Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Vaisala Oyj (0GEG.L)

Company Dividend Discount ModelIndustry: Hardware, Equipment & PartsSector: Technology

Valuation Snapshot

Stable Growth$68.35 - $343.96$141.94
Multi-Stage$46.89 - $51.33$49.07
Blended Fair Value$95.51
Current Price$49.60
Upside92.55%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS5.51%5.32%0.750.720.680.600.600.571.030.490.470.45
YoY Growth--4.21%6.10%11.82%0.00%5.77%-44.68%110.06%4.68%4.27%1.23%
Dividend Yield--1.67%1.85%1.70%1.40%1.90%2.11%5.52%2.27%2.68%3.75%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)63.50
(-) Cash Dividends Paid (M)30.90
(=) Cash Retained (M)32.60
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)12.707.944.76
Cash Retained (M)32.6032.6032.60
(-) Cash Required (M)-12.70-7.94-4.76
(=) Excess Retained (M)19.9024.6627.84
(/) Shares Outstanding (M)36.3936.3936.39
(=) Excess Retained per Share0.550.680.77
LTM Dividend per Share0.850.850.85
(+) Excess Retained per Share0.550.680.77
(=) Adjusted Dividend1.401.531.61
WACC / Discount Rate6.68%6.68%6.68%
Growth Rate4.54%5.54%6.54%
Fair Value$68.35$141.94$343.96
Upside / Downside37.80%186.17%593.47%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)63.5067.0270.7374.6578.7983.1585.64
Payout Ratio48.66%56.93%65.20%73.46%81.73%90.00%92.50%
Projected Dividends (M)30.9038.1546.1154.8464.3974.8379.22

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.68%6.68%6.68%
Growth Rate4.54%5.54%6.54%
Year 1 PV (M)35.4335.7736.10
Year 2 PV (M)39.7640.5241.29
Year 3 PV (M)43.9045.1846.47
Year 4 PV (M)47.8749.7351.64
Year 5 PV (M)51.6554.1756.79
PV of Terminal Value (M)1,487.751,560.281,635.62
Equity Value (M)1,706.361,785.651,867.91
Shares Outstanding (M)36.3936.3936.39
Fair Value$46.89$49.07$51.33
Upside / Downside-5.46%-1.06%3.50%

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