Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Ryanair Holdings plc (RY4C.DE)

Company Dividend Discount ModelIndustry: Airlines, Airports & Air ServicesSector: Industrials

Valuation Snapshot

Stable Growth$113.75 - $432.45$330.33
Multi-Stage$53.02 - $58.04$55.49
Blended Fair Value$192.91
Current Price$24.02
Upside703.11%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS0.00%0.00%0.400.180.000.000.000.000.000.000.000.37
YoY Growth--119.40%0.00%0.00%0.00%0.00%0.00%0.00%0.00%-100.00%0.00%
Dividend Yield--1.68%1.13%0.00%0.00%0.00%0.00%0.00%0.00%0.00%3.24%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)2,359.20
(-) Cash Dividends Paid (M)437.70
(=) Cash Retained (M)1,921.50
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)471.84294.90176.94
Cash Retained (M)1,921.501,921.501,921.50
(-) Cash Required (M)-471.84-294.90-176.94
(=) Excess Retained (M)1,449.661,626.601,744.56
(/) Shares Outstanding (M)1,084.951,084.951,084.95
(=) Excess Retained per Share1.341.501.61
LTM Dividend per Share0.400.400.40
(+) Excess Retained per Share1.341.501.61
(=) Adjusted Dividend1.741.902.01
WACC / Discount Rate7.11%7.11%7.11%
Growth Rate5.50%6.50%7.50%
Fair Value$113.75$330.33$432.45
Upside / Downside373.56%1,275.22%1,700.37%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)2,359.202,512.552,675.862,849.793,035.033,232.313,329.28
Payout Ratio18.55%32.84%47.13%61.42%75.71%90.00%92.50%
Projected Dividends (M)437.70825.181,261.181,750.382,297.842,909.083,079.58

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.11%7.11%7.11%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)763.15770.38777.61
Year 2 PV (M)1,078.691,099.231,119.97
Year 3 PV (M)1,384.551,424.291,464.79
Year 4 PV (M)1,680.951,745.601,812.09
Year 5 PV (M)1,968.112,063.172,161.87
PV of Terminal Value (M)50,650.2653,096.6955,636.75
Equity Value (M)57,525.7160,199.3762,973.09
Shares Outstanding (M)1,084.951,084.951,084.95
Fair Value$53.02$55.49$58.04
Upside / Downside120.74%131.00%141.64%

High-Yield Dividend Screener

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