Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Tecnoglass Inc. (TGLS)

Company Dividend Discount ModelIndustry: Construction MaterialsSector: Basic Materials

Valuation Snapshot

Stable Growth$277.02 - $764.00$715.98
Multi-Stage$105.42 - $115.47$110.35
Blended Fair Value$413.17
Current Price$66.91
Upside517.50%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS30.45%0.00%0.420.350.270.110.080.110.060.050.060.00
YoY Growth--20.19%27.65%145.45%37.94%-27.28%92.59%9.83%-17.74%0.00%0.00%
Dividend Yield--0.59%0.68%0.65%0.44%0.67%2.88%0.80%0.56%0.59%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)180.48
(-) Cash Dividends Paid (M)26.31
(=) Cash Retained (M)154.17
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)36.1022.5613.54
Cash Retained (M)154.17154.17154.17
(-) Cash Required (M)-36.10-22.56-13.54
(=) Excess Retained (M)118.07131.61140.63
(/) Shares Outstanding (M)46.9846.9846.98
(=) Excess Retained per Share2.512.802.99
LTM Dividend per Share0.560.560.56
(+) Excess Retained per Share2.512.802.99
(=) Adjusted Dividend3.073.363.55
WACC / Discount Rate6.67%6.67%6.67%
Growth Rate5.50%6.50%7.50%
Fair Value$277.02$715.98$764.00
Upside / Downside314.01%970.07%1,041.84%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)180.48192.21204.70218.01232.18247.27254.69
Payout Ratio14.58%29.66%44.75%59.83%74.92%90.00%92.50%
Projected Dividends (M)26.3157.0191.60130.44173.94222.54235.58

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.67%6.67%6.67%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)52.9553.4553.95
Year 2 PV (M)79.0080.5082.02
Year 3 PV (M)104.47107.46110.52
Year 4 PV (M)129.37134.34139.46
Year 5 PV (M)153.71161.13168.84
PV of Terminal Value (M)4,433.254,647.374,869.70
Equity Value (M)4,952.735,184.275,424.49
Shares Outstanding (M)46.9846.9846.98
Fair Value$105.42$110.35$115.47
Upside / Downside57.56%64.93%72.57%

High-Yield Dividend Screener

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