Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

CRH plc (CRH)

Company Dividend Discount ModelIndustry: Construction MaterialsSector: Basic Materials

Valuation Snapshot

Stable Growth$488.26 - $939.70$880.64
Multi-Stage$146.13 - $159.99$152.93
Blended Fair Value$516.78
Current Price$91.80
Upside462.94%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS23.16%16.65%2.431.261.261.170.850.860.800.690.520.56
YoY Growth--93.41%-0.58%7.58%37.54%-0.43%7.58%15.21%33.24%-7.12%7.37%
Dividend Yield--2.76%1.48%2.48%2.22%2.45%2.38%3.47%2.30%1.59%2.11%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)3,205.49
(-) Cash Dividends Paid (M)1,077.78
(=) Cash Retained (M)2,127.71
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)641.10400.69240.41
Cash Retained (M)2,127.712,127.712,127.71
(-) Cash Required (M)-641.10-400.69-240.41
(=) Excess Retained (M)1,486.621,727.031,887.30
(/) Shares Outstanding (M)678.40678.40678.40
(=) Excess Retained per Share2.192.552.78
LTM Dividend per Share1.591.591.59
(+) Excess Retained per Share2.192.552.78
(=) Adjusted Dividend3.784.134.37
WACC / Discount Rate6.32%6.32%6.32%
Growth Rate5.50%6.50%7.50%
Fair Value$488.26$880.64$939.70
Upside / Downside431.88%859.30%923.64%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)3,205.493,413.853,635.753,872.074,123.754,391.804,523.55
Payout Ratio33.62%44.90%56.17%67.45%78.72%90.00%92.50%
Projected Dividends (M)1,077.781,532.762,042.332,611.683,246.413,952.624,184.29

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.32%6.32%6.32%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)1,428.151,441.691,455.23
Year 2 PV (M)1,773.081,806.851,840.94
Year 3 PV (M)2,112.632,173.272,235.07
Year 4 PV (M)2,446.852,540.952,637.74
Year 5 PV (M)2,775.812,909.893,049.09
PV of Terminal Value (M)88,595.6792,874.8897,317.86
Equity Value (M)99,132.20103,747.53108,535.92
Shares Outstanding (M)678.40678.40678.40
Fair Value$146.13$152.93$159.99
Upside / Downside59.18%66.59%74.28%

High-Yield Dividend Screener

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