Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

HomeTrust Bancshares, Inc. (HTB)

Company Dividend Discount ModelIndustry: Banks - RegionalSector: Financial Services

Valuation Snapshot

Stable Growth$103.46 - $370.67$171.92
Multi-Stage$65.03 - $71.13$68.03
Blended Fair Value$119.98
Current Price$40.94
Upside193.05%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320232022202120202019201820172016
DPS10.98%0.00%0.450.210.360.320.290.270.190.000.000.00
YoY Growth--116.10%-43.06%14.25%8.65%10.24%43.32%0.00%0.00%0.00%0.00%
Dividend Yield--1.31%0.79%1.68%1.44%1.05%1.96%0.71%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)62.45
(-) Cash Dividends Paid (M)7.85
(=) Cash Retained (M)54.60
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)12.497.814.68
Cash Retained (M)54.6054.6054.60
(-) Cash Required (M)-12.49-7.81-4.68
(=) Excess Retained (M)42.1146.7949.92
(/) Shares Outstanding (M)17.1017.1017.10
(=) Excess Retained per Share2.462.742.92
LTM Dividend per Share0.460.460.46
(+) Excess Retained per Share2.462.742.92
(=) Adjusted Dividend2.923.203.38
WACC / Discount Rate8.48%8.48%8.48%
Growth Rate5.50%6.50%7.50%
Fair Value$103.46$171.92$370.67
Upside / Downside152.71%319.94%805.40%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)62.4566.5170.8375.4380.3485.5688.13
Payout Ratio12.57%28.06%43.54%59.03%74.51%90.00%92.50%
Projected Dividends (M)7.8518.6630.8444.5359.8677.0081.52

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.48%8.48%8.48%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)17.0417.2017.36
Year 2 PV (M)25.7226.2126.70
Year 3 PV (M)33.9134.8835.87
Year 4 PV (M)41.6343.2344.87
Year 5 PV (M)48.9051.2653.71
PV of Terminal Value (M)944.58990.201,037.57
Equity Value (M)1,111.771,162.981,216.09
Shares Outstanding (M)17.1017.1017.10
Fair Value$65.03$68.03$71.13
Upside / Downside58.84%66.16%73.75%

High-Yield Dividend Screener

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