Definitive Analysis
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Definitive Analysis

Financial Statements

Mode

Ticker

Industry

Sector

RIAS A/S (RIAS-B.CO)

Company Dividend Discount ModelIndustry: Construction MaterialsSector: Basic Materials

Valuation Snapshot

Stable Growth$1,486.05 - $2,707.95$1,993.03
Multi-Stage$1,410.54 - $1,536.29$1,472.29
Blended Fair Value$1,732.66
Current Price$625.00
Upside177.23%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS8.15%6.34%37.0050.0135.0025.0025.0025.0020.0020.0018.0020.00
YoY Growth---26.01%42.86%39.99%0.00%0.00%24.99%0.00%11.13%-10.02%0.00%
Dividend Yield--5.56%7.46%6.14%3.88%5.56%5.76%4.45%4.65%4.62%4.35%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)23.24
(-) Cash Dividends Paid (M)17.07
(=) Cash Retained (M)6.17
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)4.652.901.74
Cash Retained (M)6.176.176.17
(-) Cash Required (M)-4.65-2.90-1.74
(=) Excess Retained (M)1.533.274.43
(/) Shares Outstanding (M)0.230.230.23
(=) Excess Retained per Share6.6114.1719.21
LTM Dividend per Share74.0074.0074.00
(+) Excess Retained per Share6.6114.1719.21
(=) Adjusted Dividend80.6288.1793.21
WACC / Discount Rate10.00%10.00%10.00%
Growth Rate4.34%5.34%6.34%
Fair Value$1,486.05$1,993.03$2,707.95
Upside / Downside137.77%218.88%333.27%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)23.2424.4825.7927.1728.6230.1531.05
Payout Ratio73.44%76.75%80.06%83.37%86.69%90.00%92.50%
Projected Dividends (M)17.0718.7920.6522.6524.8127.1328.72

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate10.00%10.00%10.00%
Growth Rate4.34%5.34%6.34%
Year 1 PV (M)16.9217.0817.24
Year 2 PV (M)16.7417.0617.39
Year 3 PV (M)16.5417.0217.50
Year 4 PV (M)16.3116.9417.59
Year 5 PV (M)16.0616.8417.66
PV of Terminal Value (M)242.73254.58266.90
Equity Value (M)325.29339.53354.29
Shares Outstanding (M)0.230.230.23
Fair Value$1,410.54$1,472.29$1,536.29
Upside / Downside125.69%135.57%145.81%

High-Yield Dividend Screener

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