This article originally appeared on The DIV-Net June 8, 2009.
Linked here is a detailed quantitative analysis of Sysco Corp. (NYSE:SYY). Below are some highlights from the above linked analysis:
Company Description: SYSCO Corporation, through its subsidiaries, engages in the marketing and distribution of a range of food and related products primarily for food service industry in the United States and Canada.
Fair Value: I consider four calculations of fair value, see page 2 of the linked PDF for a detailed description:
- Avg. High Yield Price
- 20-Year DCF Price
- Avg. P/E Price
- Graham Number
SYY is trading at a discount to 1.) and 3.) above. If I exclude the high and low valuations and average the remaining two, SYY is trading at a 13.1% discount. SYY earned a Star in this section since it is trading at a fair value.
Dividend Analytical Data: In this section I consider five factors, see page 2 of the linked PDF for a detailed description:
- Rolling 4-yr Div. > 15%
- Dividend Growth Rate
- Years of Div. Growth
- 1-Yr. > 5-Yr Growth
- Payout 15% of avg.
SYY earned one Star in this section for 3.) above. SYY has paid a cash dividend to shareholders every year since 1970 and has increased its dividend payments for 38 consecutive years.
Dividend Income vs.
