Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Veer Global Infraconstruction (VGIL.BO)

Company Dividend Discount ModelIndustry: Real Estate - DevelopmentSector: Real Estate

Valuation Snapshot

Stable Growth$12.91 - $19.14$15.89
Multi-Stage$23.15 - $25.50$24.30
Blended Fair Value$20.09
Current Price$128.40
Upside-84.35%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR20252024202320222021202020192018
DPS0.00%0.00%0.000.000.090.040.080.150.000.050.000.00
YoY Growth--0.00%-100.00%124.92%-49.96%-47.28%0.00%-100.00%0.00%0.00%0.00%
Dividend Yield--0.00%0.00%0.13%0.04%0.53%0.55%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)25.81
(-) Cash Dividends Paid (M)1.46
(=) Cash Retained (M)24.35
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)5.163.231.94
Cash Retained (M)24.3524.3524.35
(-) Cash Required (M)-5.16-3.23-1.94
(=) Excess Retained (M)19.1921.1222.41
(/) Shares Outstanding (M)16.0016.0016.00
(=) Excess Retained per Share1.201.321.40
LTM Dividend per Share0.090.090.09
(+) Excess Retained per Share1.201.321.40
(=) Adjusted Dividend1.291.411.49
WACC / Discount Rate7.79%7.79%7.79%
Growth Rate-2.00%-1.00%0.00%
Fair Value$12.91$15.89$19.14
Upside / Downside-89.95%-87.63%-85.09%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)25.8125.5525.3025.0424.7924.5425.28
Payout Ratio5.66%22.53%39.40%56.27%73.13%90.00%92.50%
Projected Dividends (M)1.465.769.9714.0918.1322.0923.38

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.79%7.79%7.79%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)5.295.345.39
Year 2 PV (M)8.408.588.75
Year 3 PV (M)10.9111.2511.59
Year 4 PV (M)12.8913.4313.98
Year 5 PV (M)14.4315.1815.96
PV of Terminal Value (M)318.51335.09352.36
Equity Value (M)370.43388.87408.04
Shares Outstanding (M)16.0016.0016.00
Fair Value$23.15$24.30$25.50
Upside / Downside-81.97%-81.07%-80.14%

High-Yield Dividend Screener

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