Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

Nolato AB (publ) (NOLA-B.ST)

Company Dividend Discount ModelIndustry: ConglomeratesSector: Industrials

Valuation Snapshot

Stable Growth$55.86 - $123.59$80.50
Multi-Stage$77.52 - $85.04$81.21
Blended Fair Value$80.85
Current Price$58.90
Upside37.27%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS1.88%6.76%1.501.901.901.590.001.371.221.020.980.83
YoY Growth---21.09%0.00%19.63%0.00%-100.00%11.85%19.20%4.94%17.41%6.67%
Dividend Yield--2.63%3.63%3.62%2.27%0.00%3.04%3.02%1.68%3.66%3.66%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)789.00
(-) Cash Dividends Paid (M)404.00
(=) Cash Retained (M)385.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)157.8098.6359.18
Cash Retained (M)385.00385.00385.00
(-) Cash Required (M)-157.80-98.63-59.18
(=) Excess Retained (M)227.20286.38325.83
(/) Shares Outstanding (M)269.38269.38269.38
(=) Excess Retained per Share0.841.061.21
LTM Dividend per Share1.501.501.50
(+) Excess Retained per Share0.841.061.21
(=) Adjusted Dividend2.342.562.71
WACC / Discount Rate6.34%6.34%6.34%
Growth Rate2.06%3.06%4.06%
Fair Value$55.86$80.50$123.59
Upside / Downside-5.16%36.67%109.83%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)789.00813.17838.08863.75890.21917.48945.00
Payout Ratio51.20%58.96%66.72%74.48%82.24%90.00%92.50%
Projected Dividends (M)404.00479.47559.19643.34732.12825.73874.13

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.34%6.34%6.34%
Growth Rate2.06%3.06%4.06%
Year 1 PV (M)446.49450.87455.24
Year 2 PV (M)484.91494.45504.10
Year 3 PV (M)519.50534.92550.65
Year 4 PV (M)550.53572.43594.97
Year 5 PV (M)578.22607.10637.13
PV of Terminal Value (M)18,302.0519,216.4020,166.93
Equity Value (M)20,881.7021,876.1722,909.01
Shares Outstanding (M)269.38269.38269.38
Fair Value$77.52$81.21$85.04
Upside / Downside31.61%37.88%44.39%

High-Yield Dividend Screener

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