Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

The Clorox Company (0I0J.L)

Company Dividend Discount ModelIndustry: Household & Personal ProductsSector: Consumer Defensive

Valuation Snapshot

Stable Growth$127.19 - $297.88$186.89
Multi-Stage$397.90 - $438.17$417.64
Blended Fair Value$302.27
Current Price$123.30
Upside145.15%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS2.46%4.57%4.864.804.714.614.504.303.963.633.333.21
YoY Growth--1.18%2.06%2.10%2.33%4.69%8.78%8.89%9.22%3.52%3.38%
Dividend Yield--3.94%2.95%3.59%3.59%2.72%2.05%2.60%2.41%2.52%2.57%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)791.00
(-) Cash Dividends Paid (M)602.00
(=) Cash Retained (M)189.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)158.2098.8859.33
Cash Retained (M)189.00189.00189.00
(-) Cash Required (M)-158.20-98.88-59.33
(=) Excess Retained (M)30.8090.13129.68
(/) Shares Outstanding (M)123.87123.87123.87
(=) Excess Retained per Share0.250.731.05
LTM Dividend per Share4.864.864.86
(+) Excess Retained per Share0.250.731.05
(=) Adjusted Dividend5.115.595.91
WACC / Discount Rate4.34%4.34%4.34%
Growth Rate0.31%1.31%2.31%
Fair Value$127.19$186.89$297.88
Upside / Downside3.16%51.58%141.59%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)791.00801.34811.82822.43833.18844.08869.40
Payout Ratio76.11%78.88%81.66%84.44%87.22%90.00%92.50%
Projected Dividends (M)602.00632.14662.96694.48726.71759.67804.19

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate4.34%4.34%4.34%
Growth Rate0.31%1.31%2.31%
Year 1 PV (M)599.89605.87611.85
Year 2 PV (M)597.04609.00621.08
Year 3 PV (M)593.52611.44629.73
Year 4 PV (M)589.38613.23637.81
Year 5 PV (M)584.67614.40645.33
PV of Terminal Value (M)46,324.8848,680.5351,131.05
Equity Value (M)49,289.3751,734.4854,276.85
Shares Outstanding (M)123.87123.87123.87
Fair Value$397.90$417.64$438.17
Upside / Downside222.71%238.72%255.37%

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