Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

Grupo Financiero Galicia S.A. (GGAL.BA)

Company Dividend Discount ModelIndustry: Banks - RegionalSector: Financial Services

Valuation Snapshot

Stable Growth$31,487.35 - $113,625.21$100,183.35
Multi-Stage$14,443.67 - $15,800.56$15,109.69
Blended Fair Value$57,646.52
Current Price$4,250.00
Upside1,256.39%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS197.01%163.17%383.57111.8241.307.293.731.661.010.540.090.06
YoY Growth--243.02%170.75%466.78%95.12%125.03%64.57%88.18%472.79%50.00%159.10%
Dividend Yield--5.36%4.03%9.43%3.58%3.39%2.90%0.94%0.41%0.16%0.15%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)915,980.90
(-) Cash Dividends Paid (M)343,593.32
(=) Cash Retained (M)572,387.58
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)183,196.18114,497.6168,698.57
Cash Retained (M)572,387.58572,387.58572,387.58
(-) Cash Required (M)-183,196.18-114,497.61-68,698.57
(=) Excess Retained (M)389,191.40457,889.97503,689.01
(/) Shares Outstanding (M)1,603.221,603.221,603.22
(=) Excess Retained per Share242.76285.61314.17
LTM Dividend per Share214.32214.32214.32
(+) Excess Retained per Share242.76285.61314.17
(=) Adjusted Dividend457.07499.92528.49
WACC / Discount Rate7.03%7.03%7.03%
Growth Rate5.50%6.50%7.50%
Fair Value$31,487.35$100,183.35$113,625.21
Upside / Downside640.88%2,257.26%2,573.53%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)915,980.90975,519.661,038,928.441,106,458.791,178,378.611,254,973.221,292,622.41
Payout Ratio37.51%48.01%58.51%69.00%79.50%90.00%92.50%
Projected Dividends (M)343,593.32468,335.05607,841.52763,505.12936,836.851,129,475.901,195,675.73

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.03%7.03%7.03%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)433,459.11437,567.73441,676.34
Year 2 PV (M)520,682.89530,600.43540,611.54
Year 3 PV (M)605,321.87622,698.49640,404.51
Year 4 PV (M)687,432.17713,868.87741,060.85
Year 5 PV (M)767,068.81804,118.52842,586.21
PV of Terminal Value (M)20,142,355.5821,115,238.8922,125,356.73
Equity Value (M)23,156,320.4324,224,092.9225,331,696.18
Shares Outstanding (M)1,603.221,603.221,603.22
Fair Value$14,443.67$15,109.69$15,800.56
Upside / Downside239.85%255.52%271.78%

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