Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Hemnet Group AB (publ) (HEM.ST)

Company Dividend Discount ModelIndustry: Internet Content & InformationSector: Communication Services

Valuation Snapshot

Stable Growth$27.78 - $37.48$32.75
Multi-Stage$34.62 - $37.82$36.19
Blended Fair Value$34.47
Current Price$236.80
Upside-85.44%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR20242023202220212020201920182017
DPS-1.62%0.00%1.211.030.580.000.001.310.000.000.000.00
YoY Growth--17.55%76.26%0.00%0.00%-100.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--0.36%0.31%0.33%0.00%0.00%0.74%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)539.20
(-) Cash Dividends Paid (M)161.60
(=) Cash Retained (M)377.60
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)107.8467.4040.44
Cash Retained (M)377.60377.60377.60
(-) Cash Required (M)-107.84-67.40-40.44
(=) Excess Retained (M)269.76310.20337.16
(/) Shares Outstanding (M)95.4095.4095.40
(=) Excess Retained per Share2.833.253.53
LTM Dividend per Share1.691.691.69
(+) Excess Retained per Share2.833.253.53
(=) Adjusted Dividend4.524.955.23
WACC / Discount Rate13.95%13.95%13.95%
Growth Rate-2.00%-1.00%0.00%
Fair Value$27.78$32.75$37.48
Upside / Downside-88.27%-86.17%-84.17%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)539.20533.81528.47523.19517.95512.77528.16
Payout Ratio29.97%41.98%53.98%65.99%77.99%90.00%92.50%
Projected Dividends (M)161.60224.07285.28345.24403.97461.50488.55

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate13.95%13.95%13.95%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)194.66196.64198.63
Year 2 PV (M)215.29219.71224.17
Year 3 PV (M)226.34233.34240.48
Year 4 PV (M)230.08239.61249.44
Year 5 PV (M)228.33240.22252.60
PV of Terminal Value (M)2,207.612,322.572,442.26
Equity Value (M)3,302.313,452.093,607.59
Shares Outstanding (M)95.4095.4095.40
Fair Value$34.62$36.19$37.82
Upside / Downside-85.38%-84.72%-84.03%

High-Yield Dividend Screener

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