Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Odfjell SE (O7F1.F)

Company Dividend Discount ModelIndustry: Marine ShippingSector: Industrials

Valuation Snapshot

Stable Growth$28.66 - $43.62$35.68
Multi-Stage$61.95 - $68.06$64.94
Blended Fair Value$50.31
Current Price$10.81
Upside365.40%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021
DPS0.00%0.00%2.171.630.440.000.000.000.000.000.000.00
YoY Growth--33.27%268.18%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--24.97%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)192.81
(-) Cash Dividends Paid (M)140.80
(=) Cash Retained (M)52.01
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)38.5624.1014.46
Cash Retained (M)52.0152.0152.01
(-) Cash Required (M)-38.56-24.10-14.46
(=) Excess Retained (M)13.4527.9137.55
(/) Shares Outstanding (M)59.3059.3059.30
(=) Excess Retained per Share0.230.470.63
LTM Dividend per Share2.372.372.37
(+) Excess Retained per Share0.230.470.63
(=) Adjusted Dividend2.602.853.01
WACC / Discount Rate6.89%6.89%6.89%
Growth Rate-2.00%-1.00%0.00%
Fair Value$28.66$35.68$43.62
Upside / Downside165.12%230.04%303.54%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)192.81190.88188.98187.09185.22183.36188.86
Payout Ratio73.02%76.42%79.81%83.21%86.60%90.00%92.50%
Projected Dividends (M)140.80145.87150.83155.67160.41165.03174.70

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.89%6.89%6.89%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)135.09136.47137.84
Year 2 PV (M)129.35132.00134.68
Year 3 PV (M)123.63127.45131.35
Year 4 PV (M)117.97122.86127.90
Year 5 PV (M)112.39118.24124.34
PV of Terminal Value (M)3,054.993,214.073,379.71
Equity Value (M)3,673.423,851.094,035.83
Shares Outstanding (M)59.3059.3059.30
Fair Value$61.95$64.94$68.06
Upside / Downside473.05%500.76%529.58%

High-Yield Dividend Screener

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