Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

EPC Groupe (EXPL.PA)

Company Dividend Discount ModelIndustry: Chemicals - SpecialtySector: Basic Materials

Valuation Snapshot

Stable Growth$3,689.29 - $4,346.78$4,073.49
Multi-Stage$929.94 - $1,019.99$974.13
Blended Fair Value$2,523.81
Current Price$199.00
Upside1,168.25%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS1.29%15.02%1.010.040.000.000.000.941.051.050.700.45
YoY Growth--2,298.86%0.00%0.00%0.00%-100.00%-9.63%-0.36%50.72%56.38%79.08%
Dividend Yield--0.54%0.04%0.00%0.00%0.00%1.25%1.24%1.15%1.02%0.81%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)45.92
(-) Cash Dividends Paid (M)2.20
(=) Cash Retained (M)43.72
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)9.185.743.44
Cash Retained (M)43.7243.7243.72
(-) Cash Required (M)-9.18-5.74-3.44
(=) Excess Retained (M)34.5437.9840.28
(/) Shares Outstanding (M)2.102.102.10
(=) Excess Retained per Share16.4718.1219.21
LTM Dividend per Share1.051.051.05
(+) Excess Retained per Share16.4718.1219.21
(=) Adjusted Dividend17.5219.1720.26
WACC / Discount Rate5.39%5.39%5.39%
Growth Rate5.27%6.27%7.27%
Fair Value$3,689.29$4,073.49$4,346.78
Upside / Downside1,753.92%1,946.98%2,084.31%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)45.9248.8051.8655.1158.5762.2464.11
Payout Ratio4.79%21.83%38.87%55.92%72.96%90.00%92.50%
Projected Dividends (M)2.2010.6520.1630.8242.7356.0259.30

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate5.39%5.39%5.39%
Growth Rate5.27%6.27%7.27%
Year 1 PV (M)10.0110.1110.20
Year 2 PV (M)17.8118.1518.49
Year 3 PV (M)25.5926.3327.08
Year 4 PV (M)33.3534.6435.96
Year 5 PV (M)41.1043.0945.16
PV of Terminal Value (M)1,821.671,909.862,001.42
Equity Value (M)1,949.552,042.172,138.31
Shares Outstanding (M)2.102.102.10
Fair Value$929.94$974.13$1,019.99
Upside / Downside367.31%389.51%412.56%

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