Are There Any Deals Among The Dividend Contenders?

I have been evaluating many dividend stocks using four valuation methods to derive the fair value of some common dividend growth stocks and the dividend champions. I have received a great deal of appreciation from readers for this work. The articles are available here and here. This article continues my evaluation of David Fish's Dividend Champion, Challenger and Contender list (available here) by breaking the challengers into two articles. At present, there are 247 challengers which is a little much to discuss in one article. This article will cover the first 124 challengers. For those of you who are new to this series, the valuation methods are described below.
THE VALUATION METHODS
DISCOUNTED CASH FLOW VALUATION
Discounted cash flow [DCF] is the most commonly known valuation tool. The DCF is a valuation method 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. According to the theory, any stock price below the Graham number is considered undervalued, and thus worth... Read more