Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker / Industry / Sector

Crown Holdings, Inc. (0I4X.L)

Company Dividend Discount ModelIndustry: Packaging & ContainersSector: Consumer Cyclical

Valuation Snapshot

Stable Growth$99.88 - $169.78$130.28
Multi-Stage$154.50 - $169.83$162.02
Blended Fair Value$146.15
Current Price$96.59
Upside51.31%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%1.020.980.910.900.000.000.000.000.000.00
YoY Growth--3.48%8.49%0.95%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--1.14%1.24%1.10%0.72%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)946.00
(-) Cash Dividends Paid (M)119.00
(=) Cash Retained (M)827.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)189.20118.2570.95
Cash Retained (M)827.00827.00827.00
(-) Cash Required (M)-189.20-118.25-70.95
(=) Excess Retained (M)637.80708.75756.05
(/) Shares Outstanding (M)116.78116.78116.78
(=) Excess Retained per Share5.466.076.47
LTM Dividend per Share1.021.021.02
(+) Excess Retained per Share5.466.076.47
(=) Adjusted Dividend6.487.097.49
WACC / Discount Rate7.17%7.17%7.17%
Growth Rate0.64%1.64%2.64%
Fair Value$99.88$130.28$169.78
Upside / Downside3.40%34.88%75.77%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)946.00961.48977.22993.211,009.461,025.981,056.76
Payout Ratio12.58%28.06%43.55%59.03%74.52%90.00%92.50%
Projected Dividends (M)119.00269.82425.55586.31752.21923.39977.51

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.17%7.17%7.17%
Growth Rate0.64%1.64%2.64%
Year 1 PV (M)249.30251.78254.26
Year 2 PV (M)363.29370.54377.87
Year 3 PV (M)462.45476.37490.57
Year 4 PV (M)548.18570.30593.08
Year 5 PV (M)621.75653.26686.04
PV of Terminal Value (M)15,796.9016,597.5017,430.24
Equity Value (M)18,041.8718,919.7619,832.05
Shares Outstanding (M)116.78116.78116.78
Fair Value$154.50$162.02$169.83
Upside / Downside59.96%67.74%75.83%

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