Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Markel Corporation (0JYM.L)

Company Dividend Discount ModelIndustry: Insurance - Property & CasualtySector: Financial Services

Valuation Snapshot

Stable Growth$4,194.93 - $12,744.55$6,674.88
Multi-Stage$2,698.17 - $2,952.73$2,823.12
Blended Fair Value$4,749.00
Current Price$1,911.36
Upside148.46%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
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)2,079.38
(-) Cash Dividends Paid (M)18.00
(=) Cash Retained (M)2,061.38
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)415.88259.92155.95
Cash Retained (M)2,061.382,061.382,061.38
(-) Cash Required (M)-415.88-259.92-155.95
(=) Excess Retained (M)1,645.501,801.451,905.42
(/) Shares Outstanding (M)12.8112.8112.81
(=) Excess Retained per Share128.49140.67148.79
LTM Dividend per Share1.411.411.41
(+) Excess Retained per Share128.49140.67148.79
(=) Adjusted Dividend129.90142.08150.20
WACC / Discount Rate8.77%8.77%8.77%
Growth Rate5.50%6.50%7.50%
Fair Value$4,194.93$6,674.88$12,744.55
Upside / Downside119.47%249.22%566.78%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)2,079.382,214.542,358.482,511.782,675.052,848.932,934.39
Payout Ratio0.87%18.69%36.52%54.35%72.17%90.00%92.50%
Projected Dividends (M)18.00413.95861.301,365.061,930.672,564.032,714.31

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.77%8.77%8.77%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)377.01380.59384.16
Year 2 PV (M)714.44728.05741.79
Year 3 PV (M)1,031.261,060.871,091.03
Year 4 PV (M)1,328.411,379.491,432.04
Year 5 PV (M)1,606.771,684.381,764.96
PV of Terminal Value (M)29,494.9330,919.5432,398.68
Equity Value (M)34,552.8336,152.9237,812.66
Shares Outstanding (M)12.8112.8112.81
Fair Value$2,698.17$2,823.12$2,952.73
Upside / Downside41.17%47.70%54.48%

High-Yield Dividend Screener

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