Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Mirbud S.A. (MRB.WA)

Company Dividend Discount ModelIndustry: Engineering & ConstructionSector: Industrials

Valuation Snapshot

Stable Growth$164.19 - $193.44$181.28
Multi-Stage$120.04 - $131.76$125.79
Blended Fair Value$153.54
Current Price$13.84
Upside1,009.37%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%0.170.230.170.070.020.000.000.000.000.00
YoY Growth---25.48%40.90%149.99%300.00%0.00%-100.00%0.00%0.00%-100.00%0.00%
Dividend Yield--1.33%2.19%2.29%1.63%0.40%0.00%0.23%0.00%0.00%0.08%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)107.09
(-) Cash Dividends Paid (M)11.01
(=) Cash Retained (M)96.08
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)21.4213.398.03
Cash Retained (M)96.0896.0896.08
(-) Cash Required (M)-21.42-13.39-8.03
(=) Excess Retained (M)74.6682.6988.04
(/) Shares Outstanding (M)110.09110.09110.09
(=) Excess Retained per Share0.680.750.80
LTM Dividend per Share0.100.100.10
(+) Excess Retained per Share0.680.750.80
(=) Adjusted Dividend0.780.850.90
WACC / Discount Rate0.75%0.75%0.75%
Growth Rate5.50%6.50%7.50%
Fair Value$164.19$181.28$193.44
Upside / Downside1,086.33%1,209.85%1,297.70%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)107.09114.05121.46129.35137.76146.72151.12
Payout Ratio10.28%26.22%42.17%58.11%74.06%90.00%92.50%
Projected Dividends (M)11.0129.9151.2275.17102.02132.04139.78

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate0.75%0.75%0.75%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)29.4129.6929.97
Year 2 PV (M)49.5250.4651.41
Year 3 PV (M)71.4673.5175.60
Year 4 PV (M)95.3799.03102.81
Year 5 PV (M)121.37127.23133.32
PV of Terminal Value (M)12,848.0613,468.6314,112.94
Equity Value (M)13,215.1813,848.5514,506.05
Shares Outstanding (M)110.09110.09110.09
Fair Value$120.04$125.79$131.76
Upside / Downside767.32%808.88%852.04%

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