky Harvest Co., Ltd.1.01%$0.4143.96%
086900.KQMedy-Tox Inc.1.01%$1,238.7136.92%
300771.SZShenzhen Zhilai Sci and Tech Co., Ltd.1.01%$0.1649.28%
7733.TOlympus Corporation1.01%$19.9620.09%
ALPOU.PAPoulaillon S.A.1.01%$0.063.34%
ELG.DEElmos Semiconductor SE1.01%$1.0013.84%
IIA.VIImmofinanz AG1.01%$0.1717.54%
000922.SZHarbin Electric Corporation Jiamusi Electric Machine CO.,Ltd1.00%$0.1438.72%
002611.SZGuangdong Dongfang Precision Science & Technology Co., Ltd.1.00%$0.1933.91%
003001.SZZhongyan Technology Co., Ltd.1.00%$0.2071.99%
064760.KQTokai Carbon Korea Co., Ltd.1.00%$1,458.9923.09%
0ROY.LDavide Campari-Milano N.V.1.00%$0.1229.93%
1696.HKSisram Medical Ltd1.00%$0.0445.32%
300662.SZBeijing Career International Co., Ltd.1.00%$0.2517.33%
603950.SSXiangyang Changyuandonggu Industry Co., Ltd.1.00%$0.2926.83%
688087.SSShandong Intco Recycling Resources Co., Ltd.1.00%$0.3116.87%
9546.SRNaba Alsaha Medical Services Company1.00%$0.508.66%
BELL.JKPT Trisula Textile Industries Tbk1.00%$0.6981.83%
EPEN.STEpendion AB1.00%$1.1226.30%
IATR.ATAthens Medical C.S.A.1.00%$0.0258.56%
002801.SZHangzhou Weiguang Electronic Co.,Ltd.0.99%$0.3528.52%
003090.KSDaewoong Co., Ltd.0.99%$211.1210.55%