Definitive Analysis
Definitive Analysis

Financial Statements

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Ticker

Industry

Sector

Besalco S.A. (BESALCO.SN)

Company Dividend Discount ModelIndustry: Engineering & ConstructionSector: Industrials

Valuation Snapshot

Stable Growth$8,397.79 - $18,208.85$17,064.36
Multi-Stage$2,744.19 - $3,004.09$2,871.75
Blended Fair Value$9,968.06
Current Price$861.99
Upside1,056.40%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR202420232022202120202019
DPS15.00%0.00%41.2731.9219.5318.068.4520.520.000.000.000.00
YoY Growth--29.28%63.49%8.10%113.70%-58.81%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--5.62%5.74%4.83%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)50,692.21
(-) Cash Dividends Paid (M)17,622.94
(=) Cash Retained (M)33,069.27
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)10,138.446,336.533,801.92
Cash Retained (M)33,069.2733,069.2733,069.27
(-) Cash Required (M)-10,138.44-6,336.53-3,801.92
(=) Excess Retained (M)22,930.8326,732.7529,267.36
(/) Shares Outstanding (M)553.65553.65553.65
(=) Excess Retained per Share41.4248.2852.86
LTM Dividend per Share31.8331.8331.83
(+) Excess Retained per Share41.4248.2852.86
(=) Adjusted Dividend73.2580.1184.69
WACC / Discount Rate6.42%6.42%6.42%
Growth Rate5.50%6.50%7.50%
Fair Value$8,397.79$17,064.36$18,208.85
Upside / Downside874.23%1,879.65%2,012.42%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)50,692.2153,987.2057,496.3761,233.6465,213.8269,452.7271,536.30
Payout Ratio34.76%45.81%56.86%67.91%78.95%90.00%92.50%
Projected Dividends (M)17,622.9424,732.4432,691.7241,581.2151,488.2262,507.4566,171.08

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.42%6.42%6.42%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)23,022.1423,240.3623,458.58
Year 2 PV (M)28,326.6628,866.2029,410.84
Year 3 PV (M)33,537.7234,500.4735,481.47
Year 4 PV (M)38,656.5540,143.1741,672.26
Year 5 PV (M)43,684.3445,794.3147,985.03
PV of Terminal Value (M)1,352,108.081,417,415.411,485,222.20
Equity Value (M)1,519,335.491,589,959.921,663,230.38
Shares Outstanding (M)553.65553.65553.65
Fair Value$2,744.19$2,871.75$3,004.09
Upside / Downside218.36%233.15%248.51%

High-Yield Dividend Screener

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