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Profire Energy, Inc. (PFIE)

Company Dividend Discount ModelIndustry: Oil & Gas Equipment & ServicesSector: Energy

Valuation Snapshot

Stable Growth$2.51 - $4.40$3.31
Multi-Stage$2.59 - $2.84$2.71
Blended Fair Value$3.01
Current Price$1.68
Upside79.37%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2023202220212020201920182017201620162015
DPS0.00%0.00%0.000.000.000.000.000.000.000.000.000.00
YoY Growth--0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)8.97
(-) Cash Dividends Paid (M)0.18
(=) Cash Retained (M)8.79
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1.791.120.67
Cash Retained (M)8.798.798.79
(-) Cash Required (M)-1.79-1.12-0.67
(=) Excess Retained (M)7.007.678.12
(/) Shares Outstanding (M)48.2948.2948.29
(=) Excess Retained per Share0.140.160.17
LTM Dividend per Share0.000.000.00
(+) Excess Retained per Share0.140.160.17
(=) Adjusted Dividend0.150.160.17
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate3.00%4.00%5.00%
Fair Value$2.51$3.31$4.40
Upside / Downside49.34%97.26%161.86%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)8.979.339.7010.0910.4910.9111.24
Payout Ratio1.99%19.59%37.19%54.79%72.40%90.00%92.50%
Projected Dividends (M)0.181.833.615.537.609.8210.40

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate3.00%4.00%5.00%
Year 1 PV (M)1.661.681.69
Year 2 PV (M)2.973.033.09
Year 3 PV (M)4.144.264.38
Year 4 PV (M)5.165.365.57
Year 5 PV (M)6.056.356.67
PV of Terminal Value (M)105.11110.32115.72
Equity Value (M)125.10131.00137.13
Shares Outstanding (M)48.2948.2948.29
Fair Value$2.59$2.71$2.84
Upside / Downside54.21%61.48%69.03%

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