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Are There Any Deals Among The Dividend Challengers? Part III

Published Tue, 17 May 2016 13:52:22 -0400 on Seeking Alpha

INTRODUCTION
This is the second article where I use a four model valuation analysis to derive fair value estimates for the members of the dividend challengers from David Fish's Dividend Champion, Challenger and Contender list (available here). The previous articles of this series have covered:
Dividend champions (available here) Dividend contenders Part I (here) Part II (here) Dividend challengers Part I (here) Part II (here) Commonly held dividend stocks (available here) There are a total of 418 dividend challengers. The first and second articles covered the first 208 companies in alphabetical order by ticker symbol from the CCC list. This article covers the next 104 dividend challengers.
For those of you who are new to this series, the valuation models are described below.
THE VALUATION MODELS
DISCOUNTED CASH FLOW VALUATION
Discounted cash flow [DCF] is the most commonly known valuation tool. The DCF is a valuation model used to estimate the attractiveness of an investment opportunity. Discounted cash flow analysis uses future free cash flow projections and discounts them to arrive at a present value estimate, which is used to evaluate the potential for investment.
BENJAMIN GRAHAM VALUATION FORMULA
The Graham number measures a stock's fundamental value by taking into account the company's earnings per share and book value per share. The Graham number is the upper bound of the price range that a defensive investor should pay for the stock.... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
MARTIN MIDSTREAM PARTNERS 4.19   0.0 0.00 1.00 24.39
NGL ENERGY PARTNERS LP 12.93   5.0 2.57 1.56 12.04
MACQUARIE INFRASTRUCTURE 39.63   34.2 1.16 4.00 10.04
MAIDEN 0.55   0.0 -7.60 0.05 9.64
MACERICH 33.33   43.9 0.76 3.00 8.91
MACY'S 17.00   5.2 3.29 1.51 8.83
ONE LIBERTY PROPERTIES 27.98   31.1 0.90 1.80 6.61
PACWEST BANCORP 38.27   9.9 3.86 2.40 6.49
L BRANDS 19.01   9.2 2.06 1.20 6.47
L. BRANDS 19.01   9.2 2.06 1.20 6.47
PETMED EXPRESS 17.96   12.1 1.48 1.08 6.18
PHILIP MORRIS INTERNATIONAL 74.90   14.9 5.03 4.68 6.12
PATTERSON 18.40   14.6 1.26 1.04 5.79
MAIN STREET CAPITAL 43.18   16.8 2.57 2.46 5.69
POPE RESOURCES 71.00   0.0 0.00 4.00 5.59
KOHL'S 52.36   11.5 4.54 2.68 5.24
LAS VEGAS SANDS 60.15   24.1 2.50 3.08 5.22
NEWELL RUBBERMAID 18.48   0.0 -14.79 0.92 5.02
LYONDELLBASELL INDUSTRIES 83.78   8.8 9.53 4.20 4.94
LAZARD 38.83   12.7 3.06 1.88 4.90
LTC PROPERTIES 49.71   18.6 2.67 2.28 4.63
PRUDENTIAL FINANCIAL 88.22   9.0 9.82 4.00 4.61
NORTHWEST BANCSHARES 16.76   16.4 1.02 0.72 4.39
LEXINGTON REALTY TRUST 10.09   8.4 1.20 0.41 4.10
LEGG MASON 39.76   0.0 -0.66 1.60 4.03
OCEANEERING INTERNATIONAL 14.76   0.0 -1.93 0.00 3.95
METHANEX 35.71   8.3 4.30 1.44 3.93
MARATHON PETROLEUM 53.19   11.5 4.62 2.12 3.89
PRINCIPAL FINANCIAL GROUP 57.36   10.8 5.32 2.20 3.88
PFIZER 37.28   17.0 2.19 1.44 3.85
PROVIDENT FINANCIAL SERVICES 25.45   13.0 1.95 0.92 3.71
NORTHRIM BANCORP 40.50   15.1 2.68 1.32 3.45
OGE ENERGY 43.92   21.6 2.03 1.46 3.40
MERCANTILE BANK 33.22   12.1 2.74 1.08 3.34
PNC FINANCIAL SERVICES GROUP 137.17   12.4 11.06 4.60 3.34
PENSKE AUTOMOTIVE GROUP 47.69   9.0 5.30 1.60 3.28
LAKELAND BANCORP 15.85   12.0 1.32 0.50 3.27
MOVADO GROUP 25.08   9.0 2.80 0.80 3.24
PUBLIC STORAGE 249.58   29.8 8.38 8.00 3.20
MYERS INDUSTRIES 17.78   0.0 -0.16 0.54 3.18
OMNICOM GROUP 80.81   13.6 5.94 2.60 3.17
PROASSURANCE 40.32   43.8 0.92 1.24 3.17
PC-TEL 7.57   0.0 -0.60 0.22 3.09
PAYCHEX 81.69   28.6 2.86 2.48 3.07
PUBLIC SERVICE ENTERPRISE 61.45   21.3 2.88 1.88 3.07
PACKAGING CORP OF AMERICA 107.03   12.8 8.35 3.16 3.03
OLD NATIONAL BANCORP 17.77   13.7 1.30 0.52 3.01
MID-AMERICA APARTMENT COMMUNITIES 128.66   62.2 2.07 3.84 3.00
VAIL RESORTS 239.34   32.3 7.41 7.04 2.96
PROVIDENT FINANCIAL 20.89   36.0 0.58 0.56 2.75
NEENAH PAPER 67.11   22.8 2.95 1.80 2.74
LASALLE HOTEL PROPERTIES 32.06   0.0 -0.51 1.13 2.73
MAGNA INTERNATIONAL 54.06   6.9 7.80 1.46 2.73
MERCK & CO 83.31   23.3 3.57 2.20 2.69
DOUGLAS DYNAMICS 43.92   20.4 2.15 1.09 2.55
MANPOWER 85.31   10.7 7.96 2.18 2.51
LINCOLN NATIONAL 60.32   8.6 7.05 1.48 2.48
KENNAMETAL 32.70   11.3 2.90 0.80 2.39
LEGACYTEXAS FINANCIAL GROUP 43.21   13.2 3.27 1.00 2.36
PNM RESOURCES 50.74   0.0 -0.32 1.16 2.35
LEAR 126.05   9.1 13.84 3.00 2.32
MARLIN BUSINESS SERVICES 24.27   12.9 1.88 0.56 2.32
POLYONE 34.40   19.2 1.79 0.78 2.29
MILLER INDUSTRIES 33.99   10.0 3.41 0.72 2.22
LIFETIME BRANDS 9.29   0.0 -0.02 0.17 2.20
KLA-TENCOR 149.61   19.8 7.54 3.00 2.02
NASDAQ OMX GROUP 99.00   30.8 3.22 1.88 1.92
OXFORD INDUSTRIES 74.15   17.9 4.15 1.48 1.89
MARSH & MCLENNAN 99.68   34.5 2.89 1.82 1.86
MAINSOURCE FINANCIAL GROUP 37.77   19.5 1.94 0.72 1.82
PACCAR 71.19   10.5 6.79 1.28 1.78
ORACLE 53.89   17.6 3.07 0.96 1.73
LIMONEIRA CO 20.20   0.0 -0.38 0.30 1.58
MARRIOTT INTERNATIONAL 132.51   32.5 4.08 1.92 1.46
MOTOROLA SOLUTIONS 166.14   28.1 5.91 2.28 1.39
LENNOX INTERNATIONAL 233.05   25.8 9.05 3.08 1.27
INSPERITY 102.16   25.6 3.99 1.20 1.19
POOL 191.11   31.4 6.09 2.20 1.17
MCKESSON 146.10   49.0 2.98 1.64 1.15
PRIMERICA 122.50   15.2 8.04 1.36 1.12
LITTELFUSE 180.83   27.3 6.62 1.92 1.10
LEMAITRE VASCULAR 34.88   0.0 0.00 0.34 1.02
MOODY'S 212.98   33.1 6.43 2.00 0.95
QUAKER CHEMICAL 168.52   39.6 4.25 1.54 0.92
LITHIA MOTORS 132.78   11.6 11.43 1.20 0.88
MKS INSTRUMENTS 94.54   24.0 3.94 0.80 0.88
NATIONAL OILWELL VARCO 23.10   0.0 -14.28 0.20 0.84
MORNINGSTAR 156.13   38.5 4.06 1.12 0.71
MARKETAXESS 345.14   70.6 4.89 2.04 0.60
MASTERCARD 276.40   42.6 6.49 1.32 0.48
DOW CHEMICAL  
 
 
PACIFIC CONTINENTAL  
 

MARTIN MIDSTREAM PARTNERS - MMLP
MARTIN MIDSTREAM PARTNERS - MMLP  


Older articles featuring Martin Midstream Partners (MMLP):
Midstream/MLP Q2 2020 Dividends/Distributions Hold Steady
Dividends By The Numbers In July 2020
Q1 20 MLP/Midstream Dividend Recap: Putting Cuts In Context
Dividend Cuts At The Midpoint Of Q1 2020
2 Case Studies Highlight Why Free Cash Flow Is King When It Comes To Dividend Coverage
50 Dividend Dogs With 10%-Plus Yield At $1-$10 Prices For December
Your Dividend Booster Update: 46 Stocks For November And Beyond
Energy Infrastructure: Big Yields, Low Prices, And Double-Digit Total Returns
89 Over 10%Yield, Under $10 Priced Dividend Dogs Fall Fortunes
101 10%+ Dividend Yield Dogs Romp In October

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