Looks like there`s been an error while trying to load this page.
Our team has been notified but please contact us using the email support widget if the problem persists.
| Metrics | Range | Conclusion |
|---|---|---|
| Perpetuity Growth Rate | 4.8% - 5.3% | 5.0% |
| Discount Rate | 10.1% - 9.1% | 9.6% |
| Fair Value | $47.59 - $65.04 | $54.90 |
| Upside | 67.3% - 128.6% | 93.0% |
| Project Adjusted Dividends | ||||||||
| Fiscal Year Ending | ||||||||
| (USD in millions) | Dec-24 | Dec-25 | Dec-26 | Dec-27 | Dec-28 | Dec-29 | Terminal | |
| Net Income to Common | 49 | 55 | 58 | 61 | 62 | 63 | 63 | |
| % Growth | -16.7% | 12.0% | 6.6% | 3.9% | 1.8% | 2.1% | ||
| Payout Ratio | 56.1% | 63.0% | 70.0% | 77.0% | 84.0% | 90.0% | 92.5% | |
| Projected Dividends | 27 | 34 | 41 | 47 | 52 | 57 | 58 | |
| % Growth | 25.7% | 18.5% | 14.3% | 11.0% | 9.4% | |||
| Historical Performance | ||||||||
| Fiscal Year Ending | YTD | YTD | ||||||
| (USD in millions) | Dec-20 | Dec-21 | Dec-22 | Dec-23 | Dec-24 | Dec-23 | Dec-24 | |
| Cash Dividends Paid | 26 | 26 | 27 | 27 | 27 | 27 | 27 | |
| % Growth | 0% | 3% | 1% | 0% | 0% | |||
| Net Income to Common | 52 | 62 | 75 | 59 | 49 | 59 | 49 | |
| % Growth | 17% | 22% | -22% | -17% | -17% | |||
| Payout Ratio | 50% | 43% | 36% | 47% | 56% | 47% | 56% | |
| Retention Ratio | 50% | 57% | 64% | 53% | 44% | 53% | 44% | |
| Adjusted EBITDA | NA | NA | NA | NA | NA | NA | NA | |
| % Growth | NA | NA | NA | NA | NA | |||
| Total Debt | 268 | 297 | 172 | 133 | 125 | 133 | 125 | |
| Shareholder's Equity | 568 | 601 | 600 | 645 | 676 | 645 | 676 | |
| Debt / EBITDA | NM | NM | NM | NM | NM | NM | ||
| Debt / Equity | 47% | 49% | 29% | 21% | 18% | 21% | 18% | |
| 3-Yr Avg. Dividend Growth | 1.4% | |||||||
| 5-Yr Median Payout Ratio | 46.7% | |||||||