Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

GATX Corporation SR NT 2066 (GMTA)

Company Dividend Discount ModelIndustry: Sector:

Valuation Snapshot

Stable Growth$93.51 - $151.88$119.70
Multi-Stage$272.34 - $300.50$286.14
Blended Fair Value$202.92
Current Price$25.03
Upside710.70%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024
DPS0.00%0.00%2.362.252.142.071.980.000.000.000.000.00
YoY Growth--5.21%5.22%3.10%4.65%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--9.44%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)312.80
(-) Cash Dividends Paid (M)66.60
(=) Cash Retained (M)246.20
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)62.5639.1023.46
Cash Retained (M)246.20246.20246.20
(-) Cash Required (M)-62.56-39.10-23.46
(=) Excess Retained (M)183.64207.10222.74
(/) Shares Outstanding (M)35.8835.8835.88
(=) Excess Retained per Share5.125.776.21
LTM Dividend per Share1.861.861.86
(+) Excess Retained per Share5.125.776.21
(=) Adjusted Dividend6.987.638.07
WACC / Discount Rate5.31%5.31%5.31%
Growth Rate-2.00%-1.00%0.00%
Fair Value$93.51$119.70$151.88
Upside / Downside273.60%378.21%506.81%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)312.80309.67306.58303.51300.47297.47306.39
Payout Ratio21.29%35.03%48.77%62.52%76.26%90.00%92.50%
Projected Dividends (M)66.60108.49149.53189.74229.14267.72283.41

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate5.31%5.31%5.31%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)101.98103.02104.06
Year 2 PV (M)132.12134.83137.57
Year 3 PV (M)157.59162.46167.44
Year 4 PV (M)178.89186.30193.94
Year 5 PV (M)196.47206.70217.35
PV of Terminal Value (M)9,003.109,471.919,960.05
Equity Value (M)9,770.1410,265.2210,780.41
Shares Outstanding (M)35.8835.8835.88
Fair Value$272.34$286.14$300.50
Upside / Downside988.05%1,043.18%1,100.56%

High-Yield Dividend Screener

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