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Eurofins Scientific SE (ESF.VI)

Company Dividend Discount ModelIndustry: Medical - Diagnostics & ResearchSector: Healthcare

Valuation Snapshot

Stable Growth$139.90 - $624.61$327.12
Multi-Stage$74.01 - $80.85$77.37
Blended Fair Value$202.24
Current Price$60.68
Upside233.30%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS13.30%17.97%0.490.990.990.670.000.260.220.180.120.11
YoY Growth---50.18%-0.10%48.11%43,133.33%-99.41%20.91%21.29%55.50%9.98%11.47%
Dividend Yield--1.00%1.67%1.44%0.60%0.00%0.40%0.33%0.27%0.18%0.16%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)608.60
(-) Cash Dividends Paid (M)378.70
(=) Cash Retained (M)229.90
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)121.7276.0845.65
Cash Retained (M)229.90229.90229.90
(-) Cash Required (M)-121.72-76.08-45.65
(=) Excess Retained (M)108.18153.83184.26
(/) Shares Outstanding (M)193.78193.78193.78
(=) Excess Retained per Share0.560.790.95
LTM Dividend per Share1.951.951.95
(+) Excess Retained per Share0.560.790.95
(=) Adjusted Dividend2.512.752.91
WACC / Discount Rate7.39%7.39%7.39%
Growth Rate5.50%6.50%7.50%
Fair Value$139.90$327.12$624.61
Upside / Downside130.56%439.09%929.34%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)608.60648.16690.29735.16782.94833.83858.85
Payout Ratio62.22%67.78%73.33%78.89%84.44%90.00%92.50%
Projected Dividends (M)378.70439.32506.22579.97661.16750.45794.44

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.39%7.39%7.39%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)405.23409.07412.91
Year 2 PV (M)430.71438.91447.19
Year 3 PV (M)455.16468.22481.54
Year 4 PV (M)478.61497.02515.95
Year 5 PV (M)501.10525.30550.43
PV of Terminal Value (M)12,070.6412,653.6513,258.98
Equity Value (M)14,341.4414,992.1815,667.01
Shares Outstanding (M)193.78193.78193.78
Fair Value$74.01$77.37$80.85
Upside / Downside21.97%27.50%33.24%

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