Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Companhia Distribuidora de Gás do Rio de Janeiro - CEG (CEGR3.SA)

Company Dividend Discount ModelIndustry: Regulated GasSector: Utilities

Valuation Snapshot

Stable Growth$37.76 - $66.09$49.84
Multi-Stage$70.44 - $77.40$73.85
Blended Fair Value$61.85
Current Price$96.72
Upside-36.06%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-6.99%1.26%1.501.040.632.370.922.160.850.760.300.61
YoY Growth--43.84%65.93%-73.44%158.40%-57.50%154.63%11.05%158.32%-51.86%-53.70%
Dividend Yield--2.68%1.53%0.71%2.96%1.65%3.59%1.76%2.54%1.14%2.74%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)732.14
(-) Cash Dividends Paid (M)380.52
(=) Cash Retained (M)351.62
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)146.4391.5254.91
Cash Retained (M)351.62351.62351.62
(-) Cash Required (M)-146.43-91.52-54.91
(=) Excess Retained (M)205.19260.10296.71
(/) Shares Outstanding (M)253.53253.53253.53
(=) Excess Retained per Share0.811.031.17
LTM Dividend per Share1.501.501.50
(+) Excess Retained per Share0.811.031.17
(=) Adjusted Dividend2.312.532.67
WACC / Discount Rate6.33%6.33%6.33%
Growth Rate0.19%1.19%2.19%
Fair Value$37.76$49.84$66.09
Upside / Downside-60.96%-48.47%-31.67%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)732.14740.88749.73758.69767.75776.92800.23
Payout Ratio51.97%59.58%67.18%74.79%82.39%90.00%92.50%
Projected Dividends (M)380.52441.41503.70567.42632.59699.23740.21

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.33%6.33%6.33%
Growth Rate0.19%1.19%2.19%
Year 1 PV (M)411.05415.15419.25
Year 2 PV (M)436.79445.55454.40
Year 3 PV (M)458.20472.06486.19
Year 4 PV (M)475.69494.97514.82
Year 5 PV (M)489.64514.57540.50
PV of Terminal Value (M)15,588.7616,382.3717,207.98
Equity Value (M)17,860.1418,724.6719,623.15
Shares Outstanding (M)253.53253.53253.53
Fair Value$70.44$73.85$77.40
Upside / Downside-27.17%-23.64%-19.98%

High-Yield Dividend Screener

« Prev Page 16 of 30 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
HWBKHawthorn Bancshares, Inc.2.27%$0.7724.18%
UTMDUtah Medical Products, Inc.2.27%$1.2835.35%
DKSDICK'S Sporting Goods, Inc.2.26%$4.5238.61%
EMLThe Eastern Company2.26%$0.4437.05%
SBCFSeacoast Banking Corporation of Florida2.26%$0.7143.09%
WMKWeis Markets, Inc.2.26%$1.4535.88%
0JYA.LMarathon Petroleum Corporation2.25%$3.7274.60%
FSBCFive Star Bancorp2.25%$0.8029.79%
IBMInternational Business Machines Corporation2.25%$6.5678.75%
0KYZ.LSBA Communications Corporation2.24%$4.3254.40%
BPOPPopular, Inc.2.24%$2.8224.06%
MFINMedallion Financial Corp.2.24%$0.2312.50%
MSMorgan Stanley2.24%$4.0740.12%
FXNCFirst National Corporation2.23%$0.5586.28%
BACBank of America Corporation2.22%$1.2431.97%
SSBSouthState Corporation2.22%$2.0930.58%
VLGEAVillage Super Market, Inc.2.22%$0.7720.42%
WWWWolverine World Wide, Inc.2.22%$0.4137.79%
CCBGCapital City Bank Group, Inc.2.21%$0.9326.22%
CGThe Carlyle Group Inc.2.20%$1.3476.25%
NHINational Health Investors, Inc.2.20%$1.6954.58%
VNOVornado Realty Trust2.20%$0.7315.58%
BANCBanc of California, Inc.2.19%$0.4332.44%
EBTCEnterprise Bancorp, Inc.2.19%$0.8726.66%
RHPRyman Hospitality Properties, Inc.2.19%$2.0957.31%
CDPCOPT Defense Properties2.18%$0.6045.15%
FDSFactSet Research Systems Inc.2.18%$6.2039.64%
ISBAIsabella Bank Corporation2.18%$1.1044.52%
WHWyndham Hotels & Resorts, Inc.2.18%$1.6437.28%
EFSCEnterprise Financial Services Corp2.17%$1.1722.34%
ETHGrayscale Ethereum Mini Trust2.17%$0.6434.57%
SEMSelect Medical Holdings Corporation2.17%$0.3236.19%
BFSTBusiness First Bancshares, Inc.2.16%$0.5620.21%
CWBCCommunity West Bancshares2.16%$0.4826.89%
EHTHeHealth, Inc.2.16%$0.095.60%
TPLTexas Pacific Land Corporation2.16%$6.4231.02%
CBSHCommerce Bancshares, Inc.2.15%$1.1226.40%
COLMColumbia Sportswear Company2.15%$1.2035.55%
HTHHilltop Holdings Inc.2.15%$0.7328.46%
NATHNathan's Famous, Inc.2.15%$1.9835.76%
RCKYRocky Brands, Inc.2.15%$0.6222.50%
BDXBecton, Dickinson and Company2.14%$4.1771.28%
CICigna Corporation2.14%$5.9626.01%
FBIZFirst Business Financial Services, Inc.2.14%$1.1518.19%
JBSSJohn B. Sanfilippo & Son, Inc.2.14%$1.4926.50%
JNPRJuniper Networks, Inc.2.14%$0.8682.37%
POOLPool Corporation2.14%$4.9244.68%
CSCOCisco Systems, Inc.2.13%$1.6262.56%
CSTRCapStar Financial Holdings, Inc.2.13%$0.4330.48%
HTLFHeartland Financial USA, Inc.2.13%$1.3869.73%