Definitive Analysis
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Rubis (RUI.PA)

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

Valuation Snapshot

Stable Growth$582.86 - $1,325.84$1,242.50
Multi-Stage$202.06 - $220.91$211.31
Blended Fair Value$726.91
Current Price$27.42
Upside2,551.02%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS12.81%14.46%2.721.901.840.810.801.491.631.281.200.81
YoY Growth--42.91%3.38%128.60%0.29%-46.07%-8.71%27.26%6.49%48.81%14.73%
Dividend Yield--11.39%8.46%7.49%3.07%2.12%2.72%3.48%2.18%3.07%2.31%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)691.64
(-) Cash Dividends Paid (M)503.00
(=) Cash Retained (M)188.64
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)138.3386.4551.87
Cash Retained (M)188.64188.64188.64
(-) Cash Required (M)-138.33-86.45-51.87
(=) Excess Retained (M)50.31102.18136.77
(/) Shares Outstanding (M)103.74103.74103.74
(=) Excess Retained per Share0.480.981.32
LTM Dividend per Share4.854.854.85
(+) Excess Retained per Share0.480.981.32
(=) Adjusted Dividend5.335.836.17
WACC / Discount Rate6.47%6.47%6.47%
Growth Rate5.50%6.50%7.50%
Fair Value$582.86$1,242.50$1,325.84
Upside / Downside2,025.68%4,431.38%4,735.29%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)691.64736.59784.47835.46889.77947.60976.03
Payout Ratio72.73%76.18%79.64%83.09%86.55%90.00%92.50%
Projected Dividends (M)503.00561.14624.72694.19770.05852.84902.83

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.47%6.47%6.47%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)522.11527.06532.01
Year 2 PV (M)540.84551.15561.54
Year 3 PV (M)559.19575.24591.60
Year 4 PV (M)577.16599.36622.19
Year 5 PV (M)594.76623.48653.31
PV of Terminal Value (M)18,168.9119,046.4719,957.62
Equity Value (M)20,962.9721,922.7622,918.28
Shares Outstanding (M)103.74103.74103.74
Fair Value$202.06$211.31$220.91
Upside / Downside636.92%670.66%705.65%

High-Yield Dividend Screener

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