Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Company Industry Sector

Fundamentals

Margins Returns Growth Rates Metrics/Ratios

Valuations

Projections DCF DDM EPV Multiples Valuations

Miscellaneous

Indicators Charts WACC Beta Predictability

Mode

Company Industry Sector

Ticker

Industry

Sector

Fortnox AB (publ) (FNOX.ST)

Company Dividend Discount ModelIndustry: Software - ApplicationSector: Technology

Valuation Snapshot

Stable Growth$23.77 - $50.58$33.79
Multi-Stage$17.29 - $18.89$18.08
Blended Fair Value$25.93
Current Price$86.98
Upside-70.19%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS42.30%33.06%0.200.120.080.070.050.030.020.020.020.01
YoY Growth--67.12%49.59%6.99%52.59%42.98%40.16%27.67%25.00%23.08%8.33%
Dividend Yield--0.23%0.18%0.11%0.14%0.13%0.21%0.25%0.39%0.47%0.53%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)770.00
(-) Cash Dividends Paid (M)122.00
(=) Cash Retained (M)648.00
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)154.0096.2557.75
Cash Retained (M)648.00648.00648.00
(-) Cash Required (M)-154.00-96.25-57.75
(=) Excess Retained (M)494.00551.75590.25
(/) Shares Outstanding (M)609.85609.85609.85
(=) Excess Retained per Share0.810.900.97
LTM Dividend per Share0.200.200.20
(+) Excess Retained per Share0.810.900.97
(=) Adjusted Dividend1.011.101.17
WACC / Discount Rate9.98%9.98%9.98%
Growth Rate5.50%6.50%7.50%
Fair Value$23.77$33.79$50.58
Upside / Downside-72.67%-61.16%-41.85%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)770.00820.05873.35930.12990.581,054.971,086.62
Payout Ratio15.84%30.68%45.51%60.34%75.17%90.00%92.50%
Projected Dividends (M)122.00251.55397.43561.21744.61949.471,005.12

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.98%9.98%9.98%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)226.57228.72230.87
Year 2 PV (M)322.42328.56334.76
Year 3 PV (M)410.08421.85433.84
Year 4 PV (M)490.06508.90528.29
Year 5 PV (M)562.83590.02618.24
PV of Terminal Value (M)8,533.128,945.279,373.20
Equity Value (M)10,545.0811,023.3211,519.20
Shares Outstanding (M)609.85609.85609.85
Fair Value$17.29$18.08$18.89
Upside / Downside-80.12%-79.22%-78.28%

High-Yield Dividend Screener

« Prev Page 20 of 30 Next »
Ticker ⇵ Company ⇵ Dividend Yield % ▼ Dividend Per Share ⇵ Payout Ratio % ⇵
SMBCSouthern Missouri Bancorp, Inc.1.61%$0.9417.19%
VIRCVirco Mfg. Corporation1.61%$0.1041.34%
CNOCNO Financial Group, Inc.1.60%$0.6722.53%
IVTInvenTrust Properties Corp.1.60%$0.4529.49%
KBRKBR, Inc.1.60%$0.6521.84%
OBKOrigin Bancorp, Inc.1.60%$0.6031.45%
TNCTennant Company1.60%$1.1839.96%
DELLDell Technologies Inc.1.59%$2.0327.33%
RVSBRiverview Bancorp, Inc.1.59%$0.0835.84%
0HPW.LBroadridge Financial Solutions, Inc.1.58%$3.4944.54%
CCFChase Corporation1.58%$2.0157.26%
MSIFMSC Income Fund, Inc.1.58%$0.2112.72%
PRIPrimerica, Inc.1.58%$4.1018.44%
IEXIDEX Corporation1.57%$2.8244.28%
LHXL3Harris Technologies, Inc.1.57%$4.7951.11%
MROMarathon Oil Corporation1.57%$0.4519.02%
NEUNewMarket Corporation1.57%$10.8222.69%
PSMTPriceSmart, Inc.1.57%$1.9339.29%
TFSLTFS Financial Corporation1.57%$0.2165.45%
UFPIUFP Industries, Inc.1.57%$1.4425.79%
0M3Q.LZoetis Inc.1.56%$1.9532.55%
0K92.LNorthrop Grumman Corporation1.55%$8.8031.43%
0QZ5.LCognizant Technology Solutions Corporation1.55%$1.2528.62%
EMREmerson Electric Co.1.55%$2.1151.98%
SYFSynchrony Financial1.55%$1.3213.96%
TXRHTexas Roadhouse, Inc.1.55%$2.6540.30%
0HQW.LC.H. Robinson Worldwide, Inc.1.54%$2.4850.26%
0J76.LHuntington Ingalls Industries, Inc.1.54%$5.3637.08%
BHEBenchmark Electronics, Inc.1.54%$0.6865.62%
DPZDomino's Pizza, Inc.1.54%$6.5437.90%
GRCThe Gorman-Rupp Company1.54%$0.7438.69%
DFSDiscover Financial Services1.53%$3.0616.08%
SPFISouth Plains Financial, Inc.1.53%$0.5916.67%
JMSBJohn Marshall Bancorp, Inc.1.52%$0.3029.07%
0J3H.LThe Hartford Financial Services Group, Inc.1.51%$2.0616.53%
TRVThe Travelers Companies, Inc.1.51%$4.2916.63%
CISMXClarkston Partners Fund Institutional Class1.50%$0.1932.74%
FCAPFirst Capital, Inc.1.50%$0.8828.53%
MGYRMagyar Bancorp, Inc.1.50%$0.2622.66%
OBTOrange County Bancorp, Inc.1.50%$0.4315.62%
OSKOshkosh Corporation1.50%$1.9919.24%
SAICScience Applications International Corporation1.50%$1.5119.14%
FULH.B. Fuller Company1.49%$0.9043.28%
CBNKCapital Bancorp, Inc.1.48%$0.4114.04%
FRBAFirst Bank1.48%$0.2414.40%
ANDEThe Andersons, Inc.1.47%$0.7836.39%
IROQIF Bancorp, Inc.1.47%$0.4025.40%
WMWaste Management, Inc.1.47%$3.2250.78%
ATRAptarGroup, Inc.1.45%$1.7828.44%
CHXChampionX Corporation1.45%$0.3724.70%