Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Renold PLC (32ID.L)

Company Dividend Discount ModelIndustry: Industrial - MachinerySector: Industrials

Valuation Snapshot

Stable Growth$1.79 - $3.18$2.38
Multi-Stage$2.65 - $2.92$2.78
Blended Fair Value$2.58
Current Price$1.07
Upside141.14%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
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--0.40%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)30.60
(-) Cash Dividends Paid (M)1.00
(=) Cash Retained (M)29.60
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)6.123.832.30
Cash Retained (M)29.6029.6029.60
(-) Cash Required (M)-6.12-3.83-2.30
(=) Excess Retained (M)23.4825.7827.31
(/) Shares Outstanding (M)231.55231.55231.55
(=) Excess Retained per Share0.100.110.12
LTM Dividend per Share0.000.000.00
(+) Excess Retained per Share0.100.110.12
(=) Adjusted Dividend0.110.120.12
WACC / Discount Rate7.02%7.02%7.02%
Growth Rate1.06%2.06%3.06%
Fair Value$1.79$2.38$3.18
Upside / Downside67.53%122.35%197.29%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)30.6031.2331.8732.5333.1933.8834.89
Payout Ratio3.27%20.61%37.96%55.31%72.65%90.00%92.50%
Projected Dividends (M)1.006.4412.1017.9924.1230.4932.28

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.02%7.02%7.02%
Growth Rate1.06%2.06%3.06%
Year 1 PV (M)5.966.026.07
Year 2 PV (M)10.3610.5610.77
Year 3 PV (M)14.2514.6815.11
Year 4 PV (M)17.6818.3919.12
Year 5 PV (M)20.6821.7222.81
PV of Terminal Value (M)545.14572.65601.26
Equity Value (M)614.06644.02675.15
Shares Outstanding (M)231.55231.55231.55
Fair Value$2.65$2.78$2.92
Upside / Downside147.85%159.94%172.51%

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