Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Odfjell SE (O7F1.F)

Company Dividend Discount ModelIndustry: Marine ShippingSector: Industrials

Valuation Snapshot

Stable Growth$21.67 - $30.81$26.17
Multi-Stage$35.65 - $38.99$37.29
Blended Fair Value$31.73
Current Price$10.81
Upside193.51%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021
DPS0.00%0.00%2.171.630.440.000.000.000.000.000.000.00
YoY Growth--33.27%268.18%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--24.97%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)192.81
(-) Cash Dividends Paid (M)140.80
(=) Cash Retained (M)52.01
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)38.5624.1014.46
Cash Retained (M)52.0152.0152.01
(-) Cash Required (M)-38.56-24.10-14.46
(=) Excess Retained (M)13.4527.9137.55
(/) Shares Outstanding (M)59.3059.3059.30
(=) Excess Retained per Share0.230.470.63
LTM Dividend per Share2.372.372.37
(+) Excess Retained per Share0.230.470.63
(=) Adjusted Dividend2.602.853.01
WACC / Discount Rate9.76%9.76%9.76%
Growth Rate-2.00%-1.00%0.00%
Fair Value$21.67$26.17$30.81
Upside / Downside100.47%142.08%184.97%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)192.81190.88188.98187.09185.22183.36188.86
Payout Ratio73.02%76.42%79.81%83.21%86.60%90.00%92.50%
Projected Dividends (M)140.80145.87150.83155.67160.41165.03174.70

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.76%9.76%9.76%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)131.56132.90134.24
Year 2 PV (M)122.68125.19127.73
Year 3 PV (M)114.19117.72121.32
Year 4 PV (M)106.11110.51115.04
Year 5 PV (M)98.45103.58108.92
PV of Terminal Value (M)1,541.031,621.271,704.83
Equity Value (M)2,114.012,211.172,312.08
Shares Outstanding (M)59.3059.3059.30
Fair Value$35.65$37.29$38.99
Upside / Downside229.78%244.94%260.68%

High-Yield Dividend Screener

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