Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Virbac S.A. (VIRP.PA)

Company Dividend Discount ModelIndustry: Drug Manufacturers - GeneralSector: Healthcare

Valuation Snapshot

Stable Growth$2,206.13 - $6,409.64$6,006.03
Multi-Stage$1,348.48 - $1,480.43$1,413.21
Blended Fair Value$3,709.62
Current Price$319.50
Upside1,061.07%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%-3.64%1.321.331.260.760.000.000.000.000.001.91
YoY Growth---0.99%5.60%66.69%0.00%0.00%0.00%0.00%0.00%-100.00%0.01%
Dividend Yield--0.42%0.38%0.55%0.18%0.00%0.00%0.00%0.00%0.00%0.87%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)273.96
(-) Cash Dividends Paid (M)23.20
(=) Cash Retained (M)250.76
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)54.7934.2520.55
Cash Retained (M)250.76250.76250.76
(-) Cash Required (M)-54.79-34.25-20.55
(=) Excess Retained (M)195.97216.51230.21
(/) Shares Outstanding (M)8.398.398.39
(=) Excess Retained per Share23.3625.8127.44
LTM Dividend per Share2.772.772.77
(+) Excess Retained per Share23.3625.8127.44
(=) Adjusted Dividend26.1228.5730.21
WACC / Discount Rate5.33%5.33%5.33%
Growth Rate4.10%5.10%6.10%
Fair Value$2,206.13$6,006.03$6,409.64
Upside / Downside590.50%1,779.82%1,906.15%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)273.96287.93302.60318.03334.24351.28361.82
Payout Ratio8.47%24.78%41.08%57.39%73.69%90.00%92.50%
Projected Dividends (M)23.2071.33124.31182.51246.32316.16334.69

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate5.33%5.33%5.33%
Growth Rate4.10%5.10%6.10%
Year 1 PV (M)67.0867.7268.37
Year 2 PV (M)109.93112.05114.19
Year 3 PV (M)151.76156.18160.68
Year 4 PV (M)192.61200.11207.84
Year 5 PV (M)232.47243.85255.68
PV of Terminal Value (M)10,559.1111,076.1211,613.19
Equity Value (M)11,312.9611,856.0412,419.95
Shares Outstanding (M)8.398.398.39
Fair Value$1,348.48$1,413.21$1,480.43
Upside / Downside322.06%342.32%363.36%

High-Yield Dividend Screener

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