Definitive Analysis
Definitive Analysis

Financial Statements

Fundamentals

Valuations

Miscellaneous

Analysis Mode

Search

Valero Energy Corporation (VLO)

Company Dividend Discount ModelIndustry: Oil & Gas Refining & MarketingSector: Energy

Valuation Snapshot

Stable Growth$46.12 - $71.51$57.88
Multi-Stage$67.49 - $73.67$70.53
Blended Fair Value$64.20
Current Price$170.26
Upside-62.29%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-1.49%9.59%4.434.644.995.125.124.774.383.973.552.71
YoY Growth---4.68%-7.04%-2.50%0.13%7.24%8.98%10.23%11.79%31.01%53.07%
Dividend Yield--3.35%2.69%3.58%5.04%7.15%10.52%5.06%4.28%5.36%4.23%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,495.00
(-) Cash Dividends Paid (M)1,400.00
(=) Cash Retained (M)95.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)299.00186.88112.13
Cash Retained (M)95.0095.0095.00
(-) Cash Required (M)-299.00-186.88-112.13
(=) Excess Retained (M)-204.00-91.88-17.13
(/) Shares Outstanding (M)312.75312.75312.75
(=) Excess Retained per Share-0.65-0.29-0.05
LTM Dividend per Share4.484.484.48
(+) Excess Retained per Share-0.65-0.29-0.05
(=) Adjusted Dividend3.824.184.42
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate0.75%1.75%2.75%
Fair Value$46.12$57.88$71.51
Upside / Downside-72.91%-66.01%-58.00%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,495.001,521.091,547.631,574.641,602.121,630.081,678.98
Payout Ratio93.65%92.92%92.19%91.46%90.73%90.00%92.50%
Projected Dividends (M)1,400.001,413.341,426.721,440.141,453.591,467.071,553.06

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate0.75%1.75%2.75%
Year 1 PV (M)1,282.751,295.481,308.21
Year 2 PV (M)1,175.241,198.691,222.36
Year 3 PV (M)1,076.681,109.061,142.08
Year 4 PV (M)986.321,026.061,067.00
Year 5 PV (M)903.48949.22996.79
PV of Terminal Value (M)15,684.3916,478.4217,304.28
Equity Value (M)21,108.8522,056.9223,040.73
Shares Outstanding (M)312.75312.75312.75
Fair Value$67.49$70.53$73.67
Upside / Downside-60.36%-58.58%-56.73%

High-Yield Dividend Screener

« Prev Page 17 of 30 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
SAHSonic Automotive, Inc.2.13%$1.3135.28%
AIG-PAAmerican International Group, Inc.2.12%$1.6930.01%
LANCLancaster Colony Corporation2.11%$3.8261.80%
TDACTranslational Development Acquisition Corp.2.10%$0.2279.86%
FASTFastenal Company2.09%$0.8579.50%
FDUSFidus Investment Corporation2.09%$0.4117.86%
IBOCInternational Bancshares Corporation2.09%$1.4020.70%
SMRSXALPS/Smith Short Duration Bond Investor2.09%$0.2298.81%
SSSSSuRo Capital Corp.2.09%$0.208.46%
MLRMiller Industries, Inc.2.08%$0.7830.00%
OACCOaktree Acquisition Corp. III Life Sciences2.08%$0.2261.74%
FCCOFirst Community Corporation2.07%$0.6025.08%
GNTXGentex Corporation2.07%$0.4928.42%
OACCUOaktree Acquisition Corp. III Life Sciences Unit2.07%$0.2261.74%
DLBDolby Laboratories, Inc.2.06%$1.3149.64%
APOGApogee Enterprises, Inc.2.05%$0.7737.24%
CAKEThe Cheesecake Factory Incorporated2.05%$1.0832.74%
EWBCEast West Bancorp, Inc.2.05%$2.3625.97%
ALFCenturion Acquisition Corp.2.04%$0.2251.38%
ATOAtmos Energy Corporation2.04%$3.4546.19%
OVLYOak Valley Bancorp2.04%$0.6129.73%
0HYE.LCincinnati Financial Corporation2.03%$3.2824.36%
AOSA. O. Smith Corporation2.03%$1.3936.68%
ACTEnact Holdings, Inc.2.02%$0.8018.03%
ARKOArko Corp.2.02%$0.0955.86%
KFYKorn Ferry2.02%$1.3426.97%
0H68.LAflac Incorporated2.01%$2.2028.14%
LENLennar Corporation2.01%$2.1025.46%
AVYAvery Dennison Corporation2.00%$3.6641.17%
RHLDResolute Holdings Management, Inc.2.00%$3.7422.61%
ALFUUCenturion Acquisition Corp. Unit1.99%$0.2251.38%
GNTYGuaranty Bancshares, Inc.1.99%$0.9730.69%
NCNACCO Industries, Inc.1.99%$0.9524.54%
QCOMQUALCOMM Incorporated1.99%$3.4468.67%
THGThe Hanover Insurance Group, Inc.1.98%$3.5520.46%
CNMDCONMED Corporation1.97%$0.8038.60%
FBINFortune Brands Innovations, Inc.1.97%$1.0036.69%
FEIMFrequency Electronics, Inc.1.97%$1.0046.25%
RPMRPM International Inc.1.97%$2.0437.93%
BNJBrookfield Finance Inc. 4.50% P1.96%$0.3070.51%
MTGMGIC Investment Corporation1.96%$0.5717.51%
CCSCentury Communities, Inc.1.95%$1.1516.06%
0K6F.LNetApp, Inc.1.94%$2.0735.51%
BLKBlackRock, Inc.1.94%$21.0053.94%
FNB-PEF.N.B. Corporation1.94%$0.4834.55%
0L4F.LSealed Air Corporation1.93%$0.8030.13%
AEOAmerican Eagle Outfitters, Inc.1.93%$0.5142.14%
SLGNSilgan Holdings Inc.1.93%$0.8026.98%
FSFGFirst Savings Financial Group, Inc.1.92%$0.6123.93%
GENGen Digital Inc.1.92%$0.5054.91%