Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Trisul S.A. (TRIS3.SA)

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

Valuation Snapshot

Stable Growth$38.12 - $184.06$67.66
Multi-Stage$23.07 - $25.22$24.13
Blended Fair Value$45.89
Current Price$7.34
Upside525.27%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS12.47%13.67%0.200.140.220.250.220.110.070.050.050.06
YoY Growth--44.09%-37.47%-11.19%12.49%100.00%63.27%28.95%0.00%-5.00%0.00%
Dividend Yield--3.23%2.47%7.32%5.19%2.28%1.55%1.44%1.81%4.00%3.76%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)213.26
(-) Cash Dividends Paid (M)54.00
(=) Cash Retained (M)159.26
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)42.6526.6615.99
Cash Retained (M)159.26159.26159.26
(-) Cash Required (M)-42.65-26.66-15.99
(=) Excess Retained (M)116.61132.60143.27
(/) Shares Outstanding (M)178.50178.50178.50
(=) Excess Retained per Share0.650.740.80
LTM Dividend per Share0.300.300.30
(+) Excess Retained per Share0.650.740.80
(=) Adjusted Dividend0.961.051.11
WACC / Discount Rate8.15%8.15%8.15%
Growth Rate5.50%6.50%7.50%
Fair Value$38.12$67.66$184.06
Upside / Downside419.31%821.83%2,407.56%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)213.26227.12241.88257.61274.35292.18300.95
Payout Ratio25.32%38.26%51.19%64.13%77.06%90.00%92.50%
Projected Dividends (M)54.0086.89123.83165.20211.43262.97278.38

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.15%8.15%8.15%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)79.5980.3581.10
Year 2 PV (M)103.90105.88107.87
Year 3 PV (M)126.97130.61134.33
Year 4 PV (M)148.85154.57160.46
Year 5 PV (M)169.58177.77186.27
PV of Terminal Value (M)3,488.853,657.373,832.33
Equity Value (M)4,117.744,306.544,502.36
Shares Outstanding (M)178.50178.50178.50
Fair Value$23.07$24.13$25.22
Upside / Downside214.29%228.70%243.65%

High-Yield Dividend Screener

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