Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Nos, S.g.p.s., S.a. (NOS.LS)

Company Dividend Discount ModelIndustry: Telecommunications ServicesSector: Communication Services

Valuation Snapshot

Stable Growth$7.10 - $13.06$9.56
Multi-Stage$15.47 - $17.00$16.22
Blended Fair Value$12.89
Current Price$3.87
Upside233.07%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-0.07%11.18%0.350.280.280.280.280.350.300.200.160.14
YoY Growth--25.83%-0.09%-0.01%-0.10%-20.65%16.69%50.00%24.96%13.72%16.45%
Dividend Yield--7.93%7.59%6.59%7.30%8.98%11.50%5.20%4.18%3.14%2.41%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)253.15
(-) Cash Dividends Paid (M)204.91
(=) Cash Retained (M)48.25
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)50.6331.6418.99
Cash Retained (M)48.2548.2548.25
(-) Cash Required (M)-50.63-31.64-18.99
(=) Excess Retained (M)-2.3916.6029.26
(/) Shares Outstanding (M)511.91511.91511.91
(=) Excess Retained per Share0.000.030.06
LTM Dividend per Share0.400.400.40
(+) Excess Retained per Share0.000.030.06
(=) Adjusted Dividend0.400.430.46
WACC / Discount Rate5.63%5.63%5.63%
Growth Rate0.06%1.06%2.06%
Fair Value$7.10$9.56$13.06
Upside / Downside83.47%146.97%237.42%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)253.15255.82258.52261.25264.01266.80274.80
Payout Ratio80.94%82.75%84.57%86.38%88.19%90.00%92.50%
Projected Dividends (M)204.91211.70218.62225.66232.83240.12254.19

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate5.63%5.63%5.63%
Growth Rate0.06%1.06%2.06%
Year 1 PV (M)198.43200.42202.40
Year 2 PV (M)192.08195.93199.83
Year 3 PV (M)185.84191.46197.20
Year 4 PV (M)179.72187.01194.53
Year 5 PV (M)173.73182.59191.80
PV of Terminal Value (M)6,990.577,346.957,717.73
Equity Value (M)7,920.368,304.378,703.49
Shares Outstanding (M)511.91511.91511.91
Fair Value$15.47$16.22$17.00
Upside / Downside299.80%319.18%339.33%

High-Yield Dividend Screener

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