Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

Hass (450330.KQ)

Company Dividend Discount ModelIndustry: Medical - SpecialtiesSector: Healthcare

Valuation Snapshot

Stable Growth$2,130.75 - $3,332.05$2,683.75
Multi-Stage$5,079.63 - $5,596.41$5,332.92
Blended Fair Value$4,008.34
Current Price$6,980.00
Upside-42.57%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021
DPS0.00%0.00%0.000.000.000.000.000.000.000.000.000.00
YoY Growth--0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--0.00%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)1,555.42
(-) Cash Dividends Paid (M)548.52
(=) Cash Retained (M)1,006.90
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)311.08194.43116.66
Cash Retained (M)1,006.901,006.901,006.90
(-) Cash Required (M)-311.08-194.43-116.66
(=) Excess Retained (M)695.81812.47890.24
(/) Shares Outstanding (M)7.037.037.03
(=) Excess Retained per Share99.04115.64126.71
LTM Dividend per Share78.0778.0778.07
(+) Excess Retained per Share99.04115.64126.71
(=) Adjusted Dividend177.11193.72204.79
WACC / Discount Rate6.15%6.15%6.15%
Growth Rate-2.00%-1.00%0.00%
Fair Value$2,130.75$2,683.75$3,332.05
Upside / Downside-69.47%-61.55%-52.26%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,555.421,539.861,524.461,509.221,494.131,479.191,523.56
Payout Ratio35.27%46.21%57.16%68.11%79.05%90.00%92.50%
Projected Dividends (M)548.52711.60871.371,027.871,181.151,331.271,409.29

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.15%6.15%6.15%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)663.63670.40677.17
Year 2 PV (M)757.84773.39789.09
Year 3 PV (M)833.68859.47885.77
Year 4 PV (M)893.42930.45968.62
Year 5 PV (M)939.08987.981,038.90
PV of Terminal Value (M)31,600.3833,245.8834,959.24
Equity Value (M)35,688.0437,467.5739,318.79
Shares Outstanding (M)7.037.037.03
Fair Value$5,079.63$5,332.92$5,596.41
Upside / Downside-27.23%-23.60%-19.82%

High-Yield Dividend Screener

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