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Odfjell SE (O7F1.F)

Company Dividend Discount ModelIndustry: Marine ShippingSector: Industrials

Valuation Snapshot

Stable Growth$30.02 - $46.34$37.60
Multi-Stage$69.12 - $75.99$72.49
Blended Fair Value$55.04
Current Price$10.81
Upside409.19%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021
DPS0.00%0.00%2.171.630.440.000.000.000.000.000.000.00
YoY Growth--33.27%268.18%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--24.97%0.00%0.00%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)192.81
(-) Cash Dividends Paid (M)140.80
(=) Cash Retained (M)52.01
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)38.5624.1014.46
Cash Retained (M)52.0152.0152.01
(-) Cash Required (M)-38.56-24.10-14.46
(=) Excess Retained (M)13.4527.9137.55
(/) Shares Outstanding (M)59.3059.3059.30
(=) Excess Retained per Share0.230.470.63
LTM Dividend per Share2.372.372.37
(+) Excess Retained per Share0.230.470.63
(=) Adjusted Dividend2.602.853.01
WACC / Discount Rate6.49%6.49%6.49%
Growth Rate-2.00%-1.00%0.00%
Fair Value$30.02$37.60$46.34
Upside / Downside177.73%247.83%328.65%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)192.81190.88188.98187.09185.22183.36188.86
Payout Ratio73.02%76.42%79.81%83.21%86.60%90.00%92.50%
Projected Dividends (M)140.80145.87150.83155.67160.41165.03174.70

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.49%6.49%6.49%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)135.60136.98138.37
Year 2 PV (M)130.33133.00135.70
Year 3 PV (M)125.04128.91132.85
Year 4 PV (M)119.77124.73129.85
Year 5 PV (M)114.54120.50126.71
PV of Terminal Value (M)3,473.483,654.353,842.68
Equity Value (M)4,098.754,298.484,506.17
Shares Outstanding (M)59.3059.3059.30
Fair Value$69.12$72.49$75.99
Upside / Downside539.40%570.56%602.95%

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