Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

MAHLE Metal Leve S.A. (LEVE3.SA)

Company Dividend Discount ModelIndustry: Auto - PartsSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$83.87 - $184.48$120.60
Multi-Stage$67.20 - $73.36$70.22
Blended Fair Value$95.41
Current Price$27.31
Upside249.36%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS2.88%2.26%2.356.892.810.620.112.041.700.550.641.60
YoY Growth---65.91%144.80%357.46%474.60%-94.75%20.12%206.17%-13.17%-60.04%-14.99%
Dividend Yield--8.27%20.31%9.36%2.43%0.47%11.79%7.06%2.29%2.98%6.88%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)583.27
(-) Cash Dividends Paid (M)247.45
(=) Cash Retained (M)335.82
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)116.6572.9143.75
Cash Retained (M)335.82335.82335.82
(-) Cash Required (M)-116.65-72.91-43.75
(=) Excess Retained (M)219.17262.92292.08
(/) Shares Outstanding (M)135.54135.54135.54
(=) Excess Retained per Share1.621.942.15
LTM Dividend per Share1.831.831.83
(+) Excess Retained per Share1.621.942.15
(=) Adjusted Dividend3.443.773.98
WACC / Discount Rate9.23%9.23%9.23%
Growth Rate4.93%5.93%6.93%
Fair Value$83.87$120.60$184.48
Upside / Downside207.09%341.60%575.49%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)583.27617.84654.46693.25734.33777.85801.19
Payout Ratio42.42%51.94%61.45%70.97%80.48%90.00%92.50%
Projected Dividends (M)247.45320.90402.19491.99591.03700.07741.10

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.23%9.23%9.23%
Growth Rate4.93%5.93%6.93%
Year 1 PV (M)291.00293.78296.55
Year 2 PV (M)330.74337.07343.46
Year 3 PV (M)366.88377.47388.27
Year 4 PV (M)399.67415.12431.02
Year 5 PV (M)429.29450.14471.80
PV of Terminal Value (M)7,290.017,644.088,011.77
Equity Value (M)9,107.599,517.669,942.87
Shares Outstanding (M)135.54135.54135.54
Fair Value$67.20$70.22$73.36
Upside / Downside146.05%157.13%168.61%

High-Yield Dividend Screener

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