Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

Campine N.V. (CAMB.BR)

Company Dividend Discount ModelIndustry: Waste ManagementSector: Industrials

Valuation Snapshot

Stable Growth$3,032.55 - $8,322.12$7,799.05
Multi-Stage$1,153.29 - $1,262.98$1,207.12
Blended Fair Value$4,503.09
Current Price$266.00
Upside1,592.89%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS18.86%0.00%3.062.562.860.711.811.290.601.000.190.00
YoY Growth--19.53%-10.49%302.82%-60.77%40.31%116.20%-40.33%426.32%0.00%0.00%
Dividend Yield--2.53%3.56%6.24%1.86%7.54%4.45%2.21%4.40%1.47%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)62.77
(-) Cash Dividends Paid (M)11.45
(=) Cash Retained (M)51.32
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)12.557.854.71
Cash Retained (M)51.3251.3251.32
(-) Cash Required (M)-12.55-7.85-4.71
(=) Excess Retained (M)38.7743.4846.62
(/) Shares Outstanding (M)1.501.501.50
(=) Excess Retained per Share25.8528.9931.08
LTM Dividend per Share7.637.637.63
(+) Excess Retained per Share25.8528.9931.08
(=) Adjusted Dividend33.4836.6238.71
WACC / Discount Rate6.66%6.66%6.66%
Growth Rate5.50%6.50%7.50%
Fair Value$3,032.55$7,799.05$8,322.12
Upside / Downside1,040.06%2,831.97%3,028.62%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)62.7766.8571.1975.8280.7586.0088.58
Payout Ratio18.23%32.59%46.94%61.29%75.65%90.00%92.50%
Projected Dividends (M)11.4521.7833.4246.4761.0877.4081.94

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.66%6.66%6.66%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)20.2320.4220.61
Year 2 PV (M)28.8229.3729.93
Year 3 PV (M)37.2338.3039.38
Year 4 PV (M)45.4447.1948.99
Year 5 PV (M)53.4756.0658.74
PV of Terminal Value (M)1,544.731,619.351,696.81
Equity Value (M)1,729.931,810.681,894.47
Shares Outstanding (M)1.501.501.50
Fair Value$1,153.29$1,207.12$1,262.98
Upside / Downside333.57%353.81%374.80%

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