Definitive Analysis
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Definitive Analysis

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Ticker

Industry

Sector

Scanfil Oyj (SCANFL.HE)

Company Dividend Discount ModelIndustry: Industrial - MachinerySector: Industrials

Valuation Snapshot

Stable Growth$46.06 - $112.80$105.71
Multi-Stage$16.49 - $18.04$17.25
Blended Fair Value$61.48
Current Price$9.78
Upside528.62%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS12.49%17.91%0.230.210.190.170.150.130.110.090.080.06
YoY Growth--10.09%10.60%12.10%14.01%15.76%18.45%22.65%13.04%25.44%39.97%
Dividend Yield--2.45%2.52%2.45%2.21%1.97%3.05%2.63%1.96%2.16%1.86%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)37.10
(-) Cash Dividends Paid (M)15.71
(=) Cash Retained (M)21.39
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)7.424.642.78
Cash Retained (M)21.3921.3921.39
(-) Cash Required (M)-7.42-4.64-2.78
(=) Excess Retained (M)13.9716.7618.61
(/) Shares Outstanding (M)65.4165.4165.41
(=) Excess Retained per Share0.210.260.28
LTM Dividend per Share0.240.240.24
(+) Excess Retained per Share0.210.260.28
(=) Adjusted Dividend0.450.500.52
WACC / Discount Rate6.54%6.54%6.54%
Growth Rate5.50%6.50%7.50%
Fair Value$46.06$105.71$112.80
Upside / Downside370.93%980.87%1,053.37%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)37.1039.5142.0844.8147.7350.8352.36
Payout Ratio42.33%51.87%61.40%70.93%80.47%90.00%92.50%
Projected Dividends (M)15.7120.4925.8431.7938.4145.7548.43

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.54%6.54%6.54%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)19.0619.2419.42
Year 2 PV (M)22.3422.7623.19
Year 3 PV (M)25.5526.2927.03
Year 4 PV (M)28.7129.8130.94
Year 5 PV (M)31.7933.3334.92
PV of Terminal Value (M)950.91996.841,044.53
Equity Value (M)1,078.351,128.261,180.04
Shares Outstanding (M)65.4165.4165.41
Fair Value$16.49$17.25$18.04
Upside / Downside68.57%76.37%84.46%

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